BUTTER MARKET SLOW

New Zealand Herald, Volume LXIX, Issue 21314, 15 October 1932, Page 14

BUTTER MARKET SLOW

UNFAVOURABLE CONDITIONS DECLINE OF 4s IN WEEK CHEESE REMAINS QUIET Unfavourable conditions continue to influence the London butter market, which is slow. The market has declined since last, week, when conditions were fairly quiet, the movement being indicated in the first place by loss of support for Danish. Choicest New Zealand, which is stated to he scarce, is now selling at 110s, a decline of 4s during the week. The cheese market remains quiet, and while white is selling unchanged at 65s to 665, coloured has shaded 2s to 60s. The Press Association message from London states that the butter market is slow. Danish is quoted at 112s to 114s. New Zealand, choicest salted, scarce, 108s to 110s; first grade, 102s; choicest unsalted, 110s to 113s; Australian choicest salted, 100s; unsalted, 102s to 104s. The cheese market is quiet. New Zealand, coloured, is quoted at 60s; white, 65s to 665; Australian, coloured, 58s to 595; white, 645. In the corresponding week of September the market was firm and butter was selling well. Danish was quoted at 1265; Now Zealand-, choicest salted, 114s to 116s; Australian, 108s to 110s; unsalted, New Zealand, 110s to 114s; Australian, 108s to 110s. There was a good demand for cheese. New Zealand, coloured, was quoted at 61s to 625; white, 665. A year ago the butter market was slow. Danish was quoted at 128s to 130s; choicest salted New Zealand, 118s t<j 120s ; Australian, 112s to 113s. Unsalted sorts were about 2s premium. The cheese market was inactive. New Zealand, white, was quoted at 68s; coloured, 6ss. REPORTS FROM MERCHANTS DETAILS OF QUOTATIONS ——— Merchants have received the following cablegrams from their London houses, dated October 13: — A. S. Paterson and Company, Limited, from J. and J. Lonsdale and Company, Limited. —Butter: Danish, 97s to 98s f.0.b.; New Zealand, finest salted, 109s to 110s; first 102s; Australian, 98s to 100s. The market ; s dull and depressed, a downward tendency during the week being led by the withdrawal of support for Danish. Low c.i.f. offers for Australian are also making buyers nervous. Cheese: White, 65s to 665; coloured, 59s to 60s. W. W. Bowker, from A. J. Mills and Company, Limited.—Butter: New Zealand, finest, 110s to Ills; firsts, 102s to 105s; unsalted, 110s to 115s; Danish, 116s to 118s; Australian, 98s to 100s. The market is dull. Cheese: New Zealand, white, 65s to 665; coloured, 59s to 61s; Canadian, white and coloured, 67s to 68s; c.i.f., 66s to 675. The market is quiet. Mr. L. McCartney, from Henrv A. Lane and Company, Limited.—Butter: Finest, 110s; first, 101s; Australian, 98s to 100s; Danish, 97s f.o.b. The market is slow. Cheese: New Zealand, white, 655; coloured, 60s; Canadian, 67s c.i.f. The market is quiet. Norden and Company, Limited, from R. and W. Davidson, Limited, Glasgow.—Butter: Firsts, 100s : finest, 112s: unsalted, 108s to 114s; equivalent to 10.33 d, 11.60 d and 11.49 d a lb. f.o.b. Auckland respectively. Cheese: White, 65s' to 665; coloured, 60s to 61s, equivalent to 6.19 d and 5.65 d a lb. f.o.b. Auckland respectively. Both markets are quiet.