BUTTER MARKET STEADY

New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 7

BUTTER MARKET STEADY

NO CHANGE IN WEEK NEW ZEALAND UP TO 80s DANISH AGAIN DECLINES The market for New Zealand butter in London has been steady during the past week, quotations being practically unchanged throughout the period at from 79s to 80s per cwt. Quiet conditions now obtain. A feature of the week's operations has been the continued decline in Danish, which is now selling at 106s to 108s a total fall of ss. Australian finest butter has made a slight forward move, bringing the price nearer to the value of New Zealand. ■ New Zealand cheese is selling at a slight advance in respect of the white variety. The market is slow at the higher prices. The Press Association message from London states that the butter market is quiet. Danish is quoted at 106s to 108s; choicest salted, New Zealand. 79s to 80s: Australian, 775; unsaltcd, about two shillings premium. The cheese market is slow. New Zealand white is quoted at 47s;'coloured, 575. , =>*- : The following comparative table show* the mean quotations in cwts. on the London market for the last two weeks:— Feb. 3 Feb. 10 Rise Fall Butter— sd s <1 sde d New Zealand 79 6 79 6 Australian . . 75 G 77 0 1 6 Danish ..112 0 107 0 New Zealand CheeseWhite . . . 46 0 47 0 1 0 Coloured . . 57 0 57 0 CanadianWhite . . . 65 0 65 0 Coloured . . 66 0 66 0 Dull conditions existed in the market at the corresponding period last month. Danish was quoted at 104s per twt.; choicest salted New Zealand, 82s to 83s; Australian, 81s to 82s; unsalted New Zealand, 86s to 88s; Australian, 84s to 86s. Cheese was in good demand. New Zealand white'was quoted at 48s; coloured, 565; Australian, 47s to 555. A year ago butter was meeting with an improved demand. Danish was quoted at 140s; choicest salted New Zealand, 102s ■ to 104s; Australian® 100s to 102s; unsalted New Zealand, lJ2s to 115s; Axistralian, 108s to Ills. The market for cheese was firm. New Zealand white was - quoted at 58s; coloured, 575; Australian, coloured, 555. -.-V REPORTS PROM MERCHANTS DETAILS OF QUOTATIONS Merchants have received the following cablegrams from their London houses, dated February 9:— Dalgety and Company, Limited, from Samuel Page and Sonßutter, New Zealand, finest salted. 79s to 80s; Danish. 110s to 112s; Australian, finest unsalted, 76s to 795; salted,- 75s to 775; general average quality, 72s to 745. The market is quiet. CheeSe: New Zealand, white, 46s to 48s; coloured, 57s to 58s; Canadian, white and coloured, 60s to 68s. The market is weaker. 1" W. W. Bowker, from A. J. Mills and Company. Limited : —Butter: New Zealand i finest, 80s; firsts, ~Bs to 795; unsalted, SOs to 82s; Danish, 106s to 108s;Australian, 75s to 775. The iparket is quiet. Cheese: New Zealand white, 46s to 47s;' coloured, 57s'. to 58s: Canadian white. I 64s to 665; 'coloured; 65s to 675. The. roar-. • ket is steady. ! Joseph Nathan and Company, from j Trengrouso and Nathan, Limited :-=But- ! ter, 795. „No business doing. Cheese: j White, 475; coloured, 575. The market is very quiet. / Mr. I/. McCartney, from Henry A. Lane and Company, Limited: —Butter: New Zealand, 80s; Australian, 775. Cheese: New Zealand, white, 47b to 48s: coloured, 57s to 58s. The market is. quieter at the advanced prices ; Norden and Company, Limited, from v R, and W. Davidson, Limited, from Glas- > gow:—Butter: New Zealand, salted and unsalted, 78s to 80s per cwt., equivalent to 894 d per lb. f.o.b. Auckland. Cheese: White, 475; coloured, 58s, equivalent to 4.98 d per lb. and 6.07 d per lb. f.o.b. Auckland respectively. GERMAN MEAT IMPORTS . \ INCREASE IN DUTIES - E'ERLIN. Feo, * In order to assist distressed farmers, the German Government has increased the duties on live cattle and pigs to 50 maiks per double cwt., sheep to 45, fresh meat- \ to 100, specially-prepared meats to 280 r.nd lard to 50. , ' <