BUTTER STEADY

New Zealand Herald, Volume LXX, Issue 21520, 17 June 1933, Page 7

BUTTER STEADY

LOWER PRICES LESS ACTIVITY REPORTED ' CHEESE MARKET FIRM No important developments have taken place in the London dairy produce" market "tTits Week:" "At"' present there is a quietly steady tone, with butter prices on a slightly lower basis tfian last week at 81s to 82s per cwt. for New Zealand finest. Other butters also are a shade easier. The cheese market is firm, with minor fluctuations. ' The Press Association message from London states the butter market is quietly steady. Danish is quoted at 02s to (Ms; choicest salted New Zealand,.Bls to 82s; Australian, 80s to 81s; unsalted, 2s premium. The cheese market is firm. New Zealand, white, 48s 6d to 495; coloured, 53s 6d to 545; Australian, 47s to 48s and 52s to 53s respectively. *' The following comparative table shows the mean closing quotations in . ,cwt3: on the London market for the last two weeks: — June 9 June 16 Rise Fall Butter: s d e d 6 d New Zealand .. 82 6 SI 6 -10 Australian . . 81 0 60.8 0 6 Danish 93 0 93 0 Cheese —New Zealand : White . ... 49 0 4S 6 0 8 : Coloured ~ ... £4 6 ' 53'9-' OS Canadian? "White .. .. 66 0 .65 0 1 0 Coloured .. G7 0 67 0 A sharp advance occurred in tho market a month ago, New Zealand pi ices advancing 6s 6d per cwt. to 79a to 80s per cwt., following the announcement in the House of CommoDS of possible restrictions on foreign dairy produce imports. Cheese also advanced to 46s to 4ss per cwt. for white and 53s to 54s for coloured. Since then tho markets have remained fairly steady. A year ago there was ax slightly improved demand. Danish .was quoted at 98s to 100s per bwt.ly choicest salted New Zealand, 96s to 975; Australian, 95s to 965; unsalted, New Zealand, 98s to 100s; Australian, 96s to 98s. Cheese was more active. New Zealand, whito and coloured, were quoted at 575. REPORTS FROM MERCHANTS DETAILS OF QUOTATIONS Merchants have received the following cablegrams from their London houses, dated June 15: — Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited.—Gutter,. .white, 48s 6cb, coloured} 545. Both niarkots are quiet and steady." Zi-.IL 1 Mr. L: : McCartney, from Henry A. Lane and Company, Limited.—Butter:! New Zealand, 82s. The market is quiet. Cheese: New Zealand, white, 48s: coloured, 535. Little doing but a good feeling prevails. : J - A. S. Paterson and Company, Limited, from J. and J. Lonsdale ana Company (London), Limited.—Butter: The market is dull; poor demand; easier. Danish, weaker, 72s f.o.b. (93£ landed); New Zealand, 81s; Australian, * 80s to 81s. The cheese market is quiet; buyers inactive. White, 48s to 48s 9dj coloured, 53s to 53s 9d. Dalgety and Company, Limited, from Samuel Page and Son.—Butter: New; I Zealand, finest salted, 79s to 81s; ] Danish, 92s to 945; Australian, finest, I unsalted, 81s to 83s; finost salted, 79s* to 81r: general average quality, 7fis to 78s. Cheese: New Zealand, white, 48* to 495; coloured, 53s to 545; Canadian, white, 64s to 68s; coloured, 66s to 70sj c.i.f., 56s to 58s. Both markets are slow. Mr. W. W. Bpwker, from A. J. Mills and Company, Limited. —Butter; New Zealand, finest, 81s to 82s; firsts, 80s to 81s; unsalted, 84s to 86s; Danish, 90s to 92s;' Australian, 79s to 81s. The market is quiet. Cheese: New Zealand, white, 48s to 49&;_ coloured, 53s to 545; Canadian, white, 64s to 665; coloured, 66s to 68s. The market is steady.