SMALL RISE IN BUTTER

New Zealand Herald, Volume LXXI, Issue 21716, 3 February 1934, Page 13

SMALL RISE IN BUTTER

QUOTATIONS AT 65s TO 67s DROP OF 2s DURING WEEK CHEESE VALUES IMPROVE Prices for New Zealand finest butter on the London market ar.e a shade higher at 65s to 67s per cwt., but show a fall of 2s over the past week. Active conditions ruled midway in the week, but the market is now slow, according to the Press Association message. However, private cablegrams state that there is a firmer tendency. Australian butter shows a reduction of Is to 64s per cwt. over the week and Danish is lower by 2s at 86s. The cheese market is steady. White cheese is Is higher at 42s per cwt. for the period, and coloured has advanced by 2s to 455. Higher prices are also quoted for Canadian cheese. The Press Association message sent from London on Thursday states that the butter market is slow. Danish is quoted at 86s; choicest salted New Zealand, 665; Australian, 645; unsalted New Zealand, 725; Australian, 68s. The cheese market is steadier. New Zealand white is quoted at 425; coloured, 455; Australian, 41s to 425. The following comparative table shows the mean closing quotations on the London market for the last two weeks: —- Jan. 26 Feb. 2 Hii>c Fall Butter— scl s d sd s d New Zealand 6S 0 66 0 Australian . 65 0 64 0 1 0 Danish . . 88 0 66 0 Cheese—New Zealand: White . . 41 0 42 0 1 0 Coloured . 43 0 45 0 2 0 Canadian; > White . . 49 0 50 0 1 0 Coloured . 49 0 50 0 1 0 A month ago the butter market was slow. Danish was quoted at 91s per cwt.; choicest salted New Zealand, 67s to 68s; Australian, 675, unsalted New Zealand, 70s to 71s; Australian, 68s to 70s. The cheese market was quiet. New Zealand, white, was quoted at 48s; coloured, 44s to 455; Australian, coloured. 42s to 435. The butter market was fairly active a year *.igo. Danish was quoted at 112s; choicest salted New Zealand, 79s to 80s; Australian, 75s to 765; unsalted, about 2s premium. The chesse market was quiet. New Zealand, white, was quoted at 465; coloured, 575; Australian, 44s to 555. REPORTS FROM MERCHANTS FIRMER TENDENCY NOTED Merchants have received the following cablegrams, dated February 1, from their London principals:— A. S. Paterson Limited, from J. and J. I/onsdale and Company (London), Limited.—Butter: New Zealand, 65s to 665; Australian, 62s to 635; Danish, 65s f.o.b. (86s land«d). The market is steady. Cheese: White, 435; coloured, 455. The market is firm. Mr. L. McCartney, from Henry A. Lane and Company, Limited.—Butter: 675. The market is firmer. Cheese: White, 425; coloured, 445. The market is firm, with a hardening tendenev. Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. —Butter: 66s to 675. Cheese: White, 42s to 435; coloured, 44s to 455. Both markets are firm. Dalgety and Company, Limited, from Samuel Page and Son, Limited.— Butter: Prices are Is per cwt. higher. Cheese: Prices are Is per cwt. higher. Last quotations were:—Butter: New Zealand, _finest Baited, 64s to 665. Cheese: Now Zealand, coloured, 43s to 44k; white, 425. Mr. W. W. Bowker, from A. J. Mills and Company, Limited.—Butter: New Zealand, finest. 665; first, 60s; unsalted, 70s to 725; Danish, 86s (f.o.b. 645); Australian, 635. The market is firmer. Cheese: New Zealand, white. 425; coloured, 445; Canadian, white and coloured, 4Ss to 525. The market is firm.