BUTTER MARKET SLOW

New Zealand Herald, Volume LXXI, Issue 21912, 22 September 1934, Page 7

BUTTER MARKET SLOW

PRICES SLIGHTIfiT LOWER DROP OF 3/6 OVER WEEK QUIET CONDITIONS IN CHEESE The London butter market remains unsatisfactory, the demand being slow. New Zealand is selline about Is cheaper at 72s to 7.3s per cwt. Over the past week, prices for NewZealand produce have fallen by Ss 6d ]Jer cwt., and Australian butter is quoted Is lower at 71s 6d. Danish values show a rise of Is to 105s per cwt.' for the period. . , The cheese market is quiet. White cheese is selling at 46s.per of Is 6d over the week, and coloured at 45s a fall of 6d. The Press Association message sent from I/On don on Thursday states that the butter market is dull. Danish is quoted at 105s; choicest salted' New Zealand, 72s to 735; Australian. 71* to 725; unsalted New Zealand, 86s to 87k; Australian. 74s to 765. The cheese market is quiet. New Zealand, coloured, 455; white, 465. The following comparative table shows the mean closing quotations on the London market for the last two

The butter market was quiet a month ago. Danish was quoted at 110s: choicest salted New Zealand, 80s to 81s; Australian, 75s to 765; unsalted, New Zealand, 86s to 90s; Australian, 78$ to 80s. The cheese market was slow. New Zealand, white, 49s to 49s 6d; coloured, 46s to 46s 6d; Australian was cleared. A year ago the butter market wag quietly steady. Danish was quoted at 120s; choicest salted New Zealand and Australian, 108s to 110s. The cheese market was steady. New Zealand white was quoted at 545; coloured, 55sj Arw* traHan, 52s and 53s respectively. AN XBBEaULAB DEMAND INDICATIONS OF IMPROVEMENT Merchants have received the follow ing cablegrams, dated September 20> from their London principals:Joseph Nathan and Company, front Trengrouse and Nathan, Limited.-—The markets are quiet with some indications of an improvement. Finest butter, 735. Cheese: White, 475; coloured, 455. Mr. L. McCartney, from Henry An Lane and Company, Limited.— Fresh landed, 745; stored, 70s to 725« The market is irregular. Cheese.: White* 475; coloured, 455. The market )i quiet, A. S. Paterson and Company, Lira* ited, from J. and J. Lonsdale and Company, Limited.—Butter: The inactive. New Zealand, 72s to 73&; ; stored, 70s to 71s; Australian, 70s tq> 725. Cheese: The market is slow* White, 46s 6d to 475; coloured, 44s fid to 455. Mr. W. W. Bowker, froih A. J. Mill* and Company, Limited. —Butter: Newj Zealand, finest, 735; firsts, 725; tun safted, 868; Danish, 104s; f.0.b., 82s;) Australian, 71s to 725. Cheese: Newj Zealand, white, 47s to 47s 6d; coloured* 44s 6d to 455; Canadian, c.i.f., 47b to 48s. Both markets are slow. Dalgety and Company, Limited, from! Samuel Page and Son, Limited.—* Butter: New Zealand, finest salted. 72* to 735; Danish, 104s; Australian, finest unsalted, 74s to 765; finest salted, 714 to 725; general average quality, 69s > New Zealand stored butter, Is to less. Cheese: New Zealand, coloured* 455; white, 47s to 47s 6d; Canadian* white, 49s to 51s; coloured, 49s to 52s jj c.i.f. 49s to 50s. Both markets ar# slow.

wdeks: — Fall Scot. 14 Sept. 21 KiBe Butter— s d s d s d s d New Zealand 76 0 72 C. — 3 fl Australian . 72 6 71 6 — I 0 Danish 104 0 105 0 1 0 — Cheese—New Zealand: White 47 6 46 0 — 1 0 Coloured -. 45 6 45 0 — 0 6 Canadian: 50 0 White 50 0 — — Coloured .. 60 0 50 6 0 6 —