BUTTER STEADY

New Zealand Herald, Volume LXXI, Issue 21972, 1 December 1934, Page 14

BUTTER STEADY

DECLINE DURING WEEK NEW ZEALAND 72/- TO 73/CHEESE MARKET SLOW After a fall of about 2s 6d per ewt. over the week, the market for New Zealand butter in London lnts steadied. Choicest salted, is now selling at from 75Js to 735, while Australian is worth 70s .to 71s, a drop of about 3s pur ewt. .On the other hand. Danish is about '2s (id firmer at LlGs to 117s. The market for choose is dull. New Zealand white is worth -17s and coloured'46s. Both kinds show a decline of 3s per ewt. ' . i'j'he Press. Association message' sent fitom London on Thursday states that the market for butter is steady. Danish is quoted at 116s to 117s; choicest salted New Zealand. 72s t(> 735; Australian, 70s to 71s; tin salted, about 2s premium. The cheese market is dull. New Zealand, coloured. 4(55; white. 475: Australian., 45s and 4(55. The following comparative table shows the mean closing quotations on the London market for the last two \v<>eks: Nov. 23 Nov. 30 Kise tall flutter- 8 (1 8 d s d 8 d New Zealand 7a 0 <> ,f ' Australian .. 73 ti 70 (> J Danish . . 1U 0 llb (j - b Cheese-New Zealand: White 60 o - 3 0 Coloured . -«9 " ,®' Canadian: n .. White - • Si 0 53 b - 0 (• Coloured 54 0 o3 b 1 't A month ago the butter market Wi\s linn, with good inquiry. Danish was quoted at 125s per ewt.; choicest salted New Zealand, 735; Australian. 725; unsalted New Zealand, '4s to /8s: Australian. 725. Cheese was firm. Now Zealand white and coloured, oJs bd to 545. Tho butter market a year ago was steadv after a fall in prices. Danish was quoted at 112s per ewt.; choicest salted New Zealand, 72s to /3s; Australian, 71s to 725. Unsalted was ver.v scarce and no New Zealand was ofteiing; Australian, 94s to 96s The cheese market was dull New Zealand white 495; coloured, 475; Australian, 4/s and 455.

REPORTS OF MERCHANTS " RATHER MORE INQUIRY " Merchants have received the J Ol1 ™'" iii<r cablegrams, dated November 2.. from thoir London principals: Dalgety and Company Limited, from Samuel Page and bon, Limited. Butter: The market shows rather moie inquiry at the end of the week. New Zealand, finest salted, <o* to /3. , Danish, 116s; Australian, finest unsalted, 70s to 735; finest salted, <os to 71s: general average nualitv, b7s to 68s. Cheese: The market is slow. New Zealand white, 46s to 4/s; coloured, 45s to 465; Canadian white and coloured, 52s to 555. - Mr. W. W. Bowker, from A. JMills and Company, Limited. Butter: The market is steady. New Zealand finest, 72s to 735; first. fls; l^ 114s; f.0.b., 955; Australian, /0s to 71s. Cheese: The market is steady. New Zealand white. 47s to 4/s 6d; coloured, 46s to 46s 6d; Canadian, white and coloured, 52s to 535. Mr L McCartney, from Henrv A. Lane'and Company, Limited.—Butter: New Zealand. 725. Cheese: New Zealand white, 46s to 4/s; coloured. 465. The market is steady at the decline. \ S Paterson and Company, l J,m " ited from J. and J. Lonsdale and Company (London). Limited.—Butter•: New Zealand, 735; Australian. /Is; 95s f 0.h.. 116s landed. Cheese: White. 475; coloured,. 465. Both markets are steady. .