BUTTER IMPROVES

New Zealand Herald, Volume LXXI, Issue 21990, 22 December 1934, Page 7

BUTTER IMPROVES

SMALL EISE ON WEEK NEW ZEALAND AT 70/- TO 71/ a LOWER PRICE FOR DANISH An improvement in the market for New Zealand butter in London has occurred during the week and the position for Dominions' butter is now reported to he steady. Choicest salted. New Zealand is worth from 70s to 71s, against 70s last week. Australian is quoted at from 68s to 70s, compared with 695, while Danish has declined by 7s to 3205. The market for cheese also is steady, with New Zealand white and coloured both selling at 445. This represents an improvement of Is in the price of coloured. The Press Association message sent from London on Thursday states that the market for butter from the Dominions is steady. Danish, is quoted at' 120s; choicest salted New Zealand, 70s to 71s; Australian, 68s to 70s; unsalted, New Zealand, 72s to 745; Australian, 70s to 71s. The cheese market is steady. New Zealand, white and coloured, 445; Australian, none offering. The following comparative table shows the mean closing quotations on the London market for thfi last two weeks: Dec. H Dec. 21 Rise Fall s d id s d s <i Butter— New Zealand 70 0 70 6 0 6 Australian .. 69 0 63 0 Danish ..127 0 120 0 Cheese—New Zealand: ■White .. 44 0 4i 0 Coloured .. 43 0 \i 0 10 Canadian— White .. 54 0 54 0 ' Coloured .. 54 0 54 0 —• A month ago the butter market was quiet. Danish was quoted at 114s;' choicest salted New Zealand, 755; Australian, 73s to 745; unsaltcd Now Zealand, 76s to 775; Australian, 75s to 765. The cheese market was slow. New; Zealand, coloured, 495; white, 50s; Australian, coloured, 47s to 48s; white, 48s to 495. A holiday tone was evident in the s butter market a year ago. Danish was quoted at 106s per cwt.; choicest salted New Zealand, 67s to 68s; Australian, : 665; unsalted, 5s to 6s premium. Cheese | was slow. New Zealand, white, 48s; ! coloured, 445; Australian, coloured, 435.

REPORTS OF MERCHANTS % "MORE BUSINESS DOING" Merchants have received the following cablegrams, dated December 20, from their London principals:— Mr. L. McCartney, from Henry A. Lane and Company, Limited. —Butter:'. New Zealand, 70s. The market is firm, with more business doing. Cheese: New, Zealand, white and coloured, 445. The market is firm. A. S. Paterson and Company, Limited, from J. and J. Lonsdale and Company (London), Limited. —The market is firm. New Zealand, 70s to ,71s; Australian, 70s; Danish, SBs f.0.b., 119s landed. Cheese: White, 445; coloured, 445. Sir. W. W. Bowker, from A. J. and Company, Limited.—Butter: New Zealand finest, 70s; firsts, 695; Danish, 1245; f.0.b., 100s; Australian, 695. to 70s. Cheese: New Zealand, white and coloured, 43s 6d. Both markets are firm. Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited.—Butter: New Zealand, 70a. The market is firm. Cheese: 43s 6d to 445. The market is quieter.