BUTTER IN LONDON

New Zealand Herald, Volume LXXIII, Issue 22468, 11 July 1936, Page 9

BUTTER IN LONDON

FIRM MARKET EXPECTED CONSUMPTION SATISFACTORY STOCKS BELOW NORMAL The London market for butter is expected to remain firm in the meantime, according to cabled advice received by A. H. Turnhull and Company, Limited, from W. Weddel and Company, Limited. Weddels state that consumption lias continued on a satisfactory level and it, is anticipated that the peak load of stocks of the year, which generally occurs about the first, week in August, will bo very much below normal. Prospects for cheese are bright and there is more likely to be an improvement in the market than a decline, the firm states. Consumption is good and stocks are considerably below normal. Estimated arrivals of New Zealand butter and cheese in the United Kingdom during July, August and September, compared with actual arrivals in previous seasons, are as follows: BUTTER (In Tons) if km iii3s liwo Jul.v 11,7112 8,351 10,5(10 August . . (i,.M!O 0,7 is !»,01.-> September . . • 0,083 8,030 12,500 Total . . 22,735 27,0:52 32,015 CHEESE (In Tons) July . . 8,192 0,570 5,400 August .. 7,121 5,223 5,012 September . 0,050 5,212 'I,OOO Total .. 21,000 17,014 15,702 REPORTS FROM MANAGERS

DETAILS OF QUOTATIONS Merchants have received the following cablegrams, dated July 9, from their London principals:— A. S. Pa terse n and Company, Limited, from J. and J. Lonsdale and Company (London), Limited. —Butter: The market is firm. New Zealand, 114s; Australian. 113s; Danish. 1265. Cheese: The market is steady White and coloured, 00s 6d. Mr. Leslie McCartney, from Henry A. Lane and Company, Limited.—Butter: 113s. Cheese: White and coloured. 60s. Both markets are strong. Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited. —Butter: 113s to 114s. The market is firm. Cheese: White, 60s 6d; coloured, 60s.