ADVANCING PRICES

Stratford Evening Post, Volume II, Issue 354, 11 September 1933, Page 5

ADVANCING PRICES

I Butter and Cheese Improve 1 LONDON MARKETS FIRM 1 . . Press Association. —Copyright. ; Wellington, Today. (■ A farther improvement was seen J last week in the London butter mar- ; ket, prices rising on an active dei mand. New Zealand salted buti ter was quoted on Friday at 96s to j .SSs^'ajr‘advance of 4s to 5s on thu ■ the highest price recordj' ed since last October. The Dairy ) Boat’s ' report says it is expected j that prices will be increased i this week In the South of England i a lb to Is 2d for Danish ' ana X&' Id for New Zealand. In the j North of England many retailers are I selling at a penny below the present I prices. ! There are indications that the acti ive market has reduced the recent J heavy stocks of butter. The quantity ; of New Zealand butter in store has I been reduced to 5670 tons, compar- ! ed with 9000 tons a mouth ago and 3434 tons a year ago. The Empire Marketing Board’s estimate of the stocks of all butters is 1,000,336 1 boxes compared with 775,293 boxes S v. year ago. ,! There was also an improvement last week in the cheese market, which ; closed firm on a good demand,. New i Zealand white cheese advanced 2s | Grt to 3s 6d a cwt an coloured 2s a i cwt. last week. j The London office of the Dairy i Board reports Friday’s closing prices j as follow, those for the previous week j being shown in parentheses. Butter New Zealand, stalled 96s to 9Ss (91s to 945; September 8, 1932, 110 s to 113 s); unsalted 98s to 102 s (94s to 965; September 8, 1932, 110 s to j 112 s); 96s to 98s equals approxi

mately 11.33 d f.o.b. Deliveries, New Zealand, 1963 tons In store 5671 tons, excludes 262 tons ex Port Pirie.

Australian, salted, 96s to 98s (9ls to 935); unsalted 96s to 100 s (91s to 945). Deliveries, Australian, 70S tons In store 1386 tons.

Danish 98s f.0.b.; 116 s, spot (80s; 108 s to 410 s).

Dutch, unsalted, 106 s to 11/s (106 s to 110 s).

Estonian, salted and unsalted, 81s to 88s (81s to 84s).

Lithuanian, salted and unsalted, 84s to 88s (81s to 84s). Latvian, salted and unsalted, 8-ls to 88s (Sis to 84s). S berian, 76s to 78s.

Ukrainian, 73s to 745. The board has also received the following advice from its agents in Canada: Butter: New York, 33 cents;'Montreal, 17 cents a lb. Cheese New Zealand, white 50s to 51s kfig. New Zealand, white 50s-51s to 51s 6d (47s (id to 48s; September 8, 1032 C3s to 645); 50s to 51s equals approximately 5.4 Gd f.o.b. Coloured, 52s to 53s (5.G7d f.0.b.) (50s to 51s; September 8, 1932, 57s to GOs), Deliveries, New Zealand, 25,903 crates. In; store 118,289 crates. Canadian white, 50s-54s to 56s (49s to' 51s); coloured 52s to 54s (51s to 545) ; c.i.f. 53s »(495). Deliveries, Canadian 7585 boxes. In store 103,438 boxes. English finest farmers, 72s to 70s (72s to 765).