FINANCE AND COMMERCE

Taranaki Daily News, 22 November 1930, Page 7

FINANCE AND COMMERCE

DAIRY PRODUCE PRICES.

BUTTER DROPS 4a PER CWT.

WHITE CHEESE QUOTED 07p TO" 09s

Prices for both butter and. cheese dropped to new low levels during the week that has passed. On the Lopdon markets New Zealand butter was quoted at from 104 s for first grade to 110 s for finest new season. This is approximately a decrease of 4s on prices ruling last week. Australian butter has also fallen as low as 100 s to 104 s and Danish has decreased about -s on the previous week’s quotations, ihe market has been very qtnet during the. week and selling has been slow, Very similar tendencies have been operating in the cheese markets, and although prices for the Canadian nr duct have not fallen very much, both New Zealand coloured and white have dropped is. Prices for white now ran o e between 71s and 735, while coloured is quoted at 67s to 695. . The butter market is weaker Aian last week, states a cable received by Mr. E. Griffiths from his London principals, A. J- Mills and Co. .J h e followino- quotations are given with those the previous week in parentheses: New Zealand finest, 108 a to MOs (112 s to 114 s); first grade, 104 s to 1006 (108 s to 116 s); Danish, 138 s to 140 s. (140 s to 1425)- Australian, 100 s to 104 s (104 s to 109 s). The market for- cheese is slow, continues the cable. rloe t . New Zealand white, 72s to 73s (13 745); New Zealand coloured, 67s to OS ft (68 s to 706); Canadian white, 74s to 78,s (745); Canadian coloured, 74s to report from Trengrouse and Nathan received by Messrs. Joseph Nathan and Co. states that both the butter and cheese markets are weak. Prices aie. Finest butter, 108 s (113 s firste, 104 s (109 s White cheese, 72s (7os); coloured, 68s (695). . . , The butter market is quiet and sell incr is very slow, reports the 1-midbn bouse of the New Zealand Loan and Mercantile Agency Co. The cheese market is also quiet. Quotations aie, with the previous week’s prices in paienthe ses: Choicest New Zealand salted but ter, new season, 108 s to 110 s (114s)Cheese, white 71s to 72s (7'3s to 745), coloured 08s to 60s (69s to 70s). A cable received by Turner and Co. dated November 20 states that the market is depressed with an easier tendency. Danish is quoted at 138 s. New Zealand at 104 s to 108 s. and Austialiau 100 s to 104 s. Cheese is in .very-slow demand and prices are declining. White is quoted at 70s to 71s and coloured at 67s to 68s.