ENCOURAGING PRICE RISE

Taranaki Daily News, 29 December 1934, Page 4

ENCOURAGING PRICE RISE

DAIRY PRODUCE MARKET ADVANCE IN BUTTER AND CHEESE fi ■ ■ ' APPRECIABLE CHANGE •. REVEALED. POSSIBILITY OF LOWER SUPPLIES. An encouraging rise in London dairy produce prices is revealed by the week’s cable advices. Appreciable advances in both butter and cheese divisions are recorded. New Zealand butter is reported to be finning on an active market and has advanced from 5s to 6s a cwt. on last Friday’s prices. Australian butter shared the rise, but Danish fell by 4s to 120 s. Indications are that tha market will hold as consumption is increased, and there is the possibility that supplies will not be as heavy as they were last year. Small Taranaki sales at the equivalent of 75s to 76s are reported. Cheese in both classes has advanced by about 2s 6d a cwt. A London United Press cable states that the butter and cheese markets are firm, with Dominion butter active. Quotations are given as follows:—Butter: Danish, 120 s; New Zealand best salted, 75s to 765; Australian, 74s to 755; unsalted, New Zealand, 775; Australian, 765. Cheese: New Zealand white and coloured, 465; Australian, none offering. Mr. E. Griffiths’ cable from A. J. Mills and Co. Ltd., with last week’s prices in parentheses, is:—Butter: The market is firm; New Zealand finest, 75s (70s); firsts, 74s (695); Danish, 120 s (1245), f.0.b., 100 s (100 s Australian, 74s (69s to 70s). Cheese: The market is firm. Nrw Zealand white, 46s (43s 6d); coloured, 46s (43s 6d); Canadian, 52s to 53s (52S to 535).