BUTTER RECOVERY

Taranaki Daily News, 9 November 1935, Page 12

BUTTER RECOVERY

SELLING AT 102 s AT LONDON. CHEESE STEADIER AT DECLINE. New Zealand butter on the London market yesterday showed signs of recovering and sold at 101 s and 102 s after touching 995, a seven shillings’ drop on the price last week. Buyers of cheese had been holding off but the market is steadier at the decline, white and coloured both fetching 50s compared with 52s and 53s last week. Merchants, yesterday received the following cabled quotations from their London agents:— Messrs. Henry A. Lane and Company Ltd., Hawera, from their London office: Butter, finest . 101 s to 102 s, first grade 99s to 100 s. Cheese, white 50s, coloured 50s. Mr. E. Griffiths (Messrs. A. J. Mills and Company Ltd.); Butter, market steady, New Zealand finest 100 s to 101 s (105 s to 106 s), first 98s to 99s (103 s to 104 s), Danish 124 s (1245). Australian 99s to 100 s (105 s cheese, market slow, New Zealand white 49s (525), coloured 50s (535), Canadian white 54s (545), coloured 58s (58s). Newton King Ltd. (Messrs. R. and W. Davidson Ltd.): Butter, market steadier, salted 99s to 101 s (last week 104 s to 106 s, last year 765), unsalted 104 s to 108 s (last week 110 s to 114 s, last year 765); cheese, market quiet, white and coloured 49s to 50s (last week 52s to 52s 6d, last year 53s to 545) • ’ The New Zealand Loan and Mercantile Agency Company Ltd. (Thursday cable): Butter, New Zealand choicest salted 100 s per cwt (106 s cheese, 51s per cwt (54s to 555).