COMMERCIAL

Waipa Post, Volume 32, Issue 1783, 17 July 1926, Page 3

COMMERCIAL

BUTTER AND CHEESE. , THE POSITION! REVIEWED. The colonial butter trade is said to be lifeless, but .there i 3 rather more inquiry for .finest New Zealand, for which the quotation is 170 s. Secondary and inferior sorts are difficult of sale owing to low prices of Continental butter and lack of demand. The quantity of butter in store in New Zealand at the close of last month totalled 6255 tonsi, als against 8992 tons at the end of May; so that a fair quantity was shipped during June. "Writing in respect of the situation during the recent strike in Great Britain, Messrs Dalgety and 'Company, in their dairy prodluce circular of 31st May, say: "In order to prevent needless and panicky advances consequent upon the difficulty of obtaining goods, and also to allay uneasiness on the part of the .public, it was agreed by the importers, wholesale houses, and retailers to stabilise prices as far as possible. Importers and agents of the London Provision Exchange agreed, by arrangement with the Board of Trade, that until further notice the maximum prices to be charged for bacon, hams, lard, butter, and cheese should not be above 'the highest prices quoedl.by the Exchange on Friday, 30th April." The imports of butter into the United Kingdom for the four months to 30th April, totalled 2,108,817 cwt, as compared with 2,276,458 cwt in the corresponding term of last year, showing a decrease of 167,641 cwt. The imports from New Zealand duiring the first four months of the current year were 609,918 c'wlt, from Denmark 605,029 cwt, and frori Australia 427,873 cwt. New Zealand and Australia showed shrinkages, but'there is an appreciable increase from Denmark. > j —— & A DEPRESiS'ED* MARKET. Messrs Dalgety and Company report having received the following cablegram, dated 16th instant, from their London house: — The butter market is depressed. We quote: New Zealand, salted, 166 s to 168 s per cwt; exceptional brands. 172 s per cwt. Danish, 172 s per cwt. Australian, finest salted, 164 s to 168 s per cwt; finest unsalted, 164 s to 168 s per cwt. The cheese market, also, is de pressed. New Zealand, white, is quoted at 87s to 89s per cwt; coloured. 82s to 84s per cwt. Canadian, white, 84s 6d to 89s per cwt; coloured, 82s to 84s per cwt. r The total imports of butter into the United Kingdom for last month were 528,000 cwt, a. s compared with 575,000 cwt for the corresponding period of last year.