BUTTER PRICES STEADY

Wanganui Chronicle, Volume 76, Issue 67, 21 March 1933, Page 8

BUTTER PRICES STEADY

LONDON DEMAND LESS ACTIVE. CHEESE MARKET QUIET. There was a marked improvement in the prices of New Zeaand and Australian butter in London last week, on th c report, not yet substantiated, that Australia had agreed to restrict exports. New Zealand salted butter closed steady on Friday at 77s to 80s an advance of 6s a cwt. on the week. Australian, at 76s to 78s, showed a rise of 6s to 7s. On. the other hand, Danish butter, at 96s to 98s, suffered a decline of 2s to 4s a cwt., the retail price being reduced to Is, the New Zealand price remaining unchanged at lOd a lb. Following a rise of Is 6d to 3s a cwt., the cheese market closed quietThe Dairy Board’s London office reports Friday’s closing quotations as follow, those for the previous week being shown in parentheses:— Butter. New Zealand, salted, 77s to 80s (71s to 745; March 17, 1932, 107 s to 109sJ; unsalted, 70s, 78s to 82s (74s to 755; March 17, 1932, 114 s to 118 s). Deliveries, New Zealand, 1941 tons. In store, 7067 tons, includes 665 tons ex Mahia. Australian, salted, 76s to 78s (69s to 725); unsalted, 755, 76s to 78s (735). Deliveries, Australian, 2183 tons. In store, 4501 tons. Argentine, unsalted, 72s to 74s (70s to 725). South Africa, 69s to 725. Danish, 76s fo.b.; 965, 98s ex 100 s spot (765; 100 s). Danish, unsalted, 90s bo 94s (98s to 102 s). Latvian, salted, 78s to 80s. Siberian, 745. The board has also received the following advice from its agents in Canada:—Butter: Montreal, 25 cents. New Y r ork, 174 cents a lb. Cheese. New Zealand, white, 44s to 44s 6d (41s to 435. March 17, 1932, 60s to 61s); coloured, 50s to 51s (47s to 48s); March 17, 1932, 61s to 625). Deliveries, New Zealand, 18,868 crates. In store, 75,500 crates, includes 14,500 ex Mahia and Port Fairy. Australian, white, 42s 40s to 41s); coloured, 46s to 50s (45s to 465). Canadian, white and coloured, 60s to 68s (60s to 68s). Deliveries, Canadian, 3250 boxes. In store, 95,000 boxesEnglish, finest farmers, 84s to 102 s (84s to 102 s). Agents’ Reports. A. H. Turnbull and Co., Ltd., have received cabled advice dated March 17 from their principals, iV. Weddei and Co., Ltd., London, as follows;—Danish | butter, 96s to 98s. New Zealand, finest, 77s to 80s. Kangaroo, 76s to 78sMarket steady. New Zealand, white cheese, 445; coloured, 50s to 51s. Canadian, 60s to 68s. Market steady. The New Zealand Producers’ Co-op-erative Marketing Association’s weekly cabled, market report from London, dated March 17. is as follows:—Butter: Market quiet. New Zealand, 77s to 78s. Danish, 96s to 98s. Cheese: Market steady. New Zealand, white, 43s to 445; coloured, 50s to 51s. Mr. Thomas Gray has received the following report, dated March 17, from Mr. A. C. Rowson, London:—Cheese: Deliveries, New Zealand and Australian, 22.281 crates; Canadian, 3251 boxes. Stock, New Zealand and Australian, 79,774 crates; Canadian, 95,977 boxes. Price, white, 445; coloured, 51s. The demand is moderate and the market is steady. Butter: First grade, 77s to 78s. finest grade, 78s to 795. The demand has decreased. The market is quiet and appears likely to continue so, pending further news regarding the quota.