PRODUCE IN LONDON.

Waikato Times, Volume 103, Issue 17383, 20 April 1928, Page 6

PRODUCE IN LONDON.

BETTER DEMAND FOR BUTTER.

CHEESE . REPORTED SLOW.

(Australian Press Assn.—Gritted Service.) (Received April 20, 12.15 p.m.)

LONDON, April 19

Butter is steady; demand improved. Danish, 178 s. Choicest salted and unsalted New r Zealand, 168 s, exceptional, 170 s; Australian, 158 s. Cheese is slow. New Zealand, 975; Australian, 94s to 955. «s

THE BUTTER MARKET.

HAS AN- UPWARD TENDENCY,

CHEESE MARKET QUIET, (By Telegraph.—Special to Times.) ’ AUCKLAND, Friday. Amalgamated Dairies, Ltd., have received the following cablegram from London, dated April 19:— Butter. —“Anchor,” 170 s; market active, with an upward tendency. Danish, 173 s f.o.'b. Cheese. —97s to 98s; market quiet. AUCKLAND, Friday. Norden’s London cable of April 19, reads: — Butter. —Upward tendency. Salted, 166 s (after 164), f.o.b.', equivalent to 1/4.lid per lb; unsalted, 166 s to 168 s, equal to 1/5.21d. Market has an upward tendency. , Cheese. —White and coloured, 975, equal to 8.75 d per lb. Market quiet.

MARKET HAS REACHED BOTTOM (By Telegraph.—Special to Times.) AUCKLAND, Friday.

W. W. Bowker has received the following cable dated April 19 from his London principals:— New Zealand butter. —Market firm. Finest 166 s to 168 s; first, 164 s to 1665; finest, 170 sto 1745. We think the market has reached bottom, and there will be an improvement for the next few weeks.

Cheese.- —Steady. Finest, 97s to 98s; first grade, 90s to 975.