NEW ZEALAND BUTTER

Waikato Times, Volume 124, Issue 20740, 25 February 1939, Page 8

NEW ZEALAND BUTTER

FURTHER DROP IN PRICES LATEST LONDON QUOTATIONS WELLINGTON, Saturday Advices from London state that prices for butter continue to drop. Salted New Zealand is quoted at 118 a per cwt., which is 2s lower than the npd-week level, and 4s lower than the value ruling at the end of last week. The market is slightly more active. Values are 6s 3d below the guaranteed price equivalent *f 124 a 3d per cwt. In spite of the preaent decline, prices are still 5s In advance of the level ruling a year ago. A Press Association message sent from London on Thursday states that Australian salted butter is selling at 115 s per cwt., which is also 4a lower than last week. Danish at 144 e per cwt. also is 4s cheaper, in unsalted butters, New Zealand is at 122 s and Australian at 118 s per cwt. The cheese market la slow. New Zealand white and coloured are selling at 60s, declines of Is 3d since last week. Recent quotations and those of a year ago compare as follows:

The present price of 116 sis equal to approximately 14.03 d per lb., f.0.b.. New Zealand ports, compared with the guaranteed price, of 14.59 d per lb., f.o.b. The London equivalent of tbe guaranteed price is 124 s3d per cwL The equivalent price of cheese is

about 7.35 d per lb., f.0.b., compared with the guaranteed price of 8.42 d.

Feb. 24 Feb. IT Feb. 25 Butter— 1939 1939 193ft .New Zealand . 118/- 122/- 118/Australlan 115/- 119/- 112/Cheese—N.Z: White 65/- 66/3 67/Coloured 65/- C6/3 67/f Australnn: White 61/- 61/- 64/ft Coloured 63/6 63/9 65/-