NEW ZEALAND BUTTER

Waikato Times, Volume 125, Issue 20888, 21 August 1939, Page 3

NEW ZEALAND BUTTER

SLIGHTLY FIRMER MARKET LONDON PRICES UNCHANGED AUCKLAND, Saturday Advices from London state that, although prices for New Zealand butter are unchanged, a slightly firmer market is ruling. Choicest salted and unsulfcd remain at 117 s per cwt. A Press Association message sent from London on Thursday stales that Australian salted butter is selling at 107 s to 108 s per cwt, and Danish from 124 s to 12as per cwt, both values being a. shade higher. 'l'lie cheese market is slow and prices have dropped sharply. New Zealand white and coloured are at 56s to 56s 6d per cwt, a drop of 2s ( Jd and 5s 9d respectively. Recent quotations and those of a year ago compare as follows: — | ' | j

The present price of 117 s is equal to approximately I:s.9r>ri per lb. f.0.b., New /('aland ports, compared with the guaranteed price of 1 ».Sf)d per lb, f.o.b. The London equivalent of the .guaranteed price is I*2 is fM per cwt. The equivalent price- of cheese is about 6.21 d per lb, f.0.b., compared with the guaranteed price of 5.42 d.

Aug - . IS Aug - . 11 Aug-. 19 Butter— 193 9 1939 1 93S .New Zealand .. 117/- 117/- 120/Australian 107/6 107/- 116/Danish 124/6 124/ 129/6 Cheese—N.Z.: White 56/3 59/- 7 1/6 Coloured 56/3 60/- 71/6 Australian: White 54/- 56/- 69/Coloured 5 4/- 57/- 69/-