BUTTER AT 90/-

Dominion, Volume 28, Issue 107, 30 January 1935, Page 12

BUTTER AT 90/-

London Market Very Firm CHEESE ALSO ADVANCING It was reported yesterday that New Zealand finest salted butter was now being quoted on the London market, at 89/to 90/-, a further advance of 4/- since last Friday, and of 13/- in the last three weeks. The market is very firm, while there is more inquiry for cheese, prices for which are also reported to be advaue--lUThe forward market remains, active, and sales were reported yesterday at 10-Jd. per lb., f.o.b. Over 3(1.000 boxes of butter have now been booked for shipment to New York by the Port Gisborne, all of which is on straight-out sale to New York buyers. Joseph Nathan and Company. Ltd., have received from their principals. Trenarouse and Nathan, Ltd.. London, the following cabled advice, dated January ■>s-New Zealand butter, 89/-. New Zealand cheese, white 47/6, coloured -16/-. Both markets very firm. Retail Price Raised Picot Bros, report that the butter market has advanced and first grade creamery pats will be sold to-day at 1/OJ per lbSYDNEY WOOL SALES Faulty Sorts Irregular By Telegraph.—Press Assn.—Copyright. z (Received January 29. 10.20 p.m.) Sydney, January 29. At the wool sales to-day 12,183 bales were offered, of which 10,393 bales were sold at auction and 1849 disposed of privately. There was no quotable change in prices for fleece lines showing quality and evenness of staple, but faulty wools were irregular. Greasy merino made the record price of '2OJd. The average price of wool in Sydney last week was £ll/17/6 a bale, or 9.5 d. a lb. LONDON SALES STEADY Competition Well Sustained By Telegraph.—Press Assn.—Copyright. London, January 28. At the wool sales to-day 8391 bales were offered, including 1600 from NewZealand. Australian and New Zealand wool sold totalled 5412 bales. Home and Continental competition was well sustained for all good growths, with steady prices. Inferior and faulty wools were weaker and withdrawals were numerous. New Zealand greasy crossbred, Arakihi, 10d., BJd. Bradford is quiet. Merinos are barely steady and crossbreds are firm. Macetown Developments Ltd. Macetown Developments Ltd. mine manager's- report, for week ended January 26: Prospecting tunned sampled for a distance of 30 feet, average value 2oz. ldwt. 7grs. with 6 feet of lower grade ore on footwall. Have located new shoot of pay ore further west on line of reef.