PRODUCE PRICES.

Hokitika Guardian, 16 January 1926, Page 1

PRODUCE PRICES.

Messrs W. Weddell and Co. Ltd. advise the following top weekly quotations for butter and cheese for the last four weeks:

Butter: —From tho above quotations you will sec that the market lias been somewhat irregular. Being quoted as low as 1(52s on tho 29th. December, rapidly recovering to 172 s to 176 s on the -Itli. January, but since then a further decline is manifest.

At tho time of writing the market is steady. Messrs W. Weddell and Co. Ltd. cable that they do not anticipate any very great improvement in prices for some time to come. The very heavy arrivals duo in January must have a depressing effect on .spot quotations and the best that can he hoped for is that the hulk of those heavy arrivals will lie cleared without forcing prices down unduly. It is worthy of note that N.Z. Salted is quoted today at an equal value to Danish. Cheese: —Up to the time of writing, quotations have lieen practically nominal although January arrivals of cheese are now reaching the market and New Zealand’s new season’s is quoted at 90s to 98s with a steady market. Canadian is quoted to-day at 104 s to 108 s. Forward sales : —Towards the end of December there was an enquiry for limited quantities of January make or shipment, and although a few sales were made at as high as Is 5d f.0.b., the demand was not sustained and buyers very shortly withdrew and today are not very active oven at Is 4Jd f.o.b.

Dec. Dec. Jan. Jan. 18th. 24th. 1st. 9 th. Danish butter 172/X.Z. nnsjiltod 17-1/-X.Z. .salted 172/X.Z. cheese 08/100/-