BUTTER AND CHEESE.

Shannon News, 18 January 1929, Page 2

BUTTER AND CHEESE.

ADVANCING MARKET EXPECTED In their sixth report, Messrs A. 11. Turnbull and Co. agents for Messrs W. Weddel and Co., Ltd., Loudon, say: The following are the top London quotations for the past six weeks in December and January. ■ Danish Butter 1995, Ist ; 2045, Bth; 218 s, 15th; 2125, 22nd; 200 s, 29th; 1955, sth Jan. j N.Z. Unsalted 198 s, Ist! 198 s, Bth; 198 s, 15th; 198 s, 22nd; 198 s, 29th; 198 s, sth Jan.

N.Z.: Salted 178 s, Ist; 180 s, Bth, 186 s, 15th; 186 s, 22nd; 186 s, 29th; 184 s, Jan. ath.

Cheese, White 102 s, Ist; 98s, Stli; 98s ; 15th; 98s, 22ud; 975, 29th; 965, Jan. sth.

Cheese, Coloured 102 s, Ist; 98s, 8tli; 100 s, 15th; 100 s, 22ud: 100 s. 29th; 995, Jan. sth.

Cabled prices show a steady advance in values, to-day's quotation being 186 s to 188 s (on. January 10th), with firm market.. Messrs W. Weddel and Co., Ltd., cable that the rapid decline in Australian gradings owing to dry weather resulted in heavy inter-state buying, almost eliminating the export trade. Further, the declared stocks in London on January Ist are extremely light, resulting in a further buy-* ing \vavc in New Zealand. Sales have resulted during the present week at is 6d f.o.b. for prompt January shipment, Is oljd for January aud February and Is for January, February and March. Present, prospects are good and an advancing market in London may be expected. Gradings are appended" and show that, the rate of increase during the first half .of the season lias, not been maintained during December, butter being on a par with December of last vear.

Cheese.—The market in London continued firm until tlie end of December and further f.0.b., sales were made for the second half of the season’s make, prices ranging from 9d to 9-l/16th. Colder weather experienced in United Kingdom curtailed consumption resulting in a weakening in spot prices and the withdrawal -of forward buyers from the New -Zealand market meantime. BUTTER GRADINGS, IN TONS. During December 1926, 11,650; 1927, 12,600; 1928, 12,680. Five months to December 31st., 1926 35,700; 1927, 41,488; 1928, 43,693. In store at December 31st., 1926, 10,750; 1927, 7,250; 1928, 5,663. CHEESE GRADINGS IN TONS. December 1926, 12,850; 1927, 12,532; 1928, 13,271. Five months to December 31st., 1926, 33,800; 1927, 35,109; 1928, 39,601.

Instore at December 31st., 1926, 10,050; 1927, 9,050; 1928, 7,498.