RISING BUTTER VALUES

Sun (Auckland), Volume I, Issue 293, 2 March 1928, Page 12

RISING BUTTER VALUES

ACTIVE TONE IN MARKET ADVANCE OF 8/- IN WEEK Within the last seven days the London butter market has advanced 8s a cwt to 1765. This price has not been touched since the closing sales of the week ended November 26, 1927. The market slumped 10s in the following week to touch bedrock at 154 s toward the end of January. An active tone prevails at present prices, and indications are that a strong demand will be continued for some time to come. The cheese market also registers a brighter tone and firming values. Merchants report receipt of London cables as follows: k The fact that exports from Australia will be further restricted as a result of the recent floods in New South Wales temporarily ruining the pastures i|i undoubtedly another factor influencing the London market. Sydney merchants are reported to be conserving stocks in anticipation of short supplies during the coming winter. Norden and Co., Ltd.—Under date March 1, from their London principals, Andrew Clement and Sons: Butter, market active at 172 s to 1745; unsalted, 17&s. Cheese firm at 178 s. The following steamers have arrived: Norfolk, Port Denison, Matakana and Tamaroa. Amalgamated Dairies, Ltd. —From their London manager, under date March 1: Butter, Anchor, 1765; first grade, 1745; market active; Danish, 195 s f.o.b. Cheese: White and coloured, 975; market firm. Joseph Nathan and Co. —From their London principals, Trengrouse and Nathan, Ltd.: Butter, 174 s to 1765. Cheese, 96s to 975; both markets firm.