RAPID RISE IN BUTTER.

Taranaki Daily News, 25 March 1922, Page 4

RAPID RISE IN BUTTER.

ENCOURAGING PROSPECTS. CHEESE REMAINS FIRM. By Teleffraph.—Press Assn.—Copyright. Received March 24, 5.5 p.m. London, March 23. Butter has shown extraordinary strength this week. With supplies temporarily short, importers have been able to raise the price daily, till the choicest New Zealand is quoted at 175 s to. 180 s, and Australian IBOs to 1655. Not much actual business has been done at these prices, but considerable speculative business is expected. Retailers raise the price of New Zealand to 22d next week. Some fear this may check consumption, but the public have acquired the butter habit again, and probably the advance will not have a great effect. • Cheese remains firm, though colored is more plentiful, coming back nearly to the level of white. The best New Zealand white is quoted at from 92s to 945, and colored 945. Australian: White 88s, colored 90s. Importations for the two previous weeks are as follow: — BUTTER.

March 18. March 11. Salted ... ... 148s to 150s 140s to 142s Unsalted . ... Not given. 140s to 144s Australian— Salted ... 140s to 144s 132s to 136s Unsalted ... 140s to 144s 132s to 136s Argentine .. ... 120s to 132s 114s to 124s Danish .. 184s 168s to 170s CHEESE. March 18. March 11. English— Finest farmers’ 140s to 14!»s 140s to 145s New Zealand Colored R8s to 02s 94s to 96s ' White ... 863 to 90s 81s to 83s Canadian — Colored ■90s to 104s 100s to 104s White ... 90s to 100s 96s to 100s Australian— Colored .. 88s to 90s Not given. White ... •84s to 86s Not given. Messrs. Newton King, Ltd received a cable from their. principals, R. and WDavidson, London, last night hr follows: “Butter market excited. Spot values 180s.”