COMING BUTTER SALES

Dominion, Volume 28, Issue 103, 25 January 1935, Page 11

COMING BUTTER SALES

America to Buy 16,000 Boxes in London MARKET OUTLOOK BETTER London, January 23. The United States will purchase 1G,00(> boxes of butler in the current fortnight after three years’ absence from the market. There is an improved butter outlook, New Zealand chiefly benefiting, but the demand has contributed to a rise in Kangaroo to 82/- firm, compared with 64/- last autumn. The Americans* are buying at 83/-. The dry spell in Europe is causing subnormal shipments from Scandinavia. while the absence of Canadian supplies has permitted a reduction in the Australian stocks, which are falling instead of rising as in January, 1934. Thus the market is expected to be steady for three or four weeks, after which the American and European spring supply will begin. PROSPECTS BRIGHT Opinion of Australian DISPOSALS OVERSEAS Sydney, January 24. Mr. w. Hindmarsh, chairman, addressing ihe annual meeting of the Producers’ Co-operative Distributing Society, said that the society in 1934 sold more-than 50 per cent, of its butter overseas. The total quantity handled was 1,068,000 boxes. The local price of 140/- and the English price 82/- gave them a fair return. The prospect generally ahead of butter producers was bright. He hoped that, if Britain insisted on restriction, it should be confined to margarine, thousands of tons of which were consumed in Britain. He also hoped that the Commonwealth Government would prohibit the shipment of secondarybutter..