BUTTER PRICES

Hokitika Guardian, 7 December 1925, Page 4

BUTTER PRICES

MAIiKKT IS "DK.MORALISKD." AUCKLAND.' Doc. 4. A turther iloclino in ilio price of butter on the London market is reported in a cable message received today. quoting l!)!ls per cut. with the comment that the market is "demoralised.'' Taken in conjunction with other telegraphic information, the depression of prices is regarded as e\ idence that buyers are talcin'!; advantage of tlti' disorganisation of deliveries through the settmen’s strike tc force prices down. Only a .small quailtitv of New /ealand butter is actually in the market, the only recent arrivals having been the Ituahine. Arawa. and Port Dunedin, with a total of '-’doT tons, against which is the fact that the average consumption ol all butters isoitte (ittt)o unis tt week. The dominant influence, however, is knowledge that very heavy qualities, representing the aei nninbition Jnting the period of the strike, will arrive within the next three weeks. An important fm mi operating against the depressing influences is the coiistinipt ivo demand, which immediately responds to the lowest prices. In any event even the lowest quotation is equivalent to Is (id per lb t.0.b.. which represents a fair return to producers.