THE BUTTER MARKET.

Shannon News, 9 January 1925, Page 3

THE BUTTER MARKET.

Latest cable messages indicate tliat there has been a further drop of 4s per cwt. in the price of butter, making the price of choicest salted New Zealand butter 1765. Operators on the market must be considerably alarmed by the inflow of supplies, but it is just possible that matters will be carried too far. The market is dependent mainly upon supplies from Australia and New Zealand, and a week-end message stated that the expected arrivals during the current month were 230,000 cwt. front New Zealand, against 129,000 cwt in January, 1924, and "05,000 cwt. from Australia, against 54,700 cwt. in January of last year. The trade has to contend with heavy weights, and consumption can be stimulated only'by lowering the price to the consumer. If the market holds at ,176 s there will scarcely be any room for complaint, but if prices go lower, factories may find that advances against, consignments will be reduced. At present the advance is about 140 s per cwt., f.0.b., and another 20s must be added for freight and selling charges. which verv eonsiderablv reduces the margin. The next week tw n should givef a better idea of what uv’r be expected.