THE BUTTER MARKET.

Shannon News, 27 November 1925, Page 3

THE BUTTER MARKET.

FIRST REPORT OF SEASON. Messrs W. Weddel and Go., Ltd., have cabled Messrs A. H. Turnbull and Co., the following top weekly quotations for butter and cheese during the last four weeks:— Oct. November, v 30th 6th 13th 21st Danish butter 220/- 218/- 216/- 218/N.Z. unsalted 218/- 212/- 208/- 210/N.Z. salted ... 216/- 212/- 208/- 208/N.Z. cheese Quiet 118/- 118/- 114/Butter.—The market has been dull and slow ever since London received advice of the sailing of the s.s. Ruahine, the first steamer to sail from New Zealand with new season’s, butter, and foretelling the collapse pf the Strike. Prices declined steadily to the present level of 208 s with dull market, but on -arrival of new season’s butter, per Ruahine, a better demand with firmer market is reported. 'By referring to list,, of expected arrivals, in the United Kingdom, it wiU be seen that no New Zealand butter is due to arrive * between the 22nd of this month and the l?th of December. It is, therefore, probable that the mar- < ikeit will show a firming tendency up 1q Christmas. Should prices advance, however, factories should not becomp toe optimistic as the December arrivals. will be equal to the average oi previous years, whilst January arrivals will show a 50 per cent, increase on last year’s figures. „ Cheese.—Quotations have been practically nominal -as stocks of New Zealand liave/toeen cleared. Arrivals during December and January show a very heavy increase on last year;, so that it is unlikely that prices -will remain at the present high level. However, it must be remembered that a. very big percentage of. the cheese that will be arriving in January has been sold at round about, 107 s landed. Consequently those buyers who have heavy stocks at this. figure will be doing their utmost to hold the -market up. Forward.—Owing to- the anticipated heavy arrivals -of both butter and cheese towards the end of. December and during January, forward buyers -show no- interest, preferring t-o wait arrivals before filling their requirements. As far as* New Zealand dairy produce is concerned, the statistics point to a weaker market, as so much as 12,000 tons of butter and 13,000 tons of cheese are due to arrive in the United Kingdom during January, a record quantity for this month. VESSELS DUE TO ARRIVE IN ENGLAND. Boxes Grates

Butter. Cheese. Iluahiiie . .. Nov. 12 135,643 625 Axawa ..'.,. .. Nov. m 7,170 5 Port Dunedin Nov. 22 '39,902 * oc <1 p-t 630 November, 1925 4,750 tons 45 tons November, 1924 3,900 tons 3,000 tons Turakina . .. De6. 10 10,153 . 7,240 fainui ... . .. Dec. 16. 16;652 • 9,635 Athenic .. Dec. 17 40,275 22,952 iongarii'o Dec. 17. 27,588 29,812 Gorinthic . .. Dec. 27 9-4,996 22,889 Dorset ... . .. Dec, 27 . 10,393 v 200,057 -1 92,528 December, 1925, 5000 tong butter, 6500 'ions cheese. December 1924, 5000 tons* butter, 3100 ions cheese. Port Hacking Jan. 1 20,000 Port Darwin Jan. 3 13,300 14,779 Raranga .. Jan. 5 55,000 ] 3,300 Matak&na ... Jan. 6 78,717 20,200 Rotorua ... ... Jan. 11 16,492 31,751 Port Nicholson Jan. 14 36,000 Tekoa . ... Jan. 15 79,284 37,270 Devon ... ... Jan. 16 50,432 11,750 Port Hobart Jan. 20 65,224 29,000 Reitrim ... ... Jan. 21 35,609 12,000 Otaki . ... Jun. 22 30,000 •12,000 • 480,058 182,050 January, 1926, 12,000 tons butter, 13,200 tons bheese. January, 1925, 8,200 tons -butter, 8,500 tons cheese.