THE BUTTER MARKET.

Shannon News, 18 December 1925, Page 2

THE BUTTER MARKET.

PRICE DECLINE ARRESTED. AUCKLAND, December 15. More hopeful reports of the London butter market continue to he received, and it is apparent that not only lias the sharp decline of the past few weeks been arrested, 'but also that there is likely to be an at least temporary upward trend until the equilibrium between supply and demand is reached. In advice received to'-day by Joseph Nathan and Co., Ltd., New Zealand butter is quoted at l?6s to 178 s per 'cwt, with "mure business doing." The flam's quotation last Friday was 170 s to 1745, and the opinion was expressed then that the market had nearly reached the bottom. This opinion has been justified, as in the interval the price has advanced by ss. It is considered in local exporting circles that the market should easily hold at its present level, until after Christmas. There are two strong supporting factors, the first heing the Christinas demand, and the second the increased buying encouraged by lower prices. Moreover, for two or three weeks the English buyers have held off the market, hut at the present values they will no doubt resume their purchases to replenish their stocks. The heavy: arrivals in January may have an adverse effect at the beginning of the year, but exporters consider that with the judicious regu- , lation of supplies the market can be held at a reasonable level.