BUTTER MARKET STEADY.

Shannon News, 15 January 1926, Page 2

BUTTER MARKET STEADY.

N.Z. SALTED LEVEL W.ITJI DANISH Messrs A. H. Turnbuli and Co., forward us the following report on the butter market— Messjs W. Weddel and Co., Ltd., have cabled up the following top weekly quotations for butter and cheese for the last four weeks;—

Butter.—From the aibove quotations you will see that the market has been somewhat irregular, being quoted as low as 162 s on the 29fli December, rapidly recovering tq 172 s to 176 s on the 4th January, but Since then a further decline is manifest. At the. time of writing the market

is steady.. Messrs "W. Weddel and Go., Ltd., cable that they do not anticipate any very great improvement in prioeg for some time to come. The very heavy arrivals due in January must have a depressing effect on spot quotations and the best that can be hoped for is that the bulk of these heavy arrivals will be cleared without forcing prices down unduly. It is worthy of note that New Zealand salted is quoted to-day at an equal value to banish. Cheese.—Up to, the time of writing, quotations have been practipally nominal although January arrivals of cheese are now reaching the market and New. Zealand new season's is quoted at 96s to 98s with a steady market. Canadian is quoted to-day at 104 s to We. ' Forward sales.—Towards the end of December there was an enquiry for limited quantities of January make of butter for shipment and although a few sales were made at as high as Is 5d f.0.b., the demand was not sustained and buyers very shortly withdrew and to-day are'not very active even at 19 4£d f.o.b.

Decemljer. January. 18th. 24th. 1st. 9th. Danish butter— 174/178/- 172/N.Z. unsalted— r> 170/174/- 174/N.Z. Salted— 166/176/- 172/N.Z. Cheese— 102/98/- 100/-