THE BUTTER MARKET.

Shannon News, 11 June 1926, Page 2

THE BUTTER MARKET.

LATEST REPORT

•The following 'are the top weekly 'quotations, as received from' Messrs AV. Weddel and Co., Ltd., London, by A. H. Turnbull and Co.:—

Trfe above quotations bea,r out Messrs W. Weddel and Co.'s Lrtd.'s cabled expectations that immediately following the strike the market would be very slow, with lower values. Quotations for last week, however, show a considerable improvement;. Messrs Weddel and Co., Ltd., cable that there has been a better all round demand and a certain amount' of speculative buying is toeing indulged in, in consequence of disparaging reports regarding Continental supplies. At the present time, .owing- to the fact that so much butter is toeing held off the market by instructions of the shippers !in New Zealand, there is only a limited quantity of New Zealand butter available. It is anticipated, however, that should the demand continue and prices rise to ttoe yieinity of 178 s to 180 s, that sucient quantities -of butter will be released to rrieet the demand and steady the -market.

Stocks of butter in store in NewZealand are considerably in excess of' the quantities in store at this time last year, and consequently there, will be heavier arrivals during August and September, and this also will be inclined to have a steadying effect on buyers. Production.—From grading figures which are just available it is interesting to note that New Zealand but tex'- production will be close on 8000 tons short of last, season. Cheese.—The -market is steady at round about 935, but Canadian new season's. Cheddar cheese is being quoted at very much lower figures and with these lower quotations for Canadian new season's cheese, the market is somewhat depressed. There are close on 11,000 tons of cheese in store in New Zealand at the end of May, as- compared with approximately 3000 last season, so that the arrivals in the. next few months ih the U.K. will certainly be considerably in excess of the arrivals in previous years.

34th 29th 5th May. May. June Danish butter 178/N.Z. Unsalted 174/172/- • 176/N.Z. Salted ... 172/170/- - 174/Cheese, white , 93/coloured 03/03/-