HOPEFUL SIGNS SEEN

Dominion, Volume 27, Issue 301, 17 September 1934, Page 9

HOPEFUL SIGNS SEEN

British Butter Market STOCKS START TO FALL (Received September 16, 5.5 p.m.) London, September 15. The butter trade is still in the doldrums, but there are some signs that a slight improvement may possibly come before long. Stocks in cold store, though still very heavy, are beginning to decline, and the total afloat from Australia, New Zealand „ and Argentine is also falling off. There are prospects of an increase in the German quota of imports for the remainder of the year. This should mean smaller arrivals of Danish here. It is reported that South Africa is threatened with a butter famine as the result of last year’s drought. This may mean that some butter will be shipped there from England so that Australian producers might well consider sending shipments to South Africa. EGGS AT LOW PRICE Result of Long Summer (Received September 16, 5.5 p.m.) London, September 15. The Australian egg season opened under somewhat inauspicious conditions, Britain is having an unusually prolonged summer, with the temperature as high as in mid-June, and similar conditions prevail on the Continent, with tho result that egg production is maintained at a very high rate. Consequently the market has been flooded with Home and Continental eggs. Some weak holders of the latter are selling nt almost give-away prices. Thus Danish seventeens have been sold at as low as 10/6 per 120 and the same weight of Lithuanian at 8/-. In these conditions the price realised for Australian sixteens, 11/6, must be regarded as satisfactory.