THE BUTTER MARKET.

Hawera & Normanby Star, Volume L, Issue 8999, 23 January 1906, Page 5

THE BUTTER MARKET.

The London Commercial Record of December Bth, reporting on the foreign butter market, says: — "The course of the market since last week has been somewhat uncertain, as the commencement was slow, but a firming up took place late*, and as a rule choice goods are tolerably well cleared. As best Canadian and best Irish creameries drop out an extra sale is found for Danish, Swedish, and Finns, with the result that although Danish shipments have increased there is not that small accumulation which, might have been anticipated. The position is strengthened by the absence of New Zealand, and as retailers are enabled to sell Danish at Is 2d retail the extra demand is accounted for. In London Danish is still very slow, and although the full reduction of 3s to 4s is readily conceded, supplies continue somewhat in excess of the demand. Danish is 117s to 120s, while Dutch, which is steadily firm on trifling arrivals-, rules at 112s to 114s. Manchester has received about 165 casks less, and the market, which at first looked very weak, changed suddenly with quotations fully 2s to 3s higher than was taken on Saturday. Liverpool has had a good demand, but at poor prices, importers being anxious to clear. Arrivals, however, are very well cleared up. In Glasgow there is an improved sale, and arrivals being' small shipments have cleared at .rather steadier prices, and lower rates are not anticipated. It is worthy of note that for the first time the Copenhagen official quotation has fallen two weeks in succession without affecting the price of Australian and New Zealand in British" markets. This is the more remarkable as thte Danish decline amounts to 5s 6d per cwt. Supplies of Siberian were larger this week, but the bulk of the butter was from the cold stores at Riga. No arrivals of the Argentine took place, and the market re mains firm at 112s to 114s for "choicest." "The market for Australian continues •strong, and prices are well maintained a* last week's figures, tvith an occasional advance. According to Messrs W. Weddell and Co., in their report, there js more than the usual proportion of unsalted "butter in the latest arrivals from Aus- ] traKa. and consequently prices of tins kind are virtually on a parity with sated. Arrivals have been, limited to the Ortona, hrinfring only 12,508 boxes of Australian No "New Zealand has arrived suice 23rd November, and the next vessel due is the P.oparoa, which is expected to dock on the 10tn inst. Most of her butter ,is sold^ as the demand for New Zesdand is very strong Shipments from Austral tins week consist of 22,000. boxes mtTie Ortona, 23,000 in t.heSaevic,-Mid 1200 m the Oswestry Grange," making a total of. 46,200. Last year the .Orontes sailed at the same date with «4,SB6 JbOTes.and the Moravian with ,7616., 1 .WttV { ifoe shipments this week from rAus^raHft -it ,ispossible to state the quantify of colonial butter due to arrive in the first- half of January, via., 145,000 Boxes, against 164.000 Test year. • .

The W.C.F.T.A. will hold an unreserved clearing sale of furniture in Patea to-moT-TCW.