THE BUTTER MARKET

New Zealand Herald, Volume LXXII, Issue 22243, 18 October 1935, Page 7

THE BUTTER MARKET

CONFERENCE WITH DENMARK LITTLE LIKELIHOOD NOW LONDON, Oct. 16 It is understood that there is now little likelihood of a conference in London between Australia, New Zealand and Denmark on the distribution of the butter market, it being held that the Dominions were never enthusiastic over Denmark's proposal, but the rise of price practically eliminates the prospect of conferring with the object of allocating Denmark a specific share of the market, which has again become prosperous. • Germany is reported to be more anxious to import butter since the recent shortage, but the coming month's quota, she notified Australia House to-day, remains unchanged. In any case, Australian merchants are not likely to seek a German market owing to currency restrictions while the present satisfactory price in Britain holds.

SHIPMENTS FROM GISBORNE GRADING STORES CLEARED [by telegraph—own correspondent] GISBORNE, Thursday In order to reach the London market a fortnight earlier, shipments of over 5000 boxes of butter are being made from Gisborne to Napier on the Tiroa and Karoro this evening for loading on to the Rcmuora. By taking this course the consignments should arrive in London on December 2, whereas by waiting until November 8 the butter would not roach London until December 17. The Gisborno grading stores were cleared to the Inst box of coast and Gisborne butter, in order to send all possible away. This action is in direct contrast to the usual state of affairs during the spring. With the flush of the season's production approaching shipments in the past have been regulated so that supplies arriving in London would not be too heavy from Christmas onwards.

BUTTER-FAT PAYMENT RAGLAN CO-OPERATIVE CO. [ from our own correspondent] HAMILTON, Thursday The Knglnn Co-operativo Dairy Company, Limited, has decided to pay its suppliers Is a pound butter-fat for cream supplied for butter-making during September. The pay-out last year was 7d a pound, and although owing to climatic conditions the quantity of butter-fat received during September was lower than that for the corresponding month last year, the aggregate payment will be very much greater than that made last year.

IRON AND STEEL PRODUCTION STATISTICS (Received October 17, 6.$ p.m.) British Wireless RUGBY, Oct. 16 Tho British Iron and Steel Federation reports that 529,600 tons of pig iron wore produced in September, compared with 542,400 tons in August and 500,300 tons in September, 1904. The production of steel ingots and castings for the same periods totalled 855,900 tons, 759,900 tons and 734,700 tons respectively. &