THE BUTTER MARKET

New Zealand Times, Volume XLIX, Issue 11306, 4 September 1922, Page 4

THE BUTTER MARKET

LONDON BUYERS INACTIVE. NO CHANGE IN QUOTATIONS. . The London butter market, according to the latest information received in Auckland, is showing ‘ little activity, though there is practically no alteration in the quotations for New Zealand butter, says the “Herald.” The market conditions are reflected to a certain extent in Auckland/ there having been no inquiries for new season’s make during" the last few days. Experts in the industry stated that they attached little significance to tho recent lack of inquiry on the part of British buyers. New Zealand dairy companies bad evinced little- desire to sell at prices recently: offered by oversea® buyers, and a dull market in London would naturally result in further offers being withheld. One authority stated thatrduring the last six months inquiries for butter had fluctuated greatly. When the London market became inactive inquiry from overseas ceased, but any upward movement, or even activity without increase in prigs, caused the inquiry in the Dominion to he renewed. Sometimes offers were received in New Zealand before any movement in the London market was recorded, but the offers invariably were followed by a- change in the market within a few -days-