THE BUTTER MARKET

Poverty Bay Herald, Volume LV, Issue 17237, 17 April 1930, Page 8

THE BUTTER MARKET

A BRIGHTER OUTLOOK SLIGHT RISE IN QUOTATIONS A slightly better tone, which is hailed with a great deal of optimism, i,s reported in the butter market, according to advice received to-day by Mr. ,1. it. Sunderland, secretary of the Ivia Ora Co-operative Dairy Co., Ltd. The advice that has just come to hand quotes the market as being iirm with, an improvement in the quotations, which are now reported to be from 124 s to 1265. The previous quotations were from 120 s to 1245. "It is interesting to note," said Mr. Sunderland, '"that the market at this time, last year was the lowest for that season", and from then oh there was a

gradual improvement. We hope that history will repeat itself, and thai we have seen the lowest prices and can look forward now to a gradual recovery." The'improvement in the butter market is reflected in the'activities of those linns who deal f.o.b. Quotations were being made (hiring the past few days of Is Id per lb., f.0.b., but these offers have now been increased to Is ljd per lb., said Mr. Sunderland, lie indicated that tho latest oiler was worth ]2s per cwt. more cm the London market than the present values, or from 136 s to 138 s. lie referred to this activity on the part of the f.o.b. purchasers as the first gleam of sunshine in the market position.