LONDON BUTTER MARKET.

Thames Star, Volume LVII, Issue 16427, 26 February 1925, Page 4

LONDON BUTTER MARKET.

STEADYING OF VALUES. A 1 essrs. A. H. Turnbull and Co. report under date of February 23rd that on the 6tli New Zealand butter (.salted) was quoted on the London market at 160/- per cwt., on the 13th it had reached 174/-, and on the 20th, 176/-. The circular states that the sudden rise was caused generally through buyers being caught short of 1 spot stocks owing to a temporary shortage in arrivals. The market jumped from 160/- at the end of the week to 168/- on the Monday, 176/on the Wednesday morning, and sellers were asking 182/- on Wednesday afternoon, lltlx inst. However, the rise has been overdone, and some sellers on the 12tli and 13th were pressing- for sales at as low as 168/-. Since then there has been a general steadying in values, and the market lias firmed to 176/-, according to our cable on the 20th. It looks as though the market will remain firm until the end of the month, as the. only February steamers not yet discharged are the Cumberland and Ituahine. With regard to March arrivals, these will be particularly heavy from the second week onwards, approximately 10,000 tons of butter coming on to the market within a few days.