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Waikato Times, Volume 112, Issue 18804, 28 November 1932, Page 6

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BUTTER IN LONDON.

AP i IMPROVED MARKET.

LONDON AIERCHANT’S ADVICE.

(By Telegraph.—Special to Times.) i AUCKLAND, Monday. Air H. S. Withers lias received a cable message from his London principal, Mr A. C. Rowson, stating that Hie butter market has improved and the price has advanced by 2s per owt. A FIRMER TONE. A BETTER DEMAND. Though butter prices are still low,f advices from London received in Auck-J land indicate a more hopeful outlook* on the Home market. It is firmly believed in well-informed circles, and an announcement of an improvement in prices is confidently awaited, for the reason that the lower figures have stimulated the demand. The stock position is sound, though heavy arrivals are due. “ Colonial butter is now’ selling al Is a lb.-retail on the Home market, and at such a price it is a cheap commodity and good value in comparison with Danish,” said a merchant on Saturday. “ The consumption has increased considerably, which is a healing sign: We should have reached somewhere about rock-bottom im prices by now.”

PRICES FOR BUTTER. DANISH AND NEW ZEALAND. DAIRYING CONDITIONS REVIEWED.^ The position of Denmark and New Zealand in supplying the Home mar-| ket with butter was reviewed by! Rotarian AV. Y. Kirkman, in an address! to the Hamilton Rotary Club at the'; weekly luncheon "in the AVattle Tea-! rooms to-day. I The speaker made speolal reference to the disparity in the prices of the' products of the two countries. J A full report of the address will be! published to-morrow. LOW PRICES RULE.

AN EXTRAORDINARY FEATURE. POPULARITY OF DANISH. United Press Assn.—Elec. Tel. Copyright! (Received Nov. 28, 9.30 a.m.) ■LONDON, Nov. 27. s Notwithstanding an announcement that Australia and New Zealand intend to restrict exports of butter, prices continue to fall. The present value for choicest Australian and New Zealand salted is 86s, which is the lowest for more than 30 years. Traders are unable to explain the weakness for the consumptive demand Is good and although arrivals are heavy, cold storage stocks as recorded by the Empire Alarketing Board on November 12 were only 472,754 boxes, as compared with 578,461 a fortnight previously and 578,461 a year ago. An extraordinary feature of the trade is that the price of Danish here is 120 s, which includes a duty of about 15s. The reason apparently is that the imposition of the higher duty has caused a reduction in shipments to England arid the low'ering of the tariff by Germany has enabled that country to take more Danish, while Belgium is also buying it freely. It is wonderful testimony to th.e popularity of Danish in the North of England that consumers should -prefer to pay 16 to 18 pence per lb for it rather than one shilling for Australian and New’ Zealand, which are equally good and have Better keeping qualities. .