THE BUTTER MARKET.

Gisborne Times, Volume XXXIII, Issue 3666, 30 October 1912, Page 2

THE BUTTER MARKET.

DANISH DULL. LONDON, Sept. 13. There is little life in the demand for butter in Tooley street at the moment, except for choicest descriptions, of butter. Choice butter is scarce, but secondary grades are over-plenti-ful. f The market for salt Austrahan goods is slow, though choicest qualities are in request, and are readily snapped up at as high as 110 s to 112 s. There is a good demand for unsalted up to Ills to 116 s for choicest qualities, but supplies of this latter are very limited. With regard to New Zealand butter, the only thing to be said is that there are no goods on the spot, and, owing to the high prices ruling in the Dominion there is.very little forward business passing at the moment. As much as Is Old and Is Old f.o.h. is being asked, and such prices, Tooley street merchants say, make business almost prohibitive. It is reported that some have been selling New Zealand short at 119 sto 120 s c.i.f. London, anticipating a drop, but so far that lias met with no success. Current quotations for forward business in Australian arc given as 118 s f.o.b. Melbourne, and 114 s Queensland. Arrivals of Danish are sufficient for requirements of buyers, and Danish is quoted at 126 sto 1295. Two quotations are given now, owing to the split in the quotation committee. People here rely upon the merchants’ quotation. Speaking generally, the Danish market is dull, though there is a slight improvement in the demand this week. Arrivals of Siberian butter are lighter than they have been for some time past; last week 9000 casks, this week 13,000 to 15,000 casks. Tooley street merchants tell me that there is plenty of butter in Windau, and a large quantitiy is stored in London. Reports as to the quantity in cold storage vary, but there is about 50,000 to 60,000 casks of Siberian stored in London, # and about 60,000 to 70,000 boxes of Australian; no New Zealand is in store here. Only finest grades of Siberian arc wanted, other sorts being rather slow as regards demand. Buyers are paying 106 s to 108 s. and up to 110 s, for choicest goods, and 95s to 104 s for medium qualities. Supplies of Irish factories are heavy but centrifugal creameries offering make from Is to 2s higher. Prices of French butters have been reduced all round ; special brands may be quoted as follows:—“Panier du Roi ” 118 s; “Golden Cube,” 118 s; and “Cuvee du Hoi,” 121 s per owt. The outlook for Canadian cheese is by no means satisfactory. Shipments to this country from Canada from May 1 last are 116,000 boxes less than the shipments for last year, corresponding period, but stocks at London, Liverpool and Bristol, in spite total some 60,000 boxes more, linest white is quoted at 665, 675. up to 68s, finest colored 675, 68«. The market for New Zealand is practically cleared. Seeing that there is every likelihood of a full make of English cheese to the end, and every prospect of increased quantities from New Zealand for the winter trade, there is no doubt that prices will not go much higher yet awhile.