Salt Lake Telegram | 1926-11-13 | Page 6 | Weekly Butter Review

I WEEKLY ElY CHICAGO Nov 13 By fly the Associated Press The Press The market during the week showed considerable improvement which resulted In price advances on fresh butter on fl all the larger markets markta with the exception of Boston where operators at this period of tile the year use large quantities of storage butter Fancy butter was In light supply ansI and demand showed considerable improvement improvement improve improve- ment over tile the previous weel Buyers soon found that supplying their requirements require require- ments mente of fancy butter was a difficult task and dealers sensing the rather tight situation advanced their asking prices At the close of the week all markets were firm and supplies were limited The statistical position of the m markets mar mar- r- r for several weeks has been beell quite favorable but effects of this firm po pool pool- i- i not influence the markets parr perr until this week The receipts at the four markets for the past several weeks have been showing steady dt- dt dines clines and have been running considerably consIderably consider consIder- ably below tIle the receipts of corresponding periods periods' for 1925 Tile The ily da net out of storage movement move move- ment the at four markets for same ome time has been exceeding the last years year's movement movement move move- ment by a large margin During the first eleven days of November No November No- No vember 1926 1026 the the net out of storage movement nt amounted to 54 pounds as compared with pounds BoUnds for forthe forthe the corresponding period last year In spite of tills this very favorable out ol of storage movement the December op op- op ions at Chicago have shown hown very little change advancing only one eighth of a cent since November 1 The storage holdings for the country released on November 12 showed a total on hand November November- 1 amounting to pounds as compared with pounds on November November- 1 1925 This re reduction reduction re- re In surplus holdings since October 1 has been estimated by the majority of the operators and little If any effect upon the market is an an- Production shows little If any change from tile the past several weeks Although reports available for the week ending November 6 shows slight decreases from last week and last year among the ceo cen- while tile the Land o o Lakes creameries cream cream- cries eries show a decrease of from Ia t year but an increase of 18 over the previous week During this week 1150 casks of Sib Sibe nan rian butter arrived at New York and h in being offered at 43 41 cents duty paid Sea New Zealand offered to arrive at 46 cents Danish Dabish offered at 49 cents duty paid and a small amount was purchased at this figure As a result of the price during the week foreign markets mat mar are having a sentimental effect on the he domestic situation as it is possible to butter to advantage at present present pres pres- ent prices