Tendency Toward Higher Prices--Danish Butter Has Sentimental Effect on
Market.
Butter trading was on a more confident basis during the week ending Oct.
1 and the markets developed a steadier tone as a result of definite
information regarding the quantities of Danish butter expected to be
available in the near future. The persistent rumors of large shipments
which during the previous week were partly responsible for the unsettled
condition were soon quieted, and operators took a more conservative
attitude. There was less pressure to sell and buyers were inclined to
purchase more freely.
Price changes were small, but there was a general tendency toward a
higher level, advances of ¹⁄₂¢ to 1¢ being registered on all markets on
the finer grades of butter. At times the supply of fancy butter was
somewhat in excess of the demand, but any efforts on the part of the
sellers to get prices down were always met with an active buying demand
from distributors and speculators. It was a good, steady market with
holders usually free sellers and buyers taking immediate requirements
readily at current prices.