MARKETING CREAMERY BUTTER. 



23 



at which actual sales of butter of a definite quality are made. Pres- 

 ent quotations are largely estimates and approximations of market 

 Tallies. 



The following reports of the butter markets at Chicago and New 

 York were taken from the sources given and indicate the information 

 which is considered of interest and value to producers and distribu- 

 tors of butter. . It may be well to note that butter prices were at the 

 climax for the season at the time these reports were made, having 

 reached 38 cents at New York and 36^ cents at Chicago. Butter was 

 mostly out of storage and current receipts in ready demand. 

 Lighter buying by the retailers, attributed to curtailed consump- 

 tion due to the current prices, had resulted in an unsettled feeling 

 and slightly lower prices ruled during the following two days. The 

 range between the lower and better grades was the narrowest for 

 the season. The statements which are here presented in italics 

 deserve especial notice. 



New York, Wednesday, March 22, Chicago, Thursday, March 23, 1916 



1916. 



(From Daily Trade Bulletin.) 



(From the Producers' Price-Current.) 



Butter, 





This 

 week. 



Last 

 week. 



Last 

 year. 



Receipts, Monday, pkgs . . 



Receipts, Tuesday 



Receipts, Wednesday 



5,041 

 11,241 

 9,8?4 



5,268 

 12, 658 

 8,819 



4,365 

 11,366 

 8,948 



Total 



26, 176 



"26, 745 24. 679 









The present supply of fresh cream- 

 ery is barely equal to current wants, 

 and the market maintains a firm posi- 

 tion. There is a loss of trade in some 

 directions, due to the advanced retail 

 prices, but receipts from the usual 

 sources of supply are not increasing 

 materially as yet. Another carload of 

 California butter in to-day, but not 

 available at the, present writing. Fur- 

 ther shipments in transit, and this may 

 relieve the situation somewhat. Tran- 

 sactions on 'Change this morning in- 

 cluded seven lots of 25 tubs each, 

 creamery extras, at 384. Open busi- 

 ness was very generally at that price, 

 but the feeling was strong enough 

 to give sellers some advantage, and 

 it did. not always require inspected 

 goods to go at that rate. The higher 



The receipts at Chicago (not in- 

 cluding through shipments) for the 

 days mentioned were as follows : 



Butter. 





This 



week. 



Last 

 week. 



Last 

 year. 



Monday 



Tubs. 

 9,840 

 8,675 

 8,387 

 4,805 



Tubs. 

 8,079 

 6,832 

 7,908 

 4,843 



Tubs. 

 9,794 



Tuesday 



8,927 



Wednesday 



8,366 



Thursday 



5,649 





Total 



31,707 



27, 662 



32, 736 







A steady feeling exists and prices 

 practically unchanged. Neto York toas 

 reported 1</; lower. 



A fair business is being transacted, 

 and as yet the market keeps cleaned 

 up quite closely, although receivers 

 find they are compelled to carry over 

 butter occasionally, as the demand is 

 limited to buyers supplying their 

 immediate wants, and these are 4 .not 

 for any great quantities. Conditions 

 are not just what they were a feiv 

 days ago, when butter was taken up 

 on arrivals and the price was no ob- 

 ject. Now buyers hesitate and figure 

 on what will do them the best, and 



