TEMPORARY CHOICE

Dominion, Volume 28, Issue 100, 22 January 1935, Page 9

TEMPORARY CHOICE

View of Beef Subsidy in! Britain TARIFFS ADVOCATED London, January 20. The “Observer,” declaring that the beef subsidy is the temporary choice of a lesser evil which will never form the foundation of a safe policy, considers that every effort should be made to escape from the tangle of quotas and subsidies, when the Ottawa Agreement expires, enabling Home protection and Imperial preference based on simple tariffs openly applicable both to agriculture and industry. IMPROVEMENT NOTED Butter Position in Britain EGG MARKET COLLAPSE London, January 20. The butter position is showing signs of improvement, for though arrivals from Australia and New Zealand continue large there has been a considerable shrinkage from the Continent, largely owing to Germany buying heavily, with the result that the total imports for December amounted to 707JX13 cwt., compared with 847.060 cwt. last December. - The consumptive demand continues excellent, and cold-stored stocks are now only a little over 500.000 boxes—a very material reduction compared with a few weeks ago. Another good feature is the report that the United States will require to import considerable quantities. Only small purchases have been made here yet,'■’but the fact that inquiries are being made is regarded as a “bull” factor. 3 With the return of mild weather, the egg market again collapsed, and Australian eggs were very difficult to sell, even at. the terribly low price at which they were offered. Cold stores here are crammed with eggs from all sources, for the imports for December reached the colossal figure of 1.820.4u8 long hundreds, and buyers are only operating for immediate requirements in tne expectation that prices will go still lower.