BUTTER FOR AMERICA

Dominion, Volume 28, Issue 101, 23 January 1935, Page 9

BUTTER FOR AMERICA

Dominion Supplies From London

SPECIAL PROBLEMS Opinion That Importations Should Be Success COUNTRY’S STOCKS LOW By Telegraph.—Press Assn.—Copyright. (Received January 22, 8.15 p.m.) New York, January 21. Experimental shipments of Australian and New Zealand butter have reached New York from London hi the last 10 days, but the marketing has not been satisfactory due to special problems. Members of the Produce Exchange here who are handling the shipments feel, however, that the importations should prove successful provided the market can be caught, with adequate shipments between now and the spring, due to a distinct shortage of the commodity in the United States. Cold storage supplies are the lowest for many years. The major difficulties in making this market of value to Australian and New Zealand producers are that the shortage is seasonal, that quick fluctuations in price can be expected to occur, and that the . time and distance elements tend to make the venture speculative even when the price conditions are good. Good quality butters, ninety proof or better, are at present bringing retail between 33 and 40 cents a pound. DOMINIONS’ MEAT EXPORTS British Policy Attacked LETTER TO “THE TIMES” (“Times” Cable.) Loudon, January 21. “It is tragic that the Ottawa pledge giving the home farmer first pick in the home market has never been implemented,” says Sir Arthur Hazlerigg, in a letter to “The Times” condemning Britain’s allowances to the Dominions for January-to-Mareh meat shipments. “I calculate,” says Sir Arthur, “that the total three months’ restriction will amount to from 120,000 to 140,000 cwt., including the extra Irish supplies, and therefore cattlemen in Britain may as well stop farming and allow the land to become derelict. Australian and New Zealand beef and veal is slightly cut, and that of the other Dominions slightly increased. “Australian and New Zealand cuts are too little to enable Britain further to curtail foreign chilled beef. The only hope is a meat policy similar to the wheat quota whereby a Bill should be introduced stabilising fat-cattle prices at an economic figure enabling breeders and graziers to make a bare living.” QUOTAS AFTER MARCH Discussion to Take Place / — ——• INTERIM REGULATION London, January 21. In view of the return from Geneva tonight of Mr. S. M. Bruce, Australian High Commissioner, Mr. J. 11. Thomas. Dominions Secretary, and Mr. Walter Elliot, Minister of Agriculture, have convened a High Commissioners’ meeting to-morrow to arrange for meat regulation in the interim between the termination of/ the January-March period and the arrival of Mr. J. A. Lyons, Federal Prime Minister, before which long-term decision will be reached.