BUTTER MARKET

Hokitika Guardian, 1 December 1925, Page 4

BUTTER MARKET

SLUMP A XT'!(.'l I’ATKI). Wellington, s»v. ■■ ir. Those interested in till' lint tor trail'.' re hemming anxious, as tin* position is gradually tending towards ;i serious •‘■lump owing to tile shipping delays caused by 11/* seamen's strike. .All regularity of sliipinenls bad to be abandoned, with the result that during the month of January l-I.CI!() tons of Now-Zealand butter will bp landed in Ibe t'nited Kingdom. This is fully ."0 per cent- more than was landed in January of this year, and represents about 2!) per cent of the total export. Australian butter will also lie reaching tl'.e terminal market in January, and tliis unusually heavy weight must depress the market. The arrivals in ' December will be etptal to the average, so that prices are not likely to be higher than they are now during the rest of the year, but in January a slump must follow unless some efforts are made to regulate supplies going on the market. Many are wondering what the Control Board intends doing in the matter. but as the members of the Board are anxious to introduce compulsory control and a .-lump in January would rather help their scheme, it is not thought that the Board will be very keen to do any Iking towards minimising the effects of the flooding ol the market with butler. The matter, of course. Is not to be allowed to remain as it is. The Free Marketing Association met here to-day and it is believed that a line of action has K*en decided ii|k>ii and the London agents are to Ik* requested to nssi.-t in bolding up the market and to obtain the assistance of the .London agency of the Dairy Control Board in furtherance of the scheme.