BUTTER SLUMP
ON BRITISH -MARKET.
(United Press Association—By Electric Telegraph.—Copyright.)
LONDON, April 20
“There is no foundation for pessimistic views regarding the future of Australian dairying,” said Mr Mears .Director of the Empire Dairies, when interviewed. “The main factors responsible for the lower range of values this season are an exceptionally mild winter in Britain and on the Continent.” He considers there is no justification for the recent collapse of the prices. This, he say's, is largely due to a multiplicity of sellers. If sales had been confined to six or eight sound firms, the values could have been held at 140/- per cent. Immediately after his arrival, he withdrew a large quantity of butter from the 120/- market. This had a due influence on buying which was now brisk , Australian at 135/-, find New Zealand at 138/- per cent. He estimated that the dairy 'farmers in Australia, had lost tin’s season at least £IOO,OOO through lack of concentrated selling.
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Hokitika Guardian, 28 April 1930, Page 5
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160BUTTER SLUMP Hokitika Guardian, 28 April 1930, Page 5
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