"CONTROLLED” BUTTER

New Zealand Times, Volume LIII, Issue 12611, 23 November 1926, Page 7

"CONTROLLED” BUTTER

SALES ALMOST NEGLIGIBLE! NO DIMINUTION OF STORED STOCKS GLOOMY OUTLOOK By Telegraph.—Press Assn.—Copyright. Australian and NZ. Cable Association. LONDON, November 21. The butter trade continues to be most depressed. One of the biggest importers says he cannot recall such stagnation in November, which is usually a busy month. He says that undoubtedly the industrial depression due to the coal strike is largely responsible for the lack of demand, but retailers seem to be keeping off colonial butter in the hope that there will be a drastic reduction in prices. He adds that they are steadily refusing to buy New Zealand butter at control prices, and the sales of pew arrivals have been almost negligible. There certainly have been fair sales of new Australian butters, and stored New Zealand butter at about 140 s, at which price it is possible to make a small profit at the new retail price of Is 5d lb.

Finally, the importer says:—"There is no diminution of the huge stored stocks, for as the* old New Zealand butter is taken out the newly arrived goes in. Indeed, at present, the cool storage proprietors seem to be the only people making any money out of butter.”