THE PRICE OF BUTTER.

Stratford Evening Post, Volume XXVII, Issue 68, 20 July 1915, Page 5

THE PRICE OF BUTTER.

A WELLINGTON REPORT. Per Press association. Wellington. July J 9. Since the latest advance in the price of flutter, factories, so leading grocers state, are supplying only one grade instead of three as formerly, and this one grade is the first, sold wholesale at Is 7id and retail at Is <)d per lb. “What has happened to the other grades V’ onp grocer was asked. “They say they have none left,” was the reply. There is no compulsory grading of butter tor thg local market.

Experts are predicting that the price of butter will fall within the next three or four weeks, owing to the rapid increase of the output as the factories open for the new season. hut no fall is yet reported on the local market. The price stands still at Is fid per lb. Retail reports from the countrv indicate that there

is a tendency still on the part of the factories to turn to the production of cheese, which is highly profitable at tlio prices now ruling on the Homo maket. and which are likely to rule until the armies are demobilised. The Government had its .attention drawn to a report that a consignment of New Zealand butter, returned from London, is going into bond, preparatory to being re-exported to Australia. Apparently the regulation prohibiting the export of butter, except by consent of the Minister of Customs. does not cover this operation. | Butter, or any other article held in

( bond, is not in the dominion Irom j.the point of view of the Customs IVpartment, and there does not appear

to be anything to prevent the merchants from sending this much-tra-velled consignment to Australia, where the prices are higher than in New Zealand.