BUTTER AND CHEESE.

Taranaki Daily News, 19 August 1922, Page 4

BUTTER AND CHEESE.

FIXING LONDON PRICES. ACTION BYi TOOLEY STREET.

(By Wire—Parliamentary Reporter.) Wellington, Last Night. The Prime Minister stated in the House the other day that he had been told the butter market in London was controlled by a committee of Tooley Street merchants, who met daily and fixed a price. This matter was mentioned to-day by Mr. T. M. Wilford (Hutt), who said he had received some information from the managing director of the Angro-Con-tinental Produce Company. This gentleman, who happened to be in New Zealand, had spent twenty-four years in Tooley Street, and he stated that no such committee existed or ever existed. The only committee that ever existed was an advisory board of six members of the trade. “He assures me that there has been no control of the market,” said Mr. Wilford, who asked for the source of the Prime Minister’s information. Mr. Massey replied that he was not bound to state publicly where his information had come from. It had come from a gentleman who had been connected with the trade for the last twenty-five years, and who was well known in Wellington. “I am quite sure that if I did give the source of my information people would agree that I have quite enough to go upon,” said the Prime Minister. “I know all about that gentleman who was here; he forwarded a communication to me.”

Mr. J. A. Young (Waikato): “His statement- was only bluff, pure bluff.” LATEST LONDON PRICES. By Telegraph.—Press Assn.—Copyright. Received Aug. 18, 5.5 p.m. London, August 17. The butter market is firmer, owing to supplies decreasing. New Zealand choicest salted U quoted at 204 s to 206 s and Australian 198 s to 200 s. Unsalted is very scarce at about 10s premium. The cheese market is firm. New Zealand white is worth 92s and colored 86s. MARKETS IMPROVING. Mr. Geo. H. Buckeridge, of Hawera, has received the following cable message from Messrs. Lane and Co., London: ‘New Zealand cheese market is steadily improving. Prices 84s to 88s. New Zealand butter market firm. Prices 200 s to 2045.”