A SIGNIFICANT REPORT.

Wairarapa Age, Volume XXXII, Issue 9661, 27 November 1909, Page 4

A SIGNIFICANT REPORT.

The latest advices from Home are no very reassuring in regard to the prospects for New Zealand butter. From one "authoritative source the fact is gleaned that the limitation of labour in the mines in England to eight hours a day, and the decreased wages which are conscquen'ly being earned, is seriously affecting the provision trades, the demand being chiefly on the lower-priced goods. The Australian output is being almost doubled on that of last year, and this in a season when winter production on the Continent is at a fair level. Remarking on the fact that few New Zealand factories have sold, the London "Grocer" says that business in New Zealand butter can now be dene "at 104s to 106s, but there are no buyers. It is stated that the quicker the pricej of butter come down the better for those engaged in the trade." This obviously suggests the advantage of New Zealand butter, being held in strong hands during certain seasons; though it cuts two ways. When butter was at 150s few Mew Zealand factories benefited by the fact, because the butter was held by speculators, and though these held up the market, it was mainly to their own advantage.