THE BUTTER MARKET

Gisborne Times, Volume LXV, Issue 10308, 18 January 1927, Page 2

THE BUTTER MARKET

LONDON POSITION REMAINS SATISFACTORY. PRICES MAY MOVE UPWARD. LONDON, Jan. 16. The butter position remains satisfactory, for though business has been quiet during the past few weeks there are indications that buyers will shortly need to replenish their stocks, and in view of the smaller visible supplies from Australia it appears likely that any movement of prices will be upward. A satisfactory feature of the trade is that under-priced butters have been selling well lately, considerable quantities of these having been sold to the Continent. Another good point has been the United States and Canadian demand for best price butters, which has materially assisted in maintaining the prices.—A. and Js.Z. C.A. * CONTROL SYSTEM WORKING SMOOTHLY.

GOOD SPIRIT BETWEEN BOARD AND TOOLEY STREET. WELLINGTON', Jan. 17. Mr. W. Grounds, chairman of the Dairy Board, returned to Wellington to-day after having spent three months in England. Ihe object oi his visit was to be in London when the control system was initiated, and lie told a reporter that when he left the svstem was working smoothly. Tooley Street was working m with the Board, and a good spirit was prevailing between the agency and Tooley Street. In regard to price fixation, Mr. Grounds said that it had been operating up from the beginning of control by the agency. It expressed an opinion as to the market, and in every case when the speaker was present the majority of the trace representatives were in agreement with the producers’ representatives in regard to prices. He considered that the outlook of the market was good-. The coal strike had prejudiced the position, but that was now a thing of the oast. New Zealand’s rivals on the English markets would be the countries of northern Europe, and information available just before Jie left London indicated that Ireland would have her Control Board. The Americans were very pleased with the samples of New Zealand butter, and Mr. Grounds considered that in spite of the tariff the Dominion product would have a market there. —P.A.