BUTTER IN LONDON.

Bay of Plenty Times, Volume LVIII, Issue 10359, 23 April 1930, Page 1

BUTTER IN LONDON.

LOW PRICES HELP SALES. London, April 19 The lower retail prices for New Zealand and Australian butter (1/2 to 1/4 a lb) now * ruling: all over Britain have bad the effect of materially increasing consumption and have brought about a better tone. The wholesale market this week has shown a recovery of a shilling or two - from last week's depressed level. It is hoped that consumption will continue to expand, but/he statist* cal position dqes no appear to be promising. Stocks In cold storage in London have been -steadily accumu- - fating for some time past. It is estimated now that the amount is about 16.500 tons without the stocks in pri vate stores. In adldtlon to this large quantity in England, the cold-stored stocks in New Zealand at the end of Match were 14,500 tons, so that -although' the quantities afloat from Ausralia are less than a year ago, there is a prospect of heavy supplies for some time. In these circumstances importers are by no means optimistic about the future. The cheese position is more hopeful, with gooa demand. Prices have ■ recovered about 4s a cwt, and with the approach of summer consumption may be expected to improve.