THE HOME BUTTER MARKET

Press, Volume LXXIII, Issue 22167, 10 August 1937, Page 16

THE HOME BUTTER MARKET

TO THE EDITOR OT THE PRESS Sir,—As the final winding up of the season’s butter appears in sight, the weekly statement of the Reserve Bank’s dairy account is of interest. It certainly appears as if not much big business has been done for some time. The account has been between £4,000,000 and £5,000,000 for several weeks. What has become of the continuity of supply on to the Home market of 9000 tons monthly? Has it gone out of existence? Did it automatically cease once the merchants and speculators had their requirements, and are they (including the New Zealand Government) all sitting tight and waiting fee the rise? If this is so, it is no wonder the London merchants like our method of marketing. Would this come under the heading of "delicate negotiations” mentioned by Sir Francis lYazer? Lack of publicity might cause wrong conclusions. It is also reported that New Zealand butter has equalled Danish in price at 120s. Is this in the way ot big business or for only a small parcel? If the latter, why not make it 130s; it would look better, if only for appearance or moral effect. If we are to live in a fool’s paradise we might as well do it on a big scale.—Yours, etc., H BLISS Heathcote, August 9, 1937.