THE BUTTER MARKET

Evening Post, Volume CII, Issue 152, 24 December 1921, Page 7

THE BUTTER MARKET

AN EXTRAORDINARY POSITION

STEADY DECLINE IN PRICES.

'UNITED PRBS3 ASSOCIATION.—COPIRIGKr.i

(AUSTRALIAN - XHW KHALAB3 CA*l» ASSOCIATION.) LONDON, 23rd December.

The butter market is in an extraordinary position. Although large quantities are being sold, prices steadily decline, and quotations- are very irregular. Best Victorian salted is quoted at • 116s to 120s, unsalted at 128s, to 1325, and best New Zealand at about 140s. 'The Government prices are unaltered, but quite nominal. The principal retailers have arranged next week's .prices for New Zealand butter at 18d, and Australian 16d.

Negotiations are proceeding between several of • the leading importers, Tooley-street, and the Australian and New Zealand High Commissioners and Agents-General to improve the position, and also to persuade the British Govern ment not to accept an offei by a private firm. This firm is not connected with the butter trade,, but previously bought large Government stocks of boots, linen, etc. It is understood that Tooley-street has offered to purchase the whole of tho British Goverment's stocks at 100s per cwt for New Zealand, and 84s for Australian, on condition that Australia and New Zealand should only ship 50 per cent, of their production during the next three months.

Cheese is very dull. Best coloured New. Zealand is quoted at 88s to 945, and white at 90s to 945.