HOME MARKETS

Evening Post, Volume CXIII, Issue 62, 15 March 1927, Page 10

HOME MARKETS

THE POSITION TO-DAY

(By Telegraph.) (Special to "The Evening Post") AUCKLAND, This Day. The need for economy was stressed by Sir Thomas Mackenzie in an address to the Eotary Club yesterday in a review of the markets for New Zealand's produce. "The buttej question is too ticklish to deal with in existing circumstances," he said. "As far as the lamb and mutton trade is concerned, we are on a splendid footing with the Old Country, and the farmer is getting full value for all he sells. Beef is stagnant largely owing to'the great increase in South American trade. Armour jb, Swift's, and Vestey's have now patched up thoir quarrels, and I consider they will now endeavour to collect some of tho many millions they have lost through competition, and will probably Taise their prices, which will allow us to once more secure a profitable share of Britain's meat imports. "One aspect of tho butter trado struck me in. England, and that was tho enormous amount of trade which the Danes havo secured with Britain I and the higher prices they got for their produce. Their butter is not equal ,to ours, and there is not a man in the trade that will say it is. Although it is wrong for me to suggest that the people in the Old Country should put a tariff on foreign butter, I think that if they did they would get as good butter, and we would get tho trade, instead of it going elsewhere."