"TOUCHED BOTTOM"

Evening Post, Volume CXII, Issue 11, 13 July 1931, Page 8

"TOUCHED BOTTOM"

DAIRY PRODUCE PRICES

THE MENAGE OF RUSSIA

' The opinion that the future trend of the dairy produce markets will be upward is advanced in a letter received in Turtinaki by the last English Mail from Sir Thomas Clement, who, in dealing w-ith the general situation, emphasises the menace to the Empire oV the Soviet Vive Year Plan, • . , ' ;

"The .1030-31 dairy produce season has been.a great disappointment to nil engaged in it," states the letter; :"Sp"mo people lire of tho opinion that we have not yet seen tho worst, but I. cannot agree with lhi>i view. 'I think we;hat-is touched bottom, mid thitt tho future of our Viiarkcts will bu upwiu'd, possibly'''slow, but still upward. Thu accumulation of stocks, of all agricultural produce seems to be gradually dissolving, and 11111033 some sibuormal weather conditions develop X believe that supply and demand arc now'fairly well balanced. I believe that not only in Britain, but also- all over Europe, tho consumption of dairy produce.is expanding. "There is one point I want to cinphas j. sc _lho direct menace not only to Britain,, but also to tho whob Empire of the Kussiau five-year massed production plan winch,.-if successful, means the wiping out of all economic laws, not only in Kussia, but also, wherever Kussian- goods are dumped.', I hope our New Zealand friends realise the clanger>.to gutter, bacon, wheat, and all agricultural "products, and that if this dumping is;.permitted it; will mean a lower-standard andrlower:prices of agricultural .lifodiicts throughput, .the,