AUSTRALIAN MARKETS

Evening Star, Issue 18852, 29 January 1925, Page 5

AUSTRALIAN MARKETS

STABILISING- PRIMARY PRODUCTS

Press Association-- -By Telegraph—Copyright, Australian and N.Z. Press Association.

MELBOURNE, January 29. (Received January 29, at 10,55 a.m.) A scheme for stabilising the Commonwealth markets for blitter and cheese by means of a. voluntary levy on produce! r. and (he payment from (lie fund tons created of a, bounty on. all butter and cheese exported was adopted by a conference representing the interstate producers’ organisations. The secretary to the conference explained that the prices _ and conditions which were at present ruling were causing unrest. Thousands of men engaged in the industry were striving to get out of_ 'L and any attempt to increase the prices within Australia would arouse opposition from the consumers. This _ was not a scheme for inflating the prices beyond what was fair and reasonable, but to provide the fanner with a fair living wage. The proposals was that the farmers should pay in the first instance a levy of Id per pound, the money to foe used for the payment of the bounty of 3d per pound on the butter exported.

WHEAT AND FREIGHTS,

SYDNEY, January 29

(Received January 29, at 10.45 a.m.)

Shippers of wheat are finding that the rise in price is being count rebalanced to a certain extent by the recent rapid advance in sea freights. At the end of December charters to load wheat nt Australian ports were arranger] at the rate of 48s per ton. On Tuesday last charters for March loading were fixed nt 55s 9d and 55s per ton. With the rates ruling, it is a subject of much comment in wheat circles that the vessels lying idle in Australian ports are not being commissioned.