SMALLER PRICES.

Hawera Star, Volume XLVI, 30 September 1926, Page 5

SMALLER PRICES.

PRODUCERS WOULD HAVE TO GET USED TO THEM. (by tri-kora m—panes association.) CHRISTCHURCH, Sept. 29. At the annual meeting of shareholders! of the Canterbury Central Cooperative Dairy Company this morning. the chairman (Mr H. T. Chapman) told those suppliers who were present that it appeared as though they would have to get used to lower prices, i He further stated that the shipping strike ffad held up supplies here, and as soon as our butter landed in the Old Country another strike at that end happened along. The consequence of this was that butter in December, 1925, was 26s per cwt lower than for the same month in the previous year. Unless there was cj big improvement, the pay-out for the coming season must he a good deal smaller than usual. Regarding stocks at Home, the. directors - were up against a. difficult problem in knowing what was -the best thing to do with it. It was just a question of what was going to happen in the London market. As to prospects for the coming season, the Dairy Control. Board had taken charge of exports as from September 1, and the prices they had agreed' to pay were Is 3d for finest grade. Is' 2ld' for first grade, and Is IJd for second grade. The day. for the time being, at all events, of high prices appeared to have gone, and there w r a» no doubt they would have to get used to smaller prices.

Tn reply to a- Question, the chairman said the Dairy Control Board would not affect local sales, which would' still be controlled by the factories.