STILL DEPRESSED

Hawera Star, Volume XLVI, 22 November 1926, Page 5

STILL DEPRESSED

THE BUTTER MARKET. COAL STRIKE BLAMED LITTLE N.Z. PRODUCE SOLD. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. Received 10.10 a.m. to-day. LONDON, Nov. 21. The butter trade continues to be most depressed. One of the biggest importers s&yis ho cannot recall such, .stagnation in November, which is usually a busy month. He .says that undoubtedly the .industrial depression due to the coal strike is largely responsible for the lack afi demand, but retailers seem to be keeping off colonial butter in the hope that there will be a, drastic reduction in prices. He adds: “Thev are steadily refusing to buy New Zealand butter at control prices and sales of new 'arrivals have been almost negligible. There lias certainly been fair 7:ales of new Australian butters and stored New Zealand at about 140 s, at which mice it is impossible to make a small nrofft at the new retail price of Is sd. per lb.” Finally, the importer says: lhere is no diminuition of the huge stored stocks for as old New Zealand butter is taken out. the newly-arrived goes in Indeed at the nresent- cool .storage proprietors seem to lie the only people making nnv money out of butter.