BUTTER POSITION.

Hawera Star, Volume XLVI, 12 May 1927, Page 7

BUTTER POSITION.

THE REVISED POLICY

REFLEX IN AMERICA

The seriousness oi tae blitter and cheese position in New Zealand, and the drastic change ol marKetiiig pones uecicieu on by tile Dairy J'.xpoi t Coptrol Hoard oi New Zealand, are having their ret lex in the United States. .V. strong oemund has arisen m the Press in the \\ est for higher protection against foreign butter. Notwithstanding the tariff t>f Gd per ib on imported butter, the United estates Bureau of Agricultural Economics, in its report lor the week ended pjth Alarch, reported extreme weakness in the butter market, lor which arrivals and offerings of foreign butter were the immediate cause The report, states: — “The siiarp break at New York at i3th March followed the lower loieign offering's of finest New Zealand butter at Is bid to Is ojd. As the domestic prices declined, asking prices on foreign butter were reduced, and, at the ciose of the week, finest New Zealand butter was offered at Is 4§d for prompt shipment from London. A\e Hear that there has been some new buying at these prices.” n The “Spokane Spokesman-Review, an influental organ of ’ the “inland “empire” of the North-western States, thus comments . “If New Zealand butter can bear the long transportation charges To London, and finding the market glutted there, stand refreshment across the Atlantic from Europe, to compete with the American producers against 12 cent (6d) tariff, what would happen to the dairy industry of this country if it had no protection at all? What would happen to the graingrowers if the dairymen were put out of business and quit buying grain and other feed for their dairy herds? The dairymen have figured it out, and know what they want. They want more protection.” A week after the events dealt with here, further shipments of butter, arriving at New York direct from New Zealand, as well as via, London, caused a tempering of the firmness ol the New York market. Subsequent advices showed that a cargo of 57,000 boxes arrived at New York from New Zealand, but that it was believed that only about 5000 boxes of this shipment was for landing in the United States.