THE DOMINION'S TRADE.

Lyttelton Times, Volume CXVIII, Issue 18439, 19 June 1920, Page 12

THE DOMINION'S TRADE.

THE- PRICE OF TEA. | An emphatio denial wag given by a repre. of the Farmers' Union Trading! ijpcmpany to tho statement that there is no {likelihood of a reduotion in tho price of lligh-grade teas, says tho Auckland " Star." Ht was explained that in tho early part oi Ofieixru&i}^—<iho month in which, as on* looM

importer ha-s stated, " tho Iftaf is at ifn best" tho price of tea reached its highest point. Stocks were bought at that period by many firms in the expectation that the market, would go still higher, but towards the end of February, while good quality teas were still being' offered in Ceylon, prices feii. Ihe Farmers' Union Trading Company bought about this timo supplies which recently landed in Auckland, and therefore are able to advertise a reduction of sixpence per pound. It has been suggested that onW common Java" and other inferior teas can be sold just now at reduced prices. While it 1. true that in Colombo only the poorer ?£^ t T a T B at this "Hon being 0 S little on' &&%$& £ «J" « •*itt? fcSS^tf T repacking house X? fro . ra x, a lar P tea. for all erne A u l. Colom ho:-"Keen demand tions up S.4 B c en fsT yOllO intcrosted - QuotawSd in the Price of butter had h 7, announ <*d that the f per pouXX, b o n is ln 9d ea3 A $?"»¥ 5 sir ixi^aw h - ~ October. nß<> W,U tßke P)»co until THE BUTTER*CONTRACT . Sm I B ' «urpl„ 8 P of butter froJ^V 07 *5 e , el P° rtab,e March 81 1001 I m ew Zealand until contacts ' S? MoL^ Blmikr *° P re ""« 9 the price of butter unA j* _ "econwoi that t1,0,r w t* n d . " now appeared that they had reached a decision not to decontrol prices. To do this the British Gov wmen meant that the commandeer would continue as long as control lasted, and promarket. Mr Morton anticipated that New Zealand butter would be sold for 8s dm P° u ° d » England and 2s 3d per pound would be netted to dairy factories. rKWg the local market, & Morton saidiTt Mr Massey had given on assurance that producers would receive a price equal to oxport value of their produce, which in this case would be about 2s Bd.