BUYERS ACTIVE

Pahiatua Herald, Volume XXXVIII, Issue 11472, 17 June 1930, Page 7

BUYERS ACTIVE

THE BUTTER MARKET A WELCOME CHANGE. United Press Assn—By Electric Telegraph—Copyright. LONDON, June 14. A welcome change has come over the butter market since the Whitsun holidays and during the last few days buyers have been more acive than for a long time past. Mr Charles Wilson, a member of the Australian Dairy Produce Board, has returned to London after a two months’ tour of the Continent and the industrial centres of Great Britain investigating the position of the butter factory. Interviewed by the Australian Press, he said he gathered the impression that the Continental countries had increased their herds largely, especially Germany. During his visit to the North of England he found all the multiple shops selling Danish and New Zealand and a limited quantity of Australian fifteen pence per pound without any .strong demand. Reviewing the position in London today, Mr Wilson estimated that the visible stocks in Great Britain exceeded a million boxes, but thought that the market had now touched bottom. Blenders and multiple shops were now operating freely, apparently thinking it desirable to provide for their autumn and winter requirements while the prices are moderate. Their operations had raised the prices of choicest New Zealand butter to 134 s and Australian to 131 s. These operations, of course, would only mean the transfer of stocks in cold store from the wholesale to the multiple shops and blenders, and unless this butter was consumed before the end of the season, its presence here will influence the values of the new season’s make.