PRICE OF BUTTER

Poverty Bay Herald, Volume LII, Issue 17152, 30 September 1926, Page 7

PRICE OF BUTTER

INCREASE NOT LIKELY PROBLEM FOR FACTORIES (Special to the Herald.) CHRISTCHURCH, this day. ' At the annual meeting of shareholders in.the Canterbury Central Co-operative Dairy Co. to-day, 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. He further stated that the shipping strike had held up supplies here, and as soon as the batter landed in the Old Country another strike at that end happened! along. The consequence of this was that butter in December was 26s per cwt. lower than for the «ime month in the previous year. Unless there was a big improvement the pay-out for the coming season must be 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 them. 1 It was just- a question of what was going to happen on the London market. As to the prospects for -the coming season, the Dairy Control Board had taken charge of .he exports as from September 1, and the prices they had agreed to pay were Is 3d for finest grade, Is for first grade, and Is lid for second! grade. The day, for the time being, of high prices appeared to have gone, and there was no doubt that they would have to get fused to smaller prices. ,In reply to a question, the chairman Raid that the Dairv Control Board would not affect local sales, which would still be controlled bv the factories.