CONTROL BLAMED

Poverty Bay Herald, Volume LIII, Issue 16364, 11 June 1927, Page 5

CONTROL BLAMED

WEAK BUTTER MARKET PRICE DROPS 4/(Special to the Herald.) AUCKLAND, this day. The markets for both New Zealand butter and cheese are weaker, according to private cabled advice received mi Auckland from London yesterday. The decline in the price of butter is 4s per cwt., compared with rates current. 10 days ago, and the price of i heese has fallen from 4s to 6s per cwt. on the same comparison. According to the report buyers have withdrawn, resenting the policy of the Dairy Control Board in withholding stocks. Messrs Dalgety and Co. have received the following cablegram from their London house dated yesterday: "The butter market is quiet. Finest New Zealand butter is selling at 102 s to Ki4s per cwt.; Danish, ICCs; finest Australian, salted, 102 sto ]G4s, finest Australian, unsalted, 168 s. The cheese market is dull. New Zealand colored iys selling at 83s to Bos, New Zealand white S2s to 84s; Canadian e.i.f., S4s to 85s. Mr. W. Grounds, chairman of ihe. Dairy Produce Board, declined to comment on the statement that the dairy market was weak because buyers had withdrawn, resenting the tactics of the board in withholding stocks. "We know that the market for both butter and cheese has weakened during the past week," Mr. Grounds said. "However, I have received advice that "both markets arc now firming after tho weakening tendene v."