RUSSIAN BUTTER

Southland Times, Issue 22009, 8 May 1933, Page 7

RUSSIAN BUTTER

ENGLISH SHIPMENTS ARRIVAL ON GLUTTED MARKET REDUCED QUOTATIONS (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, May 6. Notwithstanding the embargo on Russian imports 225 tons of Siberian butter is being discharged at Hay’s wharf. Apparently this is permitted because it was shipped before the embargo. The Daily Express says that this will be thrown on a market already glutted with Danish, Dutch, Swedish and South American butter, and will be quoted on the London provisions exchange at 62/- per cwt. Empire butter sold yesterday at 70/- to 74/-. One ship also brought 72,000 head of poultry, principally imports of co-op-erative societies whose secretary says that the goods were all paid for before the embargo. The Daily Telegraph draws attention to the extent of Empire cargoes carried in foreign ships and intentions a list of 66 voyages in 1932 by foreign flag tonnage from Dominion ports to the United Kingdom. Of these 43 were from Australia, 11 from South Africa, 8 from Canada and the balance from the West Indies. This represents only a small portion of the traffic, as shippers who charter foreign vessels are not anxious to advertise the fact. Freight charges going thus into foreign pockets must represent a large sum. The remedy is the closing of the inter-Empire freight passenger market to all nations which will exclude our ships from their coastwise trade.