THE LONDON MARKET.

Stratford Evening Post, Volume XXXII, Issue 82, 3 April 1912, Page 4

THE LONDON MARKET.

Writing at the end of February, the “Commercial Record” remarks that the public Press has ceased to write on the. butter question, but, despite all the nonsense written about rings, prices keep up well, and there appeared no chance of any reduction until April. Throughout the world prices remain very high, and those folks who are whining chiefly about the dearness

of butter, are said to have sold short. On the Continent and in Britain feed was, very short, and supplies arc much below the normal. The effects of the drought of last summer are most serious, and the losses to raisers of stock from the dearness of feed, also the great falling off in production, arc deplorable. In Australia very great heat has lately been experienced, and the drought has badly reduced the out•put of butter. Latest cables notify a heavy falling off in shipments, as the Australians have now to look more to their own requirements in view of the deficiency in supplies. Prices in Australia are steadily rising, and the high prices are indicative of the scarcity of butter; while the export business is increasingly difficult to carry on in consequence. Unless there is an early spring in Britain, prices would rule much about the average until May.