AUCKLAND AGENTS ACTIVE

Stratford Evening Post, Issue 36, 18 June 1927, Page 8

AUCKLAND AGENTS ACTIVE

*tiQr^ — *'" ' "" OFFERS MADE FOR BUTTER EFFECT OF CHANGE OF POLICY. Per Press Association. AUCKLAND, Friday. In spite of the lower nrico in .London the merchants are offering the factories as much as Is -Jid F.O.JL per pound for I)uliter. Yesterday the price was Is -lei, and a week ago it was Is &{d. The position ia'explained by the attitude of the trade towards the Control Board's policy. Until yesterday the board controlled the output of practically the whole of New Zealand's butter, London buyers were unable to buy on a 1.0. b basis, unless they were prepared to let the business go through the board and its agents. Yesterday the board reversed the policy to which so much resentment had been shown as from May 1 last, and business in this connection is unrestricted-

The directors of an Auckland factory bold a meeting yesterday and authorised the sale of its present [stocks at Is -id per lb. Shortly after | one o'clock yesterday the local agent of a London firm,* who would pro- ! bably have secured the business in I any'case, heard that the control had' been lifted and promptly telephoned the factory his- advice to stick out for another half penny. Today that half penny is forthcoming, the present 1.0. b! value being Is <L}d. Tins is equivalent to 172 s f.o-b., and this in spite of the fact that London values are only 1.615, the board having found it necessary to reduce prices by 6s per ewt. less than. at week ago. To a reporter, a local exporter gave a graphic description of the mariner in'which the position changed "You could feel it coming, ho said. "During yesterday morning I. received several inquiries from various sources and when the news came through announcing the abolition of control the market assumed a definitely buoyant tone, before, there was no market—now there is one in which keen compete turn is already being shown tor the balance of the season's output. "Of course," he added, "the movement has come too late to IMvo ftne full measure of benefit to the New Zealand producers. The bulk o the season's produce has already been shipped and its marketing vijl remain in the bands of the board. Not till next season will the lull effect of the change of policy be felt. ___»_