GLUT IN BUTTER SUPPLIES

Timaru Herald, Volume CXXXVII, Issue 19450, 27 March 1933, Page 7

GLUT IN BUTTER SUPPLIES

LONDON’S APPEAL TO NEW ZEALAND

PROMPT ACTION TO AVOID CHAOTIC MARKET Unit ‘d Press Association—By Electric Telegraph—Copyright (Received March 26, 6.30 p.m.) LONDON, March 25. Strong representations are being made to hasten butter restriction before the market is made chaotic. The trade ridicules the New Zealand hope of an outlet in Germany, where all ports are closed to butter to the end of next November. It Is emphasised that the Continent is already accelerating delivery to Britain, and it will take months to clear accumulations. If the decision is delayed till May, Toolley Street estimates the delay will cost New Zealand dairymen £50,000 weekly. It believes that had quotas been Introduced, Dominion butter would now have been between 90/- and 100/-. Instead, the delay has depressed the price to 80/-. HOLD UP IN CANADA. LARGE CONSIGNMENT SENT INTO STORAGE. United Press Association —By Electric Tel egraph—Copyright (Received March 26, 6.30 p.m.) VANCOUVER, March 25. Sixty-nine hundred boxes of New Zealand butter, unloaded from the Niagara, have been placed in storage here, upon orders from Ottawa. The butter must be held for thirty days. Importers are urging the Government to release part of the cargo purchased direct from New Zealand. Six hundred boxes were unloaded at Victoria before the order was received and escaped stoppage.