DAIRY PRODUCE.

Thames Star, Volume LVII, Issue 15679, 4 October 1922, Page 8

DAIRY PRODUCE.

REVIEW OF THE TRADE. In Weddel’s annual review of the imported dairy produce trade, the following passage appears“ From a chronicler’s point of view, the first complete year of trading in butter and cheese since 1917 was jjferhaps the most interesting period in the recent history of the industry; but for producers and traders, it was a time of worry and anxiety.' Events of faf-reaching importance followed upon each other with disconcerting (swiftness; the markets responded with violent movements to unusual , and diverse influences; and a feeling of nervousness prevailed, even when no apparent cause was discernible. Drought, industrial depression, 'Cqntinental exchange fluctuations, strife in Ireland, irresponsible handling of Government stocks, rapid changes in consumptive demand, foreign buying, delays in discharge of steamers, attempts at artificial control by large New Zealand holders — all in turn contributed to aggravate the chaotic condition of the markets during the past year. The withdrawal of Government regulation seemed to leave traders with no ordinary standards by which to measure their operations, and the result was what ought to have been ordinary fluctuations on the basis of actual supply find demand were transformed into ‘booms’ or ‘slumps,’ with, in some cases, disastrous consequences.”