BUTTER HOLD-UP.

Star (Christchurch), Issue 17536, 13 May 1925, Page 11

BUTTER HOLD-UP.

IS NEW ZEALAND TRYING TO FORCE TRICE? PLAIN WORDS IN ENGLAND. By Telegriph Press Associuilou Copyright Sydney ‘ Sun “ Cable. (Received Mnj J. 3. 1.30 p.m.) LONDON. Ainy 12. Ii i.*> .stilted that (he recent increase in the price of butter by a penny to Is Del a pound was an attempt by wholesale interests to lessen, the public demand and thus force Ihe Australian and N>w Zealand, but particularly the New Zealand producers Io release stocks. H is csU'mated that New Zealand is bolding half a million cases in the hope of obtaining higher prices. Wholesale dealers threaten a further nre in price if the butter is nut released in ;i week. Meanwhile, in view of the appjL'oai-hing influx of butter from I'u.rope. Argentina. Siberia, and Iceland and other countries, holders instead ol obtaining increased prices mav be forced to accept reducfions. Although opin ion > in (he Australian :ind New Zealand offices in London differ according to the. policies they hare adopted, a prominent Australian co-operai ivc official says that Australinns and New Zealanders cannot hope to dominate the English market. .Domination by Australia and New Zealand where there arc big co-operative companies aided by protection of a sympathetic Government, may perhaps be feasible, bni, tv ill be ulterlv ineffective "ben dealimr with a. free trade eountry. an antipathetic torenimenf. a population of fifty million... and consumers who arc suffering from an industrial slump.