THE BUTTER POSITION.

Waikato Times, Volume 114, Issue 19118, 1 December 1933, Page 6

THE BUTTER POSITION.

LACK OF CONFIDENCE. WEAK TRADERS IN A PANIC. LOWER LEVELS LIKELY. NEED FOR REGULATION. United Press Assn.—Elec. Tel. Copyright. (Received Dec. 1, 1.5 p.m.) LONDON, Nov. 30. A partlo among Ithe weak traders responsible for the flood of butter sales In Tooley Street emphasises that nobody has the slightest confidence In the future. It is pointed out that butter has fallen to the low levels of last winter when shipments were lighter than at present. The slightly-increased demand fails to balance heavy arrivals. Multiple Stores, Co-operative Societies and Mass Caterers, who are among the largest purchasers, are holding off in expectation of even lower prices. Importers on the contrary are anxious to clear stocks immediately and make room for further heavy consignments. A well-known company says they are unable to raise the price, and it is up to Australia to regulate shipments. Tooley Street will be delighted if the Australian Export Board’s meeting on December 5 is successful. The market view, however, is that the chances of Australian and New Zealand co-operation are most slender in view of New Zealand's declaration that she will be unable to restrict shipments. Danish butter -continues to command a heavy premium owing to the persistent Nqjth England preference therefor. ’