RISE IN PRICE

Waikato Times, Volume 119, Issue 19894, 25 May 1936, Page 5

RISE IN PRICE

INEW ZEALAND BUTTER. ‘ ACTIVITY OF THE MARKET. I A SCRAMBLE FOR SUPPLIES. } United Press Assn—Else. Tel. Copyright ; LONDON. May 23. 1 Better news for New Zealand and} Australia is the sustained activity tori the butter market the most favour—i able feature of which is the strong‘ forward position. The rapid declinei or New Zealand and Australian grad—inzs is the principal reason [or the. "hullishness." i Another factor is backward productionthrourhout Europe. on account. of the cold spring. Most buyers have boon running on light Stocks‘ The rise in prices has resulted in a scramble for supplies, which are inadequate to meet «he demand. Some Tooley Street merchants. however. are wondering whether the appreciation is not too steep and and sudden. it the retail price of Empire butters rises above one shilling a ll). consumption is likely to suffer. Cold-store stocks are beginning to increase and the May. June and July total of arrival: is likely to exceed consumption by approximately 1000 tons a week. It is doubtful whether the trade can absorb the surplus. ex~ cept at a price which would yield :2 good margin of profit it“ retailed at one shilling. Cheese continues firm. though it i: overshadowed by butter. A further appreciation is expecirri in the near future. Canadian production is backward and there is little oflerlng.