SELL OR CONSIGN?

Dominion, Volume 1, Issue 209, 28 May 1908, Page 3

SELL OR CONSIGN?

A' REVIEW OF THE PAST YEAR. : A rather-interesting annual report is issued , . for/the (National -Dairy '■ Association of- the'. - South r'lslaiid';.by,V.the secretory,; Jlr.. J. R. Scott. Concerning 'the business ■ part of tho year's operations, ho,says■ '' "Tie past season'-has been a peculiar one m ; many respects. In August and September there was -not ,that ieenness on', the 'part' of buyers ' ;that; prevailed:.irij the , season' Some; ~.-. butfc.iiactoriessold at \-10d. to 10} d. for' Jto end) of; March, but-a; large number. : .deciMiito'Ccphsign^Knally;lO-Jd. 'was :: paid,; and .in Noyember more was offered, as it was then, apparent the dry 'weather .-in; Australia - would curtail tho output there. In December ~ and:up to. February, the Londdn market grew s^i'ouger,' , and ■ finally ' in, February: tho -. excitementculminated" iii < up : t0:'1545..' per'Xcwt.' ' beinw paid for.jNew: Zealand .butter landed ex. lonic. ' This .state of, mattors . was -only, of .a' few. days', duration, and butter fdll :305.: per ewt. in one ; weeL'ani;fihally, settled down . at-112s. ;.to .1145.. ,' v. ' . \ ' but. extended-/to „New.„ Zealand, .where dry . .weather,with bush fires, curtailed;tho output ). for six ~weeks and; .more during .the .early, part '. ortbe.year.. Local prices rose,:and butter' was.'re-bought.from-London buyers)at;up';'to • f.o.b. for- March \iriake., LThe.recupera-, tivo_ powers -of New... Zealand wore not reckoned on. . ltain camo, . and. ; from March on- ; ' *»rd>the; grass and -feed .have been, abundant,' and. supplies,have.;so increased- that/instead V °¥' 1 ? largo • shortageanticipated, there is an< > accumulation of about .100,000 boxes ".in" cold stores. One-third' of 'this .will, have to bo ex- ' r .' ■ tables -.. with, this report show' . that-the March-Aprd. shipments were' reduccd Jo .4}Wnimurii,.'causing.heavy accumulations. . Apnl-May'makes:at factories were-larger . than usual, and now many -factories make ' through -the. winter, and . as' shipments cease .the- supply for local wants; is year,' by year .growing larger, and. will soon meet requirements, and-therefore our export shipping; season will havo to be- extended,: or large.-quantities' of -stored;, butters'.will'.-go :. Home early..iu. each, season, and probably not prove, helpful -to :tho marketing of our hew - season's ?make. ... ".Butter which . consigned this ' year havo done remarkably,'.well...". '. - -1... ' n'j^ 6 ® 56 ...outputs, were' consigned. (Jnly. a few.sold atirom 6jd;: to 6Jd. for out- , pats to end of Airril. Many factories refusod•to sell -.at 6d;; Later, on'- buyers" declined to buy- at ojd. '-. v';-,'■■■; .. -. '■■■'The ;London market remained: steady at from 60s. up to 645.' 'It is said somo sales wero made ,at pßs.,':but this 'reduction was really not necessary./' Consignors of cheese ''™ P.te as well as'the few who soldi ~^t,yea r ,,tho ' pqsit|ph ,in this -respect:, was • all-in favour.of consignors."- ■■■