FACTORIES RAISING PRICE OF BUTTER.

Dominion, Volume 3, Issue 878, 26 July 1910, Page 10

FACTORIES RAISING PRICE OF BUTTER.

IS LONDON: ELSE RESPONSIBLE ? It seems somewhat likely that, while there has. not yet been any. general move, in the local butter market, there ■will be,an increase in tho -prico of. butter very' shortly. And if. that does occur, -besides applying to Wellingtonians . it' will affect many -thousands of. persons'"in this'erid of'the Island. The factories have been charging.the ' ; merchants 113-Bd. per pound, but'some of: thorn are now talking of ! asking " lij'a.. .. Tho reason for "the rise is not clear. '■ The representative of- an institution' which handles a large quantity of. export' butter says that the increased price would only- bo , for- fresh, .butter —not for stored —and that, it may bo made because a shortage is expected to occur. Personally he did not seo any chance of a shortage, but'explained that someone may have been ascertaining the quantity of the article in store and reckoning on those figures. A representative of another firm did not see any reason whatever why the factories should put tho prico up, but Baid that some of them woro talking of making a rise of 1-8 of a penny. A which may have some bearing on the matter "is that there has been a rise of 2s. per cwt. in the 1 price of New Zealand butter on the London market. Tho present prico is 110s. ArTincrease of 1-8 .'of" a penny per lb (the amount said to bo hinted at by, the-factories) is equivalent to 2s. 4d. _... ....".... The subject is one of which more ■ may be heard "during tho' week, but in any case no new, position is likely to last- long as ; the new-season's supplies will'soon be ,on the market. ■■ .

Farmers pbout Matamu (Hawke's Jay) 'have already- got some of their cows'iri, orio settler having four calvo during, the past week (says, a correspondent iof the "Dannevirke News"). The Hawke!s Bay Dairy Company will soon have to ■ start tho local creamery again, which, by the way' is being fitted up with,a much larger plant for the coming season.