BUTTER AND CHEESE PRICES.

Dominion, Volume 5, Issue 1473, 22 June 1912, Page 14

BUTTER AND CHEESE PRICES.

WILL THE FUTURE BET

"; ofv ljn Itci-' aridfeheeso ■ ■ hav« (svvitoV;Aug]o-ColoiiialV).:, t l>ccn■ abnormal I y..'-;i 1 ieii-- i n -Cal F ]>rodtieisip.!. countries :■ for &?lenßtlijßridd.7pefiod', ? .caufcd by a drought aiiiFspycrity, offoct.ini7lhv.' 11 (ilo of, ti 1 o Coutinent'of.. Europe, - 1 ' '''Groat; Britain' alsoialTcctcd, 'as' wcrd' !a:j;«i tr.-Kt« '.-f dairying country'"'in7thb' jUnit'odi.Sitatos'r and Canada;'-;; As a.', rc.siilt : of.;.tliis'iabnormal. eli.matic':' coi-dition,'' tlio produc.tion olibutter.aiuFchoese 1 in all of r the':; drosifjh countries ■; bscamo 'en'orinousSyi rcduced. nncl 'ilio iiuv oi'/sunp!y:;and7_dwn;ind -brought about ' a raiißß "oi'Vprices!" iin hoard of.. fori ninny V yoars. ir sawjt' recently,'""articles-iiSXc'«- .Zealand and'Aiistralinn papers,«>which-would havo 'a-tendenev'. to' induce- fanncrE-to bolievd rthat' hifsh-'prices. for this two commodities 'under• wouUKW'continuous' :ond'" ; I gailiered from";what' I read that cheese ■ factory owners are increasing their. ■ outlay, on buildings and machinery, in t!io;

belief that 70s. to 755. per cwt. will te a . normal average price. V ,-fi v ■ : ' I would advise those interested to look for-ft price in London next season of,.50s;;;d;:. to Sis., and for butter 100s. to l!2s.' per ..•• cwt; '' I should add hero that I am;-not*..;?-now'connected with the ir.ide, noivliGve l': been for the lost dozen-years, - If-any reader can put his hand on a booklet I published in 1693, on ."Dairying in' iW •Zealand " and another in -001, unitcr ti:o . present ncm dc plurne, ha will. Geo, that predictions made by n;c nhie'een year# ago and eleven years ago. liayo ; becn_ampi,yi realised, *ind when 1 Bay that I , ha\o been in the trade for. thirty 3 ears,-... ; . ...1 it- will be seen that I am in a position, to ■ take', a quiet survey of.'thp' pr0bab10'...;,.;,. future position, and ■ the' prices hkciy to . '

!>;. What Happened in 1864, ? In the spring: of 1881, butter was in England as follows:—Finest Danish;j up to 1705,; Irish, up to 1505.; margarine, .sr,. 1:I0i. ' The sule cause of. these priors was. tlw' closing of Danish and other por.s .>« ~ norihern Europe by ice.. • Many ■ people,:;; r then .. thought those .luzk . prices- had .. eonio ':: to stay, though.. the eausa was ..well known, and ".many.-- lioltiois■ who had in store small or large : ' Danish. refused to part., under ■ l'Os. , : . knew one Lancashire■ merchant, who hel l. ■■■ 2l!00 casks oi Danish (roughb, 100 toi.s), ;a who was offered during .Ma; eh by a syn- ■ dicate of retail grocers, luas; for .the lot. .. This lie declined, his figure'-hei "g 1.0..,, April came, and with 't U 1 ®'" '"'J ~?!??,"'? ther, Slid enormous' quantities of butter ■ which had been kent back oy. the t rose, - : '\s a result, the holder of the 2000 . had to part with his 6toek at prices ranginrr from Css. up to 100s. Ho-only ob-.-,.--tauied 05s. for' the bulk. '■■■When the. retauer can sod best butter--:*. ; at" Is.- per-lb., the consumption is air .-■its"' highest, level, and the lowest, level of., •consumption •is reached when butter is*; ''lsd.' or 'more' per lb. P *?.In ' Denmark, farmers ' appear to bo : satisfied if they can nett an average of . , ■ Is. i>er lb. all the year round. In my';.; ;, experience,, however, the average price of Is clear of all expenses,-they seldom oh. ■tain, but they have, of course, an raix»;i-. _ ary profit; from bacon, which averages n;V, -price equal' to tho best Trish.-. ■ ' The pnint which iNew Zealand farmers ; 'should keep in mind is the fact that a -~.. tremendous impetus will be.Riven to Ui<> ,industry in all producing countries by io-" !oent high prices. ..., -..-s;---> v. .lA'vV

An Increased Make Predicied. Wil hiive it from 'practical men who'havevisited ■ the ■ Argentine, thnt'.'-.butter:. pro-;, 'd»".tioi! p:i'vs tiie farmer better"" in many,-. ."cases'.lhanCwool and mutton;.-. Siberia' will; increase ;io'-_ : niake; -so also 'oil's European' countries. ■■ Tlicn.uyisU-rn; 'CasindaVwill- be stimulnW ;to"-increased; Ipi'oductions'j'; also- - will ■ trie '. United 'State's, and'-thc. Australian Commonwealth•'ami;ii>fcrritorv'l know a good deal about tWreteriv:'Canada) is making an effort to. ibccomeia"'-dairying country, and will sue-;. ; cced,': though its produce may for years billbe graded second class. The eltcct' \wilir'be; this—it will displace in'cities large quantities of high-class butter, -ami:' cheese, and this latter will be sent W.;to:!!nirlaiuM6 compete further against' ; AiistraJa.sian. ' -■ .

.■.Not very loriß ago'l was in l'crtli, Wcs-' 'tern-. Australia, and- came-, across several: 'settlers' who. had not. long arrived . from-

jScotiami; ' expressed a strong opinion j^tlir!t<;a\ tract of conn try in the 1 i :; :'soii(h-wp'sl. portion of She Stnto would .';lii:'.a.''i'f",v years bo.engaged in bnttor 'pro-: ■ ; "'(iiicUon on a large scale. Dairy produm SfroKi ■..: , >Vp.sleru . .Australia ran bo landed v Mn'*'"Condon fan days in advance cf New i -'Zealand shipmonts, and tl a proportioa.- , atoly lower freight,