The Times. Published on Tuesday and Friday Afternoons. TUESDAY, JULY 4, 1922. BETTER PROSPECTS FOR DAIRYING.

Franklin Times, Volume 9, Issue 744, 4 July 1922, Page 4

The Times. Published on Tuesday and Friday Afternoons.

TUESDAY, JULY 4, 1922. BETTER PROSPECTS FOR DAIRYING.

“We nothing extenuate, nor aught set down in malice.”

As a resdlt of {the recent substantial rises in the price of New Zealand butter on the Home market, suppliers in this district are lookingforward to a total pay-out over 'the whole of the season just closing’ of approximately l,*3i 6d per lb butterfat. Whether :they wifi gdt i!t its a different thing, but based on present cabled prices there seems some reason for expecting this average, for thej head of the big company lias gtated (that about a quarter of this season’s pi’odudtion has yet! to reach the Home market, where ilt is selling at above 2s per 3b. WherA butter was quoted a,ti 210s y ft was thought the peak price for the ("bason had been reached, but evidently the conditions which have lied to !the strong demand for (the New Zealand article are more acute than was at first realised. One cause is that Brifajn and North Europe are experiencing an excefftionaHl'y dry season, hut beyond this we have the fuatjier fact that better prices generally can be expected on the Home market ?.n the summer (than in the winter time, and this condition raises the possibility Of producers ..storing their better and holding it for the period of shortage. This, of coursd.. would involve extensive financing and the question arises Would it be worth while? The head of a big* dairy company in jthe South Auckland district thinks that the interest entailed by such a procedure woud be more than compensated for by the higher prices obtained for our produce. However, the market conditions have arisen too late to allow of this being done this season, and in the light of later experience the producers woufdi be better able to judge for themselves the 1 prudence or otherwise of Hater adopting '.such a proposal! At present we have the comforting intelligence jthat the English market remains firm and that a' continuance of good pi’ices seems assured for months to come. The silver streak in the dark cfoucT is widening every day.