THE BUTTER MARET.

Gisborne Times, Volume XXVI, Issue 2161, 9 April 1908, Page 2

THE BUTTER MARET.

(Per Press Association.) „„ AUCKLAND, April 8. Ino \\ elhngton quotation for butter has lor some time vast been higher than that ruling in Auckland. Tho all-round dcclino of Id per .lb therefore brings the Southern price very little lower than tho present quotation here. Some relief was afforded b .V. tho genial weather conditions wlueh prevailed towords the end of last month, and tho production all oyer tho North Island received a considerable stimulus. In tlio opinion of a gentleman connected with the butter trado in tho Auckland province. Hie reduction was arranged while full advantage of the increased mako was • being realised. The brief spell of favorable weather and the consequent improvement in the milk supply also made it appear possible that a: redact-': t'on might be effected in Auckland, biit tho sudden cold change of tho, last few days precludes the likelihood v ot this being realised. The output will be still further restricted, and.as the quantity in cold storage is very small lor this time of the year, butter is likely to bo in short sunnly right through tlie winter. Another well-, known butter merchant-, in referring tp the subject, pointed out that .the reduction only brings’' the " Southern prices to an equivalent lo that now ruling -in Auckland. The merchant , in question anticipates very little var-: iation one "way or the other in tho Auckland quotation.. Some alarm. h° points out, was occasioned by turn,:-' fact that 1(5,000 boxes, which were mr tended for export, had' been retained; in the Dominion, but after tho hulk of this has been disposed of, the market, will in his opinion, settle do'Vjj-ij.. It is impossible’to say what the Apr! l ' May output is to lie, but tlie cold snap yv in the Auckland and Taranaki l ) r° vlll ‘.yt cos will have a deteriorating effect, gjfe