PRODUCE MARKETS.

Hokitika Guardian, 29 August 1924, Page 4

PRODUCE MARKETS.

A Bit!(iHT ori'l.dilK. : Afl'Kl-'ANB. Au.'.’.list 27. ' An optimistic note was struck . by .Mr \V. (le'iilfellow, managing direei tor of the New Zealand X'u-opeiative . Dairy t’ampajjy, 1.u1., when giving r ; survey of wcild markets in relation to dairy p"ndu<e, in the iour.se <d' an uddre-.s at the annual dinner of cumn itteenieii of the company. I As he looked hail; over the lo years during which he had been associated with the dairying industry in the Waikato. Mr Doodfellnw .said he marvelled at the wonderful changes that had taken j !ai r. and the progress that had Peon made. .Fifteen years ago there were p; actually lio milking imHiim u there were few

liiotor-iars, no inutor-lt ri it’s. miml only limil roads. 'I lioro was ■■ » surli tliiny I’m homo s<m :iration. Suppliers hail to c'.vt tlicir mi.k to i riutuiorio.s. where it «'iw !"■ j oraiod. The industry hud |Tonrosv l ui;d Mould ouutiinio to prnttruss. Tlio uo.\t liltoou yours would ( see us miiuh dorolopmoul us tlit* lust ii. t:-.-ii yours. Tlioro would ho hot to: fluids, ui.d tdio lu'ills would ho smullor. Tlioro would ho lower mortoaops, uml moi'o .stool;, uud the output per cow uouhl ho oroati r. The industry hud parsed thrmiyii 0110 ol' tho seooro.st slumps tho country hod ovor o\i oriouf'od. hut looking at tliinys ijuito iinpartially ho was lomimod tho I'uturo would show an i 111; roromont. Tho prosperity <:!’ tlio duirviiip; industry dependod in u larop mca-uiro upon tlio oaniiiif' pewo:- ol tho British puhlir. AVlion tlio British per.;'!e . had tho money they

spent it. :i in I {l l < * rate of coiisuniptini of dairy |rodnt c wont on accnrdinply. Authorities liad slated that 192(1 would ho a British boom trado year. ]’,v that time (lerniany would to aMo to I trado on a ould basis, and roii.sidor- | aldo hiisme.ss would ho dono between I Britain and (lerniany in niamifaotniod I ponds. (Icrmany would provide a hip; ) outlet lor butter, casein and dried milk 'powder, and this factor made him more optimistic, than ho had been tor Rome time post. After reviewing the pros; rets of the dairyiii'X industry in various countries. .Mr (ioodfellow sail! lie <1 id not antii ipate any expansion in ilio next two years. Siberia wax not a menace, and dairying was not profitable enoiipli to enroll rape farmers in Amelia or the Arpontino. In both Xew Zealand tmd Australia th.e output showed a decline. Th.e .speaker wet t on to refer to the drift to towns, and said the only remedy was to pet back to the 1911 heois as regarded the exchange values of produce, poods and service.