THE BUTTER MARKET.

Rangitikei Advocate and Manawatu Argus, Volume XXXII, Issue 8902, 23 August 1907, Page 3

THE BUTTER MARKET.

Dealing with the dairy industry tlio Auckland llentld says;—Present indications are that a groat number of the factories will return to the old order of t hings, and send their shipments on their own account, as the dealers are not prepared to pay the prices asked. Collectively, £IOO.OOO represents the loss during the past vear sustained by buyers all over 'the colony, being' the amount paid on the ISTew Zealand butter more than at was actually worth on the London market. This amount is practically what the buyers would have to make up this year, but the factories have reaped in that money now, and they appear to bo likely to keep it. This rime last year practically till tiio output was disposed oi or arranged for. but this year the difference in the buyers’ and producers’ ideas of the value is hold -' iug up transactions, and at the present time practically none of the output is arranged for. Last year the buyers were racing each other in order to secure the output of the factories, hut- this year the factories are looking for the buyers. Toe market indications arc that the prices at Home will be up to the true values of last year, but nor to the boom prices paid at the opening oi the j'.HMi-; season. Moreover, there are various contributing factories in connection with the world’s butter supply which promise good sound returns to New Zealand. The closing quotations last season were llj 4 ‘d, but it is not expected that this season will open better than IOLd for choice butter. There is. however, every possibility that consignors will make much more, as the true value last year was a„ little better than lOjyd. Buyers are now offering 'MAI, to Tyd, and some offers for the choicest butter have been made up to 10i. and buyer.* generally may be said to be holding hack for a good safe margin.