THE DAIRYING OUTLOOK

Sun (Auckland), Volume IV, Issue 935, 31 March 1930, Page 13

THE DAIRYING OUTLOOK

INCREASING PRODUCTION j LOWER LEVEL OF PRICES From Our Own Correspondent XEW PLYMOUTH, Sunday. Pertinent observations on the present position and prospects of the dairying industry were mad© by Mr. T. O. Bishop, secretary of the New Zealand Employers’ Federation, in the Arbitration Court yesterday, during the hearing of an application for a new dairy workers’ award for Taranaki. Mr. Bishop said evidence had been given to the court which showed that the competition which New Zealand had to meet in the marketing of her butter production in Creat Britain had enormously increased. The largely increased supply to the British market, from 80,000 tons to 290,000 tons in ten years, had undoubtedly been the biggest factor in bringing about low r er prices for exported produce. This season there was no indication whatever that any diminution of supply from competing countries would be experienced. On the other hand, the expectation was that the supply from Denmark, Argentina, Latvia, Estonia, Lithuania and Russia would be steadily increased. “Consideration of the expert evidence which has been given,” continued Mr. Bishop, “can leave no doubt that the prices of butter are about to become stabilised at a much lower level than has been experienced at any other time since the war. In light of the latest quotations, I submit that the estimate of average prices for this season which has been submitted to the court will be found to err on the high side, and that the actual realisation for th€; whole of the 1929-30 season will be less; than the estimate. “The total increase of butter-fat production over a period of two years is 92.1601 b, or less than 0.4 per cent. What, then becomes of the statement that increased production this year will be anything like sufficient to offset decreased prices? It is certain that the butter-fat cheque for the Dominion for the current season will be three or four million pounds less than the total butter-fat cheque for last season. SWEET FIRMS’ MERGER CADBURYS AND HUDSONS Press Association DUNEDIN, Sunday. Monday will mark an important stage in the commercial history of Otago, when a merger will take effect of two large and important business concerns, Cadbury Bros., Ltd., and R. Hudson and Company, Ltd., both of whom engage in manufacture of chocolates and confectionery. The business will be carried on under j the style of Cadbury, Fry and Hudson. Ltd. Mr. George Sara (representing the Home firm) conducted the opening negotiations and arrangements made by him were finalised by Mr. Barrow Cadbury on his visit to Dunedin a month ago. The directors will be Messrs. Richard Hudson (chairman), G. Sara, R. G. Hudson and V. C. Smith. I CANADA'S TRADE OFFER Reed. 9.3 a.m. OTTAWA, Sunday. The economic conference of the Empire has been definitely set for September. The Canadian Budget to be brought down shortly will be drafted accordingly. It is not unlikely that a j plan will be launched for a reaction against the increases in the United States tariff on Canadian produets by offering a special trade inducement to other countries of the Empire. .