A Gain of £200,000

Sun (Auckland), Volume IV, Issue 957, 28 April 1930, Page 11

A Gain of £200,000

BETTER TIMES FOR DAIRYMEN

AX advance of ten shillings a cwt in the London price for New Zealand butter brings the increase within the past fortnight to twenty shillings. This improvement means a difference of over £150,000 to Auckland dairymen on the butter scheduled to leave this port from Easter to the end of the season.

On the total shipment for New Zealand over the same period, the approximate difference in terms of the pound sterling .amounts to £200,490. Indications at the moment are, however, that the improvement will not stop on present levels, for several merchants report that there is every prospect of a further improvement in prices In the near future, following a strengthening in the demand from all sections of the trade.

weather, combined with the need of drying the cows off for their customary winter spell prior to entering on a new season, that any big drop in the amount of butter coming forward for grading is being notified. Auckland cool stores are still heavily taxed for storage space, in spite of the fact that one or two vessels, in addition to those arranged for earlier in the season, have been diverted to this port. During the next four weeks a total of approximately 141,400 boxes of butter will leave Auckland for London; approximately 26,000 crates of cheese are also scheduled for shipment.

Although it was generally agreed that the market had dropped too low at under 130 s, few of the bigger men in close touch with the situation were prepared last week to make any comment on prospects of the near future. The market is controlled largely by a handful of operators, the multiple shop and margarine people in particular, and with these interests able to buy or sell in large quantities it is difficult to forecast with any sense of security or exactitude within limits in what direction prices may go. It is even held in some quarters that there may be a slight relapse following the withdrawal of the speculative buyers. The brightest feature at the moment, however, is the general increase in buying strength reported from all quarters, and the fact that the lower retail prices have stimulated demand from the consuming public. An improvement to 140 s and the maintenance of tluit price until the end of the season will mean a difference of over half a million sterling to New Zealand dairymen compared with the low prices of two weeks ago. Another pleasing feature from the Southern Hemisphere producer’s point of view is the fact that there are indications that the European production season may open late owing to cold weather conditions reported in recent cables. PHENOMENAL AUTUMN PRODUCTION Production throughout the Auckland Province during the past two months has been, regarded as little short of phenomenal. The wet summer kept pastures in the best of heart, and few farmers have been faced with the necessity of using supplementary fodder. It is only now that the cold

SPACE ALLOCATIONS An idea of the extent to which New Zealand, and the Auckland Province in particular, is interested in the movements of the London butter market over the next two months can be gained from the following table of

freight allocations Depart Due From Steamer. 1M.Z. U.K. Rang! tiki . April 26 May 29 35,500 Ruapehu. April 29 June 7 4,000 14,500 15,000 Pt. Hobart April 30 Junfe12 28,300 6,900 37,500 Pt. Fairy April 30 June 10 36,750 36,750 Kia Ora. . May 3 June 12 4,000 16,400 4,000 Ionic . . . . June 14 ~ 14,400 10,000 Pt. Hardy . May 9 June IS 14,900 Hertford May 3 0 June 16 32,600 6,400 4S.000 Mainloa . . May 10 June 25 7,900 10,500 10,000 Mahia. . . May 16 June 29 17,200 5,300 21,200 Pt. A’kl’nd May 17 June 26 4,248 7,400 Pt. Sydney. May 20 June 30 — 7,300 Ruahine . . May 24 June 29 13,000 4,600 16,000 Mataroa . . May 31 July 3 4,030 2.0,000 5,600 35.000 Taranaki . May 31 July 4 4,500 21,600 15,200 30,000 Huntingdon June 5 July 17 50,000 15,000 55,000 Coptic . . . June 10 July 14 3,000 9.000 5,000 Hororata. . June 14 July 22 ~ 6,200 4,400 Pt. Adelaide June 14 July 25 22,000 14,000 27,000 Pt. Huon. . Jun 14 July 19 5,000 7,900 Rangitata . June 21 July 23 15,000 9,200 30,000 June 21 July 28 10,000 12,000 15.800 3,000 5,000