The Taihape Daily Times AND WAIMARINO ADVOCATE. WEDNESDAY, DEC. 29, 1920. THE BUTTER MARKET.

Taihape Daily Times, Volume XII, Issue 3663, 29 December 1920, Page 4

The Taihape Daily Times AND WAIMARINO ADVOCATE.

WEDNESDAY, DEC. 29, 1920. THE BUTTER MARKET.

With which ia incorporated "The Taihape Post and Waimarino News."

Indications are not lacking in reports, and criticisms cabled from Britain that if the world is to be rescued from degeneracy, the wild whirl of profit-making and legalised robbeiry must cease. Victors in the great war cannot afford to spurn the part defeated nations must hold in' any permanent reconstruction that is attempted. British factories are partially idle because the field over which they previously operated is uncultivated and will yield nothing; If these are to be of any future service to British trade, seed in the shape of raw materials must be provided. With the proceeds, of the manufacture of such raw materials they can commence to buy British cotton and other goods again. In this connection it is worthy of notice that re-opening of trading relations with Russia is of such importance as to be given a place in the King's Speech at the proroguing of the British Parliament. His Majesty "trusts that trade will shortly recom-

mence with .Russia, and hopes that Poland will compose her political and devote her energies to j creating internal stability," A notlable marketing feature is the dotfn- | ward trend of butter values. It appears that Danish and Scandinaviaf 1 butter generally, produced durin£ the past season, is not in such demand as- was anticipated for it; and the sales on a fairly large scale now taking place at a considerably reduced price foreshadows a feair that danger lies ahead of all butter held in store till the opening of the next season, -about March. It is also probable* that the British Government's intimation that all butte;r will! cease to be controlled and given -any arbitrary value, at the termination of the Australian and New Zealand requisition, on 31st March, is a factor in Danish buttermen being willing to accept . (increasingly lower pa-ices. From the first of April onward all New Zealand butter will go on to an open market; it will probably have .to compete with Siberian and South

Russian, as well as with Danish, Dutch, Swedish and Norwegian butter. Prices are likely to move down gradually, as with any considerable improvement of industry in war giving better «purchasing to the working classes, fhe demand for butter is calculated to get ahead of devastated countries' power to produce'for their own use. It is stated that South Americans have been devoting a good deal of attention to butter production, and it is known that South African farmers are likely to put something moire than the proverbial dro p in the butter ocean. It seems that the American Meat 'Trust has developed into a South Ameriran Butter Trust, and if this proves true dairy-farmers may take from it what consolation ■ they can. It' is earnestly hoped that in face of an open butter market and

the present downward trend of butter prces the Government will cooperate with the dairying industry in securing the institution of the best and most economic marketing methods that are available, or can be evolved. The future of dairyfarming demands the attention of farmers and the Authorities, inasmuch as the volume of butter production of to-day is almost certain to be very much increased in the future. Butter export bids fair to hold the place pf honour for long into the future, and it is safe to venture the opinion that no primary product will command more (ready sale at a fairly good remunerative price in the future than butter will. More than in the past must New Zealanders look to the encouragement and cultivation of the Butter Industry.