Farm Notes

Te Aroha News, Volume XXVII, Issue 43316, 23 April 1908, Page 1

Farm Notes

r Tbe Batter Market

Those who have followed the ' London butter market during the last. few 'months have not been surthe decline in values in this; Dominion, and the announcement made recently was regarded as only a natural -result of the collapse of the Homn Dujing the. j-present year the Home market has; been very unsettled, and it is only” about six weeks ago that abnormally high prices were ruling, reaching a climax on February 19, when quotations ranged from JSOs to 152 s per cwt. At the beginning of the year the current price of New Zealand butter .was 118 s, and it remained unchanged’ till the end of January, when values advanced to 1225, and 1245. Ten days later prices had advanced to 148 s and 150 s, and a week .later the top figure was reached. On -4?ebriiary 20, the day following that ,)6h v which 152 s was reached, the market collapsed, the current price : being 1455, with few buyers. Five todays -later prices declined another 5s and; on February 28, the market again collapsed, the price falling to 120 s. .By March 3 a further decline was recorded, the current price on that date being from 116 s to 120 s, and ten days, later the quotation was bj 116 sto ll'Ss. A week later 114 s ■ was reached, and' this-figure was maintained for about a couple of weeks. A cablegram from London ‘ ?U -4pril 6, gave values at Ills. v wßonsy consolation to NeW Zealand is that the produce of olifjer countries has suffered a similar Vdjcline, and it is noted that Danish ibutter which usually commands a better price than the colonial article, is now placed on an equality with ‘ the produce from this Dominion.— Lyttelton Times.