The Daily News. MONDAY, JULY 27, 1903. THE BUTTER TRADE.

Taranaki Daily News, Volume XXXXV, Issue 175, 27 July 1903, Page 2

The Daily News. MONDAY, JULY 27, 1903. THE BUTTER TRADE.

Considerable changes, (remarks the Wellington Post) have taken place in the conditions surrounding the butter trade of Kew Zsahnd, which are likely to duse inconvenience and loss unless recognised and met. Fur the past three or four BBasons, steadily advancing prices made the position quits' easy, and all that all dairymen had to 1 do was to increase their production* rs quickly as possible, and dispose of it at! a good profit. Some of the factors that' helped to er.hmce prices and create a' strong demand are now absent. The drc rght in Australia affected the Sou h Afiican market, and gave to New Zealand two markers outside the United Kingdcm. South Africa absorbed n very large quantity of our increas d j productions, and, further, tie Aus-! tralian market relievi d us of our win'er production. These two markets are now practicilly closed to in, This winter very little butter Has been sent

to Australia, and what little has gone forward has been for transhipment to South Afrio and the Bast iu execution of criers received by Australian houses. As a matter of fact, Australia has been able to supply her own

local requirements, and to have a surplus for export. The cold stores in Me'bcurne have baen filled with butter in anticipation of the winter demands, which were not up to expoctatioD, end holders have been forced to send away large quantises, The South African mirket is being supp'ied ftom Argentine, Siberia, and Australia at cheaper rates than fr\m New Zealand. The closing of those outside maikets has resulted in an accumulation of stocks in our cold scores, and it is balievvd that quite 2000 tons is now in store. So far as the Welling'on-New Plymouth dairy districts are coccerce), the position is m\do wors3 by the fict

that districts that formerly looked to us for supplies are now producing enough for local requirement. Tie comi'ig season will eee New Zealand practically restricted to thij Home I markets ; our increased production will come into competition with the increased exports of Argentir e and Aus tralia and the stored butter of S baria and Canada, and also with the scored butter of Victoria and New Z aland. The storing of bu f ter iu the colonies in excess of probable rfquiremoctis the rock ahead. Tha surplus now in cold stores will most likely bi shipped to London, and will get ther just in front of the shipments of nsw season's make, and may have a detiimental effect on the latter. It is tot expected that the prices wil! be cs h : gb as last season in any case, but the marketing of the stored butter will not

mend matters. In view of the changed conditions the tinn has come wfcer' step 3 should be taken to export the surplus winter production, ar.d so cater forthe early spring trade in London. It is as well to recognise that conditions have changed, and endeavour to meat them ; when pikes decline producerare too apt to bl ran middlemen and oth'i'B for their misfortune* ins<t ad of looking to the re-il cans s of 'bed pres ied market. Present quota ions in j London are extremely low, lower than

they wero last season; Siberian butter at 83s and Canadian at 91 6 operators will be tencp-fd to ni&ic.- uss of he cold stores, «rd Eeiv Zealand bu -er w 1 lvivo to faiotheo-mp tit.wn rf this str.rtd bu'ter." The Hawera >to-, refining to th« above, s,y S: _ "Wo reprint th's as giving the view hold in the cimnvreid centre of ihe cclony, na ia j s wf-ll t! at producers should kiiow the op'nions prf.v,.i!i>:» but though a warning, possibly is rather

[oo p?Bsimest'c. Wo remember that in Welling on about this time l«,t v f a < stress wns lid on heavy stcr.ign in London," We sgieo with thj Star and although the prrsint s'a*6 r,f .h' market dof-s rot give ar;y causa foe ttlmrn, it d<> k point 1o (he need of ihe greatest, ''are >i< d w rmv it! uur-ufe,.. tur.; ar.d t-. .% --■«»fc, -.iid t,o thmnhis bib! „ of developing kindred industries iu every possible way,