THE DAIRY OUTLOOK.

Taranaki Daily News, Volume XLVII, Issue 8175, 7 August 1906, Page 2

THE DAIRY OUTLOOK.

phenomenal prices PItEDICrED. interview with ME s turner. [Special to Daily News.] (By Telegraph.) V Auckland, August 6. Mr S. Turner, who has just arrived from Sydney, representing Messrs Wilier and Riley, English provision merchants, speaks optimistically of the butter and cheeso prospects. "Prices," he says, "in tlie coming season, are going to be exceptionally high in London," What is the cause i asked the interviewer. t. " The causes ate several," replied Mr Turner. " The cold east winds over England which reduood the milk su PP'y; the grejt shortage in Argen. tine, where I have been; tho enormously increased consumption; tho greater demand in Germany, and decreased exports from the United States." Don't you think that will be recti- ** Red shortly P was asked, is Not this .season. We are certain to feel the effects of the shortage, and prices will be very high. 'Factories selling their output under lid pound for butter, or (ijd per pound for cheese, first grade, net, f.o.b. in New Zealand will make a great mistake. - Last year two corners were made in cheese, and some firms hold enormous quantities this year. The price thorefore, cannot possibly eome down, because these two huge companies, who have been ratting each others throats in paying big prices in Canada, would be absolutely ruined if they allowed prices to fall. At the time I loft Home, tho price for old September cheese was phenomenal, and the price of inferior now made cheese, which is like eating loathcr, was abwtt (JOs per cwt. These facts should malta New /oaland factory managers eonsign, rathor than sell on last year's basis, because pricos aro feoing to jump still higher. No factory should, be satisfied merely beoause it is getting record prices. The very fact of Eng. lush merchants offering rooord prices, prove they know still bigger rates will come. Londoa merchants do not gamble, unless practically sure of their ground. I have closoly studied the matter for the last ten yoars and can say that only in ono year, 1902-3, did the merohants losa by buying outright. Their loss was then due to the unexpected enormous arrival from Siberia, but Sibona lias now her official statistics like other countries, and the experience could not be repeated. In nino years |out often, tho merohnats who gambled in New New Zealand butter and cheese won, as against the factorios which supplied them. Of course the merchants axe: eareful to loudly herald their losses, and to keop silence over tltoir many gains. They never tcU you of their sales at] 20s, ÜBs sad HQs of butter which they bought at 107 landed in London, t\nd, in consequence, factory managers using the only figures available, imagine they and not thomeiv ohants havo been tho winners, "Remember my words and watoh for phenomenal prioes next concluded Mr Turner.