BUTTER SPECULATIONS.

Taranaki Daily News, Volume L, Issue 60, 14 June 1907, Page 2

BUTTER SPECULATIONS.

NEXT SEASON'S MARKET. A HOPEFUL VIEW. ' Pur Press Association. Auckland. June 13. Referring to the statement published tli,it buyers of butter in this eolony had lost, heavily this season and that the lirioos are likely to be lower yet, Mr. Npragg, managing director of the New Zealand Dairy Association, said it was uu<]uesfii>nnh|p tliat butter speculators who bought butter iu the colony last year had sr.llVred badly, and It was not news to him that single firms dropped Clti.oim and more in the season. The total loss of speculators has been variously estimated at from £150,000 to >

£250,001), but there was of course tho chance that the statement was exaggerated. It would suit prospective buyers to have it understood that they had sullered in the last season becauso that plea would probably help them to buy more cheaply in the coming ont, Whatever was the actual amount of the losses they had certainly been enormous.

Preyed lor his opinion respecting the next yours London market Mr Spragg* said lie \\-a* not anticipating fi vorm ou» l.lmn l.i! I ii'ilfcrl if Xew Jfralaoi buttv vould Ik; sold in a judicious manner and n-a under pressure as last year, the market mi^»lit oven 1>«; a better one.