BUTTER MARKET PROSPECTS.

Taranaki Daily News, Volume L, Issue 322, 24 January 1908, Page 2

BUTTER MARKET PROSPECTS.

BIG RISE ANTICIPATED. Per Press Assoeiatiin. Auckland, Last Night. Butter is getting dearer. A merchant closely identified with the trade, who was interviewed by a Press representative this morning on the subject, sa*d, m reply to a question as to the probable rise in values: "Prices are going to go up like rockets. I will go so far as to say that before the winter comes on the retail price of best creamery butter will be Is (id per lb; in fact, a rise may be expected at once, since the market is just the reverse of what it was tins time last year. Twelve months ago we were asked to curtail our shipments Home and sell as much as possible locally. This week I received a canle from a firm of English merchants asking me to send four times the quantity shipped last year. This gives some idea of the demand which exists at Home compared to that of the previous year. Asked to what cause the shortage at Home was ascribable, the Auckland merchant replied that there seemed U> be a falling-off in the supply right tlirougli the dairying countries of the world, the long period of dry weather >s having a considerable effect on the butter output. '• yesterday," he continued, 1 visited two factories in the ajkato, and found that as « result of the dry spell the output was diminishing fifty or sixty boxes per week in each ease Every steamer which goes out depletes the supplies in the cold uS\-fi lH!l ' e,s " n(!fllctOT ylknowof winch ml cease to export butter Home after next month, and will store for the local market in anticipation of big prices