BUTTER IN STORE.

Taranaki Daily News, Volume LI, Issue 167, 6 July 1908, Page 4

BUTTER IN STORE.

RlilE INXKKESXISCi WUUKISS.

The following tigurcs (says the Doimnion) show tlie quantities of LiuUei iu store iu New Zealand on dune 30— Auckland - JTfjUOi) New Plymouth IUU-i Patea Wellington U.lilU Lyttcltoii Dunedin "

Total 3»,18S The total on June, oil last year was ■17,032.

There lias been Jicavv exportation of butter from store during the past month, and this iias greatly reduced the stock?:. The quantities ill store at the '.'ml ol previous 'months were as follow ('/scwt boxes): —March. April, 7U,128; May, 7U7U.

liie reduction in liir quantities in store has resulted partly Irom the improved outlook abroad (which ha*> on-, couraged exportation). and partly as a Kviilt of a recent Taranaki decision to export a r-tated proportion of tin.', stock iu order in relieve local anuinuld turns.

'i'h" iiHTi-i'M- in the retail price of Initi.'T tu Wellington consumer* is obvt-<-u*ly tio(. justified (a- s'miiu papers Imv». j« p"il« d) by a h.Yal shortage, '/iiili- ihi; c» lit wry Js I lie ease. I 1 ohlei's have stored so liberally ih'it then- has been a surplus available for export. Bui. the rise may !»■ attributed lo the improved enquiry abroad. The rises in Australia, the. rumored enquiries from South Africa for our butter, and tin' lirmness of prices iu London all tended to warrant the view thai, the future for butter*was brighter. 'lbis, of course, encouraged holders of stock to ship.

Another factor that lias doubtless been t-onsidered is the s))lendid outlook for next spring. There is 'everywhere abundance of feed, and dairy cows generally promise to enter the llew milking season in at least normal condition. Then' has, therefore, been no longer any cause to hold stocks against a spring famine.

The new wnson will begin about two ■nontlis lieneej mill the Now Zealand public consume nlimit 15,0(11) boxes <>l butter jier month. The stores, tin-ru-fore, contain I'lionjrh butter for two anil a half month's needs The present net wholesale jiriee of New Zealand butter in London h about ll'/,dper pound.