A CHANGE IN THE BUTTER TRADE SITUATION.
The reduction in the duty on butter entering the United States at 2£ cents per pound has already affected the import trade of this country, mas much as it has opened a trade with Russia and the Argentine Republic Last week, amongst the imports into New York were reported 530 .casks of Biberian and 1087 boxes of Australian creamery from London But tbe most important factor was the report that large importations of New Zea land and Australian creamery for the United States are expected during tbe coming season to be distributed via tbe Pacifio Coast. Last week we mentioned tbe importation of 100 tons of Australian and New Zealand butter into San Francisco
The question arises as to what effect tbe diversion of a large portion of the product of the Antipodes to the United States will have upon the English market, and indirectly also upon the Canadian market If the reports of the quantity that will be taken by the State? are not exag gerated, the effect will be felt by both England and Canada. For the past two years our supplies of butter were not equal to the home consumption and we bad to draw upon New Zealand goods to make up the deficit If the States become a customer of Australia and New Zealand, it will mean dearer butter for England during tbe winter months, and our supplies from that quarter will be cut off, whilst Vancouver will have to compete with San Francisco for our New Zealand cargoes. Tbe butter trade at the moment is, therefore, in a state of transition. If the English market loses any considerable portion of the antipodean butters, prices there will be too high for Canada to look to for her deficit in that market. United States buyers in San Francisco have the advantage of 1£ cents per pound over Vancouver importers, as the latter have to pay 4 cents per pound duty, whilst the former can get the same class of goods at 2J cents per pound duty, Surely our Government is not going to allow the New Zealand trade, which we have had the benefit of, to pass into the hand 3of the United States. A revolution seems pending in the butter trade.—"Montreal Trade Bulletin."
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A CHANGE IN THE BUTTER TRADE SITUATION., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXII, Issue 4373, 20 February 1914
A CHANGE IN THE BUTTER TRADE SITUATION. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXII, Issue 4373, 20 February 1914
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