N.Z. BUTTER.

Auckland Star, Volume LXVI, Issue 271, 15 November 1935, Page 8

N.Z. BUTTER.

FALLING MARKET.

SHIPMENTS TO NEW YORK.

EXPORTS FROM AUCKLAND,

With the tendency of falling prices for New Zealand butter on the Londor market has come the announcement tha f an export trade to New York will commence next week, when the firat shipment will bo made by the iteamcr Canadian Conqueror. A further shipirlent to New York from Auckland will follow by the steamer Canadian Victor. The present New York quotation is equivalent to lljd per lb. A prominent Auckland exporter eaid this morning that the New York market was seasonable buying, and dependent on the production of butter in the United States. There was a t.iriff wall of 7 cents per lb (approximately 7d) on New Zealand butter imported into America, and for that reason butter from the Dominion could only oe sect there under certain circumstances. From Montreal, the Canadian Conqueror arrived in Auckland on October 18, and from here went to Wei.ington pna Australian ports to complete discharge. Thence she is returning to Auckland to load, being due here to-mor-row evening. After lifting local produce at the Central wharf, she is to sail for New York, Boston and Halifax on Monday. A similar itinerary has been fixed for the Canadian Victor, which is due at Auckland from Montreal on November 23. After completing discharge at Wellington and Australian ports, she is to return to Auckland next, month to fill up for New York, Boston and Halifax. Peak Price Of 126/. For the week ended October 11 last New Zealand butter went as high as 120/ per cwt on the Home market. The falling tendency of prices during the past few weeks has been attributed to larger supplies reaching England and the operations of resellers who got in on a rising "iarket and then unloaded their stocks. However, the prospects looked definitely good. The highest price was equivalent to 1/2| per lb, f.o.b. at Auckland. From the period August 1 last the New Zealam , supplies had been down 8 to 10 per cent, this being due to the exceptionally cold spring and lack of feed. At this time last year the weather was hot, and there was feed in abundance, v