RISE IN PRICE OF BUTTER.

Dominion, Volume 1, Issue 133, 28 February 1908, Page 8

RISE IN PRICE OF BUTTER.

... .'ijiy iiEi.EGttirii—rnßs's.iissociiTiqOT.-'.;, : ,: Dunedin, February 27-.-' . The price- of. first-grade' factory-butter, advanced 1d... per- lb. t'Orday,'. qnd/'tlie-'wholesalo tariff now. stands—bulk;:'-.is,':.ljl.' iirint'^ ; ls. ; l|d.-- booked, and 1 Is. l}d. cash. r J^o'reason 1 given .for l-the., advance • is' that'North--island' firms, -have .beqii., buying -. butter ..on. .this i mar-! ket.to ,-fill. orders for! .export,-, aiid'..in .'order to .ensure a supply; for. local . requirements tho TTaieri'-and.Peninsula' Company..lias beeii coffipellod' to . put up the price. ' ■Auckland, 27. .Tho. of • butter;Js becoming so pronouncpd .that-the priqe of . all .hfands of (be factory article - is beiiig increased to is. 3d. per lb. "wholesale as from'to-ddy. ! .

'(by TELEGRApnr-'spECUL connESpdrrbiNi.) - ' : •' •''] D February -27. The; butter -was' disturbed to-day. The price advanccd from ls. is..-, 3d. per lb./.-Mr: M'Farlarie, , a', director,of - the Taieri-' and Siipplyi .Com.: .saifl'-th.at; the 'rea'sdh for. tno ; rise .was t-lio:.high; .prices ■■■rifling, at, H;omb ,and [tlie scarcity of. ;inijk' supplies', north' -and/',even ' south of J)une(lin. There .Was not the slightest clouut that the Taibri and . Peninsula! firm would liaye to close a number of their northern /creameries. if: good:.rains.;were riot experienced shortly. Their milk supply, was falling. considerably,;, and: the . present- season's supply in comparison- with-that- of last year . showed :a. remarkable fallirig-off. The firm were now. offering, lid. ' per lb. /for but-, tbr .fat, as: against 10d.; last year,:.and next month; the 'price to"'bb, offered'.w'ojild -be sure to advance -another-penny.■; /He''was'<'ofvthe opinion that ' .the . price; of a butter: fwvthe coming, season .would, not,.fall ■ 15.;3d. : per lb., and thought/that before-long/another penny: per-lb: would'haveTto'be added to'the present price. , He/..howeyeri:,did-:not,';think that.' the .price'' would;-.bo/;immediately ' advanced.'

Mr. ;J; R:, Scott, produce exporter; offered raoro reas'surjiig advice',' giving it asHis".- opinion that the, advance, was\.a. purely, 'temporary one, • and- that, [the . present" inflate! values were, merely due .to . over-exportation arid gambling/'on. the Home market. " He thought, that all dairying-produce in Otago and Southland was fully 40 per cent, better this season than that of - the past- season.