BARGAINS IN BUTTER.

Dominion, Volume 1, Issue 224, 15 June 1908, Page 3

BARGAINS IN BUTTER.

DON'T SACRIFICE. GOOD ADVICE FROM AUCKLAND. "There is no talk of.contracts yet," said a gentleman.closely concerned ill tho butter industry, when questioned by an Auckland Herald ' representative (says our correspondent. "It is altogether too early. The outlook is decidedly moro hopeful than it was a littlo tune ago, becauso wo are finding now markets, and pneos have been nmintainod at Homo, v.'hero values aro considerably higher than usual at this time of tho year. We are also finding outlets for our butter in ,countries that do not usually draw upon us. Jiutter is actually going to Argentina from New Zealand. There is every reason to bcliovo that there is great shortage of Siberian butter, and that is the main reason for-tho present good values at Home. Tho values here may go up or down according to the temper of-those holding tho butter," Butter Worth Holding. Is there any ring? asked the reporter.' ' nil 0 ' <3 WaS u l i rop - ,y -, " There is "o ™g 5W IT V tter w . held for Ellington About 5/ tons have just been landed, returned from London, because of better priccs here; and probably about half the storas' v" accoun t of the factories "thomsclves No one with tho real interest of 1 y i a^- eart quarrel with the factories for holding, and for maintaining the best prices they can'get. If the butter is fnrinc at ,price'asked by tho factones, tlioy will simply saving over thoir storage for export at the opeling of 'next soaaon, and they- are, acting wisely. A Reasonable Figure. '

neZSf The fabt blo fo 1 r - thc now indicates a bare market' S T? r ® hlg ? le J ifrtf-jrrfcSrarH 2 atjraarS^^sa supply on last yearl ba |\r& e enT n 5 m'an/ttev^ n nt 0i t0 , offere luja., and they worked up to IOJd Ac Ur ad.ißoirotoH e s a to ad clo^ C v-Uh U o y oti r on i d n ' oi cept at an increase of at iel w 'n^k Consigning Pays Bast. ksSSlii give a guarantee, and a facto?" is sLured against loss m the event of a fall in urice • but. factories, should study, the nosition bp' careful°lv mg T"k Colltracts > ant l study it verv caieruii}. lake.an average over tile list toil years. In only two out of the ten did the buyers loso on contracts, and the nrofits = 1 ut season alone' 1 would more than reeoun all .they lost without countinH the profits-of lit thTba^YT 3 - T1 ' e «««» 0 K nth JI.H 1 on cont ract-s ; and their other bad year was some five or sis seasons increased Demand/. A great factor in the industry is the tremendous increase in consumution of butter, all over the world. , Peoolc are eathit more butter In the United' States there has been such an enormous increase in home thfs !°t -i 4™eri<» .is. consuming al] the buttoi it makes, and is practically absorbing all Canada makes as well. "In Aucki 3 ro«M ™Is a -' e °' Sreat market, and a rapidly growing one. It is estimated that the local consumption of butter has increased by over 50. per cent, in the last five years. There being such an enormous home consumption in Amenca, which draws so largely upon Canada, and the Siberian output having decreased so much, augur well for New Zealand butter during . the next season. It will go Home on a' practically bare market, ana on the present outlook factories will undoubtedly Hold out from contracts. It is fairly safe to assume that the bliyors, having been known to have made good profit last season, there will be far moro consigning on factories own account next season." ~