BUTTER IN STORE.

Dominion, Volume 1, Issue 239, 2 July 1908, Page 3

BUTTER IN STORE.

SOME INTERESTING FICURES. . ■ PRICES UP. ' The following'figures show the quantities of butter in- store in' New> Zealand oh ' June 30:- • : , 1 : ■ . • '.Auckland ..... ... ; ... -13i805. •New ,' Plymouth : ...11,104 Patea 5,100 . "Wellington. ... ■ ; ••• 9,319 : • Lyttclton - - 1 ■ : Dunodm . .... . ••• . • ' ' Total ••• 39,18S Tlio total on Juno 30 last year was 47,532. There has been heavy exportation'of butter, from 'store during ;the past month, ami this has greatly rcdufced-tho stocks. ine quantities' in store at ;th? .end of- previous months were 'as . follow_ ■ (Jcwt. boxes). March, 42,711; .April, 70,123; May, 71,4/9 Tho reduction in the quantities m-store has ,'resulted partly from the improved outlook abroad (which has encouraged exportation), and partly-, as 'a.', result- of 1 a Taranaki''decision to export a stated, pro- • portion of the; stock ,in order to relieve ; tho local accumulations.. ~ The increase in r tlie . retail prico. of , bu "® to .Wellington consumers is obviously not justified (as some papers have reported) ■ uj a local shortage. Quite the contrary is case. Holders had, stored so literally that tl ere has been a. surplus ayailr.ble for cx;Oirt ■ Put the rise may ho attributed to the .fmprofed inquiry abroad. The rises in Aus-ira'-ia, the rumoured. inquiries from bout.. Africa' for our-..butter,, and. the firmness of ■prices in-London all tended to mpt view-that the. future for butter .was brighter-. course, cncouraged ! holders .or stock pother factor that has .|w| considered is- tho> splendid outlook spring. There is • everywhere abundance ol feed, and dairy cows' generally .promise .to enter the new: milking season/in at leas, , normal condition. . There .has,. therefore been no longer any. cause to hold stocks against a spring.famine. " ' y , ■ The new .season- will begin .about two months hence, and.- the New . public oo'nsume about. 15,000 boxes of bu ,P. month;- Tho 1 stores,' -therefore, contain enough butter for. two and a half needs. ' The present, net who esalo of New Zealand butter in London is about lM- I'd pound. 1 '•' 1 ~