THE BUTTER MARKET.

Dominion, Volume 1, Issue 269, 6 August 1908, Page 3

THE BUTTER MARKET.

As stated in The/ Dominion' yesterday, there is- some excitement in. tho butter marnot so /much on , account of. any immediate scarcity, but rather'on account ,of the extreme': tension in- Australia, where' stocks are inadequate for immediate needs. An Australian cablegram, however, 1 published yesterday, referred to the hear approach of the ' new season's output, which justifies a belief that the Australian famine will- be of very; short'duration. 'But'in the, meantime',, such'butter as is freo to leavo Now Zealand may ; possibly be tempted over, and the-New Zealand supplies will be lessened accordingly.' Although tho supplies that are freo to leave New-' Zealand aro : probably very small, - as most of tho butter in store is now. owned by firms catoring for the local grocers, it is reported that 700 boxes are' to be shipped from Wellington to. Australia to-morrow. This quantity represents as much .as New Zealandors need from tho stores for a day and a half's consumption. • It is, therefore, not a very appreciable withdrawal. But if additional shipments aro to follow, tho situation may become acute on this' side/ ,A holder of stocks hero may then well consider whether' ho will not bo wiser to'hold oivtoliis stocks for tbo much higher New 7 Zealand prices, which authorities are predicting,' ratherthan soil to Australia at the relatively lo,w price of Is. 3Jd. f.o.b. The'opening of the new season in Australia can scarcely bo much longer delayed. j . OUR DIARY. : SHOWS. • Bept. 2.—Bulb Show, Masterton. Oct. 21, 22.-—Hawke's Bay A; and P. (Hastings). October'sß, 29—Wairarapa A. and P. (Carterton).' Nov. 4, 6, 6.—Manawatu. Nov. li, 1?. 13.—Christchurch'. Feb. 26:—Bush: Districts . (Woodville). Nov. 11, 12.—rWanganui. Nov. 17, 18—Marlborough (Blenheim). Nov. 18, ]9.--Egmont (Hawera). Nov. 24,'25.—Ne150n. LONDON WOOL SALES. sth series begin ... Sept. 29 * 6th „ » ... Nov. 24