GOOD OUTLOOK

Hawera Star, Volume XLVIII, 27 October 1924, Page 5

GOOD OUTLOOK

NEW ZEALAND BUTTER. ANXIOUSLY AWAITED. AUSTRALIAN ACTIVITY. BY CABLE—PRESS ASSOCIATION—COPYRIGHT. Received Oct. 27, 10 a.m. LONDON, Oct. 25. The butter market has taken a quieter turn, the prices now ruling having made retailers cautious about buying beyond immediate requirements in view of the big quantities of Australian and New Zealand butter which will commence to arrive about a month hence. The quality of the new season’s Australian butters gives general satisfaction, and they are very welcome, as the best butters are not plentiful. Australian will he assiduously pushed this season, and one leading firm has issued a most attractive booklet with photogarphs illustrating dairy farms, herds, and factories, and also manufacturing processes, with a portrait of the record butter producer Melba XV as a frontispiece. This is being distributed by 25,000 leading retailers throughout the, country. Regarding trade conditions in general the newspaper Economist says that while business has not yet shaken off the effects of the summer seasonal depression so quickly as it did a year ago, the outlook is rather brighter than last month. The most unfavourable feature is the absence of any sign of improvement in the iron and steel trades, in which the conditions are in marked contrast with other major. industries. The future of the coal trade t for instance, is slightly more hopeful’ though the increased demand may be mostly due to seasonal causes. Textile industries anticipate considerably larger business this winter than last, a better outlook in the Lancashire cotton trade being the outcome, not merely of satisfactory crop conditions in America,- but of a growing inquiry from important consumers at home and abroad. Among minor industries like boots, shoes, pottery, etc., the general tone is quite good, while the extent of the demand for shipping tonnage in the last few weeks has come as a surprise even to those closely connected with the shipping industries.