DAIRYING INDUSTRY.

New Zealand Herald, Volume LIX, Issue 18211, 3 October 1922, Page 8

DAIRYING INDUSTRY.

GREAT BUTTER OUTPUT.

LARGE MONTHLY INCREASE.

SHIPPING SPACE ALLOTTED.

Tho remarkable expansion of the dairying industry in the Auckland Province is strikingly emphasised as the season advances. ' Each succeeding month the returns of butter received at tho grading stores show increases in butter production to such an extent that it is certain the great record of last season will be totally eclipsed long before the end of the present season unless some totally unexpected factor should intervene. . j The season hitherto has been favourable for production, and the conditions have been taken full advantage of by the farmers to swell their returns. It is abundantly evident that the farmers of the province are working at high tension in the dairying industry, which provides for them an opportunity to recover the position lost through the depression in the markets for tho majority of New Zealand's. primary products. \ The quantity of butter received for; grading at the Farmers' Freezing Company's stores this season to the <end of September was 174,736 boxes, compared with 102,680 received during the corres- ■ ponding period of last year, an increase ( of 72,156 boxes. The increase is all the' mori) striking when it is remembered that last season's production was in excess of that of tbe previous season to the extent of no less than 47 per cent. The returns of butter received at the grading stores during September servo to emphasise that the rate of increase noted at the beginning of the season is being maintained from month to month. For the month ended September 30, 116,123 boxes were received, compared with 73,080 received during September of last year, an in- j crease of 43,043 boxes. Value of Butter Shipments. With such a marked increase in butter it is onlv natural that cheese production should snow a decrease. It is generally accepted that butter will prove more profitable than cheese at least till Christmas. Several factories have turned from cheese manufacture, to butter, but any market fluctuation that will give the advantage to cheese will result in cheese production being greatly stimulated. From July 1 , to September 30 this year, 1793 crates were received at the grading 6tores, com- ! pared with 5778 for the corresponding • period of last year, a decrease of 3985 crates. During September 1157 crates wero received, against 5235 for September, 1921, a decrease of 4078. Assuming that the current quotations for butter will be maintained on the London market till Christmas, the value of the butter produced in tho province for export this season to date already reaches a substantial total. Expert opinion agrees thak little change should take place in market conditions till the large consignments of October and November butter reach Britain. The butter produced to the end of last month should, therefore, meet a good market. At present quotations butter is worth apporximately £5 a box. Tho total of 174,736 boxes received up» to the end of September, if sold at current quotations, represents in value about £873,600. It is interesting to note that the increased production of 72,156 boxes over last year'n output to the end of September, basing the valines on current quotations, represents about £360,780. Need of More Regular Services. There were no shipments of dairy produce to Britain during September, the. only consignments overseas being about 1200 boxes of butter by the Niagara. The allocations of shipping space fov butt*r and cheese in the near future, however, in some measur? compensate for the shortage in September. In view of the largely increased production this season, and the_ fact (hat butter arriving after Christmas is expected to reach a more or less congested market, it is to he regretted that more regular services are not available to place the New Zealand butter on the British market as soon as possible after it is manufactured. Tho comparatively low figure realised for New Zealand butter in Britain last season wa« stated by London merchants to be largely due to irregularity of supply. A great butter clearance from Auckland should take place during tho next few"' weeks, space having been allotted to November 4 for 227.600 boxes for British ports. The OorintFTic, which is due to start loading to-morrow, will take 75,000 bores of butter and 1600 crates of chep.se; the Port Napier, on October 9. 44,000 boxes; the Dorset, on October 17, 55,000 boxes: end the Waimana, on No-ember 4, 53,500 boxes of butter and 5000 crates of cheese. The approximate value of these eon-, signmente of butter at current market quotations ia £1,137.000. EFFECT OF S.OOL PROPOSALS. LONDON OFJERS REDUCED. (NY TSLKGBAI'H. —OWN CORRESPONDENT.] CHRISTCHTJKCH. Monday. Because of tho probability of a dairy produce " pool" being established, orders from London for private shipment, are stated to have fallen off. Orders now being received are purely speculative and all hedged with various condition!) regarding shipment. Offers applying to the October shipment have just been extended to November 15. This is come concession, but in the ordinary course contracts for soveral months ahead ! would have been completed by now. Allotments for tb« shipment in October of butter and cheese- wero originally exceptionally heavy. The allotment of butter was for 419,000 boxes, and for cheese 43,850 crates. However, the sailings of the Waimana and Durham, tho vessels which were to carr3' a portion of this cargo, have now been deferred until November. Taking this into consideration, the expected shipments in October are as follow, a comparison with last year also being given:-— Oct., 1922. Oct., 1921. Butter, boxes... 290,000 133,869 Cheese, crates.. 18,850 36,542 The large allotment of butter shows that factories aro anxious to ship before any scheme of contol operates. Tho effect of this large allotment was to cause London buyers to reduce their offers. Prices reached Is 9d per lb. f.o.b. net, but rates have now been reduced to Is 7£d. The market for cheese, however, is very firm. Less cheese is now being made,'as many factories with dual plants aro manufacturing butter. The offers for cheese are from 8d to BJrd a lb. f.o.b. not.

INTEREST Of POOL SOHEKIL BUYERS LESS ACTIVE. [BX TIILEGBAFH.—OWN COBRESPONDENT.) WANGANUI. Mondar. The proposed dairy pool is creating considerable interest along tlie Weßt Coast, and at Wanganud a meeting of representatives of all the dairy factories in the district is to be hold this week to consider the matter. In view of new developments it is reported that buyers of dairy product) have not been active for some days, being content to hold off to see the result of the S reducers' efforts to establish control of the aiiry industry.