COMMERCIAL

Stratford Evening Post, Issue 37, 15 February 1929, Page 8

COMMERCIAL

THE BETTER MARKET. NEW ZEALAND AND CANADA. VANCOUVER, February 13. Canada is the largest consumer of butter in the world, declared the Dominion Dairy Commissioner, Dr. J. A. Ruddick, before the Western Canada dairy convention to-day. He said the industry had shown progress in the whole of the Domin-

Much had been heard of the advantages possessed by New Zealand through alleged year-round pastures, continued Dr. Ruddick. He had an intimate knowledge o£ both countries and this alleged advantage was greatly over-estimated, because New Zealand winters were very raw and the cows suffered as much from cold as they did in Canada and production fell off. Moreover, the price of land in New Zealand was four times as high as in Canada. New Zealand had up by-products and trade costs, manufacture and marketing were much higher than in Canada.

Mr Berry, the president, took issue with Dr. Ruddick regarding the progress of the industry in Western Canada. He claimed that production had dropped, caused by t'he loss of the 3 per cent, protection through the Australian (treaty. In the past feKv ‘months 20,000,000 pounds of butter had entered Canada from New Zealand and Australia. The great tragedy was (that Australia benefited to only small extent, New Zealand, with which Canada did only a very small trade, securing practically all the profit.

BLEARED! OIL WELL. The following official report was issued by the company yesterday: “Still pumping and baling in 7-inch casing; working double shifts. Gas pressure and oil indications still good.” SYDNEY, February 14. Following an official publicatin here regarding the Blenheim Oil bore, a further slump in the shares occurred to-day, sellers reducing their limits to 40s without response. Taranaki Oilfields, shares(dropped one penny half-penny to 3s lOld.