The Daily News. TUESDAY, APRIL 14, 1903 BUTTER.

Taranaki Daily News, Volume XXXXV, Issue 91, 14 April 1903, Page 2

The Daily News. TUESDAY, APRIL 14, 1903 BUTTER.

Thk following particulars regarding the late but'er season, from a contemporary, will be read with interest: "The season for exporting butter is just about c'osirg, and although local producers bava 10 cause for complaint, the de.tlers are likely to remember th« season, beciuse of the losses that have been incurred. A week ago there was some p:o=peet of a rsvivs l , and New Zealand butter did advance slightly, but later Recounts show that there if. again a depressing dullness. The average price for the season will probably sliott a decline of 8s to 10s per cwt. There is no doubt that foreign supplier which ehow an enormous increase, ar< aflecting tho market, and there is alec the fact that the working classes of the United Kingdom are not so fully employed its they hive been during tht past two or three years, thus curtailing their spending powers. The Board of Trade figures for January show that the imports of Auetraiian and Canadian butter for the month totalled 49,086cwt, as agaiDsfc 102,454 cwf for the corresponding month of last year. The only colony to show an increase was New Zealand, which sent 200cwt more ; the bulk of the decrease arose c! rough the almost entire absence of imports from Victoria and New Sou'.h Wales. The imports from foreign countries amounted to 301,591cwt., as compared with 256,185cwtin January, 1902, Denmark, France, Holland, Russia, and Argentine being tbe principal contributors to the increase Russia sent 20,560cwt., against 11,205 cwt. last, year, and 7144cwt, in January, 1901. The production of butter in Siiifliia is increasing rapidly. Accordins to the latest figures there were 2500 es'ablisbmen's at work in 19C2, which produced 90,280,0001b, against 1800 factories in 1901, producing 67,168,3201b, and only 140 factories in 1898, with nn output of 5,416,8001b. Denmark, Russia, and Canada store n considerable quantity of butter, which is sold in the winter months at much b?low Aus'ralasian butters, and this tends to check any extreme prices being paid for the latter. It will be interesting to watch the market movements from now on to eee what etteet they wili have on local prices next season."