New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-08-29
LIGHT EXPORTS OF BUTTER
EFFECT OF A LARGE FOREIGN PRODUCT.
SHIPMENTS OF BUTTER AND CHEESE cUR1AILED BY
LOW PRICES ABROAD AND HIGH PRICES Al
HoME-DARYMEN HOLDING BACK THEIR STOCK

eff YOU want to summarize the causes OF TIE
heavy falling-o this year in the countrys exports
of cheese and butter" said well-known whole
sale dealer dairy products yesterday, ascrloe IL
to an unprecedented product abroad, late season
at home and the speculative spirit and greed
for higher prices among our dairymen. lHre
have been other minor influences which have al
fectcd the export movement, but those have men,
toned the most prominent"
Talks with members OF the commission trade ana
with exporters had by TRIBUNE reporters fully sus-
tanned the view expressed above. All accounts
agree that the quantity Of butter and cheese made
this year all through Europe has been enormous
while here the cold and late spring put home dairy
men from two weeks to month behindhand 1t IS
generally agreed. however, that even these
circumstances would have been modified
in their influence if prices in the markets
here had not opened high and If stocks had not been
held back for further advance. The daIyneh
have been tempted TO follow this policy 1t Is SAID
by the fact that the drouth which occurred last
year largely curtaied late dairy productions, ana
left the market bare when the season opened TINS
year In consequence of last years drouth, prices
also closed high in 1851 and darymen, without
knowing how fortunate foreign countries were to
be this year IN their dairy products were indispo-ed
10 part freely with their goods with
ont large profits. II is not asserted that there
is any combination to hold back stocks, but 1t Is
believed that the daiues following the same
course from similar views of the situation, taken
indepcndentlv The influence Of oleomargarine
exports upon The dairy exports of the United States
Is not believed by most dealers to have been more
than supplemental to other Influences. Until late
in the year is impo ,sbl- to state, approx
mately, with anr degree of accuracy, the produc-
ton of the dairies, and estimates to the amount
vary according to the situation in the market OF
the dealers The receipts at New-York up
to this time have fallen considerably below those
OF the corresponding period in ISL and the farm
er, say that they are moi holding back their prod
ucts As 10 cheese alone. il il believed ny many
persons thata large part of the decrease in tho ex
pOrts be accounted for throug heavy increase
In consumption. which has absorbed much stock Tor
mcrv shipped abroad. Among exporters trade has
of course. been very sluggish this wear. Opinions
differ as to the eXcnt 10 which this country be
able 10 recover it, lost ground IN the expectation OF
d.irv products during the remainder Of the year
james II. seymour PRESIDENT OF the New-1ork |
Mercantile Butter and EgC Exchange. said IN re- !
card 10 this subject " The decrease IN M exports
of orr dairy products this wear can be aScrhcd 10
the simple tact thar cur prices have been TOO hlgh
70 compete vs., Ia the foreign inartc's. VI course
there q reasons back of il winch have prodnc'd |
this state Of thing. The season abroad was eariy |
and tie product OF butter and cheese has been very
lar0e Here we had a cold, late spring, which sci
tha dair,meu back at least two weeks. Even that |
can have an important effect on eNnorfs, wnen You
r,nerber that we sent out of New York in week
last wear 1870 900 boxes of cheese eacn box averaR
inc about fifty pounds. june j. usually one OF the
host months for the export business and th's year
hardly any butter or chee - c"mp1f3tlY'lY 9p'dH
inp Vq> made until the latter part o. that month |
Then there has been large Increase IN ihr nome
consumption OF cheese. on account ol me h'Hh
prlces AT which meat have ruled. Those hgh prices
Of course resulted rom last years drouih, which
reduced both the quality OF cattle ana their prohuc-
non Then believe, too. that the consumption OF
butter at home has increased more rApl ly IMAM me
increase in It's poduciion. Inc eApoIl'll"n
] Il frstia fhqt ma q ~
Ilrtle unless the prices a the dairrs are very loW
me foreign markets really OF vaine 1nlN when
we have a big surplus at nome whlcn we wan 10
get rid Of. Take the nr-i-cld4- qua tl'7 "i "lI'I'
AID nj - cents per pound we cannot export Them:
! such butter commands good price ana yields Rooa
prnits IN the home marke 5, ana l. kept H'If 81"
nnt think that he expectation OF OleOmaTgaTlhr mas
| had amy important effect on our exports OF butter
vii warrant that less OF il j. being shipped to-day
than AT the same time last year, because the cost
of III. fat used for ITS manufacture Ii much greater
! n prrhaps mas influenced the shipments OF the 10"
grades-what We call hde buiter-as moss
| r1drs have 10 be very cheap in order 10 compete
! with good grades of ocomarearine Then You
| must remember that we are comparing hgures now
| with "A season last year when our dairy products
| moved ont freely. Before n was known thal or
| rrops we're 10 be so short and before the droutL
had burned up the past nrrS. those goods were sem
steadily 70 market. Later IN the season we had
| little to export q
! NrKrnzi, Newman 81 Co. agreed with Air. seymour
! in his views as 10 the non-ntuence OF oleomarGa-
rine exports upon the loss IN exp"rs oI ul;Iy
! nrnlurt, adding: " he exports OF O,eOulaT2aIlne
! oil i'm " Inch shape the great bulk o. tnat product
| pors have not amounted 10 Onc-bali OF VIA, they
! auonnted 10 MP 10 the same date .a,t year" lie
ase ribed the condition OF me export 'Id"c 20 'nc
| low prices which resulted from the heavy proIuct
abroad and the hIgn prices when followed the late
! season at home TIE quantity made IN thls g ulIJs
| i'm July and August had been very SOol anu IL was
| pos. bic that continued favorable weather mgIiI
! Increase the proancilon III September ana
octoh.r 81 a- To make no Tor the loss IN The crops
| eafv Iu the year. There would have TO ne con
siderable reduction IN prices, however, ms urh
held butter which they could not export III 10 CENTS
GChi.lcs E. Doty, ONO 113 Grcenwich-st., bro
kcr whose acquaintance WIN the lI!uo - oA,TG
se,-on from 1 10 . cent, per pound higher than AT
| The same time last year. f0r 'lddie Dutier 0ie,n
factory the pric. is from ~ 70 cents "Sd1Si -
! IN % cents la.t year With tlls exception all the
! gr;Ies of butter were held through the
| cary months Of the year az prices
Gi,ter than those Of last season. Imitation cream
! eric, which sold at IRON Is 10 l9 cents last year
! have been held ut from 20 10 - cents ana cream
ere, which sold no from u to 70 nave rulcd lAls
year at from - - 20 cents pouul ENTn ~. -
| Gu. ton in the laaIe' butter II not suhcieht 10
move 1t, for the foreign trade was S9oieu IGl
it by the nigh prices at "ch IL was ho uP w. -
/ season. AT present. prices are aoouu uoNH ="
what they were al tnls tHlc las' V' a. va" 80 -
country still holding BACK stoohS loI ~ a'Sdnr r
prices The drOuth late last year cur on our
| promotion of butter after the cary m'hths, anu
| hence the markets were cicareu ol 5'oc@ III tno
,,-irfcr The -easOl this year opened ate, on pare
markets and the speculative te'eI seems 10 law HaNo
taken complete possession OF our dalIS ngn. NJ
! have held back Ihclr products AT prices win "hich
! AZ, coull not compete with foreign narAeIe heh
! the nroduct abroad was the larg Il thit mas Deen
! knotyu lor years Our own state ualIymeh VIII h0u
| 81 taeir brands for less than 30 cents pouhu
m re j. no doubt also that the home consumption
at buttr and cheese mas increased one qA 'oi W.
| ttat' nf I,st year In round numbers, from June
! 10 August Is We are short at Ne"-1oIh dDout
! So 900 to 10000 packages IN our IeoeIPt' VI
butter and about 100000 20 llo,oVo lachHsoS
snort N our exports. That seems ~ Indicate al H.
| creased consumption. - IL ..a -
here viii reduce the production OF butter Tor the
| year ~ ~ r.-,;1 "Wbile the cold