The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1920-01-14

EGGS
~; ALSO MUST GO
Spectators Surprised at Early Reap
pearance of European Competition -
Had Planned Big Profits On Export
Business-Big Stocks On Hand.

NEW YORK, Jan l4.-Exporters
visions of enormous profits to be reaped
through the marketing of American
dairy produce in Europe when trade
conditions again become normal We're
rudely shattered by the recent arrival
in New York Of two cargocs Of Danish
butter aggregating nearly 100000
pounds, TO be disposed Of in this com
try.
While the amount received is not
great enough to have physical effect
upon the market, its moral effect upon
dealers was such that it caused an al
most immediate break III the prices
which have prevailed since The advent
Of cold weather, and wholesalers quoted
prices lower by 8 cents a pound than
those Of last week. Further price de-
clines arc predicted if the reports are
confirmed that more butter for the
American market is now on the way
| from Holland and Denmark.
| Relieving that Europe 5 dairy farms
| would not recover from the strain of
| tho war for several years after the ces-
| -aton Of hostilitics, local produce mer
chants have been piling up large guam
titles Of butter ana eggs in cold storage
houses here for shipment abroad when
cargo space is available Il was he
! neycd there would be 4 Tremendous, de-
mand ii European coun;lic, fot all
American produce that could be
landed
The unexpected arrival OF the ship
mcnts from Copenhagen sounded the
dcathknell Of these hopes 1t showed
that Danish producers again are To he
| reekoned with after an absence OF
nearly FIVE wears from American mar
kcts, and as a result Of this situation
the local spectators face enormous
losses. Tho renewal Of butter ship
ments. which arrive. here at several
cents lower han the local market quo
ration after fhc payment Of duty. will
force -DdttlcrSv rt47tsnload their export
boards at prices Tuinous 10 themselves
in many instances.
According to the report Of Ierschell
Jones. chief Of the New Work bureau
OF the Division of Farms and Markets
there are now in cold storage here ap.
proximately 2lIls,560 pounds al but
ter almost double the quantity hel5
nj this time hast year, which aggrega
ted II 1921 pounds | Is safe 10 as
sumo Mr.. Jones states, that the greater
part of this butter was held for export
when conditions are favorable. With
| the prospects of European market
: gone the holders of this butter will b
; forced 10 release H. and the moment i
reaches the market an unpreccdente,
slump IN prices II locked for Butter
wholesaling last week at Is to 20 cent.
pound already has declined To 81
cents.
Similar conditions apply to eggs ot
which there are now 9G.50S 20 dozen,
in storage against 1899 $50 dozens
year ago These, too. will have to b,
} cleared from the storage houses before
} warm weather adds to the surplus. anC
: with Europe in q position to supply it.
own grade and also 70 export quantities
Of eggs those held here will have to bC
dumped. II is estimated that the egg,
| have cost their owners about - cents
i dozen up to the present time Eaci
additional day in storage adds to theil
cost, and it is believed that many deal
ers will endeavor to get out from un.
der without delay in an effort To min
imizc- their losses