The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1920-03-18

L
season for butter may be said TO be-
gin IN May and end in April. Storage
! holdings are increased during May,
! June, July and August, and hence
/ these months are known MS storing
months" Storage holdings are de-
/ creased during the months from Sep
| TENDER TO April, inclusive. These
months are known as distributing
| months" September is sometimes n
storing month IL the season is late.
| The largest amount held in storage Oh
| the first of any month during a season
| is known as the peak load fog the
/ season. About three-fourths Of the
peak load is stored during June and
July; most of the distribution Is with
! in the months of October to March,
/ inclusive, About One-fourth of The
peak load is usually withdrawn during
December.
On May |, 1917, at the beginning Of
| the l9l7-lS season there were Il little
/ over 100000 pounds of butter in stdr-
| age. During the months Of May to Oc-
tober storage holdings showed Il let
increase Of a little over l03,5OO00O
pounds. The average wholesale price
/ for these months was 300 cents. Dur
ing June and July the net amount
stored WAS almost 77,5OOO00 pounds.
The average wholesale price for these
| two months was 37.9 cents
Withdrawal Boosted Prices.
From October to May /, 1918, there
was net withdrawal from storage Of
96OO0,000 pounds The average whole
sale price during these WOnths was
45,5 cents. In December there was 10
/ net decrease in storage holdings of
| 100000 pounds The average whole
sale price in December was 49, cents.
/ During the storing months of this sea
son, exports of butter totaled a little
over 100000 pounds and imports
about $4,000 pounds. During the dis
/ trlbuting months exports tOtaled over
/ l4,dO0,0O0 pounds and imports almost
4 100000.
by proclamation of July Q, 1917, the
export of butter was prohibited except
| by virtue of a special license. Butter
| was included i'm the presidential
/ license prOclamatiOns of October 3,
1917, and January 10, 1918. II was in
the list of restricted imports April
-, 1918. During the period from May,
/ 1917, to April, 1913, the average III Der
/ cntial between wholesale and retail
/ prices was cents.
On May !, 1918, at the beginning cf
/ the 19lS-l9 season, there were a little
| over 100000 pounds in storage. Dur
ing the months from May until Sep
7 tenbcr storage holdings showed a net
increase Of slightly over 9l,OOOOOO
pounds The total production from
May until September was b., jOOO eco
pounds. The average wholesale price
for these months was 12.9 cents. Dur
ing June and July the net increase in
storage holdings was 100000
pounds, The total production for these
two months was approximately 202,-
OOOOOo pounds. The average Whole
sale price fer these two months was
l2G cents. The movement into stOr-
age OF such large proportion of the
market and consequent decline in
price, From September until May
1919 there was a net Withdrawal from
storage Of 92,OOO,OOO pounds The
average wholesale price for these
months was 49, cents. During Decem.
Der there was 4 net withdrawal OF Il
little more than 2O,5OOOOO pounds
The average wholesale price in De
cemhcr was O. cents.
Fluctuations During Winter.
In December the wholesale price ad
yanced another cents and the retail
price I cents, although production was
practically the same rs in November
and there was n net decrease of %,
100000 pounds in the amount I'm StOr.
ngo. During December, however. 1000.
coo pounds were exported.
The wholesale price for January
1919, was 60 cents; for February. ~
cents. and for March, go cents. The
amount produced in February was
almost 100000 pounds less than I'm
January During February. however
there was net decrease in cold Stor.
age holdings Of l25OO0OO pounds
which was greater 10y 100000 than
the net decrease during january The
wholesale price IN April was o. cents
During this month storage holdings
showed net decrease Of 20OO,OW
pounds, but over S.OOOOo0 pounds
We're exported. During the season
l91S-19 the average diffprentlal be,
tween the wholesale and retail price
was > cents, approximately The same
as for the l9l7-lS season.
The 1920 season VIII not he com
pleted until May !. On May |, 1919
1T the beginning OF the season there
were approximately 9,5O00m pounds
in storage, During May, June and
July, 1919, production increased. From
May until August there was great
decrease IN the amount exported