The citizen. [volume] (Berea, Ky.) 1899-1958, 1920-03-11

business. ~ tens US that the stUrako
season for butter may be said to he
gin In May and end In April. Storage
holdings are increased during May.
June. July aud August. and hence
these months are known as 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 a
storing month II the season Is late.
The largest amount held IN storage on
the first of any month during a season
Is known as the peak load" for the
season. About threefourths Of the
peak loud 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peak load Is usually withdrawn during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 I, 1917, at the beginning Of
the 191T-1S season. there were a little
over 2,JOO.OOO pounds of butter In stor-
age. During the months Of May to Oc-
tober storage holdings showed net
Increase of a little over 03,5OO.OOO
pounds. The average wholesale price
for these months was 39.5 cents. Dur
ing June and July the net amount
stored was almost 77.5OO,OOO pounds.
The average wholesale price for these
two months was $40 cents.
Withdrawal Boosted Prices.
From October Ito May 1. 1918. there
was a net withdrawal from storage OF
$4,000. OOOspounds. The average whole
sale price during these months was
45.5 cents. In December there was n
net decrease In storage holdings of
3O.OOO.OOO pou-ds. The average whole
sale price In December was 4S.1 cents.
During the storing months of this sea-
son. exports of butter totaled little
over 2,OOO,OOO pounds and imports
about 10000 pounds. During the dis
tributing months exports rotaled over
100000 pounds and imports almost
100000.
BY proclamation Of July 9, 1917, the
export Of butter was prohibited except
~
was included in the presidential
license proclamations of October 8,
1917, and January 10. 1918. 1t was in
the list of restricted imports April
%, 1918. During the period from May,
1917, to April. 1918. the average differ
entail between wholesale and retail
prices was cents.
On May l, 1918, at the beginning Of
the 1888 season, there were little
over 100000 pounds in storage. Dur
ing the months from May until Sep
TENDER storage holdings showed a net
increase of slightly over 100000
pounds. The total production from
May until September was 372, 5000
pounds. The average wholesale price
for these months was 42.9 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,-
100000 pounds. The average whole
sale price for these two months was
42.6 cents. The movement into stor-
age of such large proportion Of the
amount produced prevented a glutted
market and consequent decline in
price. From September until May,
1919 there was a net withdrawal from
storage of 92,OO0.OOO pounds. The
average wholesale price for these
months was 5S.7 cents. During Deem
Der there was a net withdrawal Of a
little more than 2O,50O.OOO pounds.
The average wholesale price In De
cember was 81 cents.
Fluctuations During Winter.
In December the wholesale price ad-
vanced another 9 cents and the retail
price cents. although production was
practically the same as In November.
and there was net decrease of co.
100000 pounds In the amount in stor-
age. During December. however. 3.OOO,-
600 pounds were exported.
The wholesale price for January,
1919. was 81 cents; for February, 40
cents. and for March. 90 cents. The
amount produced in February was
almost 100000 pounds less than in
January. During February, however,
there was a net decrease In cold stor-
age holdings of 12.5OO00O pounds.
which was greater by 5.0OO,000 than
the net decrease during January. The
wholesale price In April was 62 cents.
During this month storage holdings
showed a net decrease Of 100000
pounds. but over 100000 pounds
were exported. During the season
1850 the average differential be-
tween the wholesale and retail price
was 8 cents. approximately the same
as for the 1918 season.
The 1920 season will not be COM
pleted until May 1. On May 1. 1919.
at the beginning Of the season. there
were approximately 9,5OO.0OO pounds
in storage. During May. June and
July. 1919. production increased. From
May until August there was a great