New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1920-03-19

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 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 IL the a 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 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 o%ne-fOurth of the
peak load is usually withdrawn during
December.
On May l. 1917. at the beginning of
the 19l7-1S season, there were a little
over 2,5OO.OOO pounds of butter In stOr-
age. During the months of May to Oc-
tober storage holdings showed a net
increase of q little over 103. 100000
pounds. The average wholesale price
for these months was 39.5 cents. Dur
Ing June and July the net amount
stored was almost 77,50O.OO0 pounds.
The average wholesale price for these
two months was 37.9 cents.
Withdrawal Boosted Prices.
From October l to May /, 1918, there
was a net withdrawal from storage Of
96,0O0,0OO pounds. The average whole
sale price during these months was
400 cents. In December there was Il
net decrease in storage holdings of
3O.OOO,0OO pounds. The average whole
sale price In December was 4S.1 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
tributlng months exports totaled over
14,5OO,0O0 pounds and imports almost
100000.
BY proclamation of July 0, 1917. the
export of butter was prohibited except
ny NhAut VI u slNNibi iN'iiEt
vas included In the presidential
license prOclamations of October :.
1917, and January 10, 1913. 1t was in
the list of restricted imports April
22. 1913. During the period from May,
1917, to April. 1918. the average differ
entail between wholesale and retail
prices was 3 cents.
On May 1. 1918. at the beginning OF
the l9lS-l9 season. there We're a little
over 100000 pounds In storage. Dur
Ing the months from May until Sep
TENDER storage holdings showed "A net
INCREASE OF slightly over 81 O00.0OO
pounds. The total production from
May until September was 372,50O,0OO
pounds. The average wholesale price
for these months was 42.9 cents. Dur
ing June and July the net Increase In
storage holdings was 76,OOo.0OO
pounds. The total production for these
two months was approximately 202.-
OO0,OU pounds. The average whole
sale price for these two months was
42.G cents. The movement into stOr-
age OF such a large proportion of the
amount produced prevented a glutted
market and "A consequent decline In
price. From September until May.
1919, there was "A net withdrawal from
storage Of 92,00o.OO0 pounds. The
average wholesale price for these
months was 5S.7 cents. During Deeem
her there was II net withdrawal of q
little ore than 20.500.OO0 pounds
The average wholesale price in De
cember was ca cents.
Fluctuations During Winter.
In December the wholesale price adj
vanced another q cents and the retail
price I cents, although production wac
practically the same as in November.
100000 pounds In the amount in stor
age. During December. however. 5000,
900 pounds were exported.
The wholesale price for January
1919. was G2 cents; for February. AZ
cents. and for March. 60 cents. The
amount produced in February was
almost 7,OOO.OOO pounds less than in
January. During February. however
there was u net decrease In cold stor'
age holdings Of 12,JO0.OOO pounds
which was greater by 5.OOO,OO0 thar
the net decrease during January. The
wholesale price in April was e. cents.
During this month storage holdings
showed n net decrease Of 2,O00.OU
pounds. but over S.0OO,0Oo pounds
were exported. During the season
1859 the average d%iferential be
tween the wholesale and retail price
was ) cents, approximately the same
as for the l9I7-1S season.
The 1890 season Will not be com
pleted until May I. On May 1. 1919
ut the beginning of the season. there
were approximately 9.JO0.0o0 pounds
in storage. During May. June and
July. 1919. production increased. From
May until August there was n great
decrease in the amount exported
Disregard Korean PreJudiees.
nna of the preot obstacles ia road