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Show EXPORTS RAISING ! PBICEOF BUTTER Removal of Restrictions on Shipments Abroad Cause j of Present Prices. Removal of restrictions on shipping but-ter but-ter to foreign countries, together with a decrease in the production of cream for butter making. Is responsible for the increase in-crease in the price of butler during the past week or ten days, according to a statement issued yesterday by officials of s'ue'l''kem"'lti;k Crcame,"r company of In tracing the fluctuations in butter Prices since the first of the year, tile company points out that tile decline in Price, which caino immediately after the holidays was duo to several causes U that time of the year there always is a decrease in the consumption of "butter, Which is due to the fact that social functions func-tions become fewer and less pretentious. !,e same period usually marks an increase in-crease In production, brought about by the so-called "freshening" of a large number num-ber of cows at that season. This vear exceptionally ex-ceptionally favorable weather added to the abundance in production. V Prices, however, remained high in spite ol tne increased production, duo to the tremendous demand tor tlairv products tor shipment overseas. Allied buyers in Chicago and New York markets boosted the price of butter by purchasing all they could get at prices from 62 to CS cents a pound. This active foreign demand de-mand was suddenly removed about January Janu-ary 15, when word came that several cargoes of butter had reached England and France from New Zealand and Australia. Aus-tralia. About this time a rumor was circulated to the effect that the government would turn back to dealers the 13,000.000 pounds ot butter which had been commandeered several weeks previously. It was also announced that tho exportation of dairv products would be restricted. These factors fac-tors caused an uncertainty in the butter market, and prices declined rapidlv until they reached tho low figure which prevailed pre-vailed a few weeks ago. Low prices stimulated an active demand de-mand from the consumers, while at the same time they' discouraged the dairy farmer, who could not get enough foT his cream to pay him for feeding his cows, and who consequently stopped milking, miring the two or three weeks recently when butter was selling for 45 cents, production actually decreased 25 per cent. Toward the end of this period the government gov-ernment announced that it would take the butter in storage which it had' commandeered com-mandeered in the fall. At the same time the restrictions on exports of butter to Denmark, Norway and other European countries, with the exception of the central cen-tral powers, were removed. Immediately after the removal of these restrictions buyers appeared on the market mar-ket for Scandinavian countries, thus creating cre-ating an additional demand for butter which sent butter prices soaring. Advances Ad-vances of from 2 to 3 cents were recorded almost every day. On March 15 the prices of butter in the principal markets of the United States were as follows: Philadelphia. 66-b'7 cents: New York. 65-60 cents: Chicago, 61V.-62 cents: Boston. 63 ',4-64 ',4 cents; Portland, K2-63 cents; Seattle. 63-64 cents; Denver 60 cents; Salt Lake City, 60 cents. It is expected that the present price will prevail for about thirty days, or until the cows begin to feed on green grass. |