COMMERCIAL.

Auckland Star, Volume LV, Issue 166, 15 July 1924, Page 8

COMMERCIAL.

DAIRY PRODUCE. Messrs. Xorden and Co., Ltd., in their dairy produce circular, dated July 14, 1924, report as follows :— Butter.—During June butter advanced from 16S/ to 172/ for salted, and 178/ to 100/ for unsaltcd. Present valueß are ISC/ to 188/ ac against 148/ to 150/ for the name period last season. The total importations of butter from all sources into Great Britain during May was 29,044 tons. when the average price for New Zealand was 108/0, and, during the corresponding period for 1023, • 127,0254 tons wi*re imported, and the price for New Zealand was 143/ C. Cheese.—With the disappearance of accumulated stocks, New Zealand cheese during June advanced from 83/ to 94/, and' to-day's market Is nominally 90/ i or coloured and 02/ for white, whilst for the same period last season prices were 84/ to S6/. Great Britain's importations of cheese from all sources during May was 15,426 tons, and during that month the average New Zealand price was 84/. in May, 1023, the total importations were 12,300 tons cheeeq, and the average price 92/ for New Zealand. Production.—The official figures of the Dairy Division show our stocks In cool stores throughout New Zealand at the end of June were: Butter, 39Y2 tons; cheese, 4445 tens. The production of butter in June was 1103 tone, as against 746 tons for the same month for the previous season, and 1010 tons cheese against 971 tons for June, 1923. The total make for the 11 months ending June. 1024, was 61,213 tons butter and 73,810 tons cheese, but, on a buttcrfat basis, there is a decrease o£ .18 per cent for the 11 months ending Jnne, 1024, as compared with the corresponding period 1923. ORIENTAL RICES HIGHER. Japan continues to be a heavy buyer of rices in all markets, which is a decidedly bullish factor in the markets. Advices from abroad indicate that stocks of rices arc steadily becoming smaller, and that Burma has only a total of 750,000 tons for export on May 1. and COO.OOO tons in Saigon. The markets are all in a strong position and prices were recently advanced. CALIFORNIA!? RAISINS. The Raisin Growers' Association of California announce that carload ship meats of raisins made by the association during the first four months of this year were far In excess of shipments made during corresponding months for the past four years. A total of 18.10 carlonds of raisins were shipped by the association from January 1 to May 1 of this year. This means a movement of approximately , 80,000,0001b of raisins out of California for that period. The largest amount of raisins shipped during a similar period in the past four years was in 1922, when 01,000,0001b of raisins were shipped. CEYLON COCOANUT OUTLOOK. Ceylon exported 765,215ewt of desiccated eoeoanut in 1922, and 818,793cwt in 1023. It is the general belief that the year 1924 will be a dry one, and It Is anticipated that the current year's crop will be a comparatively poor one. There will probably be a considerable nut-fall if the predicted drought sets In. Taking into account these circumstances, it is estimated that the 1924 crops will be even leaner than those of ,1923. Another forecast is that the first six months will be poor, while the last six months will produce a much more abundant harvest.