THE NEW ZEALAND DAIRY TRADE.

Press, Volume L, Issue 8676, 28 December 1893, Page 5

THE NEW ZEALAND DAIRY TRADE.

[from our correspondent.] - LONDON, November 17. An adjourned meeting of those interested in the New Zealand dairy trade was held last Monday. Mr H. Trengrou3e presided. At the invitation of the meeting Mr Henry Reynolds, the convener of the original meeting and the Originator of the proposal that a Committee should be formed to regulate the market price of high-class butter, explained to those present who were not at the first meeting the reasons and objects of the movement, namely, to secure uniformity and improvement in prices and to promote the interests of this growing trade. I need not recapitulate what I set forth very fully last week. It is only necessary to say that the views enunciated by Mr Reynolds met with the cordial and unanimous support of the meeting. Ultimately it was resolved that a Committee, consisting of Messrs H. Treogrouse. Coey and Oo, t Oetzer and Gerritsen, Oruickshank and Lo veil, J. W. Dot bridge, and Reynolds and Co., be appointed to meet weekly for the purpose of regulating the price of colonial butter, the weekly meetings to be held at the New Exchange, Cotton's wharf,

It was alsd proposed that Mr H. Reynold (of Reynolds and Co.), be requested to undertake the duties of Secretary, not only on the ground of his special capacity for the position, and of his being the original mover in the matter, but also because it was thought that as he represented (on the Committee) rather the producer and shipper than the London agents, bia prominence aa the Secretary, whose name would come specially under notice would tend to inspire more confidence on the part of the producers. ' It was further decided that rules for the conduct of business should be drawn up and submitted to the next meeting for approvalt and that the Committee should meet, for the first time, on the following Thursday/ .

On all hands the opinion was expressed that the movement had been very successfully inaugurated, and that An exceedingly useful step had been taken, which would bring about a marked improvement alike in the working of the trade at this end and the rate of prices iealised for New Zealand dairy produce. The new Committee held its first meeting on Thursday,and after careful consideration decided that the price of first quality colonial butter for the next week should be 124 a,: n

I learn from Messrs Coey and Co., that there has been a good demand for colonial butter, and all arrivals have been cleared. Canadian' cheese U slow, but sellers are holding on for current prices. From Messrs Reynolds and Co. I learn that Danish butter ie down 4a 6d to-day. It is supposed that this reduction is with the object of meeting the colonial consignments shortly to arrive on a large scale. It has '>een decided, however, to leave Australian and New Zealand butter at the rate already fixed for best, viz, 124 a. The Kaikoura has just arrived with 1500 packages of New Zealand butter, the first of the new seaaon'e supply, it ia reported as being in good condition, and I hear it is likely to meet with a ready sale ab the fixed pride.. Some choice parcels of Australian butter have gone as high as 1265. The Oruba brought 6815 boxes in good condition. The Doric ia expected in about ten days with a considerable amount df New Zealand butter. Its market prospects are regarded as favourable. ■•