"BEARING" N.Z. CHEESE.

Dominion, Volume 5, Issue 1496, 19 July 1912, Page 8

"BEARING" N.Z. CHEESE.

SIDELIGHT-ON THE HOME MARKETS ~■■•■.■ ■■ : ■: t ■ r . ' The-.secretary' of the South\lsland Dairy Association (Mr. J. R.'.Scott):has'receivedthe following 'communication . dated May. 17, from ono'of.'h'is London; agents, in 'retcraice. to the alleged- "bearing" of, the cheeso market at-the: end of 'April'liy. socalled magnates of the trade ■to suit their operations in the Canadian cheese market:—' ■;.■.-. .';,''"'• ':'■■ .'■ "We'aVe sm'e ;,it will interest "you to have... an explanation '.'regarding 'the remarkable decline in tho prices of New Zealajul cheese from '22'•down to Maj - 3. you v;ill remember that'last year W 1 pointed out that Canadian cheese wos (lie dominatim;/ variety in* Use in 'th's count) , }', and that every year at this time ttfe' interests-of New: Zealand;,chcese-mak-'■i-rs "are.'sacrificed, to the personal interests .of the'largo firing in this country,..who operate- largely in the Canadian article. New Zealand cheese on Marcli 22 stood 755.. and it's statistical position.. was. as strong a.s it.cduld possibly be. but the interests of. thoso -firms in this country who bi\y Canadian- chce?e. wer-o oppc-ed to the New Zealand, article at. such .-in extraordinarily; high-p'rioe: So lone as 4 Xew Zealind dneke was sellins at this figure there was no , prospect of Canadian cheese being offered at less money, and to those operators who .commenced, the; new fs-a-son's Cannditin'. ■busiuess.'nt such high prices this was suicidal. C'pnseciuontly an attempt w,i.; marie to bring down Xew Zealand to the normal" price of "ordinary years in May. ■ and.-proceedings" were set nfoct to'-attain, this purpose. How . successful-! Key werei .i.s-.shbwu by-the followirisr .fjsm-ej;—For "tha ,, seven weeks com-iiioncing.-Mnvch 22 the range of prices was.— ...

■ ' '■ >/d. ,- --s.il."-"'' '74 0 to 75 0 per cwt. 7S 6 to-7-i 6 per cwt. . 73 0 to 74 0 per cwt, 73 0 to 7-i 0 per cwt. ■71 6 to 73 0 per cwt.' N ...G9 0 to 70 0 per cwt. and on May 3.GS'O lo 70 0 per cwt. "The means to secure tlieso were that certain large-holders of New Zealand cheese were, weekly offering at less than tho -market .value, and, in addition, through the aid of brokers, rumours were circulated the immense increase in the shipments of Now Zealand cheese this year compared with last, and the climax was reached on May 3, when tho Home and Foreign Produce Exchange Committee met in its usual way to receive the prices of >aetual sales of cheeso mads by tho various importers. , O,n that day six of the largest importers of Xew- Zealand cheese, who also handled Canadian cheese, s-3iit in their quotations as GBs. We were the only firm,.wß believe, who quoted 695. "The position had been getting more serious every, day, and in'our weekly re'port of May-3 we determined to-expose these alarming reports about the increase of New- Zealand .shipments, which were said to be'4o to 50 per cent, over those of bit year. Wa published from Ihe Brta-nl of Trade returns , andrfrom the cablegrams of shipment? from Now Zealand- due to arrive up to the middle : f ■lune I .this year, tho imports of cheese for the season compared with the previous f.enson—from October until the middle of June., inclusive—and the next day the 'Gincer;' in' its leading article, called ntbntian to this remarkable reduction ; n prices - , and in its market report on chee-e : s.iid: 'At this period of the year the market often takes an easier turn with Canadian offers coming more to the fore: also there is a desire on the part of operators to see prices down.' "On May 7, a circular from Messrs. was issued, which speaks for itself, as t solicits offers for Canadian choicest -factories of September and October white cheese at 71s. Gd.; the Home and Foreign Produce quotation of May 3 Ireing—for whit? Canadians, 745. to 755., and coloured 73?. to 755. Tho result of our report of May 3, showing the.cxnc-t position, v'as to check and break altogether this combination to reduce the. prices of Now Zealand , . And-on May 11 tho 'Grocer' in a second loading .article staled I'liat 'Signs were not wantiir; that the weakness recently shown in tho chposo market was entirely un-.war-ranlsd and premature. Thi-i week has Keen quite a clianse, and tlio market is active and nricas hisher. The change ! s particularly noticeable in the New Zealand oheeso market because it was there that most of the weakness was show;i, Canadian chec'ie bi'injr held rathor firmly right .aloiis'; and in its market report of that day soys that, 'At this period of the ye.ru , there is t.ho usual fksire.to get down prices of Canadian fodders with a view to future operations.' The result has borm that: since we published, on May 3, our report of tho actual position the market has recovered its position almost to what it was at the-beginning of April— \ nosition from which it should never havo l>ps!i dethroned." '

" "Tis unwise to buy a pip In a poke.-" Before deciding on what Vats to install, tho Mangatoki and Eltham Dairy Companies made thorough investigations in order to get the best make. They enme to the conclusion that "Victor" Vats aro easily first, and placed order for fifty. Oilier factories should follow suit at once and so make certain of getting their "Victor" Vats at an early date. Albert J. -Parton, Manufacturer, Carterton.