DAIRY PRODUCE

Evening Post, Volume CXVI, Issue 60, 12 March 1934, Page 10

DAIRY PRODUCE

THE MARKET LAST YEAR

Interesting details of the increased imports ot butter and cheese into a Great Britain during 1933 are given in the latest report to hand from W. Weddel and Co Writing under date of January 29, Weddel and Co. state that the total importation ot butter into the United Kingdom from' all sources during the past twelve months has again outstripped all previous records —no less than 441,726 tons, having been imported, 23,507 tons (5.62 per cent.) in excess of 1932. Aa.shown in the undernoted table, imports have steadily increased since the year 1927:— * Tons. Tons. Tnnq 1027 290,031 1029 319,8(13 1931 403 001 1928 305,«M0 W3 O SlljoSl IU. mill 1933 441J2U Unfortunately values throughout the year 1933 were on a lower level as evidenced by the fact that although the quantity of butter received was 5.02 per cent in excess of the previous year the valuation as placed on these goods at the time of arrival was £34,437,081, against £41,000,142 for the smaller quantity received during 1932—a decrease of 16.12 per cent. The under-noted analysis of im"ports shows the increase or decrease in the quantities received from the respective countries, comparing the year 1933 with that of 1932:— Increase. Decrease. P.C. P r sussia5 ussia "4 Finland ...... 3ai Estonia 00 Denmark . 2 Sweden 29 Argentina ... 4s Netherlands .. 210 Australia .... fi Jrish Free State 17 Kew Zealand .. 17 Other countries 28 Incidentally the re-export of butter from this country during 1933 was only 4285 tons, as compared with 15,272 tons during the previous year—a decrease of 10,980 tons (72 per cent.)'which, of course, means that the whole of that difference had to be absorbed by this market. Total importations of cheese during the year 1933 have also been in excess of 193^ but only to the extent of 1828 tons (122 per cent.) As in the case of butter, however, the monetary value placed on these goods at time of arrival shows a decline of 16.26 per cent., being £7,612,000 in 1933 against £9,089,757 in 1932. Comparing the year 1933 with 1932 decreased importations have been received from the following countries:—Netherlands 28 per cent Italy 15 per cent., Canada 16 per cent" and other countries 20 per cent., while increased supplies have been received from Australia and New Zealand to the extent of 26 per cent, and 11 per cent respectively. Mr. Harold Nelson, the chairman of the Nelson financial Trust, London, presidium at the general meeting, expressed the view that it the same measures of restriction were applied to rubber as have been applied to tea and tin the industry would see a return to prosperity that would attect a vast number of investors. The chairman of the Bank of London pfj."- h «merica (Mr-, J- W' Beaumont Pease) in the course of an informative speech said that owing to exchange difficulties, coupled with high tariffs th. amount of merchandise now entering Argentina is but half what it was four or five years ago, and its value is considerably less than half.

Wellington. £•£' Refrig. (10s pd.) 0 8 2 6 2 5 &.&. Breweries' .' 2 0 0 3 10 0 Dominion Fertiliser 4 0 17 7% Woolworths, N.Z. J P.™L) • ■ I 18 6 4 13 6 Wailu ; 1 10 4 .6 11 10 Auckland. Inscr. stock, 5% p.c. dissented ...+ 98 10 0 5 17 9 Oomm. Bank of Aust. 0 17 1 2 18 6 Sth. British Ins. ....-> 3 15 0 3 11 1 Auckland Gas 158 459 King Solomon 0 4 6 16 13 4 Unofficial— Invest. Exec. Trust (2nd B) 90 0 0 n. Christchurch. Comm. Bank of Aust. 0 17 1 2 18 0 Nat. Bank of N.Z. ... 446 274 P. and O. (def.) .... 14 0 — Kaiapoi Woollen (17s Pd-) 0 98 — Dominion Fertiliser 0 17 6 — N.Z. Paper Mills .... 1 10 5 4 11 Woolworths (N.Z.) (pref-) 1 19 9 4 10 7 Bank of N.S.W : 34 5 0 2 18 5 A.P. Assurance .... 0 11 1 12 7 Goldsbrough Mort .. 1 13 3 1 10 1 N.Z. Befrig. (cont.) 0 8 1 6 3 9 Electr. Zinc (pref.)* 1 15 2 4 11 0 Bell-Hooper (Is pd.) 0 10 —' Bell-Kilgour 0 0 7% — Central Shotover (Od Pd.) 0 1 1 — Rawang Tin 0 6 11% n. Waihi 1 10 6 6 11 2 Dunedin. Bell-Kilgour 0 0 7% — Moonliglit-Nelson.'s .. 0 12 — Oxenbridge Shotover . 0 0 10% — Goldfields Dredging .. 0 0 9% — * —Cum div. tSpecial tax under Conversion Act. n—Dividend or interest not available.