COMMERCIAL

Hawera Star, Volume XLVII, 26 September 1927, Page 10

COMMERCIAL

COLD STOKAGE IN LONDON. X.Z. MEAT BOARD’S PURCHASE. Ever since its inception in 1022 the New Zealand Meat Producers’ Board has been endeavouring in every way possible to reduce the various charges incurred in getting our frozen meat to the consumers at Home, thus increasing the nett returns to the meat producers of this Dominion. Through its powers it has been successful in obtaining substantial reductions in freight, insurance and other charges, but in regard to cold storage charges in London, where the greater quantity of our.'meat is landed, the board has not met with the same success, despite repeated efforts for years past. Some time ago the board took the option of a site on the Thames adjacent to Smithlield, and as a result, of the board’s action in this direction cold store owners have made a small reduction. which, based on the amount of meat shipped to London, would amount to approximately £30,000 per annum. The board does not consider that the rates have yet been brought down to a fair level, and it therefore decided to exercise its option, and has now completed the purchase of this site on the Thames.

DAIRY PRODUCE. LONDON AGENTS’ REPORT. The Ea mu ms’ Co-op. Organisation Society of N.Z., Ltd., have received the following market report, dated 11th August, from their London agents: — Butter. —The market has continued to take auii upward tendency .since ours of the 4th instant, with the result that all butters show values from 4s to 8s higher than quotations of last week'. Danish, after opening at 164 s Lo.b., is now quoted at 170 s to 172 s f.0.b., and with Germany operating more freely, owing to the now decreasing output from that country, Chase prices are likely to be maintained. The demand for box butter to-day is undoubtedly on the quiet side, which is really only natural after a rapid advance, but with __ Continental supplies decreasing and New Zealand, Australian and Argentine for the next three months only sma'l, especially the two latter, we see no reason why to-day’s quotation should not hold with prices moving slightly upwards during the next two months'. Cheese. —The market is firm but quiet, New Zealand sealing at 93s to 94s per cwt. and Canadian quoted at 94s to 96s c.i.f., and although "New Zealand stocks in this country are higher than last year the Canadian output is anticipated as being about 25 per cent, down, which should give confidence to the trade *a*t these prices, with the tendency slight’,v upwards. QUOTATIONS FROM LONDON. The Farmers’ Co-op Organisation Society of New Zealand, Ltd., have reeeiv. ed the following cabled advice from their London representatives: — Butter firm but inactive; New Zealand ISOs to 182 s; Australian 17Gs to ISOs. Cheese: Firm, 100 s to 101 s. Lamb and mu't'ton: Tone good. Beef: Fair demand.