REPORT ON THE MARKET'S

Hawera & Normanby Star, Volume XLII, Issue XLII, 4 January 1923, Page 2

REPORT ON THE MARKET'S

Mr. R. Ellison, representing the National Dairy Association of New Zealand, Ltd., reports under date November 3, 1922: —

The shortage of cheese is becoming very acute. Tlie receipt of cheese in Montreal up to October 14, 1922, was for'the season, 1,012,931 boxes. For the corresponding period last season !the. quantity was 1,369,326 boxes, ) showing a shrinkage of 336,395 boxes or 26 per cent.

j The estimated stocks of Canadian and New Zealand cheese in the United ; Kingdom on November 1, 1922, was i 118,250 boxes. Same date, 1921, the quantity was 355,600 boxes. The quantity of cheese on the water from New ' Zealand at the present time is in very | small compass.

j A factor in the cheese position at j present is the low retail price, viz., lld ;to Is per lb. This cannot continue, • and the retail price must shortly be ! advanced to ls 2d per lb or higher. | This will immediately affect the posi- | tion and the demand will fall off in thfc ; retail shops. Some of the large bu3"erb } have, no doubt, secured stocks ahead, i and can afford to retain the lower rej tail prices. The factories who sold ; their September-October cheese have unfortunately missed the advantage which they would have reaped by consigning.

Cheese bought at Btl per lb f.o.b. would cost landed at England S7s. The market price is now l'l6s to 118s and September-October cheese will realise round these figures, which means that if the cheese had been consigned, the factory would be to the good 3d per lb. However, this is one of the peculiarities of the trade. "When Sd or less was accepted, it was looked upon as a good price, and there was a large number of buyers in the United Kingdom who would not look at a proposal to buy at Sd per lb, reckoning at that time that the future of the market did not warrant it. Results have proved otherwise, and the consigning factories will therefore be better served, at any rate for the early make of the season.

The anticipated ' shortage of butter during the fall has not been anything like so acute as was expected. You will note from the accompanying table that to the 31st August. 1922, there was an increase of 409,533 cwt. as compared with the same period in 1921. For the month of September, 1922, the increase was 4-1,181 cwt. on 1921. Therefore for the nine months to September 30, 1922, the butter imported shows an i»crease of 22.600 tons over the same period of T9217 It is interesting to note that to August 31. 1922 (eight months) the imports of butter are more than double the imports for tire same eight months in 1920. In this connection the Canadian and Danish quantities have materially increased. Many purchasers of Canadian and States butters are finding much difficulty in disposing of same and they are losing heavily. The quantities of butter now on the water from INew Zealand and Australia are heavy, and it cannot be maintained. The industrial condition of the country is desperately bad and margarine is getting heavily supported. , For the year ending March 31. 1922, ! the Danish' production of butter" was 103.300 tons. Of this they exported 90.720 tons. For tne same neriod they produced 34,430 tons of cheese and exported 12.200 tons. j < ' - --JJM VrUBSEKY jtimr Lotion. Mothers. Don't let that parasite distress you. iJse Strange > Nursery Hair Lotion for pedieuli (Nits) —a sure rentpdy and 9timulant: 2/6 per bottle at Strange's.