COMMERCIAL.

Northern Advocate, 10 April 1911, Page 6

COMMERCIAL.

THE BUTTER MARKET.

The Auckland Farmers' Union, through their agents, Dalgety and Co., Ltd., are in receipt of the following advice from their London office, under date sth inst.: — Market steady at present prices, lotal imports into the United Kingdom for week ending Saturday last, 71,----000 cwts as compared with 70,000 cwts for corresponding period last season. The Copenhagen official quotation is three kroners higher, Colonial unchanged. We quote:— New Zealand butter, salted, 107/-. Danish, 113/-. Finest Australian, salted, 100/-. Finest Australian, unsalted, 106/-. Cheese. —Steady from 61/- to 1/raore. THE LOCAL MARKET. The local market is a little easier in consequence of the recent rains, and buyers are not very keen at 10% d, but those factories who have not sold April-May are holding off for lid, and if the southern demand continues are likely to get it. It largely depend-; on the extent the South has benefitled by the rain. MAIL ADVICES FROM AUSTRALIA. Supply of butter continues very heavy in Queensland, Victoria anl New South Wales. Sydney market rules steady at 86/- cwt for best brands. In Melbourne the top price for choice Western districts is 10d. Brisbane quote a dull demand generally up to 88/- a cwt for prime quality. CANADA'S BUTTER TRADE. The following extract from "N.Z. Shipping and. Commerce" will be of interest:—lt looks as if Canada with her large increase of population and further natural increase, will become an importer of butter in time to come, which will have its effect on prices. "Canada sent 17000 cwts of butter to the United Kingdom in 1910—a fall from 23,000 cwt in 1909 and 43,000 cwt in 190 S. The Australian butter export to the United Kingdom in 1908 was 409, 000 cwt, in 1909, 397,000 cwt and in 1910, 640,000 cwt. In 1905, the import from Canada was no less than 291,000 cwt. In the case of Canada the dec lino is continuous and the trade would now seem to be approaching extinction; in the case of Australia there is a remarkable increase, and the butter is declared to be "the best that comes into the market despite its long journey." There is, says the "Canadian Gazette," a substantial explanation of the Canadian decline in the growth of the Canadian home demand. In five jears, 1905 to 1909, one million new arrivals entered Canada. The Canadian home consumption of milk, butter and cheese is said to be increasing at the rate of over 2,000,000 dollars in value a year. The new arrivals in Australia must be counted in hundreds. Another factor making for decreased Canadian import- is the lower United States Tariff on Canadian cream —the raw material has gone South in the form of cream to lower the price of butter in the United Stakes, instead of East in the form of butter for the British householder. But the agricultural experts of the Dominion and Provincial Governments of Canada are showing the farmers how to double the milk output by better breeding, oetter feeding, and better weeding. In Eistnrn Ontario these improved methods have already resulted in an average increase increase in production per cow of about 20 per cent, so we need no , : despair of the export butter trade of Canada." Frozen Meat. —Poor demand. Mutton and Lamb.— %d to Vi-d lower. Beef.—Unchanged. Tallow. —Buyers have withdrawn from the market owing to continued riecline. Further decline expected topaorrow's sales.