COMMERCIAL

Northern Advocate, 16 June 1930, Page 8

COMMERCIAL

BUTTER AND CHEESE. Messrs Joseph Nathan and Company’s report of Julie 11, 1.930, in connection with the butter and choose markets is as follows:- . Butter. The market has revived somewhat during the last few days after a dull period of inactivity, and this has .tc» suited- in larger clearances from cool stores as compared with the same per T iod last year. Stocks in London have;also been re/ diiced, but this will bo counteracted rn some extent by, the heavier arrivals this month as compared with June last

year. The relative figutes being, this year 1(52,997 boxes compared with 132.144 boxes, or 'an increase of approximately .750 tonsi Wo anticipate the arrivals in London during the next; month or so will be heavier than those during the samp months last year anil 1 these arrivals . will . naturally meet, severe competition from other countries. ■' l ■ '

Production,—This is 'now showing the usual Seasonal decline and in some 1 districts fell away rather more rapidly' than was anticipated,-the recent rains ••coming ; too Jato to affect the position 1 to any great extent. The winter so far has, however, been particularly mild, and this, if it continues, will assist the stock to winter well and enhance next season’s prospects.

Offers. —There is little or nothing doing except for a few isolated sales and those are of little moment.

Canada. —Montreal prices are quoted

at 274 cents or ; 1/IJ.. Stocks in Toronto and Montreal arc reported as 51,832 boxes as against 23,023 boxes last year. Speculation is rife, as to the .probaf.de effects of the increased duty, but w.are of the opinion. that less business will be .done than formerly. Wo base our opinion to a certain extent oh the fact that the now American tariff on Canadian milk and cream will naturally divert supplies', to butter and cheese making. .In some quarters it is believed that now the quality of New Zealand butter has been so prominently brought before the consumer, a certain amount goodwill has been established and to this view we also subscribe.

’ Australia. —Production here is also showing the usual seasonal decline. Prices at the throe main centres are reported as follow: —Sydney, 170/- 'to ISO/- per ewt; Melbourne, 182/- per cwt; Brisbane, 196/- per cwt. Several uquiries were received for New Zealand. supplies, but we are afraid the exorbitant duty lias frustrated any sales.

Loudon. —Quotations since opr last advice are as follow: —29 May, 126/per cwt, weak; 4th June, 123/- per cwt, slow; 6th June, .127/- per cwt, more doing; 9th' June, 128/-, 130/- per cwt, firm.

Arrivals iif England since onr last advice are as follow: —Port Brisbane, May 2nd, Mamilius, May 4th, Mntaka na, May Sth, Remnera, May 11th, Somerset, May 13t.1i, Middlesex, May 13th, Northumberland, 16th, Port Caroline, May 16th, Corinthic, May 24th, Raranga, May 24th, Pakeha, May 24th, Fort Victor, May 26th, Zealandic, May 28th, Rangitiki, May 2,Bth.

South Africa—This country has experienced a good season and thus found it necessary to 'export a fair surplus which found a ready sale on the London market. The quality was apparently right as the following extract from the “London Grocer,” dated April 19th shows:— “ “Butter. —Further supplies of new season’s South African butter have arrived, and have met with a steady demand, salted at prices ranging from 116/- to 118/- for first-grade, salted creameries with seconds, 114/- to 116/-, and thirds 112/- to 114/-, according to quality. South African stored butter is also on offer at prices ranging from 100/- to 112/- per ewt, according to quality of description,”

“Cheese.—South African cheese is in good demand at 74/- to 76/- for pale stinw colour, and at 72/- to 74/per cwt for white, according to grade and quality. If is gratifying to he able to report that South African Cheddars are giving great satisfaction and the quality will compare favourabK’ with beat New Zealand and Australian descriptions. South African cheese for the most part are of very fine flavour, close cutting and well matured and il is hoped that the export, of these chooses from now onwards will be a permanent feature ef the cheese market.” Whilst on the subject, the following from our Capetown agent will be of interest:— “A select committee was appointed to take evidence on the Dairy Prodiice and Control Rill, which is now going through Parliament, and I expect will be ready for the Statute Book by th fc end of May. T shall let yon have a copy of the Act for your information as soon as it is available. Supplies have continued to diminish very rapidly. and local prices have firmed up by 2d per lb during the last two weeks. ’ ’ Cheese. . The market has been slow during the last week or so, although prices have been fairly steady with a slight upward tendency towards , the end of last week. Deliveries have averaged round about last year’s figures and stocks are reported as less.

It .is difficult to reconcile today’s, quotations with - the statistical position j and bne would have expected higher market values ere this, especially when it is taken into consideration that cheese is the cheapest staple food.• Canadian. —Old season’s Canadian is ■still being quoted at considerably higher rates than that for New Zealand and holders are content to release only small quantities from time to time. Held stocks are therefore'considerable as compared with last year, being nearly twice as high. Now Zealand.—Coloured cheese still continues to command a nice premium being 6/- to 7/- above that obtained for white, but this will no doubt be lossehed shortly as many factories have made, fair quantities of coloured during the latter part of this season. Quotations . since our last report are as follow: —29th May, white, 73/- per cwt, weak; coloured, 83/- per cwt, weak; 4th June, white, 76/- per cwt, slow; coloured, 82/- per cwt, slow; 6th June, white, 77/- per ewt, more doing; coloured, 83/-' per ewt, more doing; 9th June, "white 77/- to 78/- per ewt, firm; coloured, 83/- to 84/- per ewt, firm.

FROZEN MEAT.

. , WETHERS IN DEMAND, 1 The Bank of* New Zealand has received the following advice from, its London office as at .the close of business this weqkr-r-, . Frozen Meat.—There is a bettor demand for wethers, while the ewe market is du11... For lambs-there is a. good demand, and -the market is well supplied. The he-M market is easier owing to competition from other sources. Wethers, light, 43d to (>jd; heavy, 4}d to 40d. Ewes; 2Jd to 3jd. Lambs, twos, Sjd to 9}d; eights, 83d to Sgd: fours, ■Sd to S.jd; seconds, Sd to S!}d. Ox hinds,-43d : to 3d; fores, 3d to 3], Cow hinds, 4d‘to 44d; fores, - 23 to 3d.