DOMINION'S PRODUCE.

New Zealand Herald, Volume LXI, Issue 18861, 8 November 1924, Page 13

DOMINION'S PRODUCE.

LONDON MARKET OUTLOOK.

HIGH PRICES FOR WOOL.

MUTTON, LAMB AND BUTTER.

[BY TELECKAI'H. OWN CORRESPONDENT.] CHRISTCHURCH. Friday. Generally the outlook for New Zealand s primary products is very promising, ' said Mr. J. G. Herdman, Christchurch'manager for Dalgety and Co., in the course of an interview to-day. Mr. Herdman has just returned from a trip to England. While there he investigated the position of New Zealand's products on the London market.

As far as wool was concerned, said Mr. Herdman, the outlook was most promising. and probably the prices realised this season would be higher than ever before. It was a mistake to suppose these prices were going to continue for an indefinite length of time. No doubt there was a shortage of sheep in the world, and the amount of wool required was becoming greater each year. However, there were other factors that had to be taken into consideration, and one never knew what might happen in the next few years. In any case, farmers should not run away with the idea that the present prices for wool were going to continue for all time. They were altogether too high. Referring to tho meat market, Mr. Herdman said New Zealand lamb easily took first place on the Smithfield market. No lamb that came to London from other countries could compare with New Zealand lamb. The same remarks applied to mutton. The best beef on the Smithfield market was chilled beef from the Argentine. He had inspected some of it and he considered it was the best he had ever seen. There seemed no doubt that New Zealand was " ,up against it" as far as beef was concerned.

Mr. Herdman inspected the. dairy produce markets in London, and he is of opinion that New Zealand dairy produce compares very favourably with any that arrives in London from other parts of the world. Danish butter certainly had a great name, but he thought it was only a name, for it was in no way superior to New Zealand butter.