DAIRY PRODUCE MARKETS

New Zealand Times, Volume XXIX, Issue 6315, 16 September 1907, Page 3

DAIRY PRODUCE MARKETS

REPORT BY THE HIGH COMMISSIONER. The Ilh'h Commissioner, writing from London, under date August 2nd to the lion Mr McGowan, Minister of Indubfinest quality has bi-cii lor some considerable time remarkably steady, at prices from 93s to 100 s per cwt. there have been, however, a Rood many brands, the quality of which has not been quite us line as could be desired, and for th rather lesser values have been accepted. This year the difference in value betwron choicest butter and second.n y quality, siicb as dairy and milK’d paicols, has been wider than usual during the past few years. .Recently a number of coniplaints ot fishiness have been received, and whilst it is recognised that in a year such a.this when considerable loot’s have been made by purchasers, many faults Liat mi "lit, under ordinary circumstances, be 'overlooked, are commented on, it is to be regretted that on examination ot several parcels brought under the notice of the Produce Commissioner, it must be admitted that the complaints were justitied. , . , At - the present moment consideration is being given to the prospects tor Aev. Zealand butter on the London market for next season, with a view to determining what price will be a fair one to pay for the butter outputs in the colony. So fur it is difficult to gauge. Ihe season in this country is an unusually goon one for butter production, while on the Continent supplies are large, and those expected to come forward Horn Siberia are reported to bo heavy, and likely 10 show ‘a large increase on previous years. Naturally, merchants in this country who bought last year and made heavy losses are nervous about their commitments for next season. Thereof course, -would desire to secure supplies at a price which would help to recover part ol their deficit. ■ ' . The feeling certainly is general > that prices will be lower_ than those of the past two years. New Zealand butter has now such repute on the markets of this country that there is little fear of it not fetching top prices. Th© demand : for it is now good and general, - and whatever may be the market price of butter for the day, producers can be assured that their butter will command a ready sale. Buyers are at present inclined to hang back and refrain from offering, preferring •to learn what price the factories in the colony will ask for kheir outputs. . _ . Cheese.—With the heavier arrivals ot now season's Canadian make of cheese, prices have been receding. \ allies of New Zealand shipments have been satisfactory, and although during the past Week or two declining in sympathy wifn Canadian, the average for the season must have proved payable to those who purchased outputs in the colony. Those factories shipping on consignment must have done exceedingly well. Like the case of butter, it is difficult to forecast the market for cheese next season. Everyone here expects large supplies to be made in Canada, while the season here is favourable to home production.