THE NEW ZEALAND DAIRY TRADE.

Otago Daily Times, Issue 9933, 29 December 1893, Page 3

THE NEW ZEALAND DAIRY TRADE.

(Ffidii Oun DwiJ CofiIiESPONDBfiT.)

] . .-, ._ ;.. li^SßOsi November if. An adjourned* mebting of those interested in the New Zealand dairy -trade was held laat Monday. Mr H. Trengrouse presided.:' At the invitation of the meeting Mr Henry Reynolds, the convener of the original meeting and the originator of the proposal that a committee should be formed to regulate the market price of high-class butter, explained to those present who were not at the first meeting the reasons and objects of the movement—viz., to secure uniformity and improvement in prices, and to ■promote the interests of this growing trade. I need not recapitulate what I set forth very fully last week. It is only necessary to say that the views enunciated by Mr Reynolds met with the cordial and unanimous support of the meetiDg. Ultimately it w§s resolved that a dom-, mittee,- consisting of Messrs H. Trengrouse, Coey, and Co., Oetzler and Gerritnen, Cmickehank and Lovell, J. • W. Dottridge, and Reynolds and Co., be appointed to meet weekly for the purpose of regulating the price of colonial butter, the Weekly meetings to be heid at the New ExChange, Cotton's wharf. . . , ■ . It,was also proposed that Mr H\ Reynolds (of Reynold's aptd Co.) be requested to undertake the duties of. secretary; not oily on the grojindof his special capacity for the poßitipn and of ,his being the original mover in the iflatter, blut.also' because it was thought that as he represented (oil the toiflmittee) rathei'lihe pro: find..ship"per thaii.Jhe L'qndoii agents/ his prominence as the secretary, whose n'am'fei woiilcl come; specially under notice, would tend to inspire more, confidence-on the part of the producers. : :, ■:.

It was.further decided that rules for the conduct ofjbuniness should be drawn up and submitted to the next meeting for approval, and that the committee siiouta m'eefc, for the first time, on the following Thursday. : ' ' . On all hands the opinion was expressed that the movement had been very successfully inaugurated, and that an exceedingly useful step had been taken, which would bring about a marked improvement alike in the working of the trade at this end and the rate of prices realised for New Zealand dairy produce. The new committee held its first meefiDg on Thursday, and, after careful consideration decided that the price of first quality colonial butter for the next week.should be 124-s. ■

I learn from Messrs, Coey and, Co. that there has been a good demand for colonial butter, and all arrivals.have been cleared. Canadian cheese is slow, But sdllei?3 are. holding on for current prices. .; . . From Messrs Reynolds and Co. I learn that Danish butter is down 4s 6d to-day. It is supposed that this reduction is with the object of meeting the colonial consignments shortly .to arrive on a large scale. * It has been decided, however, to leave Australian and New Zealand butter at the rate already, fixed for best, viz., 124 a;;:.. " ■... :.. ■ ..,.'. .'-. '•:.: — \ v , The'l Kaikoura. has j ust • arrived with 1800 padk^ges of New Zealand butter, the. first: of,the new seasdn's.supply. ;, It ja reported as"Being in good condition; and I bear it\is likely to meet withraready.sale at: the fixed .price, ■• ''. ■.■.;■■•: - . -.;. ■: ■.-...-,..''•■''..;':.-:' ':-'.A_. ■■■' Some choice (parcels of Ausifalian gutter have gone as high as,l26s. The Oruba brought 5815 boxes in good condition! . : ■ y ; :1-

The Doric-is expected in about'lo days with a considerable "amount of New Zealand butter. Its'market prospects are regarded as favourable. . •".-." ~.'.■•". :