N.Z. Loan and Mercantile.

Opunake Times, Volume XIII, Issue 632, 30 October 1900, Page 4

N.Z. Loan and Mercantile.

Under date Glasgow, 20fch September, Messrs Mathie and McWilliam advise the New Zealand Loan and Mercantile Agency :—The stock in all hands are moderately light, and as supplies both from our local creameries and Ireland are already showing a falling off, we are of opinion that the present reduction is temporary, and that” as freer baying will now take place values will tend to harden again in the near future. The supply of Canadian butter is also diminishing and any parcels of choice brands on spot are held for full prices. Secondary butters of all description are almost entirely neglected, and have to be offered at low rates before buyers can be induced to take hold. The quality of Irish creamery butter shows considerable improvement this season, and this article has created a more favorable impression than in former seasons, especially in some of our southern markets, where long prices have been paid for guaranteed strictly choicest quality. There has been considerable selling of colonial butters recently for forward shipment on a c.i.f. basis, at prices which certainly cannot prove remunerative to the producers, >and there is no doubt that a strong effort is being made by some firms to so depress the markets on this side in order to influence lower prices in the colonies for the new season’s produce. We advocate a consignment business, and we believe that factory proprietors will obtain better results by shipping to those houses which do not buy, and who are, therefore, in the bes-'t position to specialise and handle consignments to the best advantage, rather than selling their produce outright. Stocks in all hands are moderately light, and we anticipate a continuance of present prices for some time to come. September Canadians are being offered at firm prices, and will meet a steady consumptive demand as they come forward. The prospects for the colonial season are certainly very favorable, and we look for satisfactory prices when the first shipment come to hand. New. Zealand cheeses are now almost cleared, and prices for these during the past season must have proved very satisfactory and remunerative to those factories which consigned. The quality has been on the whole good, but there are still defects in the manufacture to be overcome, such as the tendency to porousness, openness, and acid cut. The coloring of the New Zealand cheeses this season was defective, and it must be borne in minjd that a colored cheese must show distinct coloring and not to be of such a pale color that compels their sale as nearly “ white ” goods.