PROMISING OUTLOOK

Southland Times, Issue 19395, 8 November 1924, Page 5

PROMISING OUTLOOK

FOR NEW ZEALAND PRODUCE LONDON MARKET REVIEWED DALGETY MANAGER’S VIEWS. (Special to the Times.) CHRISTCHURCH, November 7. “Generally the outlook for New Zealands’ primary products is very promising,” said Mrs J. S. Herdman, Christchurch manager for Dalgtey and Company in the course of an interview to-day. Mr Herdman has just returned from a trip to tjie Old Country. Whilst there he investigated the position of New Zealand’s products on the London market. THE FUTURE OF WOOL. 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 that 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 registered 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. MUTTON AND BEEF. Referring to the meat market, Mr Herdman said that the New Zealand lamb easily took first place on the Smithfield market. No lamb that came to London from other countries could cofnpare with New Zealand lamb. The same remarks applied to mutton, though not perhaps to the same extent. As for beef the best on Smithfield was' the chilled beef from Argentine. He had inspected some of the Argentine beef 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. DAIRY PRODUCE EQUAL TO ANY. Mr Herdman inspected dairy produce markets in Tooley Street and he is of the opinion that New Zealand dairy produce compared very favourably with any that arrived 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. “WONDERFULLY SOUND.* PALMERSTON N., November 7. "The outlook for wool prices for the coming season appears to be wonderfully sound,” said Mr S. J. Hill, the well-known wool valuer, , of Wellington, to a Dominion representative to-day, “and growers can confidently look forward to increase on last season’s values. Recent cables from London and Australia indicate a very active demand for wool of all grades and quality, and with the stabilising of the exchanges it is anticipated that the demand will be very active. The latest cables from Great Britain indicate a slight increase in ‘tops’ values for the week, and although it is impossible at the present ruling clear costs to make tops at quoted values it is very satisfactory to note that these are now approaching somewhere near the relative values of greasy staple wool.”