FINANCE & COMMERCE

Waimate Daily Advertiser, Volume XXIII, 23 May 1922, Page 2

FINANCE & COMMERCE

WOOL. WOOL RATES MAINTAINED. Per Press Association—Copyright), Sydney, May 22. The wool sales continued with competition keen in all classes, and late rates were maintained. DAIRY POOL. HOME CRITICISM. LOCAL OFFICIAL’S REPLY. WELLINGTON, May 22. In reply to the cable message which gave a summary of an article by “Colonial Importer” in the London “Financial News” adverse to the proposed control of the marketing of dairy produce, Mr T. C. Brash, secretary to the National Dairy Association of New Zealand, Ltd., writes that the contributor to the “Financial News” practically accuses New Zealand producers of an attempt to iwork a paltry “confidence” trick. He insinuates that the advocates who proposed the control are putting up a false pretence when they state positively that the distribution is to be done through the existing channels of legitimate trade. The contributor alleges that such channels will be used only as long as New Zealand will require for learning the distributing business, and then the present distributors will be swept away. This assumption and this accusation are absolutely contrary to fact. The iwhole basis proposed in the formation of a company in connexion with the common-sense control of marketing is a definite understanding that produce will go through the ordinary distribution channels. Any allegation to thel contrary is the result of misinformation or misguided imagination.

Another Press Association cable message has conveyed the resolution of the Scottish Provision Trade Association at Glasgow, alleging that a dairy produce pool would “lead to loss of goodwill towards New Zealand produce and a diversion of buyers to other sources of supply.” This resolution shows a peculiar ignoring of well-known facts. One of the great purposes of the proposed control is to make for New Zealand dairy produce a goodwill which does not now exist. Merchants have reported repeatedly that there has been no continuity of the supply of particular brands of produce. It has been impossible to build up a goodwill for New Zealand’s produce has not had its proper identity in the British ratal! market. The remark about “diversion of buying” is unworthy of any association of serious business men, who know well than Denmark and New Zealand are the only countries that export highclass butter to Great Britain. It is obvious from the cabled propaganda that opponents of the proposed control have exercised their imaginations in search of arguments against a plan which promises a fair deal for producers. Surely it is natural for them to desire some measure of control of their produce until it is sold. DUNEDIN MARKETS. FRASER & CO. Fraser and Co., auctioneers, produce merchants, commission agents, and agents for the Otago Egg Circle, 146 Crawford St., Dunedin, report: — Eggs: Market firm. We quote Egg Circle eggs 2s 9d, plain 2s 7d, Butter: Market firmer. Dairy pats Is 2d to Is 3d per lb; bulk to Is 3d. Pigs: Owing to large quantities coming on the market prices have eased. We quote bacon pigs 6Jd to 6:]d per lb; porkers 6 Id, overweights 3d to 4d per lb. Tallow: Market stationary from 16s to 21s per cwt, according to quality. Honey: Demand is poor. Prices are nominal; prime bulk to 6d; 101 b tins 6s 6d to 7s. Beeswax: Is 6d to Is 9d per lb. Potatoes: Market oversupplied and sales ar e slow.

We quote: Prime tables £5. Prime onions: To £9 10s per ton We have the Otago agency for the Champion egg crates, price 17s 6d each. Orion Colony brooder, £l5. We also stock “Star P” Poultry Mash, “Star P” Chick foods, and lucerne meal.

Fowl wheat: Price on application. Poultry: Supplies have dropped off, and prices are firmer. We quote: Hens 4s to 5s per pair; cockerels to' 9s per pair; roosters to 4s per pair; ducks to 8s per pair; geese to 6s per peair; pullets from 16s to 24s per pair. Turkeys: Hens to 9Jd per lb; gobblers to lid per lb, live weight.