DAIRY PRODUCE.

Waikato Times, Volume 120, Issue 19991, 15 September 1936, Page 3

DAIRY PRODUCE.

TRADE NATIONALISATION. DANGER TO NEW ZEALAND. LUNDON PRESS COMMENT; (Prom a Correspondent.) LONDON, Aug. 86; Thai dangers are associated with the nationalisation of New Zealand's export trade in certain primary products is stated by the Financial Tinted Ibis week, it reviews tho proposals in a leading artiole and declares that the Government's experiment will have several important economic consequences. The Government, it states, is taking the place of the intermediate marchant, who, under free conditions of trade, normally intercepts a profit or saves the producer from a loss. The tendency it sees is that If a Government is purchasing in bulk for export, it will be tempted to sell in bulk, aud lor this purpose will try to eonoiude agreement's with other Government*; “Thus,” says the journal, “international trade will lend to become r.ild more canalised in bilateral channels, and past experience has shown that, as a free international market disappears. world trade contracts and world exchange becomes moro restricted, “To point all this out is not necessarily to condemn this new scheme. Rather, It urges that a Gove .i'ni-nt which becomes sole exporter ou behalf of the nation must remember ihat It is undertaking a very complex aud specialised business, which oan have serious reactions upon overy phase of the nation’s economio life. Provided that due precautions are taken, such a scheme may in certain circumstances be beneficial, hut it Is es*ential to recognise its inherent dangers.”

LONDON MARKETS QUIET. DAIRY BOARD’S REPORT. WELLINGTON, Tuesday. The New Zealand Dairy Board report for the week ended September 11 (with prices for the previous week in parentheses) Is as follows: Butter.—New Zealand, salted, 109 s to 110 s (114 s to 115 s) ; unsalted, 109 s to 110 s, up to 112 s (114 s to ilCs), 109 s to l-0s equals approximately 12.96 d f.’o.b. Deliveries: New Zealand, 1677 tons (last year, 1996 tons) ; in store, 5045 tons (last year. 4322 tons). Australian: Baited, 108 s to 109 s (113 s to 115 s); unsalted, 109 s to 110 s (118 s to 110 s). Deliveries: Australian, 736 tons (last year, 1070 tons) ; In store, 1640 tons (last year, 2463 tons). Argentine, unsalted,*loos

to lots (106 s to 108 a); Danish, 107 s, t.oJb., 118 s spot (107 s to 188 s); Estonian, unsalted. 104 s (108 s); Siberian. salted, 104 s to 106 s (108 s to ilOs); Ukranlan, salted, 104 s to 106 s ( —) ; Polish, salted. 90s to 925, up to 94s (100 s to lu4s) ; unsalted, 90s to 93s (100 s to 103 s) ; Dutch, unsalted, 100 s to 106 s (105 s to 112s)* New Zealand, retail price, Is 2d; Danish, Is 3d. The market is quiet.

Cheese.-—(New Zealand, white. 68s 6d to 69s (7.T6d LoJ).), (69s 6d to 70s 6d) j ooloured, 67s (7.5-5 d f.o.b.)* (67s to 68s); Deliveries: New Zealand, 15,614 orates (last year, 21.387 crates); in store, 68,853 crates last year. 81,7*6 erates). Canadian. White, 70s to 73s (71s to 78s); coloured. 69s to 70s (7ls to 725); c.i.f . 70s (70s); old season's white. 82s (80s). Deliveries: Canadian. 8687

boxes (last year, 6518 boxes' ; In store, 70.637 boxes (last year. 61.464 boxes); The market Is firm. English. finest farmers, 78s to 80s (76s to 80s) ; English, factory, 62s to 66s (66s to 68s); The market Is quiet. New Zealand retail price, unchanged. 8(1;