THE DAIRY PRODUCE MARKET.

New Zealand Tablet, Volume XXIV, Issue 20, 22 September 1898, Page 15

THE DAIRY PRODUCE MARKET.

Wellington, September 19

Mr. Cameron, the Government produce inspector, in his last report from London writes : 'At present the market for both butter and cheese is extremely dull. Butter is in large supply, and prices have seldom been so low. Choicest Danish butter is only averaging about 80s. Cheese, although slightly better in price that it was a few weeks ago, is yet bciug offered at very low prices. Canadians have been offering freely at about 3Ss on an average, and unless the low prices ruling causes the Canadian producers to curtail their output by making butter in^t> j ad of cheese, stocks are expected to be again this season large. Greatly increased supplies of butter are expected from the Argentine, and Australia, which, during the last three years, has been suffering from drought, i» expected to send forward much heavier supplies. The season in this country has been an unusually favourable oue for all blanches of agriculture, and the Home make of both butter and cheese will be large. Heavy supplies of butter and cheese may therefore be anticipated, with correspondingly low prices. Low prices, of course, stimulate demand. The prospects, therefore, for New Zealand produce during the coming season, as far as can be gauged, are that the demand will be good only for choicest quality, but that the prices will be low.'