HOME DAIRY MARKET.

Press, Volume LXVII, Issue 20176, 3 March 1931, Page 10

HOME DAIRY MARKET.

REVIEW OF: PAST YEAR. i '" f The monthly review of Samuel Pago 1 and' Son on the position of-the butter and cheese markets, dated January 14th, says::— " " . " The year 1930 was disastrous for all kinds of cominodities, And New. Zealand 'and Australian butter, and 'cheese wore, no the general-rule,-Th? heavy values which took place 1 last year constituted great' disaster. because it followed a long higher pri6es' upon which liad based theirs operations. It is ' a good principle. to >/ 'cut your coat according to .your cloth." In New Zealand "and Australia "the "cloth*' of the - dairy, prodiicfc' export industry is - the . spiling • price-here,',and'there was no particular ! : reason:,in 1929., for thinking, that it I would Shrink - enormously . curing the subsequent 12 mouths, The" high level of prices durihg the seasons of-1927-8, with 1 154s as- the lowest' and 184s' the. ' highest point of -New Zealand butter, and the even higher average,in 1928-9 —lowest point 1625 ; highest, point 186s —with. Australian on a relatively siinilar 'level, naturally led'"producers ;to assume that values which for the previous two seasons would not break down hopelessly in the 1929-30 season, consequently expenses, that is, the "coat" of the proverb, were incurred that seemed good business in view of previous experience. But unhappily all these calculations were overwhelmed by the world slump in commodities, and it will take all those concerned with the dairy produce industry of New Zoaland and Australia some time to get over the blow dealt them by the year 1930. Thq foregoing remarks apply similarly to cheese,. In the season. 1927-8 the lowest touched by New. Zealand was 90s and the highest'll4s, and in 1928 : 9, lowest 85s, highest. HQs, ;a; vory, misleading baßis in th 6 ' face loft the >rocont slump. Fortunately,.: howeyer, : granting the possibility of profitable'export on a lower 'range o? t values, ;the position is now much more : reassuring. , The improvement in- butter which has taken place fro ill'the (bottom' point touched in the 'last week in November, ,when 100s was -accepted -for-finest; New! Zealand and 90s. for Australian is, on the whole, maintained, although during weeks wh'en' heavy shipments -are available 'prices favour buyers do- the extent of •some 4s; yet-there is" a iArm undertone to' the : market 1 ' tthich 'should! ultimately result 1 iii'values rising'slightly, rather than

A gratifying featuro of the i com- j parisori between .the relative - prices of i Banish and those'of New Zealand'.and-i Australian is that although imports of 'the two latter' descriptions taken ' together show an increase of roughly 55 per cent, in December as against the corresponding month of the previous year, while the increase of Danish is only 7.per cent., yet the value of Danish has fallen 12s per,, cwt in this peripd and that of. New! Zealand .arid, Aus'tr,alian has risen 2a cwt, and ( this advance in last:named/'it'niust be noted,. has taken. piaco; during: a month when the total-imports 1 are fmiph larger than in the same month of 1929.

Obeese. ! , \ The course,'of the, market/for ;i2<esuapd and Australian values - now being about' ?s iow6r ; thaji they wore a, month ago, the only notable,-feature being the- disappearance of ,the : premium hitherto commanded by ' 3white: over-coloured. trTho explanation' '.oA'this- surprising ; d^c^ino. lie? in the £act.o£'the heavy igipertß,of New, Zealand lafit mohtb/#rriyaflsibQiing A ,130 J sjSl'i ! than -.theip^yio.us--'sicsnth -and. 114,3Wcwt - more .than 1 ; in iDecembfer, ■ >19291, swhile tho'estimated ~,stock on" Jabuaiy.:lstf ifiw large: for the time of .being) oVeri 6D,0Q0» crates, as compared .with i J 54-,OOO^r, end 88,00p respectively on the"same '6f - the preceding, four years. > And al- ! thojagh; at beginning of'the year a ■ tirade" j was - experienced/ "Jhe receht- arrival of three" bodtfl 'lSiSrigUg'mOOO' crates, together -With -an- un'' • flatiafactOi7' demand/ has for'the time 'being rather J oVehveighted' the market and* pollers have been- forced "to' meet' the 'position by giving way 1 in price; a 'eudden break in values yesterday canse'd' white and coloured'to be freely offered at 575, at which level' good business was done,'resulting in the checking of 'the downward tendency. Arrivals 6f Canadian during December were ,52 J 000cwt loss than in November, and although' the demand for this description is not active, only small 'concessions Jin price have to be"made to keep -things moving. , / SILVER MINE IN MEXICO CLOSES .-I (VOTEZD -.TRESS ■ ASSOCIATION—BT SLXCTRIO XBIEOBATH—COPYJUOHT.) MEXICO, March 1. Mexico's third largest silver mine, Santa Maria de la Paz, in Guadalajara, haa closed owing to the. low price of silver.' It has been in continuous 'operation since 1870, tho. highest annual production being 40,000,000 ounces. »

REILLY'S CENTRAL PRODUCE MART, DUNEDIN REPORT. , t I GraJjes Is 6<l, green pear 2id, 3d, French beans 4d and Sd, broad ibeans 2d; - potatoes, kidneys, Id; tomatoes, - choice Sd to 7.d, medium, inferior, and rough -2d to 4d; garlio 6d; lettuce, choice, 2s; cauliflowers 4s 9d, cucumbers 10s; eggs Is 8d; peaches, choice, crates, 8d and 4d; plums,' choice, crates, 214' to ■ 4d; apricots, choice, crates, 3d ,to 4d. 6 PROPERTY SALES.

Messrs 11., G. Livingstone and Co., auctioneers, advertised for sale by auction yesterday -six residential properties, all of which were advertised :as being on account of the first mortgagee. The property situated No. 8 Brett's road, St. Albans, comprising 32 perches, together with single-storey bungalow of' fiv« rooms, was sold under the hammer to: Mrs -L. Pegler for £6OO, The property situated No. 727, Gloucester - street, comprising single-storey bungalow of five rooms and section' of' 26 perches, was sola to Mr Gale. No. 12 Averill street, North .Richmond, comprising section .85, perches, with single-storey, bungalow of five rooms,, was passed in at £7OO. No. 414 Ferry road, comprising 12$ perches, and residence of five rooms, was sold to the second mortgagee. No. 403 Tuam street, comprising 24 perches, with -single-storey residence ' of- six rooms, was passed in at £590. The property situated No., 205- Opawa road was withdrawn prior to the auction sale.