LONDON BUTTER MARKET

Gisborne Times, Volume VIII, Issue 548, 18 October 1902, Page 3

LONDON BUTTER MARKET

GOOD ADVICE FROM THE COM MISSION Eft.

By telegraph—Press Association— WELLINGTON, last nlgnf Speaking of Uie prospects of New Zealand butler in England in the coming season, _ the report of Mr 11. (J. Cameron, Produce Commissioner, says —One noticeable feature of the butter market last year was the near approach in the price of milled to factory butter, ido not think this need be expected this season. 'there has

been during the summer now ending a very considerable increase in the imports of butter to Great Britain from till countries, though more, especially from Siberia, the growth in the import from which country during the last few years has been duly noted in New Zealand, and the fact commented on in many pajiers in the colony. No

large have the imports lieen, and so low have the prices fallen, that many

traders have been placing very heavy stocks in cold store here, pending the shortening of the supplies later on. No butter has been sent forward from the United States this season, and it

is reported that there, as well as in Canada, considerable supplies are held in cold store,- to he shipped to this country Immediately stocks decrease and prices rise .sufficiently to do business. 'the season also in this country has been a most favorable one for

the growth of grass and other cattle food, in consequence the home production of butter has been heavy. So great has this been that several factories in the South and West of England that usually extensively purchase im-

lorted butter for blending purposes,

have been off the market, being able to obtain ample supplies of home production. Tins being so, there is a probability, ol course, of secondary butters, such as New Zealand milled, being adversely affected. Of the market for choicest New Zealand factory butter, however, I have more hope. I think that the prospects of a good demand for that quality are bright. I do not think that the factories producing it need be afraid as, to the firmness of the market or the demand (or their butter when it arrives.

Mr Cameron considers that the early termination of shipments from New Zealand last season, and the shortage of tiie supplies owing to the drought, will both help the sale of the New Zealand article. As to price, Mr Cameron anticipates that it will be fair, though scarcely so high as the prices of last season.

The Commissioner urges the remedy of two serious complaints with regard to the shipping of butter. In Uie first, place he impresses upon shippers the necessity of mailing more regular shipments, and in Uie second place he objects to the practice of stowing butter under meat, which tends to considerable delay in the delivery. As there is no more concentration of cargoes before loading at the chief ports of New Zealand, he considers that there should not be much difficulty in meeting these requirements of consignees in London.