PRODUCE MARKET.

Gisborne Times, Volume IX, Issue 874, 25 April 1903, Page 3

PRODUCE MARKET.

IMPROVED PRICES FOR E UTTER

Per Press Association, Wellington, Jest night. Tho Paparjui, which left for London o January 22, took a*record Quantity ( butter and cheese from Lew Zenium This consisted of 1100 tons of hotter an 270 tons of cheese. Wnen tnu vo.-ie arrived in Londorf 1 on March 9th the dis '■•urging connuei iced i tuiuediately, hut i '..as not completed until tho loth, urn some consignees did not get delivery o, their consignments until the 17th, Tho l'rodueo Commissioner in London, in his Jast report to tho Agent-General, mentions us an instance of tho value o; keeping crate ends us opposed to wiring that hr, noticed consignments from two Taranaki factories stacked side by side, one being hooped anil tho other wired. Tho former showed scarcely any damag, , while tho latter had a number of broken crates.

Tho Produce Commissioner in London roports that at the beginning of March tho butter market took a sharp upward ujru, an advance of fully 4s on the week being recorded for New Zealand butter. Tins was followed by another rise of cis or Is the following wools, and prices had steadied at 20th at 106 stu lo4s per cwt of choice Quality. This favorablo movement is attributed mainly to the exhaustion of heavy stocks of butter held in cold stores, which hud been worked on for so long. Tho comparatively low price of colonial butter sinei tie now year had also stimulated the demand. New Zealand cheese was also practically oil the market prior to tho arrival of tho Pupanui. Her supplies were keenly looked for. Owing to the steadily rising market, due to short stuck, t-iiu bulk of tiio sbiprriont was sold to arrive at about bis to Gos. Since then transactions kavo taken place at such extreme rates as G7s to G ( Js. A much greater Quantity of Now Zealand cheese, if available, could be absorbed without affecting values to any extent.