New 'Zealand Produce in London.

Manawatu Herald, 26 February 1903, Page 3

New 'Zealand Produce in London.

In the course of a report, dated 16th January, Mr H. C, Cameron, Produce Commissioner in England, says:—

General satisfaction regarding the Karamaa shipment of butter, has been expressed by the trade. It, however, unfortunately met a declining market, and had to be quitted at lower prices than were obtained for previous shipments this season. The market has been affected by several weakening factors. Apart from the large quantities of stored butter, and the long Spall of mild weather ©need until a few days ago ( large supplies of new-made have continued to come forward from the Continent and felae where, with which New Zealand has had to compete Ar, all-round lowering of values took place—Danish, for induce, falling as low as 108 s in some instances. Under these circumstances the price fetched by choice New Zealand brands, viz, 105 sto 108 s per cwt, may be regarded as satisfactory. The weather has now turned frosty, which should give a fiillip to the market, though general prospects are not very favourable. The Karamea shipment of cheese met with an excellent market, fine brands readily making from 60s to sls per cwt Supplies all round are in comparatively sfraall compass, and there is ©very prospect of prices being fully maintained for some time to come.

It would appear from the position of the market and the prospects for the future those factories which have confined their operations to oheesemaking will probable show better results at the end of this season that those that while formerly making cheese have this season changed to butter-making. A steady policy, one way or the other, Wtfuld seem to be the best in the long run. The Tongariro’s shipment was delivered in excellent condition generally. So far the butter is not on the market, but from enquiry made among the merchants it is likely to be taken up at current rates.