LONDON CHEESE MARKET.

Stratford Evening Post, Volume XXIX, Issue 125, 19 July 1911, Page 2

LONDON CHEESE MARKET.

INFLUENCE OF UNITED STATES’ IMPORTS. The “London Commercial Record” of June. SJth soys:— A boom had been expected in cheese this year, before the arrival of new fodder made, but events have tin ned out sadly wide of the mark, instead of the high prices which were expected to rule before new makes became available in quantity, holders have been glad to accept prices which offered a month or two ago would have been abruptly refused, it is evident that consumption lias been disappointing this year, conditions having not been favourable always for same, also that the price within recent years has been too high to the consumer. Another feature has been the larger imports of cheese from the United States into this country during the present year, which has conn plotely upset the calculations of the parties favourable to the rise in prices. There have, been largo stocks of cheese in the United States licit! up there by speculators and by manipulation, and to get rid of tiie surplus, Britain, being a convenient dumping ground, has received some of same. Several parcels have been of useful quality, being full cream, but a good proportion consisted of skins and half meats, which in some instances were knocked out at very low figures. But, apart from the question of quality, the imports upset the cheese market, as they have gone into consumption and displaced or spoiled the sale of other descriptions. If shipments from the United States keep up it will have a marked influence upon the cheese market, that' is, for the imported descriptions, as competition hitherto confined to Canada and New Zealand will be stimulated by the h nfted States a.ad help to keep prices down, and the producer has of bits been paid too much for his choose. Several years ago the trade in United Stairs cheese was very l.irjrc*, but lias steadily declined for same tii «e. and i UTcTease in shipment this year has come as a matter of surprise. Whether the re-entry of States cheese into competition in this country will bo maintained lias still to be seen, but it has, at any rate, been the means whereby rising prices have received a check and so prevented the inflation of values which usually occurs at this period of the year.