ABNORMAL POSITION

Sun (Auckland), Volume II, Issue 395, 2 July 1928, Page 12

ABNORMAL POSITION

BRITISH BUTTER MARKET REVIEW OF TRADE j (United r.A.—By Telegraph — Coyyright) (Australian Press Association) ! Reed. 9.5 a.m. LONDON, Saturday. | The Stock Exchange has not yet eni tirely recovered from the setback described a fortnight ago, following the I Wall Street slump, but a distinctly better feeling is in evidence, especially in speculative stocks, which were the most affected. These show a general improvement. Gilt-edged and other investment stocks, however, are very dull, although prices are maintained. This is largely accounted for by the usual end-of-half-year money stringency, and a revival of business may be expected next week, when a period of relatively easy money conditions is likely to begin. DAIRY MARKET The butter position can be described as abnormal, for prices have advanced steadily throughout June, although the demand has been somewhat spasmodic, and at no time really heavy. As a rule prices are at their lowest at this time of the year, but thanks to the shortage of arrivals from New Zealand and unfavourable weather largely reducing the production of the European countries, we have a firm market, with traders generally anticipating a maintenance of the present firmness. The cheese market is also strong. Production in Canada has not reached expectations, and English supplies are decidedly short. The consumptive demand lias been good, but possibly it may not be maintained, as the retail price of New Zealand cheese has been raised to 13d a pound. WOOL VALUES Although there is no improvement m the Bradford wool market as regards new' business, reports of the satisfactory result of the Brisbane wool sales have caused top-makers to take a more sanguine view of the rawmaterial position, and revise the opinions which w r ere formerly prevalent regarding the outlook for the London sales, opening on October 7. As a writer in a Bradford newspaper says: “Brisbane has supplied a muchneeded index to the wool position and though it is discounted in some quarters as being somewhat negligible the fact remains that top-makers are very hopeful about raw values being maintained in Coleman Street. Accordingly they are more inclined to hold out for late rates.” v T* 11 ® Yorkshire “Observer” has published an interesting account of the progress made by the British Wool Research Association. Already it has been ascertained that not only the usual attributes of fibre, namely staple length, crimp elasticity, and diameter hnt concerned m its spinning ability, seem* tn h t Pe ° f the flbres themselves seems to have a profound influence Another important point is the discov- 1 ° f , a . non -tarry sheep-branding TMs’ h« Wl n Ch ? cours out completely. This has been tested by large numbers t^v Sh 4 6 n breederS throughout the couis try. All reports are highly favourable.

marketing honey CONTROL ESSENTIAL OPINIONS OF BEEKEEPERS Press Association. . HAWBRA, Sunday. ~ r h at this meeting of members , r the National Bee Keepers’ Association t ongiy affirms the principle of lovaltv dCeerT C i iCal SUll4 ’ort of the HoneyTroducers Association,” was « TUT by thb The e m e o n t? o e n As of Auckland, who laid stress on the danger of disloyalty. He added that iy ould have a far-reaching effect on public opinion. The president, Mr. Clarke, of MataSi the ( T USt ° ffer opposition to the anti-control movement. If their opponents could point out any disad£l nta fu eS of control they would gladly ho, 1 the opinion among beekeepers was strongly favourable to conttol Its value was proved by the b T T o£ prices here as compared with uncontrolled countries. Contr°l was most necessary and vital to the industry. ~A n ° ther speaker said 95 per cent, of beekeepers were strongly in favour of control. U 1 1?, Showing- remit was moved bv Mi. Alan Bates:—“ln view of the lar export of honey to the' United King- ?°“ tbis season, amounting to over J.IOO tons, or more than a quarter of the Home requirements, this conference concurs in any levy considered necessary by the Honey Control Board up to Id a lb on all export honey, for the purpose of extending the demand for New Zealand honey on that market; and at the same time urges upon the Government the claims of the industry for financial assistance in this connection.” . Bates said there was a proportion of the ouput to quit in the next selling season. The Government should come to their aid and help them out of their difficulties. The remit was carried. Among other remits carried were the following:— “That representation be made to Government with a view’ to having removed the restrictions at present placed on dairies and fruiterers in respect to the sale of honey to the public.” “That, seeing a large part of the instructor’s time is now taken up with grading, an additional instructor be appointed to the South Auckland district.”