FARM AND DAIRY

Taranaki Daily News, Volume LIII, Issue 190, 21 November 1910, Page 3

FARM AND DAIRY

It is reported that the Victorian potato crop is seriously affected through the potato blight Messrs. W. E. Reynolds and Co., Dunedin, referring to the cheese market in their monthly report, state that "the pernicious system which factories in the . North Island followed this year of consigning on a high advance without recourse" has, we believe, somewhart demoralised the trade. It does, we feel certain, interfere with the genuine buyer coming along in strength, and this perhaps is what caused the South Island factories to feel they were not having high enough bids made to them. Be this as it may, only one or two factories have so'.d at o'/od (f.0.b.), others all hanging for 5%d. To-day buyers are slacker and not ottering even 5V«d (f.0.b.) Opinions differ as to the cause. Some thin kit is due to some of the largest of the factories south having actually fixed with some of the most likely buyers on the same undesirable system as that followed in the north—namely, an advance without recourse almost up to the buying price, in other words, the equivalent of s'/4d (f.0.b.), less 3 per. cent., which certainly savors of a cheap buy. It seems to us at the time of writing most likely that nearly all the cheese' will be fixed to go forward on consignment this vear. Present prospects nil indicate this, anyway." *