COMMERCIAL

Taranaki Daily News, Volume LIII, Issue 257, 9 March 1911, Page 7

COMMERCIAL

LONDON DAIRY PRODUCE REPORT. Messrs E. Griffiths and Co., New Plymouth, are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated January 27, 1911: The weather during the past week has been mild and open, and although at this season of the year it does not make any appreciable difference in the Home and Continental make, it has rather helped the sentiment which has prevailed in favor of lower prices. Danish: Arrivals to this country this week were about 1400 casks less than last, but even with the smaller quantity the butters have not cleared, and it was generally expected that the quotation would he reduced, but yesterday the committee declared no change. Siberian: The sale of this description this week has been very slow indeed, hardly any business having been done at all. Prices are therefore only nominal. Australian: Altogether about 05,000 boxes have been landed this week by the following steamers—Otway, Ayrshire, Suevic and Cornwall, so that supplies have been on a fairly large scale. Unfortunately the market opened very quietly, there being no improvement in the dullness which was manifested at the end of last week, and with the heavy arrivals and the anxiety of some sellers to clear prices have given way considerably. This decline is very much to be regretted, as it looked a's though the market was in much better shape, but it seems impossible for some holders to stand out against a few days' quiet trade. Naturally, buyers have taken every advantage of the situation and held off as long as possible. We are pleased to say that at the close of the week, although prices are lower, there is more disposition on the part of buyers to operate. New Zealand: This butter has shared in the decline, and the agents who did not clear the Arawa's shipment have had to accept very much lower figures. The Ruapehu is now due, and will probably dock to-morrow. There are many low | quotations about, and several sales are reported, but as the butter will not be landed before next week we certainly think it would be much better if sellers refrained from offering until the goods came to hand.

Cheese—Canadian: The demand continues steady, and prices are a shade better, especially on colored, which is scarce. New Zealand: Colored cheese has been in good demand and is well cleared, but the position is not quite so strong on white, and it is hard to sell at" full rates; occasionally they have to be shaded in order to clear. ' We are inclined to think that colored cheese will fetch a little more by the steamer due. .