THE Wairarapa Age MORNING DAILY. THURSDAY, SEPTEMBER 19, 1912 DAIRY PRODUCE.

Wairarapa Age, Volume XXXII, Issue 10713, 19 September 1912, Page 4

THE Wairarapa Age MORNING DAILY. THURSDAY, SEPTEMBER 19, 1912 DAIRY PRODUCE.

From the London office of the N.Z. Loan and Mercantile Agency, Co., Ltd., we have received a circular reviewing the Australasian' dairy produce markets for the years 1911-12. jThLs is of special interest to the hundreds of farmers throughout the Do- ' minion who are engaged in the dairying industry. The lasc season, Ave I are told, was remarkable for the high | level at which prices for butter ruled, i The almost universal drought of July and August resulted in the cold stores being rapidly depleted, and with supplies of freshly made butter proving insufficient to meet the demand, prices quickly advanced, a record being established for Australasian. Extremely high, and, it was thought, dangerous prices were paid for New Zealand factory outputs, but factories I which isold, although the figure paid .showed a large profit on cost, did not I by any means to do so well as< thos>c i which elewted to consign. Heavy calls ; were again made by Continental eounti'io«, to meet which a large amount of butter, specially made without preservative, was exported. At times, however, with falling foreign markets, large blocks of this butter wore forced on the English trade, and, being unsuitable for thp general Homo demand, it had mostly to be cleared, to blenders at low prices. The market from time to time was adversely affected' by the disputes -among Various \ elapses of the labouring community, ! and but for the great coal strike- in March prices for Australasian would have gone to 150s. The consequent curtailment of trade, however, owing to the diminished spending power of tho masses, caused such an accumulation of stock that when buyers re•conimonced in operate they wero over-whelmo-cl with offers., and, realising

the position, held up their orders as much as pos-sible fur the concessions which had perforce to bo made to re-.' lieve the market of its surplus. On the whole, however, the season was a most satisfactory-one for shippers. As | .regards supplies. Victoria and Xev. Zealand experienced the best season, , shipments from Now South Wales and j Queensland showed a, marked fall ins- j off in quantity r.s compared with the { previous season. In discussing the market For cheese, the circular says that owing to the drought, and consequent short -supply of Home choose, exceptionally good prices ruled for the Nov,- Zealand article, in -spite of th< j heivily increased made in the Dominion. Canadian suffered from the heat of last summer, and imports then re ' showed a falliig off, particularly diving the months of October and December. Tempted 1m- the hud) prices I offered most' of the Aew Zealand factories sold their outputs, and, favourable although the offers were, those few which consigned did better, and are to bo commended for their foresight in not altering their policy. The j market ruled remarkably steady and no sudden breaks were experienced. > except in the first week in May when some unnecessary forced selling took place, but tin* market soon steadied, and but little harm was done. With

( the arrival of the new make from Can- , ada in heavy quantities during Jure, .prices naturally eised, but the gene-' | ral run must be considered a-s highly satisfactory. The prospects for the coming" season for both butter and |cheese are regarded as satisfactory. The English and Irish makes of butter are both just now at their, fliu'h, j while it is said that the Siberian output will bof 1 20 per cent heavier than last year. Holland and France are producing in excess of last year, whilst Germany is experiencing a favourable season. Against this .Denmark and Sweden will export a much smaller quantity, while New Zealand butter shipments are likely to be lighter, owing to several largo ;md important factories having decided to make cheese. In all European countries consumption, is on a large scale, in spite of the high level of prices prevailing, as compared with (ho same time last year, which leads to the assumption that when the. autumn ap-< preaches the demand will overtake the' supply, and with ■■buyers forced to direct their attention more fully to the Australasian article good markets should prevail. So far as the market i for cheese is concerned, it is thought that, in spite of the i'?.creased in New § a ti ."factory markets should,again prevail. Canadian imports are much below list year's fig-,, tires at present, and while the English make is heavy it is being sold now rather than stored for the autumn. At tho present rate of consumption there is no reason for any accumulation of stock?, and arrivals from New Zenland should, there fere, meet a ready "Tib.