Page 1 Advertisements Column 4

Gisborne Times, Volume XXVI, Issue 2224, 23 June 1908, Page 1

COMMERCIAL. Tin* mild winter and warm days of sunshine hnvo boon very favorable lor shoop tanners, and report** rrom all over tho Poverty Bay district go to show that stock is wintering well and food plentiful. The owes in lamb arc doing splendidly and a high percentage can bo looked for. The freezing season has closed, and fat stock will be needed for local consumption only. The frozen meat market for the past twelve months has been exceptionally prosperous, and with every probability of prices being maintained, mutton growing should prove one of the chief mainstays in tho commerce of Poverty 15a v. Though the local stock market has been depressed for some months there is now a general opinion among farmers that nil improvement in prices will arrive with tho spring, and shcop will bo in better demand. Tlic shipments to- Auckland have practically closed. Tho Auckland market shows no falling off fa the demand for fat stock; wethers selling as high as 19s 6d to 21s, and ewes to 16s Gil. In Canterbury, prime withers command from 18s 6<l to 245, ewes 15s 6d to 18s Gd, so that taking a line through other markets there is no apparent reason why prime Poverty Bay wethers should only be worth from 13s to 14s. \ PRODUCE The produce market is easier. and the following are tho merchants’ buying prices; wharfago and freight paid at Gisborne: Wheat., (fowl) 5s 2d per bushel. Flour £l2 per ton. Potatoes .£5 os per ton. Chaff £7 per ton. Oats 3s Id per bushel. BUTTER MAKING.

In view of the desire of the Department of Agriculture to further tlio d ary mg industry in Poverty Bay, farmers will ho interested in the visit to the Dominion of Messrs. W. H. Osborne, manager of the Western District Factories Co-operative Produce Company, and Mr. A. J. Wyett. London representative of the Grppslan<l Butter Factories Co-operative Produce Company. These designations of the concerns of our visitors represent- do not actually describe them. They are comb illations of factories which extend the excellent cooperative factory system to the actual marketing of the produce. Messrs Osborne and Wyett are also authorised to represent a third Victorian company having the same objective, the Victorian Co-operative Pro duco Company. Each of these great co-operative felling companies has a representative in London, who absolutely cont/ob the sale of the produce of the contributing factories on the Home market. They have power to put it through any channels they consider will give the -best returns to the factories. The underlaying principle ol the scheme is concentration of the produce in the hands of one or two reputable firms, and supervision of the sales. This concentration in selling naturally means considerable economy, hut the chief benefit derived by the factories is the.enhanced price obtained for the butter on account of the scientific method of mar-' ket-ing. The Victorian companies have been! established under the Companies Act, and the principle upon which they work is that they charge the ordinary rates of commission for markoting—three per cent., for selling in London, which covers the wholo of the commission charges. This rate represents a large margin of profit which is returned to the producer. For instance, during the past season, the Western Districts and Gippsland Companies made a. profit of £8,‘200. Of this big amount £6,000 was returned in the form of-a bonus to the producers, and the balauco was set- apart, for the reserve funds of. the respective companies. This reduced the rate of selling commission for Loudon consignments to about 2 per cent., which is the lowest basis on which dairy produce lias been sold since the establishment- of co-operative dairying in Victoria. ' (|

Some idea of the expensive nature of these splendid co-operative institutions may be gained from the fact that the joint turnover the last season.was no lets than £1,152,000. Not only do the co-oporativo selling companies control the Home marketing of the combined companies’ produce, but they carry out the selling of all butter for local consumption. They have distributing rooms in. Melbourne ill which the blitter is sold direct to tho retailer—-the grocer and tho retail merchant—while brandies are maintained in other States, principally in Tasmania and West Australia, which drew on the Melbourne stores for supplies. A feature of the co-operative selling scheme is the supplying of, direct cable market information by the Loudon representatives to tho Melbourne offices. Very great importance is attached to this work. Tho cables are sent in two or three times a week. This advice enables tho Melbourne managor to fix an exact parity of Melbourne values with those of London, and thus enables a complete check to be made oil the speculative agent, whose cables are continually being circulated with the object of influencing a “bearing” tendency on tho market. [Peess Association.] WELLINGTON, Juno 22. The High Commissioner’s cable, dated London, 20th June, states: Tho mutton market is quiet. Trade is very disappointing, there being only a very hand-to-mouth demand. Canterbury brands are quoted at 4Jd; North Island 3Jd. The lamb market is very firm with n general uetivo demand. Canterbury limb is quoted at 53d; other than Canterbury ojd. The beef market is firm. Supplies of American chilled beef arcsmall. There are light stocks of 'New Zealand brands to hand. Hindquarters are quoted at -Id, forequarters 3d. The butter market is very firm, with a brisk demand. Danish is at llGs, choicest New Zealand 113 s, and Australian 100 s per cwt. The cheese market is very quiet, but firm. White* makes are at 645, and colored 58& per cwt. There is a better demand for hemp, good fair grade on spot being quoted at £2B; fair grade in all positions at £25 10s. The cocksfoot seed market is, quiet.

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