BUTTER MARKET

Gisborne Times, Volume LXXXIV, Issue 12865, 20 May 1936, Page 7

BUTTER MARKET

TO-DAY’S IHJTTKI.’FAT PAYMENTS. TOTAL OF £481755 TO HE PAID. OUT. To-day iho Kiim of £18955 will bo paid in advance; payment;; in Gisborne and Tolaga Bay by the three dairy factories, Kia Ora, Okitu and Tolaga Bay. Despite in reduction in output the sum is £2875 more this year than for the corresponding period of 1935. The basis of the payment varies from S‘-ld to KBd per lb., bat in every case it is lad per lb. higher than a year ago. The detailed figures are as under, last year’s payments being given in parentheses:— , Kia Ora.-—Price pen lb. 9:Jd (Sd), total £12179 (£10258). '

Okitu.—.Price per lb. 10Jd (9d), total £4874 (£139025. Tolaga.—Price per lb. 9,',d (8d), total £IOO2 (£1550). The Kia Ora company reports a decrease of 7h tons on last month’s supply compared with April last year, bu.t the supply for the whole season to ili-e end o' the mouth is aluad o that for tli© corresponding period last season. The secretary. Mr. J. H. Sunderland. in giving the information, stated that the payment of 91:1 for. the past mouth’s butterfat, which was eomporatively low compared with the market values which had incre a ed sine:: i!i.: payment was decided on, wem'd leave a greater amount for distribution at the end v.

the season. Mr. fi. I ! . ii;;;ni!a n, secretary ol tlie Okit.u company reported that ii'.st mouth/s nuumlacturo teas -slightly below the- make lor April last year. The Tolagft Bay company also repons a -smaller supply last month, compared with the eosifina a year

LONDON STOCKS

Kir ARP INCREASE UN PAST FORTNIGHT.

During the past -fortnight a sharp increase is recorded in stocks A bail ter held in London.

The Imperial Economic Committee’s estimate in ->43.480 boxes of all batters, compared with ,‘H1,503 box' a- fortnight, previously, but the total, rfemains smaller than a year ago, when the figure was 823-1 til boxes. Stocks of New Zealand butter arc still comparatively low, hud stood at 4472 tons at the oml of last week, an iuciva.se during the week ol' 290 tons. A vear ago the total was 704)5 lons. Last week’s deliveries totalled LOGS tons, 85 lons less than the previous week, and just one ton more than during the corresponding week last year. Australian stocks declined by 370 tons last week to 4043 tons, after 2180 tons had been delivered. A year ago Australian stocks totalled 7874 tons after 1 772 tons hud bivn delivered.

The Dairy Hoard’s London report under date of May 15 states that the market then was Arm at the- following quotations, those for the previous week baing given in parentheses: New Zealand, salted 93s to 95s (88s to 89s), unsalted 93s to 95s (88s to 89s); Australian, salted 92s to 94s (87s to 88s); Danish V’.o.b. 82s (795), spot 102 s (llJOs to 101 s); Dutch, unsalted 85s to 90s (84s. to 86v-| ; Siberian, salted S9s to 92s (87s) ; Polish,, so-lted BjS t-o 84s (82s to S3s), unsaifcrd 83s (82s). Detail prices wore unchanged at lid per lb; for New Zealand and Is Id for Danish . The war risk has been reduced to sc! per cpiit after .the «,s. Rotorua-, but 'is subject to alteration without notice.