COMMERCIAL.

Hawke's Bay Tribune, Volume XVII, 5 September 1927, Page 9

COMMERCIAL.

BIG CHEESE PAY-OUT.

OVER £300,000 FOR FACTORIES.

Wellington, Sept. 24. Mr. T. C. Brash, secretary of the Dairy Board, stated to-day that the board are paying out about September 9 something slightly over £300,000 to cheese factories in the Dominion. This will bring the average price of cheese shipped during the past season up to the following figures:—Finest 7 3-16 d per lb., first grade 6 15-16 d per lb., second grade 6 11-16 d per lb., all on factory weights. If the average is taken on the sale weights, after allowing for shrinkage, it represents approximately 3-16 d better than the figures set out above. It is unlikely there will be any further payment until all the proceeds of the cheese graded up to July 31 have been disposed of. BIG WHEAT POOL. New York, Sept. 4The “New York World’s” Washington correspondent states that the Department of Agriculture has announced that the administration’s approval has been given to the formation of a gigantic wheat P°°l, covering practically every wheat-growing State in the United, to be headed by the former Governor (Mr McKelvie) of Nebraska. The secretary (Mr. Jardine) of the Nebraska wheat pool is taking an active lead in bringing Texas, Oklahama, Kansas, Nebraska, North Dakota, South Dakota and Minnesota into the organisation. It is asserted that Mr Jardine realises that the wheat situation in the United States is not on a par with Canada and through the pool would improve the general condition and centralise marketing facilities, both lor domestic and export trade. It is stated that all financing of the project is obtained through intermediate credit at the banks. Efforts are now being made to have farmers sign a fiveyear contract to deliver their wheat to the pool.—(A. and N.Z.) MARKET SALE. Messrs Gill Bros, report having sold overflowing pens of pigs, poultry, cattle, also large entries of sundries and produce. Bidding was brisk throughout and the attendance large. The following are some of the prices realised:—Poultry: Black Orp. hens 5/- to 5/7; Blk. Min hens 5/2 to 5/6; White Leghorn hens 4/- to 4/9; ducks 4/6: cockerels 4/- to 5/9, all at per each. Pigs: Weaners 21/6 to 27/-; slips 27/- to 29 -; porkers £2 12,6 to £3; stores 35/-. Dairy cattle: 1 Jersey cross cow £8 10/-, 1 at £B, 1 at £8 5/-, 4 at £8 10/-, 6 heifers £2 5/-, 1 heifer at £5 15/-, 1 at £6 26, 1 at £9 17/6, 1 cow at £B, 4 at £8 10/6, 1 Jersey cow on drop £lB 5/-. 1 at £5 5/-. Sundries and produce sold at satisfactory prices to vendors. They also report holding a very successful sale of household furniture and gramophone, gent’s cycle etc., on account Mr. V R. Maney. Again nrices were very satisfactory to the vendor.