FALL IN BUTTER

New Zealand Herald, Volume LXXII, Issue 22247, 23 October 1935, Page 9

FALL IN BUTTER

DECLINE OF 4/- PER CWT. NO BUSINESS PASSING RETAIL PRICE A FACTOR The fall in London prices for butter has continued and New Zealand is now quoted at 118s to 120s per cwt., a reduction of 4s since the end of last week. There is no business in either the butter or cheese markets, according to a cablegram, dated* October 21, received by Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited, London. A. S. Paterson and Company, Limited, has been advised by J. and J. Lonsdale and Company (London), Limited, that the butter market is weak owing to a slow demand following tho higher retail price. The message states that the Continental shortage on German activity should result ultimately in steadying the market, but the future level depended on the effect on consumption of the high retail price. Tho firm comments that the trend of tho market was in line with previous cablegrams received, which indicated the danger of advanced retail prices detrimentally affecting the high level of butter consumption, achieved partly at the expense of margarine. During the past week London retail prices for New Zealand butter had risen from Is 2d to Is 3d, and the market appeared to be feeling the effect of the substantial increases made recently. MINIMUM EXPORT BATES BUTTER PRICE ADVANCED The minimum f.o.b. rates fixed by the Dairy Produce Board for the period from October 19 are as follows: —Butter, 13Jd per lb. (a rise ,of Id), and cheese, sia (unchanged). rates are equivalent to 108s Id and 47s lOd per cwt., c.i.f.e., and are less 1J per cent commission. ARAWA DISBURSEMENT BONUS ON PREVIOUS YEAR [BT^TELEGHAPH —OWN CORRESPONDENT] TCHAKATANE, Tuesday The Arawa Dairy Company, Limited, has paid out Is per lb. butter-fat for September supply. This has been supplemented by a bonus of .3d per lb. over the whole of the supply for last season. While the supply to many factories over September has not been up to that of last year owing to the late season, the Arawa Company's production is just under 20 per cent in advance of that of the corresponding period of last year. This together with the increased price has enabled the company to pay out slightly more than double the .amount distributed in Sepj tember last year. THE CITY MARKETS BANANAS SLIGHTLY CHEAPER HIGH PRICES FOR ONIONS Pears, local grapefruit and hothouse tomatoes increased in price at tho City Markets yesterday. Ripe bananas, however, decreased slightly in value. The Port Whangarei arrived during the day with a shipment of Tongan kumara and bananas. In the vegetable section, new potatoes, green .peas, asparagus,* rhubarb and cabbage were in heavy supply, potato and rhubarb prices being a little lower than those riding last week and the other lines selling at about the same rates. Cauliflowers, parsnips and kumara sold well, while onions realised as much as 25s a cental. Ordinary pumpkins sold at from 6s to 10s per cwt., choice varieties fetching up to 16a. The supply of poultry was medium. Laying birds and White Leghorn chicks were hard to quit, but the prices ofc table birds remained unaltered. Values were: — FRUIT Apples, Dougherty, 7s to 9s a case; Rome Beauty, 9» to 10s 6d; Delicious, 8s to lis; Stunner, 8s to-10s 6d: pears, Nelis. Sa to 14s; P. Barry, 7s 6d to 9s; passions, 6» to los; oranges, South Australian, 16s to 255; lemons, cured. 5s to 8s; others, 2s to 4b: grapefruit. New Zealand, large and medium, 8s to 9s 6d: small, 5s to 7s: tomatoes, hothouse, Js to 2s per lb; bananas, 17s to 24s a case; tree tomatoes, 3s to 7s: pines, Queensland, 15s to 20s; grapes, California!!, 22s 6d to 30s. FIELD PRODUCE Potatoes, new, 2d to 3d per lb: No. 2, 5s to 8s 6d a bag: Southern.'l3s a cwt.; swedes. 23 6d to 3s 6d a bag; onions, Canadian, 24s 6d a cental; kumara. Island, 16s to 17s per cwt.:-Tauranga, 5s to 7s a bag; cabbages. 2s to 6s a sack; on benches, Is to 2s a dozen: cauliflowers, 5s 6d to lid a sack; on benches, Is fid to 3s 6d a dozen; pumpkins, ordinary, 6s to 9s per cwt.; choice Triumble, 12s to 15s; cucumbers, hothouse, 5s to 9s a dozen; carrots, 8d to Is 3d; parsnips. Is 3d to Is 9d: beet. Is to Is 6d; turnifcs. Is: radish, 6d to 8d; spring onions, 4d to 7d a bundle; spinach. 9d to Is a doaen: leeks, 4d to 8d a bundle: green peas, 4d to 5Jd per lb: French beans, Is to Is Gd: broad beans, 4d to 6d per lb: melons, 4d to 6d each: lettuce. ls"'6d to 4s 9d a case: celery, cooking, 6d to lOd a bundle: dessert. Is 6d to 2s 3d; „ rhubarb, Is 6d to 3s a dozen : ssparagus, 5d to 9d a bundle. POULTRY » Cockerels, heavy breeds, prime, 4s to 6a each; not prime, 2s up: light, prime. 3s to 4s 3d; not prime. Is 3d up; fat roosters, heavv, prime, Is 9d to 2s 6d; light. Is 3d to Is" 9d; fat hens, heavy, 2s 6d to 3s 6d: J light, Is 9d to 2s 6d; pullete, heavy, best. 3s to 4s Od ; smaller, Is 6d up; light, best, 3s to 4s Gd; smaller - . Is Gd up; drakes, young, prime, 2s 3d to 8s; old, Is 6d to 2s: ducks, young. Is 9d to 2s 9d: old. Is fid to 2s* turkey hens. 4s to 6s: gobblers. 6s to 12s: cockerel chicks, heavy breeds. 4d to "a.- light 2d to Is 3d: day-old chicks. Black Orpington, 3d to sd: Leghorn, Id to 3d; guinea fowls, 3s to 3s Gd. ' BUTTER AND EGGS Eggs, hen, firsts, lljd & dozen: B. 9id; C, Bid: duck, firsts. 10id. B, 91d: C. .id. Butter, farmers', la Id to la 3d per lb. BRADFORD TOPS MARKET VERY FIRM LONDON, Oct. 21 The Bradford tops market is very firm and prices are unchanged. SHIPS FOR SOVIET BRITISH YARDS BENEFIT Tho largest order of its kind given to anv firm of shipbuilders for the past 10 years, and the first shipping order placed by the Soviet Government in Great Britain, has gone to the Furness Shipbuilding Company, Limited, of Haver ton Hill. The contract is for seven timber-carrying vessels, 320 ft. long, having a metric tonnage of 4000 each, for heavy service, including work among ice. in Russian waters. Tho whole order has to be completed within 12 months. It is expected to find immediate work for about 1000 extra workers on Toes-side. All the machinery required for the vessels will bo made by an English engineering firm, a sub-contract which will keep several hundreds of additional workers busy on Tyneside. Finally, the steel plates involved will mean extra employment at English steel works..