ADVANCE IN BUTTER

New Zealand Herald, Volume LXXIV, Issue 22670, 6 March 1937, Page 11

ADVANCE IN BUTTER

NEW ZEALAND 90/- TO. 91/MARKET REPORTED FIRM CHEESE ALSO HIGHER £ There has been an advance in th» price of New Zealand butter in London, salted being quoted at 90s to 91s per civt., a rise of 2s over the past week. Tlio market is firm. Danish and Australian are correspondingly lower. The London quotation of 90s to 91s per cwt. is equivalent to approximately 10.55 d per lb., f.0.b., New Zealand ports, compared with the guaranteed price of 12.565 d, f.o.b. Cheese values also are a shade higher, both white and coloured showing a rise of 6d. The market is firm. A Press Association message sent from London on Thursday states that butter is firm. Danish is quoted at 120s; choicest salted Australian Australian and New Zealand, 90s to 91s; unsalted, New Zealand, 945; Australian, 925. Cheese is firm. New Zealand, white and coloured, 555; Australian, 53s to 53s 6d. The following table compares the mean closing prices on the London market for the past two weeks, a month ago, and a year ago:— Mar. 5 Feb. 26 Feb. 5 Mar. 6 Butter— 1937 3937 1937 3 936 New Zealand 90/G 88/6 87,'6 86/Australian . 90/6 88/6 86/6 86/Danish . . 120/-. 118/- 119/- 132/Cheese—New Zealand: White .. 55/- 54/0 51/- 49/9 Coloured .. 50/- 51/6 51/- 53/Q Canadian: White .. 71/6 71/6 71/6 62/Coloured .. 71/0 7J/0 71/6 63/8 FREEZING WORKS BUSY OPERATIONS AT HOROTIU MANY LAMBS AND PIGS " [rnoii OUR OWN correspondent] HAMILTON, Friday A large number of lambs are still being handled at the Horotiu freezing works, the season for the production of lambs being very much longer than usual owing to the exceptional weather. At present up to 2000 lamb 3 a day are being killed at the works, but it is expected that the numbers coming forward will gradually diminish. The production of pigs in the Waikato is steadily increasing, and -up to 500 a day are being killed at Horotiu. Beef is also being handled in large quantities, and 500 chilled carcases are being despatched for export this week. MAORI FARMERS DAIRY COMPANY'S INTEREST ADVISORY DIRECTOR ON BOARD K [from our own correspondent] *'• HAMILTON, Friday A novel means, of ensuring the interest of native suppliers in the direction of the company has been adopted by the Te Awamutu Co-operative Dairy Company, Limited, which has invited Maori farmers who send cream to its factories to nominate an advisory director. lie will attend all board meetings , and is to act as adviser to the company when any requests for financial . assistance are received from native suppliers. The secretary-manager of the company. Mr. A. J. Sinclair, in a circular to the Maoris concerned states that since tho company commenced operations a good cream supply has been received from native suppliers and the directors liked to think that they were assisting them in their efforts to become established in dairying. In order that the Maoris themselves may play some part in the appointment of the advisory director, the company has asked them to submit the names of three native suppliers who would be qualified to accept the position. From this list the directors will make the final choice. BRADFORD MARKET FIRMNESS OF VALUES LONDON, March 4 The Bradford tops market is firm and tending against buyers. Yarns also are dearer. Following are to-day's quotations and those of recent weeks:—

The last two are nominal. TAXATION REMISSION HOPES IN AUSTRALIA Keen disappointment would be felt in business circles if further reductions i iu taxation were not made when the I next Budget was presented, said the ' secretary of the Melbourne Chamber of j Commerce, Mr, T. A. Lennox-Bigger, i last week, when referring to the re- | ported possibility of a Federal deficit ; for the financial year ending June 30. It was to be hoped, he said, that nothing would be allowed to interfere with further remissions. lieductions already made had been beneficial in assisting recovery in trade and commerce.' Further reductions in sales tax, income tax and primage duty on imports from the United Kingdom were essential. Taxation would be the subject of discussions at the conference of Associated Chambers of Commerce to be held in Perth on March 9', when resolutions pressing for further reductions would be submitted for consideration.

F( :b. 1 1 Feb. IS F eb. 25 Mar. d d d d S 0V< ;n ties 30 38 ' 38 38 S ixt yfours .. 37 36 36 36 s ixt ie s 3(J 35 35 35 F ift yeights . 33 31 31% 31V * F ift ysixes .. 20 28 28 2S F ift ic s . . 24 Vj 24 24 24 F ort y ■sixes .. 23Va 23 23 22V F ori ,i« s .. 23% 23 23 22