COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17955, 6 December 1932, Page 2

COMMERCIAL

BUTTER SALES INCREASE LOWER RETAIL PRICES The deliveries of New Zealand butter 1 in London have more than doubled during the past mouth. For the week ended October 14, the deliveries of New Zealand butter had dwindled down to 937 tons, and again a fortnight later the week’s dispatches from th.e stores totalled only 970 tons. A gradual increase in the sales occurred m the interval, until last week tho Dairy Board reported that for the week ended December 2 tho deliveries totalled 2326 tons, an exceptionally large quantity in any one week lor New Zealand. Advice from the Dairy Board also states that tho retail price of New Zealand butter remains at Is per lb. in London, but both New Zealand and Australian are selling at lid per lb. fail'll generally in Hit* North of Jvnglanu, while sonic of tho South ol England multiple. shops are selling Australian butlei at lOd per lb. The market became weaker, following the improvement m l price to 92s per «:\vt. last week. Stocks of all butter held in London and provincial stores are estimated hy tfie Empire Marketing Board as 391.900 boxes, cfljnpar.ed with 48.1,4X0 boxes at .the corresponding time last year. , To-day's advice shows that the butter market has now lost more than it, gained in the upward movement of a week ago, and that prices have touched a new !<jw level, going down as low as 82s. Even double this figure would have been regarded as a comparatively low level , tour years ago. j Joseph Nathan and Company report to-dav as follows: —“Butter, finest G4s tp 85s, first grade 82b to 83s; the market is slow. Cheese, 625; the market is quiet.”

THE MEAT MARKET I Wether mutton still further improved in price last week on the. SmiUdield market, owes remained unaltered, and iambs were easier. No alteration occurred in tho pork juices. Tho Meat IJoyyd reviews tho position as follows: — 1 “The lamb market is a shade easier, but consumption is satisfactory For Die turio of year. Horne killed supplies consume heavy. “Mutton.—Wethers are firm at better I pficcs. Kvyes are steady. I “New Zealand beef.--Trade is slow owing to lower prices for Argentine chilled beef. |,' “New Zealand porker pigs.—There is a steady trade at unchanged prices. New Zpalaml baconer pigs are nominal.”