COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18089, 16 May 1933, Page 2

COMMERCIAL

BUTTER RATES UNCHANGED LARGE STOCKS OF N.Z. HELD No change has been reported in the market for New Zealand butter in London since the further firming tendency was noted yesterday after the sharp rise of a few days before. The Dairy Board’s circular quotes New Zealand rates on May 12 as 78 s to 80s, with exceptional quality selling at 82s. The deliveries during tho week were fairly substantial, totalling 1895 tons, compared witli 1925 tons for tiie corresponding week last year, while the amount remaining in store was 8218 tons, nearly double the total of a year ago, when the figure was 4916 tons. Australian deliveries last week totalled 2500 tons, leaving 4800 tons in store, compared with 1138 tons delivered during the corresponding period last year and 1100 tons remaining in store. One result of tho firmer prices was that the retail price for Neu r Zealand butter was increased to lOd per lb., with Danish remaining unaltered. The market rate for Danish butter remained practically unchanged; if anything, the quotations were in buyers’ favor at 94s to 965, compared with 96s the previous week. In fact, f.o.b. quotes fell from 81s to 73s for Danish. Argentina and Baltic butters rose only 2s to 4s per cwt.

Commenting on tho market for New Zealand and Australian butter, the Dairy Board states: “The market is excited after a quiet opening, and is firm at the advance.”

Messrs. Dalgety and Company have received the following advice from London, dated May 15:—“Butter is 80s; cheese, 49s to 555.”

EXPORT APPLE MARKET (Eire. Tel. Copyright—United Press Assn.) (Received May 16, noon.) HAMBURG, May 15. Apples are in active demand. The Port Gisborne’s New Zealand Cleopatras made 9s lCkl to 13s 5d ; Dunns, 8s 6d to 11s 4d; Jonathans, 7s 5d to 12s 9d ; Delicious, 7s 5d to 9s 6d; Londons, 7s 5d to 9s lOd; Wolsolevs, many being badly pitted, 5s lid to 9s 2d.

LONDON WOOL SALES (Received May 1.6, II a.m.) LONDON, May In. At. the wool sales, 9233 bales were offered, including 1195 from New Zealand, and about 4224 were sold. The firm tone continued, and .prices further tended in .sellers’ favor. There was brisk home and Continental competition. The offerings wore mostly absorbed. ■ New Zealand sales: Ilalfbved lamb, sli.pe, WME Company, top lid, average 103 d. The Bradford market is very linn, with fair business in tops and yarns.

THE MEAT MARKET

Reporting on the Smith field market, the New Zealand Meat Producers’ Board states:— ‘Lamb. —-Prices are unchanged, hut there isi a slightly easier tendency. Consumption continues good. “Mutton.—Wethers arc slightly easier, but there is more demand for lightweight at the lower prices. Heavyweight wethers are weak and neglected. Ewes are easier, with trade slow. “The beef market is depressed owinjg to large supplies of chilled beef and also frozen beef from all sources. “New Zealand porker pigs.—The market is dull and easier. For New Zealand baconer pigs trade is slow.’’