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Poverty Bay Herald, Volume LX, Issue 18255, 25 November 1933, Page 2

COMMERCIAL

butter down again 10/- DROP IN A WEEK To day's quotations for New Zealand Jmtter in London show a further decline „f is to 2s per cwt., and stand now at from 77s to 78s, equalling a decline of 10s per cwt. in a week. The extent of the weety 3 decline t..i. be more readily appreciated if shown m terms of value per lb., f.o.b. At thi time last week, butter was quoted at 87s lo 88s, this range equalling nataiy 10*d per lb, f.o.b. To-day s quotations are equal to just undei 9d per lb., f.o.b. When the market rose to 1 10 s per cwt. recently, butter was worth approximately U W P« lb, i-9-V-Therefore, dairy farmers have lost 4d per lb in the value of their butter within a few weeks. .. .Messrs. Joseph Nathan and Company, report to-day as follows“ Butter, 77s to 78s; the market is slow. Cheese, white 475, colored 465; the market is quiet.” RYE GRASS SEED HAWKE’S BAY ENTRIES Although at one stage it was reported that only 40CO acres of rye grass seed had been entered for certification m Hawke’s Bay this year, the Napier telegraph yesterday gives amended figures showing that the area now totals 7_CO acres from 200 different owners and adds;—“Given a continuation of favorable conditions, however, with the present rising price of store stock, it is possible that a fair acreage may be closed up late and harvested for uncertified seed around the Hawke’s Bay flats. MAIZE EASIER A slightly easier inquiry has been noted for maize in Auckland, principally on account (5f the plentiful supply o,t graded' wheat and warmer weather. Whole maize is realising in the city from 4s to 4s 2d a bushel through store and crushed 4s 3d. The Gisborne market is stagnant. Though there has been a definite loosening-up of money for investment lately, it has not been in the direction of mortgage investment, mep in touch With the position informed a Christchurch Sun reporter. The demand has been chiefly for debentures and inscribed stock, of winch there is not epough to go round. Owing to the Moercrya freezing works - ' remaining open for the winter for the killing of bobby calves, farmers in North Auckland have been able t<jf send their fat lamibs to the works much earlier than in previous years, when the works did hot open until .about December. Several largo drafts of fat lambs have already been sent from the Far North to the works, and the number is steadily increasing. A further merging of pork and bacon interests has been brought about by the decision of the New Zealand Pig Marketing ’Association, Limited, and the Inglewood Co-operative Bacon Curing Company to use the same collecting services in Taranaki, and to kill through the Patea freezing works. Both companies will preserve their respective identities, while co-operat-ing to the fullest advantage,■