COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18593, 2 January 1935, Page 2

COMMERCIAL

ACTIVE BUTTER MARKET

STORED STOCKS DECREASE

The market price of New Zealand butter advanced by 5s per cwt. during the, past week, and the present range of 74s to .70s is equal: to B.;>Bd per : :lb;. f.o.b, ■ Last week, 1506 tons were delivered, compared with 1426 tons a year ago, and 615 S tons remained in store, a decrease of 57 tons on the previous week. A 1 year ’ago, 2000 tons remained in store. Australian deliveries last •week totalled 2258 tons, leaving 2808 tons in store.

The Imperial Economic Committee’s estimate of all stocks of butler in store was ,611,163 boxes, -compared with 406,452 boxes a year ago.

Quotations supplied by the Dairy Board at the end of last week were: — New Zealand, salted 74s to 765, unsalted 74s to 78s; Australian, salted 74s to 755. unsalted 75s to 765; Argentine, unsalted 72s to 735; Danish, 100 s f.0.b., 121 sto 322 s spot. The market for New Zealand and Australian butter was described.as firm and active. The retail price of New Zealand butter was reported as unchanged at 9d to 10s per lb, with Danish at Is 2d and Is 2d.

|On the strength of the.rise in London, some forward buying has taken place' for Januaiy-Eebniary shipment at, Sjd per lb., equal to about 77s per cwt. London. However, it is reported now that factories are asking 9d’ per

FROZEN MEAT MARKETS

MUTTON AND LAMB

The markets for New Zealand frozen mutton and lamb at Smithfield improved fast week, wether mutton rising by sil to §d per lb, ewe mutton by §d to |d, and new season’s North Island lamb by §U, except-,second grades,.,which,.remain unaltered. | One of the anomalies, which occasionally occur at this time of the year, is that 371 b to 421 b lambs are dearer than those 361 b and under. Selected lines of 371 b to 421 b now season’s North Island iambs last week sold at,'ah average. price of B§d;‘ with other North Island brands ot the same weight at 7|d, whereas the 361 b and under 1 - lines brought. §d less. Tlie Meat Board reviews the position as under ‘‘Lamb.—New season's lamb is meeting with good trade,- with prices very firm

“Mutton.-n Tor wethers and ewes, trade is good at higher prices owing to short supplies. ‘'Beq/.—The;..market, is.-steady,-and prices are unchanged “New Zealand porker pigs.—There is fair trade, with lightweights slightly higher. “New.-Zealand baconer- pigs.—Prices are nominal,*! . - - -.... The news of the improvement in the lamb market suggests that Gisborne might'pfove fortunate in the early lamb shipments this year. At first regret was expressed mat the pre-Christmas market would be missed, but if the market continues its firming tendency, and maintains it while the first Gisborne shipments are marketed immediately the holidays are over 5 early shippers will consider themselves fortunate.