COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18759, 16 July 1935, Page 2

COMMERCIAL

- THE BUTTER MARKET N.Z. STOCKS LOWER Stocks of New Zealand butter in London were lower last week than at the end (,f the previous week. 'l’he Hairy Loatd reports that on July 12. stocks of New Zealand butter in store totalled 694 C foils, compared with 7012 tons the previous week, onlv about halt of the: total oi 13.160 tons a year ago. Last week’s deliveries totalled 1460 tons, compared with f 169 tons the previous week. On July 12, the Dairy Board reported the market steady for Australian and New Zealand and quiet for other butters at the following quotations: New Zeitland, salted 89s to 90s (equals 19.42(1 per lb., F.o.b.jr unsalted 90s to 925; Australian, salted 86s to 87s, unsalted 87s: Irish creamery, salted and unsalted *SBs • Danish. 99s to 100 s spot, 78s f.0.h.; •Dutch, umailed 80s to 86s; Estonian, 'salted 'B2s.’ to 83s :■ Siberian/ salted 82s Jo 84s: Ukrauian, salted 81s to., 83s; Polish, salted 72s to 7os; Lithuanian 79s to 82s. ** Retail prices remained unchanged ai •lid for New Zealand and Is for Danish. 1 The Imperial Economic Committee's estimate of stocks of all butters in store Js 1,233,459 boxes, compared with 1.766.170 boxes a year ago. butter marketing REGULATIONS UNCHANGED ' As the necessary three* months' notice to* terminate the' marketing regulations •at present operative between the New 'Zealand Importers’ Association (in Lon- • Ron) and the board has not been given. 4he regulations . automatically continue ‘•for a fun her 12 months from Augirit 1. Li .5, gradings. ...... However, the board has agreed with the Importers’ Association that- it will lie pleased to receive suggestions for improvement in the working of the regulations, these to be considered when the board's London manager, Mr. H. E'. Davis, arrives in New Zealand .towards the end of August. : The,.allocations of factory outputs on CQbsigihiien't,; in the absence of any special considerations that may render adjust meat necessary, . will continue the sanife.aslor the >l934-35 season. • FROZEN MEAT MARKETS % LAMB PRICES HIGHER is ___ "iPie. Meat Board reviews the meat markets at Smithfield as follows: “’Lamb. —The market, is . very firm, with prices better and consumption good “Mutton,—Market:. Wethers are meet ing with a better demand. For ewes, trade is quiet, with prices easier. "Beef.—The market is affected-by tin low prices of Argentine chilled-beef. “New Zealand Porker Pigs.—There i> a poor demand owing to the hot weather.. “New Zealand Baconer Pigs.—Tinmarket is steady and unchanged.” ENGLISH WHEAT MARKET (•Eire. Tel. Copyright —United Press Assn.) (Received Jii.lv ICc II turn.) ' LONDON. July in. Wheat -cargoes 'biased firmly, with parcels irregular, ,»■'-.■>.* - * Futures: London, September, 21 lit; Liverpool, July, 4s 9Jd; October. December. March, all ‘is lOj-d. The annual meeting of- the Hawke v I Bay fanners’ Co-operative Association. Limited, was held fu Hastings on Fi-i-l day, the chairman'of directors, Mr. J W. Harding, presiding. The directors' report stated that, after allowing tor the payment of rebates to shareholders at the rate of 121 per cent, on various commissions contributed and 2 per cent, on goods purchased, and making pro vision for depreciation on buildings, plant, etc., and for estimated amount ol income tax, the balance of profit, including £9567 5s brought forward from last year, amounted to £20,954 18s 4d. which the directors recommend should be allocated to paying a dividend of 6 per cent, on paid-up capital and adding the sum of £ISOO to the reserve fund, the balance to be Carried forward.