COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19127, 23 September 1936, Page 2

COMMERCIAL

OPOTIKI DAIRY PAY-OUT BONUS AND ADVANCE The Opotiki Dairy Association paid out to suppliers this week Is per lb. butterfat on account, of the August supply, fd for the whole of last -season, with an additional 2d for the butterfat supplied timing June and July. DAIRY MARKETS SLOW FURTHER PRICE FALL DOWN TO 100/- PER O\VT New Zealand butter in London has fallen a further 3s per cwt, since the end of last week, making a, total drop of 6s per cwt. in five days. Tho new price is 100 s per cwt, equal to ll|d-per lb,, f.0.b., or nearly Id per lb below the. guaranteed price of 12 9/16d. Four weeks ago, the London price was 122 s per cwt, equal to 14Ad per lb, f.o.b. The rapid price decline over the past four weeks is shown in the following table, together with the f.o.b. rates and also the Danish London prices : New Zealand Danish London F.o.b. London

Messrs. A. If. Turnbull and Company, Limited', report having received tlie following cable message from Messrs. Weddel and Company, Limited. London, under vesterdav's date :—"Butter : Danish, 1235; New Zealand, 100*; Australian. 100 s. Cheese: New Zealand, white 675, coloured 655. Both markets are slow."

rain value rat o cwt.lb. cwl Aug: 21- . . 122/14W 128, Aug. 28 . . 120.'Wlcl 12 ; Sept. A . . 115/13i» 12 8/ Sep,t. n . . 110/13d 128/ Sept. 18 -. . 106;'12i<l .124, Sept. 19 . . 103/12cl 124/ Sept. 22 . . 100/ii5'd 123,