COMMERCIAL

Poverty Bay Herald, Volume LXIII, Issue 19133, 30 September 1936, Page 2

COMMERCIAL

DEMAND FOE HIDES lEATttEE PRICES RISING A report ..issued last week'by the secretary of the Master Tanners and Leather Manufacturers' Association of New South Wales states that, within the last, few weeks, a fresh and strong demand has taken place for hides and skins at increased prices by exporters to British and foreign countries. The demand i* common throughout Australia, and each succeeding week lias witnessed higher_;values, „while indications point" "strongly - to the market making further advances. The rcport.adds that, in consequence of these-higherJprices'for raw material, tanners.,'and "leather manufacturers are revise their selling prices for leathers. - IS a, number of instauces this'has itiffSKHf" talMi pfctee. CANTEEBtfEY FAEMEES IMPROVEMENT IN TURNOVER Steady- progress in the, business of the Canterbury Farmers' Co-operative Asspciation,'Xiniited, of Tinlaru, was reported by the Chairman, Mr. F. R. Flatman, at the recent annual meeting of shareholders. Turnover at £1,065,518 was an improvement of £178,143, much of the increase being the result of higher prices ruling for wool and stock during the feason, with a. steady increase in merchandise- trading. The association's responsibility in finance showed a decrease of £20,835, notwithstanding the fact that merchandise stocks on hand showed an increase of £7870. all of .which Were paid for. Production in South Canterbury was Favourable, and reasonably good prices had been available for all classes of produce, with the exception of the seed trade, which, owing to tlie absence of export demand, left considerable room for improvement. BUTTEE EISING AGAIN NEW ZEALAND AT 105/The market for butter in- London, has taken a turn for the better 1 , and prices for New Zealand and Australian have improved by 5s per cwt. since the closa of last v.-eek, and are now quoted at 105 s, equal to just undfer I2£d petlb., f.0.f0., or slightly below the Government's gaarattt&o. : T)anish .tetter has improved by only Is per ewt. since the close of last Week. White, cheese has improved in sympathy with butter, and is quoted,' 2s per cwt. higher than at the close of last week, but coloured cheese has declined by .that amount. tyemi, A. 11. Turnjmll and Company. Limited, report having received the fpUoWing cable advice from Messrs. Woddtl and Company.: Limited. London; tinder yesterday's date: —"Butter.— Danish, 12&; New" ZealnuH. 105 s; Australian, 105 s. Cheese.---White. 70s: col-, onred, 60s. Both markets are strong owimr io small offerings." !