TALLOW NOW

Wanganui Chronicle, Volume 79, Issue 31, 6 February 1935, Page 7

TALLOW NOW

, AMERICAN PURCHASES NEW ZEALAND PRODUCE SHIPMENTS Of BUTTER TWO THOUSAND TONS SOU [i ■) [ Far Pr«sa Aitoolation. ] AUCKLAND, Feb. 5. In addition to useful purchases of butter from New Zealand, the United States has appeared as a strong buyer 1 in the tallow market iu the Dominion 1 ami Australia. Large quantities of tai low have recently been bought on United {States account, and there was an exceptionally keen demand at the fortnightly sale held at Auckland today. Prices rose by about 2s per cwt., and best lines reached 20s* per cwt., ' which is the highest price for some 1 years. About six months ago best tallow was selling at 12s 6d per cwt. t Owing to the dry weather, supplies of tallow available are smaller than usual. Excessive killings of beef cattle in the United States last year are stated to be responsible for the present demand for tallow. , Inquiries have also been received ’ from New York for frozen beef, but r the duty of 4 cents per lb. is proving a handicap to business. A shipment of J 400 quarters of frozen beef for New York will be made by the Port Gis borne, which sails from Auckland to .morrow. However, as yet there is nc indication of a worth-while trade ir ■ moat being established. i Buyers of butter on New York ae■ount are showing interest in the ship■ment by the Opawa, and it is reported [that already space for 5000 boxes has jbeen booked. It is expected that there I will be little difficulty in arranging a [shipment of 30,000 boxes, which is the ; amount consigned to New York by the I Port Gisborne. I It is estimated that, the total amount . f Now Zealand butter already sold to New York is 80,000 boxes, or 2000 ton c ■ 50,000 boxes being from New Zealand [direct, and .‘‘>o,ooo from London.