COMMERCIAL NEWS

Waipukurau Press, Volume XXVIII, Issue 206, 25 August 1932, Page 6

COMMERCIAL NEWS

DAIRY VALLES A RISE EXPECTED DUNEDIN, Aug. 23. “In some quarters it is expected that a rise in prices may take place in the near future,” said a lepiesentative of the South Island Dairy Association in conversation with a Dunedin reporter this morning. “We cannot say definitely what beaiing the results of the Ottawa Conference will have on the market for New Zealand produce, but we think that there are signs of eventual improvement. The new season begins in the first week in September. No ideas of buyers’ values can yet be obtained, but it looks as if for the first few months, at any rate, dairy factoiies will be sending consignments overseas.” The representative went on to say that during the past few days a number of sales of cheese, at present in store awaiting shipment, had been effected, the prices being about 6d for white and 53d for coloured cheese, f.o.b. The dairy produce in store was being rapidly cleared now, and it was expected that by the first week in September all cheese in Bluff and Dunedin cool stores would have been exported. The prices ruling throughout the season had enabled a pay-out of Is per lb. for butter-fat, which must be considered highly satisfactory. It was understood that the top pi ices per lb. had been paid by the Kennington Dairy Company, one of the largest concerns of its kind operating in Southland. The top price was Is 0 5-1 Cd. Speaking generally, however, the average pay-out for the South Island would be approximately Is per lb. At present prospects for the next season appeared to be favourable.

HOME MARKETS BUOYED BY OTTAWA CONFERENCE RUGBY. Aug. 23. Stock markets to-day were more active, following the success of the Ottawa Conference, which stimulated a recovery in the miscellaneous market. Various leading British industrial shares showed improvement. Home industrials, textiles, breweries, Dunlops, Imperial Chemicals, and the Cables and Wireless Company being particularly prominent. EAIIL V SH E A RIN G A HEAVY CLIP A farmer at Clive has already shorn a number of fat ewes, being careful to shear only a limited number each day, to enable him to keep them in the shearing shed in the event of an unfavourable change in the weather. He reports that some of the sheep have clipped as much as 12 pounds of wool, indicating that this year’s clip will be a bumper one in this part of Hawke’s Bay. Butchers are receiving a very low price for their sheepskins, which are now carrying ten months wool; therefore, they will be pleased to purchase shorn ewes as they are easier handled and when trucked there is a considerable saving in freight.