COMMERCIAL NEWS

Ashburton Guardian, Volume 49, Issue 200, 10 June 1929, Page 7

COMMERCIAL NEWS

FROZEN MEAT TRADE. LONDON QUOTATIONS. ! United Press Association—Copyright.) LONDON, June 8. The following quotations are for wholesale quantities delivered at Smithfield :—■ Frozen Mutton—Argentine: Light ssd, medium 4gd. Patagonian: Light 53d, ewes s|d. Frozen Lamb—Canterbury: Light 9£d. Patagoniam: Light B£d, medium 7£dl. . No Victorian seconds are offering. Chilled Beef —Argentine: Fores 4|d, hinds 63d. Others are unchanged. —Australian Press Association. PRODUCERS’ BOARD REPORT.

The New Zealand Meat Producers’ Board has received the following cablegram from its London office, dated June 7, advising Smithfield delivered prices averaged for the week ended that date as follows:

New Zealand Wethers and Maidens— Canterbury quality (selected brands); 561bs and under 7d, 57-641bs 6d, 65721bs sfa. Other brands: 561bs and under 6£d', 57-641bs s|d, 65-721bs sfd. N.Z. Ewes—64lb and under sd. N.Z. Lambs—Canterbury quality: 361 b and under 9fd, 37-42 8 7-Bd, 43-50 Bfd; seconds 8 7-Bd. Selected brands: 361 b and under 9fd, 37-42 83 d. Other brands: First quality, 361 b and under 93d, 37-42 8 5-Bd, second quality, 30-32 average 9Jd. Australian Lambs—Victorian: First quality, 361bs and under Bgd, 37-42 Bid. . , Argentine Lambs —First quality, 361 b and under Bd, 37-42 7fd. Argentine Chilled Beef—Ox fores 4|d, ox hinds 6fd. N.Z. Frozen Pork—Porkers: 60-80 lbs 83d, 81-991bs BJd, 100-1201bs Bfd. Ba-coners: 121-1801bs B£d. Lamb Market—Consumption is improving; prices remaining unaltered. Market firm.

Mutton Market—Unchanged and trade very slow. v N.Z. Porker Pigs—Small trade. Nominal prices. Baconer Pigs—Market quiet. DAIRY PRODUCE. OVERSEAS QUOTATIONS. The New Zealand Meat Producers’ Board lias received the following market report from its London office, dated June 7 :

BUTTER. New Zealand —Salted 169 s to 1725, unsalted 170 s to 1725, first whey 160 s, second whey 1565. Australian —Finest salted 163 sto 1665, unsalted 164 s to 168 s. Argentine —Finest unsalted 160 s to 1645. Irish —Creamery, salted 168 s to 170 s, unsalted 172 sto 1745. Danish —Market firm, 167 s f.0.b., 172 s to 174 s spot. Dutch—Unsalted 166 s to 168 s. Estonian—'Salted 1625, unsalted 1645. Latvian—Salted 1625, unsalted 1645. Siberian French —Baskets, unsalted 158 sto 1645.

The market is quiet at the advance. Retail prices are unchanged. CHEESE. New Zealand—White 92s to 935, coloured 94s to 955. The market is firm on light offering. Canadian White 104 e to 110 s, coloured 104 s to 106 s. The market is quiet. Australian —White 89s to 91s, coloured 90s to 935. The market is firm, and retail prices are unchanged. English finest farmers’ dheese stocks are decreasing and prices are nominal. The Board has also received the following advice from its agents in Canada:— Butter —-New York 43 cents (Is 9£d), Montreal 35J cents (Is 53d). WINTER WHEAT CROP. UNITED STATES’ FORECAST. WASHINGTON, June 8. The 1929 winter wheat crop is estimated at 622,148,000 bushels, based on conditions on June 1, which were held to he 79 per cent, of normal. THE WOOL TRADE. HOME POSITION UNSATISFACTORY.

LONDON, June 8. Owing to continual industrial disputes rather than any election influence, the wool position remains most unsatisfactory. The price generally is still tending down, and manufacturers are only purchasing bare necessities. Considerable stocks are still held at Bradford and elsewhere.