COMMERCIAL NEWS

Ashburton Guardian, Volume 54, Issue 198, 4 June 1934, Page 7

COMMERCIAL NEWS

FROZEN MEAT TRADE. PRODUCERS' BOARD REPORT. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated June 1, advising that the following are are approximate average prices realised for the week, based-on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield Market and (or) ex London stores. . Frozen mutton, crossbred wethers and maiden ewes—Canterbury and North Island selected—4Bs6lb s§d, 57-641 b 4fd, 65-721 b 4£d. North Island —4B-561b s§d, 57-6411) 4fd, 65-7 lb 4fd. Ewes—4Slb and under 4gd, 48-641 b 3§d, 65-721 b 3|d. Frozen Lamb: Canterbury—36lb and under 7£d, 37-421 b 7£d, 43-501 b 6£d; seconds, average 321 b 7|d. South Island— 361 b and under 7fd, 37-421 b Id, 43-501 b 6|d. North Island selected, including Downs—36lb and under 7|d, 37-421 b 7Jd, 43-501 b 6£d: seconds, average 321 b 7|d. North Island—Firsts, 361 b and under 7|d, 37-421 b 7d, seconds, average 321 b 7gd. Victorian, firsts — 361 b and under 7|d, 37-421 b 6|d. Argentine, firsts —361 b and under 7d, 37-421bs 6|d. 1 Frozen Beef—New Zealand—Ox fores ox hinds 3f-d. Australian—Ox crops, over 1001 b 2fd, ox hinds, over 1601 b 3gdChilled Beef—Ox fores 2fd, ox hinds 51 d i Frozen 6'id, 81-1001 b 6d, 101-1201 b N-.Z. baconer—l2o46olb s^l. Lamb Market.—Very firm, with further increase in prices. Consumption excellent. ' Present short supplies of home-killed lamb and mutton helping our demand.

Mutton market.—Wethers meeting with good trade at better prices. Ewes are also firmer, especially lightweights. ;.,'-'. i Beef market—Steady, with fair demand _ . . • . N.Z. porker pigs—Prices better owing to short spot stocks. ' Bacons pigs—Market steady and unchanged.

DAIRY PRODUCE.

OVERSEAS QUOTATIONS. The New Zealand Dairy Produce Board has received the following market report from its London office, dated Juno 1:

Butter. New Zealand—Salted 76£s to 77s (last week 77s to 78s), unsalted /8s to 80s (80s). The salted price equals approximately B.Bd f.o.b. Australian—Salted 73s to 745,. unsalted 74s to 755. Market steadier at end of week. • .. . Danish—64s f.o.b, 86s spot (steady). Dutch—Unsalted 70s to 80s Esthonian—Salted and unsalted 72s to 745. , ~ 1 „ . Latvian—Salted and unsalted /2s to Retail prices unchanged, New Zealand 10d, Danish lid. Cheese. New Zealand White to 45s (last week 455); coloured 44s to 4&is. Improved demand at end of this week. Canadian—White and Coloured 51s Market steady. New Zealand retail price unchanged, 6d. The South Island Dairy Association, Ltd has received! the following market report from the New Zealand Produce Association, Ltd., London:— . . Butter.—Steady, with more inquiry, 76s to 775. Danish, 86s. Cheese—Firmer tendency. Wlnte 44s ?Td' to 455. coloured 445. AUSTRALIAN PRICES. WELLINGTON, Juno 2. The New Zealand Dairy Produce Board has been advised by the Australian Board that it has fixed the minimum prices at which Australian butter may be sold for forward shipment to the United Kingdom during the coining week at 9d and BM. These prices are New Zealand f.0.b., the equivalent of Australian c.i.f.e. minimum prices fixed.

BRITISH TOBACCO COMPANY.

THE QUARTERLY DIVIDEND. _ WELLINGTON, June 3. The British Tobacco Company has declared its quarterly dividend of 1§ per cent, on ordinary shares, payable on Juno 30. AMERICAN WHEAT QUOTATIONS. NEW YORK, June 2. Wheat quotations are— Chicago—July 98i cents, September 993, December 110 f. New York—Cash 108 J.