COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 109, 18 February 1935, 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 Feb. 15, advising that the following are approximate average prices realised for the week, based on actual traasactions of wholesale quantities of the (descriptions of meat mentioned, and are for representative parcels of the goods of-' fering 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, 48-561 b s|d, 57641 b 4fd, 65-721 b 4 Id. North Island, 48-561 b s|d, 57-641 b 4fd, 65-721 b 4|d. Ewes, 4816 and under 4d, 48-641 b 3|d, 65-721 b 3|d. Frozen Lamb—Canterbury, 361 b and under 7|d, 37-421 b 7|d, 43-501 b 7|d; second quality, average 321 b, 6|d. North Island selected, including Downs, 361 b and under 7|d, 37-421 b 7|d, 43501 b 7d ; second quality, average 321 b, 6gd. North Island, first quality, 361 b and under 7d, 37-421 b 7d; second quality, average 321 b, 6§d. Victorian, first quality, 361 b and under 6|d, 37-421 b 6jd. Argentine, 361 b and under 6gd, 37-421 b 6fd.

Frozen Beef—New Zealand: Ox fores 2|d, ox hinds 3|d. Chilled Beef—Australian: Ox crops, over 1001 b, 3|d ; ox hinds, over 1601 b, 3|d. Argentine: Ox fores 3|d, ox hinds sd. Frozen Pork—New Zealand Porker: 60-801 b s|d, 81-1001 b sd, 101-1201 b sd. New Zealand Baconer: 120-1601 b s|d. Lainb Market—Feeling strong, competition from other low priced meats and' values have again weakened through selling pressure. Mutton Market —Wethers and ewes also, weaker in sympathy with lambs. Beef Market—Trade slow owing to heavier supplies of chilled beef. New Zealand Porker Pigs—Prices easier owing to over supply. Baconer Pigs—Slightly easier owing, to lower prices Continental bacon.

Messrs J. Trevor Thomas and Co. have received cable advice from their London agents, under date February 18, which reads as follows:

New Zealand lambs, selected Downs, 2’s, 7Jd, 7|d ; secondary lambs, selected Downs, 6fd, 7Jd; 2’s, 6|d, ’7|d: B’s, 7d, 7|d; 4’s, 7d, 7|d; secondary lambs, 6fd, 6|d; New Zealand mutton, small, 4gd, s|d; large 3gd, 4|d; New Zealand ewes, small 3|d, 4|d; large, 3d, 3fd; New Zealand beef, ox hinds, 3Jd, 4d; ox fores, 2£d, 3d ; Argentine chilled ox hinds, 4|d, sd; fores, 3|d, 3|d'; New Zealand pork, sd, s|d; Australian lambs, 6d, 6|d; superfine quality, 6|d, 6fd; Argentine lambs, 6d, 6|d. Lambs.—The market is over-sup-plied ; sellers trying to force sales have weakened values. Wethers. —Weaker values ruling owing to lack of demand. Ewes —Trade is slow. Beef.—The market is short of supplies; prices nominal. Pork. —The market is over-supplied and prices are affected in consequence. Trade generally is affected by. heavy supplies from all sources. DAIRY PRODUCE.

OVERSEAS QUOTATIONS. The New Zealand Dairy Produce Board has received the following market report from its London office, dated February 15:— • Butter. New Zealand—Salted 88-90 s (last week 89-90 s, last year 67-/0s), unsalted 94-96 s (94-965, 72-745); deliveries 2182 tons (2927, 2050); in store 5325 tons (3491, 6300). Australian—Salted 88-89 s, unsalted 92-935. ' i o Argentine—Unsalted 925. anish—94s f.0.b., 115-116 s spot. Dutch—Unsalted 103-107 s. ' Lithuanian Salted 90s, unsalted 98s. _ Market uiet. Retail prices unchanged, New Zealand lid, Danish Is 2d. - ' Cheese. 1 New Zealand—White 48^-49 is (last week 47£485, last year 4343i5); coloured 48£-90s (47485, 465); deliveries, 20,131 crates (21,274, 20,217): in store 128,956 crates (105,876, 61,000). Australian—White 47-47 vs, coloured 46H75. , , _ Canadian—White 60s, coloured 00625. Market steady. New Zealand retail price unchanged 6d, The board has also received the iollcnving advice from its agents in Canada:—Zutter; New York 30j cents, Montreal 25 cents. THE SHARE MARKET. The following sales were made on the Christchurch Stock Exchange on Saturday:—

UNLISTED STOCKS. Sale Reported. L s. d. 100 Woolwortlis (Sydney), ord. ... ••• 412 6

Sales on ’Change. £ s. d. 100 Comm. Bank of Aust. 0 16 4 100 N.Z. Refrig. (£1 paid) 0 19 7 100 Sun Newspapers 0 4 1 800 Bell Kilgour 0 0 0 3 400 Big River 0 2 200 Maori G-ully ... 0 l 4 400 Mahakipawa 0 0 10 300 Mahakipawa (pret.), 1930 issue ... 0 1 6 10CO Worksop Extended (4) 0 2 9 Sales Reported. £ s. d. 100 Timaru Brewery (7s 6d paid) 0 8 8 100 New Zealand Insurance (late sale Feb. 15) ... . 3 i 3 50 Milburn Lime 2 3 0