COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 167, 29 April 1935, Page 8

COMMERCIAL NEWS

FROZEN MEAT TRADE.

PRODUCERS’ BOARD REPORT.

The New Zealand Meat Producers Bbard has received the following cable from its London office, dated April 26, advising that the following are the 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 deliveied to Smithfield market and/or ex London stores:- Ml , ~ ' j Frozen Mutton—Crossbred wethers and . maiden ewes, Canterbury and North Island selected, 48-561 b 4£d, oi--641b 3|d, 65-721 b 3*d. North Island, 48-561 b 4|d, 57-641 b 3Jd, 65-/211> 3id. Ewes. 481 b and under 3|d, 48-641 b 2sd, 65-721 b 2id. - - oel . . -.'Frozen Lamb— Canterbury, 3611> and under 6ld, 37-421 b 6*d, 43-501 b 6|d; second quality, average 321 b, old. South Island, 361 b and under Old, 37.421 b 6id, 43-501 b6l d. North Island selected, including Downs, 361 b and under 61 d, 37-421 b 61d, 43-501 b 61 d; second quality, average 321 b, 6|d. North Island, first, 361 b and under 64 d, 37-421 b6l d; second quality, average 321 b, s|d. Victorian, first, 361 b and under sgd, 37-421 b sgd. Argentine, 361 b and under 51 d, 37-421 b sgd. Frozen Beef—New Zealand: Ox fores 25d, ox hinds 3fd. Australian: Ox crops, over 1001 b, 3Jd; ox crops, ovei 1601 b, 3|d. _. , . , ■ Chilled Beef—Ox fores 3gd, ox hmds s|d. , . . Frozen Pork—-New Zealand porkei . 60-80 lb 6d, 81-1001 b old, 101-1201 b 6|d. New Zealand baconer: 120-160 lb s§d. Lamb Market —Prices for second quality and heavy prime lamb slightly lower; other steady. Consumption is improving steadily, but heavy arrivals of Australian lamb depressing market. .Mutton Market—Wethers; market slightly easier with trade slow. Ewes; steady,'With fair trade. Beef Market—Quiet and unchanged. New Zealand Porker Pigs—Steady and 1 meeting with fair trade. Baconer Pigs—Market steady and unchanged. The--Board supplies the; following table, giving the equivalent New Zealand parity, after deducting all costs, inducting selling commission. The costing is based; on to-day’s estimated skin values and includes exchange at current rates. The* calculation is on the basis of a prime woolly lamb weighing, say, 341 b delivered at freezing works. N.Z, “overall” If price parity delivered to delivered at works Smithfield is (approximately) (d. per lb) (d per lb) 6* ' ' 6.64 . .. • ,6g 6.49 ■ J '-‘ .. "6i‘ ..... , $.34 , The cost of killing freezing, and placing on board steamer is based on a charge of .575 d per lb.

if Messrs J. Trevor Thomas and Co. have received cable advice from their London agents under date Aprij, 27, as under: —

New Zealand lambs; selected Downs (seconds) 6|d; selected Downs, 6|d, 6Jd; 2’s 6§d, 6Jd; B’s 6gd, 6|d; 4’s 6|d, 6§d; secondary s|cl, 6|d; New Zealand mutton, small 3fd, 4|d; large 3Jd, 3Jd; New Zealand ewes, small 3d, 3Jd ; large 2£d, 2|d ;’New Zealand beef, ox hinds 3id, 3^d; foies 2§d, 2|d; Argentine chilled ox hinds 6|d; fores 3sd, 3gd; New Zealand pork 5Jd, s|d; Australian lambs s£d, s|d; superfine quality s§d, 5fd Argentine lambs sid, ssd. Lambs.—The market is well supplied but there 1 is a little more demand. Wethers—Trade is brighter, with a better demand. Ewes—There is a fair demand. Beef—The demand is moderate, with prices a little lower. Pork —The market is quiet and unchanged. Trade is affected by the holidays.

GRAIN AND PRODUCE. • "V j; 'hi'-’ ' , ' * VICTORIAN QUOTATIONS. ; n MELBOURNE, April 27. -L Wheat—3s 4d per bushel. Flour— £ll 12s 6d. Bran—£4. 10s. Pollard— £4 15s. Oats —2s to 2s 4)d. Barley—English 2s 9d to 3s. Maize—4s. Potatoes—£6 10s to £7. Onions—£7 10s to £7 15s. i>* • . ji-jr i —— AMERICAN WHEAT QUOTATIONS. ‘ D f V V> • NEW YORK, April 27. Wheat quotations are:— Chicago: May 99£ cents a bushel, July 98|, September 99|. New York: Cash 118 cents.

, DIVIDEND DECLARED

FARMERS’ TRADING COMPANY. AUCKLAND, April 27. The Farmers’, Trading Company has declared final dividends on A and B preference shares at the ; rate of 7 pei cent, per annum, less statutory reductionof 20 per cent. The dividend's are payable on May 31.