COMMERCIAL NEWS

Ashburton Guardian, Volume 55, Issue 304, 7 October 1935, Page 7

COMMERCIAL NEWS

FROZEN MEAT TRADE. PRODUCERS’ BOARD REPORTThe New Zealand Meat Producers Board has received the following cable from the London office, dated Oct. 1, 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 delivered to Smithfield market and/or ex London stores:— Mutton. Canterbury! and North Island selected crossbred wethers and maiden ewes, 481 b and under sd, 48 to 561 b 4|d, 57 to 641 b 45 d, 65 to 721 b 43 d; North Island, 48 to 561 b 4|d, 57 to 641 b 456, 65 to 721 b 43d, ewes, 481 b and under 3£d, 48 to 641 b 3d, 65 to 721 b 2£d. Lamb: Canterbury!: 361 b and under 7|d, 37 to 421 b 7fd, 43 to 501 b 7d; second quality: average about 311 b 6|d ; other South Island brands : 361 b and under 7|d, 37 to 431 b 7|d, 43 to 501 b 7d; North Island Downs, 361 b and under 73d, 37 to 421 b 73d, 43 to 501 b 7d; second quality, average about 301 b 7d; North Island, first quality: 361 b and under 7£d, 37 to 421 b 7-Jd; second quality: average, about 311 b 63d ; Argentine, first quality, new season’s: 361 b and under 6|d, 37 to 421 b 6£d. Beef. N.Z. frozen: Ox hinds, 145 to 2101 b 3|d, ox fores, 145 to 2101 b 2£d. N.Z. chilled, ox hinds, 145 to 2101 b 4£d, ox fores, 145 to 2101 b 2gd. Argentine chilled, ox hinds, 145 to 2101 b s£d, ox fores, 145 to 2101 b 2|d. * Uruguayan chilled, ox hinds, 145 to 2101 b ssd, ox fores, 145 to 2101 b, 2§d. Australian frozen, ox hinds, 145 to 2101 b 3£d, ox crops, weights corresponding, 2|cl. Southern Rhodesian chilled, ox . hinds, 145 to 2101 b 4fd, ox fores, 145 to 2101 b 2£d. Pigs. ’ N.Z. porker, first quality: 60 to 80lb 6d, 81 to 1001 b s£d, 101 to 1201 b 53d. N.Z. prime baconer pigs: 121 to 160 lb s|d. Lamb Market—Prices have advanced ow’ing to reducing stocks. Consumption continues good, but affected by heavy Home-killed supplies. Mutton Market—'Wethers quiet with heavy-weights slightly easier. Ewes: Market steady and unchanged. Beef Market-Prices shade easier, but demand improving. New Zealand Porker Pigs—Trade siow, owing to unsuitable weather and large Home-killed supplies. New Zealand Baconer Pigs—Nominal.

Messrs J. T. Thomas and Co. have received cable advice from their London agents, under date October 5, as under: New Zealand Lambs Selected Downs, 2’s, 7-|d, 8d ; secondary, 6fd, 7d; lambs, 2’s, 75d, 73d; B’s, 7-gd, 7fd; 4’s, 6Jd, 7d; secondary, 6fd, 7d. New Zealand Muttony-Small, 4£d, sd; large, 4£d, 4£d. New Zealand Ewes—Small, 3d, 3£d ; large, 25d, "fid. New Zealand Frozen Beef—Ox hinds, 3£d, 33-; fores, 2£d, 2£d. Dominion Chilled —Hinds, 4d, 43d; feres, 2£d, 2|d.South American Chilled —Hinds, s£d, 6£d; fores, 2£-d, 3d. New Zealand Pork —s£d, 6d. Australian Lambs (new season’s) — 6|d, 73d. Argentine Lambs (new season’s) — 6*d, 7*d. . , Lambs: The market is becoming firmer, owing to small supplies available.

Wethers: The market is quiet hut firm.

Ewes: The demand is steady, but. not sufficient to stand an increase in prices. Beef: There is a little better demand. Pork: Trade is slow. Trade generally isr quiet.

THE SHARE MARKET,.

The following sales were made on the Christchurch Stock Exchange on Saturday:—■ LISTED STOCKS. Sales on ’Change*

DAIRY PRODUCE.

BUTTER. MARKET FIRM. The New Zealand Dairy Board has received the following market report from its London, office, dated October 4:— ' Butter. New Zealand salted, 117 s, 118 sto lllAs (last week 115 s to 116 s) (equals approximately 13.98 d f.0.b.); unsalted, 116 s to 118 s (112 s to 116 s). Australian salted and unsalted, 116 s to 117 s.

Siberian salted, 107 s to 112 s. Ukranian salted. Ills to 112 s. Polish salted, 98s to 100 s. Lithuanian salted, 105 s to 106 s; unsalted, 105 s, 106 s to 107 s. Market firm. New Zealand retail price unchanged', Is Id, Is 2d. Danish, 108 s f.0.b., 128 s to 130 s spot. Dutch unsalted, 105 s. South Africa, 110 s to 114 s.

Market quiet. Danish retail price, Is 3d. Cheese. New Zealand white and coloured, 595, 59s 6d, up to 60s (58s to 58s 6d) (equals approximately 6.58 d f.0.b.). Australian white, 57s 6d to 58s; coloured, 58s. Canadian white, 59s to 60s; coloured, 59s to 61s; old season’s white, 64s to 66s (64s to 665); c.i.f., 625. English finest farmers’, 86s to 96s (965); factory cheese, 44s to 50s (40s to 465). Market firm. New Zealand retail price unchanged, 6d and 7d.

The minimum f.o.b. prices for period from October 5 until further notice remain unchanged at: Butter 126 d, less per cent, commission (100 s 6d c.i.f.e.); cheese 55d, less 15 per cent, commission (47s lOd c.i.f.e.). The board has received the following advice from its agents in Canada : Butter: New York, 275 cents; Montreal, 23 cents.

LONDON WOOL SALES.

COARSE CROSSBREDS IN DEMAND

LONDON, October 5. Brokers’ reviews of the recent wool sales agree that prices were below general expectations, but trade maintains a steady improvement, particularly in merinos and coarse crossbi’eds. There was considerably more resistance to lower prices, and if commerce is given even a continuance of the present restricted scope the current overseas clips will be steadily .absorbed with more gains than losses on existing levels.

50 Tooth’s Brewery 200 Anthony (Hordern £ s. d. 2 12 11 0 17 3 0 17 1 0 0 11* 0 0 11 1000 Maori Gully Sales Reported. £ s. d. 50 Broken Hill Propty. 2 12 6 100 N.Z. Newspapers ... 2 10 300 Maori Gullv 0 0 11 250 N.Z. Refrig. (10s pd) 0 10 5