COMMERCIAL NEWS

Ashburton Guardian, Volume 56, Issue 19, 4 November 1935, Page 7

COMMERCIAL NEWS

FROZEN MEAT TRADE. PRODUCERS’ BOARD REPORT. The New Zealand Meat Producers Board has received the following cable from the London office, dated Nov. 2, advising that the following are the approximate average prices realised tor 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 tor business don© on th© basis of deliveieci to Smithfield market and/or ex London stores: — Mutton. New Zealand, Cantrebury and North Island selected crossbred wethers and maiden ewes: 481 b and under ogd, 48 to 561 b sd, 57 to 641 b 4|d, 65 to 721 b 4|d. North Island: 48 to o6lb 4|d, 57 to 641 b 4£d, 65 to 721 b 43d, Ewes—4Blb and under 3d, 48 to 641 b 3d, 65 to 721 b 7£d. Lamb. Canterbury: 361 b and under Bd, 37 to 421 b Bd, 43 to 501 b 7gd; second quality, average about 311 b, /idOther' South Island brands: 361 b and under-Bd, 37 to 421 b Bd, 43 to 501 b 7id. North Island Downs: Second quality, average about 301 b—. North Island, first quality: ,361 b and under 7|d, 37 to 421 b 73d. Second quality: Average about 311 b 7£d. Australian, Victoria,: First quality, (new): 361 b and under 7|d, 37 to 42ib'7§d. Beef. N.Z. frozen —Ox hinds, 145 to 2101 b 33d, Ox fores, 145 to 2101 b 2gd. N.Z. chilled—Ox hinds, 145 to 2101 b 43d, ox fores, 145 to 2101 b 2/d. Argentine chilled —Ox hinds, 145 to 2101 b 53d, ox fores, 145 to 2101 b 2|d. Uruguayan chilled—Ox hinds, 145 to 2101 b 53 d, ox fores, 145 to 2101 b 2§d. Australian frozen—Ox hinds, 145 to 2101 b 3|d, ox crops, weights corresponding 23d. Southern Rhodesia chilled—Ox hinds 145 to 2101 b 4id, ox fores 145 to 2101 b 23d Pigs.

N.Z. Porker, first quality: 60 to 801 b 63d, 81 to 1001 b 6d, 101 to 1201 b 6d.

N.Z. Prime Baconer Pigs—l2l to 1601 b 53d. Lamb market—Slightly easier ; less demand owing to heavy supplies of home-killed has caused prices to weaken. Lamb trade is also affected by other cheaper meats. Mutton Market—Wethers: Market steady and unchanged. Ewes: Lightweights easier owing to small demand. Heavy-weights quiet and unchanged. Beef Market —Frozen beef; more inquiry has caused small advance in prices. New Zealand Porker Pigs—There has been more demand for light-weights and prices have advanced. Other descriptions steady and unchanged. . New Zealand Baconer Pigs.—Market quiet and steady

The Bank of Australasia reports that the following cablegram, dated October 31, has been received from its London office: — “Frozen lambs: Decreased demand owing to present high prices and large supplies of Home-killed selling at about the same value. Supplies of Australian lambs steadily increasing. Prices for these and New Zealand lambs easier. Frozen mutton: Although trade is quiet, New Zealand wether prices are- steady. Little inquiry for ewes and Australian mutton. Frozen beef: Slightly improved' inquiries. Market steady.” THE SHARE MARKED The following sales were made on the Christchurch Stock Exchange on Saturday :-rUSTED STOCKS.

DAIRY PRODUCE.

BUTTER MARKET QUIET. The New Zealand Dairy Board has received the following market report from its London office, dated November 1, 1935: Butter. New Zealand—t Salted 105 s to 106 s, ex. 108 s (last week 112 to 114 s), equals approximately 12.45 c!; imsalted 110 s to li4s (122 s to 1245). Australian—Salted 104 s to 106 s, imsalted 108 s to 110 s. Market quiet. New Zealand retail price Is 2d. Danish—lo3s f.0.b., 124 s to 125 s spot. Dutch—Salted 106 s to 110 s. Siberian—-Salted 101 s to 102 s. Ukranian—Salted 101 s to 102 s. Polish—|Salted 98s to 100 s. _ Market quiet. Danish retail price Is 4d, Cheese. New Zealand—Wjyte 52s to 53s (58s, ex. 595), coloured 52s to 53s (58s to 595), equals approx. 5.71 d f.o.b. Australian—White and coloured oßs

to 60s, old season’s white 51s to 545, e.i.f. 51s. Market steadier at end of this week. New Zealand retail price 7<J. Market steady for Australian and Canadian.

English Finest farmers’ 88s to 100 s, factory 44s to 545. Market steady. The minimum f.o.b. prices for the period November 2 until further notice are: Butter 12d, less 13 per cent, commission (96s 9d e.i.f.e.); cheese, s'3d, less 14 per cent, commission (45s lid c.i.f.e.).

MOSGIEL WOOLLEN COMPANY. FINAL DIVIDEND AND BONUS. DUNEDIN, November 3. Tlio directors of the Mosgiel Woollen Company recommend a final dividend of 4 per cent., and a bonus of 2 per cent., making 10 per cent, for the year. LAND COMPANY’S PROFIT LONDON, November 1. The New Zealand and Australian Land Company shows a profit of £32,865, including the amount .brought in of £9lOl. -'Preference dividends will absorb £31,000, and there will be carried forward £9967.

Sales on ’Change. £ 8. d. 100 Com. Bank of Aust. 0 16 7 200 Bank of N.Z. (2) 2 10 9 100 N.Z. Guarantee Corp. 0 5 2 100 Christchurch Gas 1 14 6 50 N.Z. Breweries 2 12 1 200 Aust. Iron and Steel (pref., ex div.) (2) 1 5 0 100 Broken Hill Propty. (cum div.) 2 15 0 200 Dunlop Perdriau Rubber ... (2) 0 16 7 200 Electro. Zinc (ord.) 1 12 9 1 13 0 500 Kauri Timber (cum div.) ... (2) 1 3 4 1 3 6 1500 Skippers (2) 0 0 01 ■“-a Sales Reported. £ s d. S00 Kauri Timber 1 3 5 1 3 6 100 Morris Hedstrom 1 3 9 500 Worksop Extended... 0 2 4 200 Bank of N.Z. 2 10 9 UNLISTED STOCKS. Sales on ’Change. £ ! s. d. 2000 Argo Gold / (2) 0 1 3 115 Woohvorths (Sydney), ord. 5 11 9