OVERSEAS MARKETS.

Auckland Star, Volume LXII, Issue 86, 13 April 1931, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE. i THE BOARD'S REPORT. The New Zealand Dairy Produce Board has received the ioiiowing market report from its London orhce, dated April 10: — Butter.—Xew Zealand: Salted, 109/ to 112/; unsalted, 114/ to 118/; first whey, 106 : second whey, 104.'. Deliveries Xew Zealand this week, 1774 tons; in store, 4.550 tons. Australian: Salted, 108/ to 110 ; unsalted, 110/ to 114/. Deliveries Australian, 1256 tons; in store. 800 tons Argentine: Unsalted, 108/, 110/ to 112/. Danish: 116/ f.0.b., I*2*2/ to 124/ spot. Dutch: Unsalted, 124/ to 120/. Siberian, 110/. Market slow. Retail prices unchanged. Danish 1/4, Xew Zealand 1/2. Empire Marketing Boards estimated stocks all butters at April 2,'251.232 boxes, last year 661,873. Cheese.—Xew Zealand: White, 50/, 51/ to 52/; coloured, 53/ to 55/. Deliveries Xew Zealand this week, 25,000 crates; in store, 152,514 crates (includes Port Fremantle 6000 crates). Australian: (White, 51/ to 52/; coloured, 53/. Canadian: White, 72/, 74/ to 76/; coloured, 74/ to 78,'. Deliveries Canadian. 2.537 boxes; in store. 146,204 boxes. English: Finest farmers, 100/ to 106/. Market quiet. Retail price unchanged, 9d. The board has also received the following advice from its agents in Canada:— Butter: Xew York, 28 cents (1/2) • Montreal, 31% cents (1/3%). Messrs. Leonard and Son have received advice by cable from Mr. A. C. Rowson London, dated ApriL 10, of the following market report:—Cheese: White,. 51/ to 02, ; coloured, 53/ to 54,'. Both the demand and the market are steady. Outlook, probably near bottom. Butter: First grade, 109'; finest, 110/. The demand is slow and the market weak. Outlook, very doubtful.

FROZEN MEAT. PRICES AT SMITHFIELD. The Xew Zealand Meat Producers' Board has received the following cable from its London office, dated April 10, 1931. 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, bping for business done on the basis of delivered to Smithfield market and/or ex London stores: — Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/5611), 37sd per lb; 57/6411), 3%d; 657721b, 3 5 / 2 d; North Island, 4S/561b. 3%d: 57/641b. 3%d; 65/721b. 3%d; ewes. 481b and under, 3%d: 4S/641b. 2%d; 65/72 rb, 2%d. Lambs.—Canterbury. 361b and under. 6%d: 37/421b. 6%d; 43/5011). 6%d; second quality, average 331b, 5%d; other South Island brands, 361b and under, 37/4211). 6%d; 43/501b, 6%d: selected North Island brands, including Downs. 361b and under. 6%d: 37/4211), 6%d: 43/501b, 6%d; second quality, average 311b, 5%d; other North Island brands, first quality. 361b and under, 5%d; 37/421b, 5%d; second quality, average 311b, s^4d. Australian Lambs. —Victorian. first quality, 361b and under. 4%d; 37/4211). 4%d. • Argentine Lamb.—First quality, 361b and under, sd; 377421b. 4%d. Argentine Chilled Beef.—Ox, fores 2 1 /4 d, hinds 5%d. Australian Frozen Beef.—Ox crops, over 1001b, 2%d; hinds, over 1601b, 3%d. Xew Zealand Porker Pigs— 60/1001b. 53; 101/1201b, 4%d. Baconers: 121/1801b, 5d. t Lamb Market.—Xo change in prices, but heavy April landings rather depressing market. Consumption remains good. Mutton: Wethers, market quiet. Ewes, market quietly steady throughout week, with slightly easier tendency towards close. Beef: Xo inquiry for frozen beef owing to heavy arrivals of Argentine chilled beef. Brazilian chilled beef Rides are selling this week 2V4d. New Zealand porker pigs: With warm weather demand diminishing.

THE BANK'S REPORT. The Bank of New Zealand has received the following advice from its London office as at close of business last week:— Wethers: The market is quiet and unchanged. Ewes: Weaker values are ruling owing to lack of demand. Beef: The market is depressed owing to heavy arrivals of Argentine. Quotations:—Wethers, heavy, 3%d to 4Y*<\ per Jb; light, 3d to 3%d: ewes. 2&d to 3*4 d: lambs, twos. 5%d to 6%d; eights. 01 to 6%d; fours. Od to G'/id: seconds. 5%d to 5%d: ox hinds, 3'/id to 3%d; fores. 2d to 2%d; cow hinds, 3d to 3Y4d; fores, l%d to 2d.

COTTON, RUBBER. JUTE, ETC. LONDON, April 11. (Last week's prices in parentheses.) Cotton.—May delivery, 5.45 d (5.65 d) per lb. Rubber.—Para, (4%d) per lb: plantation and smoked, 3%d (3%d). Jute.—April-May shipments, £13 12/6 (£ls 7/6) per ton. Hemp.—None offering (£2O 10/ MarchApril shipments, per ton). Copra.—May shipments, South Seas. £14 7/6 (£l4 10/, April shipments) per ton; plantation Rabaul, £14 10/ (£l4 12/6). Linseed OiL— £18 10/ (£lB 10/) per ton. (41/6) per ewt.