OVERSEAS MARKETS

Auckland Star, Volume LXII, Issue 103, 4 May 1931, Page 4

OVERSEAS MARKETS

FROZEN MEAT. PRICES AT SMJTHFIELD. The New Zealand Meat Producers' Board has • received the following cable from ite London office, dated May 1, 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 arc 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: —

Sheep—Canterbury and North Island selected crossbred wethers and maiden ewes, 481b to 561b, 3%d; 571b tb 641b, 3%d; 651b to 721b, 3%c1; North Island, 481b to 561b, 3%d; 571b to 641b, 3%d; (i3lb to 721b, 3%d Ewes, 481b and under. 3V6d; 481b to G4lb, 2%d; 651b to 721b, 2 1 /6 d ., Lambs.—Canterbury, 3Clb and under, 6V 3 d; 371b to 421b, 6%d; 431b to 501b, 6%d; second quality, average 331b, S'/kl. Other South Island brands, 3Glb and under, 6%d; 371b to 421b, 6%d; 431b to 501b, 6%d. Selected North Island brands, including Downs, 361b and under, 6Msd; 371b to 421b, G I M; 431b to 501b, 6%d; second quality, average 311b, SMsd. Other North Island brands, first quality, 381b and \inder, 6d; 371b to 421b, 6rl; second quality, average 311b, S'/id. Australian Lambs. —Victorian, first quality, 361b and under, 5(1: 371b to 421b, sd. Argentine Lamb.—-First quality,' 361b and under, 4%d; 371b to 421b, 4%d. Argentine Chilled Beef.—Ox force, 3d; ox hinds, 6*/4 d. Australian Frozen Beef.—Ox crops, over 1001b, 2%d; ox hinds, over 160!b, 3%d. Pigs.—New Zealand porkers, 601b to 1001b, 5%d; 1011b to 1201b, sd; baconers, 1211b to 1801b, s'/kl. Lamb market is firmer, with better prices. Consumption remains excellent. Mutton: Wethers, steadier, with better demand generally. Ewee meeting with better inquiry. Frozen beef: Dull and neglected. Pigs: New Zealand porker market is firmer, but consumption falling off. For baconers there is very little inquiry.

DAIRY PRODUCE. Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Nathan and Trengrouse dated London, May 2:—Butter: Unchanged and quiet. Cheese: New Zealand, white, 47/ to 48/; coloured, 50/ to 51/. Firm. Messrs. Leonard and Son have received advice by cable from Mr, A. C. Rowßon, London, dated May 1, of the following market report: — Cheese. —White, 47/ to 48/; coloured, 50/ to 51/. The demand is slow and the market dull. Outlook: At or about bottom. Butter—First grade, 105/; finest, 107/. The demand is slow and the market dull. Outlook: Expect improvement. Advances have been reduced from May 1 as follow: Butter, 9V£d; cheese, 3%d; f.o.b. offers, May-June shipment, 1/.

COTTON, RUBBER, JUTE, ETC. LONDON, May 2. (Last week's prices in parentheses.) Cotton.—June delivery) 5.33 d (May, 5.49 d) per 11>. Rubber—Para, 4V6d (4%d) per 1b; plantation and smoked, 2 13-lGd (2 7 /sd) I)6F II). Jute!—May -June shipments, £16 10/ (April-May, £> 1-V) P Rr t° n -, „ Copra.—June shipments, South bea, £13 10/ (May. £13 15/) per ton; plantation, Eabaul, '£13 12/6 (£l3 17/6) per ton. Linseed Oil— £18 (£ IS 10 /) P er ton - Turpentine—43/ (41/6) per cwt.