OVERSEAS MARKETS.

Auckland Star, Volume LXII, Issue 151, 29 June 1931, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE. THE BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office, dated June 26:— Butter.—New Zealand: Salted, 107/ to 110/; unsalted, 112/ to 110/; first whey, 100/; second whey, 98/; 107/ to 110/ equals approximately UV&d, f.o.b. Deliveries New Zealand this week, 1180 tons; in store, 4828 tons; excludes 450 tons Port Hobart. Australian: Salted, 102/ to 105/; unsalted, 106/ to 110/. Deliveries Australian, 1800 tons; in store, 3075 tons. Argentine, unsalted, 106/ to 108/, ex. 110/; Irish cream, salted, 108/ to 109/; unsalted, 111/ to 112/; Danish, 110/, f.o.b, 116/ to 117/ spot; Dutch, unsalted, 117/ to 120/; Esthonian, salted, 104/; unsalted, 104/ to 106/; Latvian, salted and unsalted, 104/; Siberian, 96/ to 98/; Polish, salted, 90/ to 96/; unsalted, 90/ to 98/. Market quiet. New Zealand retail price, 1/2; Danish retail price, 1/3. Imports of butter from Russia, Poland, Baltic States this week, 1800 tons. Canadian" arrivals, 4500 boxes. 9000 boxes expected next week, price, c.i.f., 103/. Cheese. —New Zealand: White, 52/ to 54/; coloured, 55/ to 57/; 52/ to 57/ equals approximately 5%d, f.o.b. Deliveries New Zealand this week, 20,500 crates; in store, 160,000 crates; excludes 3500 crates Mahana. Australian: White, 51/ to 52/; coloured, 54/ to 56/. South African: White, 40/ to 50/; coloured, 40/ to 52/. Canadian: White and coloured, 68/ to 74/. This season's cheese, June make, c.i.f., 56/, no spot quotations. Deliveries Canadian, 5200 boxes; in store; 128,000 boxes. Market quiet. New Zealand retail price, 7d. The board has also received the following advice from its agents in Canada: — Butter: New York, 23% cents (ll%d); Montreal, 20% (lO'/id). .

MERCHANTS' CABLES. Messrs. A. H. Turnbull and Co. are in reeipt of a cable from their principals, Messrs. W. Weddel and Co., dated London, June 25, reading as follows: — Butter.—Danish, 116/ to 117/ per cwt; New Zealand, salted, 112/ to 116/; unsalted, 107/ to 110/. Market quiet. Cheese.—New Zealand, white, 52/ to 54/; coloured, 55/ to 57/ per cwt; Canadian, 68/ to 74/. Market quiet. New Zealand Producers' Co-operative Marketing Association have to-day received a cable from their London office, dated June 26, reading as follows:— Butter. —Slow, and prices have declined. New Zealand, 107/ to 110/; Danish, 116/ to 117/; Siberian, 96/ to 98/. Cheese. —Dull, and very little doing. White, 52/ to 53/; coloured, 55/ to 56/; Canadian, both colours, 68/ to 74/. Messrs. Leonard and Son have received advice by cable from Mr. A. C. Howson, London, dated June 26, of the following market report:— Cheese.—White, 52/ to 53/; coloured, 55/ to 56/. The demand is slow and the market weak. Outlook —Near bottom. Butter.—First grade, 108/; finest, 109/. The demand is slow and the market steady. Outlook—Anticipate advance some time within two weeks. FROZEN MEAT. PEICES AT SMITHFIELD. The Bank of New Zealand has received the following report from its London office as at the close of business this week:—Wethers—Market easier. Ewes— There is a moderate demand, and prices are a shade lower. Lambs—Market rather easier. Large supplies due shortly are having a weakening effect on the market. Beef —The market is quiet and unchanged. Wethers, light 4%d to 5%d per lb, heavy 4d to 4%d; ewes, 3%d to 4%d; lambs, twos 7%d to 794 d, eights IVid to 7%d, fours 7d to IVid, seconds 6%d to 7d; ox, hinds 3d to 3%d, fores lMsd to l%d; cow, hinds 2%d to 3d, fores Id to l&d. The New Zealand Meat Producers' Board has received the following cable from its London office, dated June 2f>, 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, 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, 48/561b, 5d per lb; 57/641b, 4%d; 65/721b, 4%d; North Island, 48/561b, 4 7 / 8 d; 57/641b, 4%d; 65/721b, 4Vul; ewes, 481b and under, 4%d: 48/641b, 3 7 / 8 d; G5/721b, 3%d. Lambs.—Canterbury, 361b and under, 7 5 /sd; 37/421b, 7y2d; 43/50lb, IVad; second quality, average, 331b, 7d; other South Island brands, 361b and under, 7%d; 37/421b, 7%d; 43/501b, 7%d; selected North Island brands, including Downs. 361b and under, 7%d; 37/421b, VM; 43/501b, 7%d; second quality, average 311b, 7d; other North Island brands, first quality, 361b and under, 7%d; 37/4'2lb, T/sd; second quality, average 311b, 6%d. Australian Lambs.—Victorian, first quality, 361b and under, 6%d; 37/421b, Argentine Lamb.—First quality, 361b and under, 6%d: 37/421b, 6y a d. Argentine Chilled Beef—Ox, fores 2%d, hinds 6d. Australian Frozen Beef.—Ox crops, 1001b, 2d; ox hinds, over 1601b, 3VLd. New Zealand Porker Pigs—6o/1001b, 6d; 101/1201b, 5%d. Baconer: 121/1801b, scl. Lamb Market—Slightly easier. Consumption remains good. Mutton: Wethers and ewes, prices easier in sympathy with ilamb, but stocks arc light, and demand is good for the time of year. Beef: bull remains depressed, owing to heavy arrivals chilled beef. New Zealand porker pigs: Market is quiet. Demand is small, but stocks are light. Baconer: Nominal prices. There is practically no demand, owing to extremely low prices of Continental bacon. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton.— July delivery, 5.39 d (4.62 d) per Ib kubber.-Para, 4%d {4%d)per lb; plantation and smoked, 3%d (3d) Perlb. Jute.-—June-July shipments, £16 2/6 (£l6 2/6) per ton. Copra.—July shipments, South bea. ±.u 15/ (£lO 15/) per ton; plantation, Kabaul, £11 17/6 (£ll 2/6) per ton. Linseed Oil—£lß (£l6) per ton. Turpentine.—47/ (47/) per cwt.