OVERSEAS MARKETS.

Auckland Star, Volume LXII, Issue 155, 3 July 1931, Page 4

OVERSEAS MARKETS.

FROZEN MEAT. PRICES AT SMITHFIELD. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated 2nd instant:— Lamb.—Canterbury, 28/361b, 7%d; North Island, 28/361b, 7d; Canterbury, 3G/421b, 7Vsd; North Island, 36/421b, 6%; Canterbury, second quality, 6%d; North Island, second quality, 6'/fed; Canterbury, 42/50lb, 6%d; North Island, 42/501b, 6%d. The market for New Zealand lamb is weak. The demand is fair. Mutton. — Canterbury, 48/561b, 434 d; North Island, 48/561b, 4%d; Canterbury, 56/641b, iVad; North Island, SG/641b, 4/4 d; Canterbury, 64/721b, 4%d; North Island, 64/721b, 3%d; Canterbury ewes, 48/641b, 3%d; North Island ewes, 48/641b, 3%d. The market for New Zealand mutton is weaker. The demand-is limited. G.a.q. Australian lamb, 28/361b, 5%d; g.a.q., 36/421b, 5%d; f.a.q., 28/361b, Slid. The market for Australian lamb is unchanged. The demand .is moderate. G.a.q. Australian mutton, 40/601b, 3%d; f.a.q., 30/551b, 3%d. The market for Av*tralian mutton is unchanged. The demand is poor. Beef—New Zealand prime ox beef, hinds 2%d, fores 2d; Argentine chilled, hinds i sd, fores The market for New Zea-i land beef is nominal. The demand is nil. pork, 80/1001b, 6%d; New Zealand porkers, 80/1001b 5%d, 100/1201b 4%d. The market for New Zealand pork is unchanged. The demand is limited. BRADFORD TOPS. MORE CHEERFUL REPORT. I LONDON, July 2. Bradford reports the market firmer and advancing, and with a fair inquiry. Today s quotations compare as follow with those previously cabled:— June June June June July 4. 11. IS. 25. 2. Sixty-foura 22 21it 21 22 23 Sixties 21 20" 20 20 21 Fifty-sixes 14 33* 13} 13* 14 Fifties 12 32 32" 1°" 12* Forty-sixes 0* 0 0} 9} 10 Forties 9| 9 9i 04 10 WORLD WHEAT CROPS. REDUCTION ESTIMATED. WASHINGTON, July 1. The Department of Agriculture estimates that the wheat production in .the northern hemisphere, excluding Russia and China, for the 1931-32 season will® total about 3,075.000,000 bushels, or 225,000,000 bushels less than last year. The North American crop, owing to the very poor condition of the spring wheat, will be 200,000/000 bushels below that of last year. LONDON SHEEPSKIN SALES. (Received 1.15 p.m.) LONDON, July 2. At the sheepskin sales 4461 bales were offered, including 878 New Zealand. They were in poor condition, and prices were about 15 per cent below May. About half were sold.

LOWER TRICES. Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated 2nd inst.:— Sheepskins.—The selection is good, offerings are small, New Zealand. Attendance of buyers fair, competition fair. Home trade and Continent operating, except France. As compared with closing rates of last series, Merino comeback, fine crossbred, coarse crossbred combing, clothing, 15 per cent lower; medium crossbred combing, clothing, 20 iper cent lower. TIN STOCKS. (Received 10 a.m.) LONDON", July 2. Visible stocks of tin total 51,554 tons. On spot, 3307 tons; afloat, 865 tons; deliveries, 2263 tons. BEET SUGAR. Beet sugar for August delivery is quoted at 6/6%. WHEAT CARGOES, ETC. (Received 1.15 p.m.) LONDON, July 2. Wheat cargoes are inactive, with parcels 3d to 6d less. Futures: —London; September, 19/8 per quarter; December, 20/3. Liverpool: July, 4/1 per cental; October, 4/4%; December, 4/6%. Spot trade is slow. Australian, ex ship, 23/9 to 25/. Flour is quiet. Australian, ex store, 18/, Oats arc. firm, and peas and beans dull. AUSTRALIAN PRODUCE. SYDNEY, July 2. The following are to-day's prices on the Sydney produce markets:—Wheat, ex trucks at Sydney, 2/4; at country stations, 1/9; flour, £10 10/; pollard, £3 10/; bran, £3; potatoes, Tasmanian, £5 10/ to £6; Victorian, £5; onions, Victorian, £<3; oats, white and Algerian, 2/6; maize, 3/6. MELBOURNE, this day. Wheat, 2/6 per bushel; flour, £6 15/ per ton; bran, £3 15/; pollard, £4 5/; oats, 2/2 to 2/3 per bushel; barley, English, 2/7 to 2/8; maize, 4/2. CHICAGO WHEAT VALUES. (Received 3 0 a.m.) CHICAGO, July 2. Wheat for delivery in July is quoted at 56% cents per bushel,- for delivery in September at 57% cents and for December delivery 62' A cents. DAIRY PRODUCE. BETTER DEMAND FOR BUTTER. CHEESE VALUES FIRM. (Received 10 a.m.) LONDON, July 2. Butter. —There is a better demand. Danish. 118/ per cwt; choicest salted New Zealand, 112/ to 113/; Australian, 107/ to 108/; unsalted, 2/ to 4/ premium. Cheese is firm. Neiv Zealand white and coloured, 55/ to 56/. MERCHANTS' CABLES. PRICES AT GLASGOW. Messrs. Norden and Co., Ltd., have received the following cable from their principals, Measrs. R. and W. Davidson, Ltd., Glasgow, under date 2nd instant: — Butter: 110/ to 113/. Market firm. Cheese: White, 55/ to 56/; coloured, 57/ + 59/. Market firm.

Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London principals, Messrs. Samuel Page and Sou, dated. 2nd instant: — Butter. —The market is firm. New Zealand, finest grade, salted, 111/ to 114/; Danish butter, 116/ to lIS/; Australian, finest unsaltfed, 108/ to 112/, finest salted, 105/ to 108/, g.a.q. 102/ to 104/. Cheese. —The market is firm. New Zealand, white 54/ to 56/, coloured 57/ to 59/'; Canadian, white 70/ to 74/, coloured 70/ to 74/, c.i.f. 56/ to 57/.