OVERSEAS MARKETS

Auckland Star, Volume LXIII, Issue 26, 1 February 1932, Page 4

OVERSEAS MARKETS

FROZEN MEAT. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cable from its London office, dated January 29, advising that the following arc 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, 4S/561b, 4%d per lb; 57/641b, 4*4 d; 65/7211), 4d; North Island, 48/5611), 4%d: 57/64)b, 4V4d; 65/721b, 4d; ewes, 481b and under, 3%d; 48/6411), 2%d; 65/721b, 2%d. Lambs.—Canterbury, 361b and under, 5%d; 37/421b, 5%d; new season's selected North Island brands, including Downs, 361b and under, 6%d; second quality, average 311b, 6d; other North Island brands, first quality, 361b and under, 6*/4 d; second quality, average 311b, 5%d. Australian Lambs.—Victorian, first quality, 361b and tinder, 5%d; 37/421b, 4%d. Argentine lambs: First quality, new season's, 361b and under, 5%d; 37/421b, sd. New Zealapd Beef.—Ox, fores l%d, hinds 2%d. Argentine chilled beef: Ox, fores 3%d, hinds 5%d. Australian frozen beef: Ox crops, over 1001b, 2 1 /4 d; ox hinds, over 1601b, 3^4d. New Zealand porker pigs: 60/100 Ib, sd; 101/1201b, 4%d. Baconers: 121/180lb, 4%d. Lamb market firmer, with better prices due to restricted supplies, owing to continuance of bargemen s strike. Mutton lirtn, with better prices owing to decreasing arrivals. Ewes meeting with • slightly better demand. New Zealand beef meeting With slightly better demand, owing to improvement in prices of Argentine chilled beef. New Zealand porker pigs: Trade rathet slow, prices unchanged. Baconers: Nominal.

COTTON, RUBBER, JUtE, ETC. LONDON, January 30. (Quotations on January 22 in parentheses.) Cotton.—March delivery, 5.16 d (5.20 d, February) per lb. Kilbber.—Para, 4Vsd (4V6d) per lb; plantation and smoked, 2 15-16 d (3d). Jute.—February-March shipments, £19 (£l9 7/6) per ton. Copra. — February-March shipments, South Sea, £14 15/ (£l4 15/) per ton; plantation Rabaul, £15 (£ls). Linseed Oil.—£ls (£ls) ton. Turpentine.—s2/ (52/) per cwt. HIDES SALES. At the London hides sales quotations were:—Meat works, dry salted, Queensland. 35-451b, 6d; 30401b, 6d; 25-351b, 5%d; 20-301 b, 5%d; New South Wales, same weights, GVsid, 6%d, 5%d, 5%d. Wet salted, Queensland, 50-6011), sd; 40-5011), 4%d; New South Wales, 5%d and 4%d; Victorian, abattoirs, 4%d and 4%d. NO WOOL SALE.

Messrs. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated 28th instant: — Wool Sales.—No wool sales have been held to-day, owing to thick fog. The sales will close February 2, if no further interruptions. Sheepskin Sale—Average attendance, good demand for Home trade and Continent. As compared with closing rates of last series: Merino, par to 10 per cent higher; Australian, comeback, 5 per cent ! to 10 per cent higher; New Zealand, 5 per cent Higher; lialfbred, crossbred, medium to coarse unchanged, except short low grade badly pelted, very little demand. The sales closed firm. Offered 7750 bales, sold 5580 bales. We now quote New Zealand medium and coarse crossbred par to 5 per cent lower. Hoggets and lambs par to 5 per cent hifchef. Merino threequarter to-full Woolled, 4Vid to 6/4 d; quarter to half woolled, 2%d to 4d; short and shorn, l%d to 2V*d; crossbred, three-quar-ter to full woolled. fine, 4Vid to 6Ad, three-quarter to full woolled, medium aua coarse, 3V<d to 4%d; quarter to half woolled, fine. 3%d to 4%d; quarter to halt woolled, medium and coarSe, 3%d to 4V«rl, short and shorn, 2%d to 3d; lambs , 4d to sVsd. (Received 1 p.m.) LONDON, January 29. At* the wrrol sales 10,631 bales were offered, including 6283 from New Zealand. About 8100 bales were sold. Offerings were good of New Zealand erossbreds, which cleared well on Home and Continental accounts. New Zealand, Angi, 12d to B%d.