OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 6, 8 January 1934, Page 4

OVERSEAS MARKETS.

FROZEN MEAT.

PRICES AT SMITHFIELD.

T'-e New Zealand Meat Producers' Boa- \ has received the following cable fron. its London office, dated January 5, 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 SmithJtield market and/or ex London stores: — Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/561b, 5%d per lb; 57/641b, sd; 65>721b, 4%d; North Island, 48/561b, sVid; 57/641b, 4%d; 65/721b, 4y 2 d; ewes, 481b and under, 4%d; 48/641b, 3%d; 65/721b, 3%d. Lambs.-— isouth island brands, 301b and under, 6%d; selected North Island brands, including Downs, 361b and under, 7'/2d; 37/421b, 7%d; second quality, average 321b, 6%d; other North Island brands, first quality, 361b and under, 7%d; 37/421b, 7V6d; second quality, average 321b, o%d. Australian Lambs. —Victorian, first quality, 361b and under, 6Vid; 37/421b, 6%d. Argentine Lamb. —First quality, 301b and under, 6%; 37/421b, 6%d. New Zealand Beef—Ox, fores 2%d, hinds 2%d. Argentine Chilled Beef.—Ox, fores hinde (3d. Australian Frozen Beef.--Ox crops, over 1001b, 2V6d; ox hinds, over 1601b, 3%d. New Zealand I'orker l'igs.—Co/801b, 6%d; Sl/lOOlb, 6d; 101/120lb, SVid. Baconers: 120/1601b, s'/4d. The lamb market, in spite of increased landings, remains very steady, with excellent demand for the time of year. Mutton: Wether and ewe prices have advanced further, owing to extremely short spot stocks. Beef: Meeting with good consumption, but spot stocks are still very heavy. New Zealand porker pigs: Shade easier, owing to heavier supplies of Home killed. Baconers: Steadier, with more inquiry from curcrs.

BRIGHT PROSPECTS.

LONDON WOOL SALES. THE BANK'S FORECAST. The Bank of Now Zealand has received the following advice from its London office, under 4 fl t e °t sth inst.:— "Prospects for all kinds of wool next series are favourable. It is anticipated that Merino and fine crossbred will be l%d to 2d, medium crossbred Id to VAd. coarse crossbred %d to Id dearer than last sales. A brisk demand is expected."

PRICES OF METALS.

LONDON, January 6. Following are yesterday's quotations on the London metal market compared with those of January 4:— Jan. 5. Jan. •}. Per (on. Por ton. £ s. (1. £ s. d. Conner, stnn.. spot 31 16 101 32 2 6 Conner, stan.. 3 mos. 32 0 7J 32 « 3 •Copper, electrolytic 33 R 0 35 10 0 to to S3 15 0 35 13 0 Copper, elec, •wire bars 33 15 0 35 15 0 Load, soft, spot ... 1017 f> 11 0 0 Lead. soft, forward 11 3 0 11 « 3 Spflter. spot 14 8 n 14 8 l> Spelter, forward .. 14 16 3 14 16 3 Tin. Stan., spot .. . 226 3 fi 224 18 0 Tin, stan., 8 mos. . 226 8 9 225 8 9 •American, 8.25 cents a lb, same ae on January -1. Quotations for other metals are:—Pig iron, Home trade, £3 2/6; export, £2 17/6; antimony, British, £39 10/: foreign, £22; molybdenite, £2 1/ a unit; Wolfram, £1 7/6 a unit.

COTTON. RUBBER, JUTE, ETC.

LONDON, January 6. (Quotations on Dec. 23 in parentheses.) Cotton. —Spot, 5.64 d (3.25 d) a. lb; February delivery. 5.39 d (5.07 d January)fcubber—Para, 4% (4%d) a lb; plantation and smoked, 4 9.32 d (4Vkl). Jute.—January-February shipments, £16 2/6 (£ls 15/) a ton. Copra.—South Sea, £8 (£8 2/6) a ton; plantation, Rabaul. £8 7/0 (£8 10/). Linseed Oil— £19 15/ (£2O 10/). Turpentine.—44/6 (42/6) a cwt.

THE PRICE OF SILVER

(Received 11.30 a.m.i LONDON, December 6. Silver is quoted at 19% d por ounce for spot delivery and 19 3-lGd for forward.

HEMP AND TOW.

A total of 2426 bales of hemp wae graded for export at New Zealand ports during December, a decrease of 773 bales on the quantity graded in December, 1932, but an increase of 763 bales on the gradings in November, 1933. A decrease of 202 bales is shown in the figures of tow gradinps, which totalled 729 bales, a« against 931 hales in December, 1932. The total represents an increase nf 257 balee over the figure for November last.