OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 57, 8 March 1934, Page 4

OVERSEAS MARKETS.

FROZEN MEAT. VALUES AT SMITKFIELD. The Bank of 'Australasia lias received the tollowing cable lrum us London oiiice, dated Marcn U:— New Zealand lambs: Demand good,) prices liuuer, owing to limited supply between now and larger siupineiits alter thai may cause small decline ni value. :\ew Zealand mutton: i'ricos high owing to lack 01 supplies; larger ijiiiiiuiues now arriving, we expect, ileciine in value in the near future. i\ew Zealand beef: .barge arrivals Argentine, Jiraziliau beef depressing market; prices sngntiy lower. LONDON WOOL SALES. COMPETITION KEEN. (Received 11 n.ni.) LONDON, March 7. At the wool sales 7001 bales were offered, including SOiii New Zealand; o'J3ti were sold. .there was keen home and Continental competition, especially lor finer Merinos. Opening rates were fully maintained. .New Zealand scoured Merinos MM, Oxford,' top price 32d, average SOU; greasy haltbred, i3oscobel, lu'/id and lT^sd. OPTIMISTIC FORECAST, (Received 11 a.in.) LONDON, March 7. Wool houses describe competition at the wool sales as brisk, especially from Germany and home buyers. .Messrs. Dawson and Sons predict better times for producers of lower grade crossbrcds. MERCHANTS' CABLES. Private cablegrams have been received as follow:—

Dalgety and Company, Limited:—The sales opened with a largo attendance of buyers. Competition was fairly animated, but rather irregular. The selection was mostly crossbreds. Withdrawals were fairly heavy. As compared with closing rates of last series, prices were: Merino, par to '/id lower; crossbred, fine, %d lower; crossbred, medium, %d to %d lower; crossbred, coarse, %d lower; line slipe, unchanged; other descriptions slipe, '•id to %d lower; greasy lambs, crossbred, unchanged.

The .New Zealand Loan and Mercantile Agency, Limited:—There was a full attendance at the opening of the sales to-day. Competition of home and Continental buyers was fairly active. As compared with last sales' closing rates, prices are lower by %d per lb lor greasy Merinos; %d to Id for scoured crossbreds, medium greasy crossbreds, coarse and coarse greasy crossbred and crossbred slipes. The opening catalogues were not representative. The Bank of Australasia has received the following cable from Messrs. liulme and Thomas, London, dated March 6: — London Wool Sales. —Merinos, par to 5 per cent; tine cross, 5 per cent; medium and coarse, 10 per cent below January; slipe tine unchanged; medium and coarse, 5 per cent to 10 per cent below January. SYDNEY WOOL SALES. SYDNEY, March 7. At the Sydney wool sales to-day 11,698 bales were offered and 0767 were sold. Also 1331 bales were sold privately. Values for best free Merino descriptions showed a hardening tendency, prices for other sorts remaining fully firm. Chief support was from the Continent, Japan and Yorkshire. Greasy Merino sold to 28d.