OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 118, 21 May 1934, Page 4

OVERSEAS MARKETS.

LONDON QUOTATIONS. THE BOARD'S REPORT. The New Zealand Dairy Produce Board ! has received the following market report from its London ofiice, dated May 18; — Now Zealand Butter. 18/5/84. Last week. Last year. Salted 78/-78/ >.75/-7<i/ 78/-81/ Equals 0d per lb f.o.b. Unsalted .. 78/ 7G/-77/ 70/-82/ Tons. Tons. Tons. Deliveries . 1,600 2,489 J, 482 In store . . 0,291 10,481 7,r,50 Butter.—Australian, salted and unsalted, 75/ per cwt. Deliveries, Australian, 1093 tons; in store, Australian, 7175 tons. Danish. 07/ f.0.b., 80/ to 88/ spot; Estonian, salted and uns.ilted, 73/ to 74/; Latvian, salted and unsalted, 73/ to 75/; Lithuanian, salted and unsalted, 73/ to 74/; Dutch, unsalted, 70/ to 77/. Market firm. New Zealand retail price increased to 10(1 per lb; Danish retail price increased to lid. Imperial Economic Committee's estimated stocks all butters, 1,140,507 boxes (last year 1)87,673 boxes). New Zealand Cheese. 18/5/3-1. Last week. Last year. White 45/ 44/0-45/ 4S/-4U/ Kquuls 4.08(1 ppr lb f.o.b. Coloured .. 44/-44/0 44/ 54/-.V»7 Craven. Crates. Crates. Deliveries .. 20,552 21,215 20,000 In store ... 1211.874 188,477 11:1,000 Cheese.—Canadian, white and coloured, 52/ to . r >(i/ per cwt. Deliveries, Canadian, 7419 boxes; in store, 89,245 boxes. Market steady. New Zealand retail price unchanged. od. The board has also received the following advice from its agents in Canada: — Butter: Montreal, 20 Va cents; New York, 24% cents; stocks, 5280 tons (.last year 4106). Messrs. Joseph Nathan and Co. have received the following cable from their London principals, Messrs. Trengrouse and Nathan, Tooley Street, dated May 20:—Butter: 77/ to 78/ per cwt. Cheese: White, 45/ per cwt; coloured, 44/0. . Both firm.

FROZEN MEAT. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Boyrd has received the iol lowing caole from its .London oliice, dated May IS, adv-ising tnat the lollovviug aro tne approximate average prices realised lor Uie week, based on actual transactions ut wholesale quantities of tile descriptions ot meat mentioned, and arc for representative parcels of the goods offering during the week, being tor uusiness uone on tae basis of delivered to tilUitttUeld liuifKct and/or ex London stores:— Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/i)(ilb, 6V6d per h>; si/tilll), -ived; ary/iJih, 4%d; North Island, 4S/u3lb, 6%d; 57/041b, 4&d; 65/721b, 4V6u; ewes, <teib und under, <kl; 48/oMlb, o'/id; 93/121b, 2vs<l. Liflubs.—Canterbury, 361b and under, 7Vid; 37/421b, o%d; 43/oi)li>, bvad; second quality, average 32ib, 7%dj other South island brands, oGlb and under, 7 tod; 37/421b Ovid; 43/50lb, G%d: selected Aoitn island brands, including Downs, 361 bi and under, 7%d; 37/4211), 0 ■/&<!; 40/oolb, 6%d; second quality, average 321b. 7%d; other North Island brands, first quality, JOlb and under, 7%d; 37/4211), 6%dj second quality, average 331b, 7%d. ... . Australian Lambs.—Victorian, first quality. 3Glb and under, 6%d; 37/421b, W«d. Argentine Lambs.—36lb and under, 6%d; 37/4211), OVul. New Zealand Beef.—Ox, fores 2%d, liimls 3V4d. , n7 , , Argentine' Chilled beef.—Ox., fores 2%d, Australian Frozen Beef.—Ox crops, over 1001b 2%d; ox hinds, over 1601b, 34 8 d. New Zealand Porker Pita.—6o/80lb, lid.; 81/ICOIb, 6d; 101/120lb, 5%d. Baconere: 120/lOOlb, sVfcd. Lamb market: Firm, with better prices; demand expanding. Mutton: Wethers and ewes meeting with Kuod trade at slightly lower prices. Beet: Steady, with better demand. New Zealand porker pup: Firmer, owinß to short spot stocks. Baconcrs: Market steady and unchanged.

LOCAL EXPORT RATES. Current schedule rates for stock on hooks at freezing works are as follows:— Lambs. —361b and under, B<l per lb; 371b to 421b, 7V£d; over 421b and seconds, "Mutton.—Wethers: T 7 p to 481b, 4%d nor lb; 401b to sGlb, 4%d; 571bi to 641b, |%d; 651b to 721b. 3%d; over 721b 3%d; seconds. 3%d. Ewes (in fame classes), 3%d 3d SYid, 2%d and 2%d respectively. Beef—Prime ox, 15/ per 1001b: boner bulls, 11/6; cows. 7/ to 7/6 per 1001b Pigs--Up to 801b, 4%d per lb; 811b to 1001b, 4%d; 1011b to 1201b, 4d.

BRADFORD WOOL TRADE. LONDON, May 10. Germany's extension of the embargo on imports of wool has caused considerable disappointment in Bradford wool circles. The "Yorkshire Post" says it is stated in one quarter that during the past day or two inquiry has been stimulated in anticipation of the removal of the embargo. Now, however, the trade will be compelled to continue in a stute of uncertainty.

PRICES OF METALS. LONDON, May 19. Following were yesterday's quotations on the London metal market, compared with those of May 17:— May 18. May 17. Per*ton Per ton. a s. d. £ s. d. Copper, stan.. spot 32 17 0 32 17 fi Copper stan., 3 mos. 83 3 14 33 3 0 •Copper, electrolytic 30 0 0 30 0 0 to to 30 5 0 38 5 0 Copper, elcc, wire r ft g fl Lead, soft, spot .. 10 17 0 10 38 0 Lead, soft, forward 11 3 0 11 5 0 Spelter spot 14 12 (i 14 13 i> Spelter forward . Ul7 C 14 18 f> Tin, star,., spot . . 232 15 0 234 17 6 Tin. staii., 3 mos. 22!) 7 0 J3l o 9 ♦American, 8.50 cents a lb. Quotations for other metals, with last week's prices in parentheses, are: —Pig iron: Home trade, £3 7/6 (£3 7/6); export, £3 2/6 (£3 2/6). Antimony: British. £42 10/ (£42 10/); foreign, £26 15/ (£27 15/). Molybdenite. £1 16/ (£1 16/) a unit. Woltram, £2 6/ (£2 4/) a unit. COTTON, RUBBER, JUTE, ETC. LONDON, May 19. (Quotations on May 12 in parentheses.) Cotton.—Spot. 6.23 d (6.15 d) a lb; June delivery, 5.97 d (5.05 d). Rubber.—Para, 6d (6d) a lb; plantation and smoked, 6 3-16 d (0 9-16 d). Jute.— June-July shipments, £15 2/6 (£ls 7/0, May-June), a ton. Copra. — June-July shipments, South Sea £7 15/ (£7 17/6. Mav-June) a ton; South Sea, smoked, £6 17/6-(£7); plantation, Rabaul, £8 12/6 (£8 10/). Linseed 0i1.—£23 10/ (£23) a ton. Turpentine.—47/6 (47/3) a cwt. LONDON HIDES MARKET. LONDON, May 19. At the London hides sales to-day quotations were:—Meat works, drv salted: Queensland, 35-4511), Cd: 30-401b, 5%d; 2S-3f>lb 5%<1; 20-301b, 5%d. New. Smith Wales,' 5%d, 5%d, 5%d mid 5%c1. Wet salted: Qußenslpnd, 50-601b, 4%d; 4i-501b. 4d. New South Wcles, 4%d and 4%d; Victorian abattoirs, 4%d and 4d.