OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 238, 8 October 1934, Page 4

OVERSEAS MARKETS.

EXPORT MEAT TRADE,

PIUCES AT SJUITHFIELD,

The Now Zealand Meat Producers Board lias received the following cable, from its London oflicu, dated October 5 advising that tlie following are tlie ap proximate average prices realised tor tin week, based 011 actual transactions o] wholesale quantities ol the descriptions oi meat mentioned, and are for represcnta tive parcels of the goods otlering durinj. the week, being for business done 011 tin basis of delivered to Sniithfield market and/or ex London stores: — Sheep.—Canterbury and North Islam selected crossbred wethers and luuiiU't ewes, 4S/sGlb, fnl per lb; 57/641 b, 4%d; 65/72 ib, 47id; North Island, 48/561b, 4%d; 67/t>4ib, 4%d; (i.5/7211), 4%d; ewes, 481b ant under, 3%d; -18/6411), 3'/ad; 6:7/721 b, 3'/id. Lambs. —Canterbury, 301b and under 7Vsd; 37/421 b, 6%d; 43/flOib, 5%d; seconc quality, average 321b, 6%d; other Soutl Island brands, 361b and under, 7d ; 37/421 b 6%d; 43/501b, 5%d; selected North Islam brands, including Downs, 361b and under 7%d; 37/421b, 6''/sd; 43/501 b, £>%d; seeoiu quality, average 321b, 6%d; other Nortl Island brands, first quality, 361b am under, 7d; 37/421 b, 6%d; second quality average 321b, 6'/4d. Australian Lambs. —Victorian, first qual ity, 361b and under, Od; 37/4211), 5%d. Argentine Lambs.—New season's, 3611 and under, 6%d; 37/4211), G'/ad. New Zealand Beef.—Ox, fores 2%d hinds 3'/id. Argentine Chilled Beef.—Ox, fores 3d hinds 5%d. Australian Frozen Beef.—Ox crops, ovei 1001b, 2%d; ox hinds, over IGJIb, 3Vfed. New Zealand Porker Pigs.—oo/8011), 7d; 81/lOOlb, G%d: 101/12011), OVid. Baconers: 120/16011), 6'/id. Lamb: Shade easier, with trade slow owing to competition of plentiful supplies of home-killed meat, game and pork Argentine lamb quotations new season's Mutton: Wethers and ewes weaker owing to heavier arrivals. Beef: Steady, with fair trade. New Zealand porker pigs: Consumption is improving, but prices s shade easier, owing to increased supplies Baconers: Market steady and unchanged. PRICES OF METALS. LONDON, October 6. Following were yesterday's quotations on the London metal market, compared with those of October 4:— Oct. 5. Oct. 4. Per ton. Tor lon. il R. fl. !£ K. (1. Copper, stan., spot 25 10 10J 25 15 0 Copper, slnn.: 3 mos. 26 3 I.J 20 CJ O 'Copper, electrolytic 28 10 0 28 10 0 to to 20 10 0 20 1U 0 Copper, elec., wire bars 29 10 0 20 10 0 [.end, soft, spot . . 10 3 0 10 0 O Lend, soft, forward 10 8 0 10 0 3 Spelter, spot .... 11 17 0 11 I~> O Spelter, forward . .12 2 0 12 0 0 l'lii, slnn., spot. . . 230 17 (> 230 2 0 illi, stun., 3 mos. 228 11 3 228 12 0 •American, 9 cents a lb. Quotations for other metals, with last week's prices in parentheses, are:—Pit: iron: Home trade, £3 7/6 (£3 7/6); ex port, £3 2/6 (£3 2/6). Antimony: British £44 10/ (£44 10/); foreign. £34 15/ (£3i 17/6). Molybdenite: £1 14/6 (£1 14/6) 11 unit. Wolfram: £2 3/ (£2 3/6) a unit. PRICE OF GOLD. LONDON, October 0. Fine gold is quoted to-day at £7 2/£ an ounce. Following is a summary of the fluctuatious in the price per ounce of fine gold this year:— £ R. ci. Highest price, October' 7 2 4 Lowest price, January 9 0 0 Si Oct. 1 " 1 0 Oct. 2 7 2 21 Oct. 3 7 2 21 Oct. 4 7 2 1 Oct. 5 7 2 4 Oct. G 7 2 3 COTTON, RUBBER, JUTE, ETC. LONDON, October 0. (Quotations 011 Sept. 29 in parentheses.) Cotton. —Spot, G.SSd (G.Dld) a lb; November delivery, 6.GOd (6.63 d). Rubber.—Para, sVid (5%d) a lb; plantation and smoked, 6%d (7 5-IGd). .Tute. — October-November shipments, £14 17/6 (£l4 7/6, September-October) a ton. Hemp.—October shipments, £15 10/ (not quoted). Copra. — October-November shipments, South Sea, £8 (£8 5/) a ton: South Sen, •smoked, £7 15/ (£7 12/6); plantation, Rabaul, £9 (£9 5/). Linseed Oil. — £19 15' (£2O 5,/) a ton. Turpentine.—42/3 (42/3) a cwt.

MINING NEWS. SKIPPERS OPERATIONS. Skippers. Limited (Shotover), reports (hat sluicing operations may lie expected to commence within 11 week. At the end of Inst month everything was ready for pink!(H'k work on the 10-acre beach, there remaining only two days' pile-driving in order to divert the river completely into the flaming. Weather conditions had been unsatisfactory, with heavy Hooding, but there had been no damage to the plant. The tluming was brought into service on September 14. YIELDS OF COMPANIES. Snowy River (West Coast). —Goz 1-idwt for 122 hours. Otago Scheelite. —From treatment of ISO tons of ore, five tons of scheelite and 14oz 14dwt retorted gohl. Stafford Sluicing (West Coast). —ISoz r.tlwt for 21 shifts. Heavy boulders have delayed progress. Glenroy (Murchison). —250z from second preliminary wash-up. Mahakipawa (Marlborough).—Last week, 330z. Brian Boru (near Greymouth).—Last week. 18oz Rdwt for 113 hours. Golden Sands (near Greymouth).—32oz for 33 shifts of eight hours. Ttell-Hooper (Cromwell).—Last week, 230z 17dwt. Charleston (Buller). —lfloz 15dwt for 23 shifts Ouring the past fortnight. Alexander Mines.—September returns battery department: 312 tons of ore crushed for a yield of 381oz 14dwt melted gold. Cyanide department: 207 tons of sands treated for 50oz 2dwts bullion. Estimated value, £ 1680. In arldition concentrates have been saved valued at £333. In estimating the above values, gold has been taken at 140/ per fine ounce. Talisman Dubbo.—6t> wet tons, equal to r>(s Iry tons of ore, were treated nt the Golden Dawn battery for an actual realisation, on per cent extraction £3r«o. Gillespie's Beach.—2Soz for 104 hours for tveek ended October S. Okarito.—ouoz lodwt for 124 hours. MINE MANAGERS' REPORTS. Golconda Mines. —During the week we had to retimber the main drive in the east cross*ur and have now got it in fairly good order. This work was done while we were pumping mt the flow of water cut in the 70ft level. IVe have got the water Deatc-n 1n the 70ft level, but had to timber here also, as the water rose so quickly that it loosened a lot if country that would have held up for a onig time otherwise. We nave got the cross- ! ;ut in the reef into the footwall timbered ip to where the water broke through and will have two shifts working there on Monlay afternoon. The reef, no far as wo can <ee, is underlying about 1-1, and the quartz . brown out is carrying nice minerals and a "air amount of antimony. Moanataiari Golconda Consolidated.—The company's supervisor advises that the contractors have advanced the drive 26ft for the week endinsr Friday, sth. The country continues to bo mild and mineralised as ' before. CHEAPER BUTTER. As from to-day local distributors of jutter have reduced their wholesale prices by Id per lb. The new rates will be: j Finest and first grades, 9%d per lb; second jrade, 81M; whey, 7ted, less Vitd per Jib sash discount.