OVERSEAS MARKETS.

Auckland Star, Volume LXV, Issue 256, 29 October 1934, 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 October 20, advising that the roliouing arc the approximate average prices realised for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and arc 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 ivcthem and maiden ewes, -181b to 561b, 4%d per lb; 571b to 041b. 4%d; 6.51b to 721b. 4%d; North Island. 481b to 50lb, 4%d; 571b to 011b, 4%d; 051b to 721b. 4%d. Ewes, 48lb and under, 3%d; 4Slb to 641b, 3Vid; 051b to 721b, 2%d. Lambs.—Canterbury, 501b and under, o%d per lb; 371b to 421b, O'/ad; -J.'ilb to 501b, o%d;. second quality, average 321b, O'id; other South island brands, 301b and under. o%d; 371b to 421b, O'/sd; 431b to 50lb, .V's.l. Selected North Island brands, including Downs, 301b and under. 7'/ 8 d; 371b to 421b, o%d; 431b to 501b, 5%d; second quality, average 321b, fittd. Other North Island brands first quality, 361b and under. o%d; 371b to 421b, o%d; second quality, average 321b, O'/sd. Argentine Lambs.- first quality (new season's). 30lb ami under, o%d per lb; 371b to 421b, 5%d. New Zealand Beef.—Ox fores, 2%d per lb; ox hinds, 3',4d. Argentine Chilled Beef.-Ox fores, 3%d per lb: ox hinds. 3d. Australian Frozen Beef.—Ox crops, over 1001b, 2%d per lb; ox hinds, over l.OOlb, 3 Mid. New Zealand Pigs.—Porkers: 001b to SOlb, 6%d per lb: SUb to 1001b, 6%d; lOllb to 1201b, Od. Baconers: 1201b to 1001b, 6 , /S(l. Lamb market: .Quiet, -with prices s'lghlly casui Mutton Slightly weaker, but demand increasing. Beef: Meeting with fair trade, but feeling competition by low prices of Argentine chilled beef. New Zealand porker pigs: Trade slow. Baconers: Nominal. LONDON SHEEPSKIN SALES. Messrs. Dalgety and Co.. Ltd., report having received the following cablegram from their London house, dated 24th instant:— London sheepskin sales: Good selection, good attendance. Australian Merino 5 per cent higher on average. New Zealand crossbred irregular. As compared with closing rates of last series, change, if any, is in favour of sellers. PRICES OF METALS. LONDON, October 27. Following were yesterday's quotations on the London metal market, compared with those of October 25: — Oct. 20. Oct. 25. Per ton. I'er ton. •C s. d. £ s . d. Copper, slan., spot 28 4 •!.'. 27 18 9 Copper, Stan.. 3 mos. 28 10 7i li* 4 4J •Copper, electrolytic 51 5 o 30 10 o (o to 31 15 0 31 10 0 Copper, elee., wire liars 31 15 0 31 10 O Lead. soft, spot .. 10 17 6 10 12 (1 Lead, soil, forward 1(1 17 6 10 12 O Spelter, spot 13 0 0 12 11! 3 Spelter, forward . 13 0 0 12 1(> 3 Tin, stall., spot . . 220 10 3 229 13 9 Tin, slan.. 3 mos. 22S 11 3 22S 11 3 •American, 9 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 2/0). Antimony: British, £40 10'' (£49 10/,); foreign, £30 10/ (£3O 5/). Molybdenite, £1 14/0 (£1 14/6) a unit. Wolfram, £2 1/ (£2 1/0) a unit. THE PRICE OF SILVER. (Received 11.50 a.m.) LONDON, October 27. Silver is quoted at 23%tl per ounce for spot delivery, and 23% d for forward.