OVERSEAS MARKETS.

Auckland Star, Volume LXVI, Issue 47, 25 February 1935, Page 4

OVERSEAS MARKETS.

DAIRY PRODUCE. THE BOARD'S REPORT. The New Zealand Dairy Produce Board has received the following market report from its London office, dated February 22:— NEW ZEALAND BUTTER. ■ 22/2/35. Last week. Last year. , Salted .... 83/-S5/ 88/-90/ 72/-73/ Equals 9.7 d per lb, f.o.b. : Unsalted . 90/-92/ 9-1/-90/ 72/-73/ Tons. Tons. Tons. Deliveries ....... 2345 2182 1982 > In store 7004 5325 7290 Australian: Salted, 82/ to 84/; unsalted, 88/ to 90/. Deliveries, Australian, 2629 tons; in store, Australian, 3309 tons. Danish, 90/ f.0.b., 112/ spot; Dutch, unsalted, 99/ to 107/; Latvian, unsalted, 95/ ; Lithuanian, unsalted, 94/; Polish, salted, 82/ to 84/. Market slow. Retail prices unchanged. New Zealand, lid; Danish, 1/2. Imperial Economic Committee's estimated stocks all butters, in store, 466,326 boxes (last year 750,303 boxes). NEW ZEALAND CHEESE. 22/2/35. Last week. Last year. White .. 47/6-48/ 48/6-49/ 43/-44/ Equals S.lld per lb, f.o.b. Coloured . 47/-48/ 4S/G-49/ 4G/-48/ Crates. Crates. Crates. Deliveries 17,004 20,131 20,500 Iu store 129,505 128,050 49,720 Australian: White, 40/; coloured, 45/ to 46/. Canadian: White, 60/; coloured, 60/ to 62/. Deliveries: Canadian, 0095 boxes; in store, Canadian, 100,766 boxes. Market quiet. New Zealand retail price unchanged, 6d. English finest farmers', 82/ to 90/; English factory cheese, 41/ to 48/. The board has also received the following advice from its agents in Canada: — Butter: New York, 35% cents; Montreal, 25 cents. Messrs. Joseph Nathan and Company have received the following cable from their London principals, Messrs. Trengi'ouse and Nathan, Tooley Street:— Butter: 83/ to 84/ per cwt. Cheese: 47/ per cwt. Both markets quiet. MEAT EXPORT TRADE. The New Zealand Meat Producers' Board has received the following cable from its London office, dated February 22, 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 Smithfield market, and/or ex London stores: — Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/561b, 5d per lb; 57/641b, 4'/jd; 65/721b, 4%d; North Island, 48/561b, sd: 57/641b, 4%d; 65/721b, 4%d; ewes, 481b and under, 4Vid; 48/6-llb, 3%d; 65/721b, 3&d. Lambs. —Canterbury, 361b and under, 7d; 37/421b, 7d; 43/501b, 7d; second quality, average 321b, 6%d; selected North Island brands, including Downs, 361b and under, 7d; 37/421b, 7d; 43/501b, 6%d; second quality, average 321b, 69id; other North Island brands, first quality, 361b and under, 6%d; 37/421b, 6%d; second quality, averago 321b, 6'^d. Australian Lambs.—Victorian, first quality, 361b and under, 6%d; 37/421b, 6%d. Argentine Lambs. —361b and under, 6%d; 37/421b, 6V*d. New Zealand Beef.—Ox, fores 2%d, hinds 3%d. Argentine Chilled Beef.—Ox, fores 3Md, hinds 4%d. Australian Frozen Beef.—Ox crops, over 1001b, 3Vsd; ox hinds, over 1601b, 3%d. New Zealand Porker Pigs.—6o/801b, 5%d; 81/1001b, sd; 101/1201b, sd. Baconers: 120/160]b, 5%d. Lamb market; Prices slightly easier. Consumption fair, but market overloaded with meat of all descriptions. Mutton: Wethers—Prices lower, with trade slow. . Beef: Trade slow, owing to low prices of Argentine chilled beef. New Zealand porker pigs: Trade continues very slow. I Baconers: Market steady and unchanged. EXPORT PARITY.

In regard to the published prices realised for New Zealand lamb delivered ' to Smithfield market, tho New Zealand , Meat Producers' Board supplies the fol- ' lowing table, giving the equivalent New i Zealand parity, after deducting all costs, ■ including selling commission. The costing ; is based on to-day's estimated skin values ; and includes exchange at current rates. The calculation is on the basis of a prime woolly lamb weighing, say, 341b, delivered at freezing works:— If price delivered to N. 55. "overall" Smithlield is , parity delivered at (d per lb): works (approx.). (d per lb.) 7 6.90 6 7S 6.75 63 6.60 Note.—ln tho above estimate the cost of killing, freezing, and placing on board steamer is based on a charge of ,070 d per lb. QUOTATIONS FOR WHEAT. LONDON, February 23. Wheat.—Cargoes are featureless. Business was done in West Australias for China, 7500 tons in March, but the price was not reported. Parcels are inactive and prices unchanged. Futures.—London: February, 19/10% a quarter: April, 19/9; June, 20/5%. Liverpool: March, 4/7% a cental': May, 4/10%: July, 5/0%. PRICES IN AMERICA. CHICAGO, February 23. Wheat.—May, 96% cents a bushel; July, 91% cents; September, 90% cents. The New York price for cash is 1 dollar 16% cents. PRICES OF METALS. LONDON, February 23. Following 'were yesterday's quotations on the London metal market, compared with those of February 21:—

Quotations for other metals, with last week's jjriees in parentheses, are:—Pig iron: Home trade, £3 7/6 (£3 7/6); export, £3 2/6 (£3 2/6). Antimony: British, £77 10/ (£77 10/); foreign, £59 10/ (£OO 10/). Molybdenite, £1 14/6 (£1 14/6) a unit. Wolfram, £1 IS/ (£1 17/6) a unit. COTTON, RUBBER, JUTE, ETC. LONDON, February 23. (Quotations on Feb. 16 in parentheses.) Cotton. —Spot. 7.10 d (7.06 d) a lb; March delivery, 6.8!) d (6.56J). Rubber.—Para, 4%d (4%d) a lb; plantation and smoked, 6%d (6%d). Jute.—February-March shipments, £16 ■ 10/ (£l7 6/3) a ton. ,

Copra.—March-April shipments, South Sea, £12 2/0 (£l2 February-March) a ton; South Sea, smoked. £12 7/6 (£l2 5/); plantation, Rabaul. £12 17/6 (£l2 15/). Linseed 0i1.—£,23 (£22 15/) a ton. Turpentine.—4B/ (48/) a cwt.

Feb. 22. Feb. 21. Per ton. Per ton. £ s. (1. £ s. d. Copper, stan., spot 26 18 1J 27 3 1J Copper, Star)., 3 >nos. 27 4 4} 27 8 11 Copper, electrolytic 30 0 0 30 7 G to to 30 a 0 30 10 0 Copper, elec., wire bars 30 5 0 30 10 0 Lead, soft, spot ..10 5 0 10 5 0 Lead, soft, forward 10 8 9 10 8 0 Spelter, spot 11 1G 3 11 15 0 Spelter, forward . 11 18 9 11 18 9 Tin, stan., spot . . 224 15 0 227 7 6 Tin, stan., 3 mos. 221 10 0 224 2 0