OVERSEAS MARKETS.

Auckland Star, Volume LXVIII, Issue 26, 1 February 1937, Page 4

OVERSEAS MARKETS.

EXPORT MEAT TRADE,

PRICES AT SMITHFIELD.

The Xew Zealand Meat Producers Board advises 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. — Crossbred wethere and/or maiden ewes: 481b and under 5V4d 491b to 561b 5V6d, 571b to 641b 4%d, 651b to 721b 4Msd. Ewes: 481b and under 4%d, 491b to 561b 4d, 571b to 641b 3 7 /4 d, 651b to 721b 3%d.

Lambs (new season's). — Xorth Island Downs: 361b and under 7%d, 371b to 421b 7%; second quality, average about 301b 7%d. Xorth Island, first quality: 361b and under 7%d, 371b to 421b 7%d; second quality, average about 311b, 7%d. Australian: Victorian, first quality: 291b to 361b 6%d, 371b to 521b 6V6d. Argentine, first quality: 361b and under 6%d. 371b to 421b 6%d. Frozen Beef.—Xew Zealand : Ox hinds, 1451b to 2101b, 4ttd; ox fores, 1451b to 2101b 3d. Australian: Ox hinds, 1451b to 2101b 4%d; ox crops, weights corresponding 3%d.

Chilled Beef.—New Zealand: Ox hinds, 1451b to 2101b 5%d; ox fores, 1451b to 2101b Union of South Africa: Ox hinds, 1451b..i0 2101b 5%d; ox fores, 1451b to 210!b 3%5. Southern Rhodesian: Ox hinds. 1451b to 2101b 5%d; ox fores, 1451b to 2101b 3d. Argentine: Ox hinds, 1451b to 2101b 6d; ox fores, 1451b to 2101b 3V>d Uruguayan: Ox hinds. 1451b to 2101b 5%d; ox foree, 1451b to 2101b 3ttd. Pilars.— New Zealand! - Porkers. first quality, 611b to 891b 7%d, Rllb to 1001b 7d, 1011b to 1201b 6Hd. Baconerg: 1211b to 1601b 6%d. Lamb Market.—Better demand has improved prices. Mutton.—Wethers steady. Ewes firmer with more inquiry. Beef.—Frozen beef prices a little better, in sympathy with chilled. Chilled beef firmer this week, owing to lighter siinnlies. Pize.—New Zealand porkers firm, with Rood trade B;uoners: Market steady and unchanged. BUTTER IRREGULAR. LONDON, January 30. Butter remains irregular after the unexpected break early in the week, due partly to the publication of details of stocks, which showed an increase of 3000 tons, compared with last month's. The market was affected by lack of speculation among importers restricted by the agreement with Neu- Zealand distributors, which may delay the expected recovery. Danish has shown a useful improvement. COTTON, RUBBER, COPRA. LONDON, January 30. (Quotations on January 23 in parentheses) Cotton.—Spot. 7.34 d" (7.16 d) a lb; February delivery, 7.12 d (6.t)2e1). Rubber.—Para, 14d (14d) a lb; plantation and smoked, 10Ud (lOVid). Jute. —February-March shipments, £18 17/6 (£lB 6/3, January-February), a ton. Copra. — February - March shipments. South Sea. sun-dried. £19 13/ to London and Rotterdam (£2l) a ton; South Sea, smoked. £19 15/ to Marseilles and Genoa (£2O 13/); plantation. Rabaul. hot air dried, £20 10/ to London and Rotterdam (£2l 15/). Linseed 0i1.—£29 5/ (£29 5/) a ton. Turpentine.—42/9 (42/9) a cwt. PRICE OF SILVER. LONDON. January 31. Silver is quoted at 20Y*d per ounce for spot and forward delivery. GOOD TRADE OUTLOOK. PROSPERITY VISIBLE. LORD WARDINGTON'S ADDRESS. British Official Wireless. RUGBY, January 30. In his annual address to shareholders in Lloyds' Bank, Lord Wardington, chair, man, characterised the present outlook for commerce and industry as encouraging. He eaid that wherever one looked, even in the depressed areas, prosperity was visible and all the eigne —such as the figures of employment, the reduced amount of unemployment, the increased values of commodities *and of industrial shares, the full order books, clearing house, railway and retail sales returns and the reduced figures of bankruptcy and ■bad debts—all pointed in the same direction. There was also the 'satisfactory feature of a fundamental basis for good international trade. The present higher prices oE primary commodities were fulfilling their function in restoring prosperity co countries of primary production and putting them once more in the position of being able to place orders in industrial countries for the secondary products they needed. The way in which trade on the Stock Exchange had withstood political and other shocks had been truly remarkable, but it wae necessary to face the future cautiously in epite of the natural feeling .of optimism. • ■--/•V.* r^.