FROZEN MEAT.

Press, Volume LXI, Issue 18552, 30 November 1925, Page 10

FROZEN MEAT.

LONDON OVER-SUPPLIED. (BT CABLE—PRESS ASSOCIATION—COPTBIGHT.) (AFSTBALIAN AND X\Z. ca'bCe association.) (Received November 29th, 5.5 p.m.^ LONDON, November 28. The. frozen meat trade is very depressed, buyers showing little interest, despite reductions in prices. The weakness is largely due to the knowledge that half a million sheep and 1,125,000 lambs are afloat from New Zealand, Australia, and Argentine, and that fairly heavy stocks are here already, particularfy of medium and heavy-weight New Zealand lambs, which are almost unsaleable. Large supplies of cheap chilled beef are also affecting the market generally. Quotations arc as follows: Mutton—Canterbury <al!>, TJd per lb; North Island, 7d: Now Zealand cwes, 4I<1; Argentine ewes, 4ijd. Lambs—Canterbury, light lid per lb. medium SJd, heavy Sid, seconds OJd. Other sclecteds—Light Ikl per lb. medium &Jd; North Island '.both), 3d: Australian, firsts Victorian C!gd, others 9Jd; seconds Victoria n o*'l, others BJd, thi;ds BAd; Argentina firsts, light 10i"rT, medium Kd, seconds f.ld. Frozen Ueff -New Zealand, fores 4Xd, hinds 4Jd: Australian, hinds 4Jd. Chilled beef—Argentine, fores 4Jd, hinds ojd. WHEAT PRICES. REASONS FOR ADVANCE. LONDON, November 28. The newspaper "London Grain Reporter" states that several causes contributed to the sharp advance in wheat prices since the beginning of October, including Russia's failure to ship expected quantities, Australia's reduced crop, and damage in Argentina by rain, rust, and frost, but the predominant factor is Canada, where the wheat pool is holding back wheat and forcing prices to a high level, owing lo the lack of South American competition.

WHEAT. (Received November 29th, 5.5 p.m.) NEW YORK, November 28. Chicago wheat—December (new) 1635 cents, (old) 162} cents', May (new) 159-i cents, (old) 158 cents per bushel. LONDON MARKETS. (Received November 29th, 5.5 p.m.) LONDON, November 28. Cotton —The Liverpool quotation for December delivery is 10.43 d per lb. Rubber—Fine, hard Para old; smoked ribbed sheet 53Jd' per lb. Jute—lndian native, first marks, Decem-ber-January shipment, £6l 10s per ton; NewZealand hemp, November-January shipment, £4O 10s per ton. Copra—Baggedl South Sea, November-De-cember shipment, £29 17s 6d per ton. Linseed oil—£37 10s per ton, equal to 3a per gallon. Turpentine—73s cwt, equal to 5s 6id per gallon. LONDON PRODUCE MARKET. • Messrs A. H. Turnbull and Co. have received a cable lr.eesage from their principals, Messrs W. Weddel and Co., Ltd., dated London, 27th, reading as follows': "Danish butter, 215s (la«t week 218s). "New Zealand unsalted, 206s to 208s (208s to 210s); salted, 204s to 206s (206s to 206 a). Market quiet. "Canadian cheese, white and co'oured, 112s to 114s (114s to 116s). Market quiet," WELLINGTON PUBLISHING COMPANY. THE ANNUAL MEETING. j The annual meetiDg of shareholders of the I Wellington Publishing Company (the "Dominion") was held in Wellington on Friday, Dr. G. E. Anson, chairman of directors, presiding. The annual report and balance-sheet, which showed that the .operations for the past year had been the most successful in the company's history, were adopted. The usual 7 per cent, dividend was de- ' clared, and the Tetiring directors, Messrs T. Shailer Weston and A. Macintosh, were reelected.

The retiring auditors, Mr E. W. Hunt and Mr D. Menzies, were re-elected. It was announced that tenders had been received for the company's new premises, and it was hoped that within a few days a contract would be signed and the work put in hand.

A special vote of thanks to the managing director (Mr C. Earle) and to the staff for their services, was passed, it being announced that the usual bonus had been allocated to members of the staff with twelve months or more service to their credit.

* WELLINGTON SKIN SALES. The fortnightly sales of sheepskins, hides', and tallow-were held in Wellington on Friday. There was a lull attendance of exporters; tanners, fellmongers, and the local trade. Competition for sheepskins was very keen, and for specially prepared lots and fine wools. Prices foi- dry skins were at par to id per lb better than previous quotations, other lots- being on a par. Salties were in demand, and prices generally were firm at late rates. There was a fair enquiry for all grades of hides. Heavies and mediums were at par to 4d per lb better, and lights on a par. Kip and yearling were in request, and sold in sellers' favour. Some nice lines of sound calf were offered, values being id to id per lb better than late rates.. Slippy and inferior lots of calf are now very difficult of sale. Tallow was in steady demand, prices being unchanged. The following is the range of prices:— Sheepskins. —Half bred lOd to 15d, fine crossbred 12id to 14Jd, medium to coarse crossbred IOJd to 13 Jd, short to half-wools 9Jd to lid, lambs Hid to 13Jd, dead damaged crossbred 9d to llijd, inferior and badly damaged 5d to lOd, pelts 71d to 101 d, damp, salted, and green 7s 6d to 12s 6d, pelts, salted 2s to 3s 9^lambs, salted 3s to 3s lid. Hides. —Ox heavy, 701b and over 91d; ox heavv 59 to 691b, Bgd to 7Jd;.ox, medium 53 to 581b, 7gd to Bgd; ox, light, 45' to 521b, 6|d to 7Jd; cut, slippy, and inferior, 4Jd to 7id; cow, heavy, 531b and over, 6|d to 6!d' cow, medium, 45 to 521b, 6Jd to 6Jd; cow' light, 33 to 441b, 6id to 7Jd; cut, slippy and inferior, ljd to 6Jd; bull stag, "3d to 5Jd; vearlings, 11 to 161b, 7Jd; yearlings, 17 to 321b, 6P to 8d; calf, superior, up to 101b, not quoted; calf, damaged, up to 101b, 3Jd to lOgd; calf, medium to good, Hid to 13d. . Tallow. —In casks, lis to o3s; in, tins, 14s 6d to 295.' . Sundries.—Horsehair, 21s. N.Z. OIL SURVEYS. During the past eighteen months a strong financial company has been making extensive surveys of petroliforous lands in several parts, of the North Island, more particularly in the Gisborne and Taranaki districts. Large sums have been spent in engaging the services of geologists from the United States of America from where the crews used in drilling operations also hail. It is understood that as a result of overtures that have been made lately, that the company has decided to engage a number of New Zealanders, some of whom have distinguished themselves at Otago University, who will assist in making details of the geological surveys. New Zealandcrs will also be engaged as drilling crews. Most of the capital for the big undertaking has been found in Australia, and the whole of the capital involved has been found by British interests. ULIMAROA CARGO. The Ulimaroa, which was scheduled io> leave Sydney on October 16th and arrive in Wellington on October 20th last, has been laid up in Sydney Harbour since that date owing to difficulties experienced by the management in manning {to vessel. New Zealand importers have been very seriously affected, as cargo consigned to them has been allowed to lie in the steamer's hold for over a month, and much of it is Christmas goods. The Wellington Chamber of Commerce took •up the matter on behalf of its members, and strong representations were made through the Sydney Chamber of Commerce to the owners of the steamer, and as a result of these representations the HuddartParker Company has agreed, as a matter of grace, .to redeliver the. at Sydney ire© otchaiS%