COMMERCIAL.

Franklin Times, Volume XX, Issue 79, 11 July 1930, Page 2

COMMERCIAL.

LONDON MARKET REPORT.

BUTTER OUTLOOK DOUBTFUL

Messrs Leonard and Sons, Ltd., have received advice by cable from London dated July 4, of the following market report:— Cheese: Deliveries, New Zealand and Australian, 23,379 crates; Canadian. 4015 boxes. Stock: New Zealand and Australian, 122,737 crates; Canadian, 110,418 boxes. Price: New Zealand, white, 75/6; coloured, 82/-. The demand is fair, and the market is steady. The outlook is fairly good. Butter: New Zealand, first grade. 134/-; finest; 136/-. The demand is slow, and the market is inclined to be weak. The"outlook is doubtful.

DAIRY BOARD’S REPORT. The New 7 Zealand Dairy Produce Board has received the following market report from its London office dated July 4, 1930: — Butter: New 7 Zealand, salted, 134/ 138/-: last year 170/173/-; unsalted. 146/150/-: last year 170/172/-: first whey, 128/-: second whey, 12’G/-. Deliveries New Zealand this week, 755 tons: in store, 11,258 tons: Australian salted, 132/3 ex. 136/-; unsalted, 132/134/-; Argentine, unsalted, 124/ 30/ ex. 133/-; Irish, cream, salted, 136/-; unsalted, 140/-; Danish, 142/f.o.b. 146/148 spot; Dutch unsalted, 14 6/150/-: Esthonian. 138/-: Siberian 130/-: Ukranian. 132/-: Polish. 110/126/-; French baskets, salted, 138/140/-. The market is quiet. Danish retail price increased to 1/6. Cheese: New Zealand, white. 75/76 ex. 77/-; last year, 90/92/-; coloured, 81/82 ex. 83/-: last year, 92/94/-. Demand improving. Deliveries New Zealand this week, 23 350 crates: in store, 122,056 crates; Australian, white, 74/-; Canadian, white, 78/83/coloured. 80/83-; c.i.f. 78/-. The market is quiet. Deliveries, Canadian, 4000 boxes; in store, 110,418 boxes.

SMITHFIELD MARKET. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated July 4, 1930, advising that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of 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: — New Zealand sheep: Canterbury and crossbred wethers, 48/56, 4■ 7-8 d; North Island and maiden ewes. 57/64, 4Ad; selected, 65/72, 4Jd: North Island and maiden ewes, 48/56, 43d; 57/64* 4 3-8 d: 65/72, 4 3-8 d; ewes, 48/64, 27-8 d; 65/72, 2 5-Bd. New Zealand Lambs, Canterbury. 36/under, 8 7-8 d; 37/42, 8-Id; 43/50, 83d; second quality, average 33,, 7fd; other South Island brands, 36/under, 83d; 37/42, 8 3-8 d; 43/50, B£d; selected North Island brands, including Downs, 36/under, 9d; 37/42, B£d; second quality, average 31, 8 l-8d; other North Island brands, first quality, 36/under, 8 5-8 d; 37/42, 83d; second quality, average 31, Bd. Australian lambs, Victorian first quality, 36/under, 7 l-8d; 37/42, 7d. Argentine lamb, first quality, 36/ under, 6|d; 37/42, 6 l-Bd. New Zealand beef: Ox fores, 3 i-8d; ox hinds, sd. / Argentine chilled beef: Ox fores, 3|d; ox hinds, 73d. Australian frozen beef: ox crops, over 100, 3id: ox hinds, over 160, 5 l-Bd.

New Zealand prime.porker pigs, 60/ 100, 73-d; 101/120, 63d.

New Zealand prime baconer pigs. 121/180, 63d. Lamb market: Good demand for best quality, but second quality weaker owing to competition from heavy stocks of Argentine and Australian. Mutton market: Wethers continue weak, w'ith lower prices. Heavy stocks depressing market. Ewes—trade slow, demand is .only poor. Beef market is quiet with prices slightly easier.

. New Zealand porker pigs: No demand owing to hot weather.

New Zealand baconer pigs: Stocks are light. Nominal prices. THE BANK’S REPORT. The Bank of New Zealand has received the following advice from its London office under date July 2: — Tallow: In fair demand at current prices. Current quotations: Good mutton, 29/- per cwt; good beef, 26/6 to 27/6 per cwt; good mixed, 27/- to 27/6 per cwt; gut, 20/- to 24/- per cwt. ■ Butter: Quiet, 136/- to 137/- per cwt. Cheese: Steady, white 76/- per cwt; coloured, 82/- per cwt. Frozen meat: Trade in wether mutton is very slow. The market for ewes is depressed owing to absence of demand. The market is weaker for second quality lamb: first grades remain steady. The market for beef is quiet and unchanged. Wethers, light, 4id to 33d per lb; heavy, 33d to 4id; ewes, 2-id to 3id; lambs (2s), 8 5-8 dto 9d: (8s). 8 3-8 d to 8 5-8 d; (4s), 8d to B|d; (seconds) ,71d to 81d: ox hinds. 43d to s id: ox fores, 23d to 3d: cow hinds, 4d to 41d: cow fores, 21d to 23d.

HAMILTON STOCK SALE. SLIGHT DECREASE IN BEEF. The Farmers’ Co-operative Auctioneering Company Ltd., Hamilton, report:— At the weekly stock sale in the Frankton yards on Tuesday we had a good yarding of beef and store cattle and an extra heavy yarding of fat sheep. Owing no doubt to the large yarding ox beef showed a slight decrease, but good quality cow and heifer sold at late rates.

Competition on fat sheep was not keen and prices showed a considerable drop on last week’s quotations. Late rates were maintained for store sheep and store cattle. There was a small yarding of pigs and values were on a par with last week. We quote:— 3s; medium fat cows, £7 Is to £8; Fat cows and heifers, £8 5s to £9 light, £5 12s 6d to £6 15s: forward conditioned, £4 15s to £5 10s; runners up, to £6 9s. Fat -an dforward 4-tooth wethers, 22s 6d to 24s 2d; fat ewes, 19s; fat hoggets, 15s to 16s 6d; forward hoggets, 13s; S.M. ewes in lamb, 17s 9d to 20s.

Jersey dairy cows, close to profit, £lO 5s to £ll 15s; August calvers, £9 5s to £10; others, £6 10s to £B. Pigs: Baconers, £2 19s to £3 ss; porkers, £2 10s to £2 14s; light porkers, £2 to £2 8s; stores, 34s to 395; slips, 22s to 28s: weaners, 16s to £l.