COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 11828, 9 January 1933, Page 2

COMMERCIAL

WHEAT MARKET

BRITISH DEALERS MORE HOPEFUL

(U.P.A. by Elec. Tel. Copyright) (Received Jan. 8, 7 p.m.) LONDON, Jan. 7.

Tho wheat outlook appears to he improving somewhat and according to the Evening Standard, . dealers who have long been despondent are taking a more hopeful view of tho future. There 1 is 1 a change for the better in American sentiment, and the belief expressed that America is in for a broad speculative movement is nopeful. A development is the: sustained demand front India

LONDON FROZEN MEAT MARKET

(U.P.A. by Elec. Tel- Copyright) (Received Jan 8, 7.15 p.m.) LONDON, Jan. 8. Following are the latest frozen meat quotations:— New Zealand sheep; Canterbury and North Island selected crossbred wethers and maiden ewes, 4S to 561 b. 4.pi; 57 to 641 b., 4/d ;65 to 721 b., 4/d ; North Island, 48. to 561 b., 4{jd; 57 to 641 b.. 4/d; 65 to 721 b., 4/d; ewes, under 4Slb., 3 a d; -18 to 641 b., 3/d; 65 to 721 b., 2/d. Australian sheep: First quality crossbred and/or merino wethers, 40 to 651 b., 3.Vd ; second quality, 30 to 55 lb., 3|cl; ewes, 30 to 551 b., none offering-

Argentine sheep: First quality cros'sbred wethers, -IS to 6-llb., 4/d; 65 tq 721 b., 4d. Patagonlian sheep. Wethers and/or maiden ewes, under 501 b., 3/d; 50 to 601 b., 3/d; eivos. 40 to 50lb„ 3jjd.

New Zealand lambs: Canterbury, 3Glb. and under, none offering; 37 to 421 b., 5/d; 43 to 501 b., none offering; second quality, average about 30 lb., 5.',d; .other South Island, 361 b. and under, nono offering; 37 to 421 b. old; 43 to 501 b., none offering; selected North Island, including Downs, none offering. Australian lambs, Victorian, first quality, 361 b. and under, 6/d; 37 to 421 b., 5/d; other States, first quality, 361 b. and under, old; 37 to 421 b. 4/d; Victorian, second qualify, 361 b. mil under, 5/d; other States, second quality, 361 b. and under, 4/d; all States, third quality, average about 2Ulb. 5/d.

Argentine lambs; First quality, 36 lb. and under, ojd; 37 Lo -121 b., sd; second quality, average about 281 b., 5/d.

Patagonian lambs. Nolle offering.

New Zealand frozen beef ; Ox fores 160 to 2201 b., 2.pi; ox hinds, 160 to 2201 b., 3.pi.

Australian frozen beef: Ox crops, 1001 b. and under, 3d ; ditto ox crops, over 1001 b.. 3pi; ox hinds, IGOlb. and under, 3ijd; ox hinds, over IGOlb. 3-Pi. Argentine chilled beef : Ox fores, 160 to 2201 b., 3/d; ox hinds, 160 to 2201 b., 4/d. New Zealand pigs: First quality, GO to 801 b., 6/d;. 81 to 1001 b., 5/d; 100 to 1201 b., 5/d. . Australian pigs ; first quality, 60 to 1001 b., average about 801 b.,. Gd; 101 to 1201 b., 5/d.

The above, which is a new est, are the approximate average prices real-s----ed for the week based on the actual transactions of wholesale qualities of the descriptions of meat mentioned, and arc for representative parcels of goods offering during the week, being for business done on the basis ol delivery to Smith field market and for ex London stores, lhe list has been compiled by the price ‘committee

COLONIAL APPLES IN LONDON

SUGGESTED EXTENSION OF

ARRIVALS

(U.P.A. by Elec. Tel. Copyright) (Roe. Jan. S, 7 p.m.) LONDON. Jan. 7

Conflicting reports, are current hero regarding the quantities of apples Australia and New Zealand are likely to export this season- One account says that the total may be about 6,500,000 boxes, but others suggest it is likely to be about 5,000,000 boxes, •Importers would welcome'an official announcement of the probaulc shipments, fearing a repetition of last year’s glut, which had a disastrous effect on prices, for it is said that Australian exporters have asked shipowners to provide tonnage for 2,500,000 boxes in March and 2.100,000 boxes in April. The possibility of such huge arrivals in eight or nine weeks is not relished by importers. Several of the largest receivers suggest that the shipments should be spread. over a longer period, and the arrivals xtended till August. In previous years when apples arrived as late as August they met a poor market but now that the latter have to pay a high tariff, they are coming here in much smaller quantities and apples should meet fair demand. LONDON PRODUCE MARKET The Bank of New JZealand is in receipt of the following cable ' advice from its London office as at close' oi business last week: “Wethers, The market i s firmer for heavyweights; lighter weights are steady. Ewes: The markc t is quiet and unchanged. Lamb's: There is a moderate demand. Prices are a shade lower. Current quotations; Wethers, light 4-$d to . 4iJ-d; owes, 2-Jd : to 3fd; lambs,. twos 7-J-tl to 8d; eights, 7-id to 7fd ; lours 7d to 7-.jdseconds, Old to 7d. WELLINGTON WOOL SALES Messrs Murray, Roberts and Co., Ltd., have to report as under on their second sale held at Wellington:— “Total offering 30,000 bales. Onr catalogue comprised 3250 bales. Bidling was very keen from the comluenement of the sale to the finish. Superior lots' of good sound hoggets advanced Id to lid compared with December sale. Medium to good fleece sold at par to a* halfpenny dearer, whilst pieces, bellies, and- lambs wool were 3rd to Id higher. We sold 90 per cent, of our catalogue”