COMMERCIAL.

Hawera Star, Volume XLV, 9 November 1925, Page 10

COMMERCIAL.

LONDON MEAT MARKET. LATEST QUOTATIONS. BV CABLE—PRESS ASSOCIATION—COPYRIGHT. LONDON, Nov. 7. Sheep—Canterbury, light Bd, heavy 73d; North Island, heavy 7Ad; New Zealand ewes, 6d; Australian, firsts, GAd; Argentine firsts, light 7d, medium GAd, heavy 5Jd, ewes 5Ad; Patagonian, light 6Ad, medium 63d. Lambs—Canterbury, light HJd, medium 10Jd, .heavy 93d, seconds 11 Jd; other selecteds, light 11-£d, medium lOd; North Island firsts. IOAd. Frozen Beef —New Zealand fores, 4 ad, hinds sd; Australian, crops 4gd, hinds, 43d. Chilled —Argentine, hinds 4d, fores 5Ad; others unchanged.. WORLD’S MEJTAL MARKET. LONDON, Nov. 7. The metal markets have lee 11 somewhat adversely affected by the political crises in France and Germany, and the further depreciation of the franc made French buyers extremely cautious, but business with-the United States leaves nothing to be desired. According to a report issued by a leading firm of metal brokers, it is generally admitted that the present activity of the stock market in New York reflects satisfactory conditions in most branches of the trade, and in view of the great accumulation of wealth there is no reason why the activity should hot be maintained. Reports from the United States indicate that the consumptive demand is fully sufficient to deal with the supplies of copper, lead aud spelter. Only in regard to tin is a tone of scepticism expressed, and this happens to be the only metal America does not produce and must import. American writers have for a long time preached to consumers that the value of tin is too high and susceptible to a sudden brea k . as has happened in the past. Consumers accordingly have only followed the advance' in prices when they have been forced to do so, and have limited their purchases to near requirrnents. The intrinsic position .of tin is perhaps stronger than any other metal, for the experience of last year teaches that even the extraordinarily lucrative price obtained by producers has not resulted in an increase of supplies sufficient to fill the need of the world’s consumptive demand. &