COMMERCIAL

Nelson Evening Mail, Volume LXI, 13 April 1928, Page 8

COMMERCIAL

LONDON" MARKET

Messrs Levin and Co., Ltd.. have received the following cable from their London agents dated sth April. 1028:

"Frozen meat quotations (prices on a "delivered" basis, i.e.. including storage charges, cartage, tolls, etc), down lamb 28/42s !).l per 11): host North Island 2S/42s SJil per II.: ordinary North Island 28/42s 8 3-8 d per lb; second quality lanili 8 3-JJil per lb; best North Island'wether sheep 48/64s 6 3-8(1 per lb: best North Island wether sheep t!4/72s f> ]-.Bd per lb: ordinary North Island wether sheep 4S/t;4s o}d per lb: North Island ewes 4S/C,4s ."> 1 -S.I pellb; North Island ewes 04/72s 4.?il per lb: New Zealand prime ox beef 100/ 220 s 4d per lb. As compared with last week's quotations, second" quality land) is 1-Sd per lb higher. Light, wethers .]d per lb lower: others unchanged. The market is firm fur prime lambs 2's. The market Tor wethers is quint with a weakening tendency, and for ewes it is steady.'

The New Zealand Loan and Mercantile Agency Company, Limited, hav«< received the following cablegram from their London house, under date 4th inst.:—

Tallow.—We quote present. c.i.f. and e. values for the following descriptions of tallow: Fine mutton 39s per cwt: gcod beef, 41s 6(1, mixed 38s, market, firm.

N.Z. dairy produce (last quotations in parenthesis)'.— Mutter. N.Z. choicest 168 s to 170 s per cwt (170 sto 1725). Cheese, 96s to 98s pei- cwt (98s to 100 s). Market slow.

BURNS. FJIILP SOUTH SKA CO. Uniteil Prc-ta Association—By Electric Telegraph—Copyright SUVA, 12th April. The Burns, Pliilp South Sea Company held its annual meeting at Suva to-day. Tho balance sheet shows ; t surplus in the br.knee brought forward of £69.660 14s fid. It was decided to pay a dividend of Is 5d a share, and carrv forward £6.535 14s Bd.

AUSTRALIAN MARKETS

SYDNEY. 12th April

Flour. £l3: bran £6 10s: pollard. £7 10s; potatoes. Tasmanian £6 to £7; onions, £9 to £lO.

Wheat 5s ex truck. Svdnev. ADELAIDE. 12th April

Wheat, growers' lots. 5s 4d : Hour bakers' lots'. £l3 12s 6d ; bran. £7 5s pollard, £7 7s 6d. (Received 13th April. 9.30 a.m.) MELBOURNE, This Day.

Wheat 5s 7d to 5s 8d ; flour £l2 7s 6d to £l2 12s 6d; brand. £6 15s: pollard, £8; oats, milling 3s lOd to 4s, feed 3s od : barley, English 5s to 5s 3d, Capo 4? 2d; potatoes. £5 to £6: onions, £7 10s. TRUST AGENCY OF AUSTRALASIA (Received 13th April, 9.35 a.m.) LONDON. 12th April.

The Trust Agency of Australasia declared a final dividend of two shillings and a bonus of sixpence tax free.

NEW ZEALAND DAIRY PRODUCE BOARD LONDON* PRICES The New Zealand Dairy Produce Board has received the following market report from its London agency dated sth April, 1(12* (the prices for the previous week being shown in parentheses) : Butter.—New Zealand finest salted 100 s to 170 s (KiSs to 1725): exceptionally 170 s, market slow (1745). Business done principally 100 s to IGBs. Unsalted 170 s to 170 s (170 s to 178 s). Deliveries New Zealand this week 088 tons; in store 0170 tons. Australian litiest salted 100 sto lo4s (102 sto 100 s); unsalted 100 s to Kits (102 s to IOCS); Argentine finest unsalted lf>Ss to 102 s (158 s to 102 s); Irish creamery salted 1725, unsalted 17fis (not quoted). Danish 188 s to 190 s spot. 177 s to 17Ss f.o.b. (102 s <o 104 s, 180 s to 187 s); Dutch creamerv unsalted 180 s to 188 s (180 s to 188s)'; Siberian 100 s to 102 s (104 s to 108 s): Polish unsalted 104 s (100 s to 170 s). Market closing steadier. Retail prices unchanged.

Cheese.—New Zealand white and coloured 07s to 00s (OSs to 100 s). market slow: Canadian finest white 108 s to 112 s (108 s to 112 s): coloured 100 s to 108 s (104 s to 100 s): English finest farmers 135 s to 138 s (135 s to 138 s). Retail prices unchanged. Estimated stocks all butlers public stores at 2nd April 11,100 tons, compared with 10,500 tons last year. Estimated stock's cheese in public stores 2nd April at London. Liverpool and Bristol: New Zealand and Australian 101,800 crates (last year 144,250 crates); Canadian 17.000 boxes (30,800 boxes).

The board has also received (he following market report from its agents in Canada:—

Butter.—New York 45.1 cents (1 lOJd); .Montreal 30J cent's (Is 7 : ;d) 'Frisco 40 cents (Is Hd).

Owing to :m error in transmission of our cable, our circular Inst week gave the butter in store as fiiiO tons. This should have read 6660 tons.

THE MEAT MARKET PRODUCERS' BOARD REPORT The Xew Zealand .Meal Producers" Hoard lias received liie foil..wing en bio from its London olliee, dated nth April. 1928. advising Smitlilield delivered prices :it that dale as follows (prices for tin- two previous weeks arc also shown):

Xew Zealand wethers and maidens: Canterbury i|ii.*ility, selected brands, oil/under (V;d per lb ((ijd. 7id): r>7/'.!l oid( 6j>d. 6£dj; 65/72 ojd (5Jd. sgdJ; other brands nfS/midor .(ijjd (<i : ;d. 7d): 57/64 s'd (Gd. 6-jd): G5'72 s£d, (s|d, 51cl). Xew Zealand ewes: fit/under r>i,ll (f»'d, not fpioted). Xew Zealand lambs: Canterbury qunlitv, 3(>/undcr !P,d (it'd, !>Jd)': 37/42 s]d (SJd, !)d); 43/."i() B]d (B.jd. Svd): seconds S'd (Sid. Sid); selected brands, 30/uuder ».]il (!»d, Did): 37/42 Sid (S»d. fld): other brands, first qualitv. 3<»/uiidcr S : ;d (83d. Bj*d); 37/42'8{d (B.}d, S.Jd); second qualitv, '.W/'.VI average Bjjd (H.]d, Bjd).

Australian lambs: Victorian, firs I quality. 3(i/under Sd (Sil. Nd); 37/42 (not quoted) . Argentine lambs, first quality, Mfi/under Sd (<Sd. K.]d): 37/4-2 ■Sd (.Sd. S.Jd). Xew Zealand heef, ox fores. 3.1(1 (31(1, 3.1(1): ox hinds. 4gd (Lid. 4jjd); cow fores, 3J<l (3jd, 3Jd); cow hinds. Id (Id. Id). Argentine chilled beef, ox fores. :;<d (4d. 4id); ox hinds, 7d (fi«d, (»Jd). Argentine frozen beef, ox fores, Id (4d, Id): ox hinds, figd (.">jd. "»]d). Frozen pork: Porkers. fifi/SOlbs, 7d (7d. 7(1); 81/{Wilts, (i.'.d (fi'd. li.'.d): 100/1201bs. fi.UI Ui.'.d. ii.'.d): baeoners, 121.'1801bs. 63d (6|d. 62 rt). Frozen veal: Xot quoted. Lamb: Market firmer with hot lor prices.

Mutton: Market easier owing to heavier supplies. Frozen pork: There has been a better demand for frozen pork 80/1201bs, but prices unchanged.