COMMERCIAL

Nelson Evening Mail, Volume LXIV, 3 February 1930, Page 10

COMMERCIAL

LONDON MARKETS DAIRY PRODUCE Dalgety and Co., Ltd., have received the following market advice from their head oftico, London, under date of the 30th inst.:—Messrs Samuel Page and Son report:— Butter.—Market quiet, fair doniand on (lie basis oFfinest New Zealand 152; Danish 172 sto 1745; New Zealand finest salted 151 sto 1545; Australian finest unsalted 154 s to 1565, finest salted 149 s to 1525, g.a.q. 144 s to 1475. Cheese.—Market quiet. Now Zealand while 90s, coloured 88s; spot price for Canadian white 96s to 98s, coloured 96s to 98s. FROZEN MEAT Dalgety and Company report under date, London, 30th January:— Lamb. —N.Z. prime Canterbury lamb, 28/361bs. ll|d, North Island lid; Canterbury 36/42 ll|d, North Island lid; Canterbury second quality 10|d, North Island 92d; Canterbury 42/50 North Island lid. Market firm, demand continues. Mutton.—N.Z. prime Canterbury mutton 48/56, 7id, North Island 7d; Canterbury 56/64 7d, North Island 6j?d; Canterbury 64/72 63d, ewes 48/64 s|d, North Island ewes sd. Market very firm, demand moderate. Australian lamb.—G.a.q. Australian lambs, 28/36 9d, 36/42 9d, f.a.q. 28/36 7gd, 3rd 7d. Market firm, demand moderate. Australian mutton—C.a.q. Australian mutton, 40/60 sjjd, f.a.q. 30/55 s£d, Australian ewes sd. Market firm, demand fair. Beef.—N.Z. prime ox beef hinds 7d, fores sid. Market firm owing to light stocks, demand active. Argentine chilled hinds 7id, fores s£d. P°rk-—English porkers 80/100 12d, N.Z. lid. Market, any change is in favour of buyers. Demand has been checked by increased prices asked. LONDON SHEIPSKIN SALES Dalgety and Company report under date, London, 30th January :• , Attendance of buyers fair. Offered 3,358 bales; sold 2,230 bales. Australian merino 15 per cent, lower, very little sold. Australian crossbred 15 per cent. to 20 per cent, lower when sold, mostly withdrawn. Good demand for New Zeaiand best sorts. Crossbred 10 per cent, to 15 per cent, lower. For other descriptions 15 per cent, to 20 per cent ower as compared with closing rates of last series. LONDON WOOL, DAIRY PRODUCE AND TALLO VVMARKETS New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegrams from their London house under dates 21st, 22nd and 29th inst.:— Wool Sales—There was a good attendance at the opening of the sales to-day competition by Homo and Continental buyers being restricted and prices as compared with the close of preceding series ruled about 10 per cent, lower for good merino, 15 per cent, for medium merino, and 20 uer cent, for inferior merino and crossbred wool. The opening catalogues were presentative. There were considerable withdrawals Dairy Produce.— Butter: New Zealand choicest salted 155 s to 156 s per cwt. Market quiet. Cheese, white 90s per cwt coloured 87s to 88s. Market firm. lallmv.-We quote c.i.f. and e. values for the following descriptions of tal39s per cwt, good beef 38s 6d, mixed 375. Market firm sa£ 1 i ry l^ l>dUCe -~ ;Butter ' N - Z - choi( *st pi oo 4s P cr cwfc - • Market slow steady:' *'" 9h per cwfc " Market

MEAT PRODUCERS' BOARD The New Zealand Meat Producers' Board has received the following cable from its London office, dated 31st January, 1930, advising that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities 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 North Island selected, crossbred wethers and maiden ewes, 48/56 65/72 6/d; North Island crossbred wethers and maiden ewes, 48/56 7£d, 57/64 7id, 65/72 6gd; ewes, 48/64 s|d, 65/72 sd. New Zealand Lambs. —Canterbury and other South Island brands not quoted; selected North Island brands (including Downs), 36/under ll£d; other weights not quoted; other North Island brands, Ist quality, 36/under lOJd; other weights not quoted. Australian Lamb.—Victorian Ist quality, 36/under 9f d, 37/42 9|d. Argentine Lamb.—lst qualitv, 36/under BJd, 37/42 Bfd. New Zealand Beef. —Not quoted. Argentine Chilled Beef.—Ox fores sgd, hinds 7d. Australian Frozen Beef.—Ox crops, over 100, sgd, hinds, over 160, 6Jd. New Zealand Prime Porker Pigs.— 60/100 lid, 101/120 New Zealand prime baconer pigs, 121/180, 9£d. New Zealand Veal.—Not quoted. Lamb Market.—Very firm owing to small arrivals. Mutton.—Small stocks of both wethers and ewes keeping market very firm. Beef. —Good demand. Market steady. New Zealand Porker Pigs.—Market keeps firm with good trade. New Zealand Baconer Pigs.—Nominal prices. ' SYDNEY WOOL SALES (United Press Association—By Electric Telegraph—Copyright) SYDNEY, Ist February. The total amount of wool sold this week in Sydney is nearly 24,000 bales. Prices declined 10 to 15 per cent. SLUMP IN SHARES SYDNEY, Ist February. The weakness which has characterised the investment market of the Stock Exchange lately was further evidenced"% 7esterday when Barrier Mining shares were lower, and also tin and gold ventures. Taranaki Oil shares are Is down at 3s lid, and Colonial Sugar shares receded by 7s 6d lo £42 17s 6d.