COMMERCIAL

Nelson Evening Mail, Volume LXIV, 23 February 1931, Page 8

COMMERCIAL

FROZEN MEAT

The, New Zealand Meat Producers Board has received the following cable from its London office, dated 20th February, 1931: New season’s New Zealand Sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 48/SG, 4d; 57/04, 3fd; 05/72, 33d; North Island, 48/50, 3|d; 57/04, 3§d; 05/72, 3§d, Old season’s ewes, 48/under, 2|d; 48/04, 2RI; 05/72, 2RI. • New season’s New Zealand Lambs: Canterbury, 36/mulcr', 7j|d; 37/42, 7§d; 43/50, 73d; second quality, average 33, 6s; selected North Island brands including Downs, 30/under, 7|d; 37/42, 7 gd; 43/50, 7jd; second quality, average 31, Od; other North Island brands, first quality, 30/under, 03d; 37/42, 05d; second quality, average 31, 51 d. Australian Lambs: Victorian first quality (new season’s), 30/under, Sid; 37/42,'' 5 Jd. Argentine Lamb: First quality (new season’s), 30/under, sid; 37/42, 5Jd. Argentine Chilled Beef: Ox fores, 3*jd; ox hinds s|. Australian Frozen Beef: Ox crops, over 100, 2|d; ox hinds, over 100, 4d. New Zealand Prime Porker Pigs: 00/100, sd; 101/120, 4Jd. New’ Zealand Prime Baconer Pigs: 121/180, sd. Lamb Market: Prices easier owing to pressure to sell. Consumption excellent for time of year, but stocks all sources still too heavy. Mutton Market: Wethers still neglected ow’ing to low prices of lamb. There, is a slightly better demand for ewes at lower prices. Frozen Beef: Neglected owing to low’ prices of Argentine chilled beef. New Zealand porker pigs: No change. Market is overloaded with Australian and Home killed.

New Zealand baconer pigs: Nominal prices. !

Dalgety and Company report under date, London, 19th February: — Lamb. —N.Z. prime Canterbury lamb, 88/36 7 l-4d; North Island, 28/36 6/d ; Canterbury 36/42 7 l-4d ; North Island 6/d ; Canterbury 2nd _ quality 6/d ; North Island 2nd quality 5.k1. South Down lamb selling at a premiuht of l-4d. Market for New Zealand lamb weaker; demand limited.

Mutton. —N.Z. prime North Island mutton 48/56 33d; Canterbury 56/64, r.ot quoted; North Island 56/64 3id;

64/7,2 w 3/.d,i. owes ,48/64 2 ,3:8(1., . Market, 1 for New' Zealand mutton weaker; demand poor. Australian Lamb.—G.A.Q,. Australian lamb 28/36 5 l-4d; 36/42 5 l-4d; F.A.Q. 28/36 4|d; 3rd 4 3-Bd. Market for Australian lamb weaker; demand limited. Australian Mutton. —G.A.Q. Australian mutton, 40/60 2jjd; F.A.Q. 30/55 23d; Australian ewes 2 l-4d. Market for Australian mutton weaker; demand poor. Beef: N.Z. prime ox beef hinds 3/d; fores 3d; Argentine chilled hinds 5/d; fores 4d. Market for New Zealand beef nominal; demand nil. Pork.—English Porkers, 80/100 9d ; N.Z. porkers 80/100 sd; 100/120 4LI. Market for N.Z. pork weaker; demand poor.

DAIRY PRODUCE The New Zealand Dairy Produce Board has received the following market report from its London Office dated 20th February, 1931: Butter. —New Zealand salted 121 s to 124 s (120 s to 1245); unsalted 120 s to 130 s (124 s to 128 s); first whey 110 s (118 s); second wlicy 114 s (110 s). Deliveries New Zealand this w'cck, 2400 tons; in store 4800 tons. Australian salted 120 s to 1225, ex 123 s (118 s to 1225); unsalted 122 sto 120 s. Deliveries Australian, 1825 tons; in store, 1075 tons. Price steadier. Demand less active. New' Zealand retail price unchanged Is 3d. Argentine unsalted 120 s to 120 s (110 s to 120 s), market slow’. Danish 141 s f.0.b., 148 s to 150 s spot (150 s, 152 s to 158 s), market slow, retail price increased to Is Od. Dutch unsalted 152 s to 1545, market slow (150 s to 1525). Cheese.—New Zealand white 50s to 58s (55s to 58s); coloured 58s, 595, ex 00s (50s to 58s). Deliveries New Zealand this week, 23,000 crates; in store 107.000 Jerates, includes 5000 crates Rotorua. Market steadier. Retail price unchanged Od. Australian white 58s; coloured 50s to 595. Canadian white and coloured 74s to 78s (74s to 795). Market quiet. Deliveries Canadian 4387 boxes, in store 103,449 boxes. English finest farmers 100 s to 100 s (same).

Messrs Samuel Page and Soil report under date of 19lh instant : Buter.—Market steady but quiet. Danish 150 s to 154 s (150 s to 1525); New Zealand finest salted 181 s to 123 s (120 s to 1225); Australian finest unsalted 121 s to 126 s (118 s to 1225), salted 120 s to 122 s (118 s to 120 s; G.A.Q. 114 s to 118 s (112 s to 116 s). Cheese.—Market slightly easier. New Zealand white 55s to 57s (54s to 575;

co.lourcd ,57s to 595,,(54s 4o- 575).. .Spot price for Canadaian, white 72s to 78s (72s to 765); colourtd 72s to 78s (72s to 765).

WELLINGTON SKIN SALES Dalgety and Company Ltd., Wellington, report under date 20th February : The. usual fortnightly sale of sheepskins, hides, tallow and sundries, was held this afternoon at the Dominion Fanners’ Institute. We olfered a fair sized catalogue of all descriptions to the usual attendance of exporters, tanners, fell mongers and the local trade. Sbeepkins—The enquiry for all descriptions was fairly keen, and prices generally for dry skins showed an appreciation of from pi to PI; well-prepared parcels at times being PI better. Salted skins wore dull of sale, the market receding Id to 3d per skin. Hides—This market is still in a very depressed condition, due to the unsatisfactory state of the overseas market. Heavy and light weights declined }d to jjcl per lb, medium weights :}d. Some good lines of abattoir hides were offered, and elicited fair competition. Kip, yearling and calf sold on a level with last quotations. Tallow —Poor demand, prices again being lower by Is to Is Od per cwt. The following is the range of prices: Sheepskins.—Halfbred 3d to 3cl; fine crosbred 3;|d; medium 2/d to 3fd; coarse 33d; half wools 3d; quarter wools 1 :|d to 23d; pelts Id to 23d; pelts, salted, 7s to Is; quarters wools 9d to Is Id; half wools Is 3d; lambs Od to 10d.

Hides.—Ox 33/441b, 3|d to 44; 45/52, 3;|d to 43d; 53/59, 4d to 4»d; 00/09, 4d to 5Jd; 70 and over, 4/d to s£d; cow, 33/39, 3pi to 43d; 40/48, 3pl to 4pi; 49 and over, 33d to 4PI; kip, 25/32, 33d to 43d; 17/42, 2d to Gpl; yearling, 11/10. 4]d to 03d; calf, 9/10, Gpl to Old; 0/8, SPI to Sd; 1/5. 3pi to Bpl. Tallow. —In casks 15s to 17s; in tins, etc., 10s to 13s. Sundries. —Cow tails, Ski to lOd. depressed!!!™ prices

SUGGESTED INTERNATIONAL CONFERENCE (United Press Association—By Electric Telegraph—Copyright) WASHINGTON, 20tli February. The Senate silver resolution suggests that the President call an international conference to reach an agreement on the use of silver as money. The primary purpose is to seek an agreement bv which Britain will not dump silver from India on the world market, which the Senate sub-committee found to lie the greatest single factor in depressed silver prices. Tile President, is also requested to take any other action lie considered feasible to restore the price. The resolution has been drafted by the Foreign Relations Sub-Committee after nearly a year’s study of the question. The committee reported that the price of silver was one of the major causes of world depression.

CANADIAN BUTTER OTTAWA, 19th February. An Edmonton report states that for January of this year Alberta creamery butter manufacture increased 77 per cent, as compared with January of last year.

WOOL MARKET

CALL FOR CONFIDENCE (United Press Association—By Electric Telegraph—Copyright) LONDON, 21st February. A call for confidence in the wool market was made by Sir Thomas Wilford in a speech at the banquet of the British Wool Federation at Bradford, lie said the warehouses were empty only because the West Riding of Yorkshire lacked confidence and bought only from clay to day. Prices could not possibly get lower. Trade was waiting. Had not the time arrived to give a clear signal that prices must move upwards? Mr Devereaux, on behalf of Australian growers, said wool values were a long way below cost of production, although graziers were using every method of reducing costs. These and other factors were having a serious result, and many growers ere long would come to the end of their resources and cease to produce. Topmakers, spinners and manufacturers could not be described as making a fortune, but there appeared to be plenty of scope to bring down retail prices on the manufactured article and thus stimulate greater consumption. Ho was of opinion that this downward tendency had started not only in England but abroad. He concluded by advocating a bolder policy in securing and holding supplies of raw wool and lops to enable immediate advantage to be taken of the improved demand.

The federation is subscribing £IOOO for Napier relief.

REGULATING TIN PRODUCTION LONDON, 21st February. In the House of Commons Dr. Drummond Shiels, replying to a question, said the Government approved of the principle of the Governments of the Malay States and Nigeria legislating to regulate the production and export of tin from Ist March.