COMMERCIAL

Nelson Evening Mail, Volume LXX, 11 March 1936, Page 8

COMMERCIAL

BRADFORD TOPS (United Press Association—By Electric Telegraph—Copyright) LONDON, 9th March. The market for Bradford tops and yarns is exceedingly firm. Users made strenuous efforts to cover themselves before the opening of the London, wool sales, at. which Bradford values are expected to lie confirmed. WHEAT MARKETS LONDON, 9th March. Developments in the European political situation caused sellers of wheat cargoes of Canadian and Australian descriptions to raise their limits 6d to 9d. Buyers were unresponsive. Parcels closed firm. Futures, London, March 29s 6J,d per quarter; July, 29s 9d. Liverpool, March, 6s OJd per cental; May, 6s 2 l-8d; Ally, 6s 4cl AMFRICAN WHEAT CHICAGO, 9th March. Forward prices for wheat: May. 99 cents; July, 89; September, 88 PRICE OF IIN NEW YORK. 9th March Price of tin. spot, 48.30 cents per lb NEW ZEALAND LAMB In regard to prices for New Zealand lamb delivered to Smithfield Market, the New Zealand Meat Producers’ Board supplied a table, giving equivalent New Zealand parities after deducting all costs, including selling commission, interest, and one month’s storage in London. The costing is calculated from the point of view of a farmer shipping on his own account. It is based on to-day’s estimated skin values and includes exchange at current rates. The basis of calculation is a prime woolly lamb weighing, say, 341 b delivered at freezing works:—lf price delivered to Smithfield market is 8d per lb, New Zealand “overall” parity delivered at works is (approximately) 9d per lh; 7-|d is equivalent to 8.70 d per lb; 7£d 8.40 d per lb ; 7jd, B.lod per lb; 7d, 7.80 d per lb. _ In tlie above estimate the cost of killing, freezing and placing on board steamer is based on a charge of .52d per lb.