COMMERCIAL.

New Zealand Herald, Volume LX, Issue 18566, 26 November 1923, Page 7

COMMERCIAL.

THE LONDON MARKETS, Australian and N.Z. Cable Association. (Reed. 4.5 p.m.) LONDON, Not. 24. FROZEN MEAT. Sheep.—Patagonian, ewes, Gd. Frozen Beef.—Argentine, fores Old, hinds 43d; others unchanged. • COTTON, RUBBER, COPRA. ETC. (hunt week's prices in parentheses.) Cotton.—December, 20.25 d c20.24d). Rubber.—Para. 12Jd (12jd); plantation and smoked, 14Jd (■■> J4Jd (same). Jute.—November-December, .£25 5s (£24). Copra.—December-January, £27 J-8 (£27 as). Linseed Oil.— £43 5s (£42 ss). Turpentine.—£3 12s Gd (£3 13a 3d). PRICKS OF METALS. Copper.—On spot, £60 133 9d; forward, £61 8s 9d Lead.—£3o 10s and £28 ss. Spelter. £32 13* 9d and £33 Is 3d. • Tin.— £223 2s 6d and £223 12s fid. Silver.— 8 15-lGd per oz standard.

FROZEN MEAT MARKET. PRICES AT SMITHFIELD. fBY TELEGRAPH. — PRESS ASSOCIATION.] WELLINGTON. Saturday. The New Zealand Meat Producers' Board has received a. cablegram from its London office, dated November 23; advising that the Smithfield "delivered" prices at that date wei'd as follow :— New Zealand wethers and maidens: Canterbury quality, selected brands, 561b and under fid per lb; 571b to 641b, 7jd 651b to 721b, 73d. Other brands, BClb and und'ar, 7Jd; 571b to G4lb, 7Jd: Gslb to 721b, 7id. New Zealand ewes: 641b and under, 6|d. New Zealand lamb: Canterbury quality, 361b and under, Hid; 371b to 421b, 10Jd • 4<3lb to 501b, 9Jd; seconds, ]0d; selected brands, 361b and under, 10Jd: 87lb to 421b, 10td; other brands, first quality, 421b. and under, 9jd; seconds, 9Jd. New Zealand beef: Ox fores, _ 3jd: ox hinds. 4}d: cow fores, 2}d : cow hinds, 3Jd. Argentine.—Chilled beef: Or fores, 3!d: ok hinds, 5Jd. Argentine frozen beef: Ox fores, 3Jd; ox. hinds. 4«d. Frozen pork: Under 1001b. 7Jd: 1201b to 1801b, 7id. , . . The lamb and wether mutton market is quiet, but firm. Supplies arc sufficient to meet demands. The ewe mutton prices, show a firmer tendency. The beof. market is depressed owing to heavy arrivals from the Argentine.

M. A. Elliott, Ltd.. of Falmerston North, have received cable advice from Gilbert Anderson and Co.. Ltd.. London, of the following Smithtield prices for the past week ended November 23 (these prices are on the "delivered" basis, that is including storage charges cartage, etc.): Ordinary North Island lambs, under «21b. lOd, second quality, 9|d • best None Island wethers and/or maiden ewes, 481b to 561b B}d. 561b to 641b 7Jd. G4ltr to 721b 7{d: ordinary North Island wethers and/or maiden owes, 4«lb to 561b 7Jd. 561b to 641b 7id. 641b to 721b 7<d; North Island ewes, under 641b 65 d. 641b to 721b 6d. over 7?. s}d; New Zealand prime ox beef (equal forea and hinds). 1601b to 2201b. 3id. Remarks.Best lamb, no quote; ordinary l<anib, no change; wethers, par to }d higher; ewes. id to id' higher; beef, id lower.

COMING SEASON'S WHEAT.

SHORT YIELD EXP; -TED. Wheat crop* in Canterbury generally are looking healthy, hut September-sown fields are very short and urgently require a Born 1 downpour of rain to offset the effects of the winds and to hasten growth. Earlier in the season the conditions were quite favourable for good yields from spring-sown crops, as the soil (had a great reserve of moisture, and normal weather conditions only were required to ensure good results. However. uhe dry month has made li«ht land crops very backward for such an advanced period of the season. Should prosent conditions continue much longer,, the eiops will be very short and the yields light. . . Viewing the prospects at present in the lirfht of Hhe 6tati»tio>-n'fl figures it would appear that the court-:y is in for a wheat rhortage. The official estimated area thi.-* year is 185,000 acres; last year the actual area harvested was 5:76,956 acres. The full yield from last year's estimate has not yet been handled, and possibly there are sti'l seme southern-grown stacks to thresh, although it is natural to suppose that little would be left in stack. There is one aspect of the statistician's figures, however, that should not be overlooked. The returns were collected when sowing on account of the broken weather was at a standstill, and when many farmers were faced with the necessity of substituting eome other crop. However, the subsequent improvement of tihe weather and the wu*ly circulated Teports that the autumn-gown area was , alarmingly small, stimulated spring-sowing to a degree not expected when the official returns were made. The extent to which this factor may increase the final area cannot be estimated, but even if it brought the figures to 210,000 or 215,000 acres from the 185,000 estimated, a fairly substantial shortage seems unavoidable.

DAIRY PRODUCE PRICES. A. H. Turnbull and Co. are in receipt of a cablegram from W. Weddel and Co., Ltd., London, dated November 24, regarding the dairy produce market, as follows: Butter.—Danish. 2169 to 218 a; New Zealand, unsalted 2165, salted 206s to 210s. MarCheese.—New Zealand, white 108s to 110s, coloured 110s to 112s. Market quiet.

SALE OF PEDIGREE COWS. The New Zealand Loan and Mercantile Agency Co., Ltd., Hamilton, report:—We held a clearing Hale last week on account ■>f Mr. F. J. Tattlgy, of his herd of pedigree and grade cows. etc. There was a good attendance, and steady competition for all lots and most satisfactory figures were obtained. The pedigree cows sold as follows :—"Dewberry Queen,'' 28gns; "Almadale Buttercup,' 1 34gns; "Bilberry of Sherwood," 37gns; "Sherwood Cresendo," 31gns; "Engdale Miss Pert," 58gns; "Engdale Lady Prime," 26gn3; yearling heifer "Awarika," 36gne; heifer calves by " Distinction Twylish," " Almadale Buttercup," 22gns; "Farleigh Knight," "Sherwood Cresendo.'" 22pns; "Alfalfa Eminence," "Engdale Lady Prim," 33gns: "Farleigh Knigdit," "Engdale Miss Pert." 30gns: four-year-old bull "Farleigh Knifbt." 17gns; bull calf by "Farleigh Knight," "Bilberry of Sherwood," llgns; grade cows in milk, £14 10s to £27.