THE LONDON MARKETS.

New Zealand Herald, Volume LXIV, Issue 19799, 21 November 1927, Page 7

THE LONDON MARKETS.

FROZEN MEAT. (Received November 20, 5.5 p.m.) A. and N.Z. LONDON. Nov. 19. Sheep.—Canterbury, medium, 6d'; heavy, 5 5-8 d; North Island, medium, 5 5-8 d; heavy, 5 3-Bd. Lambs.—Canterbury, medium, 9 5-8 d ; heavy, 9d; seconds, 8 5-8 d; Australian, seconds, Victorian, 7>Jd; other States, 7£d; thirds, 7£d. Argentine, firsts, light, 7|d; medium, 7-Jd; seconds, 7d. Frozen Beef.—Australian, hinds, 5 l-16d ; Argentine, hinds, 5 7-Bd. Chilled Beef.—Argentine, fores, 4^<l; hinds, 5 5-8 d; other meats, unchanged. COTTON, RUBBER, HEMP, ETC. (Last week's prices in parentheses.) Cotton. —December delivery, 10.43 d (11.22 d) per lb. Rubber.—Fine, Para, 15d (14£ d) per lb.; plantation and smoked 18id (l?id). Jute. —N ovem ber- Decern ber shipments, £3O (£3O ss, Dedbmber) per ton. Hemp.—January-March shipments, £34 (November-December £34) per ton. Copra.—November-December shipments, £27 (£2B 7s 6d) per ton. Linseed 0i1.—£29 10s (£29 15s) per ton. Turpentine.—3ss 9d (365) per cwt. EGG MARKET. The Jarvis Bay's Australian eggs carried splendidly. The market is firm 'at 17s to 235; exceptionally good lots, 245. PRICE OF POUND STERLING. FURTHER RISE IN NEW YORK. (.Received November 20, 5.5 p.m.) A. and N.Z. ( NEW YORK, Nov. 19. On tho StocK Exchange to-day the price of sterling cable transfers advanced to 4 dollars 87 13-16 c nts, the highest since 1914. There was an extremely heavy turnover. The demand originated chiefly in London. The belief that gold wiil shortly be moved from New York to London has been strengthened. NAVAL MEAT CONTRACT. SUPPLIES FROM DOMINIONS. (Received November 19, 5.5 p.m.) A and N.Z. LONDON, Nov. 18. Messrs. Borthwick and Company have obtained upwards of 96 per cent, of the Navy meat contract for Mediterranean ports. The firm says it does not anticipate any difficulty in commanding adequate supplies. The contract permits of Australian or New Zealand meat. If it should run short of one supply, it will use the other. A.P. A. ASSOCIATION. SETTLEMENT OF DISPUTE. Particulars ot the amicable settlement of all matters in dispute • between the directorate of the Australian Provincial Assurance Association, Ltd., and the Defence Committee, 'which represented a section of the dtaareholders, are advertised in this issue. A conjoint circular issued by the chajrman of directors, Mr. Edmund S. Paul, and the chairman of the Defence Committee. Mr. .7, A. Boyd, states the terms of the settlement, the decision to support Mr Paul and to discontinue all legal proceedings. OLYMPIA MOTOR SHOW. CHARCOAL GAS AS FUEL. A. and N.Z. LONDON, Nov. 18. The High Commissioner for New Zealand. Sir James Parr, speaking at the Commercial Motor Vehicles Exhibition lunch at Olvmpia. expressed the opinion that six-wheeler cars would save 33 per cent of road wear. A new hope had been aroused in propulsion by gas derived from charcoal and cow manure. Sir James reiterated that attention to Dominion needs would reduce the present exnendituro of £15,000.0' X) on foreign vehicles by Australia and New Zealand. THE MEAT MARKET. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated November 18, advising Smithfield delivered prices at that date as follows: New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b. and under, per lb.; 571b. to 641b., 6d;**6slb. J to 721b., 5 5-8 d; other brands, 561b. and under, 5 7-8 d; 571b. to 641b., 5 5-8 d; 651b. to 721b., 5 3-Bd. New Zealand Ewes.—64lb. and under, 4£d. New Zealand Lambs.—Canterbury quality, 361b. and under, 9 5-8 d; 371b. to 421b., 9 5-8 d; 431b. to 501b., 9d; seconds, 8 5-8 d: selected brands, 36}b. and under, 9J,d; other brands, first quality. 361b. and under, 9;Vd; 371b. to 421b., 9 l-8d; second quality, 301b. to 321b. average, 8 5-Bd. Argentine Lamb.—First quality, 361b. anil under, 7§cl: 371b. to 421b,. 7|d. New Zealand Beef.—Ox, fores. 3Jd; hinds. s*d. ' Argentine Chilled Beef.—Ox, fores, 4jd; hinds. 6 5-Bd. ■ Argentine Frozen Beef.—Ox, fores, 4d : hinds, 5 7-fld. Frozen Poi'k. —801b. to 1201b., B^d; 12D]h. to 1801b., 6Ad. Lamb Market.—First finality is firm, stocks strongly held. Secondary lamb is weaker owing, to heavy supplies of Homeki"»d meat Mutton Market. —Market is well supnlierl with wethers: market for e«'es is firm, but there is little business. CJener.nllv the market- has ' m en with all descriptions of TTome-kiPed meat. CO-OPFRATIVE PIC MARKETING. [BY TELEGRAPH. —OWN CORRESPONDENT. | NGATEA, Saturday A scheme for the co-operative export ing of pigs was explained to a small meeting of Hauraki Plains farmers Mr. S. H. Judd, of Cambridge. Tho project met with tho commendation of the meeting, which' appointed Messrs. C. W. Schultz, W. Lawrenco, H. F. Louch, T. A. McLean, J. Darlington and E. W. Martin a committee to further its aims. PRODUCE AT PUKEKOHE. [ISY TELEGRAPH. —OWN CORRESPONDENT.] PUKEKOHE, Saturday. The Franklin Farmers' Auctioneering Co.. Ltd . Pukekohe, report that at the weekly sale at their mart yesterday, there was an average entry of young pigs, but prices showed a decline weaners Belling at lis to 10s and slips at 17s to 18s. Poultry was penned in good numbers, with chickens forming a considerable portion of the total en- ■ try. Light hens sold at Is lOd to 2s 3d each, heavier hens at 8a to 8s 10a, and chickens from 3d to Is 6d, according to age Vegetables were in good supply, and found a ready sale. Cabbages realised 4s to Cs a bag. and 2s to 6s per dozen loose; cauliflowers. 3a to 7s per dozert; lettuce, Is to 3s per dozen; green peas, 8d to 4d per lb: kumaras, -Is a sugar bag; and potatoes. 9s a sugar bag. Rhubarb sold at 8s to (is per dozen bundles, In fruit, gooseberries brought Id to Gd per lb; oranges, 2s 6d to 2s 9d per dozen; pineapples, Sd each; •nd apples, 12s to }4s a caao. A quantity of sundries wus disposed of at satisfactory price*. » .