THE LONDON MARKETS.

New Zealand Herald, Volume LXV, Issue 19957, 28 May 1928, Page 7

THE LONDON MARKETS.

FROZEN MEAT. Australian and N.Z. Press Association. (Received May 27, 5.5 p.m.) LONDON. May 2P. Sheep. Canterbury, liglfri. 7£d; medium, 7d; heavy, 6£d. Norili Island, light, medium, 6|d; heavy, 6£d. New Zealand ewes, 5 5-Bd. Argentine, medium, 5 5-8 d; heavy, s£d. Lambs.—Canterbury. light, medium, o£d j heavy, 9 l-8d; seconds, Bgd; other selecteds, light, 10 7-8 d; medium, 9Jd. North Island, first, light, 9Jd; medium, 9gd; seconds,' 9 5 Bd. Australian, seconds, Victorian, 8 7-8 d; others, B|d; thirds, Bjd. Argentine, firsts, medium, 8d; seconds, Bd. Patagonian, firsts, B|d; seconds, 8 3 Bd. Frozen Beef.—New Zealand fores, 4d; hinds, 53d. - Chilled Beef.—Argentine, fores, hinds, 7id; others unchanged. COTTON, RUBBER, HEMP, ETC. (Last week's prices in parentheses.) Cotton.—June delivery, 10.94 d per lb. Rubber,—Para, 10|d (10jd) per lb.; plantation and smoked, 9]d (8 5-8 d). Jute.—May-June shipments, £33 (£33) per ton. Hemp.—May-July shipments, £32 (£32) per ton. Copra.—May-June shipments, £26 15s (£26 15s) per ton. Linseed Oil.—£3l 10s (£3l 10s) per ton. Turpentine.—39s 6d (39s 6d) per cwt. WAR OFFICE CONTRACT. FROZEN MEAT FROM DOMINION. Australian and N.Z. Press Association. LONDON. May 25. Australia obtained almost the whole of the War Office contract for frozen beef and mutton for the Home Command. Now Zealand obtained the balance. LONDON MEAT MARKET. PRICES AT SMITHFIELD, The New Zealand Meat producers' Board has received the following , cablegram from its London office, dated May 25, advising Smithfield delivered prices averaged for the week ended at that date as follows; — New Zealand Wethers and Maidens.— Canterbury quality, selected brands, 561b. and under, 7£d per lb.; 571b. to 641b., 7d; 651b. to 721b., 6J,d; other brands. sblb. and under, 7|d; 571b. to 641b., 651b. to 721b., 6-jjd. New Zealand Ewes.—64lb. and under, 5 5-Bd. New Zealand Lambs.—Canterbury quality, 361b. and under, 10^d; 371 b. to 421b., 9|d; 431b. to 501b., 9 l-8d; seconds, 9§d; selected brands, 361b. and under, 10 l-8d; 371 h. to 421b., 9|d. Other brands, first duality. 361b. and under. 9sd; 371b. to 421b.,. 9J,d; second quality, 301b. to 321b., average, 9 5-Bd. Argentine Lambs.—First quality, 361b. and under, BJd; 371b. to 421b., Bd. New Zealand Beef.—Ox fores, 4d; hinds, s|d; cow fores, 3|d; hinds, 4fd. Argentine Chilled Beef.—Ox fores, hinds, 7£d. Argentina Frozen Beef.—Ox fores, a 1 8d " Frozen Pork.—Porkers, 601 hto 801b., 7-id; 811b. to 991b.. 6§d: 1001b. to 1201b.. 6§d; baconers. 1211b. to 1801b., 7d. ' Lamb Market—Strong. Demand is good. Mutton Market.—Very firm, with good consumption. ' ' ' • Boef Market.-—More inquiry, owing to higher prices ruling for Argentine chilled beef. WORLD WHEAT POOL. COMING MEETING IN CANADA. Australian and N.Z. Press Association. (Received May 27, 5.5 p.m.) WINNIPEG. May 26. Wheat producers representing nine countries, including Australia and New Zealand, have signified their intention of attending a meeting of the members of the world wheat pool at Regina on June 6. " Co-operation under the Southern Cross' is the title of an address to be given by Mr. Charles Judd, of the Victoria wheat pool. EXPORT CREDITS SCHEME. INQUIRY INTO SYSTEM. British Wireless. RUGBY. May 25. The future of the credits scheme, under which no now business can be accepted after September of next year unless Parliament should in the meantime decide otherwise, is likely to be considered by a departmental committee. Applications for credits under the scheme have increased so greatly that the question whether the voluntary advisory committee should be relieved of some of its duties is likely to be considered, as well as the whole question whether the export credits scheme would not now be carried out satisfactorily by private enterprise. It is anticipated that the committee will include representatives of the business, banking, and insurance interests that have made use of the system. DAIRY PRODUCE PRICES. LONDON MARKET QUIET. W. G. Paviour Smith has been advised as follows by his London principals, the Anglo-Continental Produce Company, under date, May 25:—Butter, 168s; market quiet. Cheese, 96s to 975; market quiet. A. H. Turnbull and Company have received the following cablegram from W. Weddel and Company, Limited, London, dated May 25:—Butter: Danish, 171s to 1725; New Zealand, nnsalted, 168s to 1765; salted, 166s to 170s; market quiet. Cheese: New Zealand. white and coloured, 96s to 975, market steady; Canadian, white, 112s to 114s; coloured, 108s to 110s. Leonard and Son, Limited, received a cablegram from A. C. Rowson, London, stating the butter market is slow at 168s. The cheese market is also slow at 965. The New York market price is 44£ cents per lb. (equivalent to Is 2§d, f.0.b., New Zealand ports). CHICAGO WHEAT MARKET. Australian and N.Z. Press Association, (Received May 27, 5.5 p.m.) CHICAGO, May 26. Wheat.—May, 1 dollar, cents per bushel; July, 1 dollar 50g cents; September, 1 dollar 51 cents. PRICES AT HOROTIU. The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, report:—We held a clearing sale on Friday in conjunction with Messrs. Dalgety and Company, at Horotiu. on account of Mr. Geo. Hall, when there was a large attendance. All live and dead stock sold under good competition. The Shorthorn dairy herd was in splendid condition and prices ranged from £7 10s to £ll 15a: 2-year-old Shorthorn heifers in calf made £6 10s to .£8 15s; yearling Shorthorn heifers, £2 6a; fat cows, £9 2s 6d; forward cows, £6 10s; porkers. £1 17s; breeding sows, £2 10s to £3 7s 6d: sows and litters, £4 2s 6d to £4 15s; implements and sundries at satisfactory prices.