THE LONDON MARKETS.

New Zealand Herald, Volume LXV, Issue 20137, 24 December 1928, Page 7

THE LONDON MARKETS.

FROZEN MEAT.

Australian and N.Z. Press Association. (Received December 23, 6.5 p.m.) LONDON, Dec. 22. Sheep.—Canterbury light, 6|d ; medium, 6j)d ; heavy, 6jd ; North Island light, 64C1; medium, G^tl; heavy, Gil; New Zealand ewes, 4gd; Australian firsts, 4gd; ewes, 4|>d. Lambs.—Canterbury seconds, 7j|d; North Island seconds, 7 4d; Victorian firsts, 8fld; seconds, 7£d; Argentine seconds, 6^l. Frozen lieef.—N'cw Zealand fores nre not being offered; Australian crops, 4 3-16 d. Chilled Reef.—Argentine fores, hinds, 7]d. Others unchanged. COTTON, IUJBRER, HEMP, ETC. (Last week's prices in parentheses.) C'otton.—.laiiuarv delivery, 10.31 cl (10.49.1). Rubber. —Para, plantation and smoked, 8 9-lGd (8.U1). Jute.—December-Jan nary shipments, £32 (£32 ss) per (on. llemp.—December-February shipments, £36 10s per tun. Copra.—January-February shipments, £23 7s (id ; December-January, £24 10s per ton. Linseed 0i1.—£29 5s (£3O 15s) per ton. Turpentine.—47s 6d (475) per cwt. WHEAT. Wheat.— (Virgoes are firmly held. Sellers are asking an advance of LUI. Parcels are inactive. Liverpool futures: Decembei' delivery, 8s lljjd per cental; March, 9s 2.1; May, 9s 3,1.1; July, 9s 4Jd. DAIRY PRODUCE PRICES. LONDN MARKET VALUES. A. H. Turn I mil and (."onipany have received the following cablegram from W. Wecldel and Company, Limited, London, dated December 21:—Butter: Danish, 210s to 2125; New Zealand, uusalted, 196s to 198s; salted, 182s to 186s; market steady, (,'heese: New Zealand, white, 97s to 98s; coloured. 99s to 100s; market epiiet ; Canadian, white, 110s to 112s; coloured, 108s to 112s. PRODUCE BOARD'S REPORT. [r>Y TEI.EIittAPII. —OWN CORItF-SrONDENT. ] WELLINGTON. Sunday. The New Zealand Dairy Produce Board has received the following market report from its ljondon olhce dated December 21 Pititter.—New Zealand : Salted, 182s to 186s; unsalted, 196s to 198s; first, whey, 1765; second whey, 1725. Deliveries New ZeAvivl this week, 1600 tons. [ll store2loo t out,.. Australian; Finest, salted, 182s to 184s; j/)salterl, 184s to 188s. Argentine: Finest unsalted, 178s to 180s, up to 184s Danish: F.0.b., 200s; spot, 210s to 2125. Dutch; Unsalted, 214s to 2165; Siberian, 1345. Polish: Unsalted, 170s to 1745; salted. 164s to 1665. Market steady. Danish retail price increased to 2s Id. New Zealand retail price unchanged at Is iod. Cheese.—-New Zealand: While, 97s to 98s: coloured, 99s to 100s. Deliveries New Zealand this week, 17.500 crates. In store, 19.500 crates. Canadian: White, 110s to 112s: coloured, 108s to 112s. Australian: White, 95s to 975; coloured. 96s to 90s. English: Finest, farmers, 140s to 1425. Market quiet. Retail prices unchanged. No shipments arrived during the week. The board has also received the following advice from its agents in ( antida Butter: New York, cents (2s Montreal, 40,J cents (Is Bj,d). LONDON MEAT MARKET. PRICES' AT SMITH FIELD. [ill' TEl.EUllAl'ir. —OW.V CUT!RESPONDENT. J WELLINGTON, Sunday, 'i'he New Zealand Meat Producers' Board has received the following cablegram from its London of lire, dated December 21, advising Smithfield delivered prices averaged for the week ending that date as follows: New Zealand Wethers nnd Maidens. Canterbury quality; selected brands. ,%lb. and under. 6'Jcl pel* lb. : 571b. to 641b., 6„d : 651b. to 721b., 6^1 :_ other bran-Is. 561b. and under, 6, ! , d; 571b. to 641b.. 6i.1; 651b. t.» 7211,.. 6d. New Zealand Ewes.—64lb. and under, 4jjd. New Zealand Lttiubs.—Canterbury qu-d itv, 361b. and tinder, Ojjd ; 371b. to 4211>., Oil: 431b. to 50!b.. seconds, selected brands, 361b. and under. 9jd : 371b. to 421b., fljjd: other brands, second quality, 30 32 average, 7,[.L Australian Lambs.—\ ictoriaii. first qualitv. 361b. and under, OJd : 371b. to 421b;, *B^.l. Argentine Lambs.—First quality. 361b. an.! under. 7®d: 371 b. to 421b., 7jd. New Zyiilaud Beef.—Ox hinds, sd; cow fores, 3J.1; hinds. 4^d. .•\rgent ine ('hilled Beef.—Ox fores, 4,jd ; hinds, 7^(l. New Zealand Pork.—Porkers. 611b. to 991b., 6J..1; 1001b. to 1201b., 6.Sd; l.acouers. 1211b. to 1801b., 7d. There was the usual small demand for frozen meat of all descriptions owing to Christmas. Lamb. Market quiet nnd trade slow. Mutton.—There is a better tone, prevailing on thu market, with increased prices. New Zealand Porker Pigs.—There has been a better demand with improved prices. New Zealand Bneoner Pigs.—Stocks exhausted. Nominal price. PRICES OF STOCK FOR EXPORT. The New Zealand Meat Producers' Board advises that tho following prices were being offered for fat stock for export jit December 20:— Iliiwko's Bay,— Prime woolly lambs. 361b. and under, 10(1 ; 371b. to 421b., 9J,d ; 431b. and over. 9d ; second quality lambs, 9d. Wellington. Prtnio woollv lambs, 361b. and under. 10.1: 371 b. to 421b., 9'd; 431b. and over, 9.1; second quality lambs. 9.1. Canterbury. Prime woolly lambs, 361b. and under, lO^il; 371b. to 421b., 10(1: 431b. and over, 9-J.d; second quality lambs, 9^(l. LIFE INSURANCE. THE NATIONAL MUTUAL. Mr. F. W. Nicholson, manager for New Zealand of the National Mutual Life. Association of Australasia, Limited, has received the following cable messago from the head ulfko in Melbourne:— "The fifty-ninth annual general meeting of members was held on December If), 1928 The new business for tho yenr was exceptionally satisfactory, 20,728 new policies having been issued for £9,807,845 —1111 increase of £573,132 over ] the previous year's total. The total in- | como for the year was £4,930.596 —an increase, of £551,798. The very large amount of £2.441.176 14s 3d was added to the assurance fund, which amounted lo £29.147,329 18s 6d. The amount payable to policy-holders or their representatives during the year was .C 2.750.058 7s 4d. The rate of interest earned on the men 11 funds was A's 10s lid. The ratio of expenses continues to show a, material decrease. Members may expect tu receive, their bonus certificates on or before March 1, 1929." This is a particularly satisfactory report, and the members have every reason to bo well satisfied with the wonderful progress the asswuation is making.