THE LONDON MARKETS.

New Zealand Herald, Volume LXVIII, Issue 20959, 24 August 1931, Page 5

THE LONDON MARKETS.

FROZEN MEAT.

RISE IN QUOTATIONS.

(Received August 23, 5.5 p.m.), LONDON. August 22

The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market and/or ex London stores. They are compiled by 'the Quotations Committee, Smithfield.

To arrive at tlie equivalent ex ship values, one farthing per pound should be deducted h'om the prices quoted below. Quotations given represent the average for the week and ore not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North * Island selected crossbred wethers and maiden ewes, 481b. to 561b., sjfd; 571b. lo 641b., 4|cl; 651b. to 721b., 4£d; North Island crossbred wethers and maiden ewes, 481b. to 561b., sd; 571b. to 641b., 4*d; 651b. to 721b., 4fd; ewes, under 481b., 4|d; 481b. to 641b., 3|d; 651b. to 721b., 3gd. Australian Sheep.—First quality crossbreds and/or Merino wethers, 401b. to 651b., 4£d; 301b. to 551b., 4'id; ewes, 301b. to 551b., 4d.

Argentine Sheep.—First quality crossbred wethers, 481b. to 641b., 4|d; 651b. to 721b., 4£d ; over 721b., none offering. • Patagonian Sheep.—Wethers and/or maiden ewes, under 501b., 4Jd; 501b. to 60!b., 4§d; ewes, 401b. to 501b., 4d. New Zealand Lambs.—Canterbury, 361b. and under, 7|d; 371b. to 421b., 7|d; 431b. to 501b., 6£d; second quality, average 301b., 7|d; other South Island brands, 361b. and under, 7|d; 371b. to 421b., 431b. to 501b., 6|d; selected North Island brands, including Downs, 361b. and under, B|d; 371b. to 421b., 7|d; 431b. to 501b., 6|d; second quality, average 301b., 7gd; other North Island brands, first quality, 361b. and under, 7fd; 371b. to 421b., 7Jd; second quality, average 301b., 7|d. Australian Lambs.—Victorian, first quality, 361b. and under, 6|d; 371b. to 421b., 6|{d; v other States, first quality, 361b. and under, 6|d;, 371b. to 421b., 6|d; Victorian, second quality, 361b. and under, 6£d; other States, second quality, 361b. and under, 6Jd; all States, third quality, 6§d. Argentine Lambs.—First quality, 361b. and under, 7d; 371b. to 4211)., 6|d; second qualify, average 301b., 7d. Uruguayan Lambs. —First quality, 361b. and under, 7^d; second quality, 371b. to 421b., 7d; third quality, average 301b., 7{d. New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., other sorts, 2|d. Australian Frozen Beef.—Ox crops, under 1001b., 2J-d; over 1001b., 2gd; ox hinds, under 1601b., 3gd; over 1601b., 3Jd. Argentine Chilled Beef. —Ox fores, 1601b. to 2201b., 3§d; ox hinds, 1501b. to 2201b., 7^d. New Zealand Tigs.—First quality, 601b. to 1001b., average 901b., 6gd; 1011b. to 1201b., s§d. Australian Pigs.—First quality, 601b. to 1001b., average 901b., s|d; 1011b. to 1201b., sgd. All other sorts aro unchanged. COTTON, RUBBER, JUTE, ETC. (Last week's prices in parentheses.) Cotton.—September delivery, 3.56 d (3.73 d) per lb. Rubber.—Para, (4d) per lb.; plantation and smoked, 2gd (27-16 d) per lb. Jute*—August-September shipments, £ls 15s (£ls 12s 6d) per ton. Copra.—August-September shipments, nominal, South Sea, £ll 2s 6d (£ll 7s 6d) per ton; plantation, Rabaul, £ll 7s 6d (£ll 10s) per ton. Linseed Oil.—£ls 10s (£l6) per ton. Turpentine.—47s (475) per cwt. WHEAT. Wheat cargoes are steadier with the continued adverse weather, and sellers aro inclined to raise quotations, but trading is less active on heavy Russian shipments. Ex King John 18s 10|d. Parcels are firmly held for 6d advance in Cana-, dians, and consequently Europeans are more interested in the cheaper Australian offers. Ex Port Darwin, 19s 4-£ d; ex Observer, 18s to 19s. Futures : London, September, 17s 6d a quarter; December, 18s 3d; February, 18s lid. Liverpool: October, 3s ll|d a cental, December, 4s Id; March, 4s 3 7-8 d; May 4s 6 l-Bd. The Bank of New Zealand has received the following advice from its London office as at the close of business last week:— Wethers: The market is firm, but there is little business doing. Ewes: The market is firm. Lambs: There is a good demand —smaller supplies have caused prices to harden. Wethers, light, 4|d to s|d a lb.; heavy, 3fd to 4£d; ewes, to 4£d ; lambs, twos, to 7|d; eights, to 7|d; fours, 6|d to 7d; seconds, 7d to 7^d. NEW PRIVATE COMPANY.

The following private company has been registered in Auckland :—Flax Industries, Limited, flax planters, etc. Capital, £ISOO, in 1500 £1 shares. Subscribers: W. Griffiths, 500 shares; Mary Long, 300; P. B. Morris, 200; 11. M. Frost, E. T. Frost, A. IT. Long and G. Shand, 100; G. R. Walton and F. R. Tracey, 50 shares.