THE LONDON MARKETS

New Zealand Herald, Volume LXIX, Issue 21291, 19 September 1932, Page 5

THE LONDON MARKETS

FROZEN MEAT (Received September 18, 5.5 p.m.) LONDON, Sept. 17 Tho 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 London stores. They are compiled by the Quotations Committee, Sinithfield. To arrive at the equivalent ex ship values, one farthing per pound should be deducted from the prices quoted below. Quotations given represent the average for the week and are 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, 571b. to 641b., 3£d; North Island crossbred wethers and maiden ewea, 481b. to 561b., 3|d; 571b. to 641b., 3£d; 651b. £o 721b., 3id/ Argentine Sheep.—First quality crossbred wethers, 481b. to 641b., 3 l-8d; 651b. to 721b., 2|d. Australian Lambs. —Victorian, first quality, 571b. to 421b., 3Jd; other States, first quality, 371b. to 421b., 3£d. New Zealand Frozen Beef. —Ox fores, 1601b. to 2201b., 2 l-Bd. ' Argentine Chilled Beef. —Ox hinds, 1501b. to 2201b., 6 l-Bd. Australian Pigs.—First quality, 601b. to 1001b., average 901b., 5 3-Bd. All other sorts are unchanged. COTTON, RUBBER, JUTE, ETC. (Quotations on Sept. 8 in parentheses.) Cotton. —Spot, 5.88 d (6.38 d) a lb. October delivery, 5.58 d (6.07 d). Rubber.—Para, s£d a lb.; plantation and smoked, -2 7-8 d (2.7-8 d). Jute. —September - October shipments, £l7 15s (£lB 13s 9d) a ton. Copra September-October shipments, South Sea, £l4 2s 6d (£l4 ss) a ton; plantation Rabaul, £l4 5s (£l4 7s 6d). Linseed Oil. —£18 {£lß ss) a ton. Turpentine.—64s 3d (64s 9d) a cwt.

The Bank of New Zealand has received the following report from its London office as at the close of business last week:—Wethers: Smaller supplies have caused prices to harden. Ewes: There is a fair demand. Lambs: The advance is not likely to be maintained; demand is not so good. Trade generally is slow owing to the bad weather. Quotations'.—Wethers, light, 3 3-8 dto 4d per lb.; heavy, 2fd to 3jd; ewes, 2d to 2fd; lambs, twos, 4|d to 5 3-8 d; eights, 4|d to 5 l-8d; fours, to sjd; seconds, 4 3-.Bd t0,41d. SYDNEY STOCK EXCHANGE SATURDAY'S BUSINESS SYDNEY, Sept. 17 On the Sydney Stock Exchange to-day the following sales were recorded: —Commonwealth 4 per cent bonds: 1938, £IOO 15s- 1941, £IOO 15s; 1944, £IOO 17s 6d; 1947, £99 Is 3d; 1953, £99 ss; 1955, £99 16s 3d; 1957, £IOO 2s 6d; 1959, £IOO ss; 1961, £99. £lO bonds: 1938, £10; 1959, £9 18s. Tooth's Brewery, 32s 9d; Broken Hill Proprietary, 22s l^d; Colonial Sugar, £53; Goidsbrough-Mort, 28s 3d; Wilcox and Mofflin, 6s 4d. STOCK SALES VALUES AT KAMO [FROM OUR OWN CORRESPONDENT] . WHANGAREI, Saturday The North Auckland Farmers' Co-opera tive, Limited, reports having held a success fill sale of cattle at Kamo yesterday. The at tendance was fair and the yarding was thi largest for a mid-month sale that the com pany has handled during the past year. Bid ding was very spirited throughout. Value were:—Dairy cows, close to profit, up ti £6 15s; others, £4 10s to £5 ss; dairy heifers up to £5 ss; weaner pigs, 13s 9d; mixed-se: fat hoggets. 9s 3d; fat ox. up to £7 9s; fa cows, up to £4 ss; three-year-old Shorthon steers, £2 14s to £3 ss; 15-month Shorthon steers. £1 15s; Jersey bulls, 3}gns. to 4gns. yearling Jersey heifers, up to £3 7s 6d boner cows, 103. VALUES AT TE AWAMUTU The Farmers' Co-operative Auctioneerin Company, Limited, reports having held il Te Awamutu stock sale on Thursday, whe a medium yarding of sheep came forwar< Prices remained unchanged. Only a mediui entry of beef was penned, and sold at lal rates. Store cattle tame forward in goo numbers, values for yearling heifers shov ing an easing tendency. An average yar< ing of dairy cattle met with good compet tion and all classes sold -up to late quotations. There was a full yarding of store and weaner pigs, values being firm throughout. Values were:—Fat wethers, 13s to 14s 9d; prime fat ewes, 12s to 12s 9d; heavy fat ewes, 10s to 10s Gd; medium fat hoggets, 10s to 10s 4d: light fat steers. £6 3s; heavy fat cows, £5 10s to £6 Is; medium fat cows, £4 to £4 JSs; light fat Polled Angus and Hereford heifers, £4 12s to £4 18s; lighter fat cows. £3 to £3 14s; killable cows; £2 5s to £2 12s Gd: fresh conditioned cows, 28s to £2; boner cows, 8s to 18s; young sound cows, 28s to £2; two-year-old Jersey heifers, 30s to £2; choice yearling Jersey heifers. £3 9s to £3 15s: smaller, £2 10s to £2 18s; Jersey-cross yearling heifers. 27s to 335; good Jersey heifers, close to profit. £7 to £8 ss; other Jersey jind Jersey-crosa heifers, close to profit, £5 15s to £6 10s; backward heifers. £3 15s to £5; good Jersey hoifers, in milk, £4 10b to £5 15s; Jersey cows, close to profit, £8 10s to £8 15s; Sliorthorri cows, backward, £3 to £4 10s: other cows, in milk, £4 5s to £4 15s: cull cows, 30s to £2 10s. Pigs,; Light porkers. 21s to 225; stores, 17s to 21s; slips. 12s Gd to 16s; good wenners, 10s to 13s; smaller wenners, 5s to 8s 6d: Berkshire sows, in pig. 30s to £2 3s. MORRINSVILLE QUOTATIONS The Farmers' Co-operative Auctioneering Company, Limited, reports that at the Morrinsvillo sale on Friday a heavy yarding o£ sheep came foVward, prices being slightly easier than at the Inst sale. A heavy yarding of cattle met with good competition, prices being on a par with other sales. There was a good yarding of dairy cattle and a good demand for all classes of dairy stock, the bidding being ipnrticularly brisk on good quality heifers, close to profit A herd sold on account of Mr. S. White. Kereone, averaged £6 15a. An average yard ing of pigs came forward, prices for fats being on a par with late rates, while stores and weaners showed an improvement on tho last sale. Weaners. in particular, were keenly "Sought after. Values were:—Fat wethers, 14s to 15s 0d: fat ewes. 8s 3d to 9s 6d; lighter fat ewes. 7s 3d to 8s: heavy fat hoggets. 10s 6d to 12s 6d; light, 8s 9d to 98 6d; heavy fat steers. £5 10s to £6: medium. £5 to £5 7s; heavy fat heifers. £4 4s to £5 10s; light. £2 10s to £3; fut cows and calves. £7; heavy fat cows. £5 6s to £6 8s; medium, £3 10s to £4 12s fd; light. £2 Is to £3; killable cows. £1 12s 6d to £2; fresh store cows, £1 5s to £1 10s: boners, 6s to 18s; two-year-old empty heifers and young cows. £1 to £2 7s; yearling Jersey heifers, choice. £3 Is to £3 lis: medium, £2 to £2 17sJ inferior, £1 to £1 13s; potter bulls. £L to £1 10s: service bulls. £2 5s to £3 10s; extra choice Jersey heifers, close to profit, £9 5s to £lO 10s: others, £8 to £9; good Jersey heifers, close to profits £7 to £7 15s; Jersey and Jerseycross heifers, close, £5 15s to £6 15s: others, more backward. £4 15s to £5 10s; good Jersey cows, £5 15s to £7; other Jersey and Jersey-cross cows. £3 15s to £5; other cows. £2 10s to £2 ss. Pigs; Choppers, 17a to 2Gs: baconers. 32a to 37s 6d: lieavv Parkers. 28s to 30s: light. 21s to 265; stores. 18s 6d to 225: slips, 13s to 17s (>d; weaners. 10s to 16s. ' ___