THE LONDON MARKETS

New Zealand Herald, Volume LXIX, Issue 21297, 26 September 1932, Page 5

THE LONDON MARKETS

FROZEN MEAT

(Received September 25, 5.5 p.m.) LONDON, Sent, 24

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 London stores. They are compiled by the Quotations Committee, Smithfield. 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.—North Island crossbred wethers and maiden ewes, 651b. to 721b., 3 3-Bd. Australian Sheep.—First quality cross bred and/or Merino wethers, 401b. to 651b., 2§d; 301b to 551b., 2|d; ewes, 301b. to 551b., 2£d. Argentine Sheep.—First quality crossbred wethers, 481b. to 641b., 3|d; 651b. to 721b., s3d.

New Zealand Lambs.—Canterbury, 431b. to 501b. ; 4^(1; selected North Island brands, including Downs, 431b. to 501b., 4£d. Australian Lambs. —Victorian, first quality, 361b. and under, 4|d; 371b. to 421b., 4-id; other States, first quality, 361b. and under, 4 5-8 d; 371b. to 421b., 4£d; Victorian, second quality, 361b. und under, 4 3-8 d; other States, second quality, 361b. and under, 4£d; all States, third quality, 4£d. "Argentine Lambs.—First quality, 361b. and under, 4fd; 371b. to 421b., 4^d. Uruguayan Lambs. —Third quality, average 301b., 4d. New Zealand Frozen Beef.—Ox fores, 1601b. to 2201b., 2d; ox hinds, 3^d. Australian Frozen Beef.—Ox hinds, under 1601b., 3|d; over 1601b., 3|d. Argentine Chilled Beef.—Ox hinds, 1501b. to 2201b., 5Jd. New Zealand Pigs.—First quality, 1011b. to 1201b., 5 l-Bd.

Australian Pigs.—First quality, 1011b to 1201b., 5 l-Bd. All other sorts are unchanged.

COTTON, RUBBER, JUTE, ETC

(Quotations on Sept. 15 in parentheses.) Cotton.—Spot, 6.07 d (5.88 d) a lb.; October delivery, 5.74 d (5.58 d). Rubber.—Para, 5 l-8d (s|d) a lb.; plantation and smoked, 211-16 d (2 7-8rl). Jute. —September - October shipments, £lB 6s 3d (£l7 15s) a ton. Copra.—October-November shipments, South Sea i £l4 5s (£l4 2s 6d, SeptemberOctober) a ton; plantation, Rabaul, £l4 7s 6d (£l4 ss). Linseed Oil, £lB 15s (£18) a ton. Turpentine, 64s 3d (64s 3d) a cwt.

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 quiet but firm. Ewes: There is a steady demand. Lambs: TJio demand continues, but it is not quite so brisk. Trade generally is slow. Quotations: Wethers, light, 3Jd to 4d per lb.; heavy, 2gd to 31d; ewes, 2d to 25-8 d; lambs, twos, 4 7-8 d to eights, to 5 l-8d; fours, to 4J,d; seconds, 4 3-8 d to 4 7-Bd. SALE OF HORSES VALUES AT HIKUTAIA 'The Farmers' Co-operative Auctioneering Company, Limited, reports having held its Hikutaia horse sale on Thursday. A total of 110 horses came forward, the majority changing hands at satisfactory prices. Good Quality draught horses made from £3l 10s to £"37; good reliable lighter draughts, £'2o to £26 10s: aged horses, £9 10s to £lB 10s: tood hacks, £5 to £7 10s: inferior sorts, £2 10s to £i; medium unbroken horses, £lO to £l2.