THE LONDON MARKETS

New Zealand Herald, Volume LXX, Issue 21457, 3 April 1933, Page 5

THE LONDON MARKETS

FROZE-N AND CHILLED MEAT SMITHFIELD QUOTATIONS LONDON, April 1 Following are the latest quotations for frozen and chilled meat, with those oi the previous week for comparison:— FHQZEN MUTTON Mar. 25 Apl. 1 New Zealand—d d

RABBITS " First, large, ex store, 18s-lSs 6d, 16s 6d-17s. The weekly quotations 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 above. Quotations give#, represent the average for the week and are not selected lines, but for parcels fairly representative of the bulk of shipments now orl offer. AUCKLAND EXPORT RATES No change has been made this week in the schedule of export meat rates. Current rates on hooks are:— Lambs, 361b., 4£d; 371b, to 421b., 3Jd; 431b. and over, 2ijd; seconds, 3id. Wethers.—-481b., 22d; 491b.' to 561b., 2fd; 571b. to 641b., 24d; 651b. t0'721b., lgd; over 721b., lid; seconds, 2£dl£d; 401b. to 561b., and 571b. to 641b., Id; 651b. to 721b., and over 721b., 3d; seconds, Id. Beef. —Prime ox, 5601b. to 8801b., 17s 6d per 1001b. j overs, unders and seconds, 13s 6d; prime cow, 10s; seconds, 7s 6d; boner bulls, 14s; boner cows, 7s 6d. Pigs.—Bolb., 4id; 811b. to 1001b., 4id; 1011b. to 1201b., 4d; 1211b. to 1501b., 3|d; exportable choppers, 2d. MUTTON MARKET WEAKER The Bank of New Zealand has received the following advice fram its London office as at the close of business last week:—Wethers: Larger sup? plies have caused the market to weaken. Ewes: There is a weaker tendency. Lambs: The demand continues but it is not quite so brisk. No materinj change is expected yet. Wethers, light, 4d to 4|d .per jb.; heavy, 3d to 3|d, Ewes, 2Jd to 3£d. Lambs, twos, sgd to (3d; eights, 43 d to sd; fours, 4id to 4fd; seconds, 5.Jd to Gd. COTTON, RUBBER, JUTE, ETC. (Quotations on Mar. 24 in parentheses.) LONDON, March 31 Cotton.—Spot, 5.15 d (5.13 d) a lb.; May delivery, 4.89(1 (4.92 d, April). Rubber. —Para, *lJd a lb.; plantation and smoked, 2|d (2^d). Jute. —April-May shipments, £l4 15s (£l4 15s, March-April) a ton. Copra.—April-May shipments, South Sea, £lO 12s 6d (£ll 7s 6d, MarchApril) a ton: plantation, Rabaul, £lO 15s (£ll 10s). Linseed Oil. —£16 10s (£l7) a ton, Turpentine,—s9s 3d (60s 9d) a cwt. MERCANTILE FINANCE LIQUIDATION TO PROCEED Shareholders of the .Mercantile Finance Corporation, Limited, Christphuj'oh, have decided to wind up the company voluntarily. Mr. A. Stewart has been appointed liquidator. Paid capital is £49,733, including 3925 £1 cumulative preference shares. CANTERBURY SALEYARDS LOWER PROFITS EARNED The accounts of the Canterbury Saleyards , Company, Limited, Christchurch, for 1932 disclose a profit of £1974, as against £2332 in 1931, A sum of £1054 was brought forward. An interim dividend absorbed £IOOO and a final dividend of 5 per cent, making 10 per cent for the" year, a similar sum, leaving £2B to be carried forward. The dividend is unchanged. The capital of the company is £20,000. A 10 per cent dividend has been maintained over a considerable number of years.

Wqtfrors and maiden ewes 1 Canterbury awf North Island Selected; •48-66lb.'.' 41 41 57<4lb. . .. 41 4 05,721 b. . 4 32 North Island; 48,561b. • •1B 1 4 \ 67-6411). . •11 31 65,721b. . .. 4 32 ' Ewes: ' Under '181 b. . , 3| 3> 48,641b. . . 3 J 3 1 ' 65-721b. . 22 or) r'-l Australian-^— Wethers: First, 40-65Ib. . 31 Second, 3Q-551b. 3i fli Ewes, 30-551b 3 3 Argentine—Wethers: First, 46-641b. . 4 4 First, 65-721b. . , 3| 32 FROZEN LAMB New Zealand — » Canterbury: 361b. and under 51 ' 52 37-421 b. . .... 43 5 43-501 b 42 Second, about 321b. . . 5k 51 Other South Island: 361b. and under 5 h 52 37-421 b 4» 4J 43-501 h 41 41 North Island, selected: 361b. and under . . 5555 37-4 21b 5 43-501 b. .. 41 4f Second, about 321b. . . 51 Of North Island, other: First, 361b. and under 51 5 J First, 37-421b. . 41 42 Second, about 321b. . . 5 52 Australian — Victorian: First, 361b. and under 4» 4| First, 37-421b. . . . 4i 41 Second, 361b. &.under 4i 41 Other States: First, 361b. and under 41 42 First, 37-421b, . 41 41 Second, 361b. & under 4| 41 All States: 5i Third, about 261b. . . 51 Argentine— 5 First, 361b. and under 4| First, 37-421 b. , 4f 41 Second, about 281b. . . • 5 51 FROZEN OX BEEF New Zealand— v Fores, 160-2201b. . : 21 • 21 Hinds, 160-220lb. 31 31 Australian — Crops, 1001b. & under 24 2! Over 1001b. . . v . . 2| 2? Hinds, 1601b. & under 31 31 Over 1601b. . ./ 31 3| CHILLED OX BEEF • Argentine — Fores, 16O-2201b. . . 42 31 Hinds, 160-2201b. 51 51 FROZEN PORK Hew Zealand — First, 60-801b. . 51 51 First, 81,1001b. . 42 42 First, 101-1201b. 41 41 AustralianFirst, 60-100lb. 5 5 First, 101-1201b. 41 41