COMMERCIAL

Poverty Bay Herald, Volume LXII, Issue 18597, 7 January 1935, Page 10

COMMERCIAL

MEAT IN LONDON

FROZEN AND CHILLED LATEST QUOTATIONS

(Elec. Tel. Copyright—United Press Assn.) LONDON, Jan. 5. Following are the latest bmithlield quotations : New Zealand sheep.—Canterbury and North Island selected crossbred wethers and.maiden ewes, 43 to 561 b, sgcl; 57 to Min; ; 65 to 721 b, Sid; North Island, 48 to 561 b, 6gd; 57 to 641 b, sgd; 65 to 721 b, sid; ewes, under 481 b, 4|dj 48 to t4lb, 4d; 65 to 721 b, 3|d. Australian sheep—First quality crossbred and/or merino wethers, 40 to 6511), 4j>d.; second. quality, 30 to 551 b, 4^d; ewes, 30 to 551 b, 4|d. Argentine sheep.-—First- quality crossbred wethers, 48 to 641 b, sd; 65 to 721 b,

4fd< Patagonian sheep.—None offering. New Zealand lambs.—Canterbury and other South Island, none offering. New Zealand lambs.—Selected North Hand,' including ’Dowds, 361 b and under, 7|d: 37 to 421 b, B,',d ; 43 to 501 b, nolle ottering; second quality, average about 321 b, 7d; other North Island, first quality, 361 b and under, 7|d ; 37 to 42 b, '-’d ;. second quality, average about 321 b. lambs.—Victorian, first quality, 361 b and under, 7d; '(L 1° 421 b,

7;Ul; other States, first quality, 351 b and under, 6RI; 37 to 421 b, 7d; Victorian, second quality, 361 b and under, 6£d; otlier States, second quality, 3611> and under, 6UI; all States, third quality, averago about 261 b, 6d. Argentine lambs.—First quality, 361 b and under, 6pi; 37 to 42.1 b, 7d; second quality, averago about 281 b, _6J,d. Patagonian iambs.—None offering. New Zealand frozen meat.—Ox fores, 160 to 2201 b, 2od : ox binds, 160 to 2201 b, 3id.

Australian frozen beef.—Ox crops, 1001 b and under, 2?d; over 1001 b, 2’d; ox hinds, 1601 b and under, 3Sd; over 1601 b, 3gtl. Argentine chilled beef.—Ox fores, 160 to 2201 b, 3d; ox binds, 160 to 2201 b, 6jd.

New Zealand pigs.—First quality, 60 to SOIL, 6pi; 81 to 1001 b, sgd. Australian pigs.—First quality, 60 (o IC'Olb, average about 801 b, 60: 101 to 1201 b, sgd.

EGG TRADE

MARKET IN BRITAIN HEAVY - PRODUCTION LONDON, Jan. 5. The egg trade has gone from bad to worse. Abnormally mild weather prevailing all over Europe and Great Britain has not yet seen a sight of frost, consequently production is heavy, larger, indeed, than it usually is at the boginning of March. Supplies from all sources continue ori a plentiful scale, and there seems little

prospect of any improvement in prices. Olio only hope is a change to cold weather, which might steady the market, but in any ease the recovery will bo too slow to do much good, and it seems probable that the average prices for the season will be hardly remunerative.

DIVIDEND UNCHANGED

COMMERCIAL BANK OF

AUSTRALIA

A cable message received from head office, Melbourne, by Mr E. P. Yuldwyn, manager of the Commercial Bank of Australia in New Zealand, states that au interim dividend for the six months ended December 31 will be paid on the preference shares at the rate of 4 per cent, per annum and on the ordinary shares at the rate of 5 per cent, per annum.

The dividend, which is ;it an unchanged rate, is payable in Australia! currency on February 8..

MELBOURNE PRODUCE MARKETS MELBOURNE, Jan. 4. Wheat, new 2s B,pi per bushel, old 2s 7i<l. Flour, .‘57 2s 6d per ton. Bran, £4 15s. Pollard, £5. Oats, Is; lid to 2s per bushel. Barley, English 3s Id to 3s 2d. Maize, 3s 7d. Potatoes, £l2' to £l3. Onions. Globes, £7 to £7 10s.

UNION BANK OF AUSTRALIA LONDON, Jan. 3. The Union Bank of Australia reports net profits ? or the six months to August 31 at £106,938. The amount brought in was £104,032.

The bank iias declared an interim dividend at the rate of 5 per cent, per annum.

LONDON EGG MARKET WEAK

LONDON, Jan. 3. The market for eggs is weak. Australian • fourteens 8s 6d per great hundred <l2O eggs), fifteens 9s 6d, sixteen: 10s to 10s cd.

STOCKS AND BONDS

(British Official Wiroiens.) Bee. 10 a,in. RUGBY, Jan. 4. British Government stocks are easier owing to the competition of new issues with thu War Loan 3£- per cent, at £lO9. German, Dawes and Young bonds are £ per cent, better, and French loans also are strong.

THE PRICE OF GOLD (British Official Wircioss.) lice. 10 a.m. RUGBY, Jan. 4. The price of gold is £7 2s Id an ounce, an increase of 6.',d.