COMMERCIAL

Poverty Bay Herald, Volume LXV, Issue 19732, 10 September 1938, Page 5

COMMERCIAL

LONDON MEAT MARKET LAMB PRICES HR!ITER BETTER MUTTON INQUIRY (Per Press Association.! WELLINGTON, this day. The report of the New Zealand Meat Producers’ Board on the Smithfield market for the week ended September 8, states:— “Lamb. —The market is very firm, with prices again higher for New Zealand consignments. Consumotion is being affected by low prices for Home killed lamb. “Mutton. —Wethers are meeting with a better inquiry, with lightweights dearer. For ewes trade :s slow. Beef. —Chilled beef trade is good this week, with little change in prices. “Pork. —For New Zealand porker pigs the consumption is improving, with prices firm. For New Zealand baconer pigs the market is steady, with prices unchanged." The following prices are quoted under date of September 8. for frozen meat, the rates for chilled beef being averages for the week, while tast week’s figures are given in parentheses: —- Frozen Mutton New Zealand crossbred wethers and maiden ewes.—4Blb and under, 52d (s‘d): 491 bto 561 b, 43d <4!>d); 571 b to 641 b, 4"d (4gd): Cslb to 721 b, 4J,d (4 Id), New Zealand ewes.— 481 b and under, 3|d (3*dl; 491 b to 561 b, 3Jd (31 d): 571 bto 641 b, 3d (3d); 651 bto 721 b, 2Jd (2Jd). Frozen Lamb Canterbury.—36lb and under, 8d (7£d); 371b‘to 421 b, 8d (7d£); 431 b to 501 b, 7Jd <7gd): second quality, average about 311 b, 7£d <7 J ,d). Other South Island— 361 b and under, 8d (8d); 371 b to 421 b, 8d (8d); 431 b to 501 b, 7Jd (7|d). North Island Downs.—36lb and under, Bld <8d): 371 b to 421 b, BJd (8d): 431 b to 501 b, 7id <7*d>: second quality, average about 301 b, 7^d (7gd>. Other North Island—36lb and under, 7£d (7fjd); 371 b to 421 b, 7£d (7£d): second quality, average about 311 b, 7Jd (7£d>. Australia. —Not quoted. Argentine.—36lb and under. Ofjd (7dt: 371 bto 421 b, 61 d (6?.db Frozen Ox Beef New Zealand and Australian.—Not quoted Chilled Ox Beef New Zealand. —Hinds, 5Jd (53dL fores, 3id (3§d). Australian. —Hinds, s£d (5),d); crops, 3£d (3JiD Union of South Africa.—Hinds. 5Jd (53d); fores, 3.fd (3id). Southern Rhodesian—Hinds. sjjd (std); fores, 3Jd (3]d). Argentine.—Hinds, 62d (6£d); fores, 4d (4d). Uruguayan. —Hinds, 6Jd (6Jd); fores, 3£d (3£d). Brazilian. —Hinds, s£d (6d! The above beef quotations are for quarters weighing between 1451 b and 2101 b. Frozen Pork New Zealand. —Porkers, 611 b to 801 b, GJd <6£d); 811 b to 1001 b, OSd <G*d); 1011 b to 1201 b, 6)d (6.icD. Baconers, 121 ib to 1601 b, Gjjd (62d). The above quotations for New Zealand iamb are the highest since the beginning of the year, when the new season’s supplies began to arrive on the market the rates then going up to BJd.

MINOR MOVEMENTS AUS'TR ALLAN ’OHANO ES (Elec. Tel. Copyright—United Press Assn.) SYDNEY, Sept. 8. The Sydney Stock Exchange to-day was dull, with only minor price movements. There was a better demand for gold shares. Sales included: Commercial Bank of Sydnev, £2O 3s; Bank of New Zealand, £2 2s; United Insurance, £9 19s 6d; Colonial Sugar, £47; Mercantile Mutual Insurance, £1 10s; British Tobacco, £2 7s 3d; Tooth and Co., £2 14s; Tooheys, Ltd., £1 12s; G. J. Coles, £3 18s 4d; Dunlop-Perdriau, £1 Is 3d; do., pref., £1 18s 3d; Claude Neon, £2 13s; Australian Gypsum, £1 2s 3d; Standard Cement, £1; Woolworths, Ltd £1 Is; Millaquin Sugar, £1 17s 6d; Mount Lyell, £1 7s; Emperor Mines, 13s; Loloma Mines, £1 ss; Oil Search, 9s 2d. Morning sales included: Commonwealth bonds, 4 per cent, 1938, £lOl Us 3d; 1941, £lO2 3s 9d; 1953, £lO3 10s; 1959, £lO4 12s (id; 1961, £lO5 3s 9d; Commercial Bank of Australia, N.Z. delivery, 16s; Bank of New South Wales, £3O 10s; Bank of New Zealand, 42s- Tooths, 53s 9d; Associated Newspapers, 20s 10id; Anthony Hordern, 16s 6d; Sargents, 25s 9d. On the Stock Exchange of Melbourne to-day Commonwealth loans were more active, but investment stocks were still hesitant in view of the indefinite European situation. Sales included; National Bank, £5 paid £6 12s; G. J. Coles, £3 18s 6d; Dunlop Perdriau, £1 Is 3d; Cox Bros., 17s 2d; Herald and Times, £2 18s; Imperial Chemicals, pref., 10s paid, 11s Od; Electrolytic Zinc, £2 2s; do., pref., £2 ss; Broken Hill Proprietary, £2 16s 9d; Emperor Mine, 13s; Loloma Mines, £1 ss.

WAIKATO STOCK VALUES ALL SECTIONS BUOYANT Weather conditions in the Waikato have improved considerably, and, although two sharp frosts have been experienced since the week-end, the davs have been warm and a good growth should ensue. Conditions in practically every section of the stock business are fairly buoyant.

The keen inquiry which set. in for store cattle three weeks ago has been well maintained. On Monday last a special sale of mostly Wairoa-bred cattle attracted a large bench of buyers from practically all parts of the Waikato, and most satisfactory values ruled.

CAMBRIDGE HORSE FAIR VALUES £lO LOWER At the Cambridge Horse Fair this week chief interest was centred ai good quality South Island horses, but values were down £lO a head on last veai. Aged heavy, horses and also light sorts were hard to quit. In some special entries, prices went up to £74 11s, and Williams and Kettle, Limited, Gisborne, purchased one at £57 15s. WALDAS SHOES, LIMITED YEAR’S DIVIDEND PASSED The directors of Waldas Shoes, Limited, Melbourne, have decided not to recommend a dividend on eithei pieference or ordinary shares for the year ended June 30. The interim payment also was passed, owing to difficult uadi>.ig conditions. For 1935-36, 15 per cent was paid on ordinary shares in addition to a pieTerence dividend of 8 per cent. In 1936-37 the preference dividend was maintained, but no ordinary distribution was made. DOMINION BREWERIES ISSUE OVER-SUBSCRIBED In response to the offer of 50.000 ordinary shares of £1 each at a piemium of 5s made to shareholders m Dominion Breweries, Limited, total applications received exceed J.i.ouu. Shareholders who applied for shares m excess of their quota will receive approximately 4 per cent of their exees., requirements. The result is substantially equal to that attained lor the issue made by the company m August. 1937. LONDON WOOL SALES DOUBTFUL PROSPECTS The Bank of New Zealand rcpoits having received the following advice from London dated September 9 concerning the next series of London wool sales to open on Septembei M). ‘•Prospects for the next series ol London wool sales are doubtlul. It is generally expected that Mer.nos wil decline by id to Id per lb and that crossbreds will be Id lower.