COMMERCIAL

Southland Times, Issue 22510, 19 February 1935, Page 3

COMMERCIAL

LONDON MEAT QUOTATIONS. The New Zealand Meat Producers’ Board has received the following cable from its London office, dated February 15, advising that the following are the approximate average prices realized for the week, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield Market, and/or ex London Stores:— (Prices for the previous weeks are also shown). (Per lb.) 15/2/35.8/2/35.

Lamb Market: Feeling strong competition from other low-priced meats and values have again weakened, through selling pressure. Mutton Market: Wethers and ewes also weaker in sympathy with lambs. Beef Market: Trade slow owing to heavier supplies of chilled beef. N.Z. Porker Pigs: Prices easier owing to over supply. N.Z. Baconer Pigs: Slightly easier owing to lower prices Continental bacon. In regard to the published prices realized for New Zealand lamb delivered to Smithfield Market, the New Zealand Meat Producers’ Board supplies the following table, giving the equivalent New Zealand parity, after deducting all costs, including selling commission. The costing is based on Saturday’s estimated skin values and includes exchange at current rates. The calculation is on the basis of a prime woolly lamb weighing, say 341 b. delivered at freezing works: — If price delivered N.Z. “overall” parity to Smithfield is delivered at works (d. per lb.) (approximately) (d. per lb.) n i 7 6.85 In the above estimate the cost of killing, freezing and placing on board steamer is based on a charge of .575 d. per lb. METAL QUOTATIONS. (United Press Assn.—Telegraph Copyright.) London, February 15. Metal quotations are as follows:— Feb. 13. Feb. 15.

d. N.Z. Sheep, Canterbury and d. North Island selected crosi bred wethers and maiden ewes— 481b to 561b 54 54 571b to 641b 4J 5 651b to 721b 4J 4J North Island— 481b to 561b 54 54 571b to 641b 43 5 651b to 721b 44 45 Ewes— 481b and under 4 44 481b to 641b 31 34 651b to 721b 34 33 N.Z. Lambs— Including Downs, selected North Island brands— 361b and under U 73 371b to 421b 74 73 Second quality, average 321b 6J 7 Other N.I. brands— First quality, 361b and under 7 74 371b to 421b 7 74 Second quality, average 321b 6| 64 Australian Lambs— Victorian, first quality 361b and under 61 65 371b to 421b 61 6.4 Argentine Lambs— 361b and under 61 61 371b to 421b 63 61 N.Z. BeefOx fores 3 Ox hinds 33 33 Argentine Chilled Beef— Ox fores 34 34 Ox hinds 5 5. Australian Frozen Beef— Ox crops, over 1001b 34 34 Ox hinds, over 1601b 3s 4 N.Z. Prime Porker Pigs— 601b to 801b 51 5i 811b to 1001b 5 54 1011b to 1201b 5 54 N.Z. Baconer Pigs— 1201b to 1601b 54 53

£ S d £ s d Copper— Standard spot 27 1 104 27 5 74 Forward 27 6 10J 27 10 24 Electrolytic 30 0 0 30 5 0 to 30 10 0 30 15 0 Wire Bars 30 10 0 30 15 0 American — — — Lead— Spot 10 3 9 10 1 3 Forward 10 7 6 10 10 0 Spelter— Spot 11 18 9 11 18 9 Forward 12 2 6 12 3 9 Tin— Spot 229 7 6 228 7 6 Forward 225 7 6 224 17 6 Silver — Fine, per oz. 24 7-16d 24 13-16d Standard, per oz. 26 3-8d 263d Feb. 8. Feb. 15. £ s d £ s d Pig Iron— Home trade 3 7 6 3 7 6 Export trade 3 2 6 3 2 6 Antimony— British 77 10 0 77 10 0 Foreign 58 15 0 58 5 0 Molydenite 1 14 6 1 14 6 Wolfram 1 17 6 1 18 0