FINANCE AND COMMERCE

Taranaki Daily News, 16 June 1931, Page 3

FINANCE AND COMMERCE

FIRM MARKET FOR LAMB. SMITHFIELD QUOTATIONS. Lamb market: First quality remains firm, with quiet demand. Second, quality firmer at better prices. Mutton market: Wethers and ewes, market quiet but steady. There is a good demand for lightweight wethers. Beef market: Practically no demand for frozen beef. New Zealand, porker pigs: Market is dull, with little demand. New Zealand pigs: Nominal prices. The above report was received on Saturday by the New Zealand Meat Producers’ Board from its London office, which advises that the following are the approximate average prices realise! for the week ended June 12, 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 two previous weeks are also shown: —

New Zealand Sheep.—Canterbury ami North Island selected crossbred wethers and maiden ewes, 48 to 561 b., old. (5.{d., 5d.); 57 to 641 b., sd, (5d., 4Jd.); 65 to 721 b., 4 5-Bd. (4 5-Bd., 41d.). North Island crossbred and maiden ewes, 48 to 561 b., sd. (5d., 4,Jd.); 57 to 641 b., 4jd. (4|d., 41d.); 65 to 721 b., 4.1 d. • 4 3-Bd.). Ewes, 481 b. and under. 4 3-8:1. (4 3-Bd., 4 l-8d.); 48 to 641 b., 4d.. (4d., 3 7-8 d.); 65 to 721 b., 3fd. (3Jd., 3Ad.). New Zealand Lambs.—Canterbury, 36 lb. and under, 7 7-Bd. (7 7-Sd., 7 5-Sd.); 37 to 421 b., 7 5-Bd. (7 5-Bd., 7Jd.); 43 to 501 b., 71d. (7Jd., 7}d.); second quality, average 331 b., 7d. (6 7-Bd., 6Jd.).. Other South Island brands, 361 b. and under, 7?d. (7 5-Bd., 7Jd.); 37 to 421 b., 7 3-Sd. (7|d., 7{d.); 43 to 501 b., 7 l-Bd. (7 l-Bd., 7 l-Bd.). Selected North Island brands, including Downs, 361 b. and under, Bd. (8d„ 7|d.); 37 to 421 b., 7-Jd. (7|d., 7 5-8 d.); 43 to 501 b., 7{d. (TH, TH); second quality, average 321 b., 7d. (Ggd., Other North Island brands, first quality, 361 b. and under, (TH, 7d.); 37 to 421 b., 7 l-Bd. (71-Bd.; Td.); second quality, average 311 b., 6 7-Bd. (6 5-Bd., 6Jd.). Australian Lambs.—Victorian, first quality, 361 b. and under, 6 3-Bd. (6Jd., 6d.); 37 to 421 b., 6|d. (6 l-Bd., 6d.). Argentine Lamb.—First quality, 301 b. and under, 6 3-Bd. (6H, 6d.); 37 to 421 b., 6 l-Bd. (6d., ajd.).

New Zealand Beef.—Not quoted; Argentine Chilled Beef. —Ox fores, 2 7-Bd. (2-ld., 23-8 d.); ox hinds, 6 3-Bd. (Cid., 52d.). Australian. Frozen Beef. —Ox crops, over 1001 b., 2 l-Bd. (2 l-Bd., 2sd.); ox ■ hinds, over 1601 b., 3{d. (3sd., 3 3-Bd.). New Zealand Porker Pigs.:—6o to 100 lb., sid. (s|d., 5Jd.); 101 to 1201 b., ssd. (ssd., ssd.). New Zealand Prime Baconer Pigs.— 121 to 1801 b., sd. (5d., ssd.). ' New Zealand Frozen Veal.—Not quoted. i ■ DAIRY PRODUCE MARKETS. BUTTER QUIET, CHEESE STEADY. The New Zealand Dairy Produce Board has received the following report from its London office, the previous week’s quotations being shown, in parentheses:— I BUTTER. New Zealand, salted, 109 s. .to 112 s. (110 s. to 1145.; June 13, 1930, 130 s. to 1345.); unsalted,ll4s. to 116 s. (114 s. to 118 s.; June 13, 1930, 138 s. to 1425.); first whey, 102 s. (104 s. second whev, 100 s, (1025.). . - Australian, salted. —105 s. to 108 s.; ex. 109 s. (108 s. to 110 s.); unsalted, 108 s.; ex. 112 s. (109 s. to 1125.). South Africa, 104 s. to 106 s. (not quoted). Argentine.—Unsalted, 108 s., 110 s. to 112 s. (108 s. to 110 s.; 1125.). . Danish.—ll2s. f.0.b.; 118 s. to 120 s. spot (Ills.; 117 s. to 1205.). Dutch.—Unsalted, 114 s. to 116 s. (112 s. to 110 s.). ' ■ Esthonian, .salted and unsalted, 108 s. to 110 s. (108 s. to 1125.). Latvian.—Salted and unsaltcd, 108 s. to 110 s. (108 s. to 110 s.). . Siberian salted and unsalted,. 100 s. to to 102 s. (106 s. to, 108 s.). Polish.— salted, 100 s.; unsaltcd, 102 s. to 104 s. (not quoted). The board has also received the following advice from its agents iu Canada: Butter: New York, 231 cents (11 5-Bd.) per lb.; Montreal, 20$ cents (10 3-Sd.) per lb. Canadian stocks, 3812 tons; last year, 4821 tons. I CHEESE. New Zealand.—White. 545. to 55g. (535. to 555.; June 13, 1930, 775. to 785.); coloured, 565. to 58s. (565. to 58s.;,June 13, 1930, 83s. to 845.). South Africa.—White and coloured, 50s. to 525. (50s/to 525.). \ ' ■Canadian.— White and coloured, 70s. to. 745.; ex. 765. (705., 745., 76g.); this season's, c.i.f., 555. (575.). DELIVERIES AND STOCKS. Deliveries of New Zealand butter for the week ended June 12 were 1079 tons, as compared with 1082 tons a year , ago.' .The quantity in store is 5944 tons, .as against 10,531 tons, a year ago. Deliveries of Australian butter for the week were 1075 tons, as against 812 tons' a year ago, the quantity in store at present being 2500 tons, as against 3500 tons a year ago. Deliveries of New Zealand cheese for the week were 19,000 crates, as compared with 17,951 crates a year ago. The quantity in store is 170,000 crates, as against 123,623 crates a year ago. Deliveries of Canadian cheese for the week were 3149 boxes, as against 1239 boxes a year ago; the quantity in store being 131,000 boxes, as compared with 96,163 boxes. ■ SHAREMARKET TRANSACTIONS. Auckland, June 15. —Sharemarket sales: Bank of'New South Wales, £24 17s 8d; British Tobacco, £1 4s;' Robinson’s Ice Cream, 19s; Milne and. Choyce (B pref.), 20s; Wailn Mining, 14s lid; Mount Lyell, 17s 2d, 17s id; King Solomon, 3s 2d; Taranaki Oil, lOd. Christchurch, June 15.—Sales on exchange: Australian Bank of Commerce, 14s. 4d.; Goldsbrough, Mort (cum. div.), 14s. sd:; Mt. Lyell (cum. div.), 175.; King Solomon, 3s. (two parcels), 3s. Id. (two parcels), 3s. 2d., 3s. 3d. (two parcels), 3s. 2jd., 3s. Id., 3s. (five parcels), 3s. Id. (two parcels); Golden Point (lid. paid), Is. 7d.; Mahakipawa Goldfields, 7d. (six parcels). Sales reported. National Bank of New Zealand, £5; Bank of New Zealand (cum. div.), 48s. 3d. (two parcels); New Zealand Refrig- 1 'erating (10s. paid), 3s. IQd.; Mt. Lyell 1 (cum. div.), 17s. • ' OIL BORING AT MOTUROA. The following report has been issued for the week ended June 13, by Moturoa Oil Fields, Ltd.: No. 2 well has been drilled to 2000 feet in alternating beds of shale and sandstone. Ten-inch casing has been placed to 1984 feet.