FINANCE AND COMMERCE

Taranaki Daily News, 22 December 1931, Page 16

FINANCE AND COMMERCE

FROZEN MEAT MARKET WEAK. NEW 'SEASON’S LAMB SLOW. The first arrivals of new season’s North Island lamb are meeting a slow demand owing to large supplies of homekilled lamb selling at from 8d to Jd. Australian landings continue heavy. Mutton market: Trade quiet and affected by lower-priced Australian lamb and mutton. Beef market: Trade slow owing to lower prices Argentine chilled beef. New Zealand pigs: Prices again easier owing to continued large supplies of Home-killed. . The above report was received by tne Meat Board from its London office, which advises that the following are the approximate average prices realised foi the week, based on. actual transactions of -wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of tiie 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 and North Island selected crossbred wethers and maiden ewes, 48 to 561 b, 4d (saine); 57 to 641 b, 3 7-Sd (same); 'O5 to 721 b, 3|d (same); North Island crossbred wethers and maiden ewes, 48 to 561 b, 3 7-‘Bd (3fd and 3fd); 57 to 641 b,. 3fd (3fd and 3 5-'8d); '65 to 721 b, 33d (3 5-8 d and 3 5-8 d); ewes, 481 b and under, 33d (same); 48 to 641 b, 27-8 d (same); 65 to 721 b, 25-8 d '(same). New Zealand Lambs:—'Canterbury, 36 lb and under, 7Jd (7Jd and 7 3-8 d); 37 to 421 b, 6 l-8d (63d and 6 3-8 d); 43 to 501 b, 5d (same); second quality, average 331 b, 5d ('5 l-8d and 5Jd); other South Island brands, 361 b and under, not quoted, '(7d and. 7d); 37 to 421 b, not quoted (6 l-8d and 6Jd); 43 to 501 b, not quoted (5d and sd). New Season’s lamb: Selected North Island brands, including Downs, 361 b and under, 7 7-Bd. Australian Lambs:—'Victorian, first quality (new season’s), 361 b and under, 6d (6K and 6 5-8 d); 37 to 421b,.5 l-'Bd (5 3-8 d and 5Jd)Argentine Lamb: —'First quality (new season’s), 361 b and under, 6d (same); 37 to 421 b, 5d (same). New Zealand Beef: —Ox fores, 23d (same); ox hinds, 3 3-8 d (same); cow fores and hinds, not quoted. Argentine Chilled 'Beef: —Ox fores, 2 7-'Bd (3 l-8d and 3id); ox hinds. 6 l-'Bd .(6d and s|d). Australian Frozen Beef:—Ox crops, over 1001 b, 2Jd (same); ox hinds, over I'6ol'b, 33d (3 3-'Sd and 33d). x New 'Zealand Porker Pigs:—6o to 100 lb, 53d ('5 3-8 d and 53d); 101 to 1201 b, 4Jd ('sd and sd). New Zealand baconer pigs, 121 to 1801 b, 43d (same). THE DAIRY (PRODUCE MARKET. BOARD’S REPORT FROM LONDON The Dairy Board's London office reports the following prices as ruling on Friday, those for the previous week being shown in parentheses; —■ BUTTER. New Zealand: —'Salted, 97s to 100 s '(lo2s to 106 s; December 19, 1930, 108 s to ll'4s); unsalted, 112 s to 118 s (M6s to 120 s; December 19, 1930, 112 s to 116 s); 97s to 100 s equals approximately 10 l-8d per lb f.0.b.; first whey, 92s (9'Bs); second whey, 90s (965). Australian: —Salted, 96s to 100 s (100 s to 104 s); unsalted, 106 s to 108 s (108 s to 110 s). Argentine:—'Unsalted, 96s to 100 s ('9os to 100 s). Danish: —'128 s f.0.b.; 136 s to 137 s spot (1325; 140 s).; Dutch: —'Unsalted, 144 s to 148 s (144 s to 1465). .Siberian: —93s to 95s per cwt (94s to 965). . • The board has also received the following advice from its agents in Canada; —Butter: New York, 30J cents; Montreal, 22 cents. CHEESE. New Zealand:—White, 56s to 08s per cwt '(63s to 645; December 19, 1930, 60s to 625); coloured, 56s to 57, ex. 58s (60s to 625; December 19, 1930, 58s to 61s); 56s to 58s equals approximately 5 7-16 d per lb f.o.b. Australian:—White, 'sBs per cwt (60s to 625); coloured, 55s to 56s (58s to 61s). Canadian: —White, 64s to 70s; coloured, 62s to 70s (66s to 70s). SHAREMARKET TRANSACTIONS. Christchurch, December 21. —Sales on Exchange: E.S. and A. Bank, £4 Ils 6d; National Bank of Australasia (£5 paid), £5 7s sd; Goldsbrough Mort, 24s 6d (5 parcels); New Zealand Refrigerating (10s paid), 4s 9d (5 parcels); Australian Glass, 29s 6d (2 parcels); British Tobacco (cum. div.), 27s 3d; Golden Dawn, 7s 23d (3 parcels); Mahakipawa, 43d. Sales reported: Bank of New Zealand. 45s (2 parcels). Auckland, December 21. —-Sharemarket sales: Otahuhu Borough, 1963, 5 J per cent, £96; Commercial Bank of Australia, 16s lOd; E.S. and A. Bank, £4 10s 3d; Bank of New Zealand, £2 5s 6d; Goldsbrough 'Mort, £1 4s 4d; Auckland Gas, £1 4s; Colonial Sugar, £10; Waihi, 16s 2d; Waihi Grand Junction, 3s 7d.