FINANCE AND COMMERCE

Taranaki Daily News, 1 August 1932, Page 12

FINANCE AND COMMERCE

FROZEN MEAT IN LONDON., DECLINE IN LAMB VALUES. By Telegraph—Press Assn.—Copyright. Rec. 5.5 p.m. London, July 30. The weekly quotations for the undermentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market and/or ex London stores. They are compiled by the quotations committee, Smithfield. To arrive at the equivalent ex ship values-add one farthing per lb. to the value quoted below. Quotations given represent an average for the week, and are not for selected lines,, but for parcels fairly representative of the bulk of shipments now on offer; New Zealand sheep: Canterbury and North. Island selected crossbred wethers and maiden ewes', 48 to 561 b., 3Jd.; 57 to 641 b:, 31d.; 65 to 721 b., 2 7-Bd. North Island, selected crossbred wethers and maiden ewes, 48 to 561 b., 3 l-Bd.; 57 to 641 b., 3d.; 65 to 721 b., 2Jd. North Island ewes, under 481 b., 2Sd.; 48 to 641 b., 2Jd-; 65 to - 721 b., 2 1-Sd. Australian sheep: First quality crossbred and Merino wethers, 40 to 641 b., 24d.; 65-to 721 b., 2 7-Sd.; second quality, 30 to 551 b., 2jd.; ewes, 30 to 551 b., .2 3-Bd. Argentine sheep: First quality crossbred wethers, 48 t0,'641b., 2 5-Bd.; 65 to 721 b., 2 3-Bd.; over 721 b., 2Jd. Patagonian sheep: Wethers and maiden ewes, under 501 b., not quoted;, 50 to 601 b., 2 5-Bd.; ewes, 40 to 501b.,' 2 3-Bd. . / New Zealand lambs: Canterbury, 361 b. and under, 5Jd.; 37 to 421 b., 5 l-Bd.; 43 to 501 b., 5 l-Bd.; second quality, average 301 b., 4 7-Bd. Other South Island brands, 361 b. and under, 5d.; 37 to 421 b., 5d.; 43 to 501 b., ■ sd. Selected North Island brands, including Downs, 361 b. and under, s£d.; 37 to 421 b., oYsd.; 43 to 501 b., 5 l-Bd.; second quality, average 301 b., 4 7-Bd. Other North. Island brands, first quality, 361 b, and under, 5d.; 37 to 421 b., 5d.; second quality, average 301 b., 4Jd. • Australian lambs: Victorian, first quality, 361 b. and under, 4 5-Bd.; 37 to 421 b., 4 5-Bd.; second quality, 361 b. and under, 4 5-Bd. Other States, .first quality, 361 b. and under, 4 3-Bd.; 37 to. 421 b., 4£d.; second quality, 361 b. and under, 4Jd. All States, third quality, 4fd. Argentine lambs: First quality, 361 b., and under, 4Jd.; 37 to 421 b., 4Jd.; 43 to ,501 b. 4 5-Bd. Patagonian lambs: First quality, 361 b. and under, 44d.; 37 to 421 b., 4£d.; second quality, average 301 b., 4Jd. ■ New Zealand frozen beef: .Ox fores, 160 to 2201 b., 2Jd.; ox hinds, 16Q to 2201 b., 3 3-Bd. Australian frozen beef: Ox crops, under 1001'b., 2jd.; over 1001 b., 2Jd.; ox hinds, under 1601 b., 3 3-Sd.; over IflOJb., 3Jd. . • - Argentine chilled beef: .Ox fores, 160 to 2201 b., 2|d.; ox hinds, 160 to 2201 b., sjd, New Zealand pigs: First quality, 60 to 1101 b., average 901 b., 4Jd.; 11l to 120 lb., 4id. Australian pigs: First quality, 60 to 1101 b., average 901 b., 4Jd.; ■ 111 to 1201b.,' 41d. .»■ . .

RAW MATERIALS MARKET. Rec. 5.5 p.m. ' London, July 30. The following are Friday’s closing prices, with those for July 22 in parentheses: — Cotton: Spot, 4.67 d. (4.56 d. per lb.; September delivery, 4.52 d. (4.38 d. Rubber: Para, 3 7-Bd. (3 7-Bd.) per lb.; plantation, smoked, 23-32 d. (1 15-16 d). Jute: August-September shipments, £l5 7s. 6d. (£l4 13s. 9d.) per ton. Copra: July-August shipments, South Sea, £l3 15s. (£l3 7s. 6d.) per ton; plantation, Rabaul, £l3 17s. 6d. (£l3 10s.). Linseed oil:/ £l5 ( £l4 155.) per ton. Turpentine: 60s. 3d. (60s. 3d.) per cwt. ;

THE PRICE OF GOLD/ Rec. 5.5 p.m. London, July 30. The price of gold is £5 17s. od. an oqnce. Thursday’s price was £5 16s. 7d., and a week ago it was £5 15s. lid.

NO CHANGE IN DAIRY PRICES. BUTTER AND CHEESE QUOTATIONS, No change is shown in dairy produce prices according to cable advices received in New Plymouth during the weekend. The following messages were received:— . . ■ , . '■ : Collett and Co.', Ltd.: Creamery butter (finest) 105 s. to 1065.; first, 104 s. to, 1055.;' whey butter, nominal; white cheese, 565. to 575.; coloured cheese, 545. to 555. H. M. Thomson (Anglo-Continental Produce Co., Ltd.): Butter is steady at 106 s. Cheese is quiet at 565. to 575.

WOOLLEN COMPANY’S DIVIDEND. SIX PER CENT AT WELLINGTON. By Telegraph.—Press Association. Wellington, Last Night. The general manager of the Wellington Woollen Manufacturing Company has advised the Stock Exchange that at the annual meeting on August 17 the directors will recommend the payment of a final dividend of 3 per cent., making a total of 6 per cent, for the year.

FEILDING LIVE STOCK MARKET. DEMAND FOR BREEDING EWES. I Feilding, July 29. With a smaller yarding prices for fat sheep advanced appreciably at to-day’s stock sale. The yarding was of generally better quality, and butchers were encouraged to offer better competition. Fat hoggets, primest quality, 12s 6d; prime, 10s Id; good, 9s; fair, from 7s 4d; fat two-tootfis, 10s 6d. Fat ewgs: Good demand. Primest heavy, 10s 3d and 10s 6d; prime, 10s and 10s 2d; good, 8s to 8s 6d; fair, from 7s M. Fat wethers: Primest, 14s 3d; prime, 13s 6d to 13s 9s; good, 12s 3d to 12s 8d; fair, from Ils 4d. There was a very keen demand for

breeding ewes, and prices were up probably 3s to -is a head on rates offered a month ago. . Two-tooth ewes, r/w. Southdown rams, 14s 6d two-tooth to fouryear ditto, 17s 2d;' four and six-tooth, ditto, 16s; < two-tooth wethers, 8s; wether hoggets, -7s 9d; ewe hoggets, good, 10s 4d; others,-from 8s 4d. A heavy yardyig of dairy stock met a firm dexnand, especially for heifers close to profit. , Good ’ heifers,, r.w.b., to £7; fairly good lines at £5 5s to £6; others, from £3. 7s 6d to £5; heifers, calved, £3 5s to £3 10s; cows, guaranteed, sound, close to profit, £7 10s to £5 10s; backward, from £2 2s 6d. Store cattle: Yearling Jersey heifers, 26s to £2 4s; Shorthorn heifers, 37s 6d. Fat cattle met with a good demand. Fat heavy cows, £4 15s to £4 17s 6d; light, £2 2s 6d”to £3 3s; fat steers, £5 7S 6d; fat heifers, £2 2s Gd to £2 10s; fat bullocks, £5 10s. SHEEPSKINS AND HIDES. WELLINGTON SALE PRICES. The fortnigiitly sale of sheepskins, hid.es, and tallow was held on Friday by the combined Wellington brokers. Dry sheepskins sold well up to the level of previous quotations, best pelted skins enming in fdr particular attention. Salted. skins sold at late rates. The offerings of hides were up to the average. Some big lines of abattoir and country parcels were submitted, prices for heavies, medium, and lightweights being par to l-8d per lb, lower; kip, yearling, and best calf were keenly competed for at prices l-Bd-to id higher; second calf gold about par;,first calf weighing 6-Blb feCted ss; l-51b, 4Jd. The beter grades of tallow sold at. a slight advance, other descriptions at par. - . , ; . The following is the official range of prices:- 1 - , Dry sheepskins: Fine crossbred, 2«d to 3|d; medium crossbred, 2d to 23d; half-wools, 14d. to 2d; coarse crossbred, 2d; quarter-wools,-lid; pelts, Jd to Id. Salted skins: Half-wools, 7d to Is; three-quarter-wools, Is 2d; full-wools, Is 2d to Is 4d. t Hides: Ox, 331 b to 4410, lid to ajd; ox 451 b to 521 b, 2£d to 3 7-Sd; ox 531 b to 591 b, 3d to 4 3-8 d; ox, 601 b to 691 b, 3fd to sjd; ox, 701 b. and over, 4 l-8d to sjd; cow, 331 b to, 391 b, 1 3-8 d to 3jd; cow, 401 b to 481 b, Id to 3Jd; cow, 491 b and over, IJd to 3|d; kip, 251 b to '32lb, 25-8 d to 3-Jd; kip, 171 b to 241 b, lid to 3 7-8 d; yearling, 111 b to 161 b, 2 7-Sd to 3 7-Sd; calf, 91b to 101 b, Id to 3 7-8 d; calf, 61b to 81b, 2d to sd; calf, lib to 51b, lid to 4jd. Tallow: In tins ,etc., 7s 6d to 14s. Sundries: Cow tails, 4d; horse-hair, H-Jd. . SHARE MARKET TRANSACTIONS. Auckland, July 30:—Sharemarket sales: Union Bank, £6 17s; Northern. Steam, 6s '6d; Auckland Gas, 21s; Moturoa' Oil,. 3s '3d;'’'.Farmers Trading, 4s lid. - ’