FINANCE AND COMMERCE

Taranaki Daily News, 5 September 1932, Page 12

FINANCE AND COMMERCE

FROZEN MEAT IN LONDON.

NO CHANGE IN LAMB VALUES.

By Telegraph—Press Assn. —Copyright.

Rec. 5.5 p.m. London, Sept. 3. The weekly quotation 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., 3 5-8 d; 57 to 641 b., 3jd; 65 to 721 b., 3d. North Island selected crossbred wethers and maiden ewes, 48 to 561 b., 31d; 57 to 641 b., 3 l-8d; 65 to 721 b., 3d. North Island ewes, under 481 b., 24d; 48 to 641 b., 2-Jd; 65 to 721 b., 21-Bd.

Australian sheep: First quality crossbred and Merino wethers, 40 to 641 b., 2Jd;, 65' to 721 b., 23-8 d; second quality, 30 to 551 b., 24d; ewes, 30 to 551 b., 2 3-Bd. Argentine sheep: First quality crossbred wethers, 48 to 641 b., 27-8 d; 65 to 721 b., 23-8 d; over 721 b., none offering. Patagonian sheep: Wethers and maiden ewes, under 501 b., 2Jd; 50 to 601 b., 25-8 d; eWes, 40 to 501 b., 2Jd. New Zealand lambs: Canterbury, 361 b. and under, 5 l-8d; 37 to 421 b., sd; 43 to 501 b;, 4 5-8 d; second quality, average 301 b., 45-Bd. Other South Island brands, 361 b. and under, sd; 37 to 421 b., sd; 43 to-501b., 4id. Selected North Island brands, including 'Downs, 361 b • and under, 5 l-8d; 37 to 421 b., sd; 43 to 501 b., 4 5-8 d; second quality, average 301 b., 4 5-Bd. Other North Island brands, first quality, 361b.' and under, 42d; 37 to 421 b., 4|d; second quality, average 301 b., 4id. Australian lambs: Victorian, first quality, 861 b. under, 4d; 37 to 421 b., 4d; second quality, 361 b. and under, 4 l-Bd. Other States, first quality, 361 b. and under, 4d; 37 to 421 b., 4d; second quality, 361 b. and under, 4 l-Bd. All States, third quality, 41-Bd.

Argentine lambs: First quality, 361 b. and under, 41-8 d; 37 to 421 b., 4d; 43 to 501 b., 4 3-Bd.

Patagonian lambs: First quality, 361 b. and under, 4:}<l; 37 to 421 b., 4|d; second quality, average 301 b., 4Jd. New Zealand frozen beef: Ox fores, 160 to 2201 b., 2£d; ox hinds, 160 to 2201 b., 3Jd. Australian frozen beef: Ox crops, under 1001 b., 2}d; over 1001 b., 23-8 d; ox hinds, under 1601 b., 31-8 d; over 1601 b., 3jd. Argentine chilled beef: Ox fores, 160 to 2201 b., 2fd; ox hinds, 160 to 2201 b., 5 5-Bd. New Zealand pigs: First quality, 60 to 1101 b., average 901 b., sd; 111 to 1201 b., 4|d. Australian pigs: First quality, 60 to 1101 b., average 901 b., 51-8 d; 111 to 1201 b., 4Jd. RAW MATERIALS MARKET. Rec. 5.5 p.m. * London, Sept. 3. The following are Friday’s closing prices, with those for August 26 in parentheses:— Cotton: Spot, 6.57 d (6.45 d per lb; October delivery, 6.45 d (6.36 d Rubber: Para, 5 TBd (4Jd) per lb; plantation, smoked, 27-8 d (21|-16d). Jute: September-October shipments, £l9 (£l9 Is 3d) per ton. Copra: September-October shipments, South Sea, £l3 17s 6d (£l3 12s 6d) per ton; plantation, Rabaul, £l4 (£l3 15s). Linseed oil: £l7 10s (£l6 10s) per ton. Turpentine: 62s 6d (625) per cwt. THE PRICE OF GOLD. Rec. 5.5 p.m. London, Sept. 3. To-day’s quotation for gold is £5 18s 7d an ounce, as compared with £5 18s 9d yesterday and £5 18s lid a week ago. FOREIGN EXCHANGES. British Wireless. Rugby, Sept. 2. The following rates are current on foreign exchanges, compared with quotations yesterday and par:— Sept. 2 Sept. 1 Par.

PRICE OF SILVER IN LONDON.

British Wireless. Rugby, Sept. 2. Silver to-day is quoted at ISjd an ounce spot and 18 3-Sd forward, compared with 18 7-lGd and ISjd respectively yesterday.

SHAREMARKET TRANSACTIONS

Auckland, September 3 :-MSales ’ on Exchange: Stock, 1937, 5J per bent. (September), £9B 17s fid; Commercial Bank, 14s 7d, 14s 8d; 'Bank of Now Zealand, 47s 9d; Stock, 1939, 4 i per cent., £95 7s 6d; New Zealand Breweries, 27s fid; New’ Zealand Guarantee Corporation, 5s lid. Wellington, 'September 3:—'Sales reported : Bank of Australasia, £9 10s (la'te sale Friday). Sales Km 'Exchange: Commercial Bank .of Australia (ord.), 14s Cd (2 sales); Union Steatn (pref.), 21s.' . ... . , Christchurch, September 3: —Sales on Exchange; New Zealand Government 4J' per cent. Inscribed, - 1938, £95 2s; Golds'brough Mort,' 25s 4d; ;New Zealand Guarantee Corporation, 5s lid; New Zealand. Refrigerating • (£1 paid), Ils 3d; New Zealand (Refrigerating (10s paid), 4s 4d; New' Zealand Breweries, ■27 s 3d; Tooth’s Brewery, 28s 9d; Electro Zinc (pref., cum div.), 25s 3d; Mt. Lyell, 21s 4d. Sales reported: National Bank ,of Australasia (£lO paid), £ll 6d; Union Bank of Australia, £7 7s.

POLLED HEREFORD BULL SALE.

TWO BOUGHT FOR AUSTRALIA

By Telegraph—Press Association.

. . Sept. ,3. • At a sale of Polled Hereford bulls, the progeny ,of stock . recently imported from America, two were • bought., for Australia.' The. prices averaged 43 guineas and ranged ’ to' 60. guineas. It wa,s the first'sale: of this class of stock held in’New.. Zeafl'anfL. -rU ' . . U -t-.—- — —r " • UY FEILDING LIVE STOCK SALE.. . • .-1- r 1 11 .ui.nj; ’ < t (PRICES GENERALLY FIRMER.. ; Feildifig, Sept. 2. .. A further improvement in the pcteen of dairy cattle and fat.cattle was ture of the stock sale - to-day, Tfteri was a large yarding of dairy cattle,, principally springing heifers, and in eordance with recent clearing sal? prices there was. a further advance off •week’s rates of approximately ,10s a head. The yarding of fat cattle included some bullocks, which found a ready? market at higher prices than 'those of a few weeks ago. There -was a good ( market also for faj. hoggets, ■ with prices at last week’s level. ■ Fat ewe? ■were slightly easier, but fat wethers were firm at late rates.

Fat Hoggets: Primest, 13s 6d to 13s 9d; prime, to. Ils 9d; good, to dis 8dFat wethers, primest, 14s 8d ;to 14s fid; very good, Ils lOd; good, to 103 6d. Fat ewes, 4-tooth maiden, 13s; prime, Ils 4d to 12s; good, 9s lOd to. 10s Id; shorn, 7s. . • • ; '.

•Store sheep: Ewes, with over 100 per cent, lambs, IBs 7d to?l4s 2d; ewes, with 100 per cent, lambs, 13s to. 13s 4d; ewes, with smaller percentage lambs, Ils Id; b.f. hoggets, Tls Id; b.f. fourtooths, 10s Bd;' wether -hoggets, 9s .l ld ; f. and f. two-tooth wethers, 105.4 d; four and six-tooth, 10s fid; aged ewes, 4s 2d. Dairy heifers; Close to profit, very choice, £8 10s; very , good quality, £8; good, £7 5s to £7 17s 6d; others, at £6 10s, £5 18s £kl, £5 5s and £4 Iqs; backward liffes, down, to £3 10s; heifers in milk, £4., '. , ,

Fat P.A. Bullocks, £6 to £6 4s; fat P.AI heifers, very goo<l, £6 6s to £6 12s 6d; Hereford cows, £5 l’4s; light breed cows, £3 2s 6d to £3. Ils; Shorthorn cows, £5 2s fid; cows and. heifers, £4 17s.

Store cattle: ' Yearling heifers, good lines, £2 10s to £3' 6s;;backward, 20s to 35s 6d; P.A. bullocks, £5 1'ls; P.A.-cros-s bullocks, £3 15s; store cows, to £2 6s; heifers, ito £2 16s.

88 % 88 7-16 124.21 New York, dal. .. 3.47% 3.46% 4.966 Montreal, dol. ... 6.88% 3.85 4.866 Brussels, Belga .. 25.02% 25.00 35.00 Geneva, fr ■ 17 39-32 1'7.90 25.22 Amsterdam, fl. .. 8.62% 8.62 1'2.10 Milan, lire 67% 67% 92.46 Berlin, r.m 14 19-32 14 19-3-2 20.43 Stockholm, kr. .. 19.47 % 19.47'5 18.159 Copenhagen, kr. . 19.40 19% 18.150 19.95 19.95 18.150 Vienna, sch 29% 29 %* 3 4.5 85 Prague, kr 11’7% 117.75 164.25 Helsingfors, mark 232% 232% 129.23 Madrid, pes. .... 43% 43 1-16 25.221 Lisbon, escu 110 110 110 560 560 . 375.00 Bucharest, lei ... 587% 597 % 813.6 Belgrade, din 225 220 276.31 Rio Janeiro, mil 51-16* 5 5-3'2* 5.899d Buenos Aires, dol. * 47.6|9d Monte Video, dol. 30* 30* 51d Bombay, rupee .. 18 9-64 18-9-64. 18d Shanghai, tael .. 21% 21 11-16 —d Hong Kong, dot. .. IS 5-16 16% —d Yokohama, yen , 15% 16% 24.585 Bataria, fl — 8.68 12.10 Warsaw, zlo ty .. — 31 43.48 ♦ Nominal.