FINANCE AND COMMERCE

Taranaki Daily News, 16 January 1933, Page 12

FINANCE AND COMMERCE

FROZEN MEAT IN LONDON QUOTATIONS FOR LAST WEEK. SOME DECLINES RECORDED. By Telegraph—Press Assn.—Copyright. Rec. 6.30 p.m. London, Jan. 14. Following are the latest quotations for frozen meat on the London markets, with last week’s prices in parentheses:— New Zealand sheep: Canterbury and North Island selected crossbred wethers and maiden ewes: 57 to 641 b. and 65 to 721 b., sd. (4 7-Bd.). North Island ditto: 57 to 641 b. and 65 to 721 b., sd. (4 7-Bd.). Australian sheep: Ewes, 30 to 551 b., 3Jd. (hone offering last week). . * Argentine sheep: First quality crossbred wethers: 48 to 641 b., 4|d. (4Jd.); 65 to 721 b., 4Jd. (4d.). Patagonian sheep: None offering. New Zealand lambs: Canterbury: First quality, none offering. Other South Island brands: ' None' offering. Selected North Island, including Downs: 361 b. and under and 37 td 421 b., 7Jd. (none offering last week); second quality, average about 301 b., 61d. Other North Island brands: First, quality, 361 b. and under and 37 to 421 b., 7Jd.; second quality, average about 301 b., 6id. Australian lambs: Victorian, first quality, 361 b. and under, 6 l-Bd. (6Jd.). Argentine lambs: First quality, 37 to 421 b., 5 l-Bd. (5d.). New Zealand frozen beef: Ox fores, 160 to 2201 b., 2 7-Bd. G<d.). Australian frozen beef: Ox crops, 100 lb. and under, 3 l-Bd. (3d.); over 1001 b., 3 3-Bd. (31d.).’ Argentine chilled beef: Ox fores, 160 to 2201 b., 3 7-Bd.; ox hinds, 160 to 2201 b., s:]d. (4 7-Bd.). - J New Zealand pigs: First quality, 81 to 1001 b., 5Jd. (sjd.); TOl to 1201 b., 5Jd. (5Jd.). Australian pigs: First quality, 60 to 1001 b., average about 801 b., 5 7-Bd. (6d.); 101 to 1201 b., 514. (5Jd.). Other quotations are unchanged. ; The above list shows the week’s approximate average prices based on actual transactions of wholesale quantities of the descriptions of meat mentioned. The prices are for representative parcels of goods offering during the .week. The list, being for business done on a basis of delivered to' Smithfield market and/or ex, London stores, has been compiled by the price committee.. RAW MATERIALS IN LONDON. Rec. 6.30 p.m. London, Jan. 14. Friday’s closing prices for the undermentioned raw materials, with last week’s quotations in parentheses, are:— Cotton: Spot, 5.30 d. a lb. (5.33 d. February, 5.07 d. (5.06 d. Rubber: Para, 4?d. a lb. (same); plantation and smoked, 211-32 d. (2 7-16 d.). Jute: January-February shipments, £l5 a ton (same). Copra: January-February shipments, South Sea, £l3 10s. a ton (same); plantation, Rabaul, £l3 12s. 6d. (same). Linseed oil: £lB a ton (same). Turpentine: 665. a cwt (645.). SHAREMARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. The following transactions on New Zealand Stock Exchanges on Saturday morning have been reported by the Press Association:— Auckland: Bonds, 1939, 41 per cent., £94 10s.; stock, 1939, 4J per cent., £94 10s.; Commercial Bank of Australia, 14s. 2d.; Bank of New Zealand, 425. 7d.; Auckland Gas, 425. (two parcels); Kempthome, Prosser, 565.; Waihi Grand Junction, 3s. 2d. . SYDNEY STOCK EXCHANGE. Rec. 5.5 p.m. Sydney, Jan. 14. Stock -Exchange sales were: Commonwealth 4 per cent, bonds, 1938, £lO2 2s. 6d.; .1941, £lO2 13s. 9d.; 1944, £lO2 13s. 9dl; Commonwealth 4 per cent. £lO bonds, 1938, £lO 35.; 1950, £lO 3s. 6d.; 1957, £lO 3s. 6d.; Colonial Sugar, £53 10s.; British Tobacco, 325.; Goldsbrough, Mort, 255.; Winchcombe, Cai*son, 235. 6d. WOOL MARKETS IMPROVE. BETTER DEMAND FROM FRANCE. Rec. 7.5 p.m. London, Jan. 14. Although the international position is unchanged most wool markets are showing a slight improvement, reports Mr. W. P. Devereux, Australian Woolgrowers’ Council representative. Yorkshire Merino topmakers are adopting a strong, protective attitude and insisting on full quoted rates. Users are fairly well covered and are awaiting London sales. Fine crossbreds are moving in sympathy with Merinos. There is no quotable change in medium and low. In consequence of reports of New Zealand sales topmakers are not making concessions and weaker sellers have been eliminated. Merino yarns ’ are hardening but there is a dull to moderate demand for fine crossbreds, with prices tending against buyers. Improved demand has been shown in France for tops, mostly Merinos and fine crossbreds. The German demand for tops has been maintained. There is a quieter tone but prices are unchanged.