OVERSEAS MARKETS.

Star (Christchurch), Volume LXVI, Issue 20340, 25 June 1934, Page 9

OVERSEAS MARKETS.

Lambs Slightly Easier at Smithfield. The New Zealand Meat Producers Board has received the following cable from its London office, dated June 22, advising that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of thF descriptions of meat mentioned, and are fori representative parcels of the goods of- ' fering during the week, being for busines done on the basis of delivered to Smithfield market and/or ex London stores. (Prices for the two previous weeks are also shown):— Frozen Mutton.

Lamb Market—Slightly easier chiefly owing to extremely hot weather lessening demand for meat of all descriptions. Mutton Market—Wethers firm owing to short spot stocks. Ewes quiet with prices unchanged. Beef Market—Demand slow owing to low prices of Argentine chilled beef New Zealand Porker Pigs—Small demand owing to hot weather. New Zealand Baconer Pigs—Market steady and unchanged. Bank of Mew Zealand Beport. LONDON, June 22. The frozen meat market is short of supplies of wether mutton and prices are nominal. The market for ewes is becoming firmer owing to small supplies. Trade in lambs is slow with the market rather easier. Quotations:— Per lb

DAIRY PRODUCE. Board Reports Butter Market Quiet. The New Zealand Dairy Produce Board has received the following market report from its London office, dated June 22: Butts r. „ Last June 22. June 15. Year. New Zealand— Salted 77 79 79 80 77 78 Unsalted ..80 84 82 84 80 84 Deliveries, tons 1,294 1,238 1,300 In store, tons 12,198 i:,67u 10,767 The price for salted equals approximately 9rl, f.o.b. Australian—Salted 73s to 74s (last week 755), unsalted 75s to 765, extra to 765). Deliveries Australian, I<6l tons; in store. 9470 tons. 6d? anISh — 658 f ob -* 86s Bpot <64s * S6s 7g Dutch—Unsalted 71s to 7Cs (70s to Estonian—Salted and uncalled 70s to 71s (725). Latvian—Salted and unsalted 70s to 71s (725). Siberian—Salted 70s to 71s (71s to 725). Polish—Saltec? 66s to 68s (66 s to 68s). The market is slow. Retail prices arc unchanged—Danish lid. New Zealand 10d. Chaeat. Last June 22. June 15. Year. New Zealand — White 49 49* 49j 50 46 47 Coloured . 47 47* 47 4YJ 51 52 Deliveries, crates 20,030 Ir store. crates 142,254 The price for white equals approximately 5.3 a, f.0.b., and for coloured sd, f.o.b. Australian—White 48s. The market is quiet. New Zealand retail price unchanged, 68. Canadian—White 54s to 58s, coloured 52s to 64s 6d (52s to 5Cs). c.i.f. 52s (508 to 50« 6d). Deliveries Canadian. ”882 boxes; in store. 62,230 boxes. The market is firm. English Finest Farmers—B9s to 91s; steady. The Akaroa commenced discharge df butter June 14 ant? finished June 16. The Rangitata commenced discharge of butter June 16. The Rangitata commenced discharge of cheese June 15 and finished June 20. The Surrey arrived at Avon mouth June 6, Cardiff June 9, Liverpool June 14 and Glasgow June 20. The bon rtf has also received the following advice from its agents \in Canada:—Butter—New York, 25 cents; Montreal. 20 cents. LONDON METAL MARKET. LONDON June 23. Metal Exchange quotations are as follows. tnose previously cabled being given for purposes of -’onipH ri.*on:— June 23. June 21.

Pig iron, home trade £3 7s fid. export f.i 2s Sd antimony, British 42s lOd. foreign 26* sd; molybtJonUc, £i 14s fid; wolfram, £2 4s 6d; osmir'dium is unchanged.

(Per lb) 22 15 8 d. d. d. Cross-bred wethers and maiden ewes— Canterbury and North Island selected— 4 8-561b si 52 51 5 7 - 6 41 b M 51 51 65-721b North Island— 5 41 / 42 4S-561b bt 53 51 bk 51 U 41 481b and under . . 48-641b n 41 3i 31 48 39 32 31 b. Frozen Lan Canterbury— 361b and under . . 71 78. " 4 74 6| 74 Second qua! av 321b Other South Island 72 n hrn nds— 361b and under . . 71 72 72 62 6 1 62 Selected North Island brands. Including: Downs— 361b and under 7 5 72 7f 7j 65 71 Second qual av 321b Other North Island u 71 brands, firsts— 3f>]b and under . . 7« Second qual av 321b Australian— Victorian, firsts— 7t 7| n 361b and under . . 78 62 78 62 78 6i. Argentine— 361b and under .. 71 71 37-421b 62 61 Frozen Beef. New Zealand— 21 38 2) Australian— Ox crops, over 1 001b 22 22 Ox hinds, over 1601b 31 31 34 Chilled Beef. Argentine— 31 51 34 Frozen Fork N.Z. porker pigs— 61 52 N.Z. baconer pige— 51 58 59 51 120-1601b 58

d. d. Wethers— Light 5* to 6 Heavy j. 4$ to 12 _ Ewes 3 to n Lambs— f! 8 73 to 78 &, s 6. to 7» i s «l to S| Seconds to 7i

(Per ion.) (Per ton.) Copper— £ tr d £ s d Standard 1 spot 31 13 1J 32 0 71 Standard, fwd. 31 1 3 32 6 10J Electrolytic . . 34 io 0 35 5 0 to 35 5 0 35 10 0 American (cents per lb) .. 0 9 Wire bars .... 35 5 0 35 10 0 Spot 11 0 0 11 0 0 Forward .... 11 2 6 11 3 9 Spelter— Spot 13 13 9 13 18 9 Forward .... 13 17 6 14 2 6 Tin— Spot 226 7 6 225 17 6 Forward 226 S 9 226 2 6 Silver— d d Standard, os. .. 20 1-16 19 15-16 Fine, oz 218 211