COMMERCIAL

Hawke's Bay Tribune, Volume XVII, 3 December 1927, Page 7

COMMERCIAL

MERCHANTS' REPORTS. FROZEN MEAT The followwiug cable has been received by Dalgety and Co., Ltd'., Napier, from their head office, Lotidon, dated Ist December, 1927:— N.Z. prime Canterbury iamb, 28/ 361bs, 9 5-8 d; North Island lamb, i 28/’36ibs, 9}d; Canterbury lamb, 36/421bs, 9 5-8 d: North Island lamb, 36/421bs, 9 l-8d; Canterbury- iamb, second quality, BJd; North Island lamb, second quality, 7jd; Canteiburv lamb, 42/50ibsi 9d; North is- | land lamnib, 42/SOlbs, 8 7-Bd. Mar-; ket for New Zealand lamb weakerl and demand limited. N.Z. prime Canterbury mutton, 48/561bs. 6 3-8 d; North Island mutton, 48/561bs, 5 7-8 d; Canterburymutton, 56/641bs, 5 7-8 d; North Island mutton, 56,/641bs 5 3-8 d; Capterbury .mutton, 64/721bs, f 5 3-B<J; North Island mutton, 64/721bs, > l-8d ; Canterbury ewes. 48/64lbs. 4 3-8 d; North Island ewet, 48/64tbs, 41d. Market for New Zealand mutton weak and demand poor. G.A.Q. Australian lamb, 28/361bs, 8Jfl; Australian lamb, 3rd Quality, 6}d. • Market for Australian lamb weaker and demand poor. Argentine chilled hinds, s|d, fores 4d. DAIRY PRODUCE. The following cable has been received by Dalgety and Co., Ltd., Napier, from their head office, London, dated Ist December, 1927:— Butter: Market weak and irregular. Quotations: Danish, . 192/- to 194/- (nominal) per cwt; New Zealand finest salted, 164/- to 168/- per cwt; Australian finest unsalted, 176/to 178/- per cwt; Australian finest salted, 164/- to 168/- per cwt. Cheese. Market slow. Quotations: N.Z. white, 98/- to 100/- per cwt, coloured 97/- to 99/- per cwt; Canadian spot white and coloured, 98/- to 104/- per cwt.

BANK OF ENGLAND RETURN. London, Dec. 1. The following are the Bank of England returns for the week ended on Wednesday:— Issue Department. £ Note circulation 136,904,000 Notes in reserve 31.439,000 Government debt 11,015,000 Other securities 8,735,000 Gold and bullion 148,593,000 Banking Department.' Proprietors’ capital .... 14,553,000 Rest 3,284,000 Public deposits 18,372,000 Other deposits 95,183,000 Seven day and other bills - 3,000 Government securities .. 41,275,000, Other securities 57,355,000 Notes in reserve 31,439,(XX1 Gold and silver coin .... 1.326,000 Proportion of reserve to 11 Nice 28.8. Short loans are quoted at 3J per cent., three months’ bills at 4 5-16 per cent. LONDON WOOL SALES. London, Dec. 1. At the wool sales 9096 bales were catalogued, including 5947 Australian and 2261 New Zealand. There was only an average selection of all classes of merinos and crossbreds. Keen tone and competition continued, all sections operating freely. Prices were firm at full late rates. The Bradford market is quiet, with a good tone, but little new business. SixtjMour Quality 52d, sixties 48d, fifty-sixes 39d, fifties 29d, fortvsixes 24d, forties 22jd(A. and N.Z.) BUTTER. London. Dec. 1. Butter: Quiet; easier all round. Danish 191/- to 192/-, choicest New Zealand salted 166/- to 168/-, exceptionally good lots bringing 170/-. Australian 166/- to 168/-. unsalted in small supply at 10/- to 12/- pre-mium.--(A. and .N.Z.)