COMMERCIAL

Nelson Evening Mail, Volume LXIV, 19 January 1931, Page 10

COMMERCIAL

FROZEN MEAT

Tho Now Zealand Mont Producers Board lias received tho following cable from its London Cilice, dated 16th January. 1931: New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/56 4j}d, 57/64 4/d, 65/72 4/d ; North Island 48/56 4gd, 57/64 4i]d, 65/72 4|d ; ewes 48/under 3/d, 48/64 3gd, 65/72 3d, ■ New Zealand Lambs.—Canterbury, 36/under 7gd, 37/42 7|d, 43/50 7/d; 2nd quality, average 33 6/d; other South Island brands, 36/under 7j}d. 37/42 7;Jd, 43/50 7/d. New season’s, selected North Island brands, including Downs. 36/under 8!d, 37/42 81d; other North Island brands, Ist quality, 36/under 8/<l, 37/42 8/d, 2nd quality, average 31 7/cl. Australian Lambs. —New season’s, Victorian, Ist quality, 36/under 7/d, 37/42 7/d. Argentine Lamb. —-New season’s, Ist quality, 36/undcr 6/d, 37/42 6/d. New Zealand Beef.—Ox fores 3/d, binds 4id. Argentine Chilled Beef.—Ox fores 4gd, hinds 6£d. Australian Frozen Beef.—Ox crops, over 100, 3|d, hinds, over 160 4gd. New Zealand Prime Porker Pigs.— 60/100 6/d, 101/120 5/d. New Zealand baconer pigs, 121/180 5/d. Lambs.— Market is overloaded with Australian and South American lamb which has even affected small quantify of our new season’s lamb so far arrived. South America pitching more lambs than market can absorb for tho time of year. Their poor quality are selling down to 5d ex hooks. Lightweight Scotch tegs are selling here 9d. Market is overloaded with meat of all descriptions generally. Mutton Market.—Wethers : Market disorganised through low prices of South American lamb filling mutton trade. Ewes: Market is quiet and unchanged. Trade slow. Beef Market.—Small interest in frozen beef. Market is well supplied with chilled beef and Home killed beef. New Zealand Porker Pigs.—Market irregular. Prices have weakened owing to heavy arrivals of Irish selling down to 8/d. Australia is also shipping considerable quantities. New Zealand Baconer Pigs.—No demand foi*, owing to heavy arrivals Continental bacon selling 6d to 7d. Messrs Levin and Co.. Ltd., have received the following cable from their London agents, dated 16th January: — North Island Down lambs, 28/36 8/d per lb, 36/42 B|d, best North Island crossbred lambs 28/63 8/d, 36/42 8/d, North Island 2nd quality lambs average 30/31 73d. Best North Island wether sheep under 481 bs sd. 43/56 4|d, 56/64 4gd.

North Island ewes under 481bs 3/d, 48/56 3gd, 56/64 3/d, 64/72 3d. New Zealand prime ox beef 160/220

As compared with last week’s quotations, North Island Down lambs 28/36 /d per lb lower; 36/42 §cl per lb lower; best North Island erossbrel lambs |d per lb lower; North Island 2nd quality lambs /d per lb lower; best North Island wethers /d per lb lower; North Island ewes 48/64 /d per lb lower; New Zealand prime ox beef /d per lb lower. The market is weaker with a downward tendency.

DAIRY PRODUCE

The New Zealand Dairy Produce Board has received the following market report from its London office dated 16th January, 1931 Butter.—New Zealand salted 114 s lo Llss (114 s to 113 s), unsalted 116 s to 120 s (118 sto 130 s), Ist whey 106 s (106 s, 2nd whey 104 s (104 s). Deliveries New Zealand this week 1450 tons; in store New Zealand this week 3000 tons, includes 450 tons ex Rangitane. Australian salted 108 s to 110 s (110 s to 114 s), unsalted I.los to 114 s (112 s to 116 s). Australian deliveries 1850 tons; in store 2175 tons. Argentine unsalted 108 s to 112 s (108 to Ll2s). Danish 124 s f.0.b., 128 sto 132 s spot (1235, 134 s to 1355). 'Dutch unsalted 138 s to 140 s (144 s to 146 sh Latvian unsaltod 116 s (116 s). Polish 104 s. Market quiet New Zealand retail price Is 3d; Danish retail price Is 4d. Empire Marketing Board’s estimated stocks all butters at 10th January, 1931, 235,114 boxes. Cheese.—New Zealand white (58s to 60s), coloured 57s to 58s (57s to 595). Deliveries New Zealand this week 21,000 crates; in store New Zealand this week 89,500 crates, includes 9500 crates ex Port Nicholson and 10,500 crates ex. Rangitane. Australian coloured 56s to 57s (57s to 58s). Canadian white 74s to 78s (74s to 78s). coloured 74s to 765, exceptional 80s (745-to 765). Deliveries Canadian 12,850 boxes; in store Canadian 190,391 boxes. English finest farmers’ LOOs to 106 s (100 s to 106 s). Market weak, erratic, discount attracts buyers on these conditions. Full cream cheese generally making premium of Is. Exchange Premium.—The increase o-f 6 per cent, on demand drafts means a total profit on account of exchange at present market rates of approximately gd for cheese and 2-3rds of a penny for butter.

WELLINGTON SKIN SALES

Dalgcty and Company Limited, Wellington, 'report under dale 16th Janu'l Our first sale of sheepskins, hides, tallow and sundries for the. 1931 season was held this afternoon at the Dominion Farmers’ Institute. We submitted a good catalogue of all grades and descriptions to a representative attendance of buyers. Sheepskins. —There was a fair enquiry for all grades at prices Id to j|d lower than our quotations of the 19th December. Seedy, inferior and damaged parcels were 'at times Id lower. Salted skins were dull of sale and only a few lots were disposed of. Prices showing a corresponding decline to drys, Hides.—Some very nice lines of abattoir hides were brought forward and considering the slate of the. overseas market sold particularly well. The tanners held the market for the well conditioned lines. We quote heavies,, mediums and lightweights fid to 3d lower, at times Ad being recorded. Kip and yearling were in demand at prices sjd lower, while calf declined sd. Cut. slippy and inferior hides sold at very low rates and m some cases did not elicit a bid. Tallow.—Good consignments of casks, drums, and tins were submitted and prices in sympathy with the. London market showed a decline of 2s 6d per cwt. The following is tHe range of prices:— Sheepskins. —llalfbrcd 2?d to 4d, fine crossbred 3Jd lo 4Jd, medium crossbred 23(1 to Zfd, coarse crossbred l.£d to 3?d, half wools lf.d to 3Jd. quarter wools Id to pelts' id to 2d, polls salted 5d to Is Id, unarter wools 5d to Is 3d, full wools 2s 6(1, lambs 10d.

Hides.—Ox, 33/44 lbs 3/d to 4/d, 45/52 3/d lo 4/(1, 53/59 3d (o 4/(1, 60/69 4d lo 5/d. 70 and over 3/d (o 5/d : cow. 33/391 bs 3/d lo 4gd. 40/48 l/d lo 4gd, 49 and over 2d to 4i)ii: kip, 25/32 3/d to 4Sd, 17/24 3/d to 6/d; yearling, 11/16 3/d lo 6/d; calf. 9/10 4/d to 6/d, 6/3 6/d to 9/d, 1/5 3d to 8/(1. Tallow.—ln casks 17s; in tins, etc., 8s lo 17s. Sundries.-- Cow tails 10d ; horse hair 10d.

EXCHANGE RATES

FURTHER REVISION (United Press Association—By Electric Telegraph—Copyright) LONDON, 16th January. Tire Australasian banks are altering tomorrow their selling rates on Australia. Drafts and mail transfers per £IOO will be £125 7s 6d; cable transfers, £125. Hates for purchasing bills in Australia : Sight. £126 10s; thirty days, £127 £s; sixty days, £128; ninety days, £l2B 15s.

UNITED STATES TRADE

FALL IN EXPORTS AND IMPORTS WASHINGTON, 17th January. United States exports for 1930 totalled 3,841.207,000 dollars, a decrease of 1,399.788,000 compared with 1929. Imports were 3,061.369,000 dollars, a decrease of 1.337,992.000. Exports were the lowest since 1922 and imports the lowest since 1921.

AUCKLAND WOOL SALES

DROP IN PRICES (By Tel ograph—Press Association) AUCKLAND, 17th January. Tho - second Auckland wool sale opened this morning, 17.282 hales being catalogued, hut many being withdrawn before the sale.. Passings were numerous during the sale. Pijices were a farthing to a halfpenny down on Napier levels and three farthings lower than the Auckland November rates. Lots sold were those suitable to Continental and Bradford requirements. Bidding was keen.