LONDON MEAT MARKET

Press, Volume XCI, Issue 27639, 21 April 1955, Page 17

LONDON MEAT MARKET

BANK’S REVIEW OF SITUATION

The United Kingdom consumers are at last buying frozen beef, because homekilled and chilled beef is in short supply I and more expensive, says airmail advice about Smithfield market, received by the Bank of New Zealand from its London office. Current wholesale price for frozen I beef is fs 2d to Is 4d per lb, as against 2s 6d to 2s 8d for home-killed and Is 8d ito 2s 8d for Argentine chilled. The demand for New Zealand lamb is good, says the bank, and this is expected ■to reduce stocks and halt the easing in price, which ranges from Is 8d to 2s per

Stocks of wethers and ewes are rather short, and there is a good demand for the lighter grades. New Zealand wethers are quoted at 9d for heavy to Is 3d for light, and ewes from 6d to lOd.

The consumption of meat at Home generally has been good.

STEADY WOOL MARKET EXPECTED

The woollen trade in Britain is not expecting any major changes in the wool market between now and the end of the selling season in New Zealand, according to airmail advice received by the Bank of New Zealand from its London office. The offering at the May series of London sales is expected to attract well-main-tained competition. Shipments from growers are likely to be a little larger than usual for this month, and in addition to some 2000 bales outstanding in the bins there will be various consignments of late shorn clips shipped in the grease, and considerable offerings of scoureds, including crossbreds from Hawke’s Bay and land in ° S 3nd halfbred from the South Is-