EXPORT LAMB SCHEDULE

Press, Volume XCI, Issue 27640, 22 April 1955, Page 16

EXPORT LAMB SCHEDULE

SOUTH ISLAND PRICE INCREASED RISE RETROSPECTIVE A fairly sharp rise in the over-all export schedule for fat lambs was announced last evening, bringing the price to farmers for prime lamb up to 361 b. to 23|d per lb. This new rate, which will be paid by freezing works operating in Canterbury and elsewhere in the South Island, has been made retrospective to last Monday. The price being paid by South Island works this time last year was 21gd per lb. The price for wethers remains at 15Jd per lb, and that for ewes 7gd, with no alteration in the wool allowances. The new lamb schedule, with* the previous rates, is as follows: Weight, lb New price Old price d. per lb. d. per lb. Prime: U./36 .. 231 221 37/42 .. ..211 201 43/50 .. ..191 181 51/56 .. .. 161 151 Seconds: U./36 .. .. 221 211 37/42 .. ..191 181 0 /42 .. .. 181 171 Shorn iamb deductions have been increased to 5Jd per lb of meat in the case of skins fulling up to lib wool down to Id per lb of meat for skins pulling 3glb to 31d of wool. Beef prioea are unchanged, ranging down from 99s per 1001 b. U.S. REGAINS LOST GROUND 1954 RECESSION NOW OFFSET The business recovery in the United States made further progress in March, states the First National City Bank of New York, in its monthly review of business and economic conditions. After several months of vigorous advance, many people had expected the upswing to level out by this time, but industrial and trade reports have continued buoyant. Retail stores were confident of a record Easter season, further gains have been made in automobile and steel production on top of the high levels reached earlier, and construction activity is unabated. Businessmen on the average seem to expect a 5 per cent, increase in sales Uns year. On the whole they look for better earnings, in spite of the effect of Keen competition on margins. With faith in expanding markets and with a high rate of innovation and. technological probe n ° surpri sc if final figures on capital expenditures in 1955 are better than forecasts. Purchasing agents are taking a longer be& c^ere?K U |o n X"lh?ad a^her 0 ar , e x. a 'A° confident and opti,and better off financiallv In buy or fix up homes greater than in any recent year while retail automobile sales in the first’ three Si°record XCeeded any other fir ® t quarter

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