SMITHFIELD MEAT PRICES

Press, Volume XCIII, Issue 27860, 7 January 1956, Page 13

SMITHFIELD MEAT PRICES

qqMME r c i al

29DFOR TOP GRADE LAMB (Hew Zealand Press Association) ’ WELLINGTON. January 6. seaton s frozen lamb was in light ■„ lv at Smithfield last week, and first •Htv 281 b and under, brought 29d pei 1 according to advice received by the * Zealand Meat Producers’ Board from Imported Meat Trade Association season’s frozen lamb. 29-361 b, fetched j 28d Frozen lamb prices quoted S the list below are for old season’s. roe .naiket generally was fairly active rhl n-d beef supplies were ample Tor a» Lit rements. Frozen beef had a quiet trade and frozen mutton met a steady - inouiry for light supplies. Frozen pork a fai* trade for heavy supplies I Srply reduced prices. 1 tQJ New Zealand meat (ex store, 1 London, for frozen meat, delivered to crnitirfeld for chilled beef) were as EolWeek endec Dec. 22. Jan 5.

Chilled beef was not quoted in either week. Pigs were not quoted in either week. EXPORT MEAT SCHEDULES BEEF DOWN 5/-, LAMB UNALTERED All classes of beet have been reduced by 5s per 1001 b in the latest export »chedules. which will operate from Monday. Prices for lambs, wethers, and ewes are unchanged. The new prices for. beef (as delivered to nearest Marlborough. Canterbury, Otago, or Southland works) are as follows: Per 1001 b s. d. Baby Beef—--400-4601b .. .. .. 105 0 641-7201 b .. .. 97 6 GA.Q. Cx and Heifer— U/8001b .. .. 90 0 SOI-8401b .. .. 80 0 O/8401b .. .. 70 0 PA.Q. Ox and HeiferAll weight® .. .. 77 6 GA.Q. CowAll weights .. .. 75 0 FA.Q. CowAll weights .. 70 0 Boneless cow, all weights .. 65 0 Boneless bull. .. 70 0

Commercial Bank of Australia.—The Commercial Bank of Australia has declared an interim half-yearly dividend of I per cent.—fg Z.P.A., Sydney. Jan. 6.)

RESERVE BANK RETURNS

big changes in ADVANCES FURTHER FALL IN STERLING by the Reserve Bank to organisations rose by ber’ ?7 tni ? ht ended Decemm r .i, °( the increase occurring m the first week of this period. In the t» rn fho f °«! n i Bht a dvances ot her than those tX»nf marketing organisafi22 S J el l b r y £13 ’ b 13 °O, mostly in the first week Investments in New Zealand rose by £8.009.000. These movements are shown in the Reserve Bank returns for December 21 and December 28. released for publication today. Other movements in particular items include a fall of £3.279.000 in sterling exchange. Bank notes issued rose to a record of £81,090.000 on this date, which >s £1,875.000 above the figure a year pteviously. Comparative weekly returns are as follows: Liabilities

Total .. 160.102 160,277 •Including £22.891.000 ip vested in’ sterling securities LONDON METALS MARKET (N.Z. Press - Association—Copyright) LONDON. January 5 Current quotations are:— Buyer. Seller.

Forward .. 385 10 0 386 0 0 Silver—Spot. 6s 62d*; forward, 6s 6gd.* Gold—£l2 9s 52d a fine oz. Tungsten—272s to 276 s per oz. •Actual sale price. WOOL TERMINALS (N.Z. Press Association—Copyright) LONDON, January 5. Latest quotations on the wool terminal market are as follows: Buyer. Seller.

SHAREMARKET INDICES

Comparative indices are:— London.—Financial Times: Indus, ord. (1936 equals 100): Govt, and gold (1929 equals 100)

•New series, begins. fEx dividend (equals 88.1 cum div.). New York.—Dow Jones (1926 equals HMD Shares

OVERSEAS EXCHANGES SYDNEY The investment market was very quiet and showed little change on the Stock Exchange yesterday. Sales.—Commercial t ßank Sydney, £2O; Commercial Bank Australia, 17s 3d; Natl. Bank (12s 6d paid), 20s IJd and £1 paid. 335: Bank New South Wales. £36 2s 6d; Tooheys, ex rts., 26s 3d and rts., lOJd; Tooth, 52s 3d; Amalgamated Wireless. 18s 4£d; A. Hordern. 35s 9d; A.C.1., 54s 3d; Australian Paper Manufacturers, 225; 8.H.P., 41s 6d; Colonial Sugar, £4o’ 2s 6d; D. Jones, 55s 6d; Dunlop, 29s 9d; 1.C.1., 43s 6d; Phillip Morris, 19s 6d: Waltons (prompt delivery), 17s 7Jd; NewGuinea Gold, 2s; Peko, 7s sd; Mt. Lyell, 31s 9d: New Broken Hill, 58s 9d; Mt. Isa, 80s 6d; Ampol Petroleum, 12s 9d; Ampol Exploration, 225; Associated Freney, 2s 6d; Ace, paid, 3s 8d; Oil Search, Ils 8d; Australian Uranium Corporation. 3s Id: N.A.U.C., paid, 4s Bd. MELBOURNE Selected investment stocks were moderately active and sales generally were widely spread. Prices held at firm rates. Heavy trading in Oil Search was the feature of a firm mining section. Silver leads were W'ell. supported at rising prices. U’hile gold and uranium turnovers were also heavier. Sales.?—Commercial Bank, 17s Id; E., S., and A., £6 8s; Carlton Brewery, 20s 6d; Amal. Wireless, 18s 3d; G. J. Coles. 17s 8d; Myer, 13s 6d: Woolworths, 18s lOd; Ampol, 12s 7d and pref., 17s 3d; Assoc. Pulp, 31s 7d; A.P.M., 22s Id and pref., 18s 6d: Bradford Cotton, 35s 6d; 8.H.P.. 41s 3d; Courtaulds, 19s lOd: Electro Zinc, 47s lOd and pref., 455: Felt and Textiles. 26s 9d; Gordon and Gotch, 18s 9d and pref.. 6s Id: Henry Berry, 15s 3d and pref.. 12s 3d; Herald. 21s: Humes. 55s 9d. 1.C.1.. A.. N.Z., 43s «d; Kauri Timber, rtfe.. 6s lOd: N.Z. Forest, 21s; Olympic, 8S; Broken Hill South, 74s 9d: Consol. Zinc, 72s 9d: Mt. Isa, 80s; Mt Lyell. 31s 9d; New Broken Hill. 59s 3d: North Broken Hill, £5 19s; Uranium Mines, 6s 10d: Emperor, Ils; Mt. Morgan, pref;, 14s 3d; Ampol Explor. 22s 3d: Oil Search. Ils 6d. LONDON Governments.—Consolidated 21 per cent., £56 12s 6d; Funding Loan. 4 per cent..

£92; War Loan, 3£ per cent., dt76 17s6d; Conversin Loan, 3J per cent., £76 15s; Victory Bonds, 4 per cent., £96 7s 6d Commonwealth. 3J p.c., £B7 10s, Commonwealth, 31 per cent., £9l; Commonwealth, 3i per cent., £B2 10s; Commonwealth, 3 per cent., £95; South Australia, 3 per cent., £64 10s. Minings.—Broken Hill North, 91s. Broken Hill Pty., 32s 3d; Consolidated Zinc. 58s 6d; New Broken Hill, 48s 6d; Mt. Lyell. 26s Ud; Mt Isa, 64s 6d. BRADFORD TOPS QUOTATIONS (N Z. Press Association—Copyright) LONDON, Jan. 5 Latest Bradford tops quotations are as follows;—Merino: 70’s, 115 d per lb; 64 s. 107 d; 60’s. 102 d. Crossbreds: 56’6. 89d: 50’s, 84d: 46 s. 83d.

s d Sheep Crossbred Wethers Maiden s. a. Under 481b i 6 1 5 49-561b 1 41 4 57-64Ib ©-721b 1 2 1 1 31 2 *Under 481b 1 2i i -A 49-561b •• .. 1 U 1 1| 57-64!b 1 01 1 ('>1 55-721b 0 Hi 0 u* Canterbury Lamb first Quality - Under 361b 37-421H 2 1 1 9 2 1 1 43>501b 1 8 1 71 Under 361b 2 0 2 0 frozen Peef Firs’ Quality— Ox hinds (145-2101b) 1 o i 41 Ox fores (145-2101b) fcconds— 1 U 1 U Ox hinds 41 41 Ox fores 0 111 0 ill

Dec. 21 (£000) Dec. 28 (£0001 General reserve 1,500 1,500 Bank notes 81,088 81,090 Demand Liabilities— State ■- 8,651 8,972 Banks _ 59,811 58,965 Other 1,085 816 Other currencies 96 113 Other liabilities 7.871 8.82J Total .. 160,102 160,277 Assets Reserve — Gold 6,162 6 162 Sterling exchange 28,257 28,665 Other exchange 272 579 Sutsidiary coin 590 590 Advances to StateMarket. account 479 479 Other purposes 52,477 55,369 Advs. to market org’ns. 16.513 16,366 i Other advances 13,199 9,854 Investments 41,278 •41,278 Other assets 876 935

Tin— £. s. d. £ s. d. Spot .. .. 837 10 0 840 0 0 Forward .. 815 0 0 816 0 0 Lead— Spot .. .. 124 10 0 125 0 0 Forward .. 122 0 0 122 5 0 ZincSpot .. .. 105 0 0 . 105 5 0 Forward .. 102 0 0 102 5 0 Copper— Soot .. .. 394 10 O' 395 0 0

d per lb. d per lb January .. .. 1051 106 March .. .. 106J 1062 May .. .. 1061 1062 July .. .. 1061 1062 September .. .. 1064 1062 October .. .. 1061 1062 December .. .. 106J 1062 January .. .. 106J 1062 March ... .. 106 1062 May .. ... 1064 1061 July .. 1064 1062

Inds. Indus, ord ord. Govt. Govt. Gold Gold Jan 31 . 193.0 101.78 90.59 Feb. 28 . 182.8 98.77 88.94 March 31 . 181.9 99.93 87.90 April 29 . 182.7 96.49 85.0' May 31 . 197.0 95.30 84.41 June 30 . . 214.3 94.06 85.02 July 29 . 215.8 92.60 84.10 August 31 . 194.1 88:27 86.46 Sept. 30 . 191.0 89.72 84.68 October 31 . 191.1 91.64 79.03 Nov. 30 . 190.3 90.78 76.10 Dec. 1 . 191.8 90.59 76.28 Dec. 7 . 196.2 90.70 76.40 Dec. 12 . 198.1 90.53 ♦87.1 Dec. 30 . 200.4 90.08 87.7 Jan. 2 . 202.190.08 87.3 Jan. 3 203.5 90.12 88.0 Jan. 4 . 203.4 90.16 t86.7 Jan. 5 . 203.0 90.16 86.0

Rails Indus sold Dec 31 . 145.86 404.39 3,840,0UU Jan 31 . 144.34 404.39 3,840,000 Feb. 28 . 149.47 411.87 2,620,000 March 31 . 150.32 409.70 3,840,000 April 29 . 160.52 425.65 2.230,0(10 May 31 . 159.87 424.86 1,990,000 June 30 . 160.95 451.38 2.370.000 July 2» . 158.1L 465.85 2.450,000 August 31 . 157.14 468.18 1,850,000 Sept. 30 . 155.05 466.62 2,140,000 October' 31 . 149.53 454.87 1.800,000 Nov. 30 . 166.65 483.26 2,900,000 Dec. 1 . 165.28 481.39 2,370.000 Dec. 7 . 164.94 486.35 2,480,000 Dec 12 . 163.74 483.72 2,510.000 Dec. 23 . 162.50 486.59 2,090,000 Dec. 29 . 162.15 . 163.29 484.56 2.190,000 Dec. 30 488.40 2,820,000 Jan. 3 . 162.21 485.78 2.390,000 Jan. 4 . 160.91 484.00 2,290,000 Jan. 5 . 160.5.5 484.02 2,210,000