FROZEN MEAT DULL

Dominion, Volume 24, Issue 51, 24 November 1930, Page 14

FROZEN MEAT DULL

Smithfield Market Prices LAMB SLIGHTLY EASIER I - ■ New Zealand lamb market: Slightly easier owing to competition from new season’s Australian lambs and home-killed. New Zealand mutton: Wethers slow with easier tendency. Ewes steady. New Zealand beef: Trade slow. New Zealand porker pigs: Demand remains good for light weights, but heavyweights slow. New Zealand baconer pigs: Nominal prices. The above report was received on Saturday by the New Zealand Meat Producers’ Board from its London office, which advises that the following are the approximate average prices realised for the week ended November 21, based on actual transactions of wholesale quantities of the descriptions of meat mentioned and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown:— New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 48/561b., s}d. (5 5-Bd., 5?d.); 57/641b., s}d. (5 3-Bd., 5 3-8 d.); 6u/721b., s}d. (same); North Island crossbred wethers and maiden ewes, 48/561b., s}d. (5 3-Bd., 5Jd.); 57/641b., 5 l-Bd. (same); 6u/721b., 5 l-Bd. (same). Ewes, '4B/0415., 3 5-Bd. (3Jd„ 3}d.); 65/721b., 3}d. (same)., New Zealand Lambs.—Canterbury, 361 b. and under, B}d. (same): 37/421b., 8 3-Bd. (same); 43/501b„ 72d. (7 7-Bd, 7 7-Bd.). Second quality, average, 331 b., 7 7-Bd. (Bd., 7 7-Bd.). Other South Island brands. Stilb, and under, B}d. (same); 37/421b., 81d. (same); 43/501b„ 75d. (same); selected North Island brands, including Downs, 301 b. and under, 8 5-Bd. (B}d., Bjd.); 37/42 lb., 8 3-Bd. (8 3-Bd., BJd.); 43/501b., 7jd. (same). Second quality, average 311 b.. not quoted; other North Island brands, first quality, 361 b. and under, not quoted (Bd., 8d.); 37/421b., not quoted; second quality, average 311 b., not quoted. Australian Lambs.—Victorian first quality (new season’s), 361 b. and under, Bd. (8 5-Bd., ); new season’s 37/421b., B}d. (B}d„ ). Argentine Lamb.—First quality, new season’s 361 b. and under, Bd. (Bd., B}d.); 37/421b., 7}d. (7}d„ Bd.). New Zealand Beef.—Ox fores 4d. (4 l-Bd., 4 l-8d.); hinds, s}d. (5 3-Bd., 5 3-8 d.); cow fores and hinds, not quoted. Argentine Chilled Beef.—Ox fores, 44d. (4 5-Bd., 4}d.); ox hinds, 6}d. (7d., 7}d.). Australian Frozen Beef. —Ox crops, over 1001 b., 4 l-Bd. (4 l-Bd., 4}d.); ox hinds, over 1001 b., s}d. (same). New Zealand Prime Porker Pigs.—6o/100 lb., 8 l-Bd. (Bjd., B}d.); 101/1201b., 7d. (7d., 7jd.). New Zealand Prime Baconer Pigs—l2l/ 1801 b., 61d. (same). New Zealand Frozen Veal. —Not quoted. (Rec. November 23, 5.5 p.m.) London, November 22. Australian Lambs.—Victorian, first qualify, 361 b. and under, ■ BJd.; 37/421b., Bjd.; other States, first quality, 361 b. and under, Bd.; 37/421b., 7}d.; Victorian, second quality, 361 b. and under, 7 3-Bd.; other States, second quality, 361 b. and under, 7 l-Bd.; all States, third quality, 7d. [All other meats are as quoted in ths Meat Board’s report.] , “Market Very Dull.” , The market is very dull, says a report received by Levin and Co., Ltd., from their London agents. As compared with last week’s quotations, lambs are unchanged. Best North Island wethers, under 561 b., l-Bd. per lb. lower, .64/721b., l-Bd. per lb. higher. North Island ewes, under 481 b., id. per lb. higher; 48/641b., l-Bd. per . lb. higher. New Zealand prime ox beef, l-Bd. per lb. lower. Smithfield “delivered” prices are as follow:—North Island Down lambs, none offering; best North Island crossbred lambs, 28/361b., B}d. per lb ; 36/421b., 8 3-Bd.; North Island, second quality lambs, average 30/311b., 7 7-Bd.; best North Island wether sheep, under 481 b„ 5 5-8(4.; 48/561b„ 5J<l.; 56/641bv,5, l-Bd.; 647721 b., 5 1-8(1. North Island ewes, under 481 b., 4 l-Bd.; 48/561b., 3 5-Bd.; 56/641b„ 3 3-Bd.; 64/721b., Sid. New Zealand prime ox beef, 160/2201b., 4 5-Bd. The Bank of New Zealand Produce Department has received the following advice from its London office as at close of business last week:—The market for wether mutton is quiet and unchanged. The market for ewes is steady, and no material change is expected yet. The market for lambs is easier owing to competition from other sources. New season’s Australian and Argentine lamb is quoted nt 7d. to B}d. per lb. Trade in beef is slow. Trade generally is slow owing to heavy supplies of fresh meat. Wethers, light, s]d. to ssd. per 16.; heavy, 4}d. to s}d.; ewes, 3d. to 4d.; lambs, 2's, Bd. to 8 3-Bd.; B’s, Bd. to 8 3-Bd.; 4’s, 7}d. to 7 7-Bd.: seconds, 7}d. to 7]d. Beef, ox hinds, sd. to s}d.; fores, 3Jd. to 4(1,; cow hinds, 4}d. to 4}d.; fores, 3jd. to 3}d. THE WOOL MARKET Auckland First Sale To-morrow In view of the state of the markets, more than ordinary interest attaches to the first wool sale of the 1930-31 season, which will be held a Auckland to-morrow. The sixth and closing series of London wool sales for the current year will start in Coleman Street to-morrow night. Tlie total offering for to-morrow’s sale at Auckland will be about 20,600 bales, the individual catalogues in the order of sale being:— Dalgety and Co., Ltd., and North Auckland Farmers’ Co-op., Ltd., in conjunction 7,500 Abraham and Williams, Ltd 2,500 A. Buckland and Sons, Ltd. 2,200 Farmers’ Co-op. Auctioneering Co., Ltd. 4,200 N.Z. Loan and Mercantile Agency Co., Ltd 4,200 Total .... 20,600 The wool available at Auckland is mostly coarse and inferior. It is not of the same average good quality as, say, the wool from the Wairarapa, which produces a good deal of super crossbred, or the high quality of wool that American buyers are restricted to' purchasing because of the high tariff, which is higher now than it was last season. There is, of course, a. certain quantity of good wool available in the North, but it is limited; the average is coarse and inferior. The season has been a bad one throughout the Dominion and Is quite a month late. Shearing has beep delayed by adverse climatic conditions, and neither at the Auckland, Wanganui, Napier or Wellington sales will the limits fixed by the New Zealand Wool Committee be reached. Napier and Wellington may approximate to tlijs if the weather conditions are favourable during the next few days. The general opinion is that prices will be lower —very much lower than, they were at the close of last season. In the opinion of some wqol men the decline in Auckland will range from 10 to 15 per cent., while the decline at the London sales is expected to be from 71 to 10 per cent, for crossbreds. The closing sale at Auckland last season was held on March 28 and the prices realised at that sale for the averagbs of tjie various qualities were as under: — Half-bred (50/56) — d- 5. - Average touj • Halfibred (48/50)— Average ‘it o bl Crossbred (46/48)— _ \ Average 05 to <1 Crossbred (44/46)— Average 6J to 7i Crossbred (40/44/)— Average 6} to 44 Crossbred (36/40) — Average to o$ The movements at to-morrow’s will be in relation to the above prices. They will go lower to-morrow, and it is said that buyers, or some of them, have no orders to buy low-grade wool. Last season low-grade wool sold rather well, because it was relatively cheap, but now tho better grades of wool are as cheap as the low grades were. The results of the opening of the London wool sales will not be known until Wednesday, but a decline of up to 10 per cent, or more is anticipated. The position with regard to crossbred wool in which New Zealand Is most Interested was set out by a Bradford correspondent last month. He wrote: “Crossbreds are still a very disappointing proposition indeed. Average 4O’s carded can be bought at 12d. Lower qualities of prepareds are selling at about the same price, and what with the reasonable offers made in South American crossbreds and the position ns regards supplies in New Zealand wools, it is by no means certain Hint still lower prices will not be recorded. Disturbing reports are received from the Continent, these indicating the risks involved In selling tops and yarns to Germany, and .also nt Home the financial position of many firms is a source of anxiety. Virtually all descriptions of. English fleece are in favour of the buyer, these being forced down by tho persistent decline In crossbreds."

RAW MATERIALS

Markets Steadier (Rec. November 23, 5.5 p.m.) ■ London, November 22. Friday’ closing prices for the folio-wing raw materials were as follow, those for November 15 being given in parentheses:— Cotton.—‘Liverpool quotation, American middling upland, December delivery, 5.73 d. per lb. (5.92 d. Rubber. —Para, 6d. per lb. (same); plantation, smoked, 4 9-16 d. (4}d.). Jute. — November-December shipment, £l6/2/6 per ton. (£l6/12/6). Hemp.—None offering, Copra.—DEtember shipment. South Sea, £l5/10/- per ton (£l5/7/6): plantation, Rabaul. £l5/15/- per ton (£l5/10/-). Linseed Oil—£27 per ton (same). Turpentine.—36/3 per cwt. (34/9).