FAT LAMB PRICES

Dominion, Volume 24, Issue 66, 11 December 1930, Page 14

FAT LAMB PRICES

Freezing Works Rates REDUCTION AT ADDINGTON Dominion ' Special Sep.vice. Christchurch, December 10. Freezing works rates for fat lambs, as anticipated, came back at Addington today, the best of the lambs for export being purchased on a basis of Gid. a lb., as compared with Bd. a lb. last week. The rates operating to-day were OJd. for 28-321 b. lambs, Old. for overweights, and 5Jd. for seconds. These prices, it was stated, will be reduced by id. to-morrow. Butchers also had amended ideas of values, and brought their limits back by about Id. a lb. They were paying on a basis of 7d. a lb. for the best of the lambs, and In some cases uP to 7jd. The offering totalled 1600 head, the largest this season. LONDON WOOL SALES Crossbred Very Firm. London, December 9. The total catalogues offered at the wool sales to-day were 11,432 bales. Including 3392 New Zealand. About 9000 bales were sold. There was a good offering of clip wools, both greasy and scoured, and a moderate supply of all New Zealand sorts. Steady competition at late rates was maintained. New Zealand realisations were: Maka, B}d. to Bd.: Te Hoa, 7id. to 7d.; To Kopae, Bd. to 7id. Dalgety and Co., Ltd., have received the following report, dated December 9. from their head office:—Sales continue with good competition; crossbred very firm, with slight upward tendency: Merino, change, if any. is in favour of buyers. AUSTRALIAN BUTTER Export Bounty Reduced Hobart, December 10. The Australian Butter Stabilisation Committee met at Launceston to give consideration to the payment of an export bounty on butter for 1931. The committee decided that owing to the prolific production- and largely increased exports there was no alternative but to reduce the export bounty to 3Jd. per lb. on butter manufactured after December 31.