FROZEN MEAT TRADE

Dominion, Volume 25, Issue 274, 15 August 1932, Page 12

FROZEN MEAT TRADE

Firmer Prices for Ewe Mutton ‘LAMB VALUES-UNCHANGED Owing to the very hot weather at Home the demand for lamb has fallen off slightly, according to cable advice received" by the New Zealand Meat Producers’ Board from its London office. The iamb market remains depressed, and with continued over-supplies prices remain unchanged. The mutton wether market is steady and unchanged. There has been a good demand for ewe mutton, witli prices slightly firmer. Rather more inquiry is being received for frozen beef as a, result of the shorter supplies of Argentine chilled beef. The New Zealand porker pig market is firmer, owing to more demand, and baconer pig jriecs are nominal. The board advises that the tollowing are the approximate average prices realised for the week ended August 12, 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 Nortii Island selected crossbred wethers and maiden ewes: 481 b to £6lb, 3Jd (BJd. 3}d) ; 571 b to 641 b, 3 l-8d (3 l-Bd, 3 l-8d); 651 b to 721 b. 27-8 d (2 7-8(1. 2 7-8 d). North Island ditto: 481 b to.oolb, 3 3-8 d (3 3-8(1, 3 3-8 d); 571 b to &41b, 3d (3d, 3d); 651 b to 721 b, 27-8 d (2i<l 23 d). Ewes: 481 b and under, 2}d (2 3-Bd, 2id); 481 b to 641 b, 2}d (2 l-Bd,-2}d) ; 651 b to 721 b. 2d (2d, 2 l-8d). New Zealand Lambs.— Canterbury: 361 b and under, 5d (sd, s}d) ; 371 b to 421 b, 5d (sd. 5 1-8<I); 431 b to oOlb, 4 7-8 d (sd, 5 l-8d) : second quality, average 331 b, 4|d (4Jd. 4 7-8 d). Other South Island brands: 361 b and under, 5d (5d sd): 371 b to 421 b, 4 7-8 d (4 7-Bd‘ sd) : 431 b to sOlb. 4Jd (4|d, sd). Selected North Island brands, including Downs: 361 b and under, 5 5Jd) ; 371 b to 421 b, 5d (od, 5 1-Sd); 431 b to 501 b, 4 7-8 d (4 7-8(1. 5 1-8(1); second quality, average 311 b. 4}d (4sd, 4 7-8 d). Other" North Island brands: First quality 361 b and under, 4 7-8 d (4 7-Bd. sd) ; 371 b to 421 b. 4}d (4Jd. 5(1); second quality, average 311 b. 4 5-8(1 (4 5-Bd, Lambs. —Victorian, first quality: 361 b and under, 4 3-8(1 (4 3-8(1, 4 5-8(1) ; 371 b to 421 b. 4 3-8 d (—. 4 ’Argentine Lamb.—First quality: 361 b and under. 4|d ( —. 4|d) ; 371 b to 421 b. 4]d (44(1. 4jd). c Now Zealand Beef—Ox fores. 2}(l (2]<l. 2}d); ox hinds, 3 5-8 d (3 5-Bd, 3 3-8 d) ; cow fores and cow hinds not q 'Argentine Chilled Beef.—Ox fores., 2Jd (2 5-Bd, 2Jd) ; ox hinds, 62d (6}d, s}d). Australian Frozen Beef.—Ox crops, over 1001 b. 23-8 d (2 3-Bd. 2Jd) ; ox hinds, over 1601 b. 3 5-8 d (3 5-Sd, 31 ( J)New Zealand Prime Porker Pigs.—bOlb to 1001 b. 5d (4Jd, 4Jd) ; 1011 b to 1201 b. 4Jd (4i<l. 4Jd). + New Zealand Baconer Pigs.—l2llb to 1801 b. 5d (sd. sd). l 1 New Zealand frozen veal not quoted. (Rec. August 14, 5.5 p.m.) • London, August 18. Australian sheep: First quality" crossbreds and/or merino wethers, 401 b. to 651 b., 21(1. . , innii. Argentine chilled beef: Ox fpres, 1601 b. to 2201 b.. 2*il.; ditto, ox hinds, 1601 b. to 2201 b„ 6}d. Australian pigs: First quality. 601 b. to 1101 b., average 901 b., 5d.; ditto, 1111 b. to 1201 b.. 5d.; others unchanged. Private Market Advices The Bank of New Zealand, produce department, has received the following advice from its London office as at close of business last week: —Th" market for wether mutton is steady and no material change is expected yet. The market for ewes is firm and there is a fair demand. The market for lambs is depressed oM'ing to heavy arrivals and the demand is not quite so good. The market for beef is more active owing , to shorter supplies from the Argentine. Trade generally is slow owing to hot weather. Wethers, light 3d to 4 l-8d per lb. heavy 25-8 d to 2 7-Sd; ewes. 2d to 2Jd; lambs. 2’s 4 7-8 d to 5 l-Bd, S's 45d to sd. 4’s 4 5-Sd to 4 7-Sd, seconds 4Jd to sd, Beef: Ox hinds. 34d to 3jd; fores. IJd to 2d. Cow hinds, 2Jd to "d: fores, lid to Ud. Advice received by Levin and Co., Ltd., from their London agents, dated August 12. states that compared witli last, weeks cabled advices, quotations are unaltered. The market is

RAW MATERIALS . South Sea Copra Prices Firmer (Rec. August 14, 5.5 p.m.) London, August 13. Friday's closing prices for the following raw materials were as follow, those for August 6 being given in parentheses:-— Cotton: Liverpool quotations, American middling, spot, 5.51 d. per lb. (4.69 d. ; September delivery, 5.42 d. per lb. (4.58(1.). .Rubber: Para. 4Jd. per Ibr (44d.); plantation smoked ribbed sheet, 27-16 d. per lb. (2 1-Bd.). .lute: New crop, August-September shipment. £l9/15/- per ton (£l6/10/-). Linseed oil: £l5/10/- per ton (£l5). Turpentine: £3/1/- per cwt. (£3/0/0). MARKET FOR HIDES Ruling London Quotations (Rec. August 14, 5.5 p.m.) London, August 13. Hides.—Meatworks. dry-salted, Queensland. 351 b. to 451 b.. 5d.: 301 b. to 401 b., 4 7-Bd.: 251 b. to 351 b., 4 5-Bd.; 201 b. to 301 b., 4|d. New South Wales prices are nominal. Wet-salted. Queensland. 501 b. to 601 b.. 3?d.; 401 b. to 501 b„ 3Jd.; New South Wales. 4Jd. to 3Jd. Victorian abattoirs prices are nominal. Dollar Conversion Rates The New Zealand Associated Banks have agreed that the conversion rates as from August 15 will be:- USA Canada Conversion of dollar bills received for collection and sale of dollar drafts 3.37 3.88 Purchase of dollar bills .. 3.57 4.08 These conversion rates are, of course, ascertained on a sterling basis (London funds) and therefore current rate of exchange New Zealand on London must also be charged or allowed ns the case may require. New Plymouth Gas Co. Including £lOOO brought, in from the previous year the profits of the New Plymouth (Ins Company. Limited, amounted to £3281 for the year ended June 30. ns against £3494 in the previous year. Dividends on the first and second issues (fully paid £5 shares nnd £4 paid) are maintained at the usual rate of 7/- and 5/7£ a share respectively. On the third issue. £3/15/- pnid. an increase from 5/1 to 5/3 n share has been made. Peninsular and Oriental Stock London, August 12. P. and O. deferred shares sold to-day at €l/0/3,* a« compared with IS, 7 !! on August Mount Lyell shares sold at 17/-.