FROZEN MEAT TRADE

Dominion, Volume 28, Issue 111, 4 February 1935, Page 12

FROZEN MEAT TRADE

Lamb Prices Easier BEEF MARKET STEADY Lamb market: Increased landing has slightly eased prices. Mutton market: Wethers; trade slow. Ewes, slightly easier. Beef market: Steady with fair demand. New Zealand porker pigs: Trade slow, and with heavy stocks prices are easier. New Zealand baconer pigs: Market steady and unchanged. The above report was received on Saturday by the Meat Board from its London office, which advises that the following are the approximate average prices realised for the week ended February 1, ■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: Canterbury and North Island selected crossbred wethers and maiden ewes, 481 b. to 561 b., 5 3-Sd. (5 3-Sd., old.); 571 b. to G4lb„ 5 1-Sd. (5 l-Bd., 51d.) ; 651 b. to 721 b., od. (same) ; North Island, 4Slb. to 561 b., 5 3-Sd. (5 3-B<l.. 5-}d.) ; 57'lb. to 641 b., 5 l-Bd. (5 1-Sd., 5-}d.); 651 b. to 721 b.. sd. (same). Ewes. 4Slb. and under, 4}d. (4 3-Bd., 4 3-Sd.) ; 4Slb. to G4lb., 3 7-Sd. (4d.. 4J.) ; 651 b. to 721. b., 3 5-Sd. (3Jd„ 3i)d.). New Zealand lambs: Selected North Island brands, including Downs, 361 b. and under, 7-Jcl. (Sd., Sd.) ; 371 b. to 421 b., 7 7-Bd. (Sd., 8 1-Sd.) ;’ do., second quality, average 321 b., 7 1-Sd. (7i<l., 7Jd.). Other North Island brands, first quality. 361 b. and under, 71d. (7i}d., 7}d.) ; 371 b. to 421 b., 7 5-Bd. (7 7-Sd., Bd.) ; do., second quality, average 321 b.. 7d. (7 l-8d„ 7 1-Sd.). Australian lambs: Victorian, first quality, 361 b. and under, 7d. (7d., 7 .1-Sd.) ; 371<b. to 421 b., 7 l-Bd. (7Jd„ 71d.). Argentine lambs: 361 b. and under, 6 7-Bd. (7d., 7d.) ; 371 b. to 421 b„ 6 7-Sd. (7d„ 7d.). New Zealand. beef: Ox fores, 3d. (2 7-Sd.. 2}d.) ; ox hinds, 3 7-Sd. (3 7-Bd., 3id.). Argentine chilled beef: Ox fores, 3Jd. (3 3-6<1., 34d.) ; ox hinds, 5-Jtl. (5 l-Bd., 5 3-Sd.). Australian frozen beef: Ox crops, over 1001 b., 3Jd. (same) ; ox hinds, over 1601 b., 4d. (same). New Zealand prime porker pigs: 601 b. to SOlb:. 6d. (6 1-Sd., 6Jd.) ; 811 b. to 1001 b., sid. (5 5-8 d„ 5?d.) ; 1011 b. to 1201 b.. Sid. (5 5-Sd.., s?d'.) ; ’ New Zealand baconer pigs: 1201 b. to 1601 b.. 5Jd. (5?d., 6d.). * (Received February 3, 6.30 p.m.) London, February 2. Australian sheep: First quality crossbred and/or merino wethers, 401 b. to 651 b.. 3}d.; (second quality. 301 b. to 551 b., 4 3-Sd. Ewes. 301 b. to 551 b., 4 1-8(1. Argentine sheep: First quality crossbred wethers, 651 b. to 721 b., 44(1. Australian lambs: Victorian. first quality, 361 b. and under, 7d.’; 371 b. to 421 b., 7 1-Sd. Other States, first quality, 361 b. and under, 6-Jd. Victorian, second quality, 361 b. and under, 6}<l. Argentine lambs: First quality. 361 b. and under. 6 7-Sd.; 371 b. to 421 b., 6 7-Sd. Australian pigs: First quality, 601 b. to 1001 b.. average about 801 b., s}d.; 1011 b. to'l2olb., 54d. Market Quiet. The market is quiet, with prices weakening all round, says a cable message received by Levin and Co., Ltd., from their London agents. Compared with the previous week’s quotations. Down, lamb, Jd. per lb. lower; crossbred lamb, 3-Sd. per lb. lower; second quality lamb, 3d. per lb. lower; wethers, 56/721b., 1-Sd. per lb. lower; ewes, 1-8(1. per lb. lower. Smithfield “delivered” prices are quoted as follow:—North Island Down lambs, 281 b. to 361 b., 7Jd. per lb.; 361 b. to 421 b., 7i)d. Best North Island crossbred lambs, 281 b. to 361 b., 73d.; 361 b. to 421 b., 73d. North Island second quality lambs, average 301 b. to 3Mb., 7(1. Best North Island wether sheep, under 481 b.. ssd.; 481 b. to 561 b., 5 3-Bd.; 561 b. to 64!b., 5d.: 641 b. to 721 b.. 47-Bd. North Island ewes, under 481 b., 4Jd.; 481 b. to 561 b., 4d.; 561 b. to 641 b., 3Jd.; C4lb. to 721 b., 35-Bd. ■ New Zealand prime ox beef, 1601 b. to 2201 b., 3}d. The Bank of New Zealand, Produce Department, has received the following advice from its. London office as at close of business last week: —Weaker values are ruling for wether mutton owing to poor demand. There ts only a moderate demand for ewes. Trade in Jambs is slow —larger supplies have caused prices to weaken. The market is short of supplies of beef and prices are nominal. Trade generally is slow. Wethers, light, sd. to s}d. per lb.: heavy. 4d. to sd. Ewes, 3 1-Sd. to 4)d. Lambs, 2’s. 74J. to 73(1.; B’s. 74(1. to 73d.; 4’s. 7£d. to 73d.;. seconds, 6 7-Sd. to 71-Sd. Beef-: Ox binds, 3Jd. to 4d.; fores, 23d. to 3d. Equivalent N.Z. Parity In regard to the published prices realised for New Zealand lamb delivered to Smithfield market: The New Zealand Meat Producers’ Board supplies the following, table, giving the equivalent New Zealand, parity, after deducting all costs including selling commission. The costing is based on to-day's estimated skm values and includes exchange nt current rates. The calculation is on the basis of a prime woolly lamb weighing, say, 341 b., delivered at freezing works: — N.Z. “overall” parity I Smithfield delivered at works “delivered” (approx.) (d. per lb.) (d. per lb.) 73 7.74 75 7.59 74 7.44 Note': In the above estimate the cost of killing, freezing and placing on board steamer is based on a charge of ..j<od. per lb. QUARTERLY DIVIDEND Bank of New South Wales The Bank of. New South Wales has declared an interim quarterly ‘l’udeml the quarter ended December 31. 1J64. at the rate of 5/- per share in Australian currency nt date of payment. The dividend will be payable at head office on February 27. and at branches on receipt of advice. Transfer books close on r ebruary 11. ' British Stock Markets (British Offlcta' Wireless » Rugby. February 1. The stock markets showed a more confident tone this morning. British stocks were firm, with War Loan 33 PeL.centquoted at £lOB/17/6. v German Dawes and young loans were better. Commodities arc steadier. British Treasury Bills (British Official Wireless.) Rugby, February 1.. 'Die amount applied for in tenders for £25.000.000 of Treasury bills was £35.130,000. The amount allotted in bills at three months was £23,980,000. lhe average rate per cent, was 4/2.1.>(L, n* compared with 3/10.Old. last ueek. Sydney Stock Exchange By Telegraph. — Press Assn. —Copyright. Sydney, February 2. Sales on the Sydney Stock Exchange to-day included: Common wealth bonds, 4 per cent., 1938, £lO4/;./-; 194 < £lO9, 15/-; 1950, £lll/10/-; Britiffii Tobacco, 39/44; Broken Hill Proprietary, .)3/-; Dunlop Perdriau, pref,, oS/.l; Go dsbrougli Mort, 30/-; Howard Smith, [ 16/101.