LAMB MARKET EASIER

Dominion, Volume 28, Issue 123, 18 February 1935, Page 12

LAMB MARKET EASIER

Selling Pressure in London MUTTON PRICES LOWER Lamb market: Feeling strong, competition from other low-priced meats and values have again weakened, through selling pressure. Mutton market: 14 cthcis and ewes also weaker in sympathy with lambs. Beef market: Trade slow owing to heavier supplies cf chilled beef. New Zealand porker pigs: Prices easier.owing to oversupply. New Zealand bacouer pigs: Slightly easier owing to lower prices Continental bacon. 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 15, 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 none 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: 431 b. to 561 b., 5 l-Bd. (s}d., 5 3-Sd.) ; 571 b. to 641 b„ 4}d., 5d., 5 1-Sd.) ; 651 b. to 721 b„ 4}<l._ (4-}d., 5d.). North Island ditto: 4Slb. to 561 b., 5 1-BJ. (51d„ 5 3-Bd.) ; 571 b. to 641 b., 4}d. (ad., 5 l-Bd.) ; 651 b. to 721 L-., 4Jd. (4|d., 5d.). Ewes: 481 b. and under, 4d. (4 l-Bd., 4}d.) ; 481 b. to 641 b., 34d. (3 5-Bd., 3 7-Bd.) ; 651 b. to 721 b., 3}d. (3 5-Bd., 3 s ' Bd -)- New Zealand Lambs.— Canterbury : 36 lb. and under, 7 l-Bd. (not quoted); 371 b. to 421 b., 7 l-Bd. (not quoted) ; 431 b. to 501 b, 7 l-Bd. (not quoted) ; second quality, average 321 b., 6 7-Bd. (not quoted). Selected North Island brands: 361 b. and under, 7 l-Bd. (7 3-Bd., 7}d.) ; 371 b. to 421 b., 7 l-Bd. (7 3-8(1., 7 7-Bd.) ; 431 b. to 501 b., 7d. (7}d., not quoted) ; second quality, average 321 b., 6 7-Bd. (7d., 7 1-Sd.). Other North Island brands, first quality: 361 b. and under, 7d. (7}d., 7Jd.) ; 371 b. to 421 b., 7d. (7}d„ 7 5-Bd.) 1 second quality, average 321 b., 6 5-Bd. (6 7-Bd.,jd.). Australian Lambs. —Victorian, _first quality: 361 b. and under, 6}d. (6Jd„ 7d.); 371 b. to 421 b., 6}d. (6}d., 7 1-Sd.). Argentine Lambs.—36lb. and under, 6 3-Bd. (Gid., 6 7-8 d.); 371 b. to 421 b., 6 3-Bd. (6|d., 6 7-8 o.). New Zealand Beef. —Ox fores, 2 <"Sd. (3d., 3d.); hinds, 3£d. (3 7-Bd., 3 7-8 d.); cow fores and hinds, not quoted. Argentine Chilled Beef.—Ox fores, 3}d. (same); hinds, sd. (5d., s}d.). Australian Frozen Beef. —Ox crops, over 1001 b., 3}d. (same) ; hinds, over 1601 b., 3 7-Bd. (4d„ 4d.). . New Zealand prime porker pigs: 60 b. to 801 b., sid. (s}d., «d.); 811 b. to 1001 b., sd. (sid„ 51d.); 1011 b. to 1201 b.-; ad; (51d., sid.). New Zealand baconer pigs: 1201 b. to 1601 b., 5Jd. (s}d., s}d.). (Received February 17, 6.30 p.m.)

Landon, February 16. Australian sheep: First quality crossbred and/or merino wethers, 401 b. to 651 b., 4d.; second quality, 301 b. to sulb., 4 l-Bd.j ewes, 301 b. to 551 b., 3}d. Argentine sheep: First quality crossbred wethers, 481 b. to 641 b., 4Jd.; 6olb. t0.721b., 4d. „ , Patagonian sheep: None offering. Australian lambs: Victorian, first q 11a 1ity, 361 b. and under, 6}d.; 371 b. to 421 b., 64d.; other States, first quality, 361 b. and under, 6 3-Sd.; 371 b. to 421 b., 6 3-Bd.; Victorian, second quality, 361 b. and under, 6Jd.; other States, second quality, 361 b. and under, 6 l-Bd.; all States, third quality, average about 261 b., 6 l-Bd. Argentine lambs: First quality, 361 b. and under, 6 3-Bd.; 371 b. to 421 b., 6 o-Sd.; second quality, average about 281 b., b l-Bd. • Patagonian lambs: None offering. Australian pigs: First quality, 60b. to 1001 b., average about 801 b., o}d.; 1011 b. to 120 d„ sd. Market Weak AII Round. The market continues weak all round, and pressure to sell continues, says a cabled report received by Levin and Co., Ltd., from their London agents. Prices do not appear to have reached bottom. Compared with last week’os quotations, down lamb, 281 b. to 361 b., l-Bd. per lb. lower; 361 b. to 421 b., -id. per lb. lower; crossbred lamb, id. per lb. lower; second quality lamb, l-Bd. per lb. lower; wethers, under 481 b. and 561 b. to 721 b„ id. per lb. lower; 481 b. to 561 b., l-Bd. per lb. lower; ewes, l-Bd. per lb. lower. Smithfield “delivered” quotations compare as follow :— North Island down lambs: 281 b. to 361 b., 7id. per lb.; 361 b. to 421 b., 7 l-Bd. Best North Island crossbred lambs: 281 b. to 361 b., 7d.; 361 b. to 421 b., 7d. North Island second quality lambs, average 301 b. to 311 b., 6 7-Bd. Best North Island wether sheep: Under 481 b., 5 3-Bd. ; 481 b. to 561 b., 5 l-Bd.; 561 b. to 641 b.. 4}d.; 641 b. to 721 b., 44d. North Island ewes: Under 481 b., 4d.; 481 b. to 561 b., 3 5-Bd.; 561 b. to 641 b., 3 3-Bd.; 641 b. to 72ib., 3}d. New Zealand prime ox beef: IbOlb. to 2201 b., 3id. The Bank of New Zealand, produce department, has receivea the following advice from its London office, as at close of business last week:—Weaker values for wethers are ruling owing to lack of demand. Trade in ewes is slow. The market for lambs is oversupplied. Sellers trying to force sales have weakened prices. The market, is short of supplies of beef and prices are nominal. Wethers, light, 4}d. to s]d. per lb.; heavy, 3Jd. to 44d.; ewes. 3d. to 4 1-Sd.; lambs, 2’s, 6*7-Sd. to 7 1-Sd.; B's, 7d. to 7:}d.; 4’s, 7d. to 7id.; seconds, 6 5-Bd. to 6 7-Bd. Beef: Ox hinds, 3}o. to 4d.; ox fores, 2} d. to 3d. GRAIN AND PRODUCE Christchurch Markets By Telegraph—Press Association. Christchurch, February 16. The markets continue firm, with an upward tendency in some classes of small seeds and oats. Potatoes provide a minor exception. The Auckland inquiry has slackened owing to at rivals in that centre from various parts of the North Island. This has weakened the prompt market in that centre. Quotations are £5/15/- a ton, f.0.b., s.i.. for May-dune delivery, or £4/7/6 on trucks. The small seeds -naiket is firm. Cocksfoot is worth B|d. to 9d. per lb. on trucks for Akaroa, and Bd. io 81d. for Plains. Italian and perennial ryegrass is worth up to 3/- a bushel mi trucks. Odd lots of partridge peas are being offered by farmers, the quotation being 4/to 4/3 a'bushel on trucks. Reports from the south are that the fescue and dogstail crops will lie very -ight in quality andsmall in bulk High figures are mentioned for undressed fescue, although no definite quotation is available, The market has firmed during the week for oats. Algerians, doubtless for sowing for green feed, are quoted at 2/- a bushel on trucks. Heavy A grade Gartons are worth to 2/3 on trucks, and B’s to 2/-. There is no inquiry so far for chaff. . Fowl wheat remains firm, values being 4/- to 4/3 for prompt and 4/4 for spread delivery.

Although it is well over 22 years since the Titanic went down, there are stilt 276 dependants of the victims of that disaster receiving allowances from the relief fuqd whleli was collected. The annual payments now average between £15,000 and £20,000, and the present value of the fund is assessed at £308,669. It is still administered by a sonnrate committee, blit it forms part of a wfiler organisation, known as the National Disasters Fund, which also embraces the schemes fnr the relief of sufferers from the wrecks of the Lusitania. Empress "of Ireland and Connemara. A similar permanent scheme is being adopted In the case of the Grcsford mine disaster fund.