FROZEN MEAT TRADE

Dominion, Volume 29, Issue 257, 27 July 1936, Page 12

FROZEN MEAT TRADE

Lamb Market Steady CHILLED BEEF EASIER Lamb market: Steady with slight improvement in prices of heavyweights; others unchanged. Mutton market: Wethers fair demand. Ewes meeting with better demand with prices firmer. Beef market: Frozen beef slightly easier. Chilled beef easier this week owing to heavier supplies. New Zealand porker, pigs: Demaud quiet, but prices firmer. New Zealand baconer pigs: Market steady and unchanged. Tlie above report was received on Saturday by tlie Meat Board from its London office, which advises that the following are the approximate average prices realised for the week, based on actual transactions of wholesale quantities of tlie descriptions of meat mentioned, and are for representative parcels of the goods offering during the week being for business done on tlie basis of delivered to Smithfield market, and/or ex London stores. Prices for the two previous weeks are also shown :— New Zealand sheep: Canterbury anu North Island selected crossbred wethers and maiden ewes, 481 b. and under, 5 l-Bd. (5d., 5d.) ; 481 b. to 561 b., 4 3-Bd. (same) ; 571 b. to 641 b., 4 l-Bd. (same) ; 651 b. to 721 b., 4d. (same). North Island, 481 b. to 561 b., 4 3-Bd. (same) ; 571 b. to 641 b., 4 1-Sd. (same); 651 b. to 721 b., 4d. (same). Ewes, 481 b. and under, 4jd. (4 l-Bd., 4 l-Bd.) ; 481 b. to 641 b., 3 5-Bd. (same) ; 651 b. to 721 b., (3 3-Bd., 3 3-Bd.). New Zealand lambs: Canterbury, 361 b. and under, 7 1-Sd. (7 l-Bd., 7|d.) ; 371 b. to 421 b„ 6Jd. (same) ; 431 b. to 501 b., 6 3-Sd. (6jd., 6 3-Bd.). Second quality, average about 311 b., 6 5-Bd. (same). Other South Island, 361 b. and under, 7 l-Bd. (7 l-Bd., 7id.); 371 b. to 421 b., 6Jd. (same) ; 431 b. to 501 b., 6 3-Bd. (same). North Island Downs, 361 b. and under, 7Jd. (7id., '7 3-Sd.) ; 371 b. to 421 b., 6Jd. (same) ; 431 b. to 501 b., 6 3-Bd. (6}d., 6jd.). Second quality, average about 301 b., 7d. (same). North Island, first quality, 361 b. and under, 7d. (same) ; 371 b. to 421 b., 6 5-Sd. (same). Second quality, average about 311 b., 6 5-Bd. (same). Australian lambs: 1 ictonan, first quality, 361 b. and under, 6 3-Bd. (6 3-Bd., 6jd.) ; 371 b. to 421 b., 6d. (same). Argentine lambs: First quality, 361 b. and under, 6 3-Sd. (same) ; 3<lb. to 421 b., 5 7-Bd. (6d., 6d.). NZ. frozen beef: Ox hinds, 14olb. to 2101 b., 3 5-Bd. (3|d., 3}d.) ; ox fores, 1451 b. to 2101 b., 2 5-Bd. (2Jd„ 2|d.). N.Z. chilled beef: Ox hinds, 14olb. to 2101 b.. sd. (5Jd., 4|d.) ; ox fores, 1451 b. to 2101 b., 2 5-Bd. (2Jd.. 23d.). _ Argentine chilled beef: Ox hinds. 140 lb. to 2101 b., 5Jd. (6Jd., 5Jd.) ; ox fores, 1451 b. to 2101 b., 2 5-8(1. (3d., 2Jd.). Uruguayan chilled beef: Ox hinds. lb to 2161 b.. sd. (s}d., 4Jd.) i ox fores > 1451 b. to 2101 b., 4jd. (5 1-Sd., 4}d.). Brazilian chilled beef: Ox hinds, 14ulb. to 2101 b.. 4Jd. (5 l-8d„ 43d.). Australian frozen beef: Ox hinds. 14;> lb. to 2101 b. 33d. (same) : ox crops, weights corresponding, 2Jd. (23d., * Australian chilled beef: Ox hinds, 145 lb. to 2101 b., 4id. (sd„ 4 l-Bd.) ; oxcrops, weights corresponding, 2 u-Bd. (23d.. 23dJ. Union of South Africa chilled beef: Ox hinds, 1451 b. to 2101 b., 4 5-8(1. (s}d., 4 7-Bd.) ; ox fores, 1451 b. to 2101 b., 2jd. (2 7-Bd., 23d.). _ , , Southern Rhodesian chilled beef: Ox hinds. 1451 b. to 2101 b., 4d. (4 3-8(1., 3 7-8(1.1 ; ox fores, 1451 b. to 2101 b., 2 1-Sd. (2 3-Bd.. 2J(1.). N.Z. porker pigs: First quality. 601 b. to 801 b., 6d. (5 7-Bd., 5 7-Sd.) ; 811 b. to 1001 b., 5 7-Bd. (53d., 53d ) ; 1011 b. to 1201 b., (id. (5 7-Sd., 5 7-Bd.). N.Z, prime baconer pigs: 1211 b. to 1601 b., 6d. (same). Market Steady. Levin and Co., Ltd., have received the following cable from their London agents, dated July 24: —Frozen meat quotations are unaltered. The market is steady. The Bank of New Zealand, produce department, has received tlie following advice from its London office as at close of business last week: —Demand and prices for Tv-ethers are steady. There is a better inquiry for ewes. The market for lambs is rather easier. Prices for chilled beef have weakened owing to larger supplies. Trade generally is quiet. Wethers, light, 4 1-8(1. to 5 1-8(1. per lb.; heavy, 33d. to 4 1-Sd.: ewes. 31d. to 43d.; lambs, 2's. 6 7-Bd. to 7 1-Bd. ; B’s. 6 5-8(1. to 63d.; 4’.«. 6}d. to 6 3-Sd.; seconds. 6 5-8(1. to 63<h.: chilled beef, hinds, 4(1. to 5Jd.; fores, 21d. to 3d.

RAW MATERIALS Last Week’s Closing Rates By Telegraph—Press Assn. —Copyright. (Received July 26, 6.30 p.m.) London, July 25. Friday’s closing prices for the following raw materials were a« follows, those for July 17 being shown in parentheses: — Cotton: Liverpool quotation, good American middling, spot, 7.33 d. a lb. (7.47<1.) ; August delivery, 6.86 d. a lb. (6.89 d. Rubber: Para. 9}d. a lb. (same) ; plantation smoked ribbed sheet, 7 5-Sti. a lb. (7 11-16(1.). Jute: July-August shipment. Indian jute. Dundee quotation, £l6/7/6 a ton (£l6/17/6). Copra: August-September shipment. South Sea, to London or Rotterdam. £l3 5/- a ton (£l3/2/6) ; smoked, to Marseilles or Genoa. £l2/15/- a ton (£l2 17/6) ; plantation. Rabaul, to London or Rotterdam, £l4/5/- a ton (£l4/2/6). Linseed oil: £2B/15/- a ton (£29). Turpentine: 40/3 a cwt. (38/9). Apples Firm in London Bv Telegraph—Press Assn. —Copyright. (Received July 26, 6.30 p.m.) London, July 25. Apples are firm and in good demand. New Zealand, ex Rotorua. Rangitane and Hororata. Granny Smiths, 10/3 to 13/6 a case; Stunners, 7/8 to 8/6. Australian, Sturmers. 6/- to 8/6 a case; Granny Smiths, 11/- to 11/9. No pears are offering.

Nevis Diesel Electric The secretary of the Nevis Diesel Electric Dredging Co., Ltd., advises that Messrs. Milburn and Co., of Auckland, have exercised their option over the whole of the company's assets. The Cromwell Hydro-Electric Dredging Ltd., which has been formed to take over these assets, and work additional ground in the Nevis Valley, has adopted the agreements with Milburn and Co. The terms of the sale are: £BOO payable on July 31. 1936; £l2OO on October 31. 1936; £lOOO, January 31, 1937; £lOOO, April 30. 1937. The balance of the purchase money, £ll,OOO, is to be secured by a debenture over all the Nevis Diesel Company’s assets, for a term- of two years, and bearing interest at 5 per cent, per annum. The. Nevis Diesel Electric Dredging Co., Ltd., had nlso the right to appoint a director to the board of the new company, and Mr. George Thompson, of Dunedin, has taken his seat, and will represent the Nevis Diesel interests. Mining Shares in London Bv Telegraph—Press Assn —Copyright.. London, July 24. Sales of mining shares include: —New Guinea, 4/4-}; Mount Lyell, £l/0/9.