FROZEN MEAT TRADE

Dominion, Volume 31, Issue 154, 26 March 1938, Page 14

FROZEN MEAT TRADE

London Lamb Market Steady CHILLED BEEF EASIER Lamb market: Tendency of market is steady at the unchanged prices. Bright weather encouraging consumption. Mutton market: Prices unchanged; trade slow. Beef market: Frozen beef demand slow owing to lower prices chilled. Chilled beef, prices easier owing to heavier supplies of Brazilian and Empire. New Zealand porker pigs: Dull owing to warm weather. New Zealand bacouer pigs: Steady and unchanged. The above report was received yesterday by the Meat Board, which advises that the following arc the ruling prices of wholesale quantities of the descriptions of frozen meat mentioned, and are for representative parcels of the goods sold on Thursday. Chilled beef prices are averages of the week. All prices are on the basis of delivered to Smithfield m Zealand sheep: Crossbred wethers and/or maiden ewes, 481 b. and under, 5 7-Sd.; 491 b. to 561 b„ 5Jd.; a7lb. to 641 b 5 l-Bd.; 651 b. to 721 b., 4£d. Ewes, 481 b. and under, 4Jd.; 491 b. to 561 b., 3Jd ; 571 b. to 641 b., 34d.; 651 b. to 121 b., 3 3-Sd. New Zealand lambs: Canterbury, 361 b. and under, 7 l-Bd.; 3lib. to 421 b., 7 l-Bd.; 431 b. to 501 b., 6 7-Bd.; second quality average about 311 b., 7d. Other South Island, 361 b. and under, 7 l-Bd.; 371 b. to 421 b., 7 1-8(1.; 431 b. to 501 b., 7d. North Island Downs, 361 b. and under, 7 l-Bd.; 371 b. to 421 b., 7 1-8(1.; 431 b. to 501 b., 7d.; second quality, average about 301 b., 7 l-Bd. North Island first quality, 361 b. and under, 7d.; 371 b. to 421 b., 7d.; second quality, average about 311 b., 6 7-Bd. Australian lambs: Victorian, first quality, 291 b. to 361 b„ 6Jd.; 371 b. to 421 b., 64d. 'Argentine lambs: First quality, 361 b. and under, 64d.; 371 b. to 421 b., 6 l-Bd. New Zealand frozen beef: Ox hinds, 1451 b. to 2101 b., ad.; ox fores, 4d. Australian frozen beef: Ox hinds, 5d.; ox crops, 4d. New Zealand porker pigs: First quality, 611 b. to 801 b., 6|d.; 811 b. to 1001 b., 6Jd.; 1011 b. to 1201 b., 6Jd. New Zealand baconer pigs; 1211 b. to 1601 b., 6fd. New Zealand chilled beef: Ox hinds, 4Jd.; ox fores, 3-Jd. Australian chilled beef: Ox hinds, 4 5-Bd.; ox crops, weights corresponding, 3 7-8(1.

Southern Rhodesian chilled beef: Ox hinds, 4d.; ox fores, 3d. Argentine chilled beef: Ox hinds, sfd.; ox fores, 43d. Uruguayan chilled beef: Ox hinds, 5d.; ox fores, 4d. Brazilian chilled beef: Ox hinds, 4 5-Bd. Levin and Co., Ltd., have received the following cable from their London agents, dated March 24: Frozen meat quotations are unaltered. The market is steady. Henry S. Fitte rand Sons Ltd. have received the following report from their London office:—Lambs: There is a fair demand. It is thought that prices will remain steady at present quotations. Wethers: Lower prices are expected in the near future owing to larger supplies arriving. Ewes: The market is rather easier. Chilled beef: The market is depressed owing to heavy arrivals from all sources. Pork: There is a fair demand. Trade generally is fair. LONDON WOOL SALES Crossbreds Slightly Easier ■ Bv Telegraph—Press Assn.—Copyright. London, March 24. At the wool sales to-daj' 7714 bales were offered, including 5086 New Zealand, and 6246 were sold. A good selection was offered, chiefly of New’Zealand crossbreds, which met with a keen demand. ‘ Rates generally were maintained. The Bank of New Zealand, produce department, lias received the following advice from its London office under date March 24: Competition remains active, but the market is not quite so good. Prices for New Zealand merinos remain firm; crossbreds show a slightly easier tendency. Bradford Tops Market Bv Telegraph—Press Assn.—Copyright. London, March 24. The Bradford tops market is firm put business is small. To-dav’s quotations compare with those

GOVERNMENT STOCKS London Market Prices , By Telegraph.—Press Assn.—Copyright, London, March 24. The following table gives Stock Exchange quotations for consols and colonial inscribed stocks compared with those of

Wellington Poultry Market Prices of live poultry in the Wellington market this week are quoted by Townsend and Paul, Ltd., as follows: — Fowls: White Leghorns, hens 1/9 to 2/6 each, cockerels 1/9 to 2/6, pullets 3/to 6/-. Black Orpingtons, hens, heavy 3/6 to 5/- each, medium 2/- to 3/6; cockerels, heavy 3/- to 4/6, medium 2/6 to 3/-. Rhode Island Reds, cockerels, heavy 4/-to 5/6 each. Ducks: Indian Runner, young 2/- to 3/6 each, old 2/- to 3/-; white, young 3/- lb 4/6, heavy 3/- to 4/6. Geese, 4/- to 5/- each. Turkeys, 1/- to 1/2 per lb. Overseas Wheat Markets By Telegraph.—Press Assn.—Copyright. London, March 24. Wheat cargoes to-day were firmer, but parcels were irregular. Futures: London, March, 41/0} a quarter; May, 40/o}. Liverpool. March, 6/7 7-8 a cental; May, 6/8 3-8; July, 6/8}; October, 6/7-}. The spot trade is steady. Australian, ex ship, 36/3 to 38/6 a quarter. The flour market to quiet. Australian, ex store, 27/- to 27/9 a sack. Chicago wheat futures: May, 86} cento a bushel; July, 83} cents; September, 84} cents.

previously cabled as follows:—' Mar. 24 Mar. Mar. Mar. 3 10 17 Merinos — d. d. d. d. 70’s . 28 28 28 28 . 264 26| 264 264 6O’s . 254 254 254 254 Crossbreds — 58’s 99 22 22 56’s . 194 194 194 194 50’s ........ . 174 174 174 . 174 46’s . *17 *17 17 *17 40’s . *17 *17 *17 *17 ’Nominal.

March 17:— Price. Return. £ e. d. £ fi. d. Consols, 21 p.c 74 0 0 2 10 Of Fund. Loan, 4 p.c. .. 113 «j 0 0 15 Of War Loan, 31 p.c. .. 101 15 0 1 10 Of Conv. Loan, 31 p.c. .. 100 15 0 1 10 lot Victory Bonds, 4 p.c. 109 10 0 1 0 Of C’wealth, 5, 1945-75 107 10 0 1 15 Ot C’wealth, 4, 1943-48 . 101 12 0 1 12 6t C’wealth, 3J. 1948-53 . 101 0' 0 1 10 Of C’wealth, 31, 1956-61 . 92 15 0 115 o;C’wealth, 3, 1953-5'8 .. 88 7 6 0 12 Of N.S.W., 41, 1935-45 .. 1)7 7 6 0 15 Of Victoria, 3, 1929-49 ... 94 16 3 1 11 3f Victoria, 4J, 1940-60 .. 103 11 3 1 6 3f Victoria. 5, 1945-75 .. 107 £> 0 2 0 Of Q’land, 3, 1922-47 .... 90 12 0 o 2 or Q’land, 5. 1940-60 .... 103 10 0 1 2 Ot S Aust., 3, 1916 (opt.) 77 12 0 1 10 0“ S. Austr., 5, 1945-75 .. 107 (j 0 1 15 0t W. Aust., 4, 1942-62 .. 100 7 6 0 17 Gt Tasm., 31, 1920-40 .. 101 0 0 1 0 Ot Tasm., 4, 1940-50 .... 100 10 0 O 15 Ot N.Z., 41, 1948-58 .... 102 y 0 1 5 0> N Z 34 1940100 0 1 .7 Of N.Z ’ 3 ” 1945 95 7 (5 3 5 Ot fHilgher. •Lower.