FROZEN MEAT TRADE

Dominion, Volume 31, Issue 242, 9 July 1938, Page 14

FROZEN MEAT TRADE

London Lamb Market Easier

CHILLED BEEF FIRM

Lamb market: Prices lor second quality and prime heavyweights easier; others steady. Oonouu-ption continues (satisfactory. Mutton market; V eluers easier, owing to heavy supplies and slow trade; ewes, lightweights steady, with others easier. Beef market: Chilled beef, better prices owing to lighter supplies. A'ew Zealand porker pigs: Trane stow with heavyweights weaker. hew Zealand bacouer pigs: Market steady and unchanged. The above report was received yesterday by the Meat Board from its London office, wfiich advises that, the following are the ruling pr.ces of wholesale quantifies of the descriptions of frozen meat mentioned, and are lor representative parcels of the goods sold on Thursday. Chilled beef prices are averages of the week, on which this list is issued. All prices are on the basis of delivered to Smithfield market. Prices for the previous week are shown in parentheses:— New Zealand sheep: Crossbred wethers and/or maiden ewes, 481 b. and under, ssd. (5 7-Bd.), fid.; 4l)lb. to 561 b., 5 3-Bd. (5Jd.), old.; 571 b. to 641 b., 5 l-Bd. (old.), aid.; 651 b. to 721 b., 4 7-Bd. (5d.), sd. Ewes, 481 b. and under, 4d. (4d.), -Id.; 491 b. to 561 b., 3Jd. (3Jd.), 3 5-Bd.; 571 b. to 641 b„ 3id. (3 3-8(1.), 3 3-Bd.; 651 b. to 721 b., 3 l-Bd. (3Jd.), 3Jd. New Zealand lambs: 361 b. and under, 7Jd. (7jfd.), 7 5-Bd.; 371 b. to 421 b., 74d. (7id.), 7sd.; 431 b. to 501 b.. 7jd. (7 3-Bd.), 7 3-Bd.; second qualityaverage about 311 b., 7d. (7 1-Sd.), 73d. Other South Island, 361 b. and under. 74d. (74d.), 7 5-Bd.; 371 b. to 421 b., 74-1. (7id.), 7Jd. ;-431b. to 501 b., 7Jd. (7 3-Bd.) 7 3/>d. North Island Downs-, 361 b. and under, 7Jd. (7 5-Bd.), 7 5-Bd.; 371 b. to 4‘2lb„ 7id. (7Jd.), 7id.; 431 b. to 501 b„ 7dd. (7 3-Bd.), 7 3-Bd.; second quality, average about 301 b., 7i<l. (7 3-Bd.), 7Jd. North Island, first quality, 361 b. and under, 7 3-B<l. (7 3-Bd.), 7jd.; 371 b. Io 421 b., 7 3-Bd. (7 3-Bd.), 7 3-Bd.; second quality, average about 311 b., 6 7-Bd. (7d.), 7 1-8(1. Australian lambs: Victorian, first quality, 291 b. to 361 b., 7 d-Bd. (7d.), 7d.; 371 b. to 421 b., 7(1. (6 7-Bd.), 6 7-8 d . Argentine lambs: First quality, 361 b. and under, 7d. (7d.). 7d.; 371 b. to 421 b.. 6RI. (6Jd.), 6Jd. New Zealand frozen beef:_ Not quoted. Australian frozen beef: Not quoted.

New Zealand porker pigs: First quality, 611 b, to SOlb., 6Jd. (6}d.), 6 7-Bd.; 811 b. to 1001 b., 6 5-Bd. (6Jd.). 6fd.; 1011 b. to 1201 b., 6Jd. (6 7-Bd.), 6 7-Bd. New Zealand bacon er pigs: 1211 b. to 1601 b., 6!(J. (63d.), Gid. New Zealand chilled beef: Ox hinds. sid. (5 1-8(1.), s:}d.; ox fores, 3id. (2 7-Bd.), 3d. zVustralian chilled beef: Ox hinds, 5 l-Bd. (4 5-Bd.), 44d.; ox crops, 3Jd. (2 5-8(1.), 2 5-Bd. ' South African chilled beef: Ox hinds, 53(1. (5 3-Sd.) ; ox fores, 3}d. (2}d.). Southern Rhodesian chilled beef: Ox hinds, 4 5-8(1. (4.1<1.). 41(1.; ox fores, 2 7-Bd. (2 l-Bd.). 2 l-Bd. Argentine chilled beef: Ox hinds. 6pl. (6 1-Sd.), 6 1-Sd.; ox fores, 3 5-Sd. (SJd.), 3 1-Sd.. Uruguayan chilled beef: Ox hinds, 5Jd. (5.M.), 5k1.; ox fores, 3 3-Sd. (2 ’ p’raziraii chilled beef: Ox hinds, 5Jd. (5c1.). sd. The market is quiet, says a report received by Levin and Co., Ltd., from their London agents. Compared with la*»t week’s quotations, Down lamb, 28/361!)., and second quality lambs, Jd. a lb. lower; wethers, all grades, 1-Sd. a lb. lower; ewes, 561 b. to 721 b., 1-Sd. per lb. lower. Others unchanged. Henry S. Bitter and Sons, Ltd., have received 'the following cabled report from their London office:—Lambs: There is, a fair demand. The market is weaker tor second quality; first grades remain linn. Wethers: There is only a poor demand, and larger suppl'es have caused, prices to weaken. Ewes: The market is quiet ami unchanged. 'Chilled beef: There is a good demand for hinds, but only a slow sale for fores. Pork: Trade is slow. Trade generally is fair.

MARKETS FIRM

Australian Stock Exchanges By Telegraph.—Press Assn.—Copyright. (Received July 8, 8.50 p.in.) Sydney, July 8. A smaller volume of business was transacted on the Sydney Stock Exchange to-day, industrials retaining their strong tone. .Most of the price movements were toward higher levels. Sales included: — £ e. d.

Taranaki Oil 0 14 2 Morning sales included:—Commonwealth Bonds, 4 per cent., 1938, £lOl 3/9; 4 per cent., 1953, £lO5/10/-; Commercial Banking Co. of Sydney, £2O 10/-; Tooth’s Breweries, 54/6; Australian Glass, 96/9; Broken Hill Proprietary, 60/6; Burns, Philp, 53/(3 ; Dun-lop-Perdriau Rubber, 22/6; Farmers (New Zealand delivery), 32/-. Melbourne, July 8. On the Stock Exchange of Melbourne to-day the bond market showed continued strength. Commercial Banks firmed on the higher dividend. Other in-

Commercial Bank of Sydney 20 10 0 E.S. and A. Bank o 0 Union Bank 8 12 6 Colonial Sugar ... 46 12 •_) Associated News 1 0 0 Ditto, pref 1 o 9 Adelaide Steam . 1 14 0 Australasian 1'aiper .1 10 o Tooths and Co 14 V) G. J. Coles 4 4 t> Australian Glass ■ 4 16 9 N.Z. de4i livery 1 Farmers', N.Z. delivery .... 1 12 0 W. Adams 0 17 41 Standard Cement 1 1 4 Woolworths, Ltd 1 <4 Felt and Textiles 1 13 0 Dalgety and Co s 4M 0 Goldsbrough Mort ........ 1 ■8 9 Greater J. D. Williams .... 0 4 0 Fairymead Sugar 1 10 10 Electrolytic Zine 3 6 Mount Lyell 1 10 0 Broken Hill Ppty o 0 3 North Broken Hill MU 11 6 South Broken Hill 1 14 0 Sulphide Corporation 0 10 6 Loloma Mines 1 1 9

dustrials were quiet, slightly easier. Sales Barriers \ included: — vere Commercial Bank of Aust. 0 16 7 National Bank, £5 paid 0 15 0 British Tobacco 1) Carlton Brewery ... 6 0 G. j. Coley . . . . • 4 4 3 6 Australian Glass 4 17 Dunlop-I’erdriau 1 — 6 Ditto, pref —4 0 0 Goldsbrough Mort Trust 1 8 9 Capel Court Invest. 0 3 6 Electrolytic Zinc/ ... £ 3 9 Ditto, pref 7 9 Mount Morgan 0 10 10 Mount Lyell 1 9 9