LAMB PRICES EASIER

Dominion, Volume 32, Issue 112, 4 February 1939, Page 14

LAMB PRICES EASIER

Mutton Market Depressed CHILLED BEEF FIRM Lamb market: Because of cold weather trade rather slow and prices are a shade easier. Mutton market: Trade remains depressed and values of wethers and lightweight ewes again easier. Beet maiket. Chilled beef firmer this week because or cold weather increasing demand. A-Z. porker pigs: Eight and mediumweights easier on the slow demand. -N.Z. baconer pigs: Firmer on the better Continental bacon prices. . The above report was received yesterday bv the .Meat Board from its London office which advises that the following tire the ruling prices of wholesale quantities of the descriptions of frozen meat mentioned and are for representative parcels sold on Thursday. Chilled beet prices aie averages of the week. All prices are on the basis of delivered to Smithfield market. Prices for the previous week are shown in parenthess• N.Z sheep: Crossbred wethers and/or maiden ewes, 7 (4id.) ; 491 b. to üblb., 35d. (o i-bd.) , 571 b. to (Dlb., 3Jd. (3 7-Bd.) ; bulb to 721 b., 3Jd. (3 7-Bd.) ; ewes 481 b. and under, 2 7-8(1. (3d.); 491 b. to uOlb., 2iu. (24d.) ; 571 b. to 641 b., 2Jd. (23d.) , bulb, to 721 b„ 2 3-Bd. (2 3-Bd.). NZ. lambs: Canterbury, not quoted. North Island Downs, 391 b. and under, 7-Jd. (7 5-Bd.) ; 371 b. to 421 b., 1 3d. (< 5-Bd.) ; 431 b. to 501 b, 7 1-8(1. (not quoted) ; second quality, average about 301 b, 7 3-Bd. (7 3-Sd.) ; NoiTh Is and, first quality, 361 b. and under, i 3-8(1. ( 1 Id.) . 3 < lb. to 421 b, 7 3-Bd. (73d.); second quality, average about 311 b., 7 1-bd. Australian lambs: Victorian, first quality, 291 b. to 301 b, 02d. (bid.) ; 3ilb. to 42Iib, Old. (03d.). - Argentine lambs: First quality, obb. and under, 9:}d. (03d.) ; 3ilb. to 4—lb., 6(1. (6d.). , o , ~ N.Z. frozen beet: Second quality, ox hiuds, 1451 b. to 2101 b, 4d. (4 1-8(1.); ox fores, 1451 b. to 2101 b, 3d. (3d.). Australian frozen beet: Second quality, ox hinds, 4 l-Bd. (43d.) ; ox crops, 3d. ( 'n\Z. porker pigs: First quality, 011 b. to 801 b, 73d. (7 5-Sd.); 811 b. to 1001 b, 6 5-Bd. (0 7-Bd.) ; 1011 b. to 1201 b, b3d. N.Z. baconer pigs: 1211 b. to lbOlb, bid. (od.). Boneless bobby veal; Ex store, in parcels, 4 l-Bd. (4Jd.). N.Z. chilled beef: Ox hinds, 14ulb. to 2101 b, 53d. (53d.); ox fores, 1451 b. to 2101 b, 3 5-Bd. (33d.). Australian chilled beef: Ox hinds, 5 3-Bd. (5 l-Bd.) ; ox crops, 3 5-Bd. (33d.). South African chilled beef: Not quoted. South Rhodsian chilled beef: Ox hinds, 4Jd. (4,3 d. ; ox fores, old. (3id.). Argentine chilled beef: Ox hinds, 6 3-8(1. (0 3-Sd.) ; ox fores, 43d. (4 l-Bd.)_. Uruguayan chilled beef: Ox binds, 5 7-Sd. (5Jd.) ; ox fores, 3 7-Bd. (3Jd.). Brazilian chilled beef: Not quoted.

The market is quiet all round and the tendency generally is for lower prices, says a report received by Levin and Co, Ltd., from their London agents. Compared with last week’s quotations, lamb of all grades is l-Bd. a lb. lower; wethers are 1-8(1. a lb. lower; ewes, under 481 b, are 1-8(1. a lb. lower; others are unchanged. Quotations on a "delivered” basis are as follows North Island Down lambs, 281 b. to 301 b, 73d. a lb.; 361 b. to 421 b, 74<1.; best North Island crossbred lambs, 281 b. to 301 b., 7 3-8(1.; 301 b. to 421 b., 7 3-8 d ; North Island second quality lambs, average 301 b. to 311 b, 7 l-Bd.; best North Island wether sheep, under -181 b, 4 5-Sd.; 481 b. to 561 b, 3}d.; 561 b. to 641 b, 3}d.; 641 b. to 721 b, 3Jd.; North Island ewes, under 481 b, 2 7-8(1.; 4Slb. to 561 b, 23d.; 561 b. to 641 b., 23d.; 641 b. to 721 b, 2 3-Sd. New Zealand prime ox beef, none offering.

IMPORT REGULATIONS Prospects Of Berlei (N.Z.) Ltd. “We are passing through different methods of business, and it is difficult to forecast very far ahead,” said Mr. J. A. Gentles, chairman of directors of Berlei (N.Z.), Limited, nt the annual meeting at Auckland on Thursday. "Preferential treatment has been promised to manufacturers, and we can only hope that we will be permitted to import sufficient raw material to cater for our increasing turnover.”

The company was facing substantially increased costs, said the chairman. Wages and salaries had been increased, and this year the additional burden of social security taxes would be borne. However, the increase in sales of 6} per cent, had taken care of additional manufacturing costs and overhead expenses. The factory had produced 408,000 garments during the past year.

Rates and taxes had absorbed £21,684. The firm used £59,764 worth of materials during the year, and approximately 300 persons were employed. Wages and salaries amounted to £36,500. A section adjoining the factory had been purchased, and this would provide for any future extensions. In the meantime, two houses on the section were providing some return. The factory manager, Mr. R. Moore, had visited the United .States and Canada last year. A visit to the United States, Canada and the United Kingdom would be made this year by the majiaging director, Mr. S. S. Scott, who would investigate further sources of supply, particularly in England, in view .of the import control regulations. Reference was made to the death of Sir Harold Beauchamp, who had been a director since the contnany’s inception. The retiring directors, Messrs. N. L. Brodziak and S. S. Scott, were re-elected. DOMINION INVESTMENT Interim Dividend Unchanged AUCKLAND. February 3. An unchanged interim dividend at the rate of 5 per cent, per annum has been declared by the Dominion Investment and Banking Association. Ltd., payable on February 20. The dividend was announced after the directors had considered the accounts for the half-year ended December 31. and the continued satisfactory progress being made. BASE METALS MARKET Copper Steady; Others Easier By Telegraph.—Press Assn.—Copyright. LONDON. February 2. The official London (middle) quotations compare with those previously cabled as

Statistical Position Of Tin. LONDON, February 2. The statistical position of tin at the close of January compares with previous

follows:— Feb. 1. Feb. 2. Per ton. Per ton. Copper— £ 8. <1. £ s. d. Standard, spot . .. 42 16 10* 42 1<8 1J Ditto, forward . 43 3 1A 43 3 9 Electrolytic ... 48 10 0 48 0 0 to 49 5 0 49 0 0 Wire bars ... 49 5 0 49 0 0 Lead— Spot. .. 14 9 4A 14 5 7* Forward ... 14 14 4j 14 10 7J Spelter— Spot ... 13 13 14 13 11 101 .. 13 19 4A 13 10 10* Tin— fSpot ... 21(1 2 11 215 7 0 Forward .. 214 17 6 214 7 0 Silver— Standard, an oz. . 19 15-10d. 19 15-Kid. Fine, an oz. ... ... 211(1. 2110. f American 46.05 cents a lb. .

periods as follows:— Doc. oct. .1 an. Tons. Tons. Tons. World visible supplh s 20.655 20.898 21.921 Straits carryover ... . 6.610 0.947 9.065 . 8.655 6.454 8,770 7,744 elivcrics 8,219 5 837