A WEAK MEAT MARKET.

Evening Post, Volume CXII, Issue 106, 31 October 1931, Page 16

A WEAK MEAT MARKET.

Messrs. Levin and Co., Ltd., have received the following cable from their London agents, dated 30th October, 1931:— Frozen meat quotations: Best North Island crossbred lambs, 28/361bs, 7%d per lb, 36/421bs 6 5-8 d; North Island second quality lambs, average, 30/311bs, 6Kd;. North Island wether sheep, under 481bs, 4%d, 48/561bs 4d, SG/641bs 3 7-Bd, G4/721bs 3 5-8 d; North Island ewes, under 481bs 3%d, 48/561bs 3d, 56/641bs 2%d, 64/721bs 2 l-8d; New Zealand prime ox beef, 160/2201ba, 3 3-Bd. Compared with last •week's quotations, best North Island crossbred lambs and North Island second quality lambs, %d per lb lower; best North Island wethers, under 481bs, %d per lb lower, 48/561bs l-8d per Ib lower; North Island ewes, 64/721bs, 3-8 d per lb lower; others unchanged; The market is quiet, with prices weakening. The Bank of New Zealand Produce Department has received the following advice from its London office as at close of business this week: "The reduction in prices of wether mutton has improved the demand. The market for ewes is quiet nnd unchanged. Larger supplies of lambs have caused prices to weaken. Australian and Argentine lambs are nuoted at 5%d to 7%d and 5d to o%d per lb respectively. Large supplies of beef due shortly arc having a weakening effect on the market. Trade generally is affected by heavy supplies from all sources."