LOWER LAMB

Evening Post, Volume CXV, Issue 47, 25 February 1933, Page 14

LOWER LAMB

AN IMPROVED DEMAND

An improved demand for lamb at the lower prices, but not such an improvement as to correct its cause, is noted in the following advice received by the Bank of New Zealand produce department from its London office as at close of business this week:— "The market is short of supplies of wether mutton, and prices are nominal. Ewes are in short supply. The reduction in prices of lambs has improved the demand, but there is no indication, of an advance in values yet. The beef market is quiet but firm. Wethers, light 4%d to 5d per lb, heavy 3%d to 4%d; ewes, 2%d to 3%d; lambs, 2's 5%d to 6d, B's 5d to 5%d, 4's 49id to sd, seconds 5%d to 5%d; ox hinds, 3%d to 3 5-8 d; ox fores, 29id to 3d; cow hinds, 3d to 3%d, cow. fores 2ted t02%d." Messrs. Levin and Co., Ltd., have received, the following cablegram from, their London agents, dated February 24:— "Frozen meat quotations (prices on a "delivered" basis, i.e., including storage charges, cartage, market tolls, etc.), arc as follows:—North Island Down lambs, 28 to 361b, 59id per lb; North. Island Down lambs, 38 to 421b, 5 l-8d per lb; best North Island crossbred lambs, 28 to 361b, 5%d per lb; best North Island crossbred lambs, 36 to 421b, Sd per lb; North Island second quality lambs, 30 to 311b, averaged sd; best North Island wether sheep, 481b, 4%d per lb; best North Island wether sheep, 48 to 561b, 4 5-8 d per.lb; best North Island wether sheep, 56 to 641b,,4 5-Bdjper lb; best North Island wether sheep, 64 to 721b 4%d per lb; North Island ewes, under 481b,' 3%d per lb; North Island ewes, 48 to 561b, 3 1-8 d per lb; North Island ewes, 56 to 641b, 3d per lb; North Island/ewes,. 64 to 721b, 2 5-8 d per lb. New Zealand prime ox beef, 160 to 2201b, 3%d per lb. Compared with last week's quotations, Dowa lamb 3-8 d per lb lower Best crossbred lamb and second quality lamb %d per lb lower. Best wethers, 48 to 561b and 64" to 721b, l-8d per lb lower. Others unchanged. The market continues weak and there is no sign of improvement. WHEAT RESEARCH' The Wheat Kesearch Institute, Christchurch, writes:-"The Wheat Kesearch Institute has to date received for testing 256 samples of wheat from the new season's cropland has milled and. baked them. The average baking score is about six points above that of the samples received to this date last, year, so that the season's crop is equal m quality to that of 1931. This recovery to normal quality will be most welcome to ""Hers and bakers, and shows that the difficult nature of last season's wheat was purely the result of the abnormal drought to whicn the wheat was subjected during its ripening period."