STILL VERY FIRM

Evening Post, Volume CXXV, Issue 107, 9 May 1938, Page 12

STILL VERY FIRM

FROZEN LAMB PRICES Priccs for frozen lamb in London remain very firm, with excellent output, according to the 'weekly cable received by the New Zealand Meat Producers' Board. On the mutton market wethers are unchanged. For ewes trade is slow, with the tendency weaker. There are no frozen beef j quotations. Chilled beef prices, in spite of heavy supplies, remain steady. New Zealand porker pigs are meeting with the usual seasonal decline in demand. The market is quiet. Baconer pigs are steady and unchanged. The board advises that the following are 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 market. Prices for the previous week are given in parentheses. New Zealand Sheep: Crossbred wethers and/or maiden ewes. 48 and under, 5 7-8 d a lb (5 7-8 d); 4956, s£d (5Jd); 57-64, 5d (sd); 65-72, 4 7-8 d (4 7-8 d); ewes, 48 and under, 4d (4d); 49-56, 3Jd (3id); 57-64, 3Jd (3 3-8 d); 65-72, 3£d (3Jd). New Zealand Lambs. —Canterbury, 36 and under, (73d); 37-42, 7 5-8 d (7 5-8 d); 43-50, 7£d (7-jd); second quality, average about 31, 7£d (7£d); othfer South Island, 36 and under, 7fd (7Jd); 37-42, 7 5-8 d (7 5-8 d); 43-50, 7id (7*d). North Island downs. 36 and under, 7 7-8 d (7 7-8 d); 37-42, 7 5-8 d (7 5-8 d); 4350, 7Jd (7id); second quality average about 30, 7 5-8 d (7 5-8 d); North Island, first quality, 36 and under, 7 5-8 d (7 5-8 d); 37-42, 7id (7£d); second quality average about 31, 7£d (7|d). Australian Lambs.—Victorian, first quality, 29-36, 7 l-8d (7 l-8d); 37-42, 7d (7d). Argentine Lambs. —First quality, 36 and under, 7d (7d); 37-42, 6 3-8 d (6 3-8 d). New Zealand Frozen Beef.—Not quoted. New Zealand Porker Pigs.—First quality, 61-80, 7d (7d); 81-100, 7d (7d); 101-120, 7d (7d). New Zealand Baconer Pigs.—l2l-160, 7d (7d). New Zealand Chilled Beef.—Ox hinds, 145-210, not quoted (41d); fores, 145-210, not quoted (3|d). Australian Chilled Beef.—Ox hinds, 145-210, 4£d (4 3-8 d); crops, weights corresoonding, 3Jd (3 3-8 d). Unio*n of South Africa Chilled Beef. —Ox hinds, 145-210, not quoted (sid); fores. 145-210, not quoted (3 5-8 d). Southern Rhodesian Chilled Beef.— Ox hinds, 145-210, 4id fores, 145210, 2 7-8 d (2 7-8 d). . Argentine Chilled Beef.—Ox hinds, H5-210, 6d (6d); fores, 145-210, 33d Chilled Beef.—Ox hinds, 145-210 5 l-8d (5 l-8d); fores, 145-210, 3 3-8 d (31d). _ , Brazilian Chilled Beef.—Ox hinds, 145-210. 4!Jd (4 7-8 d). The Bank of New South Wales has been advised by cable from its London office, May 7:—Mutton, ewes 23 d to 4d per lb, wethers 4d to sfd; lamb, 7 l-8d to 7 7-8 d; pork, 6 7-8 d to 7d. FOREIGN EXCHANGES Closing direct rates as quoted by the Bank of New South Wales, Wellington, today for buying and selling foreign currencies, based on New Zealand currency were as follows: — £ 8. a. £ s. d. New Zealand on Buying. Selling. London—£N.Z. to £ stg. 100 T.T. 124 0 0 124 10 0 O.D. 123 10 0 124 8 9 Australia £A. to £N.Z. 100 .. T.T. and 0.1). 101 0 0 100 10 0 Fiji—£F. to £N.Z. 100 .. T.T. and O.D. 90 7 6 89 0 0 New York—Dollars to £ XZ 1 T.T. 4.0278 3.9930 O.D. 4.037 C 3.9970 Montreal—Dollars to £ KZ 1 T.T. 4.0492 4.0167 O.D. 4.0012 4.0207 Belgium—Belgas to £ N.Z. 1 T.T. 24.007 23.697 O.D. 24.082 23.708 Czechoslovakia —Korunas to £N.Z. 1 T.T. — 114.17 O.D. — 114.22 Denmark —Kroner to £ N.Z. 1. T.T. 18.203 17.893 O.D. 18.263 17.899 Finland—Marks to £ N.Z. 1 T.T. 184.97 179.17 O.D. 185.37 179.27 France —Francs to £ N.Z. 1 T.T. — 141.00 O.D. — 141.04 Germany—Relchsmarlts to £N.Z. 1 T.T. — 9.886 O.D. — 9.891 Greece—Drachmae to £ N.Z. 1 T.T. — 426.54 O.D. — 429.84 Holland—Fiorina to £ N.Z. 1 T.T. 7.305 7.155 O.D. 7.345 7.159 Italy—Lire to £N.Z. 1. T.T. — 75.95 O.D. — 76.00 Java —Florins to £N.Z. 1. T.T. 7.287 7.137 O.D. 7.327 7.141 Norway—Kroner to £ N.Z. 1 T.T. 16.182 15.892 O.D. 16.242 15.898 Noumea—Francs to £ N.Z. 1 T.T. — 139.75 O.D. — 139.79 Papeete—Franca to £ N.Z. I.' T.T. — 139.80 O.D. — 139.84 Sweden—Kroner to £ NZ. 1 T.T. 1d.788 15.493 O.D. 15.848 15.499 Switzerland—Francs to ■ £N.Z. 1 T.T. 17.671 17.401 O.D. 17.776 17.406 Chefoo—N.Z. Pence to 1 dollar T.T. - J®?, 1 '?? O.D. — 15 41-64 Hong ICone—N.Z. Tence to 1 dollar T.T. 18 19-64 18 43-G4 O.D. 18 17-04 18 43-64 India and Ceylon—N.Z. Pence to 1 rupee T.T. 22 7-64 22 2a-64 O.D. 22 5-64 22 25-64 Japan—N.Z. Pence to 1 Yen T.T. - 17 31-64 O.D. - 17 31-64 Manila—N.Z. Pence to 1 „ cso T.T. 29 35-64 30 3-64 1 O.D. 29 29-64 30 3-64 Shanghai—N.Z. Pence to 1 dollar T.T. — 15 21-32 O.IJ. — 15 21-32 Singapore—N.Z. Pence to 1 dollar T.T. 34 19-64 34 -5-3-O.D. 31 13-61 34 25-32 The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice. Based on the figures quoted by the Bank of New South Wales the New Zealand pound, compared with its original par value is equivalent to approximately 16s Id in London, £1 0s Id in Australia, 16s 5d in U.S.A., 16s 6d in Canada, £ 1 2s BJd in France, 16s sid in Italy, 9s 8d in Germany, lis 9Jd in Java, £1 8sJ j^d_in__Japan; __