FROZEN MEAT TRADE.

Manawatu Standard, Volume LIII, Issue 231, 28 August 1933, Page 5

FROZEN MEAT TRADE.

STEADY DEMAND FOR LAMB. MUTTON FIRMER; MORE ENQUIRY FOR BEEF. Lamb market continues firm at the advanced prices with steady demand. Mutton market; Mothers firm; prices have advanced owing to shortening of spot stocks. Ewes are also firmer with upward tendency. Beef market: There has been more inquiry for frozen beef owing to increaso in prices Argentine chilled beet due to shorter supplies. Now Zealand porker pigs: Firmer, owing to temporary short supplies and slightly better demand. New Zealand baconer pigs arc also firmer, due to short spot stocks. 1 lie above report was received on Saturday by the Meat Board from its J.ondon office, which advises that the following are tho approximate average prices realised for the week ended August 25, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are foe representative parcels of the goods offering during the week, being for business done on tho basis of delivered to Smithfiold market and/or ex London stores. Prices for the two previous weeks arc also shown :

New Zealand sheep.—Canterbury and North Island selector! crossbred wethers and maiden owes: 481 bto 561 b 4 3-4 d (4 5-Bd, 4Jd); 571 b to 641 b, 4£rl (4d,’ 3 3-4(1); 651 bto 721 b. 3 7-8 d(3 3-4 d, 3Jd). North Island crossbred wothers and maiden ewes : 481 bto 561 b, 4 5-8 d (4id, 4Jd); 571 bto 64 lb, 4d (3 7-Bd, 3 3-4(1); 651 bto 721 b, 3 3-4 d (3 5-Bd, 3 3-8 d). Ewes: 481 b and under 3 3-4(1 (3jd 3 3-8 d); 481 bto 641 b, 3 3-8 d (3|d, 3gd): 651 bto 721 b, 3Ad (3d, 27-8 d). New Zealand lambs.—Canterbury: 361 b and under, 7j,d (7d, 6 3-4 d); 371 bto 421 b, 7&d (7d, 6 3-4 H); 431 b to 501 b, 6Jd (6id, 6gd); second quality, average, 321 b, 7d (6 3-4 d, 6 3-8 d). Other South Island brands: 361 b and under 7ad (7d, 6 3-4 d); 371 bto 421 b, 7£d (7d, 6 3-4 d); 431 bto 501 b, 6Jd (6Jd, Selected North Island brands : 361 b and under, 7|d 371 bto 421 b, (7id, 6 7-8 d); 431 bto 50 lb, 6Jd (6|d, 63d); second quality, average, 321 b, 7d (6 3-4<l, 6 3-8 d). Other North Island brands, first quality : 361 b and under, 7d (6 7-Bd, 6 5-8 d); 371 bto 421bs, 6 7-8 d) (6 3-4 d, 6 5-3 d); second quality, average 321 b„ 6 7-8 d (6 5-Bd, 6^d). Argentine lamb.—First quality : 36!b and under, 6Jd (6 3-Bd, 6£d); 371 b" to 421 b, 6 3-8 d (61d, 6d). New Zealand beef. —Ox fores, 2jd (2RI, 21d); binds, 27-8 d(2 5-8(1, 25-8 d); cow fores and hinds, not quoted. Argentine chilled beef. —Ox fores, 3jd (2 5-Bd, 21 d); hinds, 6 3-4<l (sid, 4Jd). Australian frozen beef. —Ox crops, over 1001 b, 25-8 d (2jd, 2Jd); binds over' 160 lb. 31 d (2 7-Bd, 2 3-4(1). Now Zealand prime porker pigs.—601 b to 801 b, 51d (sd, 4 3-4 d); 811 bto l"001b, 5d (4 3-4 d, 4 5-8(1): 1011 b to 1201 b, 4 7-8 d (4 5-Bd, 4gd). New Zealand baconer pigs: 1201 b to 1601 b, 5Jd (sd, 4 7-8 d).

OTHER REPORTS.

A FIRM MARKET. LONDON, Aug. 26. Australian sheep.—First quality crossbred and/or Merino wethers, 401 b to 651 b, 33d; second quality, 301 bto 551 b, 3£il; owes, 301 b to 551 b, 3j(d. Argentine sheep.—First quality crossbred wethers, 481 b to 641 b, 4kl; ditto, 651 b to 721 b, 33d. Patagonian sheep. Wethers and/or maiden ewes, under 501 b, 43d; ditto, 501 b to 601 b, 3|d; ewes, 401 b to 501 b, 3jd. Australian lambs. —Victorian, first quality, 361 b and under, 6|d;. 371 b to 421 b, none offering; other States, first quality, 361 b and under, and 371 b to 421 b none offering; Victorian, second quality, 361 b and under, 6Jd; other States, second quality, 361 b and under, 6|d; all States, third quality, average about 261 b, 6jjil. Argentine lambs.—First quality, 361 b and under, 6|d; ditto, 371 b to 421 b, 6|d; second quality, average about 281 b, 6Jd.

Australian pigs.—First quality, 601 b to 1001 b, 5Jd; ditto, 1011 b to 120ib, sd.

Tho Bank of New Zealand’s produce department has received the following advice from its London office ns at close of business last week : —Smaller supplies of wethers have caused prices to harden. The market for owes is firm, with an upward tendency. The demand for lambs is moderate, but prices arc firm. The market for beef is more active owing to shorter supplies from the Argentine. Wethers, light, 4cl to 5Jd per lb; heavy, 3RI to 3gd; ewes, 2jjd to 3Jd; lambs, 2’s, 7d to 7id; B’s, 6Jd to 7id; 4’s, bail to 6id; seconds, 6ijd to 7d. Beef: Ox hinds, 2sd to 3d; fores, 2/cl to 2/d; cow binds, 2|d to 2|d; fores, l|d to 2^(l. The market continues firm, says a cable message received by Levin and Co., Ltd., from their London agents. Compared with tho previous week’s quotations, alt grades of lamb R 1 per lb higher; wethers, under 481 b, gd per lb higher; 481 b to 721 b, id petlb higher; owes, under 641 b, id per lb higher; prime ox beef, |d per lb higher. Smithfiold “delivered” prices are quoted as follow: North Island Down lambs, 28 lb to 361 b, 7gd per lb; 361 b to 421 b, 7/d; best North Island crossbred lambs, 281 b to 361 b, 7-id; 361 b to 421 b, 7id; North Island second quality lambs, average 301 b to 31 lb, 7d; best North Island wether sheep, under 481 b, sid; 481 b to 561 b, 43d; 561 b to 641 b, 4ad; 641 b to 721 b, 3gd; North Island ewes, under 481 b, 3§d; 481 b to 561 b, 3|d; 561 b to 641 b, 3Jd; 641 b to 721 b, 3d; Now Zealand prime ox beef, 1601 b to 2201 b, 2gd.

RAW MATERIALS. LITTLE CHANGE IN PRICES. LONDON, Aug. 25. Friday’s closing prices for raw materials were as follow, those for August 18 being in parenthonses:— Cotton. —Liverpool quotation, good American middling, spot, 5.53 d a lb (5.66 d); September delivery, 5.43 d a lb (5.42 d). Rubber. —Para, sid a lb (sid); plantation smoked ribbed sheet, 3 23-32 d a lb (3 25-32 d).

Jute. —Scptembcr-October shipment. Indian jute, Dundee quotation, £l6 7s 6d a ton (£l6 Is 3d).

Copra.—Scptembcr-October shipment, nominal, South Sea. £lO 5s a ton (same); plantation Rabaul, ,£lO 7s 6d (same).

Linseed oil. —£21 15s a ton (£22). Turpentine: 48s 9d a cwt (48s 6d). Osntiriilium: Unchanged.

FARMING NEWS. IvUHAL BAKINGS. A welcome fall of rain after llm spell of dry weather since llie beginning of the month was experienced in many parts of Canterbury last week. Tho winter has been an unusually dry one and crops and pastures are likely to benefit considerably, particularly as the fall has not been accompanied by cold temperatures. There has been a keen demand for draught horses in the bower Wairarapa Valley of late, and in several cases buyers have been unable to fulfil their requirements. It is understoood that the shortage was to some extent brought about owing to breeding having been neglected somewhat sinco the advent of the tractor. Now that many farmers have discarded their tractors, the demand for horses has been considerably increased. “In New Zealand we have proved that two special industries are so suitablo to our conditions that in them wc have outstripped tho world,” said Professor F. VV. Hilgendorf, in a paper read before tho New Zealand Grassland Association Conference at Christchurch. “These are the sheep and dairy industries. We have more sheep per head of population than any other country in the world —20, as compared with 17 in Australia and nine in Uruguay. In dairy cattle the position is still more marked, since per bead of population we have twice as many cows ns Denmark, Holland or Switzerland. This development has been possible because of our climate, the natural aptitude of our people, and the concentration and portability of the product.”

WELLINGTON STOCK EXCHANGE. LAST WEEK’S BUSINESS AND PRICES. Business was fairly brisk last week on the Dominion stock exchanges, and the volume of 1 lading was rather better than earlier in the month. Prices, on tho whole, were well maintained, but in a few cases, notably some banks, there was an easing from the recent high levels. Government loans wore generally (inn, and trading was slightly loss in volume. Tho 3/ per cent, stocks, 1939-43 anil 193843, sold firmly at £lOl. The 4 per cents.. 1940, were steady sellers at £lOl. the 1946’s at £IOO ss, (be 1949’s at £lOl ss, and the 1955's at £IOP 7s 6d to £IOO 15s. Local body debentures were closely bold, and little business was recorded. Amalgamated Brick and Pipe. 7/ per cents., 1944, v.ere traded at £92, Gisborne Sln-epfarmers, 61 per cents., 1941. at £BS, and New Zealand Fanners’ Co-operative 4/ per cents., 1945, at £SB 15s. Banks continued active, and a fair volume of business was recorded. Now Zcalands continued to show au casing tendency, and sales were made at 48s 6(1 down to 48s Id. The long-term mortgage shares bail a sale at, 325. Commercial of Australian -bowed minor fluctuations between 16s Id and 15s 10(1; the preference sold at. £8 15s. New South Wales eased from £33 to £32 10s, recovering later to £32 15s. Australasias were done at £l2 2s 6d, £l2 and £ll 16s 6d. Union of Australia sold at £9 2s, National of Australasia at £l3 Is, and the £5 paid at £b 6s and £6 3s 6d: and E.S. and A Bank at £5 6s 6d to £5 7s. National of New Zealand fluctuated between 80s and 82s 3d. Commercial of Sydney were firm at £l7 2s 6d to £l7 6s 6il. Insurance shares continued strong, Nationals being done at 17s 3d to 17s sd. New Zcalands at 52s to 52s 6(1, South British at 70s, and Standards at 595. Wellington Gas were very firmly traded at 33s Bd. Auckland Gas wore done at 23s 4d and 23s 3d. and tho contributing at 17s, Goidsbrcugli, Morts were rather better, 27s lid being the best price for the week. New Zealand Loan and Mercantile ordinaries were firm at £46 10s. More activity was seen in meat shares. Southlands sold steadily at 51s and the contributing at 25s 9d. Gears bad business at 31s and 30s 9d. New Zealand Refrigerating, paid, firmed from 15s lid to 16s 2d, and the 10s paid sold up to 7s Id. In shipping. Huddart-Parkers sold at 30s 6(1 anil P. and O. deferred stock at 22s 9cl. Westport Coals cased front 13s Id to 12s 9il, and Kailangatas were done at 225. Much strength was shown by New Zealand Breweries, which moved up on active trading to 35s Bd. Staples were done at 26s 2d and 25s 6d, and Tooth’s at 37s 9d. In tho miscellaneous section. Colonial Sugars showed nil easier tendency, sales being made at £SB 17s 6(1 down to £SB. Wilsons Caincnt moved at 34s 3d, 345, and 24s 6d. Consolidated Bricks were easier on sales at 6s 3d and 5s 9d. Other sales in this section were: New Zealand Newspapers, 26s 3d; New Zealand Paper Mills, 27s sd; Farmers Fertiliser, 16s l/d; Dominion Fertiliser, 13s 611 and 13s 9d; Howard, Smith, 11s 2d to 11s sd: British Tobacco, 34s sd: Henry Jones, 37s 6tl; Farmers Auctioneering B pref., 15s; Robinson Icc Cream, 16s; and Otago Daily Times 435. Considerable activity was seen in goldmining shares, which bad an active turnover. Okaritos sold briskly at 12s to 12s 2d, and Gillespie’s Beach at 2s Id to 2s 3d. Waihis were firm at 24s Hid to 255, and Grand Junctions at 3s 10(1 to 4s Id. Blackwater were very firmly bold, only one sale being made at 34s 9cl. Alexanders wero active traders, the fully-paid at 23s to 23s 4(1 and 13s 6d paid at 23s 3d to 22s 9d. Bell Hoopers sold at 9d to 9jd and Bell Kilgours mostly at Is 4d. Biff Rivers wore done at Is 5d and Is 6d. Wattaims at 7s 5d and 7s 3d, and Central Shotovers at Is 0/d to Is.

SAT UR DAY’S QU OVATION S. Buying and celling quotations at Saturday morning’s call on the Wellington Stock Exchange were as tollow; — Buyers. Sellers.

BRITISH TREASURY BILLS. (British Official Wireless.) RUGBY, Aug. 25. Applications for to-day’s tenders for Treasury bills totalled £75,415,000. Tho amount allotted in bills at tbreo months was 45 million pounds. The average rate per cent, of tenders accepted was 7c 1.64 d per cent., ns compared with 6s l.Ood per cent, lact week.

GOVERNMENT STOCKS. LONDON, Aug. 24. Quotations of Government stocks on the London Stock Exchange compare with those of a week ago as follow:

BASE METALS MARKET. PRICES SLIGHTLY FIRMER. LONDON, Aug. 25. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled :

Britain lias now about half a million women drivers of motor-cars, or which total some 150,000 own their own cars.

N.Z. GOVT. LOAN'S— i 2$ d. 11 S. d. 4 p.c. Bonds, 1940 ...101 0 0 — 4 p.c. ditto, 1946 100 5 0 — 4 p.c. ditto, 1949 101 0 0 — 4 p.c. ditto, 1955 — 101 2 6 llural Advance Bond p.c. lilts. Stock, ya 10 0 1939-43 100 10 0 — 31 p.c. ditto, 1939-52 ...100 2 6 — 31 p.c. ditto, 1938-43 ...100 10 0 — 3! p.c. ditto, 1938-52 ...100 2 6 — 4 p.c. ditto, 1940 101 0 0 — 4 p.c. ditto, 1946 100 5 0 — 4 p.c. ditto, 1949 101 0 0 101 12 6 4 p.c. ditto, 1955 100 7 6 100 15 0 DEBENTURES— Auck. City, 5i p.c., 1944 100 0 0 — Chch. City, 5i p.c., 1944 100 Dunedin City, 51 p.c., 0 J - 1944 100 10 0 — Well. City, 51 p.c., 1940 100 10 0 — Well. Harb. Bd., 5i p.c., 1940 100 Welt. City, 41 p.c., 0 0 1/7/1953 100 Alakerura l)ge. Bd., o 7 6 0 p.c., 1946 Eastbourne Boro., 6 95 0 p.c., 1947 — 99 0 0 \\ ed. Gas Co 102 10 Well. Racing Club ... 93 Amalgd. Brick and 0 0 Pipe 90 0 0 94 0 0 BANKS— Australasia 11 14 0 12 4 0 Eng., Scot, and Aust. 5 National of N.Z 4 5 0 — 0 0 4 2 0 National ot Australasia, £10 paid — 13 2 0 Ditto, .95 paid — 6 0 0 New South Wales — *32 15 0 New Zealand 2 7 9 2 8 3 Union of Aust 9 1 0 — Ditto, Mclb. reg 9 FINANCIAL— 0 0 — Abraham and Williams, — 2 10 0 Dalgctv and Co 8 17 6 9 6 0 N.Z. Guar. Corp., ord. — 0 6 10 Well. Invest., T. & A. 0 4 3 — W'ell. Trust Loan 3 16 0 — GASGisborno 0 4 0 Napier, prof 9 10 0 — Wellington, prof 1 1 0 — INSURANCE— South British 3 10 0 — MEAT PRESERVING— Gear Meat 1 10 0 1 11 0 N.Z. Ref rig., Ill paid — 0 16 3 Ditto, 10s paid 0 7 3 — Well. Meat Ex., prpf. 0 15 0 — South. Frozen Meat 2 10 0 2 11 0 TRANSPORT— Union Steam, pref. ... 1 3 0 — P. and O. def. - stock 1 COAL— 2 6 0 13 3 Kaitangata 1 TIMBER— 1 9 — Ley land-O'Brien — 0 18 3 BREWERIES— N.Z. Breweries 1 15 3 1 16 0 1 6 0 MISCELLANEOUS— British lobacco Aust., 1 14 7 Con. Brick and Pipe Dental and Medical — 0 6 3 Supply 0 Donaghv’s Rope and 6 6 Twine 2 Electrolytic Zinc. 8 0 0 — p.c., part prof 1 11 9 1 12 3 N.Z. Banners’ Fertililiser *0 15 9 — Sharland and Co., ord. 1 0 0 — Ditto, prof 1 Prestige (N.Z.), Ltd., 0 0 — prof 1 0 0 1 2 6 N.Z. Newspapers 1 6 0 2 0 0 MINING— 0 1 7 Gillespie’s Beach 0 2 2i 0 2 4 Mount Lyell — 1 1 7 3 1 12 0 0 12 6 4 9 1 5 3 Waihi Grand Junction 0 3 10 0 1 4.1 Bell Iloopcr — 0 0 10 ’’Cum. dividend.

V ariaPrice. tion. £ s d 3 <1 Consols, 21 li.c 74 0 0 5 Of Cum!. Loan. 4. 1960 90 111 5 0 7 6+ War l.oan, 34, after 1952 100 0 0 5 0+ Conv. Loan, 3A p.c. .. 100 10 0 7 6+ Victory lionds 4 p.e. ... n.108 16 0 25 O' C wealth, 5, 1945-75 .. 10b 15 0 1 6 1 C" wealth, b. 1931-41 .. 101 6 0 6 3t C’weaitli, ii, 1957 100 17 6 2 6t Victoria, 3, 1929-49 38 10 0 8 or Victoria, 1929-49 .. 94 10 0 2 6* Victoria, 6j 1930-40 . 105 5 0 7 6+ Victoria, 5, 1932-42 102 15 0 2 0+ Victoria 19-10 60 .. 105 7 6 12 6+ N.S.W., 3, 1935 100 10 0 10 ot N.S.W., 3i, 1930-50 .. 93 13 9 18 9+ N.S.W., 61. 1930-40 .. 100 C 0 Same N.S.W., 6, 1930-40 102 7 6 2 t>t Q’laml, 5 1940-60 100 7 6 8 91 Q’lanrl, 3, 1922-47 88 12 6 7 6f Q'latul, 6, 19o0-40 101 0 0 5 ot .\.Z. 4i, 1943-53 104 12 6 Same N.Z., &i. 1940 100 0 0 2 6+ N.Z., 3, 1945 93 5 0 8 9+ N.Z., 6. 1956-51 106 0 0 Same S. Aust., 1939 99 17 6 2 6+ S. Aust., 3, 1916/aftci 73 15 0 15 ot Ta-stu., 3j, 1920 40 99 0 0 1 3t Tasm., 3, 1920-40 96 15 0 15 ot \V. Aust. 34, 1920 35 ... 100 0 0 Same W. Aust., 3, 1915 35 .. ICO 12 6 10 ot \V. Aust. 6, 1930-40 .. 101 2 6 3 9* tHighor. * Lower. xLx. interest.

Copper— Aug.! K-i . £ s 24. d Aug. 25. Per ton. £ s d Standard, spot 35 4 44 35 12 6 Standard forward 35 8 9 35 16 104 *Klcct roly tic 39 10 0 39 5 0 to 40 0 0 40 0 0 Wire liars 40 0 0 38 17 6 Lead— Forward 11 17 6 12 2 6 Snot 12 2 6 12 6 3 Sneller — 16 16 3 16 17 6 Forward 16 16 3 16 18 9 Tin— _ . 213 8 9 214 12 6 Forward 213 2 6 214 7 6 Silver — Standard, per Fine +American. ‘American, oz . 17 7-8d 19 5-16d not quoted. 9 cents a lb. 17 3 -4d 19 5-16d