FROZEN MEAT TRADE.

Manawatu Standard, Volume LIV, Issue 296, 12 November 1934, Page 5

FROZEN MEAT TRADE.

LAMB TRADE QUIET.

BETTER DEMAND FOR MUTTON.

Lamb market: Quiet, and trade slow owing to large supplies of homo-killed meat. Mutton market: Wethers meeting with better demand. Ewes, firm with better prices. Beef market: Frozon beef meeting with fair demand. N.Z. porker pigs: Fair trade, but prices easier owing to heavier supplies. N.Z. baconer pigs: Nominal. The above report was roceived on Saturday by the Meat Board from ite London office, which advises that the following are the approximate average prices realised for tho week ended November 9, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of tho goods offering during the week, being for business done on the basis of delivered to Smithfield market and/or ex London stores. Prices for the two previous weeks are also shown: Now Zealand sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 481bs to 561 b 4|d (4id, 4 5-8 d); 571 bto 641 b, 4 5-8 d ((same); 651 b to 721 b, 4id (4id, 4 3-8 d); North Island, 481 bto 561 b, 4id (4|d, 4 5-8 d); 571 bto 641 b, 4|d (same); 651 bto 721 b, 4*d (4R 4 3-8 d); ewes, 481 b and under, 3 3-4 d(3 5-Bd, 3 5-8 d); 481 bto 641 b, 3 3-8 d (3id, 3id); 651 b to 721 b, 3£d (3d, 27-8 d). New Zealand lambs. —Canterbury, 361 b and under, 6 7-8 d (same): 371 bto 521 b, (same); 431 bto 501 b, 5 2 d, [bid, 5 5-8 d); second quality, average 32, 6RI (same); other South Island brands, 361 b and under, 6 7-8 d (same); 371 bto 42!b, (same); 431 b to 501 b, s£d (s£d, 5 5-8 d); selected North Island brands, 361 b and under 7gd (same); 371 b to 421 b, (same); 431 b to 501 b, sid (s£d, 5 5-8 d); second quality, average, 321 b, 61,-d (same); other North Island brands, first quality, 361 b and under, 6 5-8 d (same); 371 bto 421 b, 6 3-8 d (same); second quality, average 321 b, 6d (6d, 6gd). Argentine lambs. —First quality, new season’s, 361 b and. under 6id (6jd, 371 b to 421 b, 6d (6d, sgd). New Zealand beef. —Ox fores, 2gd (same) ; hinds, _3jd (same). Argentine chilled beef. —Ox fores, 3Jd (same); hinds, 4|d (sd, sd). Australian frozen beef. —Ox crops, over 1001 b, 2|d (2id, 2|d) ; hinds, over 1601 b, 3id (same). New Zealand prime porker pigs.—6olb to 801 b, (6R 63d) ; 811 b to 1001 b, 6R (6£d, 6gd); 1011 b to 1201 b, bid (6d, 6d). Now’ Zealand baconor pigs: 1201 b to 1601 b, 6|d (same).

OTHER REPORTS. GENERALLY STEADY MARKET. LONDON, Nov. 10. Australian sheep.—Ewes, 301 b _to 351 b, 3jd. Argentine sheep: First quality, crossbred wethers, 651 b to 721 b, 33d. Australian lambs.—Other States than Victoria, first quality. 361 b and under, 6|d. Victorian, second quality, 361 b and Under, 6id; other States, second quality, 361 b and under, 6£tl. Argentine lambs: First quality, 361 b and under, 6£d; 371 b to 42!b, 6d. Australian pigs.—First quality, 601 bto 1001 b average about 801 b, 6£d; 1011 bto 1201 b, 53d. Tho Bank* of Now Zealand (produce department) has received the following advice from its London office as at close of business last week: —There is a good demand for wether mutton and tho market for ewes is steady. Largo supplies of fresh meat are affecting the demand for lambs, and trade is slow. There is a steady demand for beef. Wethers, light, 4jjd to 43d per lb; heavy, 4d to 4§d; owes, 2j|d to 3{)d; lambs. 2’s, 6|d to 6gd; B’s, 6jd to 6£d; 4’s, s|d to s|d; seconds, 6d to 6j)d. Beef: Ox binds, 3d to 3§d; fores, 2£d to 2|d. Levin and Co., Lid., have received tho following report from their London agents, dated November 9:—North Island Down lambs, 281 b to 361 b, 7£d per lb; 361 b to 421 b, 63d; best North Island crossbred lambs, 281 bto 361 b, 6^d; 361 b to 421 b, 6£d; North Island second quality lambs, average 301 b to 311 b, 6£d; best North Island wether sheep, under 481 b, 43d; 481 b to 561 b, 4£d; 561 b to 641 b, 4gd; 641 b to 721 b, 4-Jd; North Island owes, under 481 b, 33d; 481 bto 561 b, 3 2 d; 561 b to 641 b, 3£d; 641 b to 721 b, 3£d; Now Zealand prime ox beef, 1601 b to 2201 b, _23d. Compared with last week’s quotations, lamb is unchanged. Wcthcfs, under 481 b, fd per lb lower. . Ewes, under 561 b, £d per lb higher; . 561 b to 721 b, £d per lb higher. Others unchanged.

RETAIL PRICES OF NEW ZEALAND MEAT IN LONDON.

The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail prices were being quoted for New Zealand lamb and mutton retailed in London during October, 1934. These prices represent a fair average of the prices quoted by the bettor class shops in London for the best quality of New. Zealand lamb and mutton New Zealand lamb. —Legs, 12d per lb; shoulders, lOd; loins, lOd; necks, 6d; breasts 3d; forequarters 7id; hindquarters, lid. New Zealand mutton (wethers).— Logs, 9jd per lb; shoulders, 8d; loins, 8d; necks, 4d; breasts, 3d. RAW MATERIALS. LAST WEEK’S CLOSING RATES. LONDON, Nov. 10. Friday’s closing prices for rawmaterials were as follow, those for November 2 being in parentheses:—Cotton: Liverpool quotation, good American middling, spot, 6.81 d a lb. (C.79d); December delivery, 6.53 d a lb. (6.54 d). Rubber: Para, sid a lb. (s£d); plantation smoked ribbed sheet, 6gd a lb. (6fd). Jute: November-December shipment, Indian jute, Dundee quotation, £ls 5s a tone (same). Hemp: OctoberDecember shipment, nominally £ls a ton; Copra: November-December shipment, South Sea, £7 12s 6d a ton (£7 15s); smoked, £7 7s 6d a ton (£7 10s); plantation llabaul, £8 12s 6d a ton (£8 15s). Linseed oil: £l9 a ton (£lB 15s. Turpentine: 44s 6d a. cwt. (45s 3d). FLUENZOL COMPANY. DIVIDEND OF 8 PER CENT. In the annual report of the Fluenol Proprietary, Ltd., reference is made to the death of the managing director, the late Mr Cecil W. Palmer, which conveys to Mrs Palmer and relatives recognition of Mr Palmer’s long and valuable work and which expresses sentiments of sympathy with them. The year, the report states, has been a difficult one. On the one hand higher payments have had to be met' on account of exchange on raw materials and taxation, and, on the other hand, the buying power of the public has been reduced. The policy pursued by the . directors has been fully justified by the satisfactory result achieved. The statement of accounts showed the net profit for the year ended September 30, 1934, as £1213 3s 9d, after making adequate allowance for bad debts, depreciation on building, stock, plant, etc., and also after providing for directors’ fees and income tax for the current year. It is recommended by the directors that a dividend of 8 per cent, per annum, absorbing £440, be paid for the year, that £SOO be transferred to a reserve account, and that the balance remain in the appropriation account. The report also states that the directors arc at the present time making every endeavour to place on a firm footing the manufacture and distribution of Q-tol in the Commonwealth of Australia, and the prospects look particularly bright, but it is pointed out that it must be remembered that it will take a considerable time to establish Q-tol-FJuenzol products firmly on the Australian market, as it did in New Zealand. *