FROZEN MEAT PRICES.

New Zealand Herald, Volume LVII, Issue 17650, 10 December 1920, Page 8

FROZEN MEAT PRICES.

, POSITION IN NEW YORK. , :. Commenting ; upon the cabled ; Press 1 Association % message from New York, • dated November 19, reporting arrivals of 1 New Zealand-meat' in. New York, and ! anticipating that thus will realise from 28 » to 35 cents.' per lb. retail, Messrs. R. ■ Arlow and •: Co., Wellington, , state-.--"As ' these values ? are so much vin S| advance of i other reports and to remove any misappre- • liension which the New; Zealand ■/grower • may have as to actual values !of our : meat 5 in the States, we cabled .tofour^w ■ York representatives; for ■ information ;on 3 the subject, and a reply is ju'iil to hand, f that the finest quality Now Zealand lamb 5 is realising 20 >: cents > per lb. wholesale I landed terms. For delivery in tho near , future buyers are indicating only 18 cents. 5 On to-day's conversion' rate of ; 3.50 dolls lars to tiie £1 sterling, this lis equal to 12.34' pence per lb. on the market. -.The charges from New Zealand port to, landing in .■ New York 'f equal , 3Jd per lb.', hence the f.o.b. New Zealand value of the beet quality lamb is just over Bid per lb. It is impossible for any shipments of new season's meat to be'; made to Now York ; for ' some considerable .j time, : hence any I further rise in - the • exchange rate will mean a diminution in the equivalent f.o.b. New Zealand value. V In other words I every rise in exchange of 10 points meant r -three-tenths of a penny per lb, less. It i: s apparent j, therefore, that by the time oui . new season's meat commences to be ship 0 ned tho best market will • still -bo the United Kingdom." « ■ mmmammmj *"• -