FROZEN MEAT MARKET.

New Zealand Herald, Volume LXV, Issue 19958, 29 May 1928, Page 7

FROZEN MEAT MARKET.

INCREASE OF ONE FARTHING. BRIGHTER OUTLOOK FOR BEEF. The Bank of Now Zealand has received the following advice from its London office, as at the close of business last week :r Frozen Meat. —It is thought that prices for wethers will remain steady at last quotations. Owing to the increased demand for ewes the market is more active. The lamb market has improved and there is a good demand. There is a better inquiry for beef and the outlook is brighter. Quotations. —Wethers, light, to per lb; heavy, s£d to 6jd; ewes, 5d to 6d; lambs, twos. 9£d to 10|d; eights, to 9jd; fours, B|d to 9d; seconds, 9d to 9|d. Ox hinds, 5d to s£d; fores, 3jd to 3jfd; cow hinds, 4Ad to 4fd; fores, 3£B to 3id. The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cablegram from its London house, dated May 25:—New Zealand Frozen Meat. —Prices are higher. The market is firm. Last week's quotations, on May 18, were: Lamb, 9£d per lb.; mutton, wether and maiden ewe, light. 6 7-8 d per lb.; heavy, 6d; ewe, light, s£d per lb; heavy, Theio is a good demand. PRODUCTION OF EGGS. AUCKLAND ASSOCIATION. EXPORT ON LARGE SCALE. The first annual meeting of the Auckland Egg Producers' Association was held last evening. The chairman, Mr. F. H. Wells, presided over a large attendance. In his report on the preliminary work of the association, the chairman said it was hoped to undertake the export of eggs on a large scale during the coming season. The aim was for all members to export on a percentage'basis and to export between them 30,000 dozen eggs. Efforts were being made to secure better grain and this could perhaps be accomplished if members pooled their orders. It was also hoped to draw up a plan whereby members could dispose of their eggs to the best advantage. Mr. Wells viewed with concern the importation of eggs from Canada. The present duty, ho said, was not high enough, as the cost of production in Canada was much lower than in New Zealand. Two shipments had arrived from Canada recently and had had a bad effect on the local market. The association would seek an embargo or a heavier duty on imported eggs, and with this end in view had already conducted correspondence with the Ministers of Agriculture and Customs and with various members of Parliament. After considerable discussion, the annual subscription was fixed at a flat rate of 10s 6d, with an additional 2s 6d for every 100 birds owned by a member. It was decided to affiliate with the New Zealand Poultry Association. The following officers, were elected:— President, Mr. F. H. Wells; vice-presi-dent, Mr. R- S. Higcrinbotham; executive council, Messrs. T. H. Evans, H. H. A. Edgley, A. Selwood, T. Ingham. .T. Kissling: hon. auditors, Messrs. Edgley and L. Bedford. PRODUCE IN LONDON. HIGH COMMISSIONER'S REPORT. [by TELEGRAPH. —OWN CORRESPONDENT, j WELLINGTON, Monday. The Department of Agriculture liasi received the following cablegram, dated May 25, from the High Commissioner for New Zealand, London:— Tallow: 'L'ho spot market is quiet, but steady, with a quiet demand at auction. Present spot quotations are: Mutton, fine, 42s to 42s 6d per cwt.; fair to good, 39s 6d to 41s; dark to dull, 38s to 38s 6d. Beef: Sweet and/or mixed, 40s 6d to 445; fair to good. 38s 6d to 40s 6d; dark to dull, 37s to 38s; mixed, fair to good, 38s 6d to 40s; dark to dull, 37s to 38s; gut, etc., 35s to 38s. Hemp.—The Manila market was steadier, with a better tone. "J" grade, May-Juiy shipment, is quoted at £3B by buyers. Sisal: The market is quiet and easier. No. 1. afloat, is quoted at-£35 10s to £36; No. 2, £34 to £34 10s. The New Zealand market is dull and no business is reported. Nominal values are: Highpoints, £3l 10s; fair, £2B 10s; common, £2B: second-grade tow, £2O; thirdgrade, £l7 10s; May-July shipment. Wool.—The Bradford market is quiet. Quotations for tops are firm at about the last rates quoted. Apples.—The apples ex Corinthic came on the market very cold and some frosted. The Otago consignment lacked colour. The Argyllshire is commoncing to discharge to-day. The market is fair, with a steadv demand. Prices are: Statesman and Sturmor, 12s to 13s per case; Jonathan, 10s to 13s; Delicious and Dunn's Favourite, 10s to 12s; London Pippin and Kyig David, 10s to lis 6d; Otago Cox's Orange, 18s to 255. The Pears ex Port Hunter were good, and ex Corinthic very mixed. Some were backward and others fully ripe. There was a fair demand. Prices were: Winter Nelis, 3s to 5s per tray; Josephine, 4s to 6s; P. Barry, Winter Cole, 3s to 3s 6d.

KAURI GUM PRICES. CONTROL BOARD QUOTATIONS. The Kauri Gum Control Board reports that prices obtained during the fortnight ended yesterday were as follows: — White Gum.—Good threequarter. scraped, 1355; washed range, 85s; bold nuts, 70s; small nuts, 50s; chips and dust, 32s to 355. Black Gum.—Seven-eighth scraped, 140s to 150s; washed steel, 85s; ordinary black, 34s to 40s; good, clean nuts, 27s j small nuts, 24s to 255; sifted chips, 22s to 255; medium, 17s to 20s; poor chips, no sales. Brown Gum.—Medium, 50s; good, hard, 655. Swamp Gum. —No sales. SOUTHERN EXCHANGES. [BY TELEGRAPH. —PRESS ASSOCIATION.] WELLINGTON, Monday. The following sales took place on the Stock Exchango to-day:—D.l.C., preference,. 20s 9d; Bank of New Zealand, 60s 3d; Union Bank, £l4 18s 6d; New Zealand Government 4£ per cent. Stock (1338), £97 17s 6d. DUNEDIN, Monday. The following sales took place on the Stock Exchange to-day:—New Zealand Rofrigorating Company, 18s; Mount Lyell, 34s 6d; Bank of New Zealand, 60s 3d; Westport Coal, 30s 3s (two); Dalgety and Company, £l4 2s 6d; New Zealand Government 5i per, cent. Inscribed War Loan, 1933, £IOO 7s 6d; Wright, Stephenson and Company, 15s 3d; New Zealand Drug, 69s 6d. CLEARING SALE AT MATANGI. Nov/ Zealand Loan . and Mercantile Agency Company. Limited. Hamilton, report:—We held a clearing sale on Saturday near Matangi. on account of Mr. A. G. Forbes. Jersey and Jersey-cross cows made from £lO 10s to £ls sb; Friesian and Shorthorn cows, £5 15s to £9 10s; marked yearling Jersey heifers, £5 2s 6d to £6. Farm horses and implements Ibid dt satisfactory rates.