MEAT IN LONDON

New Zealand Herald, Volume LXXI, Issue 21793, 7 May 1934, Page 5

MEAT IN LONDON

FROZEN AND CHILLED SMITHFIELD QUOTATIONS (Received May 6, 5.5 p.m. LONDON, May 5 Following arc the latest quotations for frozen and chilled moat, with those ol the previous week for comparison: FROZEN MUTTON Apl.2BMnys New Zealand — <1 '' Wethers and Mnidcu Kwes: Canterbury and North Island, selected: 4S-5( ; lb s'" 'V? 57-15 lib '!/■> 65-7211) 4 % iY, North Island: 4S-561b. . . .. SV, 5 < 57-1541 b 4/h 4/o (>5-721b 4VS 4'/o Ewes: ~, ~, Under 4811). .. .. 4 4 n 48-6-1 lb «•= M 05-721 b. 3 .'5 Australian — Wethers: ' . First. 40-551 b 4 « \/ K Second, 35-551b. .. . • 4-h 4<n Ewes, 30-551b. .. . • 3/u "'/« Argentine— Wethers: First, 48-(551b 5 4,4 First. (55-721b 4 \ 3% Patagonian— Wethers or Maiden Ewes: Under 50lb 4V ? 4% 50-(50lb 4'B 4

FROZEN LAMBS New Zealand Canterbury: 3tilb. and under .. .. </* ' « 37-421b. . . „. . • • < ; "? 43-50lb. . . '. . . • fiVS Second, about 301b. . . <>/a 7 Other South Island: 361b. and under .. .. "> \ <V* 37-421b ( s°n fiv ? 43-50lb. 6% C/« North Island, selected: 361b. and under . . . . 7y'„ 7/* 37.421b <>/* (i % 43-501b •'/« Second, about 30lb. . . 7 • 7 North Island, other: First 3(51 b. and under. r/„ 7/ 4 First. 37-421b <% <>A Second, about 30lb. . . '5% (5/a Australian— Victorian: First, 301b. and under . r>% n,„ First, 37-4211) C'V* Second. 3(51b. and under C>% <>/a Other States: First, 3(>lb. and under . (>,'4 i'/n First. 37-421b. ■ . 15% (5% Second, 3Glb. and under !>% l)/„ All States: . Third, about 261b. . . (>A '>/a Argentine— First. 3(>lb. and under . (5/ a ov a First. 37-421b *>% Second, about 30lb. . . 6/a l>/a Patagonian— First. 3(51 b. and under . f>% &/>j First. 37-421b <5% " % Second, about 301b. . . C l /, ''/4 FROZEN OX BEEF New Zealand — Fores, .100-2201 h IV, 2\ Hinds, IGO-220U) 3'A 3'/, Australian— , Crops. 1001b. and under 2% 2 Over 1001b. ... . . 2% 2% Hinds. l(50lb. and uncier 3% 3 A Over 1601b 3% 3; s CHILLED OX BEEF Argentine— Fores, l(50-220lb 3% 2% Hinds, IGO-2201b. ..* . • 5/i SV. FROZEN PORK New ZealandFirst, Go-eolb ">« 5Va First. 81-100lb. . .. 5% First, 101-120lb 5 1 /, 5% Australian — . First. GO-lOOlb 5% 5% First. 101-120lb s'/a SVi Tho weekly quotations are based 011 actual sales of wholesale 'quantities of carcases of mutton or lamb or of quarters of beef delivered to Smithfield market and/or London stores. They are compiled by the Quotations Committee, Smithfield. To arrive at the equivalent ex ship •\ alues one farthing per pound should be deducted from the prices quoted above. Quotations given represent the average for the week, and arc not selected lines, but for parcels fairly representative of the bulk of shipments now on offer.

LOCAL EXPORT RATES Current schedule rates for stock or hooks at freezing works are as folLambs. —361b. and under, 8d per lb.; 371b. to 7icl; over 421b. and seconds, 7d. • Mutton. —Wethers: Up to 481b., 43d per lb.; 491b. to 561b., 4£d; 571b. to 641b., 4£d; 651b to 721b., 3Jd; over 721b., 3£d; seconds, 3Jd. Ewes (in same classes), 3Jcl, 3Jd, 3d, 33d and 2£d respectively. Beef. —Prime ox, 15s per 1001b.: boner bulls, lis 6d; cows. 7s to 7s 6d per 1001b. , Pics. —Up to 801b.. 43d per lb.; 811b. to 1001b., 4Jd; 1011b. to 1201b., 4d; 1211b. to 1601b., 42d.

FAIR DEMAND FOE LAMB WETHER MARKET DULL The Bank of New Zealand has received tbe following advice from its London office as at the close of business this week: —Wethers: The market is dull with a downward tendency. Ewes: Tim market is rather easier. Lambs: There is a fair demand. The market is weaker for heavy-weights; light-weights remain steady. Quotations: Wethers, light 4jid to s£d per lb.; heavy, 3Jd to 4Jd. Ewes, 2id to 4id. Lambs, twos, 7id to 72 d; eights, GJd to 6 ; [d: fours, 6Jd to Gjjd: seconds, 6|d to 7id. The report of the New Zealand Meat Producers' Board states: —Lamb: The market is firm and steady with the except ion of • heavy-weights, which aye slightly weaker owing to over supplies. Consumption is satisfactory and the tone of the market is good. Mutton: The market for light-weight wethers is unchanged, but heavy-weights are slightly easier. The ewe market is steady with tiie prices unchanged. Beef: Beef is meeting with good trade, with prices unchanged. New Zealand porkers: Prices are firmer, but the demand is falling off as usual for the time of the vear. The market for baconers is quiet.

EXPORT OF TIMBER

WEST COAST SHIPMENTS An improvement in the export of rod pine from the West Coast to Australia is reported, although there is a slight decrease in the shipments of white pine. The prices for red pine aro not yet satisfactory, stated a timber merchant, but heiexpects them to impiove. .1 ho timber being shipped across the Tasman each month represents a considerable increase on tho monthly shipments 12 mouths ago. The Kiwitea sailed last week for Sydney with 800.000 superficial feet. The Gabriella and Kartigi will load approximately 1,500,00011. for Australian ports later this month.

MARGARINE SUFFERS

CHEAP BUTTER AND LARD While low prices for butter in England are affecting tlio fsalo of best grades of margarine, competition by cheap lard has also affected the margarine trade. This was made clear at the annual meeting in London of tho Maypole Dairy Company, Limited, whose profits in 1933 dropped by £i55,000 to £312,000. "There is no sign of an immediate advance in butter prices suflicient materially to help tho margarine trade," said Sir James Martin, chairman of diiuctors. ''Quotas in other countries and increased and unrestricted production in New Zealand and Australia have resulted in huge quantities of butter being shipped to Britain at prices which, to put it mildly, cannot possibly be remunerative to the producer. This is a state of affairs which will no doubt bo rectified in time."