MEAT IN LONDON

New Zealand Herald, Volume LXXI, Issue 21859, 23 July 1934, Page 5

MEAT IN LONDON

• FROZEN AND CHILLED SMITHFIELD QUOTATIONS (Received July 22, 5.5 p.m.) LONDON, July 21 Following are tlio latest quotations for frozen and chilled meat, with those of the previous week for comparison:—

The weekly quotations are based on actual sales of wholesale quantities of carcases of mutton or lamb or of quarters beef delivered to Smithfield market and/or London stores. J hey aic compiled by tho Quotations Committeo, Smithfield. To arrive nt tho equivalent ox sliip values one farthing per pound should be deducted from tho prices quoted above. Quotations given represent the average for the week, and are not selected lines, but for parcels f,nrl.\ representative of tho bulk of shipments now on offer. IRREGULAR LAMB TRADE WETHER SUPPLIES SHORT The Bank of New Zealand has received tho following jidvicc from its London office as at the, close of business last week:—Wethers: Tho market is short of supplies ' and prices aro "nominal. Ewes: There is a steady trade at rather better prices. Lambs:. Trade is irregular; moderate business has been done. Tho market i« weaker for heavy-weights; light-weights remain steady. Wethers, light, s{d to fid per lb.; heavy, 4.\d to sd; ewes, 3Jd to 4gd; lambs, twos, 7Jd to 7Jd; fours, 6.3(1 to 6«d; eights, GM to seconds, 6Jd to 7£d. The New Zealand Meat Producers Board has received the following cablegram from its London office, dated July 20; —Lamb: Demand continues to be affected by hot weather with prices slightly easier. Mutton: Wethers firm with short spot stocks. Ewes meeting witli steady trade. Beef: Remains depressed owing to low prices of Argentine chilled beef. New Zealand porkers: Dull, owing to hot weather. New Zealand baconers: Quiet with trade slow.

AUSTRALIAN BORROWING LONDON JOURNAL'S COMMENT A tilt at Australia's borrowing policy is made in a recent issue of tho London Investors' Review. Tho journal notes that of tho recent £12,000,000 loan a sum of £8,500,000 is to bo devoted to public works expenditure, and it remarks that Australia has received so many pats on the back for her efforts to put her financial house in order that there is a tendency to overlook the fact that Australian Budgets, on the whole, are far from being balanced, and that expenditure on "public works, "which covers a multitude of sins." is still heavy. Contrasting the populations of Australia and Great Britain, it points out that the £3,500.000 now to bo spent by Australia on public works would correspond to approximately £G0,00Q..000 in Great Britain. "The announcement of proposed expenditure of £60,000,000 0:1 public works by Great Britain would rightly shake confidence," it adds, "but because the figures appear to bo smaller in the case of Australia, no one pays much attention." FLOUR IN SYDNEY ADVANCE ANNOUNCED (Received July 22, 5.5 p.m.) SYDNEY, July 22 The price of flour in New South Wales has been advanced 10s to £8 ]ss a- ton. The movement is due to the increased price of wheat. WHEAT IN AMERICA (Received July 22, 5.5 p.m.) CHICAGO, July 21 Wheat. —July, 993 cents a bushel: September, 1 dollar J cent; December, 1 dollar cents. The New York price for cash is 1 dollar 5J cents. COTTON, RUBBER, JUTE, ETC. (Received July 22. 5.5 p.m.) LONDON, July 21 (Quotations on July 14 in parentheses.) Cotton. —Spot, 7.18 d (6.99 d) a lb.; August delivery, G.BBd (G.79d). Rubber. —Para, sfd (ojd) a |b.; plantation and smoked, 7id (7 l-16d). Jute. —Julv-Augnst shipments, £l4 3s 9d (£l4 8s 0d) a ton. Copra. .July-August shipments, South Sen, £7 17s Gd (£8) a tan; South Sea, smoked, £G 12s Gd (£G l'2s Gd); plantation, Rabnul, £S 15s (£8 17s Gd). Linseed Oil.- —£22 5s (£22 ss) a ton. Turpentine.—42s Gd (435) a cwt.

FROZEN MUTTON July 11 July 21 New Zealand— d d Wethers and Maiden Ewes: Canterbury and Norlh Island, selected: •18-oOlb 6% 5" 57-6411) 5 V* 5/4 65-7211). , , . . , • 5 5 . North Island: 48-5611). . .. .. 5Mi 6V, 57-G411) fi i/ 65-721 b 5 5 Ewes: Under 181b. . . . . 4' \ 4'i 48-6111) "% :rr, (15-721 b 3 1 /, 3 Vi Australian— Wethers: First, 40-55lb. . . .. 4 4'« Second, 35-5511) 4'i ■I", Ewes, 30-5511). . . . . i'/ii ■i'/'n Argentine— Wet heis: First, 48-6511); oV„ 5VH First, 65-7211) Wi 4/J Patatfonian— Wethers yr Maiden Ewes: Under 50lb. . . . 5 5 50-00 lb 'P/a 4% FROZEN LAMB New Zealand— 361b. and under . . . . V n 7' 37-4211) <% ct r? 43-oOlb. . . . . . . '»' ,i 6''a Second, about. '.'01b. . . 7 7 Oilier South Island: 3lilb. and under .. .. 7' 7 37-4?lb 0% r,% 43-5011) 6% 6'/j North Island, selected: Sfilb. and under . . . . 1V„ 7!R 37-4211) 6i: ('/■n 43-5011) ('% Second, nbout 30lb. . . 7 7 North Island, other: First, 861b. and under . . V/ a 7 First, 37-421b 6% 6V,' Second, about 301b. . . 7 0% Australian— Victorian: 6 7 /„ First, 361b. and xinder . . 7 First, 37-4211) 6'/a 6 3 a Second, 36lb. and under 7 t»/S j Other States: 6 7 /, First, 36lb. and under . . 7 First. 37-42lb 6% 6% Second, 3Glb. and under 7 \ 6% All States: Third, about 261b. . . 1A 7Va Argentine— 7% First, 36lb. and under . . 7V a First, 37-12lb 6\', 6% Second, about 30lb. . . 7% 7% Patapronian— First, 3Blb. and under . . 7!4 7 First. 37-4211) r.'/i 6% 6% Second, about 30lb. . . 7 FROZEN OX BEEF New Zealand— Fores, 160-22011). . . . . 2 2 Hinds, 160-22011). , . . . 3 3 Australian— 2% Crops, 100!b. and under 2% Over 1001b 2'/ 3 2% Tlinds. 1601b. and under 3% 21'? Over 1601b. , . . . • 3 5 O CHILLED OX BEEF Argentine— Fores. 160-2201H. .. 2'A - ' i Hinds, 160-2201b 4% 47a FROZEN PORK New Zealand — First, 60-fiOlb. First, 81-100lb 5Yi G/a First, 101 -120lb. .■ «• G.-a V 5 '» Australian-— First. 60-1001 b. .. . . 5 » First, 101-120lb. .. . . 5!% 5/8