MEAT IN LONDON

New Zealand Herald, Volume LXXII, Issue 22119, 27 May 1935, Page 5

MEAT IN LONDON

FROZEN AND CHILLED SMITHFIELD QUOTATIONS (Received May 20, 5.5 p.ra.) 5 LONDON, May 25 C) Following are the latest quotations K for frozen and chilled meat, with those s of the previous week for comparison:— s FROZEN MUTTON _ May IS May 25 New Zealand— d d

The weekly quotations are based oti 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 | values one farthing per pound should j be deducted from the prices quoted i above. Quotations given represent the I average for the week, and are not i selected lines, but for parcels fairly : representative of the bulk of shipments i now on offer. PRICES COMPARED NEW ZEALAND PARITY The equivalent New Zealand parity of the published Smithfield market prices, on the basis of a prime woolly j lamb of 341b. weight, is as follows, according to figures of the New Zealand Meat Producers' Board: — N.Z. " overall " Smithfield Delivered at works per lb. per lb. d rl 7 7.35 6% ".20 6 Yt 70S All costs, including selling commission, have been allowed for. The cost of killing, freezing and placing on board steamer is based on a charge of .575 d per lb. Allowance is made for present skin values and includes exchange. LAMB MARKET IMPROVE^ SHORTAGE OF BEEF The following cablegrams regarding i the Smithfield market at the close of i business last week have been received: — j New Zealand Meat Producers' Board: ; —Lambs: The market is firmer, with j prices decidedly better. The tone of the j | market and consumption continues good. | Mutton: Wethers and ewes are firmer, j in sympathy with lambs, but the de- j mand is quiet. Beef: The market is j firmer, owing to short spot stocks and : better prices of Argentine chilled beef, j Porkers: The market is easier, owing | to decline in demand. Baconers: The j market is steady, and there is a good demand for forward delivery. Bank of New Zealand:—Wethers: The market is firm. Ewes: The market is quiet and unchanged. Lambs: The market has improved, and the demand is likely to continue. Values are: Wethers, light, 3jd to 4j|d per lb.; heavy, 3d to 3£d; ewes, 2jd to 3sd; lambs, twos, 6jld to 7d; eights, 6gd to 7d; fours, 6Jd to 6|d; seconds, 6d to 6}d. NEW ZEALAND BREWERIES DIVIDEND RATE UNCHANGED A jinal dividend of 3} per cent, making 7 per cent for the year, is recommended by the directors of New Zealand Breweries, Limited. The rate is unchanged. COTTON, RUBBER, JUTE, ETC. (Received May i!G. 5.5 p.m.) LONDON. May 25 (Quotations on May 18 in parentheses.) Cotton.—Spot, 7.01 d (ti.9od) a pound; June delivery, (3.56 d (6.52 d). ' Rubber.—Para, 4|d (4Jd) a pound; plantation and smoked ; 6d (6d). '> Jute. —May-June shipments, £2O 5s : (£l9 3s 9d) a ton. Copra.—May-June shipments, South < Sea, sun-dried, £l2 to London and Rot- ; terdam (£l2) a ton; South Sea, j smoked, £ll 17s 6d to Marseilles and i Genoa (£12); plantation, Rabaul, hot air dried £l2 12s Gd to London and Rotter dam (£l2 12s Cd). Linseed 0i1.—£23 15s (£23 15s) a ton. Turpentine.—s4s (59s 9d) a cwt. WHOLESALE EGG PRICES 1 Wholesale egg prices in Auckland are i as follows:—Hen, first grade, 2s 4sd a i dozen; B grade, 2s 2}d; C grade, Is 3 9id; duck, 2s lid, Is 11 jd and Is 9jd. c

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