MEAT IN LONDON

New Zealand Herald, Volume LXXIII, Issue 22583, 23 November 1936, Page 5

MEAT IN LONDON

FROZEN AND CHILLED PRICES AT SMITHFIELD LAMB MARKET AGAIN FIRMER A firm market for New Zealand lamb with prime lightweights better again ruled on the Smithfield market, London, last week, according to the New Zealand Meat Producers' Board's report for the week ended November 20. Stocks of old season's are now becoming small. A firm market exists for wethers with better prices. Ewes are steady with a good demand. Chilled beef prices showed a slight improvement over the week. The frozen beef market is steady and unchanged. Improved consumption is reported for Now Zealand porker pigs and the market is firm. Quotations for baconers remained nominal. Following are the latest quotations announced by the board, together with the values ruling at the close of the previous week: FROZEN MUTTON Nov. 13 Nov. 20 New Zealand — ~ _ d d Wethers and Maiden Ewes: Canterbury and South Island, selected: Under 4SIT>. . . • • 48-.Vilb ■*,') 57-641b fA ;*<> «&-7-21b. ... •• 4/i 4„ North Island; , 48.561b %'* S7-641b fA 4/, 65-721b. .. • • 4 '« ®"nd«r 481b S88: :: :: &. & FROZEN LAMB New Zealand — Canterbury: „ 3/ 361b. 4nd under .. u• 43-5o!b! ■ 6»/, Second, about !311b. .. < Other South Island: 361b. and under .. </« '>« 37.421b l u 43.001b. . . . • O'/a 6'/j North Island: 301b. and under .. * 37421b I I 43-,Mjlb. . Second, about 301b. .. North Island, first quality: 301b. and under .. </a 7 » 37-421b. • • o'/, 6 /t Second, about 311b. . . * Australian — Victorian: , . First, 30lb. and under * / '/» First, 37-421b. . . * 7'/. Argentine— , First, 301 b. and under 6'< i First, 37-421b. . . 6% 6% FROZEN OX BEEF (145-2101b5.) New Zealand— Hinds .. • • 3 4 3 % Fores .. .. 2?i 2% Australian— Hinds .. .. 3V, 3% Crops . . ■ ■ - i - A CHILLED OX BEEF (145-2101b5.) New Zealand— Hinds .. •• •*'/. 4% Fores .. .. 2% 2'/ 4 Australian— Hinds .. .. 4% 4'/, Crops .. .. -/i South African— ~ Hinds .. .. bV. 4« Fores .. .. 2% Southern Rhodesian—■ Hinds .. • • 4*4 Fores .. .. 2% . 2% ArgentineHinds .. .. fi'4 ft*/. Fores .. .. 3/» 3/* UruguayanHinds .. .. S 8 Fores .. •. 2/4 2/4 Brazilian — Hinds .. * * Fores .. .. " " FROZEN PORK New Zealand— First, 60-SOlb. . . 6V, 6»i First, 81-lOOlb. .. 6 s /, First, 301-1201b. .. 6% First, 121-1601b, . . 6Vi 6V, •None offering. The weekly quotations are based on actual sales of wholesale quantities of carcases of mutton or lamb or of quarters of beef delivered to Smithfield market and/or London stores. To arrive at the equivalent ex ship values one farthing per pound should be deducted from the prices quoted above. Quotations given represent the a\ erage for the week, and are not , selected lines, but for parcels fairly representative of the bulk of shipments now on offer.

FAIR DEMAND JFOR EWES LAMB PRICES NEAR PEAK The Bank of New Zealand has received the following advice from its London office as at close of business last week: —Wethers: The market is firm. Ewes: There is a fair demand. Lambs: It is thought that prices have reached top. Quotations: —Wethers, light, 4*d to s*d; heavy, 3Jd to 4gd. Ewes: 3j|d to 4|d. Lambs: Twos, 7sd to 7Jd; eights, 7d to 7jd: fours, 6J d to 6sd; seconds, 7d t0.71d. HIDES MARKET QUIETER UNITED STATES POSITION lajss activity in the overseas' hides market has existed recently owing to a lack of support from the United States. Discussing the position on October 15 W. Weddel and Company, Limited, states that American tanners are finding it difficult to sell leather at the moment, owing to the hold-up at the retail end of the business. There has been a very heavy production of shoes —no less than 3i per -cent higher than 193.5, which was an all-time record. These shoes, of course, must be taken by the consumer before the machinery of the leather business throughout can continue to work on the same scale as hitherto. The increased spending power of the people in the United States encourages one to expect that all these shoes will be wanted, but it is easy to understand why there is some hesitation at the moment. Euroto some extent, is still under the influence of the recent devaluation crisis; a good deal of price, adjustment has taken place, but tanners in the gold bloc countries have not yet settled down to the new order of things. Nevertheless, there is a very firm market throughout Europe and unless there is anv political sensation to cause excitement values should remain steady to firm in the coming weeks.

GROWING OF PRODUCE INVESTIGATING THE COSTS [from our own correspondent] PUKEKOHE, Saturday Comprehensive data as to the cost of growing and marketing produce is to be compiled by three committees set up this week by the Franklin Produce Growers' Association, and is to bo submitted to the Department of Industries and Commerce. One committee will investigate costs in regard to potatoes and onions, and the costs involved with cabbage, cauliflower and other green and root vegetables, and the third will deal with the problem of Asiatic competition in the industry. The department has intimated that it wishes to have the data as a guide in meeting the complaint of growers that with rising costs and falling prices they are faced with an impossible position. Tho following officers of the association have been elected:—President, Mr. R. W. Bilkey; vice-president, Mr. M. McDougnll; secretary, Mr. E. J. Campbell; executive, Messrs. J. McMiken, G. F. McMiken, J. T. Balle, P. Miller, G. T. Parvin, C. H. Mason, G. Gathercole and L. Russell.