MEAT IN LONDON

New Zealand Herald, Volume LXXIV, Issue 22724, 10 May 1937, Page 5

MEAT IN LONDON

PRICES AT SMITHFIELD

LAMB CONSUMPTION RISES

HEAVY MUTTON ARRIVALS

The tendency of the Smithfield market for lambs is steady with prices unchanged, according to the weekly report of the New Zealand Meat Producers' Board. Consumption is expanding, Prices for both wethers and ewes are easier owing to heavier arrivals.

Frozen beef values are nominal owing to small spot stocks. Chilled beef is firm, especially for fores. The demand for New. Zealand porker pigs is only poor on account of the hot weather. Baconer pigs are firmer owing to better bacon prices. Following are the latest quotations announced by the board, together with the values ruling at the close of tho previous week: — FROZEN MUTTON

Tho 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 average for the week, and are not selected lines, but for parcels fairly representative of the bulk of shipments now on offer. • MARKET DEPRESSED INFLUENCE OF CORONATION (Received May 9, 5.5 p.m.) LONDON, May 3 The Coronation has had a depressing effect on the frozen meat market, as I the large numbers of people who are sight-seeing tend to eat snacks in small cafes instead of meat meals at homo. On the other hand, lavish entertaining by the upper classes has increased the demand for home-killed meat, which has risen considerably. BRIGHTER TRADE CONDITIONS LACK OF DEMAND FOR EWES The Bank of New Zealand has received the following advice from its London office as at the close of business last week: —Wethers: There is a weaker tendency. Ewes: Weaker values are ruling, owing to lack of demand. Lambs: Demand is improving. Prices arc practically unchanged. Trade is brighter, with a better demand. Quotations: —Wethers, light, 4fd to 5Jd per lb.; heavy, 4d to 4§d; ewes, 3Jd to 4jd; lambs, twos, 6Jd to 7id; eights, 6|d to 6fd; fours, 6Jd to 6j|d; seconds, 6|d to 7d. SUGAR AGREEMENT INTERNATIONAL QUOTAS FREE MARKET QUESTION British Wireless RUGBY, May 7 The sugar agreement has been signed in London by all tho delegations to the international conference except the Canadian and tho United States, which will continue to import from a free market .at least as much as at present. The Philippines will not export to a free market as long as these arrangements remain in force, except that a small share in any increase in a free market is reserved for the country. Britain will maintain its present legislation, which is designed to limit the annual production of sugar in Britain to 560,000 long tons of white sugar, or about 618,000 metric tons of raw sugar. The British colonies will limit their total exports to the basic figure of 905,254 metric tons for each quota year. Australia will limit its exports lo 406,42.3 metric tons and South Africa to 209,000 metric tons, and ludia will prohibit exports by sea elsewhere than to Burma. China will try to see that the sugar import requirements of the Chinese market shall not decrease and if possible shall increase during the period of the agreement. Holland will undertake not to export to a free mar ket sugar produced on its territory, whether in Europe or in Guiana. COTTON, RUBBER, COPRA, ETC. (Received May 9, 5.5 p.m.) LONDON, May S (Quotations on May 1 in parentheses.) Cotton. —Spot, 7.40 c! (7.22 d) a lb.; June deliverv, 7.27 d (7.05 d). Rubber.—Para, lljd (llid) a lb.; plantation and smoked, 10Jd (lOd). Jute.—May-June shipments, £2l 15s (£2l 15s) a ton. Copra.—May-June shipments, South Sea, sun-dried, £l6 12s 6d to London and Rotterdam (£l6 15s) a ton; South Sea, smoked, £l6 to Marseilles and Genoa (£16); plantation, Rabatil, hot air dried, £l7 12s 6d to London and Rotterdam (£l7 15s). Linseed Oil. —£32 (£3l 10s) a ton. Turpentine.—39s 6d 3d) a cwt.

April 30 May 7 New Zealand — d d Crossbred Wethers and Maiden Ewes: Under 4Slb. . . 5% 5Vi 4 8-501b. *4% 4% 57-61 lb. 4/a 4'/2 05-72lb. 4/8 47, Ewes: Under 181b. .. 4% 47 a 4S-56lb. 47a 4 57-64 lb. 4 3% . 65-721b. 3/8 3/4 FROZEN LAMB New Zealand — Canterbury: 301b. and under 7 7 37-101b. oy, 6". 43-501 b 6/a 6% Second, about 311b. .. 07, 0% Other South Island: 36lb. and under 7 7 37-ll'll>. <>% 6% 43-501 b. 0/8 0% North Island: 36lb. and under 7% 7% 37-<)2lb. 0 % 0/8 4 3-501 b. 6% 6% Second, about 30lb. . . 7/a ri / ' /< North Island, first quality: 36lb. and under 7 7 37-121b. <i% , 0%, Second, about 311b. . . C% Australian— Victorian: First, 36lb. and under 6Vi 6% First, 37-421b. 6'/, 0/8 Argentine— First, 301b. and under &/* O'/J First, 37-421b. 5/8 5% CHILLED OX BEEF (115-210lbs.) New Zealand— Hinds ■VA 4/i Fores 3% 4 Australian— Hinds 4/« 4'/« Crops 3/B 4 South African— Hinds 4 7 8 « Fores 3Ji * Southern Rhodesian— Hinds 4Vi 4% Fores 3% 37, Argentine— Hinds 5 l /a 5% Fores 4 '4Vi Uruguayan— Hinds r.y. 5% Fores 33 a 4/8 Brazilian— Hinds 4 3 / 4 47, FROZEN PORK New Zealand— First, 60-SOlb. 0% % First, Sl-lOOlb. O'/i First, ,101-1'JOlb. GV5 6% First, 121-1601b. 0% G7 a *None offering.