MEAT IN LONDON

New Zealand Herald, Volume LXXIV, Issue 22754, 14 June 1937, Page 5

MEAT IN LONDON

PRICES AT SMITHFIELD

FIRM TREND IN LAMB NO FROZEN BEEF AVAILABLE The tendency of the market for lamb at Smithfield is firm with better prices for second quality, according to tho weekly report of the New Zealand Moat Producers' Board. Consumption continues to be good. Wethers are firm with prices higher. Ewes are steady and unchanged. No frozen beef is available. Chilled beef is easier, tho demand being affected by the hot weather. Trade is slow in New Zealand porker pigs. New Zealand baconers are slightly easier owing to tho lower prices of bacon. * Following are tho latest quotations announced by tho board, together with tho values ruling at the close of tho previous week FROZEN MUTTON Juno 4 Juno 11 Now Zealand d • d Crossbred Wethers and Maiden Ewes: Under 4fjlb. .. . . 6% 57a 4 8-501 b. .. . . r> 5% 57-<illb. .. .. 4% 4% 05-721b. . . . . 4% 4% Ewes: Under 481b 4% <l% 48-s'ilb. .. . • •I 7 /*, '5/ h G7-olib. . . . . 3% 3% G5-721b. . . . . 3'/ a ii'/i FROZEN LAMB Now Zealand— Canterbury: 301b. and under .. 7Va 7 1 / a 37-12lb. .. .. 7 7 43-.-, oil). .. .. oy 4 0% Second, about 31 lb. .. 7'/ B 7'/ 4 Other South Island: 3(llb. and under .. 7'/ a 7'/ a !»7-421b. .. ..7 7 43-5011). .. .. 6 3 A 0% North Island: :«;!!>. and under .. 7% 7% 37-1211). . . .. 7 7 43-501b. .. .. 0% G 3 / 4 Second, about 301b. . . 7% 7% North Island, first quality. 301 b. and under .. 7% 7% 37-4211). . . .. 0/8 0% Second, about 311b. .. 7 "% AustralianVictorian: First, 301b and under 6% 6 3 / t First. 37-421b. . . 6% 6% Argentine— First, 301b. and under 6% 6% First, 37-421b. .. 6% 6% CHILLED OX BEEF (145-2101b5.) New Zealand— Hinds .. ..O 5Vi Fores .. .. 4% 4 Australian — Hinds .. .. 5% * Crops .. .. 4Y, * South African— Hinds .. .. 0% 5% Fores .. .. 4'/i 4 Southern Rhodesian— Hinds .. .. 5% T,% Fores .. .. 3/ e ii'/ 3 ArgentineHinds .. .. 6 3 /. ay. Fores .. .. 4% 4 ; 4 Uruguayan— Hinds .. .. OVI t?/ A Fores .. .. 4% 4 Brazilian— Hinds .. .. 0 5 7 i FROZEN PORK New Zealand— First, (JO-SOlb. .. 6% 0% First, 81-100lb. .. 6% 0% First. 101-1201b. .. C'Z 0% First, 121-1 OOlb. .. <i% ii% •Not quoted. 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 average for the week, and are not selected lines', but for parcels fairly representative of tho bulk of shipments now on offer. POOR DEMAND FOR EWES ■ WEAKER VALUES RULING Tho 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 fair demand. Ewes: Weaker values are ruling owing to lack of demand. Lambs: The market is quiet, but firm. Quotations: —Wethers, light, 4Jd to sjjd per lb.; heavy, 4|d to 4|d; ewes, 3}d to 4gel; lambs, twos, 7j!d to 7]|d; eights, 6Jd to 7d; fours, 6|d to 6gd; seconds, 7d to 7sd*

NEW ZEALAND STOCKS REASSURANCE IN LONDON STATEMENTS BY MR. SAVAGE [from our own corrkspondknt] LONDON, May If) Statements made by the Prime Minister of New Zealand, Mr. Savage, since his arrival in England have done a groat deal to reassure the City as to New Zealand's determination to meet her financial obligations. " Holders of New Zealand securities should be reassured bv the very explicit statement by Mr. M. J. Savage that the Government is able and prepared to meet its obligations to the full," wrote Mr. R. J. Barrett, financial editor of the Sunday Times. " A suggestion that New Zealand contemplates cutting interest rates was characterised as absurd. That some anxiety has provailed in this connection is shown by the extent of the fall in prices of New Zealand securities from tho highest points of recent years. At tho present time they offer very attractive yields in comparison with those of other Dominions and are well worth the consideration of investors."