MEAT IN LONDON

New Zealand Herald, Volume LXXV, Issue 23010, 11 April 1938, Page 7

MEAT IN LONDON

PRICES AT SMITHFIELD VALUES FOR LAMB ADVANCE CHILLED BEEF AGAIN EASIER The Smithfield market for lamb shows, a firmer tendency, with a general advance in prices. Consumption continues excellent, according to the weekly report of the Xew Zealand Meat Producers' Board. In the mutton market wethers are steady on short supplies. Ewes are unchanged, but trade is slow. Frozen beef is nominal owing to short spot stocks. Chilled beef is again easier on heavy supplies. .New Zealand porker pigs arc steady with prices unchanged, while baconers are firm on short spot stocks. Following are the latest quotations announced by the board, together with the values ruling at tiie close of the previous week: — FROZEN MUTTON Mar. 31 Apl. 7 j

actual sales of wholesale quantities of carcases of mutton or lamb or of quarters of beef delivered to Smithfield market and/or London stores. In the ease of chilled beef, the rates represent the approximate prices realised for the week at per lb. 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.

QUIET MARKET FOR WETHERS EWES IN MODERATE DEMAND The Bank of New Zealand has received the following advice from its London office as at the close of business this week: —Wethers: The market is quiet and unchanged. Ewes: There is a moderate demand. Lambs: There is a good demand. Quotations are: Wethers, light, od to ojjd per lb.; heavy, 3Jd to 4Jd; ewes, 2|d to 4Jd; lambs, twos, 7id to 7#d; eights, 7|d to 7sd; fours, 6jd to 7d; seconds. 7d to 7Jd. . —— • \ HIGHER PRICES LIKELY STRONG LAMB POSITION (Received April 10, 5.5 p.m.) LONDON, April 9 Lent is affecting the meat markets, but New Zealand lambs are strong and tending to go higher. Prices of beef have been progressively defining owing to the plentiful supplies.

HEMP AND TOW GRADINGS IN MARCH Gradings of hemp for export at New Zealand ports during March amounted to 2386 bales, a decrease of 1271 bales, compared with the figures for the same month last year. The gradings were as follows, figures for March of\ last year being given in. parentheses:—Good fair 22 (290); high fair, 549 (1169); low fair, 695 (904) ; fommon, 579 (603); reject, 514 (685); condemned, 27 (6). The tow graded in March amounted to 281 bales, a decrease of 10 bales. The grading classes compare as follows:—First grade, 0 (4); record grade, 85 (122); third grade, 166 (133); condemned, HO (.'s2). Stripper slips showed an increase of 32 bales, none having been graded in March, 1937. The majority of the gradings were third grade, two bales being condemned. No stripped tow was graded. SHILLINGS, LIMITED MERGER WITH MACDUFFS An extraordinary general meeting of Shillings, Limited, will be held on April 30, according to a report from Wellington. Resolutions will be submitted to wind up the company to enable the liquidator to distribute among contributaries, in the proportion of eleven ordinary shares for every ordjnary share held in the company, the 137,500 ordinary shares of £1 each credited as fully paid up in the capital of Macduifs, Limited. These shares formed part of the consideration for the sale to the latter company. EASTER STOCK SALES DAY EARLIER THIS WEEK Owing to the intervention of Good Friday and the necessity for a readjustment of butcher's arrangements with the abattoirs for the killing and delivery of meat for Easter the fat stock sales at Westfield this week will be held tomorrow, instead of Wednesday. The store cattle sale will be held on Wednesday instead of Thursday.

a d New Zealand— Crossbred Wethers and Maiden Ev.cs Under 461b 5% 5% 4s-6i->lb . . 5' 3 G/a 57-(j4lb 5Vi o'/i (j5-7:Jlb 4/i 4/« Ewes: Under 481b 4% 4 s /« 4£i-oGlb 3% 3% 57-l>41b 3'A 3Va G5-721b 3V 4 3/4 FROZEN LAMB New Zealand— Canterbury aiilb and under -y. 7% 37- 121b 7 1 /, 7'/i 43-oOlb 7 Second, about 31 lb 7 77a Other South Island: 3<>lb and under 7'/ 4 7% 37- I'.'lb 7 1 /. 7% 4 3-51)1 b 7 7 North Island: 3(ilb and under IV* 7'/, 37-l-Jlb 7/8 7% 4 3-001 b 7 7 Second, about 301b 7% 7^4 North Island, first qualityi 3filb and uuder 7% 7 ./ 4 37-4'Jlb 7'/ s Second, about 311b « 7 /. 7 Australian— Victorian: First, 3Ulb and under . GV» G'i First, 37-421b . 6/j 6 3 /4 Argentine (new season's)First, 3Ulb and under . 6M, GV. First, 37-4'.»lb . 6'/. O'/i FROZEN BEEF New Zealand— Ox hinds 5 • Ox fores 4 - * Australian— Ox hinds 5 • Ox crops 4 * CHILLED OX BEEF (115!b to 2101b) New Zealand— Hinds 4'i Fores 3/j 3/a Australian— H inds 'J H 4?i Crops a:. 3% South African— Hinds • * Fores * • Southern Hhodisian— Hinds 4 4 Fores 3 3 Argentine— Hinds 5'/« -s/ o,a • Fores 4 1 /. 4 Uruguayan— Hinds 5 -I'l Fores sy. 3% Brazilian-— Hinds . A" •*/» 4% FROZEN FORK New Zealand— First, GO-SO!b . 6V, OV. First, Sl-lOOlh 6 J /i First, IOI-1-JOIb <f s i (! s 4 First. 321-lfiOlb «!'i •Not quoted. The weekly quotations are based on