MEAT IN LONDON

New Zealand Herald, Volume LXXV, Issue 23050, 30 May 1938, Page 5

MEAT IN LONDON

SMTTHFIELD PRICES | LAMBS SLIGHTLY EASIER BETTER TRADE IN CHILLED BEEF Tho demand for lamb on the Smithfield market slowed down a little last week and some prices were a shade easier, according to tho weekly report of the New Zealand Meat Producers' Board. Trade in wethers and ewes was slow at unchanged prices.

There was 110 frozen beef available. Chilled beef prices improved owing to lighter supplies and better trade. New Zealand porker pigs met with fair trade at unchanged prices. The market for baconers was quiet. Following are ruling prices of wholesale quantities announced by the board, together with values ruling at the close of tho previous week: — FROZEN MUTTON

The weekly quotations are based on actual sales of wholesale quantities of carcases of mutton or lambs or of quarters of beef delivered to Smithfield market and/or London stores. In the case of chilled beef, the rates represent the approximate average 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.

SHORT SUPPLY IN WETHERS NEXT ARRIVALS AWAITED The Bank of New Zealand has received the following advice from its London office as at the close of business last week:—Wethers: In short supply until next arrivals. Ewes: Trade is irregular. Lambs: The market is steady, and no material change is expected yet. Quotations: —Wethers, light, 5d to 5Jd per lb.; heavy, 4jd to 4|d; ewes, 2fd to 4d; lambs, twos, 7Jd to 735; eights, 7j|d to 7jd; fours, 7d to 7£d; seconds, 7id to 7sd. MINING NEWS RECORD ARGO RETURN 2410 Z. FROM 16,000 YARDS A record return of 2410z. from 16,000 yards in 132 hours is reported by the Argo Gold Dredging Company, Limited. which is working a claim on the Blackball Creek, on the West Coast of the South Island. Recent returns have shown a steady improvement, the previous week's yield from the same yardage being 171oz. The latest return is the highest from any of the so-called "mosquito" fleet of dredges operating iu the South Island. This description is used in goldmining circles to distinguished them from the larger dredges employed by the Rimu, Barrytown and Clutha River companies. The Argo dredge is electrically driven, with 55 buckets of 4i cubic feet capacity, the maximum yardage being 16,000 to 17,000 a week.

The company made its first wash-up in September, 1935. Paid capital is £22,302 in shares of Is. Shareholders have already received 13 dividends, aggregating £25,200, while a reserve fund of £2400 has been established. The life of the present area is estimated at 10 years. OTHER COMPANIES* YIELDS Moonlight Goldfields (West Coast).— 130oz. for 350 hours' sluicing. Okarito (South Westland). —260z. for 103£ hours. LONDON APPLE MARKET (Received May 2U, 5.5 p.m.) LONDON. May 28 Apples are in good demand. New Zenlnnds by the Rangitata sold as follows: —Granny Smiths, 12s 3d to 13s 9d; Jonathans, 9s 6d to 10s 3d; Cleopatras, •9s 3d to 9s 6d. Australians: Granny Smiths, 10s 6d to 15s 6d; Jonathans, 8s 6d to 10s 9d. FARM SOLD AT AUCTION Alfred Buckland and Sons, Limited, reports having sold a farm of 176 acres at Runciman, at auction on Friday, tho price being £36 an acre.

May 26 per lb. d New Zealand— Crossbred wethers and/or Maiden ewes: Under 48lb .. 5% 49-5<Jlb .. .. 5M, 57-0lib .. .. 5 05-72lb .. ..4% Ewes: Under 481b .. 4 49-561b . . . . 3'/a 57-641b . . . . 3% «5-721b .. . . 3V, May 19 per lb. d 5% 5/3 5 4% k ay. frozen lamb Canterbury: Under 301 b 7% 37-42lb . . 7% 43-50lb . . . . 7Y b Second quality, average about 311b . . 7% Other South Island: Under 3Glb .. 7% 37 a 421b .. 7% 43-r.01b 7% North Island Downs: Under 30lb . . 7% 37-42lb . . 7 f /a 43-501 b . . . . 7% Second quality, average about 30lb . . TVs North Island, first quality: Under 3olb 7V a 37-421b . . .. 7% Second quality, average about 311b . 7% Australian — Victorian: First quality, 29-361b 7 First quality, 37-421b 7 Argentine— First quality, 361b . . 7 First quality, 37-421b 6% 7% r/e 7% 7 y« 7 1 /* a 7% 7% 7 7 6% CHILLED OX BEEF (1451b to 2101b) New Zealand — Hinds .. .. .. 5% Fores .. .. .. 3Va Australian— Hinds . . .. 5 Crops (weights corresponding) .. .. 3Vi South African— Hinds .. .. .. 5% ITores . . . . .. 3% Southern Rhodesia n— Hinds .. .. .. 4% Fores .. .. .. - 3y B Argentine— Hinds .. .. .. 6y 4 Fores .. .. .. 3y t Uruguayan— Hinds . . . . .. 5% Fores .. .. .. 3% Brazilian— Hinds . . .. 5 1 /, # 4% 3% ■8 4% 3 ft ti 4% FROZEN PORK New Zealand— Porkers: First quality 61-801b 6 3 /, Ditto, 81 -1001b .. 6% Ditto, 101-1201b .. 6% Baconers, 121-lCOlb .. C% 6 3 /, 6% i