MEAT IN LONDON

New Zealand Herald, Volume LXXV, Issue 23080, 4 July 1938, Page 7

MEAT IN LONDON

PRICES AT SMITHFIELD LAMB MARKET EASIER EFFECT OF HEAVIER ARRIVALS The Smithfielc] market for lamb is a shade easier owing to heavier arrivals, especially of second quality, according to the weekly report of the New Zealand Meat Producers' Board. Consumption continues to be good. The market for wethers and ewes is slightly easier, with trade slow. With heavy arrivals and warm weather, prices for chilled beef are a shade easier. Trade in New Zealand porker pigs is slow, with easier values for lightweights. The market for New Zealand baconer pigs is steady and unchanged. Following are ruling prices of wholesale quantities announced by the board, together with values ruling at the close of the previous week: — FROZEN MUTTON June 23 June 30 per lb. per lb. d d New Zealand— Crossbred wethers and/or Maiden ewes: Under 'lßlb .. .. (5 5% 40-5011) .. .. 5Vi 57-G4lb . . . . 5% 5% 65-721 b . . . . 5 5 Ewes: Under 481b 4 4 40-561b . . . . 3% 3% 57-OUb . . . . 8% 3% 65-721b . . . . 3% 3% FROZEN LAMB Canterbury: Under 3<ilb . . . . 7% 7% 37-I'.'lb . . . . 7% 7Va 43-50lb . . 7% 7% Second quality, average about 31 lb . .. 7V< ~Va Other South Island: Under 3(Jlb . . 7% 7% 37-1 '-Mb . . 7% 7% 43-COlb .. 7% 7% North Island Downs: Under 361b .. 7% 7% 37-12 Ib . . 7/y 7Va 43-COlb . . . . 7% 7% Second quality, average about 301b . . . 7% 7% North Island, first quality: Under 361b .. .. 7% 7% 37-121b . . . . 7% 7% Second quality, average about 311b . .. 7Va 7 Australian — Victorian: First quality, 29-3Glb . 7 7 First quality, 37-421b . 6% 6Va Argentine— First quality, 361b 7 7 First quality, 37-421b . 6% 6V. CHILLED OX BEEF (1451b to 2101b) New Zealand— Hinds .. .. 5% SV. Fores .. .. 3 2/a Australian — Hinds .. .. 4% 4% Crops (weights corresponding) .. . . 2% 2% South African — Hinds .. .. f>Va 5% Fores .. .. 3% 1/* Southern Rhodesian— Hinds .. .. 4V4 Fores .. •. 2% 2% Argentine— Hinds .. .. 6% 6% Fores .. .. 3% 314 Uruguayan— Hinds .. .. 5% 5Vi Fores .. • • 2% 2/i Brazilian— Hinds .. .. 5 5 FROZEN PORK New Zealand— Porkers: First quality, 61-801b . 6% 6 3 /2 Ditto, 81-1001b .. 6% 6% Ditto, 101-1201b .. 6 7 / a 6% Baconers, 121-1601b . . G 3 / 4 6/i 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. 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.

LARGE WETHER SUPPLIES TRADE GENERALLY BRIGHTER Tho Bank of New Zealand has received the following advice from its London office as at the close of busines last week:—Wethers: Larger supplies have caused prices to weaken. Ewes: The market is quiet and unchanged. Lambs: There is a fair demand, but seconds are weaker. Trade generally is brighter with a better demand. Quotations: —Wethers, light, s|d to 5J per lb.; heavy, 4§d to sd; ewes, 2|d to 4d; lambs, twos, 7fd to 7*d; eights, 7|d to 7*d; fours, 7%d to 7id; seconds, 7d to 7^d.

LOAN OF £77,500 LARGE HAMILTON SCHEME BORROWING ARRANGEMENTS [from OTJIt OWN correspondent] HAMILTON, Sunday An Order-in-Council has been pub. lished authorising the Hamilton Borough Council to borrow by way of hypothecation of debentures issued in respect of \he Garden Place loan of £77,500. The rate of interest at which hypothecation or mortgaging of the debentures may be carried out, pending the raising of the loan, is fixed at a sum not exceeding 4J per cent. The Order-in-Council also provides that before such preliminary borrowing by hypothecation, the council shall establish a sinking fund and make payments to such sinking fund according to the terms which were arranged when the loan was approved.

FRUIT IN LONDON APPLE MARKET EASIER (Received July 2, 5.5 p.m.) LONDON, July 1 Apples are easier. New Zealand, by the Coptic, sold as followsSturmers, 8s 3d to 9s 6d; Rokewoods, 8s 3d to 12s 9d. Pears are in good demand.