COMMERCIAL NEWS.

Waikato Times, Volume 112, Issue 18691, 18 July 1932, Page 16

COMMERCIAL NEWS.

LONDON MEAT MARKET. SMITHFIELD QUOTATIONS. THE WEEKLY REPORT. United Press Assn.—Elec. Tel. Copyright LONDON, July 16. The weekly quotalions for the under-mentioned classes of frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfleld market and/or London stores. They are compiled by the Quotations Committee, Smithfleld. . , . . . To arrive at the equivalent ex-snip values, one farthing per pound should be deducted from the. prices quoted below. Quotations given represent the average for the week, and are not selected lines, but for P a ™ el ® fairly representative of the bulk ol shipments now on offer. New Zealand Frozen Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes, 571 b to 641 b, 3d; 651 b to 721 b, 2 7-Bd. Argentine Sheep.—First quality crossbred wethers, 651 bto <2'ib, 2 3-Bd. Patagonian Sheep.—Wethers and/or maiden ewes, under 501 b, 2Jd; 501 b to 601 b, 2 5-Bd. „ t . New Zealand Lambs. —Cantermiry, 361 b and under 5 5-8 d; 371 b to 421 b 5 5-8 d; 431 b to 501 b, s}d; second quality, other South Island brands, 361 b and under, 5 3-8 d; 371 b to 421 b, 5 3-8 d; 431 b to 501 b, 5 3-8 d; selected North Island brands, including Downs, 361 b and under, 5 5-Bd. 371 b to 421 b, 5 5-8 d; second quality, average 30Id, sjd; other North Island brands, first quality, 361 b and under, 5Jd.. Australian Lambs. —Victorian, first quality, 361 b and under, 4 5-8 d; other States, first quality, 371 bto 421 b, i 5-8 d; Victorian, second quality, 361 b ■and under, 4 5-8 d; other States, second quality, 361 b and under, 4|d. Argentine Lambs. —Second quality, average 301 b, 2}d. Uruguayan Lambs. —First quality, 361 b and under, 24d; second quality, 371 b to 421 b, 23-8 d; third quality, average 301 b, 2 3-Bd. n New Zealand Frozen Beef. —Ox fores, 1601 bto 2201 b, 3 3-8 d; ox hinds, 3Jd: Australian Frozen Beef. —Ox crops, under 1001 b, 2d; over 1001 b, 4 3-Bd. All other sorts are unchanged.

The New Zealand Meat Export Board has been advised as follows as to conditions on the London meat market . Laimb Market. —Weaker; secondary lamb remains firm. Consumption satisfactory. . . . Mutton Market. light-weight wethers firmer, with; good demand, heavy-weight wethers slow of sale and slightly easier. Ewes: Market dull, and very little business doing. Frozen Beef. —Market depressed, owing to low prices for Argentine chilled beef. New Zealand Porker Pigs.—Trade slow. New Zealand Baconer Pigs.— Nominal. SOURCES OF SUPPLIES. 't FOR FIVE-MONTHLY PERIOD. The principal sources of London’s imported meat supplies for the, five months ended May 1932 were as follows : Beef and Veal. —Argentina, 68,475 tons (decrease of .3993 tons for same period last year) ; Brazil, eto., 4596 (deoraase 2795); Uruguay, 2921 (decrease 211); Australia, 2798 (increase 1141); New Zealand, 1425 (Increase 168). Mutton and lamb. —New Zealand, 30,298 (Increase 418) ; Argentina, 10,434 (decrease 3792); Australia, 8264 (increase 2822). Pork and bacon. —AustraUia, 1144 (decrease 118); New Zealand, 780 (decrease 468); Denmark, 560 (decrease 111); Argentina, 304 (decrease 162). In the case of Denmark the figures arc for bacon only. The total supplies, home, and overseas killed for the period were: Beef and veal: 97,123 (decrease 6287); mutton and lamb, 62,780 (decrease 29); ,pork and bacon, 21,327 (increase 2276). The three principal sources of imports in June were: — Mutton: New Zealand, 231,262 carcases; South America, 51,362; Australia, 29,664. Lamb: New Zealand, 907,223 carcases; South tralia, 71,713.

Beef: South America, 514,084 quarters; Australia, 126,463; New Zealand, 81,046.