FROZEN MEAT TRADE

Dominion, Volume 28, Issue 99, 21 January 1935, Page 12

FROZEN MEAT TRADE

Lamb Prices Advance BEEF «N SHORT SUPPLY Lamb market: Eair demand with prices firmer owing to short spot stocks. Hutton market: Lightweight wethers slightly easier, but trade fair. Ewes: Demand slow. Beef market: Prices better, with stocks showing decrease. New Zealand porker pigs: Demand quiet, with lightweights easier. New Zealand baconer pigs: Slightly firmer. The above report was received on Saturday by the Meat Board from its London office, which advises that the following are the approximate average prices realised for the week ended January 18, based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered 1o Smithfield market and/or ex London stores. Brices for the two previous weeks are also shown : New Zealand Sheep.—Canterbury and North Island selected crossbred wethers and maiden ewes: 4SII>. to 561 b., s}d(s 5-Sd., 5 5-Sd.) : 571 b. to 611 b., 54d. (51d„ 5 3-Bd.) ; 651 b. 1o 721 b., 5(1. (5d., s}d.) North Island: 4Slb. to 561 b., s}<l. (5 5-Sd., 5 5-Bd.) : 571 b. to 641 b„ old. (51d„ 5 3-Sd.) : 651 b. to 721 b., sd. (5<1.. s}d.). Ewes: 481 b. and under, 4 3-Bd. (same) ; 481 b. to 641 b., 4d. (same) ; 651 b. to 721 b., Bird. (same). New Zealand Lambs.—New season s selected North Island brands (including downs) : 361 b. and under, Sd. (7 7-Bd., 7 7-Bd.) : 371 b. to 421 b., 8 l-Bd. (same) ; second quality, average 321 b., 7 jd. (7 l-Bd., 7d.). Other North Island brands, first .quality: 361 b. and under, 7?d. (7?d., 7 5-Sd.) : 371 b. to 421 b., Sd. (Bd., 7 7-Sd.) ; second quality, average 321 b,. 7 l-Bd. (7d„ 6|d.). _ * Australian Lanibs. —Victorian, first quality: 361 b. and under, 7 l-Bd. (T l-Sd., 7d.) : 371 b. to 421 b., 7fd. (7}d., 7 l-Bd.). Argentine Lambs. —361 b. and under, 7d. (7(1., 6-}d.) ; 371 b. to 421 b.. 7d. (same). . , New Zealand Beef. —Ox lores, (2 5-Sd., 21d.) ; ox hinds, 3*Jd. (3jd., 3id.). ' Argentine Chilled Beef.—Ox fores,_•>}<!. (3 3-Sd., 3d.) ; ox hinds, 5 3-Bd. (5 5-Sd., 5 3-Sd.). i Australian Frozen Beef. —Ox crops, over 1001 b., Sid. (3 1-8(1., 2 7-8(1.); ox hinds, over 1601 b., 4d. (3 7-Sd., .3 t>-Bd.). New Zealand prime porker pigs: 601 b. to 801 b.. 6-id. (6 3-8 d„ Gid.); 811 b to 1001 b. 5Jd. (same) ; 1011 b. to l-01b., s’d. (sfd,, 5 5-Bd.). _ New Zealand baconer pigs: l-01b. to 1601 b., 6d. (52-d., sid.). (Received January 20, 6.30 p.m.) London, January 19. Australian lambs, Victorian, second quality, 361 b. and under. Old.; other States, second quality, 361 b. and under, ojd.; all States, third quality, average about 281 b., 6 3-Sd. Australian pigs, first quality. 601 b. to 1001 b., average about 801 b., 5 7-Sd. Trade Generally Slow. The Bank of New Zealand, produce department, has received the following advice from its London office, as at close of business last week:—The demand for wethers is a little better. Trade in ewes is slow. There is a moderate demand for lambs, smaller supplies having caused prices to harden. The market is short of supplies of beef and prices are nominal. Trade generally is slow. Wethers, light, 5Jd. to 6d. per lb.; wethers. heavy, 4 1-8(1. to 5 l-Sd.: Ewes, 3Jd. to 4 5-Bd. Lambs. 2’s, 7-Ju. to Sd.; lambs, B’s, Bd. to S l-Sd.; lambs, 4’s 71(1. to 7}d.; lambs, seconds, 7d. to 7}d. Ox hinds, 3}d. to Bid.; ox fores, 2 5-8(1. to 2 7-Bd. The market for lamb is steady. Mutton : There is a weakening tendency in the market, particularly wethers, states cabled advice received by Levin and Co., Ltd., from their London _ agents dated January 18. Compared with last weeks quotations, lamb is unchanged with the exception of second quality, which is l-Bd. per lb. higher. Wethers, under 561 b., l-Bd. per lb. lower; prime ox beef, l-Bd. per lb. higher. Others unchanged. Current “delivered” prices are quoted as: — North Island Down lambs, 281 b. to 361 b., Sd. per lb.; 361 b. to 421 b., S l-Sd.; best North Island crossbred lambs. 281 b. to 361 b., 7 7-Bd.; 361 b. to 421 b„ Bd.; North Island 2nd quality lambs, average 301 b. to 311 b., 7}d.; best North Island wether sheep, under 481'b., sjd.; 481 b. to 561 b., ",ld.; 561 b. to 641 b., s}d.; 641 b. to 721 b, •5d.: North Island ewes, under 4Slb., 4 3-8(1.; 4811). to 561 b., 4 l-Bd.; 561 b. to 641 b., 3 7-Sd.; 641 b. to 721 b., 3Jd. New Zealand prime ox beef, 1601 b. to 2201 b.. l-Sd. RAW MATERIALS Further Advance in Copra By Telegraph.—Press Assn.—Copyright (Received January 20, 6.30 p.m.) London, January 19. Friday’s closing prices for the following raw materials were as follow, those for January 11 being in parentheses :— Cotton: Liverpool quotation, good American middling, spot, 7.15(1. a lb. (7.18 d. ; February delivery, 6.87 d. a lb. (6.91(1.). Rubber : Para, 4 7-8(1. a lb. (5d.) ; plantation smoked ribbed sheet, G 7-16 d. a lb. (6 5-Sd.). Jute: January-February shipment, Indian jute, Dundee quotation, £l7/7/6 a ton (£lB/5/-). Copra: February-March shipment, South Sea, £l2 a ton (£lO/10/-); smoked, £l2 a ton (£lO/10/-) ; plantation Rabaul. £l2/15/- a ton (£ll/). Linseed oil: £2l/15/- a ton (£2l). Turpentine: 48/3 a cwt. (48/-). BASE METALS MARKET Copper and Tin Firmer Telegraph.—Press Assn. —Copyright. (Received January 20, 6.30 p.m.) London. January IS. The official London (middle) quotation* for Fridav. as reported by the Australian Mines and Metals Association, compare under with those previously cabled Jan. 17. Jan. 18.

(British Official Wireless.) Rugby. January 18. The stock markets are very quiet wit!) some irregularity. British funds are firm with War Loan 34 per cent, quoted at £lO9/11/3. German Young and Dawes are steady aud French loans harder.

Per ton Per ton Cupperc s. d C s. ■’TH U 28 3 *11 Standard, forward 2S 1 1OJ 2$ 10 7 ■. Electrolytic .. ... 31 (1 0 31 J6 to 31 5 0 31 15 0 Wire bars Lead— ... 31 5 0 31 13 0 ... 10 5 0 10 5 o Forward • .... 10 10 0 10 1-’. 0 Spelter — Spot .... 11 IS II 11 IS ') Forward «• • • . ... 12 5 0 12 :< 0 Tin— •fSpot . ...230 10 3 231 5 0 Forward .... .... 22S 111 3 22S li Silver— Standard, per Fine ... 26 9-16(1. 2(JAd. (America n , 50.80 cents a Di. I’rices >f Other Mctala. London, January ! s. Pie iron: Home trade, £3/7/6 a i on (same) ; export, 113/2/0 a Ion (samel Antimony: I • •ilisii. V77/10/- a ton (same): foreign. £'5S/.i/- a Ion ( t<>8/1. / 'lMolybdenite: 3 /(J a unit (same). Wolfram: 3S/!I a unit (39/6). Osmiridium : Nominally £!) to £il an ounce (samel. London Share Market