FROZEN MEAT TRADE

Dominion, Volume 32, Issue 155, 27 March 1939, Page 12

FROZEN MEAT TRADE

Good Demand For Lamb

The Bank of New Zealand, produce department, has received the following advice from its London oflice as at at close of business- last week : The market for wethers is quiet and unchanged. The market for ewes is becoming firmer owing to small supplies available. There is a good demand for lambs for this time of year. Larger supplies have caused prices to weaken. There is a moderate demand for chilled beef. Wethers, light, 3 7-Sil. to 41d. a lb.; heavy, 3d. to 3Jd. Ewes, 2 1-Sd. to 3 l-Bd. Lambs, 2's, 6 7-Sd. to 7d.; S's, 6jd. to 6 7-Sd.; 4's, 6 5-Bd. to 6Jd.; seconds, Gid. to 6 7-Sd. Chilled hinds, 4 Id. to IJd.ffi fores, old. to 31d. Electro Zinc Production The Electrolytic Zinc Company. Ltd., gives the following production statement for the four weeks ended Monday 8, figures for the proceeding four weeks being shown in parentheses: — Zinc, tons, 53G9 (5379) ; if which used at the works, 90 (90) ; silver-lead product for shipment to Port I‘irie for realization, lead, tons, 245 (250) ; silver, ounces, 30, 700 (31,900). West Const department:—Ore treated, tons, 12.813 (12.758) ; lead concentrates produced, tons, 1157 (1033) : zinc concentrates produced, tons, 4678 (4324) ; assay values, ore treated —lead, per cent., 6.7 (6.0), zinc, per cent,, 22.1 (20.2), silver, ounces, 7.2 (6.5), gold, dwls, 2.0 (2.26) : lend concentrates —lead, percent., 54.5 (54.5), zine, per cent., 15.2 (14.2), silver, ounces. 48.2 (48.1), gold, dwts. 11 o (14) ; zinc concentrates —lead, per cent.. 3.3 (3.2), zinc, per cent 54 6 (54.2), silver, ounces, 5.3 (o), gold, dwts, 1.1 (1.4).

London Rabbit Market

By Telegraph.—Press Assn.—Copy right. (Received March 26, 6.30 p.m.). LONDON, March 25. The rabbit market is very dull.. First large, ex store, arc quoted at. 17/3. Queensland Pastoral Co. Due to bad seasonal conditions, profit of the Queensland National Pastoral Co., Ltd., for 1938. was reduced to £lO2, compared with £32,.164 in 1937. This is after allowing £10,147 for depreciation, and £1265 for taxation, against £10,468 and £0206 in the previous year. No dividends are recommended. The year's profit i 3 offset against accumulated looses, now £52,811. Last year preference shareholders agreed to cancel arrears of dividend which had accumulated since 1925. Preference dividend was reduced from 7 per cent, to 6 tier eent., and payment at the last-named rate was made for 1937. No ordinary dividend has been paid since 1920. Receipts for the year fell by £25,000 to £107,118, and there was a rise of £7OOO to £96.047 in general expenses. American Export Orders Exporters in New York reported the heaviest advance buying for two years by customers abroad in the middle of last month, allegedly as a precautionary measure against possible European difficulties in the spring. It is understood that orders arc as much as from 25 to 50 per cent, over last year's, notably for machinery, motor-ear accesspries, tools, pharmaceuticals, and other so-called inventory goods. The orders are emanating chiefly from LatinAmerica. Africa. Australia. New Zealand and fhe Far East. In the case of Europe, however, orders are slightly below last year’s.