THE MEAT MARKET

Evening Post, Volume CIX, Issue 46, 24 February 1930, Page 12

THE MEAT MARKET

United Press Association—By Electric Telegraph—Copyright. LONDON, 22nd February. The weekly quotations for the undermentioned classes of frozen meats, based on actual sales of wholesale quantities of carcasses, of mutton or lamb or quarters of beef delivered to, the Smithfield market, and/or ex-London stores, have been compiled as follows by the Quotations Committee, Smithfield. To arrive at equivalent ex-ship values, 'Ad per lb should be deducted from the prices quoted below. Quota' tions are average for the week, and are not for selected lines, but for parcels fairly representative of the bulk of shipments now on, offer:—

Mutton: No New Zealand "or Australian sheep offering. Argentine sheep, first quality crossbred, wethers, 48/6411), V&d; ditto, 65/721b, 8 l-8d; ditto, over 721b, 7d. New Zealand lambs: Canterbury, 361b and under, 10?Sd; ditto, 37/421b, 10% d; ditto, 43/501b, 10% d; ditto, second quality, average, 331b, lOd; selected North Island brands, 361b and under, 10% d; ditto, 37/421b, 10% d; ditto, 43/50 ib, 10% d; ditto, second quality, average 311b, lOd; other North Island brands, first quality, 361b and under, 10% d ditto, 37/421b, 10y a d; ditto, second quality, average 311b, lOd. Australian lamb.—Victorian, second quality, 361b and under, 8 3-8 d; other States, second quality, 361b and under, B%d; all States, third quality, 7%d. New Zealand pigs.— First quality, 60/1001b, lid. Others unchanged.

The Meat Board reports, London, 21st February: Lamb niarket: Owing to increased arrivals prices have declined. Mutton market: Very strong. Supplies all sources very short. New Zealand 'beef: Nominal prices. New Zealand porker pigs: In very short supply with good demand. New Zealand baconer pigs; Small quantities arriving are being sold as heavy pprk. The Bank of New Zealand reports that only a limited business in wether mutton has been done at nominal prices.. The market is short of supplies of ci. es and prices are nominal. The market for lamb is inclined to be weaker; supplies are more than sufficient to meet the demand. There is a fair demand for beef. Wethers, light, 7%d to B%d per 1b; heavy, 6%d to VM. Ewes, 5d to 6d; lambs, 2's* 10% d to lid; B's, 10% dto lid; 4's, lOVad to 10% d; seconds, lOd to 10% d; ox, hinds. 6%d to 6%d; ox, fores, 5d to 5%d; cow, hinds, 5%d to 6d; cow, fores, 4%d to 4%d.

PASSING ON EXCHANGE.

A Wellington merchant of over 40 years' experience has pointed out to "Tho Post" that the exchange rates must be passed on to the value-of goods. "Every merchant," he said, "costs, or ought to do so, each shipment of goods that lie imports'as follows: Prime cost, f.0.b.; freight, insurance, exchange, duty (if any), commissions, landing charges, and interest to cover cost from date of purchase to date of realisation. Having made these additions, the exact landing charges are ascertained. Exchange, then, must be passed on to the ultimate consumer." ■