PRODUCE REPORT

Hokitika Guardian, 23 December 1924, Page 4

PRODUCE REPORT

WELLINGTON, December IS. The New Zealand Meat Producers Hoard has received the following letter from its Representative on the Continent, dated 27th. October, ID2-I : ‘‘Flull- 1' iiilluenee of the more favourable international position, markets in general have improved during the six weeks since my last report. The German Reconstruction Loan was largely over-.xubsi-ril.od. which in itself was of great psychological value for inland, as well as for Germany's business relations with the win Id abroad. A good amount is also coining into the country by way of private loan nr foreign credits on raw material pim-hascs. The |i 11:110 ial position is decidedly improving although not a penny of the international loan has as yet 1- me into the country. The live stock markets show an nilvain e on some lines, this is due to insulfi ifiiL supplies against a growing demand. The 1 attic have now been stalled for the ((inter. The local mnr|,i-| , wore well attended, supplies were olenred almost .'Very day. In sympathy with increasing prices for live stock, meat pri'es advanced also. The supply of live stock Ironi Argentine continues whereas the supply from Denmark has <b‘civnsed. Argentine live she k was sold on inland markets for immediate slaughter al l-ipg. to ISpg". per lh., in long sides, against local meal on equal terms -aftpg. (HR pg. 1 mark- 12Jd). The meat is as a rule very fat. the smallest i■aliases weighing from 1100 to loOOlhs. The network ol cool chambers for storage of imported frozen meat is being Spread ill the larger inland towns. Last week new chambers were started in Stuttgart. These are built hy the ('ltv Council and let to one ol the large meat import companies at a rental sufficient to return the capital invested with interest, within ten years. A great deal of corned beef is being imported. During the autumn and winter months imports are highest. Some New Zealand brands are olTeref. | saw several tins i f the various brands opened, the beef on the whole was good. The strike of buyers at Hide auctions which has lasted about a month has now I.ocn settled hy arhitration. Auctions are going on as usual and prices are advancing lo beyond world market rates. Large imports are being made of which New Zealand could get iL' share. At present New Zealand hides appear to conic in only w'ith Australians and are classed with them.