FINANCE AND MARKETS

Sun (Auckland), Volume III, Issue 857, 28 December 1929, Page 11

FINANCE AND MARKETS

FROZEN MEAT EXPORTS DECLINES IN OCTOBERDECEMBER NO NEW YORK IMPORTS ■Decreases in the export of frozen meat fjrom New Zealand from October 1 to December 15, compared with the exports in the. same period in 1928, are reported by the New Zealand Meat producers’ Board. The comparative figures for the

The large drop in the shipments of beef is largely accounted for by the importation by New York buyers last season of 12,482 carcases, while, in this year, no imports were accredited to New York. London, Vancouver and Halifax also took more beef in the period in 1928. This season, London bought a considerably greater amount of mutton, but its imports of lamb lessened and had the most effect on the total returns. This season London imported more pork, but the position was not reflected in importations through Liverpool, Glasgow and Avonmouth. The drop in the imports of bags of boneless beef is attributable to the absence of imports through New York. October was the month in which the largest exportations were made. Killings for export at all works during the periods in 1928 and 1929 from October 1 to December 15 are also announced. The figures are:

The preponderance of the killings was in the North Island and the stocks of frozen meat in store in the Dominion, generally showing decreases on last season’s amounts, are held mainly in the North Island. SOUTH AMERICAN RETURNS A cablegram from the representative in Buenos Ayres of the New Zealand Meat Producers’ Board advising meat shipments from Argentina and Uruguay to the United Kingdom for the fortnight ended December 19 as follow: Quarters of chilled beef, 267,875; quarters of frozen beef, 2,750; carcases of frozen mutton, 69,455; carcases of frozen lamb, 206,700. The figures do not. include exports from Patagonia (Argentina), Chile or Etrazil. The quantities shipped during the same period to the Continent of Europe were:—Quarters of frozen beef, 65.488; carcases of frozen mutton. 10,250; carcases of frozen lamb, 1,310. BUTTER AND CHEESE A. H. Turnbull and Company has received the following cablegram, dated December 27, from W. Weddell and Company, London:—Butter: Danish, 1765; New Zealand unsalted, 180 s to 184 s; New Zealand salted, 15Ss to 1625; market steady. Cheese: New Zealand white, 89s to 90s; New Zealand coloured, 87s to 88s: market steady. Canadian white, 96s to 100 s, Canadian coloured, 96s to 9Ss. CHICAGO WHEAT MARKET United P.A. — By Telegraph—Copyright Reed. 10.36 a.m. CHICAGO, Friday. Wheat.—December, 1 dollar 25 cents a bushel; March, 1 dollar 30J cents; May, 1 dollar 34£ cents; July, 1 dollar, 34 5-8 cents.

DAIRY PAYMENT BAY OF PLENTY RETURNS Special to THE SUN TE, PUKE, Today. Butter-fat supplied to the Bay of Plenty Co-operative Dairy Association in November. 426.6151 b, was an increase of nine per cent, on the amount to hand in November, 1928. A large Increase In the total output s expected over the quantity produced last year. A high advance of l s s i d a lb superfine has been made by the directors. The inability of effecting sales from January onwards, with the exception of 1,000 boxes, will mean that butter will go forward on open consignments, making necessary a reduced advance for butter-fat. KAKEPUKU ADVANCE Special to 'THE SUN HAMILTON!, Today. The November advance for the Kakcpuku Co-operative Dairy Company (cheese manufacturing) has been fixed at Is 4d. In November last season, tho rate of advance was Is 6d, and the disbursement was £1,993 10s. This £° V 7 e 5 the clisbu rsemcnt was Butter-fat supplied was 26,304,.751b 5H.7211b, compared mflk butter-fat and

SEA TRAFFIC TESTS FROZEN MEAT INDUSTRY Special to THE SUN WELLINGTON, Today. On January 8, Dr. Ezer Griffiths, F.R.S., of England, who has been carrying out a scientific survey in connection with the New Zealand frozen meat trade, will leave for the United Kingdom on the Ruahine. During the voysige he will make important tests concerning the sea transit of the vessel’s meat cargo, and on reaching England he will continue his investigations. The London manager of the New Zealand Meat Producers’ Board will keep in close touch with the work in England. The Empire Marketing Board is co-operating with the Meat Board in the important researches. NEW DAIRY FACTORY CONSTRUCTION AT TAUPIRI Special to THE SUN MORRINSVILLE, Today. A new dairy factory will be built at Taupiri to replace the large New Zealand Co-operative Dairy Company factory at Ngaruawaliia which was destroyed by fire some time ago.

The contract for the construction of the building has been let to Watts and Bradshaw, Limited, of Morrinsville, at about £IO,OOO.

periods axe : 19211. 1928. Carcases of beef .. .. 4,009 19,671 Carcases of mutton 175,998 163,494 Carcases of lamb .. .. 217,531 259,412 Carcases of pork .. .. 28,981 33,333 Bags of boneless beef 6,455 13,201

Quarters of beef .. .. 1929. 7,900 1928. 15,859 Carcases Mill ton of wether 73,208 91,962 Carcases of ewe mutton 8.827 14,042 Carcases of lamb .. .. 331,512 441,418 « ’arcases of porkers . . 20,189 • ’arcases ot baconers . 7,999 Boneless beef freight carcases .% 20,128 35,394 Sundries 31,270 23,429