MEAT FOR BRITAIN.

Auckland Star, Volume LXIX, Issue 85, 11 April 1938, Page 4

MEAT FOR BRITAIN.

IMPORTS THIS YEAR. MORE FROM NEW ZEALAND. Slightly less beef and mutton, but more pork, has been imported into Britain [luring the first two months of this year than in the same period a year ago. New Zealand's share lias increased, though shipments of pork and bacon have been a ittle smaller. New Zealand, sending 8828 tons and Australia 5517 tons, supplied the biggest lart of the mutton and lamb. Argentine jvershadowed all otlier countries as beef supplier, exporting 24,462 tons to the Jnited Kingdom. As for pork and bacon, he bulk of the supply was home-grown. The New Zealand Meat Producers' Joard has received the London central narket's official figures of supplies of meat or the two months ending February. 1938. vith comparisons for the same months of ] 937, as follows: —

4 THE AUC FINANCE, COMMERCE MARRETS. sw ™ERN^xchanges TO-DAY IN CHRISTCHURCH. ON 'CHANGE. th e latest quotations. AUSTRALIAN SHARES RISE. WEEK OPENS QIJIETI Y banks— Buyer». sellers. UrtIMb UUILILT. Commercial ,6/0 16/4 MORE INTEREST IN METALS. Commercial (pref.) .. 0/8/0 .. ' FARMERS' TRADING IN DEMAND. S 2 /3/7 */. (B * Tel« S raph.-Speclal to "Star.", N.Z. I) Mort (£1 paid) 1/0/0 .. IB \.N K. OF NEW ZFALWD FIRM t ninn of Australia . S/12/0 .. S, 16/0 CHRISTCHURCH, this day. INSURANCE Leading Australian industrials improved There xvere n<> spccial features on v f , , e p ,, K " ha "Se this morning with rises 'Change at the first call of the week. A Now° Zraln'nd 'I'. 11 It ™ " Broken th^^! fresh bidding was „t ah,.u't late ratel'. S °"* h Britl8h - 4/9 2/5/0 £»<*«>■. lhls being the biggest rise of the Amongst. Ideal i.-sues Farmers' Trading FINANCIAI ' ' . a cam showed improvement, selling 2d r>nm . r> L , were substantially firmer, higher, ,,t £ 1 0/3. Uvcrofts. on the other °\"; n lnVest - Bank - . and atter sales up to £3 ID. 3 and £3 19,2 hand, el.anu.d hands 1/ lower, at £2 1/0. Farm Auct."'(£5* paid) vir« ** 19/6 | buyers oftcred £3 19/1, with sellers 2d In the timber .section a buver tor l aupo Farm. Auet (\ pref) ## i a\. Oilier chain stores had no business, Ti.tara rai>ed his limit 3d, 'to 5/3, sellers Farm. Auct.' (B pref) l/i/0 " — th(, |>Eh " oolworths (Sydney) were strong, still 0 3 <;..l(lsl.roush. Mort . — "* l/lO.'O' W1 . tl - 1 <l uot » tlo " s from £i 2/ to £ 1 2/3. Tn the li,inking class New inlands held >' z Guarantee Corp. 3/9 _ ' . Little alteration 211 values was noticeable the week end rise with business at £2 3/7. N - Ak - N.rui. Co-op. 111 the ear y sections with buyers' limits and more wanted. I'nion Hanks were \ i| Prf ri,;"r ~~ " 17/0 ™ far w,tl, last week s closing levels. New •'Cain asked lor at £8 12, . and a seller ' prof , Co '° p * 10 ,o u , r ff, B ? ewcv,e * recovered further to a crime in at £S 10/. T 1:1,1. Finance'(cont'.) 4" I io -i 1 b f t^' 1 een £2 . 3 / and £2 4/, rising Auckland Kns shares were dull, there T ri !''- Finance iprpf.) ! 1/0,0 '\Vi-iHsh resr>ectlv ®'^ being no buvers for either 01 linarv or ' Hired Build. (Auck.i 19-0 .. — • " lobacvos and Broken Hill Procontributing issue " Wright Stephenson pf 1/1/0 .. pnetarj gave the miscellaneous division a Australian industrials wr re dull, hut rOB1 good start. Buyers finished at £2 6'2 for Mount. Lvrlls had a better market, with COflL — the former and at £2 19/3 for the latter. quotations from £.1 7/6 to £1 9/. Taranaki Renown (pref.) 2/5 „ " s > r \ I sha !' I e8 were generally brighter, Oils were close, busine s between U I and 1 "I'iri 16/9 .. 17/6 Lyells going to £1 8/0 and £1 8/4, 6fi Iaupiri (pref.) 1/16 „ — " lth more sellers at tlie latter figure. _ There was a moderate inquiry for ~/4 " fl/°l H '" S ° UthS ™ nted at £1 ?oirurhan S ed"at P £i03 7 0° 35 " 1SSU ° "'"'port Stockton pf 5/3 .. - Jn the unlisted section Selfridge,.(AusG«S tralasia) had a weak market, standing Australians Improve. between 12/ and 16/. Revival of interest in Australian seeuri- 'v ~ ~~ ties, especially metals, marked the noon i'ahiatua . "" ** s/6 SALES RECORDED. call. Buyers for Electrolytic Zincs moved ' ' * up sharply to £2 1/ for the ordinaries, and SHIPPING— . i'2 3 for the preferences, while Mount Dernnport Ferry .... 1/0/6 _ (ByTelegraph.-PressAssociat.on.) L\ells and Broken Hill Proprietary were Northern Steam 4/4. ** 4/7 CHRISTCHURCH. quoted higher. North. Steam (cont.) 0/11 1/2 This Day.—British Tobacco, £2 6/3 (2 Chain stores were affected by the better "■ 1D d O. Uief. «to_-k) 1/5/6 .. — parcels) ; Broken Hill Proprietary, £2 tone nf the market, (J. J. Coles having 19/3: (con.), £1 14/11, £1 15/; G. J. improved offers of £3 19/. with sellers also T,WBER — C oles S3 19/3 (3 parcels), £3 19/2 (2 Wool wort lis (Sydney) „ .... _ lg/o 'CThBrokcn"^!.!. 0/.' £&/£' 1 t'ther classes of securities were for the — •• 8/6 WELLINGTON. most part quiet and steadv. 'r",vi - r " 4 This Day.—Morning call: Bank i»f Aus- ' ./'"**Totara ... o/0 .. 6/3 tralasia. £ 10; Electrolytic Zinc (ord.). £ 2 SALFS rOTVTPT FTFT1 t • °' ara (P re f-) — .. 19/0 1/ ; (|>ref.l. £2 0/6 (2 parcels) ; WoolSALES COMPLETED. lai lngauiutu — .. 14/6 worths, Limited (ord.), £1 1/3 (2 parWOOLLEN eels); Mount Lyell, £1 8/. Reported: 3J , TTUe .« - M .. p .'' r . c< ' nt Stock. 11)38-32. £ 103 7/6; " THE 10 A.M. CALL TO-DAY— Kaiapoi _ ll/D National Bank of New Zealand, £2 15/ ; «... 0.1, ' Wnolwurths Holdings. 15/4. Last sato. BREWERIES— I Xooii C ill.—Comrnereiai Rank, 10/2; f 8 " £ s a Rank of New Zealand, li 3/(>; Now ZoaBank of N.Z. .. 2 7 .. 2 r. 7 J" "* .... .. 3/1S/0 land Rrewories, a: 2 3/6 (U parcels); Ryeroft 2 1 ft .. J 2 6 I-!' 11 * »w\M?nes (prf) 1/16/0 .. — Australian Glass, £4 10/; Taranaki Oil. "Elect. Zinc 2 O <» .. J o o Hr ° Wf, nes — .« 2.4/0 6/5; Skippers, id; Mount L»yell, £1 8/4. Farm. Trading . 1 0 5 .. 0 o 1 * — •-» 2/12/0 niTvmrv JStnek, Nov. riS- uualuia. 52, 31 p.(\ ... 103 7 « .. 103 7 6 MISCELLANEOUS— This Day.— New Zealand Breweries, £2 \tinv Cf„ni /v v \ 3/3; '1 aranaki Oil, 6/3: Electrolvtic Zinc AT THE 12.1B P.M. CALL TO-DAY— A,,"? (• (VZJ " n " 18/6 (orrt >' 12 ; Broken Hill South, till 5; Com. Bank .... 0 16 1 .. 0 16 3 Ausr. Iron. SteVl/p'rf 1/7 0 '* _ \lor"an O/e"' 4:1 8/6 ' * 1 8/5; Mouut Woolworth (Syd) 1 2 o .. 114 Merlei (N.Z.) ....... _ " s/io/O Mor » an ' J / b - Waibl Invest .. 0 8 0.. O 0 0 Rritisli Tobacco .... . 2/7 0 ~ Stock. Ma v, .'!0- Broken Hill I'tv ° ' * * "i'o o 52, 3i p.c. ...103 5 0 .. 103 0 0 Broke,, Hill Pty, con l/14/» J iVo AUSTRALIAN EXCHANGES. INTEREST RATES. nVS: «7 m z '<$1 riaude Neon '(N.Z.)'.. — T. 1/7/!! TO-DAY IN SYDNEY. . , ,, . , <;o!onial Sugar 47/0/0 .. 47/10/0 Ihe return to the investor on Ins outlay, <Unsol. Brick 7/3 .. _ based upon the latest dividends, works I'unlop, I'erdriau .. 1/1/6 (Received 1.45 p.m.) out as follows on the latest sales. AVhen Kieet. Zinc 2/1/0 2/2/0 ssvnvpv + v,; a Government stocks are included, the Elect. Zinc (pref.) . 2/5/0 .. 2/7/0 ... , , . . , , ~ ' ycalculation provides for redemption at l'/irni. I railing 1/0/3 .. 1,0 5 lo-aaj s sales included: —• the earlier date of maturity. When pay- i,'?,™" P rof1 1/1/3 .. 1/2/0 _ £ g d ment is made in sterling, exchange is issue) ' nS tnew _ „ m/o on ds. 4 per cents. 1950 . . 103 10 o arlrlerl In the ease nf locil hodv Tssues r, * V ,/6 •* 10/0 Commercial Bk. of Sydney 20 12 0 added. in tne case ot local body issues (, Pitr Meat — , 7 f; Bank of New South Wales 31 1" 6 allowance is also made for 20 per cent General Industries .. — .. l no Associated News (pref ) 1 3 o interest reduction:— <1. J. Coles 3/19/0 .. 4/0/6 British Tobacco 2 7 6 PER CENT PER ANNUM. (; rey and Menzies .. 13/0 .. 14/o Burns, Philp (South Sea) 17 9 £ g Hill aud I'lummer . — .. 10/6 Cash Orders 0 16 0 Bank of New Zealand 4 11 9 H.M Arcade (ord.) . — .. 1/0,6 Colonial Sugar 47 12 6 Bycroft . . ... 3 17 2 iIM - Ar cnde (Pref.) . 18/6 .. 1/2,0 Electrolytic Zinc 2 2 0 Electrolytic Zinc . 7 8 2 i J . ew , ls Eady • — •• 16/0 Farmers' Trading 6 10 0 1/3/6 " 1/V ° EXCHANGE RATES. (deb. stock) — .. 15/6 DOLLAR RATES. M.K. Manufacturers . 10/0 .. 11/3 1 ♦ ' ' New : V. i/l'o NEW ZEALAND QUOTATIONS. of 8 New t fou b th n Wales! "auoied .'.'.7 .i! Following are the'latest rates for purBank of New South Wales) quoted the \ z. RefriK. (cont.) . — .. 8/3 cha ses and sales of foreign exchange quoted following dollar rate* to-day on a New N Z (ord ./ . _ 1/0 ; 0 by the Bank of New South Wales, Auckland! Zealand currency-basis, subject to altera- Peters Ice 1/5/6 .. 1/10/0 rhey are subject to alteration without tun without notice:— Robinson Ice 1/3/6 .. 1/5/0 nBtlM: - 02S.A. Canada San ford (pref.) — .. 15/6 To £1 \.Z. , On Demand „ <P?' , Taranaki Oil 6/3 .. 6/6 Currency. T.T. Bnying. Selling. £lii.Z.) £ 1 N.Z.) Union Oil — .. 1/7/0 C.S.A., dollar . 3 9784 40144) s os-u Selling T.T. 3.98 4.00J Wilsons Cement .... — .. 37/9 Canada, '-dollar 4.0072 4 0519 40ii*> O.D. 3982 4.00 15-16 Woolworth (N.Z.) ... — .. 1/1/7 Belgium, belga . 23.586 23 971 "'{5fl7~ Buying O.D. 4.02 5-16 4.01 15-16 Woolworth (Syd.) .. 1/1/9 .. 1/2/3 C'slovakia, cr. . 113 54 — 113 59 • Woolworth (Syd), 2nd Denm/H-k. kr. . 17.803 18 263 17 8'"9 nni n &un QTPRI liure pref -' — l/8/O FInld. Fin. mks. 179.13 185.33 179'^S ""LU ANU O I tnLlnlU. "Truth" (N.Z.), prf. — «-» 1/0/6 France, franc . 127.67 127.71 Germany, r.m. . 0.864 — ~9 SK9 OVER8EAS STOCK— Greece, drach. . 429.54 _ 4«,\84 LONDON, April 9. AVoolworth Holdings T- 3 43 Gold is quoted at £7 0/1% per ounce. (South Africa) .... 1 o/2 .. 15/6 Java," floria 7!l29 ' 7.319 7.133 The American dollar is quoted at MINING— ™ ""y ay ' , kr - •• l? ®® 1 16.241 15.897 4.96% to the pound sterling, and the . iwftzeriand fV 1730 1?^ French franc at 161%. -* ~ 1/0 ""US 1 '-^ 76 Tl,» ( 11 • , ,, (iillesple s Beach 0/8 '.I 0/11 S"?' ee '®' „. f^ anc 1 - 6 - 47 — 126.51 The following is a summary of the (iolden Crown 4/*> i - "- P ence to— fluctuation in the price per ounce of fine Martha 14/3 .1 — I Hongkong, dol. 18J 18 7-32 18J gold since the beginning bf the year:— Matakl Gold Dredg. . — .. 0/6 rune? C ' oo o, £ s. d. Matnki Junction .... — .. 1/S i,,,' "i" lid- -- Highest price, Mflreh 19 . . 7 0 5J Wnihi Invest & Exp. 8/7 .. 9/3 1,33 64 v ~ . 17 oo-04 Lowest, price, January 3 .. 6 19 5 Grand Junction .... 2/5 .. 3/0 s,^ nnr ; ,V,>i* "iisiiu^ April 4 7 0 Oi Broken Hill South .. 1/1 I/O .. 1/12/0 cS dollar Nnminnl April a 7 0 OJ I.olonm ifully paid) . — .. 1/6/0 Manila' oeso * 30 7 64 -ifi to - ru April 6 7 0 li Mt. Lyell ........... 1/8/0 .. l/9/O ' P e s° •• 30 7 04 -9 o..-b4 30 <-64 April 7 7 0 01 Mt. Morgan 9/4 .. 9,6 ® 7 0 1J Mt. Morgan (pref.) . — .. 5/6 MEAT FOR BRITAIN. April J 7 o 1J North Broken Mill .. 2/8/0 .. — — Kawang — .. 8/6 £1 IS WORTH. GOVERNMENT BONDS— IMPORTS THIS YEAR. 13/4/46-49, 4 p.c 104/0/0 .. — „„ f , ,. 15/6/52-55, 4 p.c 1Q4/0/0 .. — MORE FROM NEW ZEALAND. Based on rates of exchange ruling on April 9, the New Zealand pound is worth: INSCRIBED 8TOCK— „ i-,/7/ { o_ii n „7/in/n Nightly less beef and mutton, but more London 0 16 1 15/1/53-57', 3} p'.c."!". 98/5/0 '.*98/12/6 '.'"'f' '?f s been imported into Britain Australia 1 o 1 15/2/43-46 4 p.c .. 102 "/6 ( ' u,ln f? ie hist two months of this year U.S.A 0 1 6 5 15/6/52-35] 4 p.c. ...'. 104/0/0 ' . .104/10/0 h:,n in the same Period a year ago. New Canada 0 16 6 15/0/41-43, ili p.c. .. lOO/O/O .. '— Zealand's share has increased, though Germany 0 9 9 Mar., 39-43, 3$ p.c. .. 99/15/0 .. 100/7/6 shipments of polk and bacon have been a JJ J® Nov., 38-52, 3$ p.c. .. 103/2/0 ..103/10/0 little smaller. 11 n Sep., 30-13, 34 P.c. .. 99/13/0 .. — New Zealand, sending 8828 tons and nilPTouo lAnrnniiruTn i .. 103/10/0 Australia 5517 tons, supplied the biggest CUSTOMS ASSESSMENTS. 3% .°!.... .' 96/10/0 .. part of t,lc mutton ancl lamb. Argentine * C.im riotuls 15/10/44 ** overshadowed all otlier countries as beef 4p" .........' 103/0/0 .. - supplier, _ exporting 24,462 tons to the Rates of exchange ruling at the date of United Kingdom. As for pork and bacon, departure of vessels named are shown in DEBENTURES— the bulk of the supply was home-grown, the following table:— Auckland Bar. Board, _ New Zealand Meat Producers' Port Saint John, Canada, dollars . 5 01 9/7/49 103/10/0 .. 100/0/0 Board has received the London centra! Port Saint John, America, dollars.'! 5.02 Amal. Brick, 1/3/44, markets official figures of supplies of meat Wnnaka. Belgium, helga 291.58 G P- c - (Auck.) .... 90/0/0 .. — for the two months ending February. 1938. c ty °f Yokohama, Canada, dollars .. 4.99 Amal. Brick, 31/3/44, with comparisons for the same months of City of Yokohama, America, dollars . 4.99 6 p.c. (W'gton) ... 90/0/0 w. — 1937 as follows- — Kaipara, A»nerlca, dollars 4.95 Gis. Sheepfarmers, Tan an(] Ff . h Kalpara, Canada, dollars 5.01 31/8/41, 6i p.c. ..100/10/0 — 10'tS 1017 IS a urn burg, America, dollars ........ 4.99 BEEF AND VEAL: Tons. Tons." CALL AND DIVIDEND LIST. UNOFFICIAL STOCK. Scotland .' 2,963 3!lii2 I —— Ireland 154 439 1 ™ s.ii... Australia 4,816 3,539 DIVIDENDS. A , _ _ Now Zealand 2.398 2,184 1 Due. it' E arm " ? r6eZ - /f? •• ~ Canada 387 305 I Roller Mills—3J p.c. p.a April 1 0 Ak. Farui. ireez. (£1) •• .~r, Union of South Africa . 8 26 1 Okarlto—-4d n share April l'' Auckland Meat l/o/O .. 1/8/0 Southern Rhodesia .... 75 354 ; N.Z. Drug—Final, 4J p.c.; bonus, " Auck. Trotting Club, jj,g. 0 f America 174 269 •' 5/ a share April 1° 1/4/39-44, 64 p.c. . 98/10/0 .. — Argentina 24,462 25 554 ' Tarra Falls—Int.. old l/,new 3d ~ Brit., Dom. Invest. . 7/0 .. — Uruguay 1.395 1 003 " „ a „ s ,'"? re April 14 British Neon 4/0.. 10/0 Brazil, etc 586 378 S. British—Int., 81d a share . April 14 Bruuner Collieries . .. 6/6 Netherlands — Cambridge Clothing—Final, 3 Industrial Chemicals . — .. 12/6 Denmark — p.c., making 6 p.c. p.a April 14 John Fuller. 1949, Oi — .. 65/0/0 Other countries — Wool worths (S.vd.) — Final, 9 p.c. April 15 Mutter* (N.Z.) — .. 11/0 : \Voolworths (N.Z.) Pf., int., 4J Nelson Tobacco (pref) — .. 1/1/0 Totals—Beef and real 40,609 41 295 Amnl. wireless—Int.' 5* pic." ApHl 30 4/0/0 - MCTT °N AND LAMB: ; United Provisions—Int., pf., 8 p.c. vv iv r n ' Fo'reVt's'(4/ " England and Wales ... 1.462 1,518 1 T pa c - April 30 * uaih — 17'O Scotland 3,799 4,150 1 Iron. Steel—Pf., 71 p.c. p.a. (less x '/ U nnYn'nVk *" q/« In land 1 , statutory reduction) May 2' ,, u ' 1 !!! " Australia 5,517 6 *>41 ] ■sig. an !.. A '.. B! ! nk ~!" t .':. 3 ?.P: C : May l 6 ' N " r " h - Co-op. inVeVtl "2/10/0 8/828 , CALLS. RaSn'Uref.'f'.:::: i*. IT/0 utVimcrlca ' 6 ! Golden Crown—Sixth. 3d a share Now Seltridges (Aust.) .... 14/6.. 17/0 Ar-entin i o dn o o tqt M Burns, Philp—New, 5/ a share . Oct. 1 SUknit — .. 1/10/0 Uruguay-' "'Iq-. ' __ South. Cross Invest. Chile etc 14 ' WOOL SALE PROCEEDS. South West. Estate? — .. 15/0 J Denmark"**. 8 . i| I ' Waikato Carbon., Other countries 11 S ■ 1 /4/41 90/0/0 • • — • WELLINGTON REALISATION. " 1 | 1 i" tane Papef -,/« «/q Totals—Mut. and l'mb 22,487 22,743 - L- Wliakatane V'aper 7 7 p °RK AND BACON: i <Bv Telegraph.—Press Association.) M' lls — •• 16/0 5 nK ' an(1 1 and Wales ••• 5 -l 46 5,047 | .. , , AVilton Collieries ... — .. 15/0 Scotland 2 4 ' WELLINGTON, this day. Wl'nstone — .. 19/0 Ireland 540 1,255 i The Wellington wool sale in March C'oromandcl Gold ... 1/0.. 1/6 XewziSnn'd V.'."!': I."!!! 1,074 1404 « / realised £337,714 gross, the Amount per " Canada 173 231 I hale Jieing £14 17/2. The average, price Union of South Africa . — — 1 per pound was 10.OO6d.. The number of iMnTnii mil -rnkr\r* V' S " °'.America 92 93 1 I'm I cr offered was 24,291, and the number 1 ALI61 KALIAN I nAUt. Uruguay 3 105 I 36 J sold 22,731. The number sold to local Brazil, etc. 1.|1 23 49 i mills was 199 bales. The net weight of Netherlands 83 101 wool sold was 8,100,1081b. A comparison of Australian imports Denmark 30 45 j under the various classified headings in Other countries 80 57 DAIRY PRODUCE. iZE' * ■»». Tiii wL