LATE COMMERCIAL

Press, Volume LIX, Issue 17747, 26 April 1923, Page 11

LATE COMMERCIAL

MEAT SHIPMENTS. SOME INTERESTING FIGURES. Appreciation of the work d- ne for the farmers by the Meat Producers' Board was expressed at the meeting on Tuesday of the North Canterbury Provincial Executive of the .New Zeaiand Farmers' Union. The general manager of the New Zealand LUeat Producers' Board, replying to a letter from the executive the regulation of the shipment of ir zi.'ii meat, stated that the .board had been watching the po.-.ition very caivluliy regarding the shipments going forward, inasmuch taat the amount of moat shipped had been regulated each month since the commencement of the present s_ason. Had the Board not taken ste ; is in that respect months ago, there would be very little meat left in the stores in the Dominion at the present moment. The regulation of shipments was one of the most important jobs undertaken bv the Board, and one which required very d'elicate handling. Shipping companies were co-operating and assisting in every way- to ciirrv o ut the policy of the Board in that respect. IX Jones said that with the abundance of shipping, the companies wero pushing all possible ship-; forward to get cargoes. The new regulation would give the companies more regular business, and the arrangem lit had been beneficial to Now Zealand. Air Jones answered various questions regarding the meat market, «uid gave to the me-'t-ing the following figures of shipments actually departed from New Zealand, beef, mutton, and' lamb (freight carcases) :

On the motion of Mr TV. A. Banks,, n hearty vote of thnnks was passed to Mr Jones for his information, and to tli© Meat Producers' Board for the work it had dono for the farmers, Mr Hanks remarking that although the Board was criticised in various quarters it had done magnificent work, and had; put over a. million of pounds into the pockets of the producers. Mr Jones briefly returned thanks. PROFITS ON TOBACCO. (Received April 25th, 11.35 p.m.) LONDON, April 25. The Imperial Tobacco Company of Great Britain and Ireland has decided 1 to give shareholders a bonus of one new £1 share for every three held. As the issued ordinary share onpilal is £22,472,000, this means a bonus total of £7,490,000. In order to make the distribution, part of the reserve shown in the last balance-sheet amounting to twelve million will be capitalised. Tie net trading profit last year was £7,194,000. A dividend' of 22£- per cent, tax free was declared. LONDON WOOL SALES. (Eeceived April 25th, .5.5 p.m.) LONDON, April 24. The wool sales opened strong at 7i to 10 per cent, advance. The catalogue comprised 11,935 bales, of which 5564 wore Nflw Zealand and 4207 1 Australian. There waa a fairly representative selection of all classes and a crowded attendance from all quarters. Merinos were 74 to 10 per -cent, ab'ove March closing ratea, American and French buyers being active, but Yoikshiremen were quiet. Medium, and low crossbreds advanced 7id and better grades 10 per cent., American, French and Home buyers all competing Keenly New Zealand Blipes, lambs, sold up to 26id. BURNSIDE MARKET. (PEESS ASSOCIATION TELEGRAM.) DUNEDIN, April 25. The weekly Bale at Hurnßido was held on Tuesday, and its a result of the railway service being disorganised through floods, few consignments of stock were offered. This, together with the fact that it waa an OS day, had the effect of producing irregular ealea in respect of fat stock. Fat Sheep—There waa an entry of 1097, compared with 2637 last week. The quality was indifferent, there being very few prime sheep forward. The attendance of buyers was small, and butchers having supplies on hand were not keen operators. Prices were much the same as last week, but the sale was a dragging one and very irregular. No prime heavy wethers were penned, but handy weight wetherß brought 6id to 6d per lb, good ewes 4d to 4sd, and second quality ewes 3d to 3Jd. Pri.ne wethers made 32s to 88s, medium 26b to 295, light 21s to 28s 9d, extra prime ewes 345. 6d, prime ewes 22s to 265, medium 18s to 20a 9d, light and inferior 12s 6d to 15s. Fat Lambs—l 36 were penned, compared with 1022 last week, mostly medium quality. Last week's rates ruled. Prime lamb was worth BJd to 9d per lb, and seoond quality Bd. Prime lambs made 27s to 29s 6d,_ medium 24s to 26s 6d, and light and unfinished 18s to 22s 6d. Fat Cattlo—There waa a very large yarding, totalling 266 head, compared with 262 last week. Taieri farmers had a larger number forward, as they wished to dispose oj their cattle, owing to the paddocks being under water. The bulk of the yarding consisted of medium and light-weight bullocks, and a large number of oows. Heifers and prime bullocks were not numerous, and they sold fairly well. On the other hand, medium bullocks and cows and heifeis were , veiy hard to dispose of, and a large proportion of the yarding was passed in unsold. Altogether, it waa a bad sale, and values were back los to 25s per head. Prime ox beef was worth 24s to 25s per 1001b, medium quality 22s 6d, prime cow and heifer beef 17s 6d to 18s 6d, and aged cows 15s. Prime bullocks made £8 10s to £ll 17s 6d, medium £6 15s to £7 12s 6d, light and unfinished £5 to £7 12s 6d, oows and heifers £3 to £5 15s. . Store Cattle—Very few dairy and store cattle were forward, and the demand was poor. Prices were 20s , below those ruling last week. Fat Pigs—Only about 40 pigs were forward, but even this number yfSa more than sufficient for requirements. Values were much below those ruling last week. Baconera brought up to 61d and porkers 7sd, per lb. SHARES. (Eeceived April 25th, 11.5 p.m.}' LONDON, April 24. Dalgety and Co., buyers, £ll 10s and £75; Waihi. btivers -26s M, sellers 28s Id; Junction 5s 6d; P. and O. (def.) £325, sellers £345. EXCHANGE ON BERLIN. (Eeceived April 25th, 11.5 p.m.) LONDON, April 24. The exchange on Berlin is 141,000 marka to £l.

192-2-23 1921-22 1920-21 November .. 118, 044 202,049 693,73.' December .. 123,661 151,654 •1,135 £82 January .. 697,552 456,911 470,678 February .. 663,970 828,343 643.716 March .. 771,276 859,682 819,411 April (expected, to ship) 550,000 682,631 554,918 2,926,503 3,181,270 4,120,742 May 1,037,922 82 I? .8''9 June .. 490,311 1,229,233 July 564.742 1,409 614 August547,864 310.4 <5 September .. 4?9,144 4S9 781 October .. 274,428 350,858 November 100,187 6,685,868 8,737,535