BEEF PRICES.

Press, Volume LXV, Issue 19724, 14 September 1929, Page 14

BEEF PRICES.

RAISED BY BUTCHERS, j DISCUSSION AT MASTER j BUTCHERS' ASSOCIATION. j Tliat the price of beef must go up j was the decision reached at the meet- j ing of the Canterbury Master But- j chers' Association on Thursday even- j ing, when considerable discussion took , place on the matter of the short sup- ! ply of fat cattle and the probable causes of that shortage. Reference was made at the meeting to the further increases in the price of beef at the last few sales at Addington. and the fact that there did not seem to be any possibility of a reduction for some time to come. Thus it was decided that butchers will be compelled to make farther increases in the beef prices. However, members stated that sucb steps were necessitated only by circumstances quite outside their control, and although statements had been made that tho pre-en t prices ruling in the market would probably fall shortly, they did not consider that such was likely to occur, as there was not the fat stock to meet the demands. If the suggestion had any foundation, then the last few sales would, have brought in the supply. In the following discussion the opinion was expressed that one of the causes of the shortage was the bobby calf industry, which was undoubtedly having a bad effect on the supplies of fat stock.

It was decided that a suggestion should be made to the Government asking it to investigate this aspect of the position.

N.Z. FINANCES. CREDIT STANDS HIGH. "MORNING POST'S" COMMENT. (UWITMJ PRESS ASSOCIATION—»T BLECTRIO nLEOEHtB -COPYRIGHT.) (Beceived September 13th, 7.40 p.m.) LONDON, September 13. Referring to rumours of New Zealand Conversion Loan offers, the "Morning Poet's" City Editor says: "New Zealand's credit stands high, and the terms now mentioned are in harmony with it. It is believed that the amount outstanding has been reduced through the operation of sinking funds to under £.10,000,000. I understand that the Government will offer the holders of about £9,700,000 4 per cent, stock, new 5 per cent, inscribed stock dated 193545 to about £5,000,000 at 98; the balance of about £4,700,000 will be repaid in cash on November Ist. Thus New Zealand is not seeking any fresh money at present, but instead is redeeming practically -0 per cent, of the amount outstanding. The conversion offer will doubtless be underwritten, and the response should be generous." — Australian Press Association.

WHEAT FREIGHTS. BIG REDUCTIONS ANNOUNCED. [THE PBBSB Special Service.] DUNEDIN, September 13. An important announcement of big reductions in the freight on wheat from New Zealand to England was made this afternoon. Messrs J. W. Swift and Co., agents for the Commonwealth Line, have been advised of the new rates. For the September ni.'d October shipments the rate of freiglii is 25s per ton weight net, and for the November shipments 27s 6d. The rate ruling up to the present has been 40s per ton, plus 10 per cent. The now rate will be effective on all steamers of the overseas companies regularly trading between Home and the Dominion.

N.Z. APPLES.

GOOD DEMAND IN ENGLAND. (rases asbociatioh tju-eqium.) NELSON, September 13. While Mr A. E. Dee was in England he made close enquiries regarding the condition of the apple market, both from brokers and from retailers. The general impression found was that New Zealand apples were the best obtainable and that retailers were asking for them. Mr Dee obtained a good deal of information which should prove of value to the industry, and he proposes to place this before the interested parMr Dee added that red apples which were picked and left Nelson district before he commenced his trip, had not reached England when he left on July 20th. This variety of apple was wanted at that particular time, and he found that Statesmen and Dougherty, two of the latest varieties to be picked, were beinc sold as red apples because there were no others on the market at that particular time, while Stunners, the last spples to be picked, were also selling in London, as red varieties had not arrived, although they had been picked much earlier in the season. In tho Midlands particularly Mr Dee visited many retail shops and had cases opened in his presence. He obtained reports on several registered brands as to the conditoin of the fruit. One broker informed Mr Dee that he could always get a better price for "H" » n ci "J" apples, which mainly come from Nelson. NEW U.S. TARIFF. CANADIAN RETALIATION. frnrrraD raass association—b» «i.«cteio TM.KORAPH -COPYBIOHT.) OTTAWA, September IS. Canada is planning tariff retaliation against the United States. News reaching here indicates that tariff increases against the Dominion already mentioned are to be extended even further. Canada will use a two-edged weapon, one being increases in duties on commodities which will do the utmost harm to the United States and least to the Canadian consumer, and the other tlie wider opening of all avenues for inter Empire trade. The latter will be fully explored at tho coming Economic ConIt is understood that a parley will be held in mid-summer next year, either in London or Ottawa.—Australian Press Association. « Fiscal proposals in Canada's next Budget will include not one or two, but a considerable number of duty increases afrainst the United States. In every instance the goods thus barred will be supplanted by goods made here or in other parts of the Empire.—Australian Press Association.