Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

FINANCE AND COMMERCE.

EXPORT OF FORK.

BONUS TO BE DIS CONTINUED. STATEMENT BY MINISTER. [TVS ruis S*rae« ; WELLINGTON', N '...■raf.-r Cabinet ha* decide-! t-> d;s''->nt:r.ue tf> boo as on the «iff; >~<i p«-rk 1 * ** a "' •f tlf present *><>nrfc. The sol sidy ml! ki> paid on 'ill pork, slupped to th* t M.ed Kingdom op to and including Nnrem.-er 3i>th. but not r Ch.lt dnt>r. Is makicff !hi< annouri' ernt-:.: the Minister for \„*r:.--:!-;re the H \!r fortes; said tii if it <* »ati»fn"*"ry t» Bote that th»; trade in the export *>f pork had developed roti*t'i*'ra''ly of late, the shipments f>T rh* year ended October 3lit Nst .f r " "Z • ° I .>9.29' r:ir>-»«M, as f<»mrjr< 1 i » i . -t caresses rtnncj • o -.*!.« ended September 1 '' Earlv !.nt ycar, before thf* wait granted, "-li'i Mr F<>r' » 4 . " f he market rrt °':e-* for ptj* suitable '■ •? both the export ar.'i lo":il tr:>d»' were >' 1 very low level. anil the ineentive to increased output wi« ro<v«e'}ttently irl- * tag. Sine* then values have impf-* ed and those now ruling af>' m a good basis, though 3* regard* the export ci:.r ket, this mar be influenced t>> *#-. extent by short supptie* in t.-«t. i •;>. our New Zealand pork has mad* a good r»r-i!tati>r ?■ r t'v If >-n the EngH«h market. *t( with care »'• •' attention given to quality n*.• I t • of fading methods likely to pro-im •• .in taMnblf taint, th*f* is a good prospert of still further building up a valuable export trad# in both r-rk r and baconer carcases. •Ut is the desire of the Government to farther thi«. ard during the r •«« earefol enquiry and et?nsiderati->n v.-iS I be given to the question of haw it ran best be done. Many producer- have had the impression that they wrer- not receiving the full d : reet value r.f the aabsidy. hot the faet that at the time of purchase from the fanner the pigs to be at lined for the I oral trade and export respectively cotild rot be differentiated r-.:nde»*d it impow»iM . i f*#' •■as'"" t n paj tl« subsidy direct to iowrwer, h*» no doubt been of distinct toacflt, and can be re«arde»l a.« hariag »eea a factor in helping to bring about th* present improTfd position. It i» rea!tM>d that there i« plenty of - -nm f. * B sseb g««iter deTelopment of oar porfc stport, sad it i« ths desire of the Gorirtalent to do what It eita to help brirg tbis shoot. "Slues the subsidy payment.* eomme&e«d £49.150 hat been paid in resp«t of pork exported op to September SOth. sad ths estimatrf amoont n«dc<l for p»y*«*ts on October and Non-ember i shipment* is £5500, making a total of ! C54.M0 in all." j . BOY MORE WOOL CAMPAIGN. OTHER TEXTILES MI ST NOT BE injured. Bum tnass *JS®ct*Ttoa—■* WLuemc ntxsun tonus sr. j LONDON. Norember 11. Sir Lbwtvoc* Weaver, addrwimg Bradford basinesamen on the question et manufactarer* co-operating in the Aaftral'an Buy More Wool Campaign, m»tA that the plan facing the English Adriaory Committee would be to mmnmm the cooanmptioa without conside ring which sections of the trade mould gain the most from the increase. He insisted that there must be po«»tiv« propaganda in ftvoor of wool aml not an attack rm other textile*. The task of rfocalmj the public as to the merits of their wool was a large diftetilfr*. bat he was ervafident that it * wotikJ b* acco?nplished. NEW CITY HOTEL. hotel is to be erected in Colombo street at the southern eorasr of Bath street, near Moorbouse areaue. Tlw new structure, which will reptaeo a number of old wooden shops, will eertaialy itnprovs tho neighbourhood fn» an architeetural point of view. It will be in eonerste, of two storeys, and will comprise abont 30 bedrooms and the usual hotel appurtenances. The cast will be approximately £3500. TW owners of the Srw City Hotel, as It will b« called, will b« Messrs Ballin Brothers, and Mr J. Blake, the present licensee of the City Hotel, will be the Heensee. The license of the City Hotel will b# transferred to tke new house, Bad the feetioa sow occupied by the City Rote! will b« used far shops and •Ckes. Work will eomaieace almost Immediately oa the demoUtion of the present buildings, and the emtion of the new 'hotel The plans for the new building were drawn by Mr J. Gathrie. While it Is aot intended that the aew hotel should b« ia the very first class in fkirht'lwrk houses, it will yet seek to eater for a superior travelling public aad permanent guests. SEED INDUSTRY. SCIENTIFIC DEVELOPMENT. uraass otwutiw Ts.L.t«a»*4 FALMERSTUN N.. Norembs-r I'J. On a mnnioß whwh will mean a deal to the seed industry of the DoBiawa awl the scientific development si d*aww»-#re« crops. Dr. Cunningham, tfcie# mjmAjjttait oi the Plan* Research Station at Palme rston N<>rth, is et»twiag on the ftnal stages ot' an extrn•tre tour abroad as tii.j representative «l New ZcaJaml. Hs attended the Imperial Myroloci<sl Conference is London fur the •ecood ooauMta, and when hj« returns t*, is sntici|>ated that highFr important mfsnutws will he available r*n cenung the methods of r«ntr»)l of phsa« dneßMss in other countries From C'jnadj. Dr. Cunningham arranged shipments to the Dominion of fws lines of' potatoes, tttruip*. and swedes. If they are suitable. th«?y *iM be propagated in areas at Mawt Call+xm, s'td in the ?v>«itb Island. In England' Dr. Cunningham investigated lh» prohlecn ot* nwede seed free from dry rot, urging growers there to take prmurtMNM against disease, A n«ther Hns of_ mvestigation deals with the strits disea«- in potatoes Or. Cunningham expects to return in Januarv EGG AUCTION. Ifasass Hart is Br >«• , l.ui , ttimt tfce^ weakly «al« of "I'tmibot Bntnd * (stiMJ»d flirt *s» held y»stsidaf af'etaoon «ae U&Um is-* pncM r*»Ltw>d —Has Sgna, list trad* (3ns or onrt, U 3d, Mcoad •■■is (<«ada tarn, I*. _a

| WOOL SEASON.

FIRST SALE TO-MORROW. j SPECULATION AS TO VALUES, j (THE russ Special Simci } | v\ FXLI.Vf; TON. N.)r t m'«.r I.'. T wool v .i~. :i u! wiil t»- >»|«eri'-ul by the in Wdhng- ! ( t'tti. it wt!i b*' ; :t- i in the T>jwuj 1 iL.li'. >;.irtuig »t "J i n Thiir-dar. | ( I h..- r|iinn-.ity to t.« i-.ff..rv«l is apfirvsi- j ua!«.•>. The ligurct i ' taken .(■» apprwimatr uiily, i>r al- J . zii th..- <.atuk)gur> «•• re Mjp}mw.d | j to cl<rv ->iheiali> on Saturday, by nxi- ; vi;t '.r-'Kiare iticlndnifi anj lots i . tii.ii mat h:.ve t unit to tu.nd yt-atvr- j , r;-■ v. tKat «J.». j..t ,1 i .r.M lilUV j j i< «.ofi*»:wh.Tt larger than the i ki'v*-n a'.^v•>. At th-- i >rr- | fa-a year the q i.: ntit i ort'»-red t 77.!~J huie,i, .uid 7'3'Jl were v i'l. There ' j aifl rny little iJI»T.n».» * ./• ! uiTi r- j ; ,n tJ. ■>> to 1 1 s > tor the i M trlfw rixi ih 'list.rut h.ij been able to jdo u-rv shearing. Ihe bt'.lk <il [ tl.« woijl w iil '.»• (r< »s!>r».tl tr mi the ! j V. .rur.i-i .. and Man.T.i.i-j | t'l di-tr.'-t,*. I As to valuer th«-re ii tMt one among j the !r>c.:l wix»i • sp« rt s willing t>> \«-nI t :re an opimim, but » -«i men are J I rally optimistic, and they point to j the tart that the market shows ;tn us.- | | [-roved tonu Hut that d.i« > not r.> < »•>. j | >arifv mean improved ( ri. t-t. Aey j lor«.t .ist -•> to values would be mere ! g':e-s.s»ork, for v.ilni-» are determined I j bv the hti>. r» and not the sellers. Ihe I s••>»>! but m>t representatives irom ' j ~ i .-ri-'-as will their final j m-t ruction- t"-morrow mirn- j I »m! tl>e bidding of tfie 60 or 70 I [ bur»-rs with their »-nrying views as to the inniedntte proMpert* will l>« the' determining factor in fixing wool ! v.ihie on Thursday. There are a few | j favonr.ible factors that warrant just I a little optimism The hank rate has been r».«duretl to 6 per o»-nt , and nlt'lOUSb *till a heavy weight on indus- | try. there are indications that the conditions nre gradually i-e. j iwn-mg fevt,-r and with the foreign | <x- b- n.M-,» rrntinoir; in favottr of! l-.-ndoT. the h.->nk rate mny very soon i be rtnii:retj f.» 5j fjrtPT cent At si!! 1 events the ir-imediate outlook is for ) a m!I in n,nnev rates Then. j th«* tfp« market «»how* more hu»van'-y. art ) far a.« the low crossbred tops j lire rr >m errtd there has been a rise in values since the last week in (Vto-lw-r. a* will he seen by the figures! givrtl b-?tow : T* P' tkt JStii. Nov. 7th. d. d. R4 's ... C}J ... 31} .u ■~£* .26 -2fi ... 23 23 4» « ... aoi -_T»| ! 4t's ~l9| 20 A »jo«l deal will depend upon the rttitade adopted by wool-growers. If they show any disposition to accent the prices ruling then there should he a fair clears nee. On the other hand, if the other course is adopted and ; there are many withdrawals, it will help to hank op supplies in the subsequent sales and prejudice thoee who bare ret to market their clips. Commenting on the November »ale of last year, Messrs Levin and Company wrote: —"As the date of the sale approached, buyers and brokers were freely speculating as to what wonld happen, bat nil seemed to consider 'bat if pri'-ps for December last year f1927t, which were the lowest of rhe reason, could be maintained, it would he as mprh as could be expected. It is satisfactory to find, then, that better th.m December was obtained under the stress of competition, and that except for merinos and halfbreds round about November rates were forthooming. and the new season starts upon « satisfactory h*«is " Tnere is to-day the same uncertainty as to values, but it is to be hoped that the stress of competition will be sue! as to bring oat values satisfactory to «!1 concerned. At the first sale last year, the net weight of the wool sold was 2.672.9"291b. and it realised £ 176,401 13a lOd, «squal to £23 2s lid per bale or 1">.930d per lb. FARMERS AND BACON COMPANIES. trmass tssoasTtoa rsLmot*.x.) PALMEBSTON N., November 12. From the point of view of the pig ! industry of New Zealand, the conference held in Palmerston North to-day between representatives of the Dairy Farmers' Union and the bacon companies operating La Matmwato was fraught with great possibilities. The meeting was called by the Dairy Farmers' Union, which is anxious to see a uniform method of baying adopted by the companies. What is known as hook weights was suggested as the best method, as it would be a first step in the direction of baying pigs on grade, and to would encourage farmers to produce an animal of first quality, and a pig that would baild up the Dominion export trade. The Dairy Farmerf* Union was advised to approach all the eurers of the Dominion, so that hook weight baying could be adopted as the national practice. BEX LEI, LTD. Mr Seatlia. Fadarsl Prims MiaUtsr. has hi* prafaraaca lor British «»*.at>!t«fctng branch#* in Australia relkar than th«y should "ask os to import ttta-r (wxli Ho****r. as imt>eriaa: Aiilniiu ataoafacturiaf at>t*rpri>« bas to op«o a branch in th# United KisgilffiM. arraassasst* ars h«ai( mada by Lid. maaafairtiirtTa oi cor»»!» and braM.'rwi, with haadawrters .a Sfdoey. and •abaidiary roaipaaxa in Meiboarna and Ao'k'aad. in *.ba CoHad K.acdnm. Tha parrat e»j > ceaspsaj will r«r*i»a (rota the n«w *wni(>a»y a tertain ai'.®t,B»t«t of futir-t>«>d • 'la'*' a« f.»r lrad» mark* and pjt»at r-fi:.«. «ad wit! app'r for o:h*r <har»a at par. For in* T«ar Jan» 30lb l»»t Ltd, ,\-j»tratia». a(-.»r prnTidiox for uta'. M, wa4a i2 t.'-ii a*t profit, or 14331 «><"» titaa lor tb» py#T-c-j» y*»r. I»-.T.d»n<I for li* j-rmr of 10 p»r <ats«. oa lb* ordinary *b*r»» and • par <*ai. on tba pr*f#r*r.<» iharrt look f I S. 113. aad 11283 vii rarritd forward- Th# raport *aid that BarWi Pty., Ltd... tbvr4 a laliafatrtorf iarraass a* proit. aad tliat B»rl« (> 7. •. Ltd., daclawd 10 per cant. 4>*td*od. and boo a a af I' r»r ■&»!•*. t> t 4*a4« from l.b'»» raaptn n i«ao<jnt(«>f to i*'> 2 4 bad t>»»» rin-aitrd liftr' tba r'oaia* of tba accoaau. and *fr» cot ra<rl.»<l»4 ib !'.« #rar»-t f»r t92*-29. Tba partffil poirpaiy th* ro«truiiiAf in t.a4-t#r7f %r *-t Ltd., - ir.t-j. aad tt# oj r,jb-« (or Auntral.a. LONDON PRODUCE MARKETS. Tb» h»sk of »» Z'i'.iri h,j€ r»'C» t<kJ tba »d»f; >b> iu o?.c« *« al tb« <!»»♦ of baalsra* latt >itk - f#t . ITTIf Ir* 174* p*T cwt. . «liu« 9J-« p+r e*l, 92* par cwt. Fn»a#tt 4t»at—le it thoarhk !h.al r for arathar wattna w.ii rviaain «t.ady at lait yaotaliaai Thar* ■* a fur demand for a-> »a. Tae mar hart tar lamb* i» qmat but firm. 8«at:«r sappiiaa of baaf ba*f e»o»«d prices t* aarda*. W«thrr*. Itjbt. «d to 6| 4 p»r m- .»»)'•-< in mrr lb: net. 44 to «|d p»r lb: Uabi. 3 *. Sd to »ld per lb. lambi. #§, T|d to #d p*r lb: !inbt. ♦i. t|d to 7ld per tt>: l»»hi 7d t« T|d per fb: ot bind*. sld to 64 par lb: o* 4|d ta 4|d p«r lb; cow bind*. 54 M 514 per lb; cow (eras. S{d ta 4d par lb.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19291113.2.110

Bibliographic details

FINANCE AND COMMERCE., Press, Volume LXV, Issue 19775, 13 November 1929

Word Count
2,197

FINANCE AND COMMERCE. Press, Volume LXV, Issue 19775, 13 November 1929

Working