MARKETING OF PIGS.

New Zealand Herald, Volume LXIII, Issue 19510, 14 December 1926, Page 11

MARKETING OF PIGS.

A CO-OPERATIVE SCHEME. PROPOSALS IN WAIKATO. [BX TELEGRAPH. —OWN CORRESPONDENT,] HAMILTON, Monday. A further step toward the establishment of the proposed co-operative pig marketing scheme in the Waikato was made to-day when representatives of cooperative dairy companies considered a. tentative scheme brought forward by Mr. S. H. Judd, of Cambridge, who presided at the meeting. Mr. Judd said that as a result of the meeting held on December 3 it was agreed that the killing of the pigs could be satisfactorily carried out at Horotiu by the Auckland Farmers' Freezing Company. The marketing of the exportable pigs would finance itself and the chief problem which arose was the disposal of the percentage of unexportable pigs. To deal with these, Air. Judd outlined four alternative schemes. They were: (1) To enter into a contract with a bacon company to take the carcases; (2) to sell in lots as opportunity offered within New Zealand; (3) to enter into a contract with a local curer, and when cured the pigs could be returned to owners for disposal, sold to grocers, sold by auction, or exported; (4) if none of the other schemes proved practicable, advantage could be taken of the freezing company's offer to provide a curing chamber and turn the unexportable pigs into bacon. Mr. Judd then outlined the draft scheme for the establishment of an organisation which, he suggested, should be 1 called the New Zealand Co-operative Pig Marketing Association, Incorporated. The scheme provided that members should consist of any co-operative dairy company at present operating in Sonth Auckland, future members to be elected. The association would be conducted by an executive of three, to be elected every three yea?s, with a consultative member from the freezing company. The conditions proposed for the receipt of pigs included one that the owner of the pig should be a supplier to a co-operative - dairy company which was a member ot the association. The proposals also indicated that a reserve fund for making advances to suppliers and an insurance fund would bo established by means of small deductions. . Mr. Judd was congratulated on the comprehensive nature of his draft. It was decided to send copies to the dairy companies concerned and to invite suggestions. Those present were constituted a provisional executive committee. SYDNEY WOOL SALES. RULING RATES MAINTAINED. Australian and N.Z. Cable Association. | (Reed. 10.55 p.m.) SYDNEY, Dec. 13. The wool sales were resumed to-day. There was good general competition at late rates for superfine wools. Burry, heavy and doubtful wools were irregular and at times difficult of sale, but all other descriptions ruled firm at the closing levels of previous sales. Greasy Merino sold to 32|d. THE NATIONAL BANK. INTERIM DIVIDEND DECLARED. [BY TELEGRAPH.— PRESS ASSOCIATION.] ■WELLINGTON, Monday. The general manager of the ' National Bank of New Zealand, Ltd., has received a cable message from London advising that the board of directors has declared an "interim dividend of 12 per cent, pet annum for the half-year ended Septembei 30 last. This is the same as for the correspondinhg period of last year. THE MEAT MARKET. PRICES AT SMITHFIELD. The New Zealand Meat Producers' Board has received the following cablegram from its London office, dated December 10, advising Smithfield delivered prices at that date as follows: — New Zealand Wethers and Maidens.Canterbury quality, selected brands, 5611b. and under, 6 l-8d per lb.; 571b. to 541b., s£d; 651b. to 721b., s£d. Other brands, 561b. and under, s§d; 571b. to 641b., s£d; 651b. to 721b., sgd. Now Zealand Ewes.—64lb. and under, 3jd. New Zealand Lambs.—Canterbury quality, 361b. and under, 10 l-8d; 371b. to 421b., 9|d; 431b. to 50ib., 7Jsd; seconds, Bgd. Selected brands, 371b. to 421b., Bsd, New Zealand Beef.-—Ox fores, hinds, 4d. - Argentine Chilled Beef.—Ox fores, 4d: hinds, 6Jd. Argentine Frozen Beef. —Ox fores, 3|dj hinds, 4Ad. " Frozen Pork.~Bolb. to 1201b., 9d; 1201b, to 1801b., B^d. Lamb.—The market is unchanged aiad quotations ar* nonurlal, Pork.—Nominal prices. LONDON WOOL SALES. COMPARISON OF THE PRICES. The New Zealand Loan and Mercantile Agency Company, Ltd., has received tin following cablegram from its Londoi office:—London Wool Sales: As compara with the closing rates at last sales, price: are about the same for Merino and cross bred lambs and fine scoured crossbred about par to 5 per cent, lower for greasy Merino super, scoured Merino super about 5 per cent, lower for mediun greasy crossbred, coarse greasy crossbred medium scoured crossbred and coars scoured crossbred; ahqut 5 per cent, t 7j per cent, lower for medium Merino crossbred slipe; about If per cent, lowe for inferior Merino. Prices realised fo average to super grades of description were: Merino super, 23d to 25d: Merin average, 18d to 2lid; 56 to 58's," cross bred, 22d to 25d; 5(3 to 56's, 17J,d t 20id; 48 to £o's, 14- J to 16|-d ; 46 t 48's, 13-iid to 15d: 44 to 46*8. l'2|d t 14^d; 40 to 44's, 12d to 13^3: 36 to 40's to 13d. There was little Frencl demand. The sales have closed. BRUCE WOOLLEN COMPANY. DIVIDEND OF 7 PER CENT. The balance-sheet of the Bruce Woolle: Company for the* year ended September 1! shows that the gross profit amounted t £26,801. Interest, discount and instil ance absorbed £9294, and maintenance working expenses, etc., £8451, leaving net profit of £9056, which, with £254 brought forward, made available £11,60: Out of this £2OOO has been applied to th writing down of plant, £IOOO has bee' > added to the reserve fund (bringing tha fund up to £12,000), and the dividend c 7 per cent, absorbs £7OOO, leaving £l6O to be carried forward, t I PUKEKOHE POTATOES. J [BY TELEGRAPH.—OWN' CORRESPONDENT. ! PUKEKOHE. Monday. ■ New potatoes to-dav are quoted at £ i 5s and £8 10s per ton f.0.r., Pukekoh » with hundredweight lots up to 9s. 'lr f 'market is reported to be fairly firm.