MEAT EXPORT SEASON

New Zealand Herald, Volume LXXI, Issue 21968, 27 November 1934, Page 5

MEAT EXPORT SEASON

LAMB KILLINGS LATER LARGE TRADE IN PIGS FOREIGN RESTRICTION EASED Lamb killing in the Auckland Province this season is later than in recent years and it will be about a fortnight before the flush of the season is reached. However, there has been a substantial increase this year in killings of porkers and baconers, particularly porkers. . The schedule of prices on hooks at freezing works is unchanged this week, tho following rates being quoted;— Lambs.—36lb. and under, 7d per lb.; 371b. to 421b., 6Jd; over 421b., 6d; seconds, 6 id. Pigs.—Porkers, 601b. to SOIb., 6d; 811b. to 1001b., s id; 1011b. to 1201b., sd; baconers, 1211b. to 3601b., uid; seconds, 6id. It was expected that the'stabilisation of export prices for lambs might augment the supply, but generally speaking the majority of lambs are not yet ready for killing. Possibly, some farmers may be holding lambs to put on more weight, but the principal reason for tho smaller numbers is tho unfavourable weather conditions in the winter and early spring. The experience of exporters to date indicates a larger number of "seconds" in lambs. The total export of lambs for the season should be equal to or more than last year. Pigs are being dealt with at freezing works in large numbers and the export prices indicate healthy competition for supplies. A cablegram received in Auckland yesterday staged that Great Britain had relaxed to a certain extent the restriction of 40 per cent on foreign supplies of frozen pork, the United States and Argentina having received some concessions. This has resulted in an easier tendency in tho London market. WESTPORT COAL YEAR

AN INCREASED OUTPUT DEVELOPMENTS IN INDUSTRY [BY TELEGRAPH —OWN CORRESPONDENT] DUNEDIN,, Monday The 53rd annual meeting of shareholders in the Westport Coal Company, Limited, was held to-day, Mr. James Begg presiding. The chairman referred to the loss the board had suffered during tho year by the death of its chairman, Mr. C. L. Denniston, who had occupied that position for 14 years. Details of the company's report and balance-sheet were published in the Herald on November 19. Reviewing the company's operations, tho chairman said the output during tho year was 154,646 tons, an increase of 17,156 tons over that of the previous year, which was very satisfactory in view of tho fact that tho demand for bituminouscoals was diminishing. It was satisfactory that the company was in a strong financial position to meet the depressed conditions now prevailing in the industry. The company's mines and plant, generally, had been maintained in satisfactory condition. The greatest need at. present was for better trading conditions, but with so many mines operating in a diminishing market practically all collieries were working only part-time. There were still great reserves of, coal on the company's properties, and if markets wero available tho production could continue for many years. Intensive research into possible new uses for coal was being carried on in the Old World and in America, and small quantities of liquid fuel were now being produced in several countries. So far the cost of this fuel was far in excess of the cost of natural oil. These developments wero being carefully watched and the- financial strength of the company was such that advantage could be taken of any developments if and when it seemed desirable in the intorests of tho shareholders to do so.

The report was adopted. Messrs. E. C. Hazlett and James Begg were reelected directors. ,

PRICES OP METALS QUOTATIONS IN LONDON (Received November 26, 0.45 p.m.) LONDON, Nov. 24 Following are to-day's quotations on the London metal market, compared with tlioso of November 22: Nov.. 24 Nov. 22 Per ton Per ton JC s d £ s d Copper, slnij,, spot.. 27 0 71 26 14 41 Copper, stan.. 3 mos. 27 6 101 27 1 101 Copper, electrolytic .. 30 0 0 29 17 6 to . to 30 10 0 30 2 6 Copper, clec., wire bars 30 10 0 30 2 6 Lend, soft, spot .. 10 11 3 10 10, 0 Lead, soft, forward .. 10 11 3 10 10 0 Spelter, spot . . .. 11 13 9 11 1C 3 Spelter, forward .. 11 18 9 12 0 0 Tin, stan., spot . . 22.9 6 3 228 ' 3 9 Tin, stall., 3 mos. .. 228 11 3 228 11 3 Quotations for other metals, with last week's prices in parentheses, are: — Pig iron: Homo trade, £3 7s 6d (£3 7s»6d); export, £3 2s 6d (£3 2s 6d). Antimony: British, £64 10s (£59 10s); foreign, £56 10s (£54 10s). Molybdenite, £1 14s 6d (£1 14s 6d) a unit. Wolfram, £2 Is (£2 Is) a unit.

SHIPMENT OF OATS LARGE CARGO FOR ENGLAND [ax TELEGRAPH —PRESS ASSOCIATION] INVERCARG-ILL, Monday The steamer Norfolk will sail from Bluff this week with 19,000 sacks of Garton oats for England. It is stated that it is some years since a quantity as large as this has been shipped from New Zealand. Local stocks - of grade oats are about exhausted and tho new season's crop will meet a bare market as far as Southland is concerned. DAIRY PRODUCE PRICES Joseph Nathan and Company, Limited, has received tho following cablegram, dated November 24, from Trengrouse and Nathan, Limited, London:—Butter, finest, 73s to 745; first, 71s. Cheese: White, 495; coloured, 48s. Both markets show a weak tendency. / SPECIAL TE PUKE FAIR [by telegraph—own correspondent! TE PUKE, Monday The Farmers' Auctioneering Company, Limited, held a special cattle fair at Te Puke on Friday. Just under 1000 head of well-bred station cattle were yarded. Biddins was spirited throughout and every line sola under the hammer at very satisfactory prices. Four-year-old bullocks, £5 10s to £6 15s; three-year bullocks, £4 15s to £6; twoyear steers, from £4 to £5 6s; smaller twoyear steers, £2 10s to £3 15s. An extra good line of young Polled Angus cows realised £3 19sj older Polled. Angus cows, £2 16s; two-year Hereford heifers made from £3 4s to £3 18s; two-year Polled Angus heifers, £3 13s to £4 12s. Local cattle: Fat bullocks, £7 12s; three-year store eteers, £3 5s tp £3 17s; Jersey-cross cows, from 20a to £3 sa.