WORLD MEAT TRADE

New Zealand Herald, Volume LXXII, Issue 22145, 26 June 1935, Page 7

WORLD MEAT TRADE

OUTPUT AND CONSUMPTION RECOVERY IN BEEF EATING LARGER SHEEP POPULATION A report on the world moat trade, issued by the imperial Economic Committee, London, states that it is evident there has been a downward trend in beef consumption and a change over to mutton and pork in recent years. Between 1925 and 15)32, beef and veal consumption in the United States of Aino-ica tel. from 711b. to 541b. a head, while pork rose from 681b. to 721b., and mutton and lamb from 51b. to 71b. in Great Britain, between 1925 and 19M2, beef and veal consumption is estimated to have declined from /OJlb. to 62Jlb. a head, and pig meat and mutton to have risen respectively from 431b. to 511b. and from 261b. to 321b. However, it appears that, in some countries at least, these tendencies were reversed in 1933, the report states. In Great Britain, beef and veal consumption in 1933 increased to 54ilb. a her.d, pig meat decreased to 45J1b., and mutton and lamb remained about the same at 32Jlb. There is little doubt that beef again increased in 1934, while pig meat declined further. .Beef prices in the United Kingdom withstood the depression rather longer and better than many other products, according to the report. However, a fall occurred in 1931, and continued in the two following years; even in 193-1 average prices were slightly lower tnan in 1933. Prices of mutton and lamb fell to a much greater extent than did beef between >1930 and 1932, but recovered appreciably in the two subsequent years. There was a very substantial decline in bacon prices between 1930 and 1932. The restriction of imports arranged at the end of the latter year, however, was followed by a marked price recovery, and by 1934 prices, particularly for imported bacon, were almost back to the 1930 level. deferring to world production of meat, the report states that cattle numbers in the world as a whole appear to have declined during the past decade, while sheep and pig populations have increased. Beef production in the principal producing countries decreased between 1925 and 1931, but has since shown some recovery. Production of mutton and lamb has expanded throughout this period. Pig meat production has also increased, particularly in Europe, but by 1933 the output was beginning to decline and a further fall probably occurred in 1934. PRICES OF METALS A FIRMER TENDENCY (Received June 25, 7.35 p.m.) LONDON, June 24 Following are to-day's quotations on the London metal market, compared with those of June 21:—■

FOREIGN EXCHANGES FRANC AND DOLLAR STEADY British Wireless RUGBY, June 24 The following rates on foreign exchanges are current, compared with the cabled quotations on June 22 and

•Sellers. NEW ZEALAND QUOTATIONS The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis, subject to alteration without notice: — United States Canada Selling: (peri'lX.Z.) (per £1 X.Z.) T.T 3.91?% 3.%*-i, On demand • . . 3.97 3.97'/j Buying: On demand . . 4.01% 4a!l!b Following are the latest rates for purchases and sales of foreign exchange quoted by the Bank of New South Wales, Auckland. They are subject to

The cost in New Zealand currency of the pound sterling, and of the principal overseas units, on the latest quotations, is as follows:

. ■ CUSTOMS EXCHANGE RATES Rates of exchange ruling at the announced dates of departure of vessels named are shown in the following table. 'J 1 hey are subject to confirmation by the Customs Department when tho exact time of departure is learned on arrival of the vessels in New Zealand. Finally declared rates are marked*:— City of Salisbury, Canada, dollars *4.59 City of Salisbury, America, dollars *4.95 Wniruna, America, dollars .. .. 4.95 Golden Boar, America, dollars . . 4.9'2V» Sydney Maru, Japan, yen .. .. 14% d Canadian Victor, Canada, dollars 4.95% Aoranci, Canada, dollar a . . .. 4.33%

June 24 June 21 Per Ton Per Ton Copper, stan., spot . . i.' 9 d A' s d 30 11 10} 29 15 0 Copper, stan., 3 mos. 30 18 9 30 1 101 Copper, electrolytic . . 33 15 to 0 32 15 0 to 34 5 0 33 10 0 Copper, eke., wire bars 34 5 0 33 10 0 Lead, soft, spot 13 18 9 13 15 a Lead, soft, forward . . 14 0 0 13 15 0 Spelter, spot . . Spelter, forward Tin, strin., spot Tin, stan., 3 mos. .. 13 17 14 0 229 1G 219 6 G 0 3 3 13 8 9 13 11 3 229 18 9 218 11 3

par:— June 24 June 22 Par .Montreal, dol. . . 4.94% 4.94 4.866 New York, dol. . 4.91 4.94 4.866 Paris, fr. Brussels, belga . 74% 74% 124.21 29.27 29.16 35.00 Geneva, fr. 15.09 15.09 25.22 Amsterdam, fl. . Alilan, lire 7.25 7.25% 12.10 59 l % 8 59 3 1 92,46 Berlin, r.m. Stockholm, kr. . 12.25 12.25 20.43 19.39% 19.39% 18.159 Copenhagen, kr. . 22.39% 22.39% 18.159 Oslo, kr. 19.90% 19.90% 18.159 Vienna, sch. . . 20% 26% 34.585 Prague, kr. 118% 117% 164.25 Helsingfors, mark 226% 226% 129.23 Madrid, pes. 3(3 36 25.221 Lisbon, escu. .. 110% 110% 110 Athens, dr. 514* 514* 375.00 Bucharest, lei. . 492% 485 813.6 RiodeJaneiro.mil. 4%d* 4%d* 5.3911 Buenos Aires, dol. Montevideo, dol. 35d* 35d* 47.619d 39 3 /.d* 39 3 /id* 51 d Bombay, rupee . 18%d 18Vjd 18d Shanghai, dol. . . 19* ad 19 5/ »d _ Hongkong, dol. . 27 3 4 d 27%„d Yokohama, yen . 14'ad 14%d 24.58d Batavia, fl. 7.22% 7.22% 12.10 Belgrade, din. . . 21G 2L6 276.31

alteration without notice — T.T. On demand To £1 N.Z. Currency Selling Buying Selling U.S.A., dol. 3.96% 4.01% 3.97 Canada, dol. 3.06% 4.01\ 3.97% Frunee, fr. 59.28 60.88 59.33 Noumea, fr. 58.53 61.93 58.58 Papeete, fr. Belgium, belga . . 58.53 G1.93 53.58 23.207 — 23.222 Germany, r.ni. 9.631 — 9.639 Italy, lire . . 47.34 — 47.38 Switzerland, fr. 11.911 12.416 11.951 Holland, fl. 5.714 6.014 5.718 Java. fl. 5.090 5.965 5.694 Sweden, kr. 15.459 15.829 15.469 Norway, kr. 15.870 16.240 15.880 Denmark, kr. 17.878 18.248 17.8SS Austria, srh. 20.57 — 20.59 Czecho-Slovnkia, cr. 94.21 — 94.26 N.Z. pence to i ■Tapan, yen 17 13/ tA — — Shanghai, dol. 24" 23%, 24"/„ India, rupee . . 22 3 %, 22%, 22"',, Ceylon, rupee 22»/ m 22%, 22 5 %, Hongkong, dol. .. 31% 33 l %, 34"/,„ Singapore, dol. . . 35%, 34V, 35%,

Present Price Par H d s d Australia, pound . . 19 10.81 20 0.00 London, pound . . 21 10.(55 20 0.00 Fiji, pound 00 5.0ft 20 0.00 New York, dollar . . 5 0.43 4 1.31 Montreal, dollar . . 5 0.38 4 1.31 Paris, franc 0 4.00 0 1.93 Berlin, reichmnrk Copenhagen, krone . . 2 0.3fi 0 11.74 . . 1 1.33 1 1.22 Yokohama, yen .. 1 5.57 2 0.58