MEAT EXPORT SEASON

New Zealand Herald, Volume LXXVII, Issue 23840, 16 December 1940, Page 3

MEAT EXPORT SEASON

DECLINE IN KILLINGS MARKED RISE IN PORK FIGURES Meat killings for export at New Zealand freezing works this season from October 1 to November 30 totalled 449,585 freight carcases, according to returns issued by the New Zealand Meat Producers' Board. This is a decline of 34,734 freight carcases on killings during the first months of the 1939-40 season. The principal decline was in lamb and mutton. Lamb killings were confined almost wholly to the North Island with a total of 'J.56,835 carcases, compared with 361,880 carcases for the same period last season. Wether mutton killings so far this season have been 1050 carcases, compared with 29,028 in the corresponding period of last year. Ewe mutton killings totalled 8240 carcases compared with 8407. There was a substantial advance in pork. Details are as follows, in carcases, figures for last season being givon in parentheses:—'North Island: Porkers, 2872 (4012); baconers, 65,748 (41,917); choppers, 2662 (881). South Island: Porkers, 227 (260); baconers, 1699 (477); choppers, 38 (15). Frozen beef production for the two months reached 14,257 quarters, compared with 3214 last season. Killings of other classes of meat, expressed in 601b. freight carcases, from October 1 to November 30, with figures for the previous season in parentheses, are as follows:—Boneless beef, 33,454 (50,803); boneless bobby veal, 73,606 (56,803); sundries, 24.8*90 (24,780). DEMAND FOR WOOL LOW PRICES OF SHEEPSKINS Reviewing sales of domestic wools _in America, Winchcombe Carson and Company, Limited, Sydney, observe that offerings coincided with the calling of Government tenders for further extensive quantities of woollen goods for fighting forces. Sales at the auction were 03 per cent of the quantity offered. The British and American Governments may conjointly buy the South American wool clips. During the 1939-10 season, particularly toward its close, United States buyers wore very activo in Argentina and Uruguay. "It seems a calamity," states the firm, "that sheepskin pelts and skins with only half an inch of wool are practically valueless to the producer. They aro quoted in Sydney from V,i\ to Wd per lb. and do not pay transport and selling charges. Ihis is caused by the absence, of French demand. In Franco lower treatment costs enabled them to bo profitably handled. Their present situation is 'the fortune of war,' but it is an anomaly that the pelts which can be converted into leather basils should be worthless. They offer an indication of what would probably 'be the position ol short faulty Continental' type wools were it not for the British contract." FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres on Saturday were supplied by the Bank of Now South Wales as follows: — December 14 Buving Selling T.T. T.T. New York, dol. to £.. 8.2541 8.2050 Montreal, dol. to £ .. 3.6030 3.5290 Greece, drachmae to £ Java. fl. to £ . . . . 6.157 6.004 Manila, pesos to £ . . 6.550 6.442 Hongkong, pence to dol. 18% 19 1-32 India, pence to rupee . 22 5-32 22 49-61 Ceylon, pence to rupee . 22 5-32 22 49-64 Shanghai, pence to dol. Singapore, pence to dol. 84 41-64 3.) 41-64 S. \f £X.Z. Cfi.A. 100 123 125 London, £N.Z. .est. 100 124/7/6 125 An =;t £A. £N.Z. 100 100/10/- 100 Fiji, 'fF. £N 7. 100 .. 90 SS/12/6 QUOTATIONS IN LONDON LONDON, Dec. 14 Foreign exchange rates are:—New York (dollar), 4.03; Montreal (dollar). 4.45; Switzerland (fr.). 17.35; India (rupee). Is 6d; Hongkong (dollar). 15d; Kobe (yen), Shanghai (dollar), 3 13-16 d; Argentine (peso), 17.015; Stockholm (kr.), 16.90. SHAREMARKET INDICES London Financial Times (1926 equals lOO 1 ): — Govt. Home Indus- Gold securities rails trials mines December 11 112.0 4 1.7 86.3 178.0 December 12 111.0 41.7 86.2 180 0 December 13 111.0 41.5 86.0 180.0 New York Dow .Jones' (1926 equals 100): 20 Rail- 30 Shares roads Industrials sold .December 12 . 27.72 132.14 780.000 December 13 . 27.55 132.35 060,01 ) December 14 . 27.-5 132.:',! 390.000 Highest and lowest in 1939. —Hails, 35.90—24.15; industrials. 151.22 —121.1. CALL AND DIVIDEND LIST Dividends— Due Henry .Tones —final, Is Gd . . . . To-day Bulo'lo half-yearly, 1.50 dol. (Canadian), less absentee tax, To-day Placer half-yearly, 60 cents (Cana<Uan), less absentee tax of 5 iu\ • ■ • • ■ To-day Broken iTill South— half-yearly, Is Dec. 18 Mt. Lyell final. Is 3d .. .. Dec. 18 Timarn Wool 6 p.c. p.a. .. .. I'ec. McKenzies Stores—int., 5 p.c. .. JJ<c. is Tat tors field —8 p.c. p.a. .. Dec. Reid Rubber—6 p.c. p.a. (issued rap ) ■ ■ • • • • Dec. 15 Addison's Flat—lop.c Dec. 18 E., S. and A. Bank —final, 3'a p.c.. stg (less Br. income tax 6s in £I) . ■ • ■ • • • ■ Dec. Grey River—Od .. • • D fo, Dalgetv -2nd int., 4s stg. (less tax) Dec. 20 bom._ Brew.—int.. pref. and ord„ 0() Goldsbmugh-Mort—int., 2 p.c. .. Dec. 20 Devonport Ferry—int., 2 1/ a p.c. Dec. ~( Loan and Mere. —pf. stk., 5 p.c. p.a.; ord. stk., 3 p.c. p.a. (less tax) 26 Sulphide int., 5 p.c., gQ R. and K. Tingey—pf., half-year, >2 X , p.c. . . . • • • * Doi. ol Morris"llcdstrom —int., ord., 3 p.c. Dec. 31 British Tobacco-final. 2 p.c.; int. (1911). 2 p.c. . . ■ Dec. 31 P. and O. —final pfd.. 2 2 p.c.; def., 3 p.c.. plus bonus 2'. a p.c. (less British income tax) . . • • p ec - Felt <t Textiles- pf.. int., 6 p.c. p.a. .Tan. 1 G J. Coles—pf.. half-year, 4 [i.e. Jan. * "W'wths Props —pfd., ord., half-year, 3 p.c Jan - J,:> Call— _ . Reid Rubber—2s 6d a share Jnn, 18 SILVER AND TIN VALUES LONDON, Dec. 13 Silver is quoted unchanged at 22 7 »d a standard ounce and 24 11-l«d a fine ounce Tin is steady. Spot: Buyers £2o. a ton. seller* £257 ss. Forward: Buyers, £-60, sellers, £261 > ss.