MEAT KILLINGS

Otago Daily Times, Issue 24326, 17 June 1940, Page 2

MEAT KILLINGS

FURTHER SUBSTANTIAL RISE LARGE INCREASE IN BEEF As the meat expoi't season nears its close, it is becoming evident that the killings will be very substantially in excess of those of the previous season. The New Zealand Meat Producers Board, in advising details of the killings tor export at all works during the current season to June 1, states that the total weight of meat of all classes handled for export, was 11,726,844 freight carcaSses, representing an increase over the previous season's killings to May 31, 1939 (the nearest comparable date) of 1,649,922 freight carcasses. The improved production represents an increase of 16 per cent. Lambs killed this season total 10,001,149 (North Island 5,180,064, South Island 4,821,085) an increase of 746,048. to Which the North Island contributed 634,526 and the South Island 111,522. A very substantial Increase is also shown •in the mutton group, the wether killings this season having been 4,274.287 carcasses, and eWes 1,841,895. Compared with the corresponding period of the previous season, wether killings have decreased by 141,000, but the killings of ewes for export have increased by 715,000, making h net Improvement this season of 574.000 carcasses. This seasons killings of beef in quarters total 510,493 (North Island 503,358, South Island 7135) as compared with 331,598 quarters for last season, representing the large increase of 54 per cent., or 179,000 quarters. The special conditions of the original agreement with the United Kingdom Ministry of Food required farmers to carry a greater proportion of their pigs to the heavy baconer stage, with the result that, although in numbers, the killings of porkers and baconers have dropped by 115.000 (534,000 last season, and 419,000 this season), the current season’s production in actual weight is now equal to that of last year. North Island killings of porker carcasses total 94,296 and of baconers 309.355, whilst the South Island figures are: porkers 3773, baconers 11,634. Killings of other classes of meat this season to June 1 in 801 b freight Carcasses, with the comparative figures of last season in parentheses are as follows: Boneless Beef.—North Island, 617,844; South Island. 39,564; total, 657,408 (925,077). Boneless Bobby Veal.—North Island, 52,878; South Island. 14,455; total, 67,333 (68,203). Sundries.—North Island, 290,230; South Island, 105,559; totals 395,789 (337,974). The statistics relating to stocks of meat in store as at June 1, show that shipping facilities have not only been able to cope With the heavy carry over which had to be lifted at the commencement of the war last September, but that the current season’s killings have been receiving excellent despatch. BUTTER AND CHEESE PURCHASES BY BRITAIN AUSTRALIAN EXPECTATION A recent Canberra report states that during 1940-41 the United Kingdom will probably purchase under contract I’-om Australia 75,500 tons of butter and 13,(00 tons of cheese, valued at £15,000,000, as provided under the terms of the dairy produce agreement, which will expire on June 30. Australian interests had anticipated that, because the Lowland European countries could no longer supply British requirements, Australian exports might be increased, but it was learned from official quarters that the United Kingdom will probably not go beyond the conditions Of the expiring agreement when it comes up for renewal. It will be renewed before th? end of June. New Zealand’s agreement with the United Kingdom concerning the disposal of the Dominion’s dairy produce will also expire shortly. The terms of this agreement provided .for the sale to Great Britain during the year ending July 31, 1940, of a total of 115,000 tons of butter and 84,000 tons of cheese. Last month the Minister of Marketing, Mr Nash, announced that he hoped an arrangement could be made shortly for both the meat and the dairy produce agreements to continue for the duration of the War. MONETARY AGREEMENT ALLIES AND THE NETHERLANDS 'British Official Wireless) (United Press Association) (By Electric Telegraph—Copyright) RUGBY, June 15. (Received June 16, at 6.30 p.m.) A tripartite monetary agreement has been signed between Britain, France and the Netherlands. Under the agreement the official exchange rate between the Netherlands East Indies guilder and the pound sterling is being fixed at 7.80 guilders to the pound. Arrangements have also been made for the same basis in relation to currency in the West Indies. FRIDAY'S CLOSING PRICES (United Press Association) (By Electric Telegrnph—Copvrlght) LONDON, June 15. (Received June 16, at 7 p.m.) Yesterday’s Closing prices were:—Cotton: Spot. )7.25d per lb; July shipment, 7,09 d. , , Rubber; Para, 15Jd per lb; plantation smoked, 12id. Linseed Oil—£46 a ton. Turpentine—£2 13s per cwt. SHARE MARKET INDICES NEW YORK Dow Jones’s averages (1926 equals 10D) and turnover on the New York Stock Exchange are as follows; — 20 Rail- • 30 Shares roads. Industrials sold.

MINIMUM PRICES AUSTRALIAN SECURITIES (United Press Association) (By Electric Telegraph—Copyright) SYDNEY. June 16. (Received June 16, at 9 p.m.) After consultation with the Federal Treasurer, the Australian Stock Exchanges fixed the minimum prices for Government securities on the basis of Friday’s closing prices.

May 31 .. 23.15 166.22 830.000 June 1 • • .. 23.05 115.67 270,000 June 3 ., 23.15 114.73 450,000 June 5 .. .. 22.94 113.25 670.000 June 16 .. .. 24.97 123.35 560,000 Highest in 1939.—Railroads, 35,90 (8eptember 27); industrials. 1SJ.22 (September 12). Lowest in 1939: Railroads, 24.15 (April 18); industrials 121.4 (April 8). LONDON Stock indices compiled by the Financial Times, London, are as follows (October 15. 1926. equals 100):— Govt, Home Indus- Gold securities rails, trials, mines. June 6 .. .. 108.7 37.6 75.9 159.7 June 7 .. .. 108.8 39.8 77.2 ■ 162.3 June 10 .. .. 108.8 38.2 77.6 162.3 June 12 .. .. 108.9 39.2 77.2 181.8 June 13 .. .. 108.8 38.8 67.8 160.3 June 14 .. .. 108.1 37.7 75,7 158.5