More Pigs Handled

Poverty Bay Herald, Volume LXI, Issue 18378, 21 April 1934, Page 13

More Pigs Handled

“WITH six weeks of the New Zealand Co-operative Pig-marketing Association’s financial year still to go, the association’s turnover in pigs so far has exceeded the whole of that for last season,” said Mr. W. A. Phillips, chairman of directors. Mr. Phillips said he expected the total number of pigs to be received for the current season would be about 100,000. He added that the association ’s marketing outlets had enabled it to increase the advance payments to suppliers to the end of February on the 62,000 pigs handled at that date, by more than £IO,OOO in excess of the total paid out last year on the 80,000 pigs handled. Referring to the gradual drop in the export market for pork in the last two months, Mr. Phillips said that the slight recovery reflected in last week’s sales in Smithfield was both unusual for this time of the year and was almost unexpected. He felt it was principally due to the expiry of the special arrangement made by Great Britain with America for the exchange of pork for an increased quota of the latter country’s requirements of liquor. The present dock strike in Denmark had doubtless also had some effect on the position. However, as there was reason to believe that the liquor and pork arrangement might be renewed, and the Danish dock strike was likely to be short-lived, it would appear that the prosent marked recovery would prove to be of a temporary nature only.