COMMERCIAL.

Taranaki Daily News, 17 September 1924, Page 8

COMMERCIAL.

THE MEAT MARKET. CONDITIONS IN SOUTH AMERICA. By Telegraph.—Press Association. Wellington, Sept. 16The New Zealand Meat Producers Board has received the following letter fro© its South American representative dated June 30:—“All classes of fat cattle are dearer, With good prospects of beef being consideraibly higher brfore fat cattle are availaJble off the spring grass. There is now less discrimination regarding weight and heavy beasts ahd plainer quality beef will be shipped as chilled, though a sufficiency of plainer quality beef sultaible for Continental requirements will be available. ■Shippers of live oattie for the Continental trade have been paying 34 cents per kilo live weight for generally heavy cattile they ship, though 28 cents was paid for a choice lot of Aberdeen Antgus steers destined for the Swiss market. The different freezing companies In Brazil are at present slaughtering about 2500 head of cattle per day amongst four plants operating. The greater proportion of this (beef is being lent to the Continental market. The use of British breeds as Improving agents has been disappointing In the warmer zones above Rio Grande do Sul. They have not given the results anticipated owing to ticks and insect pests that do not cause the least inconvenience to the hardy Zebu, which Is the only breed of cattle that will give results.

“In extensive good grazing, well- watered, •but warm parts of Brazil, the policy was commenced of a careful selection of the best hacked, cows, to which were mated bulls 4vit'h the best Dateks available and a wonderful improvement has been brought about in breeding better backs on the Zebu so as to give more acceptable carcases for butchers’ requirements. I have had extensive experience in Brazil and my opinion regarding the suitability of the Zebu for the conditions in BrazM Is that thef will live and thrive Where other breeds die. In Argentina store and breedirig cattle are slow of safle at present. Owing to the scarcity of pasture there are less sheep available and best quality hoggets are in good demand. Last year’s kill on the south coast Was 1,450,235 sheep and lambs, while this year 1,308,620 were killed, or 141,615. less than last season. The results are in accordance with my estimation expressed in previous letters. The weather hag been favourable for lambing in this part of the country and a good lamb crop can be anticipated. In conversation to-day with Mr. T. H. Townsend, from Punta Arenas, that gentleman tells me the season has been exceptionally favourabfle in that part of the country and lambing is likely to be good. Swift’s prices to-day are as follows Chillers 5.08 d per kilo live Weight, ContlnentaS 3.63 d to 3.99 d, good canters 2.54 d, thin canners 1.63 d to 2.0 d all per kHo; live Weight sheep, hoggets 8.53 d to 8.71 d per lb. dead, wethers 6.8 d to 6.7 d per lb, eww 4.9 d to 5.44 d per lb; exchange 13.22 dollars to the pound starting.

CANTERBURY MARKETS. Christchurch, Last Night. Potatoes continue to be the chief item of interest. There has been a sudden Arming, not on account of a dearth of potatoes developing, but because of the gambling that has been going on. Present f.o.b. sacks in values are £6 10s to £6 15s for September-October delivery. There is a difference, however, between paper and actual va/lues and the latter to farmers are £4 10s a ton. The offerings are small. The Wingatut is due to sail on September 29 with a small consignment. Cowgrass is meeting with some inquiry from Home for best quality, which is worth up to 9d a lb. to farmers. Chaff is very Arm and Auckland has come on the market, and except for a small dot some weeks ago it Is the Arst time this year. Values to fanners are £7 a ton. There is no change in other classes of produce. AUCKLAND SHAREMARKET. Auckland, Last Night. Stock Exchange Sales.—Auckland Harbour 6 per cent, debentures, £103; Bank of New Zealand, 58s 9d; New Zealand Insurance, 29s 6d; South Rrltleli Insurance, 435; National Mortgage Agency, 75s 6d; New Walotahl (contrite.). 1$ id and Is; Waihi, 28s 3<l. TARANAKI STOCK MARKET. FARMERS’ CO-OP REPORT. At Kakaramea on Monday, September 15. we report a smaM yarding in the store pens. In the dairy pens, with a few exceptions, the yarding lacked quality and was very - low conditioned. Fat cows to £6 17a 6d; others, £5 Is to £5 ss; forward cows, £3 12s, £1 to £5; works cows, 30s to £2 15s; yearling heifers, 32s to £3 ss; dairy heifers, £7 to £9; others, £5 10s to £6 10s; low conditioned and backward, £3 10s to £5; Otore pigs, 28s t« 345. A Hue of ewes with 100 per cent iambs at fodt were passed at 37s 6d. NOME MARKETS. HIGH COMMIBBIONIERIS CABLE. The Department of Agriculture has received the following cablegram, dated September 13. from the High Commissioner for New Zealand. London BUTTER. Market quiet but steady. Official quotations I New Zealand.—Salted Anest, September 13, ' 206 s to 208 s per cwt (is lOd to Is 10 l-4d | per lb) ; exceptional, 1210 s per cwt (His 10\.d per lb) ; September 0. 206 s to 210 s per cwt (Is lOd to Is 10Vid per fllb) ; Au'gust 30. 204 s to 208 s per awt (Is 9%d to Is 10 l-4d per Lb) ; other qualities. September 13, 190 s | to 200 s per cwt (Is 9d to Is per lb) ; unsalted. September 6,220 s per cwt (1« HUd per lb); August 30, 220 s per cM (Is ll%d per lb). CHEESE. Market very quiet. Official quotations are:— New Zealand.—September 13, coloured, 92s per cwt (9Vid per lb) rwhite, 94s per cwt (lOd per I'b) ; September 6, coloured, 92s to 93s per cwt (9%d to lOd per lb) ; white. 94s to 95s per cwt (lOd to 10 l-4d per lb.) : August 30, coloured 91s to 92s per cwt (9%d per lb); white, 94a to 96s per cwt (10d to 10 l-4d per lb).