MEAT AND WOOL TRADE

Waikato Times, Volume 124, Issue 20832, 16 June 1939, Page 10

MEAT AND WOOL TRADE

REVIEW OF PAST SEASONTREND OF MARKET VALUES (Special to Times.) WELLINGTON, Friday. Discussing the wool and meat industries in his address to the annual i meeting of the Bank of New Zealand ; to-day, the chairman, Mr A. T. Don- | nelly, said: — The total number of bales of wool j sold in the Dominion during the 1938- j 1939 season was 70C.77G. The total J value was £9,220,741. an increase of £426,868 compared with last season, j Although the average price returns i this season were lower than those for j the previous season, an additional ex- ; port of 92,167 hales accounts for the j increase in this season's income. This j increase is no doubt due to the realisa- i of wool carried over from the previous | season, together with an increased i weight of wool shorn per sheep. The returns for the past three seasons are as follows: No. or

The killings for export of beef, mutton and lamb for 12 months ended March, 1939, with the figures for the previous year, are as follows:

rally good until February, 1939. The ensuing dry period lowered the quality of the stock in a number of districts compared with that of the early part of llie season. Compared with last j season, the average prices paid by | freezing companies have been lowered j !»' “ penny per lb. At the end of last year the meat j markets in London remained fairly steady, and by December, Nc\v Zealand supplies of lamb were practically exha iisled; hut the first arrivals of new seas.m's lamb met with only a fair dci i ind and, as supplies increased, j.rices f«*11 away until at the end ol‘ March quotations were at a low range. I The market for mutton and beef lias followed the same course as that for lamb. During the present year the British Government lias applied a quota to meat, which in its original form would reduce our exports to England by 3 per cent on both lamb and mutton, the cut to be based on the weight exported in 1938. The New Zealand Meat Producers* Board arranged, however, to avoid restrictions on lamb exports by applying the total cut to mutton. The reduction in the export of mutton, therefore, represents a cut of 3 per cent on the combined weight of lamb and mutton exported last year; that is, mutton exports will he cut not only bv 3 per cent of their own total weight, but also by a percentage equivalent to 3 per ceul ou the total weight of Limb,

bales Total value per bale per lb. sold £(N.Z.) £ (N.Z.) S. d. d 1 936- 1 937 Season— 003,798 14.903,257 22 9 0 15.82 1937- Season— 014,009 8,793,873 14 G 2 10.043 1938- Sesason— 700,770 9,220,741 13 0 11 9.1S9

1938/1939 1937/1938 Quarters or beer (chilled j .... 249,559 212,144 Quarters of beer . 1 rozen > 189,663 217,427 Carcases of n IJtton 2,720.07 1 2.1 57.945 Carcases of lamb . 9,584,745 9,645,000 Conditions in the country \ vere gene-