CHEESE PRICES.

Press, Volume LXVI, Issue 20039, 22 September 1930, Page 12

CHEESE PRICES.

PREDICTION OF 6|d PER LB.

"I am not a little bit optimistic about the coming season," said Mr Eades, the chairman of the Edendale (Southland) Dairy Co. at the annual meeting last week. "The outlook is bad." At the present market value it seemed that the coming season's cheese would not be above 6#d. per lb, which would bo equivalent to about Is 2d per lb butterfat. Not a buyer iu New Zealand wad prepared to make any offer for the new season's cheese, and it seemed that it would be impossible to dispose of th« cheese locally. The board of directors to a man was in favour of forward selling in preference to consigning, but it appeared that it would be necessary to consign this year. The market appeared to have fallen as low as it possibly could, and it seemed that nothing could bo cost through consigning, while it was possible that the market might improve as thi season advanced. The company has almost invariably done well by forward selling, and the chairman thought it probably was more successful last year than any other in New Zealand. The directors were successful in effecting a sale of practically the whole of the season's output at the satisfactory price of BJd per lb. He believed that only one other factory in New Zealand had been able to effect such a good sale. The output for the year had been 658* tons, of which CO3 had been sold. The balance of 55 tons had been consigned: through the same firm, aud the first return showed that the satisfactory price of 77s per ewt had bceD secured, which at the present market value must be considered a good price.

OUR OWN GOODS.

MISS MELVILLE'S ADDKESS. The part women can play iu assisting in thti campaign to popularise Now Zealantl-niado goods was stressed by Miss ifi. Melville, ot Auckland, wuo was tho principal guest and speaker at a luncheon -arranged by the v>etlingtoa couiinitteu, which is organising the "Made in New Zealand Week." Miss Molvillo pointed out that women, to a large extent, wore tlio purchasers, and she argued that that lact made it essential lor the manufacturers and retailers to enlist their :,ympuihy. fho manufacturers wanted to get the view of the general public, because- if tho genera) public were not pleased the manufacturers might as well go out of business. • She said that everywhere now she found that tho people were aetuidhy and definitely aroused in regard to New Zealandmarie goods, and that now was the psychological moment for a forward constructive move, and the manufacturers would be the people at the back to supply the motive power. It was a matter in which tho wholy of the community was vitally interested. The intelligent women of New Zealand were thinking harder than she had ever known them to think before, and now was an excellent opportunity to., get (heir goodwill. There was, sho _ went on, a certain amount of criticism, some of which was constructive and some destructive. For instance, it was said that 6omo New Zealand goods uero dearer than the imported article; that was a matter for the manufacturers to deal with.. Then it was said by some that New Zealand goods were "no good." Personally, with shoes, for instance, sho had no criticism to make. She pointed out that New land goods were not marked—some wore—and in regard to women's bats, for example, it had been stated to her that if tickets describing the goods as made in New Zealand were put on the articles, their would not sell. She believed tliat most of the Parisienne models sold in New Zealand were made in New Zealand, but one never saw a ticket on them. She could not understand why tbe manufacturers did not legislate among themselves instead ©i whispering, "they are made in ->ew Zealand, but we must say they are made in France." She deprecated the existence of an inferiority complex, and urged a pride iu New Zealandmade goods, and said that result woold be obtained if au appeal were made to women's sense of patriotism; an appeal to be made through women s social a-nd other organisations. Another criticism was that the retailers blamed the manufacturers, and the manufacturers blamed the retailers. But why should the general public suffer because the retailers and the manufacturers had not got togetherP Ino goodwill of the public had to be obtained by means of the personal contact. In industrial life, material was already at hand in the cities. It was no use blaming the Government in regard to unemployment; that was only a confession of futility. "We have to do something." sho said. If immigration had been doubled New Zealand s oDportunity would have been doubled. The solution of our present difficulties, she said, in conclusion, was largely in the- hands of the manufacturers.

FARMERS' AUCTIONEERING

COMPANY.

A GOOD YEAR. The Farmers' Co-operative Auctioneering Company, Hamilton, reports for the year, ended July 3lsfc, a net profit of £46,260. which, with the £3853 brought forward from last year, totals £50,114. From this preference dividends have been paid* £15,192, leaving for distribution £34,922. The directors propose payment of a dividend of 7 per cent, on ordinary shares and the income tax for the year, and to carry the balanea fonvard.

The capital of the company comprises £134,916 in "A" preference shares. £43,035 in "13" preference, and £l4O 281 in ordinary. The company has had a series of profitable years, l" marked contrast to raoet others of its kind operating in the Dominion. I» 1927, the net profit was £46,24b; m 19*8 £29,546. in 1929. £46,535 (subject to taxation, and in 1930, £46.260 Preference dividend was 6 per cent, in 1927 and 192.4 and 7 per cent, in 19'>9 Ordinary dividend was 8 per cent.' in 1927 and 1928. and 10 per edit, in 1929. This year the ordinary dividend is 7 per cent The reserves at last balance were £03.929, (subject to taxation). As the company experienced a loss in its 1925 operations or £72.687, the present position represents a notable recovery.

AUSTRALIAN AND NEW ZEALAND BANKING CORPORATION, LTD.

Messrs Foote and Nicol, sharebrocere Gloucester street, Chnstchurcb, announce that copies of the prospectus of the Australian and New Zealand Banking Corporation, Ltd., may M obtained from tbew I? filling »* the coupon printed on tins page. —I

SHEEP FOR THE ARGENTINE.

- Messrs Daleety and Co.. Ltd.. Wellington, report liaviag shipped to Buenos Ayres by the Maniilius. on the 17th Instant. lo valuable stud Lincoln rarn hojjeta from the flocks of Meusrs A. E. Anderson and L. K. Wilton, of Moßtcrton. The hogget* were exceptionally well and carried «veu fleece* ol true type Lincoln wool.'These rams should prove a (rood advertisement fer 2taw Zealand etud sheas.