STANDARDISED CHEESE.

Press, Volume LXVI, Issue 20086, 15 November 1930, Page 12

STANDARDISED CHEESE.

EXPORT TO LONDON MARKET. FRIESIAN BREEDERS' PROTEST. Holding that it was prejudicing the sale of full-cream cheese on the London market, the Canterbury branch of the New Zealand Friesian Association decided yesterday to ask the Government to prohibit the export of standardised cheese. It was pointed "out that no South Island dairy factory made or exported this product, but that the returns from their full-cream cheese were being adversely affected by its export. The following motion was carried: That in view of the unsatisfactory results of standardised cheese, this meeting of Friesian breeders requests the Government to prohibit the export of anything but full-cream cheese. Minister's Assurance. The secretary of the New Zealand Association (Mr J. P. Kalaugher) said it was evident that standardised cheese had been a failure on the London market. He had been sorry to see that the Minister for Agriculture (the Hon. A. J. Murdoch) had, the other day, promised a deputation that there would be no interference with the regulations allowing this product to be exported. It was the emphatic opinion of Mr W. A. lorns, chairman of the Dairy Control Board, that standardised cheese was not wanted by anyone in Britain. They must send Home the cheese that was wanted. None From South Island. He was very pleased to be able to say that no South Island factory manufactured standardised cheese, but fullcream cheese was being advorsely affected. There was a levelling of prices going on at Home and the best quality was apt to be brought down to the price of the under-grade product. New Zealand was the largest exporter of cheese to Britain, and he held that this staple industry was in danger because of under-grade choeso. He believed, however, that this product was bound to fail. Then victory for the whole milk breeds, Friesians, Ayrahires, and Shorthorns, would come. He,, believed this was in sight. The chairman (Mr J. 1. Royds): We cannot stop the manufacture of standardised cheese. If it is made and used in New Zealand there will be no harm done, but the danger lies in its effect on the London market with a ehy buyer. ADVERTISING IN AID OF TRADE. LORD MAYOR AND SEARCH FOR NEW MARKETS. Sir William Waterloo, the Lord Mayor of London-, emphasised the importance of advertising in the furtherance of trade when ho Opened recently the third annual exhibition of advertisements organised bv the Fleet street Advertising Club. The power wielded by uowspapers through whose columns it was possible to address - millions daily wn», he declared, enormous. He added: ''Vast problems lie before' us as a nation. We have to find markets for our manufactures gnd employment for our people There is .no room for pessimism. ■ "It is our hope that you who are actively engaged in this great business of advertising will bring all your resolution to bear on the important tasii of quickening the imagination and enterprise of our business men; pointing the way to new markets, and i developing the nation's industries."

COPPER OUTPUT RESTRICTED. PRODUCERS' AGREEMENT. RISE IN PRICE FOLLOWS. (CKITI»I> pbzss TJELEdaAPB —COPtaIOHT.) (Received November 14th, 7.55 p.m.) NEW YORK, November 13. Tho New York Copper Institute has announced that producers representing 00 per cent, of the world's output have agreed to reduce production by 2000 tons monthly, representing 15 per cent. 01 the World's production of copper, and about equal to the excess of the current. production over consumption. Prices to-day rose by ten cents hero urd arc expected shortly to go up by u total of 12 cents, where they will remain'--for a considerable time. All copper shares on the Newark market advanced one to three points to-day.

FEILDING STOCK SALE. (faiss tssoctATioH tELseauu.) FffiILDING, November 14. -• liiere was a drop,, in the prices of fat sheep at the stock sale to-day. Ewes were down 4s and hoggets 3s per head. There were heavy yardings. Prlmest fat ewes, ' shorn, ranged from 15s 4d to 15s 6d, good 186 to 14s lOd, and fair lis 3d to 12s. Woolly fat ewes sold at scarcely, batter prjeesi' the shorn showing better quality Best Woollies made up to 17s 3d and good 164 Id to 15s 4d. 'Fat hoggets, prirnest, made 10s 9d to 19S (3d, .gobd. 17s Bd to 18S, fair 14s 0d to 16s 6d, fat blacb faces, good to 17s 3d, «two-to6ths primest 20s 3d to £l» 6d, good IBs to 19s Bd, fair 13s lOd to 13k. Store Sheep—Two-tooth ewes 17s 3d to 18s 3d, tWo-t66tn wethers 13s 7d, ewes with ' lambs 16s 6d to 18s 6d, 6WS hoggets 15s 6d t0,.17S Id, fat and fdrward ewes 6s 9d to 0s Id. There were few liaea of fat cattle. Bui. lock beef made tip to 34s per loolb, and eow BUd'heifer beef to BBs per 1001b. • -Store CatHe-Wfersoy cows £2 Jos to £4 Joj-sey yearling heifers £4 10s ts £6 Ss' yearling P.A. steers £5. ' ' There was only a small yarding 0 f dalrv stock. , Springing eow-s made up to £ls §»•. prices for sprlnelßg cows Wero £5 to £9. Hfelrfers of inferior quality raftffed fl-om £6 td £O. ® NORTH BROKEN HILL. .FUTURE DIVIDEND PROSPECTS. "With the metal market in He present depressed tonditiOn and the grave difficulties oXpfcrlericed in the disposal of Our products it 1* difficult to forecast to what extent our Hash resources may be further drawn upon or when they will be replenished,'' said the chairman of directors of North Broken Sill, tjtdi, Mr W. h. Balllieu, at the company's annual meeting la Melbourne, the averaee pride Of. lead, Silver, ana tisje had been ernlng coasistently throughout the rear -Thfc prices for metals were lpwer than in iols ''We unfortuiaatelj' faced n'itfi grave mar." ketlhf difileuities, eoatlnued Mr Bailileu •'and I am Sorrf td say that the sale of lead doea not keep pace With production, even at the low prices ruling. All economies wherever pr-ssib'e are feping mad*; I hesitate to offer any opinion about the future of metal prices, We cannot hope to feel real improvement until general trade re

YESTERDAY'S SALES. \ AUCKLAND. Sales on 'Change—- ' & a. d. N.Z. Insurance .. U 8 0 Farmers' Co-op. Auctioneering .. . 3 0 0 N.Z. Breweries .. -.26 0 Electrolytic Zinc (pref.) 0 18 2 Mount 1/yell ~ .. 10 1 Inscribed Stock, 1986, per cent. .. .. 99 7 6 WELLINGTON. Sales Reported—- £ s. d. Australian Bank of Commerce .. •.. o 19 8 Union Bank of Australia .. 9 15 0 Wilson's Cement Co. (cum div.) .. .. 2 0 0 N.Z. Breweries (3) 2 5 9 Colonial Sugar Co. . . 34 17 0 DLNEDIN. Sale oa 'Change—bkarito ~ .. 0 5 6 E., S., AND A. BANK. PROFIT LOWER, DIVIDEND UNCHANGED. Accounts b£ the English, Scottish, and AusItalian Bank, Ltd., for the year ended June 30th, oar London correspondent cables, disclose » net profit of .£342,788, which is a deCrease of £58,827. Final dividend ie 7i per Cent., making with the interim dividend of 5 per cent., IS| percent. for the year, free of British income tax. The rote 16 the same lis for previous years, and requires £879,000. To reserve £BO 000 is transferred, bringing the total to £3,160,000. It fa proposed to place £IO.OOO to thi staff provident fund, and £50.000 to reduction in bank premise* account These three appropriations are on the same basis ais for 1028-29. An allocation of £70,000 to contingency account is £20,000 mere than that of the previous year. The balance to be carried forward is £308,477, compared with £347,741 brought Into the accounts. . 1929. 1930. £ £ Gross profits . . 1,619,924 Management and taxation 1,018,661 Net profit . . 001,268 542,78-6 To reserve . . 80,000 *BO,OOO To provident fund . . 10,060 10,000 ■ t>iv. T 12J per eont. 875,000 375,000 I To contingency account' 50,00 70,000 To bank premises .. 50,000 50,000 Forward -. 847,741 30fe,477 FROZEN MEAT. SHIPMENTS TO UNITED KINGDOM The New Zealand Meat troducerg' Board i H adtised by cablegram from its London mt&ce that the shipments from Australia and Anuth America to the United Kingdom during the month of October were as follows AUSTRALIA. Carcases mutton . . 08,390 Carcases lamb . . Quarters beef • • 94,404 SOtJTH AMERICA. Carcases mutton . . 63,147 Carcases lamb 371,878 Quarters beef (frozen) . . 11,377 Quarters beef (chilled) 601,572 shipments from New, Zealand to the •tjrtited Kingdom for the same period were as follows!Carcases mutton • • 318,334 Carcases lamb -. 200.634 Ou&rters beef - • 12,847 *rhe shipments from South America to the fWinent of Europe during the same period Were af follows:—Mutton 379 tons, frosen beef 5688 tone. ;