MANUFACTURERS OF CHEESE

Press, Volume LXXIV, Issue 22445, 5 July 1938, Page 13

MANUFACTURERS OF CHEESE

A DIFFICULT YEAR DECLINE IN QUALITY AND QUANTITY Because of adverse climatic conditions during the season the average figures for the grading of cheese produced in Canterbury have shown a fall-ing-off, stated Mr A. C. Ross, supervising grader for the South Island, when speaking at the presentation of the Lyttelton Harbour Board’s cheese export trophy yesterday. The last season, said Mr Ross, had proved a very hard one for cheese manufacturers. During the summer in some districts it was difficult to keep the night’s milk cool —an important factor in the manufacture of cheese. Factory managers, however, had done wonderful work in trying to prevent the quality going back. Starter troubles had caused them much concern.

In the Lyttelton Harbour Board's export cheese competition, Little Akaloa the winning company, averaged in grading 92.647 as against 93.440 last year. The factories filling second and third places this year averaged 92.61 and 92.56 respectively, whereas last year's placed entrants were both in excess of 93. Other factories showed a corresponding decline. Principally on account of climatic conditions, the quantities of cheese and butter forwarded for grading and export in the South Island showed the following marked decreases:—

Cheese. Butter, per cent, per cent. Southland .. 17 75 Otago .. .. 20 62 Canterbury .. 3.31 4.06 A comparison of the amount of butter exported from the middle portion of the South Island in the last two years, showed; — 1936-37. 1937-38. Boxes. Boxes. North Canterbury .. 87.506 57,936 West Coast .. 60,804 61,654 South Canterbury .. 20.123 42.252 The quality of butter in Canterbury had shown a marked improvement The average grade for 1937-38 was 93.913 against 93.843 for the 1936-37 season. Some of the butter factories on the West Coast deserved mention for the very fine quality of the produce sent in for grading from week to week. One factory averaged 95.059 for the year.

“There is still a certain amount of cream coming from some districts, the quality of which could easily be improved on,” said Mr Ross. "We are in hopes that next season, dairy farmers will receive the benefit of a farm dairy instructional scheme which will mean that they will be given the help of farm dairy instructors in improving the quality of their milk and cream supplies that they forward to factories. In some districts this instruction work has already been the means of raising the' quality of the cheese and butter manufactured.”

DOMINION PRODUCE IN SCOTLAND SAMPLES BOUGHT AT EMPIRE EXHIBITION (FROM OUR OWM CORBBBPONDENT.) LONDON, June 23. Thousands of visitors to the Empire Exhibition at Glasgow who have inspected the New Zealand pavilion have taken away with them samples of butter and cheese. From May 3, when the exhibition was opened, until June 4. no fewer than 50,529 sales were made. Of these, 17,625 were for quarter and Ub pats of butter, and 32.904 for 3oz samples of cheese. The sum of £6OO was realised. Altogether, 49071b of butter was distributed, and 61711b of cheese. During the exhibition the New Zealand Dairy Sales Division is also canvassing the retail shops in Glasgow with excellent results. Instead of the demand for New Zealand butter giving way to the seasonal supply of Irisn butter, the sale of the Dominion project has extended well past its normal season. FOREIGN EXCHANGES

DEALINGS COMPLETED

Banks and Insurance Bank of New Zealand were firm at 42s lid, market closing Id either way. A late sale of New Zealand Insurance on Saturday was reported at 55s 6d. Business yesterday was at 55s 6d. and further offers at that price failed to attract sellers. Tooheys Brewery were firmer with sellers and business at 31s, buyers at 30s 6d. Miscellaneous Broken Hill Proprietary were firmer with business at 60s 3d, and farther buyers at 60s fid. Buyers of Australian Glass raised their bids to 91s. Electrolytic Zinc ordinary rose to 43s 2d. 43s 9d. and 445, and more were wanted at the highest price. The preference advanced to 47s and 47s 3d. the market closing at 47s 2d buyers, 47s 4cl sellers. G. J. Coles were firmer on buyers* offers J33s 3d. Hume Pipe (Aust.) were fractionally firmer with buyers and bu-iness at 19s Id. Moturoa Oil were fractionally firmer at os 7d. sellers staying in at that price, buyers at 5s cd. Woohvorths. Ltd., were a shade ctrongcr at 20s 7d. Mining

Grey River were firmer on buyers' offers 12s fid. Maori Gully were firm at 6d. Mossy Creek were a shade easier at Is. Broken Hill South on the morning call changed hands at 33s lid and 34s and on the afternoon call at 34s Id and 345, and closed firm. Mount Lyclls advanced to 29s fid and 29s fid, and more were offered at the higher price, buyers at 29? 7d. Mount Morgans (cum dividend) moved up fo 9s lid, and more were wanted at that price. North Broken Hill were stronger with sellers and dealings at 51s, buyers at 50s lid. Rawang Tin were firmer with business at 83 lOd and further buyers at 8s lid. sellers at 9s 3d. Late sales of Zinc Corporation on Saturday were reported at 90s; buyers yesterday offered 955,. sellers at 104s. LATEST QUOTATIONS

MELBOURNE

There was a strong opening in Barriers on the Melbourne Stock Exchange yesterday, but profit-taking brought an easier closing tone. Industrials show little change. Sales

The Bank of New South Wales quoted the following exchange rates yesterclay:— Selling. Buying. N.Z. on London — 124/10/£N.Z. to £100 stg. T.T. 124 O.D. 123/10/124/8/9 Australia— 100/10/- £ A. to £100 N.Z. T.T. 101 O.D. 101 100/10/Fiji— £F. to £100 N.Z. T.T. 90/7/G 89 O.D. 90/7/G 89 New York— 3.9739 Dol. to £1 N.Z. T.T. 4.0084 O.D. 4.0184 3,9779 4.0104 Dol. to £1 N.Z. T.T. 4.0428 O.D. 4.0548 4.0144 Belgium— 23.377 Belgas to £ 1 N.Z. T.T. 23.687 O.D. 23.762 23.388 Czechoslovakia — Korunas to 113.82 £1 N.Z. T.T. — O.D. — 113.87 Denmark — 17.893 Kroner to £1 N.Z. T.T. 18.203 O.D. 18.263 17.899 Finland — 179.57 Marks to £1 N.Z. T.T. 185.37 O.D. 185.77 179.67 141.91 Francs to £1 N.Z. T.T. 144.41 O.D. 145.41 141.95 Germany— Reichmarks 98.13 to £1 N.Z. T.T. — O.D. — 98.18 Greece — Drachmae 429.54 to £1 N.Z. T.T. — O.D. — 429.84 7.146 Florins to £1 N.Z. T.T. 7.296 O.D. 7.336 7.150 75.51 Lire to £1 N.Z. T.T. — O.D. — 75.56 7.125 Florins to £1 N.Z. T.T. 7.275 O.D. 7.315 7.129 Norway— T.T. 16.182 15.892 Kroner to £1 N.Z. O.D. 16.242 15.898 140.16 Francs to £1 N.Z. T.T. 146.91 O.D. 147.41 140.20 Papeete— 140.31 Francs to £1 N.Z. T.T. 146.31 O.D. 147.31 140.35 15.490 Kronor to £1 N.Z. T.T. 15.785 O.D. 15.845 15.496 Switzerland — 17.266 Francs to £1 N.Z. T.T. 17.536 O.D. 17.641 17.271 Chefoo — 12i N.Z. pence to dol. T.T. -rO.D. — 12 15-64 Hong Kong— T.T. 18 13-32 18 25-32 N.Z. pence to dol. O.D. 18g 18 25-32 India and Ceylon— 22 17-64 N.Z. pence to rup. T.T. 21 63-64 O.D. 21 61-64 22 17-64 Japan— 17 9-16 N.Z. pence to yen T.T. — O.D. — 17 9-16 Manila— N.Z pence to peso T.T. 29 21-32 30 5-32 O.D. 29 9-16 30 5-32 Shanghai— N.Z. pence to dol. T.T. Not quoted O.D. Not quoted Singapore— T.T. 34g 34 55-64 N.Z. pence to dol. O.D. 34 9-32 34 55-64 ASSOCIATED BANKS’ DOLLAR RATES Tire Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, _ on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. Canada. Per £1 N.Z. dol. dol. 4.00 15-16 T.T. . 3.97 7-16 O.D. . 3.97g 4.011 Buying— 4.00J 4.044 T.T. O.D. 4.013 4.05 g

LISTED STOCKS Sales on ’Change £ s, , d. ]00 Tccheys Brewery 1 11 0 50 Broken Hill Propty. 3 0 3 400 Electro. Zinc (ord.) (2) 2 3 2 2 3 9 (3) 2 4 0 150 Electro. Zinc (prof.) 2 7 0 2 7 3 100 Hume Pipe 0 19 1 100 Moturoa Oil 0 5 7 ,300 Broken Hill South .. 1 13 11 (2) 1 14 0 1 14 1 1 14 0 GOO Mount Lyell (3) 1 9 6 (4) 1 9 9 100 Mount Morgan 0 9 11 200 North Broken Hill 14) 2 11 0 100 Rawang Tin 0 8 11 Sales Reported 200 Bank of N.Z. 2 2 11 100 N.Z. Insurance (late sale Saturday) 2 15 6 250 N.Z. Insurance 2 15 6 100 Woolworths (Syd.), ord. 1 0 7 500 Maori Gully 0 0 6 500 Mossy Creek 0 1 0 200 Zinc Corpn. (late sale Saturday) .. (2) 4 10 0

Buyers. Sellers. £ s. d. £ s. d. Buyers. Sellers. N.Z. Govt. Debentures 3}rt p.c. Ins., 15/3/39-43 £ E. d. £ s. d. 100 7 6 3i p.c. Ins., 1938-52 .. 101 10 0 3J p.c. Ins., 1953-57 .. 97 5 0 34 p.c. Ins., 1941 99 12 6 4 p.c. Ins.. 1943-46 102 10 0 4 p.c. Ins., 1946-49 102 12 6 4 p.c. Ins.. 1952-55 102 5 0 102 12 6 4 p.c. Bonds, 1946 102 12 6 4 p.c. Bonds, 1949 103 0 0 4 p.c. Bonds. 1953 102 10 0 Rural Bonds, 5 p.c., 15/9/47 102 10 0 — Other Debentures N.Z. Refrig., 4i p.c.. 1940-45 - 101 0 0 — Banks Adelaide (£5) 6 0 0 Comm, of Aust. (10s) 0 15 8 0 15 10 Comm, of Aust. (pf„ £10) 9 3 6 9 6 0 Comm, of Sydney (£12 10s paid) — 20 10 0 E., S., and A. Bank (£3 paid) 5 0 0 — Natl, of A/asia. (£10 paid) 13 5 0 — Natl. of A’asla. (£5 paid) 6 11 0 6 16 0 Natl, of N.Z. (£2 10s paid) 2 14 0 — N.S.W. (£20) 31 5 0 — New Zealand (£1) 2 2 10 2 3 0 Union (£5 paid) 8 6 0 8 12 6 Insurance National (7s paid) 0 17 3 0 17 5 New Zealand (£1) 2 15 6 — South British (10s) — 2 6 0 Standard (£1 paid) .. — 2 17 0 Loan and Agency Dalgety and Co. (£5 10 0 paid) 8 0 0 8 Goldsbrough, M. (£1) 1 8 0 1 8 8 Invincible Bldg. (£5) .. — 4 15 0 N.Z. Guar. Corp. (3s) — 0 4 5 N.Z. Loan and Merc. (ord., £100) United Building (£1) — 38 10 0 1 0 0 1 1 0 Wright, Stephenson 1 1 0 — Shipping N.Z. (pref.. £1) 11 10 0 — Frozen Meat Cantby. (£7 10s paid) 9 0 0 — 9 Gear (10s) — 0 14 N.Z. Refrig. (£1 pd.) — 0 18 6 N.Z. Refrig. (10s pd.) 0 8 3 0 8 5 Nth. Cantby. Freezing 17 (10s) — 0 9 Southland (£1) 1 9 6 1 11 0 Woollens Kaiapoi (17s paid) — 0 11 6 Timaru (£1) — 0 11 6 Coal 8 Westport-Stockton (10s) 0 3 6 0 3 Westport-Stockton (pf„ 10s) 0 6 0 0 6 6 Gas Auckland (con., 15s paid) 0 13 9 0 14 3 Christchurch (£1) 1 7 0 — Breweries Dominion (cum div.. 0 £1) -— 1 17 New Zealand (£1) 2 2 9 2 2 11 Swan (5s) 0 10 1 8 0 Timaru (in liqdn.) 0 ■— 0 Tooheys (16s) — 1 11 Tooths (£1) 2 13 6 2 15 0 Miscellaneous Aust. Glass (£1) 4 11 0 4 12 0 Aust. Iron and Steel (pref., £1) Beath and Co. (£1) — 1 7 6 -— 1 0 0 Booth, Macdonald (pf.. £1) 0 1 11 — British Tobacco (£1) 2 7 1 2 7 3 Broken Hill Pty. (£1) 3 0 6 3 1 0 Broken Hill Pty. (con.. 6s 8d paid) 1 15 7 1 16 3 Burns, Philp (£1) 2 10 7 2 12 0 David Jones 1 15 0 — Colonial Sugar (£20) 46 5 0 46 15 0 Cox Bros. 0 15 0 — Dom. Blders (10s) 0 3 4 0 5 0 Domin. Fertiliser. (£1) 1 4 6 — Donaghy Rope (£1) .. — 2 6 0 D.I.C. (10s) 0 14 6 — 10 Dunlop Rubber (£1) 1 • 0 8 1 0 Electro. Zinc (ord., £1) 2 4 0 2 4 2 Electro., Zinc (pf.. £1) 2 7 2 2 7 4 Evans Atlas Flour (10s) 0 19 3 — 6 G. J. Coles (£1) 4 3 3 4 3 Gordon & Gotch (£1) 0 12 0 —

Buyers. Sellers. E s. d. £ s. d. Hume Pipe (Aust.), (£1) 0 19 1 C 19 3 Kauri Timber 113 — Myers 19 6 — Moturoa Oil (5s) 0 5 5 c 5 7 McKenzies (£1) — 5 4 0 National Electric (£1) C 14 0 N.Z. Farmers’ Co-op. (£2 10s paid) 0 2 6 — N.Z. Fanners’ Co-op. ("A” pref.. £4) — 2 0 0 N.Z. Farmers’ Co-op. (4J p.c. Stock, 1950, £100) 91 5 0 94 0 0 N.Z. Farmers’ Co-op. (4J p.c. Stock, 1955. £100) 90 15 0 94 0 0 N.Z. Farm. Fertiliser (£1) — 1 0 0 N.Z. Paper Mills (£1) — 1 2 0 Quill, Morris (1936), (£1) 0 18 6 — Reid N.Z. Rubber (£1) — 1 6 0 Taranaki Oil. (24s 7d paid) 0 13 5 0 14 1 Wilcox. Mofflin (11s) 0 6 4 0 6 9 Wilson's Cement (10s) 0 16 8 0 17 9 Woolworths (Sydney), (ord., 5s) 10 6 1 0 7 Woolworths (Viet.), (pref.) — 1 10 0 Woolworths (N.Z.). (ord., cum div., 5s) — 1 0 9 Woolworths (pref.. £1) 1 15 0 — Overseas Listing Woolworths (S. Africa, 5s) 0 15 4 0 15 6 Mining Austral (N.Z.) (£1) .. 116 1 5 0 Argo (Is) 0 10 0 2 1 Clutha River (2s) — 0 2 3 Golden Dawn (5s) — 0 2 4 Goldfields Dredging (Is) 0 0 2i Grey River (10s) 0 12 9 0 13 9 Maori Gully (Is) 0 0 5} 0 0 6J Moonlight Gold. (8d) — 0 0 6 Mossy Creek (Is) 0 0 10 — Nemona (Is) 0 13 0 1 8 New River (Is) 0 0 3i 0 0 Nokomai (5s) — 0 1 9 Skippers (Is) 0 0 02 0 0 1 Worksop Extend. (Is) 0 10 0 1 3 Australian Mining Broken Hill Sth (5s) 1 14 0 1 14 i Mount Lyell (£1) .. 19 1 1 9 9 Mount Morgan (2s 6d) 0 9 11 0 10 0 Nth. Broken Hill (5s) 2 10 11 2 11 0 Rawang Tin (10s) 0 8 11 0 9 3 Zinc Corporation 4 15 0 5 4 0 New Broken Hill 0 17 0 UNLISTED STOCKS All transactions in stocks quoted in this section are subject to a different rate o£ brokerage from listed stocks and are. not quoted on the official list. Buyers. Sellers. £ s. d. £ s. d. Ape.v Mills — 0 12 6 Assoc. Motorists’ Petrol (p£., ex div.) .. 1 2 6 — A.P.A. 0 9 0 — Ball ins Breweries (15s paid) 0 12 6 0 14 0 Blackball Creek — 0 1 4 N.Z. Perp. Forests .. — 2 2 6 Selfridges (N.Z.) — 0 16 0 Selfricgcs (N.Z.) (con., 14s paid) .. — 0 10 0 Timaru Lime 0 19 0 1 (1 6 Westland Breweries 2 0 0 Woolworths (W.A.) .. — 4 10 0 Woolworths Properties (10s paid) 0 13 3 — AUCKLAND Sales on ’Change £ <5 d. Ins. Stock. 4 p.c.. 1943 -44 102 10 0 Ins. Stock. 3J p.c., 1939 -43 100 7 6 South British 2 6 0 Comm. Bank of Australia 0 15 10 0 15 11 Bank of New Zealand (2) 2 3 0 N.Z. Insurance 2 15 6 Goldsbrough. Mort 1 8 6 Auckland Gas (con.) 0 14 0 British Tobacco 2 7 5 Broken Hill Pty. ii 0 3 3 0 8 3 0 9 Colonial Sugar 46 10 0 C’aude Neon (N.Z.) .. 1 5 6 Electro. Zinc (ord.) .. (2) 2 4 0 Farmers’ Trading 1 0 0 G. J. Coles 4 3 9 4 4 0 Morts Dock 0 10 6 Peters Ice (N.Z.) ' 1 3 0 Taranaki Oil (2) 0 14 1 Woolworths (Sydney) 1 0 7 Mount L5’ell 1 8 6 1 9 9 1 10 0 1 9 9 1 9 6 1 9 3 1 9 0 Mount Morgan 0 9 n 0 10 0 WELLINGTON Sales on ’Change £ J5 d. Union Bank (odd lot) 8 7 0 Bank of New Zealand 2 2 101 (3) 2 3 0 New Zealand Insurance 2 15 6 New Zealand Breweries 2 3 0 G. J. Coles 4 3 0 4 3 3 (All above late Saturday) Ins. Stock, 3i p.c., 1943 100 7 6 Bank of Australasia (odd lot) 0 14 6 Bank of New Zealand (2) 2 3 0 Burns, Philp and Co. (3) 2 11 2 Toohey's Breweries 1 11 U Broken Hill Pty. 3 0 6 Taranaki Oil (2) 0 14 2 Woolworths. Ltd. (ord.) 1 0 7 1 0 6 North Broken Hill 2 11 0 Mount Lyell (3) 1 9 9 DUNEDIN Sales on ’Change £ S. d. G. J. Coles 4 3 9 Mount Lyell 1 10 0 Sales Reported Bruce Woollen (prd.) 0 7 6 G. J. Coles 4 3 0 Mount Lyell • » X 9 0 (All late Saturday) Electrolytic Zinc (ord.) • • 2 3 0 Mount Lyell 1 10 0 SYDNEY

The investment market in Sydney is unusually bright, with an all-round nsing tendency. Barrier shares are mucn firmer on keen buying and banks are more acitve than for weeks past. Morning Sales £ s. d. Tooths 2 15 0 Associated Newspapers 1 0 9 Anthony Hordern 0 16 Anthony Hordern (pref.) 1 2 6 Broken Hill Pty. 3 1 0 Burns, Philp 2 11 3 Millaquin Sugar 1 17 0 Afternoon Sales Bank of New South Wales 31 17 6 Commercial Bank of Sydney 20 11 0 Commercial Bank of Austra la 0 16 11 National Bank (£10 paid) 13 11 0 Queensland National Bank 5 1 0 Bank of New Zealand 2 3 0 Bank of Adelaide 6 0 0 Colonial Sugar 46 15 0 Associated Newspapers 1 0 9 Associated Newspapers (pf.) 1 3 9 Howard Smith 1 0 71 Burns, Philp , -- 2 11 3 Burns, Philp (contr.) .. 2 1 0 British Tobacco 2 7 6 Tooths 2 14 9 Tooheys 1 11 3 Australian Glass 4 12 6 Dunlop Perdriau 1 X 11 Farmers 1 11 0 Anthony Hordern ... 0 17 0 Anthony Hordern (pref.) 1 2 6 Morts Dock 0 11 6 W. Adams 0 17 6 Traders' Finance 1 1 3 Producers and General 0 7 9 Meggitts 1 12 0 Sargents 1 9 0 Newbold Brick 1 11 3 J. McGrath 2 0 0 Goldsbrough. Mort 1 8 9 Morris Hedstrom ■. 1 5 6 Millaquin Sugar 1 17 0 Henry Jones 2 7 9 Woolworths 1 0 9 Mount Morgan ... 0 10 1 Mount Morgan (N.Z. delivery) 0 10 1 Mount Lyell 1 10 0 Broken Hill Pty. 3 1 3 Broken Hill Pty. fcont., pf.) 1 16 3 North Broken Hill 2 11 0 South Broken Hill 1 14 7 Rawang Tin ■ • 0 p 6 Rawang Tin (N.Z. delivery) 0 9 4

£ s. d. Commercial Bank of Australia 0 16 0 British Tobacco 2 7 9 Carlton Brewery 3 6 0 Drug Houses 1 5 6 Austrajjan Glass 4 12 3 Dunlop Perdriau 1 1 1 Cox Bros. 0 15 10 Herald and Weekly Times 3 4 6 Hume Pipe 0 19 1 Yarra Falls 1 17 6 Australian Foundation Investment Trust 0 4 10 Electrolytic Zinc 2 4 3 Electrolytic Zinc (pref.) 2 8 0 Mount Morgan 0 10 3 Mount Lyell 1 10 0 Broken Hill Pty. 3 1 0 Broken Hill Pty. (new) 1 16 3 North Broken Hill 2 10 6 South Broken Hill 1 14 3 Zinc Corporation 5 1 0 Emperor Gold 0 12 7