PRODUCTION OF BUTTERFAT

Press, Volume XCII, Issue 27782, 6 October 1955, Page 17

PRODUCTION OF BUTTERFAT

DECREASE ON LAST YEAR

DAIRY BOARD’S FIGURES FOR TWO MONTHS (New Zealana Press Association) WELLINGTON, October 5. New Zealand butterfat production in the first two months of this season was 2.6 per cent, below last year’s corresponding figure, but 3.4 per cent, up on the five-year average, the Dairy Board’s latest review reports. August production was below last year’s in all districts except. Northland, which showed an increase of more than 9 per cent., and an increase on the fiveyear average of 18.3 per cent. Production was above the five-year average in an districts except Otago and Southland. The review sayst "Dairy production was slow during August, but showed signs of picking up during September, as- a result of a returh to warmer conditions and a decided improvement in pasture growth in most North Island districts. However, growth is still very slow in the far south. "Generally speaking, pastures are good, but as yet there is no surplus of feed. Outbreaks of bloat in several areas after the sudden burst of clover growth is causing some concern. Cdses have been reported from South Auckland and Waikato, Taranaki, and Wellington,” says the review. Creamery butter production over the first two months of the season was approximately 18,800 tons, an increase of 2200 tons on the corresponding period of last year. Cheese production was about 1500 tons below last year’s level for the same period. DOUBLE WOOL SALE AT DUNEDIN (New Zealand Press Association) DUNEDIN. Oct. 5. The first main sale of the New Zealand wool season, which is to be held this month in Dunedin, will be a double sale of 38.000 bales. Announcing this today, Mr W. P. Wellington. secretary of the Dunedin Woolbrokers’ Association, said the sale would be held on Monday, October 24, and Wednesday. October 26. Europa Oil Appointments.—Dr. G. A. Lau and Mr R. H. Carmichael, both of Wellington, have been appointed to the board of directors of Europa Oil New Zealand, Ltd. This was announced by the managing director (Mr Bryan Todd) Dr. Lau has been associated with the company as a business consultant for some years, and Mr Carmichael, who was previously sales manager for the company, has been general manager since 1953. Mr Carmichael is an old boy of Christchurch Boys’ High School.

STOCK EXCHANGES N.Z. BREWERIES RIGHTS EASIER New Zealand Breweries, rights, which had opening business last week at 9s, were again in the sales list of the Christchurch Stock Exchange yesterday At vs 3d. More were wanted at 7s, with sellers asking 7s 3d. Christchurch Gas, 15s paid Shares, recovered 3d of their drop on Tuesday to sell at 16s 3d. and buyers were prepared to take more at that figure. Among Australian shares, Australian Consolidated Industries continued to have strong quotations. Closing buyers raised their offers for the shares to 40s 9d and for the rights to 16s 6d. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change, Listed £ a. d. Yar n.

AUCKt.ANII Sales.—Late Tuesday: £lOOO. eent.. 15/5/62. _£"8: 7 Bank ■ S’ure Wales. £32 16si 100 South BrttlllH. O*s. ■lOO British Tobneeo. 27s 6d; 130 Bilknit. N.Z.. 13s. Yesterday: CSOlffl, 3 per rent., 15/12/53-56. £99 6S M: £3OOO, 3 pet Cent., 15/6/64-66, £9O 10s; £350, 3% PW 15/5/62. £PB; 30 Commercial Bank st Aus tralia. pref.. £6; 20 Bank of New South Wales £32 15s; 225 Dominion Sreweries. 665; 68 N.Z. Breweries. Its., Is 6d: 400 Auckland Gas. 10s pd.. Ss 6d, and 400. Ss Id: 250 F.A.M.E. Insurance, ord.. 31s 6J. and 500 pref., 31s Cd; 253 N.Z. Insurance. 75s 3d; 25 Standard Insurance, £5 3s: 20j Wright, Stephenson. 40b 6d: 100 Huddart Parker. 425: 600 Ampol Petroleum, 13s lid: 189 A.C.1., rts.. 16s 6d: 500 Berlei, 46s od, 100 Fletchers. 40s 6d. and 800 pref., 20s 4d. 55-:i Coles. 14s: 300 Forest Prods., 15s Jd, 200 13s Sd. 400 158 7d. and 200, pref-..|, Bsi fld: 150 N.Z. Newspapers, 32s fld; 200 Sijknit, N.Z.. 13s 6d: 500 Taubmans, Us 3ci, and 600 rts.. 5s 8d; 1200 Tasman Pulp. 26s 6d; 200 Tip Top Ice, 19s; 200 Whßkatahc Board, new. 82s 3d; 300 Wm Cable, old. 30s, and 1500 new, 30s; 300 WboJworths. Sydney, 13s 2d. Unlisted: 000 Buntings, 20s.

WELLINGTON Sales.—Late Tuesday: £5OO, 31 per cent., 1962, £9B; 5 Bank of New South Wal A g ; £32 15s; 400 Tui Bowery, 20s 6d; 200 Wright, Stephenson (2 sales), 41s, and 200, 40s 6d; too British Tobatcd, 21S 6d‘ 300 Dunlop. N.Z., nref.. 18s 9d‘, 162 McLeod Bros., 42s 6d; 130 Silknit. N.Z., 13b Yesterday: £5OO, 3 per cent., 59-61, £M 2s 6d. £lOOO. 3 per cent.. 61-63 (2 sAl«8), £92! 2s fid: £3OO. 3 per cent., 61-64. £Ol 10s; £500« 3 per cent.. 55-58. £S7 SS: £3OOO. 3 per cent., 64-56. £9O 10s; £350. 31 per cent , 1962. £9B; £5OO. 3 per Cent.. Maj’. 53-33, £lOO os* £350. 3 per debt.. 60-62. £97 17s 6d: 240 A. and N;Z. Bonk, 30s 6d; ..00 N.Z. Brewery, rts., 7s 3d: 300 N.Z. Breweries (3 sales). 3PS 6d; 100 TUi Brewery. SOs 6d; 48 Taupo Totara. rts. u sales). 16s Sd; 200 Broken Hill Pty., 33s fld; 200 Clyde Engineering (2 Bales). 20s; 100 G. J. Coles. 14s Id; 200 GdldsbroUgh Mort, 27s fld; 200 Newton King, pref., 22s fld; 500 Tasman Pulp, 26s 3d; 100 Tip Top. Auck., 19s; 800 Wm. Cattle Holdings (3 sales). 30s; 800 Woolworths, N.Z. (2 sales), 20s; 1000 Woolworths, Ltd., Properties, 13s Pd: 200 Wright, Stephenson (2 sates), 41s: 100 Southland Cemeht. CbntHb. (unofficial), ss. Reported after call: 200 Wellington Gas, 28s; 220 Wellington Trust Loan (3 sales), £5 128 6d. duhebim Sales;—Late Tuesday: 100 Felt and Textiles (Australia), 21s «d; 500 Broken Hill Pty.. 33s 3d. Sale on ’Change.—so North Broken Hui. 80s. Sales Reported.—£3B6o N.Z. Govt., d per cent.. 15/4/60-631 £92 13s; 200 National Mortgage, "A.” 12s; 100 Huddart Parker, pref.. 17s 9d: 500 Fletcher Holdings. ord.. 40s; 300 woolworths. Ltd., 15s Id; 100 Wright. Stephenson, ord, 41s; 200 Tip Top Ice, 19s. INVERCARGIIX Sales.—looo Wright, Stephenson, 21s 9d; 100 Union Steam, pref., 24s Od; 300 National Mortgage. A, 12s; 200 Newton King, oref.. 22s 6d.

OVERSEAS EXCHANGES SYDNEY The upward trend in share prices was not so pronounced on the Sydney Stock Exchange yesterday. Leading industrials were irregular. Sales.—Commercial Bank of Sydney. £2O 3s; Tooths. 555; CoUrtauld, 18s; Wunderlich. pref., 20s; Goldsbrough Mort, 34s 6cl; Woolworths. 19s IJd; Coles. 17s 6d; A.C.1., 51s 3d, and rights, 20s fld; Taubmans, 14s Id; Bonds Ind.. sls 6d: N.Z. Forest. 19s 3d; Ma&dhite, 3fis 6d; British Tobacco, 34s 9d; Lustre, 37s 9d; Henry Jones. 53s 6d; Kandos, 37s 3d; Drug Houses, 32s 9d; David Jones, 58s; Colonial Sugar. £4l 2s 6d: Burns, Philp, 47s 6d: Farmers, £5: Gordon and GotCh, 18s 10d: Broken Hill Proprietary. 41s 9d; South Broken Hill. 77s 3d; North Broken Hill, £5 2s; Mount. Morgan. 28s fld: Mount Lyell. 295; Ampol Petroleum. 17s 7|d: Ampol Exploration. 17s; Oil Search, 7s fld; North Uranium Development. 5s 3d; N.A.U.C.. 7s 3d: Uranium Mines, 3s 3d. MELBOURNE Investment stocks were steady to firm on the Melbourne Stock Exchange yesterday, and trading was moderately active. Oil was slightly easier, but uranium and gold were firm. Trading was heavy in selected stocks. Commonwealth loans held firm. Sales,—-Mount Isa. 78« 6d; Mount Lyell. 295: North Broken Hill, £5 2s: North Aust. Uranium. 7s 3d; Uranium Development, Is lOd; Uranium Mines. 5s Id; Loloma, 24s 6d: Mount Morgan. 2fis: Ampol Exploration, 18s: Oil Search, 7s lOd: E.. S.. and A.. £6 ss; Ampol, 17s 6d.

and pref.. 19s: A.C.1., 525, and rights, 29s fld; A.P.M., 21s 9d. and pref., 19s fld; British Tobacco. 34s 6d; Broken Hill Proprietary. 4is 9d. and 6s 8d cap. paid, 19a 3d; Dunlop. 31s 6d, and pref., 33s 6d; Electro. Zinc, 48s 3d, and pref., 45s 3d; Felt and Textiles, 27s 3d; G.M.H., pref.. 2ls; G. J. Coles. 17s 6d; Gordon and Gotch, 18s lOd, and pref., 6s 10d; Henry Berry, pref.. 11s 10d; Henry .Tones. 53s 9d; Herald. 20s: Humds. pref.. 235; 1.C.1., A. and N.Z.. 41s 6d. and p-ef.. 19s 96; Myer. 15s. and pref.. 28s Id; N.Z. Forest, 19s 4d; Dlympic, 8s 8d: Woolworth#, 19s.

CHRISTCHURCH QUOTATIONS

400 N.Z. Govt. 3 p.c. Stock, due Doc., 1953-56 (2 sales) 99 5 0 — 100 Comm. Bank of Australia 0 14 10 +ld Bank of New South Wales 32 15 0 N.C. N.Z. Breweries .. N.Z. Breweries, rights Christchurch Gas, contrib. .. 1 16 0 200 0 7 3 —-1/9 0 16 3 +3d 100 Mutual Benefit .. 1 10 6 — 1/100 United Building .. 0 19 9 — Sales Reported, Listed 1000 N.Z. Govt. 3| p.c. Stock, 15/9/65 96 5 0 — 72 Aust. and N.Z. Bank 1 6 6 U400 Tui Breweries 0 6 300 National Insurance 6 2 200 Dalgetys. "A” 0 9 5 300 N.Z. Farmers’ Coop., “A” pref. 0 15 3 N.C. 100 Kauri Timber 11 3 — 300 Matheson Minster 0 6 6 — 460 300 Electro. Zinc, ord., cd. G. J. Coles 1 0 18 14 3 0 N.C. 200 N.Z. ..Newspapers 1 12

Buyers. £. s. d. Sellers. £ 8. d. n.z Governmeti* 21 p.c., 13/8/55*08 .. 99 10 0 3 p.c.. 15/5/53-56 .. 00 2 6 __ 3 p.c., 15/12/53-56 .. 99 5 0 *— 3 p.c., 15/2/55-58 .. 97 0 0 — 3 p.c., 15/4/86-99 .. 97 0 0 3 p.c., 15/11/57-60 .. 95 2 6 3 p.C., 15/8/59-61 .. 93 0 0 93 10 0 3 p.C., 15/4/’0-63 .. — 93 0 0 3 p.C., 15/7/61-63 .. 91 15 0 92 2 6 3 p.c., 15/7/63-65 .. 90 0 0 —_ 3 o.c., 15/ /t?4- 6 .. 90 0 0 3j p.c., 15/1/56-59 .. 96 17 6 97 5 0 3J p.c., 15/1/53-57 .. 99 5 0 — 3J p.c., 15/5/62 — 98 2 8 3J p.c., 15/9/65 96 0 0 96 7 6 31 p.c., 15/9/69 95 Ip 0 __ 32 p.c., 15/6/65-66 .. —— 97 5 0 3? p.c., 15/9/74 4 p.c., 31/5/94-98 .. 94 0 0 — 100 5 0 — Other bebentures— Nth canty. E.P.B.,. 1/6/65 .. __ 96 15 0 Tauratiga E.P.B., 4 p.c.. 1/1/66 98 10 9 Waltomo E.P.B., 31 p.c., 1/3/61 94 15 0 Batiks— Aust, and N.Z. 1 9 3 Comm, ot Aust. .. 0 14 9 — Pref. . .* — 6 2 6 Comm, of Sydney 18 10 0 — Nat. of A’sia, £1 1 6 4 —- 12s 6d .. 0 15 6 — N.S.W 32 10 0 33 0 0 ■>’ ’• •* rte#— Ballins, ord. —— 1 7 0 Fret 1 0 6 —- New Zealand 1 18 0 — Rights .. Westland, c.d. 0 7 0 0 7 8 2 3 0 Tui — 1 1 0 ifrnzen Meat— Canterbury 19 0 0 — Pref 7 15 0 Hlghti .. 5 15 0 4 15 0 N.Z. Refrig., 80s .. 2 14 6 2 15 6 10s 1 7 9 — Nth. Canty., pf. .. 1 3 6 — Waitaki 12 8 0 —— Gas— Auckland .. 0 8 0 —— 5s paid .. Christchurch 0 4 1 1 0 0 1 "1 8 contr. Wellington 0 16 1 7 — ins ra ore— . F.A.M.E. .. 1 10 0 — National — 1 6 6 New Zealand 3 14 0 Standard .. .. 4 19 0 —— Loin »nd Agency— C.F.C.A., ord. *, 30 0 0 Credit and Fin. .. — 1 4 0 Da’.gety, M A” 0 9 4 0 9 6 “B” 0 10 0 Goldsbrough. Mort 1 7 0 1 8 0 Mutual Benefit 1 P 6 Not. Mortgage "A‘ .. . * — 0 12 3 1 0 N.Z.F. Co-op. 0 15 0 —— First pref. —— 0 17 0 “A*’ pref. — 0 15 6 *‘B“ pref. — 0 15 6 4J p.c. Stock, ’61) 95 15 0 —— N.Z. Guar. Corpn. — 0 2 Farmers’ BSnance — 1 3 0 South Island Fin. 1 8 0 — United Building .. 0 19 6 — Wright, Stephenson 2 0 1 — Pref. 1 1 w Shipping— N.Z.. pref. 10 0 0 Huddart Parker .. 2 3 3 Northern .. 0 12 8 — P. and O., c.d. 1 11 0 1 13 0 Union, pref. 1 4 9 TimberKauri 1 11 0 —- Parker Lamb 0 5 6 — Wool’ens-— Bonds 3 10 0 3 10 6 Feltex, c.d. 1 1 8 9 Korma Tex., pref. 0 15 10 0 16 3 Lane. \ alker Ind. ** 2 2 0 Pref. 1 0 6 — Manawatu 4 0 0 4 8 0 Timaru — 1 13 2 Airwork — 1 2 0 Alloy Steel, N.Z 1 18 6 — Amal. Batt. 1 12 0 1 14 8 Ampoi Andrews arid B6a0 14 0 0 14 6 ven, pref. — 1 0 9 Aulsebrooks, pref — 1 0 9

A.C.l. 2 0 9 — Rights 0 16 6 —— Aust. Found. Inv. — 0 5 Avon Metal —• 0 10 0 Death and Cd. — 2 12 6 Begg and Co. 16 0 2 17 0 Booth, Macdonald 0 4 8 —- British tobacco, Pref. — 0 19 0 Ord. 1 7 0 — Broken Hill Pty. .. 1 13 1 13 9 Cantv. Roller Flour 0 16 0 —- Claude Neon. N.Z, 2 7 6 — Clyde Engineering — 1 0 3 Colonial Sugar 33 5 0 Consul. Brick 0 10 6 —— Cottlls. Somerville 1 12 0 COUrtaulds 0 14 7 ■— Cyclone Fence 0 14 6 — Prdf. 0 10 9 ___ Dom. Builders i.— 0 11 0 Donaghy’s Rope .. 2 2 6 — D.I.C. 1 5 0 Pidf. 1 2 0 Dunlop. N.Z., pref. 0 16 6 — Electro. Zinc, Ofd., c.d. 1 16 0 1 18 9 Pref., c.d. .. 1 15 6 — Evens Atlas ___ 0 1ft 0 Farmers’ 'trading __ 1 19 0 Fletcher Holdings 1 19 6 — “C” pref. —. 1 0 6 G. J. COlts 0 14 0 0 14 3 Gordon and Gotch 0 14 9 0 13 3 Harley 1 12 6 —_ Hay’s. Ltd. —— 1 17 3 Ptef 1 2 0 Hfthry Jones 2 ft 0 Humes ~ — 2 10 0 Humes (N.Z.), pref. — 1 1 3. K.P. Drugs 6 7 6 M.C P — 0 5 J Maling, prdf. — 1 0 6 MCKthzifes 1 1 ft McLeod .. — 2 2 9 Midland Mot., pf. — 1 0 .4 Milburn Lillie — 1 7 6 M.K. Mffs. 0 12 3 N,Z.F. Fertiliser .. 2 1 0 —— N.Z. Forest Prod — 0 13 11 Pref. 0 18 6 N.Z. Newspapers .» 1 12 6 1 13 0 N.Z. Paper Mills . 1 9 9 Otago Dailv Times 2 9 9 — Petrous Tile, e.d. I 3 0 — Pukeihiro Collieries. c.d. 1 11 0 — Quill Morris (1936) 1 ft 3 — Reid Rubber 1 6 1 1 6 8 Ross and Glendin. —— 1 13 0 Filknit — 0 15 0 Skellerup. pref. .. —— 1 0 9 Sndndway Prods., pref. — 1 1 n Tasman, £1 pd. .. Transport (Nelson) 1 6 1 10 ft 0 Whakatane, ord.,

c.d. Pref., c.d. 12 0 1 2 0 Whit, and Tombs 1 14 0 Win Cable Hdgs. — 1 10 6 Wilson’s Cement .. 0 14 6 . W’wo*ths, ord. 0 15 I 0 15 3 (N.Z.). ord. 0 19 10 (N.Z.) Pn., pf. .. 1 0 0 1 1 0 Ultimate-Ekco 0 19 6 — Overseas Listings— W’worths (South Africa) .. 0 11 0 Aust. Minin? — Mount Lyell 12 6 13 0 Mount Morgan 119 12 6 MiMhe— Arahura 0 17 i) Grey River 0 4 0 0 4 6 Kaniere 0 9 6 — Snowy River —- 0 3 9 UNLISTED STOCKS Buyers. Sei let ’. £ 1. d. £ s. d. Bftaths (Is paid, 19s on deposit) — 2 3 0 Buntings 1 9 0 — Carbonic Ice — 3 5 0 Canty. Seed — 1 12 0 Chch. Press — 13 17 6 Europa Oil, N.Z., pref. 1 12 0 —. Finance and Discount, pref. 1 1 0 John Bulletd — 0 13 9 Kalapoi Woollens —> 18 0 Pref. —— 14 0 Matea Forests 0 3 9 0 4 3 National Tobacco 0 9 6 0 13 3 N.Z. Motor Bodies, c.d. — 3 3 9 R. and 8. Tingey • » « •Mont Theatre • it a