RAW MATERIALS

Evening Post, Volume CXXVIII, Issue 56, 4 September 1939, Page 13

RAW MATERIALS

(By Telegraph—Press Association— Copyright.) LONDON, September 2. Friday's closing prices for the following raw materials were nominally as follows, those for August 25 being shown in parentheses:— Cotton. —Liverpool quotation, good American middling, spot 5.40 d a lb (5.52 d); October delivery, • 4.99 d a lb (4.97 d). Rubber.—Para, not quoted (8 5-8 d): plantation smoked ribbed sheet, not quoted (7 5-8 d). Jute.-—September-October shipment, not quoted. Linseed Oil.—Not quoted (£29 10s a ton). Turpentine.—-50s a cwt (41s). SOUTHERN DAIRY PAYOUTS. A surplus of £32,585 is shown in the accounts for the Tai Tapu Co-opera-tive Dairy Company, Ltd., Canterbury, for the year ended July 31, 1939. The directors recommend a final payment of 24d per lb on the butterfat supplied, making a total payment for the finest grade for the year of Is 4Jd per lb. The final payment absorbs £29.879. The directors also recomrriend a dividend, at the rate of 6 per cent, per annum, absorbing £687. and a transfer to plant and buildings replacement reserve of £2019. "Unsold butter on hand at the balance date consisted of 90,4911b, and was valued for stocktaking at Is 3.6 d. The expense ratio of 2.46 d per lb butterfat is an increase of .13d per lb butterfat over the pre-vious-year's .figures; this, in view, ot' rising costs and a decrease in output of 65 tbns, reflects credit on the1 efficiency of the organisation: The average grade for the year of 94.01 is an improvement, and brings the. average grade of our produce into the super-finest class; The Canterbury Central Co-opera-tivS Dairy Company, Ltd.. announces a further payment of 2 0: per •lb on all butterfat supplied during the company's year ended July 31, 1039, to be . included with the payment for August butterfat. , ,;