FARMING AND COMMERCIAL

Manawatu Standard, Volume XLVIII, Issue 220, 15 August 1928, Page 5

FARMING AND COMMERCIAL

DAIRY INDUSTRY.

makowhai dairy comp any,

annual meeting of suppliers.

PROSPEROUS SEASON ANTICIPATED

The annual meeting of the Makowhai Co-Operativo Dairy Coy., Ltd., was hold yesterday, Mr P. Dixon presiding over a very fair attendance of shareholders and suppliers. The annual report and balance-sheet, previously published were taken a 3 read and adopted. Spepking to the report, the chairman said that the output list year had been reduced. It was necessary for every supplier to bring in another supplier, as tho output was 206 tons in 1925 aind tho cost to f.o.b. was 1.50. Bigger savings in expenses were mado in the past year, but the cost to f.o.b. had been 1.64, or almost Is 4d a lb. on butter-fat. The directors had followed the policy that it was better to pay out an even amount and to make a final payment at the end of the year. Throughout the sensosr Is 6d had bean consistently paid. However, tho final payment for butter-fat would be Is 8d nett. This year, suppliers would get, with tho exception of a small deduction for the maintenance account (£100), the whole, of the possible payment, and no deduction was being mado for tho factory accoumt. After the final clean up of tho past season, it was expected to have a reasonable balance for distribution. The report submitted at tho last annual meeting had not been too good. However, this year, good, even prices had been obtained. Tho finances of tho company were sound and tho coming season could bo viewed with confidence.

Mr Dixon also said that the directors had decided to wax tho cheese for tho coming season, but owing to rumours that buyers would discriminate between waxed and un-waxed cheese, nothing would bo done until 1 further advice had been received. In his opinion, tho cost of the necessary plant (£BS) would bo saved during the first half of tho season, as shrinkage would be greatly decreased. BRIGHT FUTURE. In discussing tho company’s activities, Mr F. Nathan said that it had experienced hard times, but, owing to the ability of tho directors, excellent progress had beeta made and there had been a paymont of Is 7d nett and another penny would bo paid. Even in making a further payment, the directors would not bo over-stopping tho mark. The future prospects wore bright, both for butter and cheese, especially the latter. Competition in butter was becoming keener. Forty-two per cent, of tho New Zealand butter sold in England had been used for blending, but, owing to it containing no preservatives, sales to the blenders would bo restricted. Canada was the only serious competitor in the cheeso market, but, on account of her exports to America, supplies to Great Britain wore becoming smaller. Australian competition was much lighter, and, generally, tho future could be looked forward to with extreme confidence. In adopting the policy of consignment and establishing a goodwill, the directors had, in the face of much opposition, taken a very wise step and a wiser one was to continue.

Proceeding, the speaker said that testing and culling should bo more carefully attended to. Tho butter-fat yield in New Zealand could be doubled without any expense if herd testing were fully carried out. Regarding top-dressing, if done intelligently, this would pay tenfold, and it was of far greater importance than was generally recognised. The necessity of a clean milk supply 'was also stressed by tho spoaker, who said that, given the right milk, the factory manager could produco cheese to equal anything mado elsewhere, but, with dirty conditions, the handicap was great. Mr J. Harris, tho only retiring director, was re-elcctcd and Mr IV. E. Bendall was re-appointed auditor. In recognition of their services during the past year, tho manager and first assist-

ant were granted bonuses. Hearty votes of thanks to tho directorate, tho secretary and his staff, and the “Standard,” concluded tho meeting. RONGOTEA COMPANY. ANNUAL REPORT. The report to bo presented to tho 34th annual meeting of shareholders and suppliers of tho Rongotea Dairy Coy. states:— Tho output for tho season amounted to 733 tons 4 cwt 3 qrs 14 lbs, being a slight increaso on tho previous year. Commencing tho season with a fairly good spring and after mild weather, the indications were for a good year,tho output being at tho end of December nearly 20 per cent, ahead of tho same timo previously. Unfortunately, this could not bo maintained as owing to a very dry summer tho output, from tho month mentioned fell rapidly until tho autumn. Tho grading of tho cream was still carried out during tho year and suppliers aro more and more showing thoir ability to produce the finest article at all periods. For tho information of suppliers tho question of rovorting back to tho two grades (first and socond only) has been fully discussed at tho last two conferences of tho National Dairy Association of N.Z., Ltd., at Rotorua in 1927 and at Palmerston North in 1928. The remits dealing with this question was lost on both occasions. Likcwiso, tho remit dealing with that portion of tho. regulations whereby tho supplier is penalised for a test under 35 per cent, - was also lost. Suppliers must, therefore, understand that theso two regulations aro still in forco and must be carried out. Tho quality of the butter mado during the season has been good, showing an increaso in tho grading of 63 per cent. Tho average grade for finest was 94.70 and for the small quantity of first (mado last winter) 91.44. Thero was no second grade butter made. During tho year tho company has entered more into tho local market, and sales in Palmerston North and Wellington havo been good. Rongotea buttor has also boon shown at tho Waikato, Palmerston North and Hawora Winter Shows with pleasing results and tho manager and his staff aro to bo congratulated on the very meritorious wins at tho different places. At tho commencement of tho year advances wero mado at tho rate of Is 6id per lb of buttorfat and to equalise tho pay-out ovor tho wholo season tho directors now propose a bonus of l|d on all buttorfat supplied as from tho Ist October, 1927, to 50th Juno, 1928, inclusive. This makes tho averago pay-out for tho season Is 6d per lb of buttorfat nott. Tho directors also rocommend tho payment of 6 per cent, dividend on tho paid-up capital as at tho 30th Juno, 1928. In accordanco with the article of association three directors retiro by rotation this year—Messrs Davison, Gloyn and Lyons. Mr Lyons is not seeking re-election, having loft tho district. Mr Lyons has always boon a loyal supportor of the company, and the thanks of shareholders aro extended to him for past services. Nominations for the vacant seats havo been received from Messrs J. Corbett, G. H. Davison, S. Foster, W. O. Gloyn, J. Huddleston and L. W. H. Noel, and as only three. aro rq- ! quired an election will be held. Tho auditor, Mr P. L. Sim submits himself tor ro-1 election. • STATISTICS. Tho table of quantities is as follows: — Buttorfat received, 1,353,1081 butter manufactured, 1,642,466; over-run, 21.38 por cont.; average test, 37.89 per cent. Cost per lb buttor: Manufacturing, transport, storago, overhead oxpensos, 1.62 d; costs f.o.b to i London, 1.77 d; cream collection, ,40d; finest | cream grading percentage, 82.33 per-cent.; first cream grading percentage, 16.70 por cent.; second cream grading percentage, .97 per cont. TIAKITAHUNA COMPANY. i Tho annual meeting of shareholders of tho Tiakitahuna Co-operative Dairy Company was held yesterday, Mr L. Dampncy presiding over a fair attendance. It was decided, as recommended by the directors, ( to pay out a further id por lb on last [ season’s buttorfat and id per lb on this I season’s. Tho retiring directors, Messrs M. Richardson, H. J. P. Parker and. E. P. |

Neilson wero ro-electod unopposed. Mr P. L. Sim was ro-olectod auditor. Votes of thanks wore passed to tho factory manager (Mr J. Hawke), tho staff and secretary (Mr A. E. Mansford). At a subsequent meeting of directors Mr Dampnoy was re-elected chairman.

IMPORTING PIGS FROM ENGLAND.

TIME FOR BAN TO BE LIFTED

OPINION OF BREEDERS.

At the meeting of the council of the New Zealand Pig Breeders’ Association yesterday, the question of the ban on importing stock from Great Britain was considered, when the opinion was expressed that it was time to consider the lifting of the - restrictions. The matter was brought up by a letter from the secretary of the National Pig Breeders’ Association, England. which stated as follows: —“'I most earnestly hope that the day is not far distant when your Government will agree to remove the embargo on the importation of stock from this country. Judging by correspondence received here from New' Zealand, it would appear that pure-bred pigs from England are wanted and I can assure you that breeders over here are able and willing to send you first class stock. I had hoped that the establishment of the quarantine station in London would havo immediately reopened your ports to us as the utmost precautions are taken to avoid any risk of carrying foot and mouth disease. Up to tho present only tw T o of the Dominions—South Africa and Northern Rhodesia —have agreed to accept stock via the quarantine station.” Mr C. W. Anderson moved that a letter be sent to the Department of Agriculture asking if, as ,a quarantine station had been established in England, it would .not be possible for tho breedors of. New Zealand to import pigs from Great Britain. After six months in the quarantine station, ho added in support of his motion, if the animals were in an absolutely healthy condition they were exported, but not otherwise. Mr N. P. Neilson stated that the association should not move too rapidly as it would be a sorry day for the Dominion, if ever foot and mouth disease was introduced. Tho chairman, Mr. J. A. Russell, seconded the motion which was carried.

FARMING IN FIJI. In connection with the intorviow recently given by Mr H. D’Arcy on dairying in Fiji, in which it was stated that tuberculosis was prevalent among many of the dairy herds of that country, Mr D’Arcy points out this statement should have referred to the large herds and not to the dairy herds. “As a matter of fact,” Mr D’Arcy says, “many of the daily’ herds in Fiji are managed by export New Zealand and Australian dairymen, who tako every precaution to keep their herds clear of disease.”

WOOL SALE DATES. Wool sales during the coming New Zealand season opening in Wellington, will take place on the dates and in tho various centres as follow: Wellington.—November 16, December 7. January 12, February 19, March 20. , Napier.—November 20, December 12, January 18, March 4. Wanganui.—November 23, January 23, February 27. Auckland. —November 26, February 3. Christchurch. —December 3, January 7, February 13, March 15. Timaru.—December 17, February 8. Dunedin. —December 1. February 12. Invercargill.—January 31, March 8.

PIG BREEDERS. MEETING OF COUNCIL. A meeting of tho council, of tho New Zealand Pig Breeders’ Association was held in Palmerston North yesterday, Mr J. A. Russell presiding. Tho following vice-presidents wero elected:—Messrs J. F. Shepherd, F. W. Cornwall, F. Discombo, C. W. Anderson and J. A. McFarland. Mr C. H. Dallard, of Christchurch, was elected a member of tho council in place of Mr J. A. McFarland, of Aorangi. Tho Manawatu-Oroua branch wrote recommending that there be a separato judge for each breed of pigs at A. and P. shows whore entries warranted such a course. It was decided to reply stating that the council would support any endoavour to have more than one judgo for tho pig classes and suggesting that tho writers taTro up the matter with A. and P. associations. From tho Manawntu and West. Coast A. and P. Association was received a request for a subsidy on tho expenditure incurred in connection with the pig classos at shows. It was pointed out that not only was this class doing much towards the finding of tho ideal animal for pork and bacon, but also it was a good advertisement for the Pig Breeders* Association. —Mr Discombo moved that £5 5s bo donated to tho A. and P. Association. Mr Anderson, in seconding tho motion, which was carried, stated that tho association deserved every encouragement for the excellent work it was doing. A lottcr from tho Manawatu-Oroua branch suggestod that Hawke’s Bay breeders be in tho branch as there wore not enough breeders on the other side of tho ranges to form a soparato unit. It was decided to agree to tho suggestion. It was also stressed that efforts should bo made to foster interest in Hawke’s Bay sufficient to form a now branch there.

In response to a request from the Northern A. and P. Association it was decided to award certificates for all purebred classes at tho association’s shows. The chairman considered that all breeders of pedigree stock should register pigs for breeding with tho association and earmark each pig. Mr Anderson read an excerpt from tho English rules which laid down that no pig should bo eligiblo for competition unless ear-marked beforo it was eight weeks old. It might bo worth while to write bo the National Pig Breeders’ Association (England) asking how this by-law operated. Information could bo also obtained from other countries.

Mr Discombo considered that it was timo some system of ear-marking was enforced. Much could be learnt from tho older breed societies as Mr Anderson had suggested. In tho opinion of Mr Cornwall, tattooing was tho best method. Tho secretary was instructed to obtain information from breed societies overseas.

Tho following new members wero elected: —Messrs N. A. Arthur (New Plymouth), R. L. Blakio (Southland), S. C. Mcßao (Patea). C. *S. McLean (King Country), D. S. Nairn (Eltham), P. Sullivan (Westland), F. N. Wright (Canterbury), D. L. Whitelock (Normanby), H. L. Wallace (Waipuno, Tamahero) and Major Hutton (Darfield).

Mr Anderson gavo notico of his intention to movo at tho next meeting the following resolution: “That sectional committees bo set up to take such steps as thoy may consider likely to encourage tho improvement of the brood they represent, such committees to ha-vo placed at thoir disposal 10 per cent, of the amount of registration fee 3 recovered from tho breed tho previous year, and each committeo to bo formed from members of tho council with power to co-opt two other members of the association.” Mr Anderson added that committees need only bo set up for the present for the Berksliiro, Tamworth and Largo White broeds.

BRADFORD MARKET.

Australian Press Association

LONDON, Aug. 13. The Bradford wool .market is displaying a holiday tone. Quotations, are unchanged.

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. At the afternoon call on tho Wellington Stock Exchango yesterday sales wer reported of Staples and Co. at 36s 6d, Electrolytic Zinc, preference, at 33s 9d, cum dividend, and Mount Lyell at 38s sd. Thero was a good demand for .Government stocks and bonds. Tho 4(, per cent, bonds wero wanted at £99, and tho 5 i per cents, at £lOl. N.Z. Breweries 10 per cent, bonds wero firm at 245. Bank shares wero steady. Thero wero bids of 33s 8d for Australian Bank of Commerco, 303 for Commercial Bank of Australia, £26 for Commercial Bank of Sydney, £7 3s 9d for National Bank of Now Zealand, £lB 15s for .National' Bank of Australasia, £lO paid, and. £9 6s 3d for £5 paid; £SO ss, cum dividend, for Bank of New South Wales, 60s 2d for Bank of New Zealand, 27s Id for Bank of New Zealand “D” shares, £4 19s 6d for Union Bank, local register, and £ls for Molbour.no register. Sellers quoted £ls Is for Bank of Australasia.

Goldsbrough, Mort wore wanted at. 50s 9d, N.Z. Guarantee Corporation ordinary at 8s 9d, preference at 21s, N.Z. Loan and Mercantile at £lO7, Wellington Investment at 10s Bd, and Wellington Deposit, at 9s sd. Thero was a domand for Christchurch Gas at 24s 2d, Gisborno Gas at.9s 9d, and Wellington Gas at 28s 9d. Insuraneo shares wero firm; National Insurance at 16s, New Zealand Insurance at 42s 3d, and South British Insurance at 60s od. Gear Meat were wanted at 40s 6d, 10s paid at 8s 6d. Thero wero buyers of N.Z. Rofrigerating 20s paid at 18s 9d, and Huddart-Parkor ordinary at 49s 4d, and proforenco at 21s, Union Steam at 20s 4d, and Ivolburno Trams at 26s 3d.

Woollon shares woro in better demand, with buyers of ICaiapoi Woollon preference at 14s 6d, Wellington Woollen ordinary at £6 9s 6d, preference at £6 11s cum. dividond. Hikurangi Coal proforenco woro wanted at 9s 3d, Kauri Timber at 19s, Leyland-O’Brion at 31s 6d, and National Timber at 7s. .

Brewery shares woro firm, with buyers of N.Z. Brcworios at 48s 9d, Staples and Co. at 365. 3d, and Ward and Co. at 41s. Burns, Philp woro wanted at 45s 9d, British Tobacco at 42s Bd, Electrolytic Zinc ordinary at 32s 6d,. and proforenco at 33s 7d, Now. Zealand Drug at 69s 6d, N.Z. Paper Mills at, 16s, Wilson’s Cement at 38s 3d, and Mount Lyell at 33s 9d. Yesterday’s buying and selling quotations were as under:—

METALS MARKETS. (Australian Press Association .) LONDON, Aug. 14. Copper.—Standard, on. spot, £62 8s lid per ton; forward delivery, £62 18s Ijd; electrolytic, £6B 15s and £69 ss; wiro bars, £69 ss. Load, £2l 7s 6d in both positions. Speltor, £24 7s 6d and £24 12s 6d. Tin, £213 12s 6d and £221 8s 9d. Silver. —Standard 27±d per ounce, fino 29 7-16 d.

FOREIGN EXCHANGE RATES

(Australian Press Association. —United Service.) LONDON, Aug. 13. Foreign rates of exchange on August 13, as compared' with par rates, or as averaged first half of 1914, aro as follow':

COIR FIBRE. (Australian Press Association.) LONDON, Aug. 13. Mr Van Cooth. of Los Angeles, has returned from Belfast pleased with the results of his experiments with coir fibre material. The samples produced indicate that the new material, when woven and ealendorod under 50 to 70 tons pressure, results in a bagging material most useful for all commodities, not only wool packs, but also wheat bags and coal sacks, potato bags and cement bags. Experts aro favourably impressed with the possibilities of the fibre. Mr Van Cooth claims that coir fabrics can compcto in both quality and price against tho imported juto fabrics anywhere. Tho mechanical spinning of coir ynrns will bo of tho utmost value to tho Pacific Islands and mandated territories, and provido work for hundreds of people in Australia and tho other Dominions.

P. AND 0. STOCK. (Australian Press Association.—United Service.) LONDON. Aur. 13. P. and 0. deferred stock, £233 ss. LEAD IMPORTS AND EXPORTS. (Australian Press Associatio.n —United Service.) LONDON. Aug. 13. Lead imports amount to 22.253 tons, Australian 5805; exports, 3271 tons.

Buyers. Sellers. N.Z. GOVT. LOANS— £ S. « d. £ s. d. 4J p.c. Ins. Stk., 1938 98 17 6 — 5i p.c. ditto, 1936 — 101 5 0 5i p.c. ditto, 1941 99 0 0 — 5i p.c. ditto, 1933 98 17 6 — 4>i p.c. Honda, 1941 ... 98 15 0 — 4£ p.c. ditto, 1939 98 17 6 — 4-v p.c. ditto, 1938 ... 99 0 0 5£- p.c. ditto, 1933 101 0 0 — 5} p.c. ditto, 1936 101 0 0 — debentujres— N.Z. Breworics (bonds) 1 4 0 1 4 4 BANKS— Australasia — 15 1 0 Australian Bank of Coinmerco 1 13 8 Commercial of Aust. (ord.) 1 10 0 — Commercial Banking Co. of Svdncv 26 0 0 National of N.Z 7 3 9 — National of Australasia (£10) 18 15 0 T)itto (£5) 9 6 3 Now South Wales 50 5 0 New Zealand 3 0 2 Ditto, lone- term mort. 1 7 1 Union of Australia ... 14 19 6 Ditto (Melbourne register) 15 0 0 FINANCIALEquitablo Building ... 8 5 0 Gotdsbrough. Mort . . 2 10 9 2 11 6 N.Z. Guarantco Corp. (ord., 83) 0 8 9 0 9 1 Ditto (pref.) 1 1 0 N.Z. Loan and Mor. Agency (ord.) ... 107 0 0 Wellington Investment 0 10 8 Well. Deposit & Mort. 0 9 5 GAS— Christchurch 1 4 2 1 5 0 Gisborno 0 9 9 Wellington (ord.) 1 8 9 —

INSURANCE— National 0 16 0 Now Zealand 2 2 3 — South British 3 0 9 — MEAT PRESERVING— Gear 2 0 6 2 1 3 N.Z. Refrigerat. (£1) 0 18 9 — Ditto (10s) 0 8 9 — TRANSPORT—, Huddart-Parkcr (ord.) 2 9 4 2 9 10 Ditto (pref.) 1 1 0 — Union Steam (pref.) ... 1 0 4 — P. and 0. dcf. stock .. — 237 0 0 Kel. and KaroriTram. (ord.) 1* 6 3 WOOLLEN— Kaiapoi (oontrib.) 0 2 0 — Ditto (pref.) 0 14 6 — Wellington (ord.) 6 9 6 — Ditto (pref.) 6 11 0 — COAL— Hikurangi (pref.) 0 9 3 — Westport — 1 11 0 Waipa — 0 14 6 TIMBER— Kauri 0 19 0 — Lcyland-O’Bricn 1 11 6 1 13 3 National 0 7 0 0 11 0 BREWERIES— Ne\v r/ Zoaland 2 8 9 2 9 0 Staples and Co 1 16 3 1 16 9 Ward and Co 2 1 0 — Sunshine — 0 15 0 MISCELLANEOUS— Burns. Philp and Co. 2 5 9 2 6 6 British Tobacco (Aust.) (ord.) 2 2 8 2 3 2 Dental and Medical Supply — 0 14 0 Electro. Zinc (ord.) ... 1 12 6 — Ditto (pref.) 1 13 7 1 14 0 Howard Smith (ord.) — 1 8 3 N.Z. Drug 3 9 6 — N.Z. Express (ord.) ... — 0 19 3 N.Z. Paper Mills 0 16 0 — Sharland and Co. (ord.) — 1 0 6 Wilson’s Cement 1 18 3 — MINING— Mount Lyell 1 13 9 1 15 0

’ Aug. 13. Par. Brussels, belgas to £1 ... 34.90 35 Paris, francs to £1 124.25 124.21 Stockholm, knr to £1 18.14 18.12 Oslo, knr to £1 18.19 18.12 Copenhagen, knr to £1 ... 18.19 18.12 Berlin, reichsmarks to £1 20.39 20.44 Home, liro to £1 ......... 92.78 25.225 Calcutta, pence to rupee .. 17 15-16 18 Yokohama, pence to yen 22 15-16 24 Hong-Kong, pence to dol 24i 24 Montreal, dollars to £1 4.851-8 4.866 New York, dollars to £1 4.85 7-16 4.366 Amsterdam, florins to £1 . 12.10| 12.107 Batavia, florins to £1 ... 12.11 12.107 Prague, knr. to £1 163? 24.02