THE DAIRYING INDUSTRY

New Zealand Herald, Volume LXXI, Issue 21759, 26 March 1934, Page 5

THE DAIRYING INDUSTRY

TE KUITI SUPPLIERS MEET COMPANY'S INCREASED OUTPUT [from OCR ow.v corresponded] TE KUITI. Saturday A meeting of the Te Kuiti district suppliers to the New Zealand Dairy Company, Limited, was presided over bv Mr. Willis Walker, chairman of the local committee. Mr. Davy, assistant manager, .Mr. Young, director; and Mr. McGill. transport organiser, wore present on behalf of the company. Mr. Davy referred to the difficult times through which the industry was passing, regretting that at the moment the outlook was not bright. Reference was made to the visit of the directors to the district at the invitation of the Te Kuiti Chamber of Commerce, and the decision to erect a factory at To Kuiti when the output reached 1000 tons.

The output of butter by the company showed an increase of 20 per rent this season. In spite of the care exercised in grading there had been a decrease of 2$ per cent in superfine cream. An advance payment of BJd had been made to suppliers, being }d more than last season, which meant the distribution of an extra £215,434. New suppliers, equal to 12,000 cows, had been added this season, bringing the number of suppliers to the company over the 10,000 mark. Mr. Davy added that there was a shipment of sodium chlorate arriving, which would be distributed to suppliers at old per lb., or s£d for 2cwt. drum quantities. Realising the importance of eradicating ragwort, the company was offering extended credit to suppliers, and advised immediate application, as the limited amount of 25 tons now on the water would soon be exhausted.

FACTORY FOR OTOROHANGA POSITION OF TE EXIT! [VROM OUB OWN CORRESPONDENT! TE KTJITI, Saturday During the meeting of Te Kuiti suppliers of the New Zealand Dairy Company, Limited, yesterday, Mr. G. Elliott asked if it were correct that the company had decided to erect a new butter factory at Otorohanga. If so, did that mean a complete set of new plant arid machinery, and what was the estimated cost of the proposal? He asked further what effect would this new decision have on the erection of the promised Te Kuiti factory. In reply, Mr. Davy, assistant manager, stated that while the directors had at their last annual meeting intimated their intention of adding to the Otorohanga factory, it had recently been found necessary to erect an entirely new building. The erection of the Otorohanga factory would in no way affect the erection of the factory at Te Kuiti. Mr. Somerville: Well, I think the promised Tc Kuiti factory should have been commenced first. I feel we made a mistake in passing the resolution concerning the 1000-ton mark when we had the promise of Mr. Goodfellow that we would get a factory when wo reached an output of 750 tons. Replying to a query as to the output of the To Kuiti factory to date, Mr. Davy said that it was 500 tons to January, plus approximately 50 tons from Waimiha and 50 tons from Waitomo Road going to Otorohanga at present, which would come to Te Kuiti when the factory was built.

MILK DISTRIBUTORS SYDNEY BUSINESS DEAL SYDNEY. March 24 Macnamara, Limited, Sydney's oldest milk distributing concern, handling 30,000 gallons a week, has been purchased bv the Dairy Farmers Co-opera-tive Milk Company, -Limited, for £65,000 cash. GOLD AND SILVER QUOTATIONS IN LONDON (Received March 25. 5.5 p.m.) LONDON. March 24 Fine gold is quoted to-day at £6 16s 3d an oz., compared with £6 16s yesterday, and £6 16s 2d on Thursday. Silver was quoted yesterday at 20d an oz. spot and 20 l-16d forward, compared with 19|d and 19 15-16 d on Thursday. Tho quotation for silver at per fine oz. yesterday was 21 9-16 d, compared with 21 7-16 d on Thursday.

CANTERBURY MARKETS LITTLE CHANGE IN VALUES [BY TELEGRAPH —rRESS association] CHRISTCHTJRCH, Saturday A fair amount of business has been done during thei week in small parcels. Quotations for all classes of produce show practically no change. There has been a little inquiry for fowlwbeat for the North Island, but not much is offering from growers. Any coming forward is accepted by merchants on the basis of 3s 3Jd to 3s 4d a bushel, f.0.b., sacks extra, for prompt delivery. Spread delivery is quoted at 3s aid to 3s Cd. Potatoes show no change in values. Quotations are £-1 2s 6d a ton, f.0.b., sacks included, for April-June for whites and £- r ) to £5 2s 6d for JulySeptember delivery.

There is no change in prices for oats and very little interest is being shown in tho market. Chaff is in much tho same position. Oats are quoted at 2s 6d a bushel, Lyttelton, for A grade Gartons and 2s 3d for B grade. BRITISH WAR LOAN British Wireless RUGBY. March 23 War loan, 3} per cent, is quoted today at £lO3 16s 3d, compared with £lO3 15s yesterday. <