THE EXPORT SEASON

New Zealand Herald, Volume LXXIII, Issue 22457, 29 June 1936, Page 5

THE EXPORT SEASON

LOWER SHIPMENTS MADE

ONLY TWO CLASSES HIGHER

PROGRESS FIGURES TO JUNE 15

Returns of meat shipped from New Zealand during the current season continue to show reductions, compared with tlio 1934-35 season, in all classes except chilled beef and frozen pork. Exports from October 1 to June 15 in both seasons compare as follows: —

iuos-30 1031-35 Chilled beef (quarters) 108,870 42,331 Frozen beef (quarters) J42.H08 50N,087 .Mutton (carcases) .. 1,'J8'2,050 3,4-10,01)0 Lamb (carcases) .. 0,215,152 0,080,070 Poik (carcases) . . 451,100 427,082 Honoless beef (bags) 110,002 183,580

Stocks in hand in the Dominion on June 15 wore generally higher than those at June 15, 1935. The killing season is now nearing an end. A comparison of killings in the tw<r seasons to Juno 15 is as follows: —

1035-30 1034-35 Chilled beef (quarters) 111,232 42,331 Frozen beef (quarters) 175,045 282,570 Wethers (carcases) . . 1,12-1,455 023,015 Ewes (curcuses) .. 000,070 1,141,171

Lambs (carcases) .. 8,503,120 8,555,073 Porkers (carcases) .. 430,503 412,050 Baconors (carcases) .. 210,841 147,580 Boneless beef (ft. c/cs) 383,304 237,2-18 [sundries (ft. cascuses) 328,381 277,300

All the killings of chilled beef have been at' North Island works, which have also handled the majority of other stock.

DAIRY COMPANY'S YEAR

THE KAIPARA FACTORY 4 PAYOUT AVERAGES 1/Tho annual report of the Kaipara Co-o]x>rative Dairy Company, Limited, for tho year ended May 31, states that the output of butter was 2521 tons, an increase of eight tons. The quality of the cream supplied has shown an improvement, the more frequent collections helping this considerably. Hie average grading of butter oyer the whole season was 93.55, being .23 above the previous year. There is a balance for distribution of £20,318, which, after provision for a dividend of 4 per cent on paid-up capital, £IOBO, the directors propose to allocate as follows: —A further Id per lb. on December supply, }d on January, 2'Jd oil February, 3d on March, 2}<l on April and on May. These payments make the payout for the months as follows: —June to October, 13d; November, Is; December, lljd; January, lid; February, 11 icl; March and April, Is; May, Is Id. This will make the average butter-fat payout over all grades of 11.88 d per lb., with dividend added .05d and rebate on purchases .15d, an actual monetary pay-out of 12.08 d, which, with cream cartage and railage added, is equivalent to 12.45 d at the farm gate. It is proposed to make the further payment for December on July 20, and the balance on August 20. The directors state that as the market has improved, there is a certainty of the payout being increased, as the unsold butter afloat and in store was taken in at 90s to 100s per cwt. During tho year 3167 shares were allotted, 735 surrendered, 1188 resumed and forfeited. Shareholders not holding the necessary number of shares will be allotted the requisite number. Tho directors arp making a ca!j of Is a share on all shareholders having unpaid shares, the call being duo on August 20. Tho figures of the trading department again show steady growth by an increase in sales of £9500, and the profit made will allow Is in the pound rebate on all purchases made. RECORD PRODUCTION REPORT FROM MAUNGATUROTO [by TELEGRAPH OWN COR-RESrOXDENT] WIIAXGAREI, Saturday A record in production and the total amount paid to suppliers during the season are the outstanding features in the 34th annual report of the Maungaturoto Dairy Company, Limited. The production for the year was 1078 tons, or 2.'i tons in excess of the previous record mado last season. The amount paid to suppliers totalled £98,818, an increase of £25,506 over last year's total. The directors propose paying a bonus of Ijd per lb on all butter-fat supplied, the largest bonus paid by the company for the last 15 years. This will bring the total pay-out to 12.034.d net, exclusive of cream carting. Tho number of suppliers totals 330, an increase of 24 over tho previous season. The average price advanced for butterfat was 10.284 d over all grades, against 7.591(1 Inst season. Suppliers will receive nearly 3d per lb. more for their butter-fat than they received the previous season.

The butter has been of a, very high grade, 92.495 per cent being graded as finest, and 7.505 per cent as first grade. No second-grade butter was made. The increase in the price of butter boxes was mainly responsible for raising the cost of manufacturing per lb. of but-ter-fat from .775 d to .783 d.

CANTERBURY PRODUCE QUIET CONDITIONS PREVAIL [BY TKLEGItAI'It —I'll ESS ASSOCIATION] CIIRISTCIiUKCir, Saturday Business is very quiet in the grain and produce markets at present, few lines having shown any life. Potatoes have weakened mainly because the market in Auckland appears to be in an unsatisfactory state. Supplies aro still coming forward from Ohakune and in the meantime there is little demand for Canterbury potatoes which are meeting competition at lower rates from Timaru and Blulf.

The situation is at present rather ohscurc. Exports to South America have not yet hecn arranged hut negotiations are still proceeding. With fine weather continuing, digging has gone on rapidly and crops have turned out in many areas much better than was expected. In some districts there lias, ol : course, been u complete loss and in many more a partial loss, but the damage will apparently not be nearly as bad as was at first thought. Farmers who, until this week, had been inclined to hold for £5 a ton on trucks, are beginning to meet the market and sales, generally in small lots, have been made at £4 10s a ton with more offering at round that price. Unless there is some export it appears that the market will continue to be uncertain as northern buyers are not propared to pay the prices that are being asked here. The cjnotation is nominally £5 12s 6d to £5 15s a ton f.o.b. Threshing of oats has ceased in the meantime and what little demand exists is meeting a firm market. Chaff is also firm at about £3 a ton on trucks for the best at near stations. Fowl-wheat is weaker and the demand for good whole is very slack, Undergrade meets steady inquiry but the price is inclined to ease also. During the week there was a small overseas inquiry for fescue and dogstail and some shipments were made. The demand caused prices for both lines to riso about Id per lb., but when the increased price was asked inquiry faded. Machine-dressed dogstail is worth SJd per lb. f.0.b.; fescue, 10} d to lid.