DAIRY INDUSTRY

New Zealand Herald, Volume LXXV, Issue 23113, 11 August 1938, Page 9

DAIRY INDUSTRY

POOR JULY OUTPUT NORTH AUCKLAND RESULTS , EFFECT OF WET MONTH [FHOJI OUR OWN COItItKSPONI)KNT] WIT ANO A R KT, Wednesday A decrease in production for July is recorded by the various butter factories operating in the Whangarei district. This is attributed to the wet, cold weather during the month, following a rather mild early winter. Ihe hungiirei Company, which operates in the central part of the territory, manufactured 37 tons loewt. of butter last month as compared with -I'} tons lOcwt. during the previous July. Tho Hikurangi factory produced 25 tons llcwt., a drop from the 29 tons Bewt. the previous year. Production at this factory has for the beginning of August shown an increase over the same period of lust year, due to the improvement in the pasture growth, and if this increase continues the loss for July should be overtaken within a short period. The Waipu Company's output for July was 8.1 tons, a decrease from the 10 tons of July, 1937. TATUA ANNUAL MEETING ' CHEESE MANUFACTURE COSTS [BY TEI. KG It A I'll —OWN CORK KS POND K.N t] MORHINSYILLE, Wednesday At the annual meeting of the Tatua Co-operative Dairy Company, Limited. Mr. W. Dan-all was re-elected chairman. Mi'. Dnrrall said that the guaranteed price scheme had this year, taking into consideration the approximate halfpenny recently paid by the Marketing Department, given a little less return than dairy produce would have realised under a free market. It was understood that there was still a surplus in the dairy account, but he did not think that dairy farmers youkl get it. Cheese suppliers were definitely not getting the 2d over butter prices usually expected, as the last award had increased the cost of manufacture for the whole season. Mr. W. Dan-all and Mr. J. Hart were reappointed directors, and Mr. T. J. Ryan auditor. BRITISH CONSUMPTION LESS BUTTKII AND CHEESE LONDON, August 0 Britain ate less butter and cheese and fewer eggs 111 1937-3S than in 1936-37, but the consumption of margarine increased, says the Imperial Economic Committee, in its report on dairy produce. Butter imports were tho lowest since 1933. though Empire supplies were only slightly a fleeted. Home production of butter and cheese declined considerably. Purchasing power also declined. The British fruit season in 1937-38 was one of the worst for a generation. The failure of crops jiot only hit farmers but also the jam industries. LIVESTOCK TRADE FIRM MARKET IN NORTH FEED REMAINS FAIRLY SHORT [ 11Y TELEGRAPH OWN CORRESPONDENT] WHANGAREI, Wednesday A fairly large importation of East Coast run cattle is being made to North Auckland this week. In a few days a consignment of about 108 Polled Angus and Hereford rising two-year-olds is expected at Tangowahinc on account of a district farmer, these having been shipped from Gisborne. "A p;ood deal of store stock went away from the North during the winter," said tho agents handling the transfer. "In addition, general weather conditions have brought about a considerable shortage of feed 011 tho East Coast, consequently the market is much easier down there than here.*' The dairy market in the North is also firm. Although prices slipped back a few weeks ago they have now more than recovered and values are somewhat higher than at this time last year. Agents consider this to bo largely duo to the manner in -which North Auckland dairy resources -were drawn on by Waikato buyers and others to build up their herds after the heavy losses of -lie late summer facial eczema outbreak. Although tho fine -weather of the week-end has made a difference, there being a marked response in tho growth of grass, feed remains fairly short in the North 011 account of excessive moisture. MINING NEWS KING SOLOMON LIQUIDATION The liquidators of .King Solomon Deep Lead, Limited, Gore, in a report to shareholders, announce that a distribution of Id a share has been made. Hie auction sale of the company's plant and buildings in July, 1937 realised £1438 net, which they claim must be considered satisfactory. As soon as other equipment was'disposed of ,the liquidation could be completed. The company, which was formed in 1929, had a capital of £13.000 in 260,000 shares of Is each. It went into liquidation in May last year, the most profitable part of its ground having been worked. AUSTRAL NEW ZEALAND DREDGE An announcement that tho launching of the dredge hull being constructed for Austral New Zealand Klining, Limited, on its Clutha property, is expected to take place next week, was made at the annual meeting of the company in Christchurch earlier this week. Mr. J. D. Richardson, deputychairman, presided. He said tho excess in cost of the dredge over the estimate was regrettable, but there was comfort in the fact that the price of gold was now higher than the highest figure taken in the prospectus. Concerning the general policy of New Zealand so far as it affected mining, Mr. Richardson said he did not \>-isli Lo say very much in view of the impending election. Assuming that outside capital was desired for the development of the country, it was hoped that which ever party was returned to power would realise that such capital could only be obtained when the prevailing conditions gave security and a fair return for properly conducted enterprise. YIELDS OF COMPANIES Black water Mines (Reefton). —Return for July: Crushed, 4352 tons, yielding 1409 fine ounces of gold, the value of which, at 141s a fine ounce, was £10,35(5. Working expenses were £7145, leaving a working profit of £3211. Capital expenditure was £1955 and development £BBB. Clutha Dredging (Otago).—loGoz. for 141 hours. (West Const). —2750z. from 57,371 yards in 137J hours. Goldfields Dredging (Otago).—lßoz. lOdwt. for 122 hours.