DUNLOP-PERDRIAU

New Zealand Herald, Volume LXXVII, Issue 23774, 30 September 1940, Page 3

DUNLOP-PERDRIAU

RUBBER STOCKS PURCHASED RESOURCES CONSERVED A good stock position was reported by Mr. W. A. Watt, chairman of the Dunlop, Perdriau Kubber Company, Limited, at the annual meeting in Melbourne. About £200,000 of the increased stocks, he stated, represented well-bought parcels of crude rubber, and £IOO.OOO other overseas supplies, mostly cotton. Uncertainty of shipping deliveries had made it necessary to avoid any shortage at the mills and branches, and so far this has been successful, he said. , _ Ln the last financial year, prices of crude rubber generally tended upward. In July, 1939, the spot price was Bid per lb. and, at the beginning of the war, it had risen to 10Jd. The highest price was 14gd in June. The International Committee increased releases for permissible export several times in the year, and various changes had occurred since July. At present the quota was 85 per cent, but for October, November and December, it would be 90 per cent. '-By refraining from distributing a portion of the profits, Mr. Watt added, "a good-size backlog for the company's hearth" was being provided, and it would give more assurance and comfort in uncertain times.

CHEESE PRODUCTION 4000 TONS EXTRA NEW ZEALAND COMPANY [FROM OUR OWN CORRESPONDENT] HAMILTON, Sunday "Provided that the seasonal conditions continue to be favourable, there is every prospect that the company will produce 4000 tons of cheese in addition to the 14,569 tons which represented the output of its cheese factories last season," said Mr. C. J. Parlane, general manager of the New Zealand Cooperative Dairy Company, Limited, yesterday. Mr. Parlane said the suppliers had made a splendid response to the appeal for a greater output of cheese and, aided by an excellent spring, production had exceeded all previous records. Of the company's 24 cheese factories, all but one were working with full vats, and night shifts had been commenced in several of the factories in order to cope.with the immense amount of milk that was coming forward. Several factories had been enlarged to accommodate further vats, and increased storage capacity, and it had been found already that the enlarged premises were needed. It was unusual at this time of the year for all the vats to be filled, but it looked as if the peak of the season would be earlier than usual. With an output of nearly 19.000 tons of cheese from 'one company, the indications were that the request for an increased output of 10,000 tons from the Dominion would be complied with. Mr. Parlane paid a tribute to the efforts made by the farmers to respond to the appeal.

COUNTRY STOCK SALES WAIHI AND TIRAU OFFERINGS Tho Farmers' Auctioneering Company reports that at' Waihi there was a heavy yarding of all classes of cattle. Competition for fa' and store cattle was steady, late rates being maintained. A large entry of service bulls elicited spirited competition, a very good sale resulting. Dairy cattle, although comprising mostly poor-conditioned and backward sorts, also met a ready market. Light fat cows, £S to £S 15s: fat Jersey cows. £5 to £6 17s 6d; medium fat heifers, £5 15s to £0; store heifers and cows, £4 10s # to £5; boner cows, £3 to £-1 ss; yearling Jersey heifers, £5 to £o Is; yearling Shorthorn and Ayrshire heifers, £4 7s Gd to £•1 10s; small yearling Jersey heifers, £4 7 s to £.l 14s; three-year Shorthorn steers, £.•> 12s Gd: poor-conditioned 2%-yea-r Jerseycrosfi -Shorthorn steers, £5; pedigree two-year Jersey bulls, 28 guineas; pedigree IS months Ayrshire bulls, 12' A to 14 guineas; older pedigree Jersey, lG guineas; two-year Jersey grade, £l3 15s to £l6 10s; three-year Shorthorn grade, £S 10s to £9 10s; Friesian grade, £9 ss; older Jersey grade, £S to £lO ss; yearling Jersey and Shorthorn grade. £6 to £7 15s; yearling Ayrshire grade, £7 17s Gd; poor-conditioned yearling Jersey and Jersey-cross, £4 17s Gd to £5 7s Gd. Springing Jersey hoifers, £ll 10s to £ll 15s; poorer, £6 to £7 15s; springing Friesian and Shorthorn heifers, £S 10s to £9 ss; springing Jersey cows, £9 5s to £lO ss. Large store pigs. £2 10s to £2 12s; slips, 35s .Gd; weaners, Ss to 27s Gd; fat hoggets, 2Ss. At the company's Tirau sale there was a medium yarding of second quality beef and lioner cattle. A pen of 17 extra choice yearling Jersey heifers, offered on account of Mr. D. . O'Sullivan, Okoroire. sold under spirited competition at £S 4s. Light steers, to £11; light cows, £5 2s to £5 16s; boners, £2 Us to £4 ISo: best service Jersey bulls, aged, £1 L 5s to £l4; yearling Jersey bulls, £7 lOs to £9; yearling Jersey heifers, £5 12s (id to £8 4s. Medium quality Jersey and Jersey-cross heifers, £lO to £ll 10s; more backward, to £9 10s; Jersey and Jerseycross cows, £lO to £lO 17s 6d; later calvers, £9 to £9 OS. HEREFORD PRICES AT KAITAIA The Xorth Auckland Farmers' Co-operative, Limited, in conjunction with Alfred Buckland and Sons, Limited, report having held a store stock sale for Messrs. Keenc Brothers in their K&itaia yards. All classes of stock sold at late rates. The cattle, although driven approximately 100 miles to reach the yards, landed in splendid condition and the quality was all that could be destred. Herefords sold as follows:—Three-year steers, £7 to £7 lis; two-year, £5 to £5 ISs; one-year, £4 to £4 ss; two-year heifers, £4 lOs to £4 15s; yearling heifers, £2 15s to £3 ss; cows and calves, £5 5s to £5 15s; store cows, £4 10s to £5 Bs.

DAIRY CATTLE EASIER The loan and Mercantile Company reports a good yarding of dairy cattle at Papaknra. Prices eased a little, quality being only fair. Best dairy cows, at profit, £ll to £l2 2s (3d; others, £9 15s to £lO 17s Gd; best dajry 1 heifers, £lO 17s Od to £l2; others, 5s to £lO ss. YARRA FALLS RECORD PROFIT A record profit of £117,975 was earned by Yarra Falls, Limited, textile manufacturers, Melbourne, in the year ended June 30. This compares with £115,433 in the previous year. An unchanged dividend of 10 per cent was paid, requiring £IOO,OOO, and £15,000 was transferred to reserve. HENRY BERRY AND CO. Henry Berry and Company (Australasia), Limited, and subsidiaries, show for the year ended June 30 a profit of £37,342, before providing for Australian taxation, but after charging £12,847 for New Zealand taxation. In the previous 12 months net profit was shown at £4513, struck after providing £3179 for income tax. Dividends of 10.4 d a share on A and B preference shares paid by the parent company require £21,033, leaving £16,227 to be carried forward, out of which Australian income tax will bo paid.

LONDON COMMODITY VALUES (Received September 20, 6.30 p.m.) LONDON, Sept. 28 Friday's closing prices were:—Rubber, plantation and smoked, 11 9-16 d per lb.; Para, 12d. Cotton: Tho market is closed until October 1. Linseed oil, £4l 10s a ton. Turpentine, 54s 6d per cwt. EGG PRICES UNCHANGED The Egg Marketing Committee reports thnt there is no change in egg prices. Standard hen and large duck are being quoted at Is 6Jd a doz.en, with usual differentials for other sizes.