BUTTER AWARDS IN MANAWATU

Southland Times, Issue 23839, 9 June 1939, Page 3

BUTTER AWARDS IN MANAWATU

BAY OF PLENTY WINS N.Z. CHAMPIONSHIP GOLDEN BAY AT HEAD OF SOUTH ISLAND FACTORIES (United Press Association) PALMERSTON NORTH, June 8. Butter awards at the Manawatu winter show were: New Zealand championship.—Bay of Plenty 95.5, United 95.3, Rodney 95.1, Okitu 95. Cunard Rose Bowl (highest points for best box of export salted butter). Rangiwahia-Ruahine. Gold medal district specials.—Mangorie (Taranaki), Okitu (Auckland), Tamaki and Rangiwahia-Ruahine equal (Wellington-Hawke’s Bay), Golden Bay (South Island). Managers’ points class.—United (J. Swede) 473.7, Okitu (G. Forbes) 473. Assistants’ points class.—Awahuri (C. Pain) 189.3, Golden Bay (L. Pollard) and United (E. Hutchison) equal 189. Wallace Smith Cup for former Massey College students.—Rodney Dairy Company (J. Halligan). Box of salted butter. —Rangitikei 95.5, Golden Bay 95.3, United 95.1, Rongotea 95, Rodney 94.8. Box of pats.—Okitu 95, Collingwood 94.8, Tamaki 94.7, Arahura 94.5. Box of export salted butter.—Rangi-wahia-Ruahine 95.5, Tamaki 95.3, Okitu 95, United 94.8. Box of export butter (Factory Managers’ Association members). —Levin 95, Ngatiporou 94.8, Rongotea 94.7, Okitu 94.5. Box of export butter from bulk.—Bay of Plenty 95, Kuku-Manakau 94.8, United 94.5. Box of specially made butter under most favourable conditions. —Collingwood 95, Konini 94.8, Levin 94.7, KukuManakau 94.5. Box by first assistant. —United 95. Konini 94.8, Taihape 94.7, Awahuri 94.5. Box for local trade (assistants only). —Golden Bay 95, Awahuri 94.8, Mangorei 94.7, Levin 94.5. McEwan special prize.—United 95, Awahuri 94.8, Rangitikei 94.7, Collingwood 94.5. The judges, officers of . the Dairy Division, stated that considering the very dry weather during the period the butter was manufactured for ‘ show, quality generally was good in flavour, body and salting. All classes left little to be desired. THE METAL MARKET (Received June 8, 6.30 p.m.) LONDON, June 7. Metal quotations are as follows./— June 6 June 7

THE WOOL MARKET COMPETITION STRONG AT SYDNEY (Received June 8, 9.40 p.m.) SYDNEY, June 8. At the wool sales 6980 bales were offered and 5652 were sold, also 633 privately. Competition was strong and general and prices were very firm. Greasy Merino made up to 17d. The average prices for the first three days this week were £lO/17/5 a bale and 8d per lb. SYDNEY PRODUCE MARKETS (Received June 8, 9.50 p.m.) SYDNEY, June 8. The wheat market is almost at a standstill but values are unchanged. Silo grain is quoted at 2/6J a bushel and bagged at 2/8.1. Other quotations: Flour—£l2/10/- a ton. Bran and Pollard —£4/5/- a ton. Potatoes —Tasmanian, £lO a ton. Onions —Victorian brown, £lB a ton; Egyptian, £22. Maize—White, 4/2 a bushel; yellow,

WYNDHAM WINS AWARDS Success In Cheese Classes NATIONAL DAIRY SHOW IN NORTH ISLAND (United Press Association) PALMERSTON NORTH, June 8. “There was an increase in the number of exhibits staged this year,” said the judges of the cheese classes at the national dairy show. “The quality generally was up to the standard of the previous show, the winning exhibits being exceptionally good. Although most cheeses were free from mechanical openness, many showed evidence of slitty and shattered texture. Flavour, with few exceptions, was satisfactory. Comment has previously been made about the lack of attention given to finish and this defect was again in evidence, several entries being penalized for this reason.” Results were:— George Woods Memorial Cup.—Westmere Dairy Company (C. S. Dickinson, manager), 198.008 points; Maharahara Dairy Company (R. A. Joblin, manager), 186.658. New Zealand Co-operative Rennet Co. Cup.—Wyndham Dairy Company (F. C. Milne, manager), 94.5. New Zealand Shipping Company Cup. —Lochiel Dairy Company (P. Barclay, manager), 188.8. Cheese championship of New Zealand.—Westmere Dairy Company (C. S. Dickinson, manager). Managers’ points prize.—Pahiatua Dairy Company (L. J. Heayns, manager), 375.3; Wyndham Dairy Company (F. C. Milne, ‘manager), 375. South Island points prize.—Wyndham Dairy Company (F. C. Milne, manager), and Lochiel Dairy Company (P. Barclay, manager), equal. J. B. Macewan’s special prize.—Featherston Dairy Company (A. J. Hawke, manager), and Wyndham Dairy Company (F. C. Milne, manager). COMPANY NEWS WILSON’S CEMENT (United Press Association) AUCKLAND, June 8: Wilson’s Cement Ltd., shows a net profit for the year ended March 31 of [ £56,552, after providing £41,981 for taxation. Last year’s profit was £55,442. The dividend at 6£ per cent, for the year is unchanged. PETERS ICE CREAM (United Press Association) AUCKLAND, June 8. Peters Ice Cream Company shows a net profit of £lB9 for the year ended April 30, compared with £3587 last year. The dividend is 5 per cent., compared with 10 per cent, last year. GEAR MEAT (United Press Association) WELLINGTON, June 8. The Stock Exchange Association advises that the directors of the Gear Meat Company decided today not to declare a dividend until the figures for the year are available. The restriction on the exports of mutton make it impossible to predict the result, but if the carry-over of mutton is not too great the directors hope to recommend a satisfactory dividend at the end of the year. GOLDSBROUGH MORT (United Press Association) WELLINGTON, June 8. The directors of Goldsbrough Mort propose to recommend a final dividend of 2J per cent., making 4| per cent, for the,year. McKENZIE’S DEPARTMENT STORES (United Press Association) WELLINGTON, June 8. At the annual meeting of McKenzie’s Department Stores, the annual report showed that after making all reasonable allowances and providing for known contingencies, the trading companies finished the year with a net profit of £81,863. The recommendation of a final dividend of 7 percent, was approved. DEVONPORT STEAM FERRY (United Press Association) AUCKLAND, June 8. A lower trading profit is reported by the Devonport Steam Ferry Company Ltd., in its annual report and balancesheet for the year ended March 31. The net earnings were £3482 lower,' amounting to £16,457, after allowance for depreciation on the steamer’s plant and freehold property, also directors’ fees. With £2750 received upon mortgage written off and £2313 brought in, there is £21,520 available. The directors recommend a final dividend of 2| per cent., making 5 per cent, unchanged for the year. TRADE CONTROL SCHEME EFFECTS NOW BECOMING NOTICEABLE Effects of the Government’s trade control scheme are now becoming noticeable in trade returns (states The New Zealand Herald), and imports for the first quarter of this year were more than £1,000,000 lower than in the same period of 1938. Most countries have suffered from the import restrictions, but two notable exceptions are Germany and Canada, where more has been purchased so far this year than in the same period of the past two years. Imports from Empire countries have been reduced by over 6 per cent., while those from foreign countries are over 11 per cent, lower. The loss to the Empire in comparison with last year has been £613,882 in the first quarter, while foreign countries have suffered to the extent of £399,860. RECENT MOVEMENTS The following table compares imports from the seven principal sources in the first quarter of the past three years, the figures being in £OOO New Zealand currency:—

Although Britain has suffered most in total value, the percentage decline in imports is less than other leading purchasing countries. A significant movement, is the increase in imports from Germany at a time when most of the other countries are having their

trading restricted. For the first quarter of this year New Zealand had an unfavourable balance with Germany of £67,597, compared with a favourable balance of £277,602 in the first quarter of 1938. SETBACK TO AUSTRALIA Of the other countries Australia shows the largest setback, but, in marked contrast, is the rise of more than £475,000 in imports from Canada in the first three months of this year. New Zealand’s adverse balance with Canada at March 31 was £1,334,035 as against only £650,348 a year previously. The position has been aggravated by a decline in exports to that country. Japan and America have suffered about equally imports from these countries having been reduced by over 18 per cent. Although import restrictions were in force throughout the first quarter of this year, the trade returns show that in addition to Germany and Canada more goods were also obtained than in the same period last year from France, Italy, Denmark, Norway, the Netherlands, and the Netherlands East Indies, as well as a few smaller purchasers, although in comparison with the first quarter of 1937 purchases from Italy are lower this year. COLOMBO ,TEA AUCTION J. Rattray and Son Ltd., Invercargill, report having received the following cabled report of the tea auction held in Colombo, on Tuesday: Improved seasonal quality offered with continued heavy supplies; strong demand for lower grades with advances of 3d per lb; medium and fine teas steady with prices unchanged; quantity 3,000,0001 b; next sale, 3,000,0001 b.

A ton. A ton. £ s d £ s d Copper— Standard, spot 42 4 4*,4 42 7 6 Forward 42 10 7’/2 42 13 1’4 Electrolytic 47 15 0 48 10 0 to 48 15 0 48 15 0 ■Wire bars 48 15 0 48 15 0 Lead— Spot 14 6 10’/ 2 14 6 10*/ 2 Forward 1 14 10 7*,4 14 11 10’,4 Spelter— Spot 14 1 3 14 3 1*4 Forward 14 5 7*,4 14 7 6 TinSpot 225 12 6 225 7 6 Forward 223 7 6 223 12 6 Silver— Fine, per oz 20d 19 15-16d Standard, per oz 21 9-16d 211 id

1939 (3mths) 1938 (3mths) 1937 (3m ths) Britain 6678 7389 7037 Canada 1639 1164 1035 Australia 1517 1868 1252 America 1368 1617 1260 Germany 285 245 18? Japan 279 347 387 Belgium 166 220 156