Commercial DAIRY FACTORY COMPANIES

Southland Times, Issue 25748, 11 August 1945, Page 3

Commercial DAIRY FACTORY COMPANIES

ANNUAL REPORTS The following annual reports of dairy factory companies have been received:— PINE BUSH The average payment for all grades of butterfat this season has been 1/4.10d per id. It is estimated that a further 2.06 d may be paid, making a total for all grades of V 6 ’ lba * In forming this estimate the dairy produce unshipped at balance date has been valuea on the scale of prices guaranteed by tne Government, after making allowances tor estimated charges “ until time 'of shipment. The amount of final payment for cream is not known and has not been taken into account. The farm costs allowance o.f 2 - bb7c f made by the Government will bring the total estimated return to suppliers to 1/9.047a. The intake this season shows a slight increase on that of last season. produced during the ’ season 211,8371 b ot cheese or approximately 947 a tons. Of a total of 1321 crates of cheese sent to the coot stores, Bluff, for shipment 22 crates, or nearly 1% per graded 94 points finest; 370 crates, or approximately 28 per cent., 93/93% points finest; 785 crates, or approximately 59% per cent., 92/92% points first; 5U crates, or 3% per cent., 91/917a points first, and 94 crates, or slightly over 7 per cent., under 91 points. ISLAND The advance payment (excluding Government farm costs allowance of 2;887d) gives an average for all grades of l/5.12d. It is estimated that a further 2.78 d may be paid, bringing the average for the season up to l/7.90d. In forming this estimate, the cheese unshipped at balance date has been valued on the scale of prices guaranteed by the Government, after making allowance for estimated charges until time of shipmem. The farm- costs allowance of 2.887 d made by the Government gives a total estimated return to suppliers of 1/10.787d. There was produced during the season 714,4361 b, approximately 319 tons of cheese. Of a total of 4440 crates of cheese sent to the cool store for shipment, 38 crates, or 0.86 per cent., graded 94% points finest; 418 crates, or 9.41 per cent., 94 points finest; 2008 crates, or 45.22 per cent., finest 93/937a points; 1821 crates, or 41.02 per cent., 92/92% first; 9a crates, or 2.14 per cent., 91/9172 points first and 60 crates, or 1.35 per cent., under 91 points.

OTARA The payment of butterfat this season has averaged l/4.11d a pound for air grades (excluding Government farm costs allowance oi 2.887 d), and it is estimated that a further 2.59 d may be paid, making a total of l/6.70d. In forming this estimate the dairy produce unshipped at balance date has been valued on the scale of prices guaranteed by the Government, after making allowance for estimated charges until time of shipment. No provision has been made for federation bonus, the amount of which is not yet known. The farm costs allowance of 2.887 d made by the Government brings the total estimated return to suppliers up to l/9.587d. The intake of milk shows a slight decrease on that of last season. There was produced during the season 417,1011 b of cheese, or approximately 18674 tons. Of a total of 2614 crates of cheese sent to the cool stores for shipment, 106 crates, over 4 per cent., graded 94 points finest; 1155 crates, or over 44 per cent., finest 93/9372 points; 1268 crates, or approximately 4872 per cent., first 92/927a points; 60 crates, or under 272 per cent., first 91/9172 points; and 25 crates, or under 1 per cent., under 91 points. WRIGHTS BUSH

The advance payment for butterfat this season for all grades has averaged l/3.80d a pound butterfat. It is estimated that a further 3.73 d may be paid, making a total of 1/7.53d. In forming this estimate, the dairy produce unshipped at balance date has been valued on the scale of prices guaranteed by the Government, after making allowance for estimated charges until time of shipment. Cheese for local sales was valued at 8d a pound. The farm costs allowance of 2.887 d made by the Government, which was added to the monthly payments to suppliers, will bring their total estimated return to 1/10.417d a pound butterfat. The intake of milk shows a decrease on that of the previovus season of approximately 7 per cent. There were produced during the season 631,3861 b, approximately 282 tons of cheese. Of a total of 3936 crates sent to the cool stores for shipment, 511 crates, or 13 per cent., graded 94 points finest; 1888 crates, or 48 per cent., 93/9314: points finest; 1524 crates, or 38% per cent., 92/92'/2 points first; and 13 crates, or slightly over % per cent, under 91 points. The directors recommend a dividend of 2Vs per cent, to be paid to shareholders on their paid-up capital, absolving the sum of £42.

OTAGO PRODUCE MARKETS

SMALL CONSIGNMENTS OF WHEAT (P.A.) DUNEDIN, August 10. Small consignments of wheat are still arriving on the market, and as these have all been threshed from stack the quality is reasonably good. With the arrival of Canadian wheat in the Dominion it is not expected that millers will go short of their requirements before next harvest is available. It is difficult as yet to estimate the extent of the spring sowing in the Otago district, as the farmers are still in the course of preparing the ground. Releases of fowl wheat are ample to keep the local market supplied. Sales of oats are slow, particularly for undergrade lines. There is a move at present to persuade the Government to permit the export of a limited quantity of oats to Australia, comprising feed Gartons, Duns and Algerians. Stocks of these are accumulating throughout the South Island and there is very little outlet for oats of this quality in the North. . Ample supplies of chaff are offering, but the demand is strictly limited as there is no shipping inquiry. Prices remain unchanged at up to £7/10/- a ton, ex truck, Dunedin, sacks extra, for best quality. Supplies of good quality potatoes on the local market are still short of requirements. Consignments are being received from Canterbury and Southland, as well as from local districts. The seed market continues quiet, with little interest being shown by overseas _ buyers. Odd inquiries are still being received for Italian ryegrass, high-testing perennial ryegrass and Montgomery red clover, but no interest is being displayed in cocksfoot, crested dogstail, Chewings fescue or Browntop.

COMPANY DIVIDENDS 7 (P.A.) WELLINGTON, August 10. A dividend of 9d a share will be recommended at the annual meeting of Radio (1936) Ltd. A dividend of 1/3 a share is being recommended to the shareholders of Standard Insurance Co., Ltd., at the annual meeting. STOCK EXCHANGES DUNEDlN—Westport Coal (100), £l/7/-. Sales reported: Bank of New Zealand (late Thursday) (200), £2/10/-; Bank of New Zealand (100), £2/10/-; Bank of Njsw Zealand (100), £2/10/-; Bank of New Zealand (200), £2/10/-; Bank of New Zealand (300), £2 10/1; Bank of New Zealand (525), £2/10/3; New Zealand Government 3 p.c. Stock 195558 (£2OOOl, £99/17/6; Mt Morgan (200), 8/-. CHRISTCHURCH—3 p.c. Victory Loan 195659 (£400), £9B/17/6; New Zealand Breweries (50), £2/7/3; Broken Hill Proprietary (100), £2/7/-; Mount Morgan (1040), 8/-. Sales reported: 3 p.c. Victory Loan 1956-59 (£300), £9B/17/6; 3 p.c. Bonds 1952-55 (late Thursday) (£2000), £9B/17/6; 3 p.c. Victory Loan 1955- (£3200), £99/17/6; S’A p.c. Stock 1956- (£3000), £101; 3'Zi p.c. Bonds 1956-5 J (late Thursday) (£1000), £101; New Zealand Breweries (150), £2/7/3; Electrolytic Zinc (pref.) (100), £2/19/l’/2: Frozen Products (200), £1; Woolworths (South Africa) (100), £l/13/-; Rawang Tin (200), 9/-; Anthony Hordern (100), £l/2/-; Bank of New Zealand .(100), £2/10/-. „ „ WELLINGTON—Late sales Thursday: 3 p.c. Stock 1955-58 (£5000), £99/17/6; National Insurance (100), £l/7/3; Woolworths Ltd., £l/5/3; Bank of New Zealand (140), £2/10/-, New Zealand Breweries (150), £2/7/3; Tlmaru Woollen (100), £l/0/3; Frozen Products (200), £1; Woolworths Holdings (South Africa) (150), £l/13/-. AUCKLAND—Victory 1 949 ' 50 (£2000), £99/5/-; do. 1950-51 2Vi p.c. (£1500), £97 (2); do. 1955-58 3 p.c. (£5000), £ 100; do. 1956-59 3 p.c. (£300), «99; Stock 1946-49 4 p.c. (£400), £lOl/12/6; do. 1949-52 4 p.c. (£200), £lO3/17/6; do. 1952-55 4, p.c. (£400), £lO5/15/-; do. 1954-58 4 p.c. (£200). £10? 2/6; Bank of New Zealand (300), £l/10/(2); Union Bank (50), £B/6/6; South British (65), £4/9/6; Renown Collieries (ord.) (100), 12/5 Auckland Gas (345), 7/7’A; .National Timber (100), 8/6; Ballins breweries (150), 17/9; Broken Hill Proprietary (100), £2/7/4, Bums Philp (200), £3/13/-; Colonial Sugar (4), £6l; Dunlop Rubber (200), £l/7/9, Fletcher Holdings (900), £l/12/- (2); G. J. Coles (150), £3/12/- (2); Henry Jones (100), £2/16/-; K.D.V. Boxes (100), 11/-; Milne and Choyce (ord.) (250), £l/12/9; M.K. Manufacturers (100), 8/5; Woolworths N.Z. (700), £l/5/6 (2); Woolworths (Sydney) (900), £l/5/3 (2); W. R. Carpenter (lo 0 £2/4/6.