DAIRY REPORT.

Star (Christchurch), Volume LXVI, Issue 20624, 27 May 1935, Page 9

DAIRY REPORT.

South Island Association Accounts. THE YEAR REVIEWED. The annual report of the South Island Dairy Association states that the profit and loss account shows a credit balance for the year of £B3 11s Bd. All reasonable provision has been made for depreciation in the value of goods in stock and other assets. The directors recommend that the surplus of £B3 11s 8d be transferred to the capital fund account, which will then amount to £14,341 12s 7d. “For some years now,” the report states, “the surpluses on the profit and loss account have been small as compared with previous years, when conditions made it possible to set aside substantial sums for the building up of the capital fund. Since 1928 expenses have been reduced by as much as 30 per cent, but owing to circumstances beyond our control the fall in revenue has been greater. It does not seem possible to cut down expenses further without curtailing the service which members are now receiving, and if the association’s present financial position is to be maintained we must have the full support and co-operation of all members. “There .are now 103 factory companies on the register, being one less than the previous year. Marketing Regulations. “The Dairy Produce Board will no doubt acquaint the industry in due course with its conclusions regarding the results of the regulations which have been in operation during the present season. As you are aware, the factory outputs for the season were allocated by the board to certain consigning agents in the United Kingdom who are members of the New Zealand Dairy Produce Importers’ Association, the basis of the allocations being the quantities handled by the respective agents for the previous year. One of the principal objects of the regulations is to ensure that no agent shall receive quantities of produce for sale in excess of his- capacity to dispose of same to the best advantage. The allocations, however, are subject to subsequent f.o.b. and c.i.f. sales. Factories may effect such sales through agents other than those to whom their outputs have been allocated on consignment, and it seems to us that this must nullify the object aimed at. The experience this season has been that as the result of f.o.b. sales which took place, some agents have had their allocations considerably reduced, whilst others who made f.o.b. purchases will handle quantities much in excess of their allocations. That is a matter which we think will have to be rectified if the board’s scheme is to be a success. “The retiring directors this year are Mr John Smith and Mr A. P. Fleming, who are seeking re-election. Mr H. C. Anderson, Stirling, has also been nominated.” DAIRY PRODUCE. Overseas Quotations. The New Zealand Dairy Board has received the following market report from its London office dated May 24: Butter. May May Last 24 17 year New Zealand— s. s. s. s s « Salted 79-8 1 77-78 70-71 Deliveries 79-S2 7S-S0 71-74 (tons) ISOO 1967 1700 In store (tons) 7SOO 7095 10,791 Australian—Salted 78s-Sos (755-765) un salted 7Ss-79s (735-765). Deliveries Australian 1950 tons (1840) and in store 8300 tons (6936). Market firm. Good demand. Argentine—Unsalted 71s-73s (steady) (70s-735). Irish Crea m —Salted 78s-3i>s (775). Danish —97s to 9Ss spot, 7 ‘f 7 Ss f.o.b (89s-695). Dutch—Unsalted 7 Os-7 7 s (675-755). SiberianSated 1 2s-75s (68s-70s). Ukranian— Salted 725-74 s (G7s-GSs). Lithuanian Unsalted 72s to 74s ex 76s (70s-72s>. Estonian—Salted73s to 745, unsalted 74s Market firm. Danish retail price unchanged is. New Zealand retail price unchanged lOd. Cheese. May 24 May 17 Last year New Zealand— s. s. s. s. s. White 43-43$ 4 5 425-43 Coloured .... 44-44$ 44 42 Deliveries (crates) 17,936 22,474 21,541 In store .. 178,394 1C9.620 135.340 Australian—White 41s Gd-42s (425), coloured 42s (4 2s-435). South Africa— White 425. Canadian—White 625-64 s (Gls-645), coloured 60s-64s (60s-625). Deliveries* Canadian 4586 boxes (5004) and in store 60,087 boxes (106,858). Market quiet. New Zealand retail price unchanged 6d. London also advises that 44 80 casks butter were shipped from the Continent to New York this week. The board has also received the following advice from its agents in Canada:—Butter 263 cents New York, 21 cents Montreal. FRUIT EXPORT. Prices in Britain. LONDON, Mav 25. Apples are in good demand. London. Liverpool and Hull prices are practically the same. New Zealand—Jonathans Ss 9d to 11s 9d, Stunners 9s 3d to 11s 6d, Delicious 1 0s 3d to lls Gd. Cox’s 17s 6d to 18s 6d, Granny Smith lls to 13s. Australian—Cleopatras 8s to 11s 3d, Scarlets 8s 9d to 10s 6d, Cox’s 18s to 19s Alfristons 8s 6d to 10s 3d. Stunners Ss Gd to 10s 9d, crabs 8s 9d to 10s 6d, Ribstons 8s to 9s 9d, Jonathans 6s to 10s Gd, Dunns Ss 9d to 10s 9d, Granny Smith 10s to 12s 6d, Delicious Ss 6d to 10s 3d, Romes 8s 9d to 9s 9d, London Pippins 9s to 9s 9d. Pears—There is better demand, but many lots are somewhat advanced in condition, necessitating quick sale. New Zealand—(Boxes) Josephine’s 8s to 10s 6d, Winter Nelis Ss to 9s 3d, Winter Cole 7s 6d to Ss. Australian—Cornice 9s 3d to 10s 6d, Bose s i s to 10s, Winter Cole 7s 6d to 10s. Anjou 10s to 10s 9d. Nelis 7s to 9s Packham’s 6s 9d to 10s. METAL MARKET. London Quotations. Metal Exchange follow, those previously cabled being T^e*^ 1 r P ur P° ses °f comparison;— May 24. May 23. j

Pig iron.—Home 67s 6d. export 62s 6d. Antimony—Bril ish £76 10s. foreign £47 10s. Molybdenite 34s 6d per unit. Walfram 30s 6d per unit.

Copper — Standard, spo Standard, f’w’ Electrolytic . to Wire bars . . . Spot Forward Spelter — (Per ton.) ((Per'ton.) , t m. a. £ s. d a i 4 4,S 1 J* i 4 «,S . 37 15 0 37 12 6 • 38 5 0 37 35 0 . 36 5 0 37 15 0 • 14 3 3 34 11 3 . 15 12 6 H 12 6 ‘ • 1326 1513 231 32 6 232 0 0 . 224 0 0 224 7 •>