DAIRY PRODUCE.

Press, Volume LXIII, Issue 18905, 21 January 1927, Page 12

DAIRY PRODUCE.

OPTIMISTIC REVIEW. DEVELOPING MARKETS. {THE PEESS Special Service] WELLINGTON, January 20. The dairy position to-day is infinitely sounder from all points of view than at any time within the last twelve mouths, states the "New Zealand Dairy Produce Exporter," in a review of the dairy outlook. Prices are on a parity with last January with much more nro miso of stability. A review of all CI warrants a Wy opt^ come is emphasised by the tact, «" value of December's pro ductfon of butter and cheese asde--1 veS to the grading store ,».£*&£ m on shipment thereoj The pa^^ on January 20th to .^ a ?*%„. a ' ( £ ot ent company Tteoember have averseason since mm-uecemoer i*i Tged a shade better than last >ear, irregular, between 162s to 1745, .inu

en occasions l'" 3 -, , \iorl-nt Cheese is a 1 ttto lower. Market ttriclTtm rates of advance approxiKtf tfi£ ruling this time tat W Production this season is greater ami than twelve months ago. *or the nu So a nt£ ended December 31st there w» rrmreS.-neopf Sfiffff £ntiK the good season, compared with last year's poor season, snouiu mean about £1,000,000 more to the TS'rked in quality is being shown tfi¥ season in both butter an,l B cheese, primarily due to the Board's proniiums for qua hty. fcrrau iZ up to December 31st sW that 715 percent, pf all.butter shipped was graded as .48; a ,o cheese, these being, ahead ot »nv previous season <of this penoa.. _ What was likely to be an important factor in this year's marketing: was the widening of the industry's Markets other, than London wpuld'thjs; year absorb approximately 26,000 4pnS'of dairy produce. West Coast of England ports would receive 22,000 tons, a 50 per cent, increase on any year; Canada had fought'so far 2200 tons. New York tons with prospects- of more, and' Australia over' 1000 tons, although none of that might now go. The development' of the West Coast trade was'.considered very ; promising as large industrial markets were? easily, tapped tKerebyr : an,d;the> Board planned to assist such ejpansionvby advertising efforts in the t fij*t of which £6OOO would, be spent in:,fpur, weeks, .and. < would begin at Birmingham this month: ,lis it a market of 2,000,000 people would be reached,..'-.''':'." ■ >■'.'.

PACIFIC CABLE,

FAULT'REMEDIED. ; ITHE PEBSB flpeeltl SerrlcD.] AUCKLAND, January 20. Advice v has been received .by -..the Auckland office of the; Pacifio Cable Board that the cable steamer Faraday has removed Ijhe; slight ' defect; which revealed' itself in the now cable between Suva and Fanning Island,,and that the ressel left Fanning Island this' m'orriiug for Sydney. En route, ■she' will' call kt Suva to deposit in Board's tanks the cable not at present required; Tests on the new cable, which runs fromsSu-va to Bajnfield.Y.British:Columbia, y. Island, -have; given-, aJlVexpeci«tions.. The guarant«wspeedj;dfjthe,cable has been Mcecdedi;by.oti«;h'ulidifed per.'bettt., and! the signals' re'eorde'd on the tapes':at the rate of 240 words a minute are more distinct than are those given by "the Old cable, when it was working at only thirty .'words a' minute.' In accordance with .the terms of the contract for making and laying the cable, the new cable will not be taken over by the Paoific Cable Board until •it has given satisfactory service for thirty, days. During that time the contractors will have'the cable at; their disposal for some hours during the day for testing purposes.

N.Z. DAIRY BOARD. [THE PBESS Special Service.] ■' 'WELLINGTON, January 20. The situation in regard to the;Lon- • Bon. agency of the New Zealand Dairy v Produce Control Board was.fully discussed at the meeting of the Board on Wednesday, and .it was decided to approach the Acting-Prime Minister on |fae matter. It was decided, to consider the retorganisation of the Board-after .the return of ?the present producer members in June next: - .--••■ ' Fertiliser prices. HIGHER IN SOUTH ISLAND. Fertiliser prices in the; North Island 1 liave been; reduced recently, and South Island; farmers are waiting to find when {this reduction will apply in this Island. At the" present time 1 the .price for grade 44 to 46, per cent, superphosphate in the north is '£s 2s 6d a ton, whereas in the sOnth the prico for the same grade of fertiliser is £6 3s 6d per ton. Local', fertiliser dealers have so far heard nothing of any prico reductions In the South Island. •■ ' I BUILDING SOCIETY. The sixteenth general unnual meeting of Hie Christchurch Working Men's Co-op. Building Society was held in the Y.M.C.A. last night. > • An appropriation for the amount of £6OO Iras purchased by Mr Odell. The. retiring directors, Messrs H. Chaplin, 0-. Lomas, and W. Bell .were re-elected, and Jtr J. O'H. Tobin was elected shareholders' ~;, ftttdltoi.' pRITISH CONSOLIDATED LOAN. *.f .'■ -. d - ■ . - >'?;■; (R?ceivcc{ January 20th, 11.5 p.m.) .'... ■•■'•■ *B;te»p<m» to the recent offer of a 4 per !*ejy. Conaolidated Loan, the Treasury re- ■•'■' £&v2 offera , 0 f £203,358,000, of which S?SS *'* caih applications and *128,0e0,00q.. ccnyerßions.

DAMAGED LAMBS.

CARELESS HANDLING. An important statement regarding damage to lambs by careless handling was made yesterday by Mr D. Jones, M.P., chairman of the Meat Producers' Board, to • a representative of The Press. "The grabbing of lambs by the wool in sheep yards, or when they are being trucked," said Mr Jones, "damages the animals, as it leaves a bruise which removes the carcase from the first to the second quality grade, and its value is decreased from 2s Cd to 3s—nearly Id per lb. I was talking to the Board's supervisor on Wednesday and despite the fact that on several occasions the attention of farmers has been drawn to the matter, the supervisor reported that damage done to lambs by careless handling is worse this year than ever. The evil is caused chiefly in drafting in farmers' own yards, and in the trucking of the lambs. "I would like to draw the attention of farmers throughout Canterbury to the very big economic loss being caused by their carelessness. Probably there arc a good many farmers feeling the effect of this state of things."

BUSY SEASON. OTAGO FREEZING WORKS, [THE PBESS Special Service.] DUNEDIN, January 20. Freezing is in full swing in Otago, the works having experienced none of the labour troubles which marked the

opening of the season in northern centres. Bumsido commenced killing about a week ago and reports from there today indicated that freezing was going on perfectly. Stock is coming forward nicely, and the boards are fairly full. The number of slaughtermen on the. job is 25. Finnegan's opened its season to-day with full boards. Plenty of stock is coming into the' works, and it is anticipated that there will be a full supply for several days. This will be the opening flutter and then killing will ease off until : the rape lambs start to come in. i Twelve ' men are employed killing at the" South'Otago works and if a rush sets in another are open for immediate engagement. Applications have ' been' made to the Otago works by slaughtermen who are unemployed , \\\ the North Island. Tliere is a surplus .of labour. A prominent farmer from South | Otago, and' a director of the works there, said that the men had taken a sane vley/o&ttie' position and were not out. to cause", - any; trouble as they realised that other '/men were willing to take'their jobs?.'*'. It. was different in the old'days when.labour was in short supply and a man could leave his job 'ahd ; then'get"a. better one, but times V had-changed.; outlook for labour ./•during the*year/was not good as unhas .set jh, early, and the I','men, were making sure of their jobs. < r„: Fat lambs-are * n plentiful supply in L otag6 arid one train passed through the province from' Southland with 68 trucks '<)f-lambs for the worktf in Otago and Canterbury. ' This .was a; freight of about 4000 lambs.; :./ . H;,..v

AUSTRALIAN LOAN.

SPECULATION IN AMERICA. (AUSTRALIAN ANU K.Z.' CABLE ; (Bt CABLE—PRESS,' ASSOCIATION—COPTBIOHT.) (Received January 20th, ,5.5 p.m.) NEW YORK, January 19. The arrival of the Bt. Hon.. Montagu Norman, Governor of the -Bank of England, has given rise to much speculation on Wall street, including the frequent prediction that the visit is partly connected with the large Ausrahan loan expected out that Australian bonds valued'at j many millions of pounds are maturing in 1927, and .while no definite amount of loan.isrmeiitioned, dt .is believed that the offering,will.run;to over 75,000,000 dollars,'.iwhich, is tthe-.amount of 5 per cent, .bonds, marketed here last July. Morgans', however, stated that no overturesTiad yet been made regarding a new loan. , . , , Mr .Norman's presence is also taken to indicate the probable simultaneous reduction of the re-discount rate by the Federal Reserve Bank and the Bank or England.

PROTECTION ASKED FOR.

NEW ZEALAND BUTTER IN N.S.W. (BT CABLE-PRESS ASSOCIATION-COPYRIGHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) SYDNEY, January 20. In the Legislative Assembly the ■ Premier, the Hon. J. T. Lang, promised to bring to the notice of the Acting-Prime Minister, of the.Commonwealth the question of protecting New South Wales butter producers against the competition of New Zealand butter, which could be sold at a lower , level than the price fixed for local butter by the- recent producers' conference, which decided that Is lid a lb was a reasonable price for butter produced in New South Wales. CALCUTTA TEA SALES. (BI CABLE—PRESS ASSOCIATION—COPYRIGHT.) (AUSTBALIAN AND N.Z.. CABLE ASSOCIATION.) CALCUTTA, January 10. At the tea sales a large proportion of offerin cs were poor and stalky descriptions, except for the better classes, which were in good- demand at late rates. Competition was slack, prices declining.one-half to two annas. The average prices were: For commonest leal, seven annas six pies to 8s 6d; commonest broken leaf, seven to eight annas;, ordinary common Pekoe Souchong, e lK ht to nine annas, lowest even leaf Pekoe. 8s 6d to 0s 6d. HAWARDEN SALE. Owing to farmers being busy with their harvest; there was not a very, large attendance at the fortnightly sale yesterday. The | sheep entries were 466 fats and 150 stores. Prime fat lambs made 2o« Bdl to 275. Id, '. medium fats 23s 10d to 24s lid. Good fat ewes made 14s lOd to 15s, crime fat wcth, nr« 26s to 275. Tho lines sold were: — ° r Fat lambs-J. Bentley, 14 at 24s lid; J W Wright, 14 at 24s lOd; P. Butler, 72 at 25s Bd, 28 at 14b Od; E. Shimmon. 24ai lid; Hayes's Estate (Hurunui), 19 at 25s' 4d, 20 »t 23s 10d; Keith Cumpbcl, 43 at 25s lOd; i D. Mowatt, 18 at 27s Id; J. Croft, 54 at Fat ewes—K. J. S. Brice, 28 at 14s lOd; i client, 14 at 15s. .„,,,- ~ o-. Fat Wethors —J. Hnjes « Khlotp, 7t> at 2os 7d: IF. E. Klncham, 20 at 25» Bd. . gtorc«—so tv/o-to«th wethers at 22s lid; m.s. lamb*, flrnt crowi merino ewes and E.L. ram», 245, GERALDINK BTOCK SALE. Again the yarding w»» small at yosterday'* nale at (l*r»dln«.' Fat lambs brought " from 23s to 2fi* B<l, f*t ewei from 13a 6<Tto ] 10« 6d, and fat w«tli*r<i from 24* Id to 26a. » A pen of 108 ewc» and lambs sold at 13s 6d all counted. •