DAIRY PRODUCE

Evening Post, Volume CXXX, Issue 94, 17 October 1940, Page 14

DAIRY PRODUCE

THURIDAY, OCTIBER 17, .940,

"NO TIME FOR PESSIMISM"

Fears are expressed in various sections of the dah-y export industry as to the iuture of the British marketer— after tha war. These fears are not shared by Mr. S. P. Taylor, chairman. oil ths Midland Dairy Company, Canterbury. Addressing shareholders of the company on their prosperous year— with a surplus of £12,220 against £9313 last year—Mr. Taylor said: "I cannot share the opinion so recently expressed, that we should b>ok pessimistically on the pritie to be < otainsd i cr dairy produce, or any other produce after "the war. ■

"Legislators the world over have learnt a lot since the last war and "Jits depressions, with ths result that, whereas butter-fat rose to 2s 66. per lb during the last war, there does not appear much chance of its rising over Is 5d in this war, and the same applies to other produce. In every country the tendency is to legislate against a boom.

"If this course is followed the ratioof fall in produce prices, whatever it may or may not be, must be less. Bat this is no time for pessimistic utter* ances. Let us do our utmost now, for if we fail it will not matter what the price of produce is after the war. 1*

Buyers. Sellers. ! & s. d. £. s. d. | N.Z. Govt. Stocks— 3 p.c., 15/7/1939-41 99 15 0 — 3% p.c, 15/1/1953-57 . 101 0 0 — i 4 p.c. 15/3/1940-43 100 17 6 — 4 p.c., 30/11/1948 .... 105 0 0 — | Govt. Bonds— 3 p.c, 15/7/1939-41 .. 99 15 0 — 3% p.c, 15/1/1953-57 . 101 0 0 — 4 p.c, 15/6/1952-55 107 0 0 — ! 3-i p.c, State Adv's., i 1/6/1944 99 5 0 — J Other Debentures— Amalg. Brick, Wgtn., 31/3/44. 6 p.c 99 0 0 — Banks— Tcmra. of Aust. (ord.) 0 14 11 — Eng., Scot., and Aust. . — 4 12 6 National of N.Z — 2 0 h . Xaf. of A'asia (£5) * — 6 2 G New South Wales * 28 7 6 — New Zealand * — 2 2 8 X.Z., D Long Term ...* 18 0 19 0 Union of Aust — 7 3 0 Financial— Equitable Bdg. C's*, .... — 0 12 6 Equitable Bdg. Ca. 5 p.o. Deb. Stk — »1S S National Mortgage — 2 0 (T N.Z. Guarantee Corp. . .t 0 2 7 0 2 11 W'Ktn. Invest. T. & A. — (t t» i Wellington Trust Loan . — 5 0 0 Wright. Stephenson .. — 10 6 Wright, Stephenson (pref.) 0 19 6 — Gas— Christchurch — 1 4 10 Chrlstetnirch (contrib.) — 0 11 6 Wellington (ord.) 1 12 6 — Wellington (pref.) .. 1 1 11 — Insurance— National of N.Z — 0 18 11 South British t — 2 9 3 Standard 2 18 10 — Meat Preserving— Gear Meat 0 14 3 — N.Z. Refrig. (£1) ... — 1 0 fi X.Z. Refrig. (10s) .... — 0 9 5 Transport— Huddart Parker (ord.) . — 2 13 6 Huddan Parker (pref.) 16 6 — P. & O. Defd. Stock .... — 14 0 WoollenFelt Textiles (rights) .. — 0 12 3 Kaiapoi — 0 14 6 Wellington (ord.) • —. 6 18 6 Wellington (pref.) ... 6 18 6 — Coal— Westport 1 2 6 1 2 11 Timber— Leyland-O'Brien .... 0 14 0 — Taupo Totara (ord.) .. — 0 5 0 Taupo Totara (pref.) .. 0 10 0 — Breweries— N.Z. Breweries Ill 9 113 0 Miscellaneous— ■lust. Consol. Industries 1 18 3 — Brit. Tobacco (Aust.) .. 2 9 6 2 10 6 Broken Hill Pty 2 6 0 2 6 8 Colonial Sugar • — 53 10 0 Dominion Fertiliser .... 16 9 — D.I.C. (ord.) 0 12 3 — Dunlop-Perdriau 0 19 0 — Electro. Zinc (ord.) .... — .2 IS 0 Farmers' Trading — 10 6 General Industries — 0 19 9 G. J. Coles 3 9 0 3 11 6 Howard Smith (ord.) ... 10 0 — MacDuffs (ord.) ... 0 10 6 0 11 0 MacDuffs (pref.) — 0 18 6 McKenzie's — 2 5 6 N.Z. Drug 3 14 0 — N.Z. Farmers' Fertiliser 113 — N.Z. Newspapers 1 10 6 — R. & E. Tingey (pref.) 116 — Taranakl Oil Fields — 0 6 3 Taranaki Oil Development (4s paid) — 0 3 9 Wilson's (N.Z.) Cement 0 18 9 — Woolworths, Ltd. (ord.)t 0 18 0 0 18 5 Mason. Struthers — 0 13 6 Berlei (N.Z.) 3 2 0 — Self ridges (A'asia.) .... 0 13 0 — MiningBig River 0 0 6% — AustralianBroken Hill South — 16 9 Emperor — . £ 11 9 North Broken Hill — 2 1 0 Placer Development ..;;'.. '— 3 10 u Overseas Listings— Woolworth Holdings (South Africa) — 0 14 0 UNOFFICIAL LIST. Buyers. Sellers. £ s. d. & s. d., Colonial Motor Co — 1 10 0 R. & E. Tingey, Ltd. (ord.) 10 0 — Selfrldges (N.Z.) (16s pd.) "........... 0 3 8 — • BUSINESS TRANSACTED. Sales, first call this day:— shares. ■ e, '&• d. 15 Bank of N.S.W. • 28 lift 0 50 British Tobacco 2 ,]J0 0 100 G. J. Coles 3ylO 0 Sales made late yesterday after #feoinB to press:— No. of Shares. ■ s. d. £300 4 p.c. Govt. Stock (1943) *(i3 0 0 25 Union Bank , 7 2 0 500 South British Insurancef 2 8 10 200 Gear Meat y 0 14 6 50 Felt and Textiles Rights .^. 0 10 6 170 Westport Coal ••••-• 12 8 500 MacDuffs, Ltd. (pref.) .4.. 0 17 9 100 N.Z. Drug •/*••• 3 14 «j 100 Woolworths, Ltd. (ord»> .. 0 18 3 •Cum div. t'JEn div.