DAIRY OUTPUT HIGHER

Sun (Auckland), Volume II, Issue 514, 17 November 1928, Page 12

DAIRY OUTPUT HIGHER

RECORDS ESTABLISHED IMPRESSIVE AUCKLAND RETURNS Butter-fat manufactured by the Te Aroha Dairy Company from Ime l to October 31, 1928, amounted to 756,5001 b. For the same period in 1927, 538,0001 b were produced. The increase is 40 per Ce The rate advanced for October butter-fat was Is 5d in both years For the season to date, the total money advanced was £54,109. Last year it was £38,550. The butter-fat supply for last month, 320,0001 b, was the largest for any month in the history of the comThe Te Awamutu Dairy Company manufactured 99 tons 17cwt of butter last month. In October, 1927, it produced 65 tons 6cwt. The output for the five months of the season to date is 228$ tons, compared with 141 i tons for the same period last year, an increase of 61 per cent. The company is advancing to suppliers Is 5d a lb butter-fat for finest cream supplied during October, and is crediting shareholders with an additional *d a lb. The amount of the monthly payment is £13,055, compared with £8,273 for October last year, when a cash payment of Is a lb was made. The total amount paid to suppliers for the five months of the season to date is £30,586, compared with £18,264 for the corresponding period of last year. The company’s average butter grade for October was 92.48, and the factory is at present making 150 boxes a day. At Hamilton the New Zealand Cooperative Dairy Company, Ltd., has decided to advance its shareholders Is 5d a lb butter-fat for butter, and Is 7d a lb butter-fat for cheese, in connection with the October supply of cre.am and milk. During October the Morrinsville Dairy Company manufactured 156 tons of butter, wdiich is a record for the company and is 30 per cent, above the output for October, 1927. The quality of this season’s output has been excellent. The grading figures have been from 93 to 94£, with an average of 93.53. From Kaeo, the Whangaroa Dairy Company reports an increase of 4& tons of butter for October, and the payout is Is 4d a lb butter-fat first grade, finest Is 44d. Owing to the flush of feed a good deal of feed flavour is in evidence, which some consider is unavoidable on top-dressed pasture. The grading of the butter at the Auckland store was 92. 925, 93. The Cambridge and Bruntwood dairy companies will pay out to district dairymen on November 20 the large sum of £40,982, including a £4,000 bonus cheque by the first-named company. The returns for October fufther enhance the prospects of this season being one of the best on record. The Cambridge company is advancing £31,500 for October against £30,780 for the corresponding period last year, the basis payment being Is 6d a lb gross for cheese and Is 4d gross for butter compared with Is 6|d and Is 5d respectively last year. So far this season the company has paid out the huge sum of £78,000, compared with £68,000 last season. The company’s butter-fat supply for October shows an increase of 12i per cent, over October, 1927. The Bruntwood cheese pay-out is £5,482, •against £4,980 in October, 1927, the basis of payment being Is 6d, the same as last year. For October the company received 59,7551 b. of butterfat, against 65,704 for the corresponding period last season. HOME SALES STEADY From the advices received by Auckland firms from their London representatives, the sales of dairy produce have apparently improved after a period of slackness. Good prospects are held outffor New Zealand produce. The butter market is firm, and cheese sales are steady. Further reports are: The Farmers’ Co-operative Auctioneering Co., Ltd., reports having received the following cablegram from its London office: Butter market firm, good inquiry for finest New Zealand, first grade slow; anticipate steady trade in next few weeks, with stocks low; present prices are 174 s to 178 s; cheese slow, 103 s to 107 s. W. W. Bowker has received the following cablegram from A. J. Mills and Co., Ltd., London, dated November 15: Butter—The market is firm; fresh arrivals, finest 178 s, first grade 1745, stored 2s to 4s less; Danish, 196 s to 198 s; Australian, 170 s to 1725. Cheese —The market is steady; New Zealand white 106 s to 107 s, coloured 103 s to 104 s; Canadian, white 108 s to 110 s, coloured 106 s to 108 s. BIG PROFIT SHOWN WELLINGTON MEAT EXPORT COMPANY The Wellington Meat Export Company’s 39th annual balance sheet, to be submitted to the shareholders at the annual meeting oil November 29, shows that the year’s operations have resulted in a profit of £9,500 16s 4d. The profit remained after provision for depreciation to the extent of £B,OOO had been made. With the balance brought forward f™™ the year ended September 30. I pil''7^ l^oye^ ,S credit ma -rgin reaches +15 15 ’J- 24 12s 10d ’ ° ut of this amount, the directors propose to pay the preterence dividend at the rate cent., amounting to £6,971 4s 4d, and to carry forward a balance u. 8s 6d. Unsold stocks have been taken Into account on a conservative value leavlng a generous margin for possible fluctuations in the market. The directors retiring by rotation are the Hon Edward Newman and Mr. A. Mabin! They are offering themselves for reelection.