COMMERCIAL.

Press, Volume LIX, Issue 17756, 7 May 1923, Page 10

COMMERCIAL.

THE WOOL MARKET.

SIR ARTHUR GOLDFINCH'S VIEW. (87 CABLE—PBESS ASSOCIATION—COPYRIGHT.) (ATJSTBAXXAK AND N.Z. CABLE ASSOCIATION.) LONDON, May -1. Commenting on the pessimistic view of the wool market, Sir Arthur Goldfinch, writing in the "Yorkshire Observer," says: "There is no justification for alarmist views. The known facts point to a persistence of consumption in excess of production for at least the .next two years. Each year the popularity of wool clothing is increasing amongst peoples who hitherto have relied mainly on cotton goods. This applies particularly to the Far East."

A YORKSHIRE OPINION.

LONDON, May 4

The "Yorkshire Post" says: "For the moment, America is the dictator. Time will prove how long she will remain so. Her war wealth enables her now to enjoy a period of prosperity in marked contrast to the nations on this side of the Atlantic, but already warnings have been uttered regarding the future of the United States. Hints have been made of over-production. Certainly her markets can be flooded -with imported goods unless an even more drastic tariff than the present tariff be established. Also, consumers in the United States have been known to organise strikes when the values of textiles go too high. Some assert that prices are already at the danger point. Therefore one may admit the prospect of a scarcity of wool in the aggregate, if not an actual shortage in relation to the demand, without fearing values soaring to such dizzy heights as some optimists would have us look forward to,"

NEW ZEALAND LOAN.

ISSUE OP PROSPECTUS. fflT OABM-PRKSS AMOOUTHW-COroUHB-, IAUBTBWJAH AND X.«. CABLE ASSOCIATION.) LONDON, May 4. The prospectus for the New Zealand loan at 4 per cent, will he issued on Monday. fA previous message said: New Zealand is -floating a four million loan next week, of which three millions axe for public works and one million for redemption.] THE FRANC AND THE MARK. LONDON, May 4. The exchange on Paris is 69.20 franca to the £, and on Berlin 167,000 marks to the £..

EGG PULP INDUSTRY. The current issue of the "Imperial Food Journal" (writes our London correspondent on March 28th) contains a very interesting illustrated article, explaining the work done by Mr J. B Merrett's ingenious egg-pulping machine, it is remarked that during the last five years or bo the gradual expansion of the manufacture of egg pulp in New Zealand has opened up brighter prospects for poultry-keepers, and thew seems to be no reasonable doubt that the industry has a very promising future before it, not to mention the fact that there are considerable possibilities in the way of extending the manufacture of dried-egg products, dried whites being very largely used in the confectionery trade. • lhe prospects for business, at any rate, were good enough to influence the New Zealand Government in the direction of providing a measure of protection for the egg pulp trade. " Information is also given about the hand-pulping process, of China and America.

CANTERBURY ROLLER FLOUR MILLS COY. . The business of Mr Derisley Wood, of Ashburton, is being floated into a company. Mr Wood ia the proprietor of the well-known Ashburton business known as lie Canterbury Boiler Jj'lour Mills' Company. As be wishes to retire the company is being formed to take oyer the business. Mr Wood has controlled the business for the past 22 years.. The "Supreme" brand of flour turned out af'the mill is one of the best known in the trade, and the mill is situated in a county that produces a fifth of the grain grown in the Dominion. :. Competent valuators have assessed the value of the property at £32,486, and the vendor of the sspipany is prepared to accept £28,00(? for the business as a going concern. The provisional directors-of the company include some of the best known men in the trade ; and a number of farmers that recognise the advantages of the farming community having an interest in tbe business. The capital of tne company will be £50,000 in £1 shares.

SATURDAY'S POULTRY MARKET.

The Canterbury Co-operative Poultry Producers, Ltd. had a good entry of poultry on Saturday. There was a good demand, and prime birds brought high prices. Table S« 8 , S ,L "v. 6s 6d to Ms 6d, hens 2s 6d to 8i 9d, pullets Ss to 17s, ducks 5s 6d £i« m ' ,f eße ** - t0 8s ' turke > s M» e* to 1m 6d ill per pair.

EGG MARKET. Tha egg market is very firm, and there is a good demand for first grndea at 3b 8d eeoonds Ba, ducks 3a per dozen. ' A Sharp Rise. Tha -wot, cold weather has almost completely stopped the egg supply and there ia a great scarcity. In compliance w.th the market commission to keep an open market the directors of the Canterbury Co-op! Poultry Producers, Ltd. are quoting firstgrade ogga at 8s 3d, eeoonds 8s per dozen. —6 WELLINGTON SKINS AND HIDES SALE.

Tho following ia the range of prices of ■kini and hides at Friday's 'Wellington »ale»:— •

Sheepskins—fialfbred, lljd to 14Jd; fine crossbred, 9£d to lljd; .medium-coarse crossbred, 9d to lljd; short to half wools, 3Jd to lOJd; lambs, 4Jd to 12d; dead and damaged crossbred, 5d to 9Jd; inferior to badly damaged, 2Jd to 8d; pelts, 2Jd to tjd; damp, ' salted, and gTeen, 4s to 7s Id; pelts, salted, 4s: lambs, salted, la lOd to 5s sd. Hides—Ox, heavy, 691b and over, 9d to 12jd; ox, medium, 60-68, 6d to lOJd; ox, light, 491b and under, sfd to 6Jd; cut, ilippy, and inferior, 2d to 7Jd; cow, heavy, 651b and over, Ejd to 8d; cow, medium, 42641b, 6d to 81d; cow, light, under' 421b, 5Jd to 6£d; cut, slippy and inferior, 2d to 6Jd; bull, stag, Jd to sjd; yearlings, 11-32ihj 6d to 8d; calf, medium to good, up to 10lb, lid to 12Jd; calf, damaged, up to 101b, lsd to 9|d.

Tallow—ln casks, 20s 6d to 28s; in tins, «to» l8»toar»-:.6cL