RAW RUBBER.

Press, Volume LXVI, Issue 20087, 17 November 1930, Page 12

RAW RUBBER.

RESTRICTIONS OF OUTPUT. deferring to proposals to restrict the output ot raw rubber, Mr P t r-i . ' - 1 . «• "lass, the chairman of tho Port Swettcnham Rubber Co., Ltd., at the annual meeting of shareholders in Melbourne said that by tho failure of tho A„gl 0 -i) utch negotiation/ for joiat action to restrict output and the absence of mv o„ ™bb„ e!lat « laced with serious losses. The com pany's plantation manager o r P °mh s ffl b / 0r tho eSnJ .Tun© .iOth, from the comDanv'* two estates. The all-in cost was placed at 5.41 d per lb. The native planter waa the greatest problem confront!™ Euro pean interests at present. Expcrt b . servers stated that at tho end of last year only one-third 0 f tho 1 300 000 acres under Asiatic ownership Was bring tapped, the fall in l>riee . driven the owner back to tho family tapping system. Native rubber, owinlr to various causes, realised much less per lb than Kuropcan-produccd rubber To get the rubber to London or New York would cost tho native well over ;<d per lb. At current market prices many ot the smaller planters and natives would be driven out of tho industry, which in time would assist to relieve the stock situation. LAMB PRICES. THE AUCKLAND SCHEDULE. The opening prices for lamb on tho hooks in Auckland works were announced last week as follows:—Prime lamb, under 361b, 7-£ d per lb; 3Glb to 42!b, 7d; over 421b, CJd; seconds, 6Jd. It is emphasised that these prices only cover lambs available for November shipment. The reservation is important, and it is likely that farmers will take the fullest advantage possible of the opportunity to clear some portion of their stock at prices that, although J-d lower than last year, must, on the whole, be considered satisfactory (states an

Auckland paper). UnfortunatuJy, the boisterous weather experienced in lute September and October brought about a serious setback, and really well finished lambs are at the present scarce. COMPANIES REGISTERED. The current is-uir; of (he '"Mercantile Ciuzette" notifies the following registiations of now companies: Aebby Broj., Lt-cl. Registered as a private company, October Gth, 1930. Office, 8 Chancery lane, Christchurch. Capital: /..vl'OO, into 3000 shar&s of £1 each. Subscribers: F. J. Asbby 1000, E. Ashby 1000, L. Ashby 500, A. Ashby 500. Objects: To arquir© and take o'.vr as a going concern the business of quany proprietors, etc. Milligan and Bond, Ltd. Registered o« a private compuny, November 3rd, l'j.'iO. Capital: £5700, into 5700 shares of £1 each. Suoscribcrs: Oarnaru—-R. Milligan 3000, J. ('. Milligan, T. S. McKenzie 1000 each, T. S. Fans 500, (i. B. Could 200. Objects: Frovision and gential merchants, yiocers, and storekeepers. Slilwell, W*. and VV. V., Ltd. Rogiatered a>? at private company October 24th, 1030. Cnpital, £7OOO, into 7000 shnrea of £1 each. Subscribers: Motueka: \V. C. Stilwell 3500, W. L. F. Stilwoll 35C0. Objects: To take over as a concern and carry on the bi'Kinese of eawmillers and timber merchants at present carried on at Motueka by W. and "W . I'. St:Uvell, and geneial incidental. BRITISH MOTOR INDUSTRY. SLIGHT DECREASE IN EXPORTS. The B/itiah moir»i induct rr has suffered in only a minor degree irom the prevailing trade elump, as the figures of imports ar*3 exports for tbe seven months to July, 7.930, aa compared with the corresponding period of J9*29, indicate, says a report leccived on Thursday by his Majesty's Trade Commissioner in New Zealand. The imports of cars, commercial vehicles, and chas3is during this period totalled 6118 to a value of £1,315,340, as compared with 27,579 value £3,302,767, a decrease of 1J,4G1 (valuo £1,567,427). Of this decrease card dropped from 9670 i 0 4445, while the import ot chossis decreased from 17.8G3 to 3G41. Whatever additional reasons there may have been for this, it is at least fairly clear that there is an increasing demand in the Home market for Britisli-made motor vehicles, v.-hich fact is further emphasised by the figures oi tbs July monthly return. In that month this year onlv 285 were imported, of a value of £('.1,484, compared with 1161 in the same month last year, of a value of £184,851. In the same month chassis dropped from 3085 (vahi3 £212,161) in June, 1929, to 302 (value £13.375) in the same month this year. Kxports of British cats. commercial vehicles, and chassis also showed a alight decrease, tho figures for the seven months of this year being 18,915 (value (£4,330,6C0), £v3 compared with 2-1,819 (value £4,930,908), a' decrease of 590-1 to a value of £GQ0,299. The figures for tbe exports and imports of cars, commercial vehicles, and chassis for the seven months of this year, as comiDared with those of the same period last year, as as follows: Jar..- Imports. Kxpoifs. -Jixcess of July. exports. £ £ £ mo .. 3.302,767 4,53U,908 1.625.141 1930 ... 1,315,340 4,339. COO 3,015,269 Decrease i ,957,427 600,299 Inc. 1,337,128 DAIRY PRODUCE. The New Zealand Dairy Produce Board has received the following market report from its Loudon office, dated November 14th, 1930: — Butter—New Zeland. salted, November 14th 107s to 114s (last Week 108s to HGs); unsalted, 148s-150 to 154s (150s to 1545) ; first whey, 302s (102s); second whev, 100s (J 00s). Deliveries New Zealand this week 1520 tons; in store New Zealand this week 3413 tons: Australian salted. 104s to 110s (IOGs to 110s); unsalted 124s to 328s (126s to 3305). Deliveries Australian butter liav's wharf during week ended November Bth. 37,045 boxes; in store Australian 3G.722 boxes. Argentine, unsalted. 3065-10Ss' to 114s (106s to 110s) : Danish, 134s f.0.h., 340* to 142s spot (1325. 140s); Dutch, unsalted,

144s to 14Gs (144s to 140s); Latvian unsalted, 308s to 112s n.Us to 1225); Siberian. 100s (100s to 104s); Polish, 90s (o 100s (90s to 100s); French baskets, ssilt, 138s to 140s (136s to 138s). Market quiet. Expected that New Zealand retail price will be reduced to Is 2d on Monday next. Cheese —New Zealand, white 73s to 745, ex. 76s (735, 75s to 765) ; coloured 68s to 70s. es 71s (69s to 7ls). Deliveries New Zealand this week 13.380 crates; in store New Zealand this week 28.807 crates; Australian, white 71s to 72s (71s to 725); coloured, 67s to 60s (68s to 70s); Canadian, white 76s to 80s (76s to 78s) ; coloured, 70s to 78s (ex. 80s). Deliveries Canadian 17.145 boxes; in store Canadian 246.703 boxes. English finest farmers' 100k to 106s (300s to 106s). Market steady. New Zealand retil price reduced to lOd. Dalgety and Company, Ltd., have received the following cablegram from their London office, dated November ]3th; Butter and cheese markets steady, "without any change in quotations. A. H Tnrnbull and Co. avo in receipt of tlie following cablegram from their principals, W. W eddel and Co., Ltd., dated London, 141 h inst. : Butter —Danish, 140s to 142s (last week, ViOs to 14-ts); New Zealand, unsalted 1453 to 15C.3 (lT»0s to 1545), salted 107s to ll4s (lOPfl to Market quiet. Cheese—White 73s to 74s (73s to 755), coloured GSs to 70s (69s to 71s). Market steady. Canadian cheese, white 76s to 80s (76s to 78c), coloured 76s to 7Ss (7Gs to 7gs). AUCKLAND, Sales on 'Change— L s. d. E.. and Bank ... 012 0 Bank of New Zealand ... 217 0 Colonial Sugar ... ... 31 17 6 Waihi Mining ... ... 013 11 WELLINGTON. Sale on 'Change—- .£ s. d. Mosgiel Woollen 6 10 0