COMMERCIAL

Evening Star, Issue 17954, 27 April 1922, Page 4

COMMERCIAL

THE WHEAT MARKET. Press Association—3y Telegraph—Copyright. LONDON, April 25. Wheat cargoes closed steady owing to a good demand by Italy and Russia for Australian, and 'reports of tho drought from New South Wales. Cargoes ex Bellfield 56k 9d, rx Cyirtuc Queen 575, ex Lygnern, Rover ie, and Corny fie Pride 573 3cl,’ex Faxon and Mesopotamia 57s 4Ad.— A. and X.Z. Cable. LONDON METAL MARKET. LONDON, April 25. Copper.—Spot, £59 Is 3d ; forward, £59 13s J;l. Lead.—Spot-, £24 7s 6d; forward, £23 15s. Spelter.—Spot, £27 2s 6d ; forward, £27 ?,s fid. Tin.—Spot, £lsl 7s 6d ; forward, £165 2s 3d. Silver, 2s 10jd per os. —A. and N.Z. Cable. TOMAHAWK PROPERTIES. Messsr Alex. Harris and Co. offered at auction last night thirty-eight sections at Ocean Grove township, Tomahawk. Bidding throughout, was spirited, every lot being sold as underSection 1, £24, (Mr Moore; faction 2, £l6, Mr Nowbold; section 5, £2.0, Mr Patton; section 4, £l4, Mr Anderson; section 5, £l6, Mr M’Lcan ; section 6, £2l, a client; section 7, £45, Mr Kitchen; section 8, £56, Mr Luke (as agent); section 9, £37, a client: section 10, £sl, a client; section 11, £26, Mr Nimmo; section 12, £26, Mr Smalll: section 13, £2O, Mr Ncwhold; section 14, £l7, Mr Newbokl; section 15, £2O, Mr Kerr; .section 16, £26 10s, Mr Horan; section 17, £27, Mr Horan; section 18, £l3, a client; section 19, £3B, a client; section 20, £l7, a client; section 21, £ls, Mr Davis; section 22, £l2, Mr Johnson; section 23, £8 10s, Mr Newbold ; section 24, £9, Mr Baylcy; section 25, £6, Mr Davis; section 26, £6 10s, Mr Davis; section 27, £6, Mr Burton; section 23, £9 10s, Mr Patton; seel ion 29, £l2. Mr Patton; section 30, £25, Mr Watkins: section 51, £55, Mr Casey ; section 32, £l3, Mr Patton ; section 33, £25, Mr Casey; section 34, £2O, Mr Thomson; section 55, £l6 10s, Mr Small; section 36, £l2, Mr Saunders; section 37. £ll, Mr Bayne; section 38, £9, Mr (Newbold. NEW COMPANY FORMING. NEW ZEALAND GLASS WORKS, LTD. When tho official figures of tho annual imports of glassware into this dominion aro consulted some idea is gleaned ot the bright future in front ot tho New Zealand Glass Works. Ltd., a company that is now forming to manufacture in the dominion all classes of glass,ware, including sheet glass, jam jars, bottles, etc. In 1920 over £600,000 worth of glassware came to this country from overseas. Of that sum plain empty bottles alone amounted to over £125,000. So beyond question there is an important ready market in this country that will absorb all the glassware that' the new company can manufacture for many- years to come. This view is endorsed hy tho fact that among the initial subscribers to the capital of the company aro such men as Alex. Duncan, manager of Ward's Brewery: Thomas Madden, secretary of Staples’ Brewery; J. R. Hayward, managing director of Hayward Bros., pi cldc and vinegar manufacturers; T. R. Quill, Quill, Morris, whio and spirit merchants; and J. A. Rcdpafch, of Christchurch. Many industries aro vitally interested in the bottle question ; in fact, the present high freights and losses through breakages are virtually strangling many businesses—and tho new company IP practically a popular movement that is assured support from all users of glassware, ’lire capital of the proposed company is £150,000, divided into 150,000 shares of £1 each. The minimum subscription for going to allotment is -35,000 shares.

The Canadian loan was subscribed in New York within three hours.