COMMERCIAL

Greymouth Evening Star, 2 November 1931, Page 9

COMMERCIAL

WOOL INDUSTRY. [BY CABLE—PBEEB ABBX. —COPYBIGHT.] LONDON, November 1.

Mr Devereaux reports that the result of the elections, so far as the wool trade is concerned, has been to confirm the anticipation of better times ahead. The British woollen manufacturing industry is confident, and a cheerful tone prevails. In Yorkshire considerable activity exists, and additional machinery is being brought into use. Although it cannot be said there is undue speculation sound business is being done, and a confident outlook exists in regard to the future, in view of the possibilities of a tariff on manufactured goods. This outlook appears fully justified. From the Continent, however, - feelings are somewhat mixed. Uncertainty, not to say alarm at the outcome of the English elections, has. been'allayed, and a greater feeling of confidence exists of the return of more stable economic tions, but the possibility of Great Britain imposing a tariff is naturally very disturbing to Continental wool manufacturers to whom exports to Great Britain are an important feature. The firmness of the primary markets in Australia is reflected in all markets. Italy is reported to be temporarily short of raw wool supplies, and an active btiyer for immediate needs. France is perturbed about tariff possibilities but the top market has been quiet, though prices are firmer. Yarn transactions are active, but prices are unchanged. No improvement is reported in Belgium. The futures market is fairly active, with minor fluctuations.

STOCKS AND SHARES. AUCKLAND, November 2. Sales: Farmers’ Trading 5/7, Auckland Gas 23/3, Commercial Bank 15/7. Reported: Goldsborough Mort. 23/l£, Breweries 32/6, National Bank £4 10/6, Union Bank £B. ALEXANDER MINES. [special to “stab.”] REEFTON, November 2. Alexander mines returns for October: Battery: 284 tons of ore crushed for a yield of 279 ozs 16 dwts melted gold. Cyanide: 176 tons of sands treated for a yield of 69ozs of bullion. Total estimated value' £1340 (exclusive of premium on sale of gold in London, and premium on exchange).

OKARITO RETURN. Returns from the Okarito Gold Dredging Company for last week show 69 ounces for 124 hours’ work. Buyers are Quoted at 9/11, and sellers 10/4. NEW COMPANY. Kennedy (J. and M.) Ltd. Registered as a private company October 16, 1931. Capital £7OO, in 700 shares of £1 each. Subscribers: —Greymouth: J. J. Kennedy 549, M. C- Kennedy 1, T, J. Kennedy 30, W. M. Kennedy 30, J. J. Kennedy junr. 30, J. A. Kennedy 30, M. J. Kennedy 30. Objects: Take over business of Kennedy Bros., carriers and incidental. FLUENZOL PROPRIETARY The directors’ report to be presented to shareholders at the annual general meeting states: —The year ending September 30, 1931, has been a trying one for this and all other businesses and greater concentration, more scientific marketing and advertising methods have been necessary in. order to present satisfactory results. Notwithstanding the depression however, we have pleasure in recording that sales have increased by 14.7 per cent. Profits also are extremely satisfactory and the products of the Company are meeting with increasing public favour and goodwill. The nett profit for the year amounts to £1430 4/9 after providing for adequate depreciation on plant, motor car and buildings, and for reserves for bad debts and discounts. Of this amount, income tax amounting to £203 1/4 has been allowed for, and £7OO has been written off goodwill, reducing that account to £lOOO. The balance of £587 12/8 now remains in appropriation account, and it is recommenced that a dividend of 8 per centum be paid, absorbing £440. The directors decided to ask Mr J. R. Kirk, M.B.E. to join the directorate and Mr Kirk with Mr W. H. Stevens and Mr J. A. Stewart now offer themselves for re-election as directors (Mr C. W. Palmer is managing director).

PATENTS Henry Hughes Limited, Patent and Trade Mark Agents (authorised by the N.Z. Government) report the following list of applications for Patents in New Zealand, as compiled from the Government Journal of October 22: — Auckland: Skyraider Kite Co. Ltd., kite flying means. A. W. Beeson; belt. F. 0. Carbines; milk filter, J. C. Irwin; heating element in electric water heater. J. W. and W. M. Thompson, hay sweep attachment for use on tractors. W. Tunstall, locating minerals. W. W. Impey, wire mattress. R. Morrison; fire escape ladder. J. and D. R. Brown; door. G. S. Gordon; Pulsator releaser. Electric Iron Grip Switch Co., Ltd; electric iron. Hight and Webb; packet-vending machine. L. R. Harris; milking machine. A. L. Suttie; waterproofing leather. Wellington: W. H. and P. R. Harvey, bead forming machine for use in metal sheets; W. D. Rennie, fire grate stand for kettles; K. T. Wilkinson, advertising display; W. H. and P. R. Harvey, sheet metal bending machines; I. C. Kennedy, trousers; R. F. McCartney, electrical device for heating liquid; W. G. Julian, rear carrier box; H. Walker, tea cup; A. E. O’Connor, wire fastening; J. Taylor and Co., Ltd., milking machine; W. T. Eaton, packing gland. Canterbury: A. J. Gardiner, Hinge. G. Monopoli, wire binding and trying machine. H. M. Boddie, bottle holder. Steen and Rudkin, admission of air to combustion engine. J. P. McLeod, clothes drying frame. Otago: Butler and Bell, non-slip hook. W. J. McCuthcheon, revolving clothes line. H. Denford, shirt folding.