COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 15141, 4 November 1912, Page 5

COMMERCIAL.

LONDON MARKETS.

•''■¥., A-oei.tlon-CVp.rrishfc. ,: (Baited member 3, 5.5 p.m.) j, -v- London, November 2. '£ ',';'' ' nABBTTS. B|l3a re a .hade easier, owing tolarge ' ■: -oEnglish supplies. 4 &/-••* FROZEN MKAT. l Mi'''' Panterburv, heavy, 5 Mod. ■J(3jd- ' WHEAT. 'Wheat is quiet. Australian cargoes are Mm at lato ratcs - othcrs haV ° de •Vja. ■ _______ •:-';'- NE W USE FOR OILS. '• A GERMAN INVENTION. CANDLES AND SOAP.

I':-" A German scientist named Normann ha ' ■"iitly succeeded in perfecting a proces , Sreby liquid animal and vegetable, oi £Tbe hardened to the consistency re ; Sid for the manufacture of margarine St, and soap. Tins cove 7': v i icl Shave far-reaching effects on the tailov .'■So of the world, including New Zea ■'■' r "'*'{3, is based on the fact which has lons '' been known to ecientists, that liquid oil ■■'Le'two atoms of hydrogen less in th. ; molecule than the hard oils. But hithert< no'one has been able to impart hydroger ito the liquid oils to make up this re 'Money Nermann, by a system of contact . V with metals, such as copper and platinum : ! juaovercome this difficulty. The cheraica. processes involved are not as yet full} understood, but the results obtained speak ■ for themselves. ■ Br this new process, vegetable and animal oils can be hardened to such an 4 extent that when two such hardened ■ - -plates of oil are knocked together, they pre out metallic ring. Castor oil can 77 be made into thin plates and cracked by j blow, liie a window-pane. Those who 1 :frequire to do so can take a dose of castor .''oil in a solid form as a pill .instead ■ of the usual liquid dose. Hitherto the jukbcous odour of whale and shark oil has ; 4 militated much against its commercial use for candles, margarine, or soap. But when treated by this process all smell is entirely eliminated. A big Norwegian I''; company, the de Nordisko Fabriker, has !■ :V gigantic works in the course of construcf: tion in Norway; similar works are also being erected at Emmerick. in Bremen. >■■•' r Tha process is much cheaper than any in |•■ vogue at the present time. The metals m Med undergo no change whatever, and all Efloid oils are more readily obtainable and : ; ,'are cheaper tliai solid fat.? and oils. At ifllfjie present tims beef, mutton, and pig tallow are almost exclusively used in the '■■'; 1 manufacture of candles, margarine, and ■:■'. soap,, and this Dominion docs a consider2able amount of trade in the export of j /tallow to Europe. As the new factories '„'■}. Jn Norway and Germany will bo in worki ing.order within the next few months. :: : ;ind as there is a ready supply of liquid c!■-.';oils and fata from all over the world, v tie demand for tallow, it is said, may ■•'.!■•. possibly show a decrease. Candles and •% soap of even better quality will, it is flakied, be produced at a ' far cheaper ".; lite than has hitherto been possible. ;■'! Njlw Zealand has a large snpply in her , WaUrs of whale, shark, and fish* oil. It ' might even seem advantageous to erect a factory working the new process in the ':•. v Dominion itß*>ls. Local products could be iraed. and margarine, soap, and candles i/ieov'ld be made in the country at a cheaper .j rate than at present. 1 & Interviewed yesterday by a Herald repTOurtaiive, Mr. F. Tar. Cant, the manm *$er of ttie new Eureka Margarine Works ■in Auckland, stated that the new process, ;!£ even .if as satisfactory as claimed, will ■ hardly affect the manufacture of margarine v; for two potent reasons. Firstly, public opinion will fight shy of any article for ,Vi conanmptJon if it is made from whale or c fish cil. Secondly, whale and fish oil <;onj;. tain too large a percentage of plien.to finale them fit for human consumption, even if hardened and deodorised. 4 ,;' But, continued Mr. Van Cant, if the new pro-! eta turns out to be satisfactory it. will j certainly make a difference in the manufacture and price of caudles and soap, although a good demand will continue for tallow .for other purposes.

'' BUTTER AIS'D EGGS. Wj The wholesale quotations for butter and lIS for week lending November 9, ft for the week ending November 9, I*lßl2, are as followsßutter, factory- Is | W per lb, famen.' 8d per lb; eggs, 9fi per

i THE AUSTRALIAN MONEY ■•' -I , MARKET. ■'•'•■_ .-".The reports from the principal centres -wo [gays the Australasian Insurance and *■ Hanking Record) all indicative of increase stringency, and as a consequence, of If , en i* rrise The banking averl«n,; * ™ September quarter ehow that, IS« 4°u m e hanks "facing their adi& j?* 7 ba T° "creased them, notSSSS" 8 a larger falling-off in the '• vS? of cn ? ent account balances. The ;: retnnw show a Urease of feK of £472,0C0 in advances, the lend!"*««[the banks thus being re•'■;■;Wdei ■«*,—. ? • n,e ew South E*?te™ 8, .! a diminution of -fc'^ 000 in advances, tho S^t£?wSo7^ t i^ e falli »s>ff • 'v I while advance,? show BSPfcTtt! "J 0 "* f1.093,000, and the ;SLSmVvYt i , wo , Statea havo about rf! *° k ? d - Nofc on 'y "'ore IBS' TttLS 30 grea £ r confidence is reIS* 8 J* 31 ' no d °nbt, be reItfS*T •' h bv no means in the §*&*8«e»«s m I9ia-ll and 1909-10.

■y DECREASED WOOL EXPORTS. l ? h \ e *™» the Austral. ms£ IQ o Tt ! from ** ™y to 20th SUfa!. , 1912. 1911 'c-'Tktorl» . *$?'■ Hale*. g; *•*_South Wan " "'™J M.794 9«esili*,cj ,0 " - £9,641 123,991 |; : *«- Australia *'' aai? 22 - 52J i i: hgfaita total jfi" §.. .; •" - -3,68.5 27,749 I •«rt«la«> in tot , ■■■aw -~~ £— Net decree, 77,270 bale,. J