COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19255, 18 February 1926, Page 7

COMMERCIAL.

ART SILK COMPANY. NEW ENGLISH ENTERPRISE. Sun. LONDON, Feb. 16. The Nuera Art Silk Company is having ft factory erected at St. Helen's, Lancashire. The plant will produce one ton of staple fibre artificial wool a day, increasing its production in accordance with demand. The makers assert that their product is incomparably finer than sniafil, and will be much used by woollen and cotton manufacturers. Reports from Bradford state that the new artificial wool may be of great ser vice in the blanket and flannel industries, which have been depressed. The new development may bring prosperity by cheapening costs. Yorkshire wool-combers are particularly interested, because at present there is not sufficient work to go round and they are anxious to keep their machinery going.

CHICAGO WHEAT MARKET. Australian and N.Z. Cable Association

(Reed. 5.5 p.m.) CHICAGO, Feb. 16. Wheat. —May, new, 1 dollar 66§ cents per bushel; old, 1 dollar 64f cents. July, 1 dollar 49| cents. September, 1 dollar 42|mits. AUCKLAND COMPANIES. THREE NEW REGISTRATIONS. Three private companies were registered in Auckland yesterday. Following are particulars:— Armadale Investment Company, Ltd., land agents. Capital, £4750. Subscribers: Noel Cole, 1000 shares; Alexander Mcßae, 600; George Levett Thorburn and Sinclair Bruce Pelley, 500 each; William Parkinson, Thomas C. MtiHinij, Sholto Smith, John Edward Hutcninson, 250 each; George Justin Browne, Arthur Lance Tompkins and Cecil Barry Wake, 150 each; William Parkinson and John B. Parkinson, 125 each; Neville John Browne, Walter Edwin Burrow, William Goodfellow, 100 each; Edward James Watkins, James Alexander Young and George Jack, 50 each. Samuel Rawnsley, Ltd., kauri gum merchants. Capita], £IO,OOO. Subscribers: Samuel Rawnsley, 6000 shares; Jame3 William Rawnsley, 2200; George Frederick Rawnsley, 800; Charles John Rawnsley and Rita Rose Drayton, 500 each. E. A. Carter and Sons, Ltd., wood and coal dealers. Capital, £2OOO. Subscribers; Ernest Arthur Carter, George Henry Eric Carter, William Carter, Florence May Carter, 500 shares each. KAWARAU MINING COMPANY. PROGRESS AT THE DAM. Considerable progress has been made in the construction of the Kawarau dam at Lake Wakatipu. The wing dam across the deep channel at No. 10 pier has been completed. This work was facilitated owing to the lake level dropping 2ft. during the Christmas holidays. The wing dam is satisfactorily diverting the flow of water, the leakage being negligible, and the water in the pier site is calm and' down to river level, which is 3ft. 6in. below lake level. The work of building No. 10 pier and sill has been commenced, the working platforms and coffer dam framework are being got into position, and two shifts are to be employed pouring in concrete in'this foundation. Pier No. 11 has been completed, and both wing walls are above gate level and can be finished off at any time irrespective of the closing of the gates. The reports indicate that, practically all the snow has disappeared from the back country and it is expected that the hot weather being experienced will cause a further drt>p in the lake level. DOMINION'S FREEZING WORKS. POLICY 0$ CONTROL BOARD. The policy of the New Zealand Meat Export Control Board in regard to the freezing works in the Dominion was referred to by Mr. W. Perry, a member of the board, in his recent address at Dannevirke. Mr. Perry said that the board considered that it would be a bad thing if the freezing works all got into the hands of two or three big corporations. They realised that they had to protect the interests of the farmers of New Zealand. The position to-day was that the members of the Meat Board were unanimously opposed to further acquisition .of freezing works by the big corporations. He was convinced that there was sufficient money in New Zealand to keep freezing works going, and that in the long run some arrangements would be made by which the shareholders would not suffer much. The Meat Board would always be found willing to do anything in its power to assist, any movement to protect the interests of the shareholders, TARANAKI OILFIELDS. [by telegraph.—peess association.] FEW PLYMOUTH, Wednesday. Taranaki Oilfields report:—"The Tarata bore has been drilled to 4395 ft. in shale, with no change. The Moturoa bore lias been drilled to 3832 ft. in shale, with hard bands at 3695 ft. and 3720 ft, Drilling is temporarily suspended for repairs. The well is now dry, and on resumption wa anticipate good progress. On the East Coast, clearing of the well site and the erection of a camp have been commenced. Arrangements are in hand for transporting equipment to the! site." STOCK SALES. AUCKLAND. The New Zealand Loan and Mercantile Agency Company, Ltd., reports:--We held galea of cattle during the past week at W&atfield and Warkvvorth. also sheep fairs at Warkvvorth and Clevedon. All classes of cattle sold at late quotations. We Quote: Dairy cows and heiiers, close to profit, best, £lO to £l4 10a; others, £7 to £9 15s; backward springers. £4 to £7 10s; aged cows and inferior heifers, £2 to £3 17s 6d; bulls, i' 3to £7 108; empty cows. £1 15s to £3 15a; yearling to 18-months heifers. £1 5s to Iss >; heifers suitable dairy purposes, £3 to £5; yearling to 18-months steers, £2 10s to M 10s; 2 to 2i-yoar steers, £4 12s 6d to £5 10a; 3 to 31-year. £5 15s to £6 17s Cd: to •: i-year, £7 to £7 17s 6d; grown seerst iu forward condition £8 to £9 2s 6d. We report good sales of store sheep at both Warkworth and. Clevedon. late values being more* than maintained. F.F.M. ewes made £1 2s 6d to £1 6s; f,m. ewea, 17s to £1 Is 6d: 2-tooth eives, £1 2s ftd to £1 7s; 4 and 6-tooth ewes, £1 4s to £1 7s 6d; store lambs, best, 18s to £1 Is Cd; others, 10* to 17s; store wethers, £1 8s to £1 5s 6d. At Westfield fat stock market yesterday beef was penned in average numbers. Prime and choice quality said at late Quotations, Boners and rough beef were dull of sale. Extra choice* ox sold to 32s per 1001b.: choice and prime, 2Ss to 31s; ordinary and plain, 22a to 275; prime young; cow and heifer beef. 25a to. 295: ordinary cow beef. 19s to 24:3; ronah beef. 10s to 17s; heavy prime steers, £ll 17s 6d to £l3 10s; lisrhter prime. £3O to £ll 15s; light prime. £8 10s to £9 17b 6d: unfinished and small, £7 to £S 7s fid: heavy prime young cows and heifers. £7 10* to £8 12s 6d; lighter, £6 to £7 7s fid; light cows, £5 to £5 17k 6d: balls, £2 10s to £t) 15s; otheS cows. £2 10s to £4 15s. Sheep were yarded, in larrre numbers, and values were easier, especially for ewes. Heavy prime wethers made £1 sis 3d to £1 lis fid; medium prims, £1 7s 9d to £1 9a: light prime. £1 6s 3d to £1 7a 6d; small arid unfinished. El 2# to £3 (Js; heavy prime ewes, £1 2s fid ',o £1 5s fid; medium prime. £1 to £1 ss; light prime. TPs to 19b 9d: inferiorly-fatted., 7s to 17a, Spring 1 lambs were penned in larsre numbers end sold at scarcely late quotations. Heavy prim® made £1 7s to £i 3e: medium prime, £1 Us. 8d to £1 $# OcJj Jisafc prima s

£1 Is to .£1 3b; unfinished, beat, 15s to 17s 9d; others, 7s to 14s. Pigs were penned in large> numbers and sold readily at lata quotations. Choppers sold from £3 to £5; heavy and medium bacon era, £4 lis to £5 Is; light baconers and heavy porkers. £3 18s to £<l 10s; medium porkers and light porkers, £2 19a to £3 17s; email porkers, £2 Ss to £2 ISs. Store pigs sold at late quotations. Large stores made £1 8s to £1 IBs; slips, £1 to £1 6s; weaners, 10s to 19s. Calves were penned in very large numbers and were again easier in values. Runners made £'2 10s to £4; heavy vealers. £3 to £3 17s; medium, £2 Gs to £2 19s; light, £1 lis to £2 ss; smaller. £1 to £1 10a: small and fresh-dropped, 3s to 10s; rough calves, 153 to £1 ss. Alfred Buckland and Sons, Ltd., report:— There was a full entry of sheep, ewes predominating, and these were easier in price. Prime wether mutton was firm at last w&ck's values. No extra prime wethers were penned. Heavy prime wethers made £1 9s to £1 lis ad; medium to heavy prime wethers, £1 7s to £1 8s 3d; light to medium prime wethers, £1 os 6d to £1 7s; unfinished wethers, £1 2s to £1 as; extra heavy prime young ewes, £1 3s to £1 4s; heavy prime ewes, £1 to £1 2s 9d; lighter prime ewes, ISs to IDs 3d; light tillable ewes, 16s to 17a Od; other ewes, 10s to 15s 6d (1356 sold). The lamb pens were well filled, but the quality did not equal last week's market. Extra heavy prime lambs, £ 1 4s 9d to £ 1 6s Gd; heavy prime. £ 1 3s Gd to £1 4s Cd; lighter prime, £1 Is to £1 3s 3d; light prime, 19s to fl fls 9d; small and plain, 16s to 18s 9d; store lambs, 14s to 15b 3d. weedy store lambs, 9s to 12b 6d (847 sold). Yesterday at our weekly Westfield fat stock market our supply of fat cattle totalled 662 head, as against 714 last week, comprising 345 steers, 298 cows and heifers and 19 bulls. There was a steady demand with values firm at last week's quotations. Extra choice ox sold to J2l 12s per 1001b; choice and prime, £1 10s to £1 lis 6d; ordinary and plain, £.l 7b to £1 9s; prime young cow and heifer beef. £1 5s to £1 7s; ordinary cow beef, £1 Is to £1 4s; plain and rough, 10s to 20a; extra heavy prime steers, £l4 to £ls; I heavy prime steers. £l2 10s to £l3 17s 6d; lighter prime, £ll to £l2 7s Gel; light prime, £9 15s to £lO 17a 6d; small and unfinished, £5 10s to £9 12s 6d; extra heavy prime young cows and heifers, £8 to £9 15s; one extra special cow made, £l2; heavy prime cows and heifers, £6 15s to £7 17s 6d; lighter prime, £5 to £6 12s Od; other billable cows. £;i 10s to £4 17s 6d; old and boner cows t £1 15s to £3 7s 6d; bulls, £2 to £B. Calves were penned in large numbers, values being again lower. Runners made from £3 Is to £4 lis; heavy vealers, £2 16s to £3 18s; medium vealers, £2 to £2 19s; light vealers, £1 3s to 3s to 19si (255 sold). There was an average yarding of pigs. The demand was good throughout, prices remaining firm at late rates. Heavy prime baconers made £4 13s to £5 Is- medium baconers, .£4 us to £4 lis; light baconers, £3 17s to £4 2s: heavy porkers, £3 10a to .£3 16s; light and medium, £2 19s to £3 8s; small porkers, £2 8s to £2 16s; unfinished pigs, J1 19s to £2 lis. Stores were also wanted, good framed making up to £2 lis; small, £1 16s to £2 2s; slips, £1 8s to £1 13s; small. 24s to 275; weaners from lis to 21s (398 BO'd. During the week we held sales at VVestfield, Tuakau. Pukekohe, Turua, Clevedon, Poke.no, Runciman, also one clearing sale. There were average yarding* at each centre with a. good inquiry for all classes of cattle, practically everything changing owners. Best dairy cows, at profit, made £l2 to £l4; good cows. £3 10s to £ll 15s: second grade cows. iG to £9: aged and inferior, £'3 to £5 10s.; empty youn& cows, £2 10s to £3 15s; store cows. £1 5a to .£2 ss: grown steers in forward condition, £8 5s to £3; three to four-year-old steers, £6 10s to £8; two to three-year-old steers £5 to £6 10s: yearlings to two-yeaT-okl steers. £3 to £4 18s; good calves, £1 15s to £2 10s: smaller calves, 25s to 335; small calves, 12s to 235; fat steers, J" 10s to £l2 ss; fat, cows and heifers. £5 to £8 ss, rough tillable cows, £2 15s to £4 15s; heavy bulls. jES 10s to £9; herd bulls, £6 to £10,10s; other hulls, £2 10a to £5 ss. A heavy entry of pigs at Pukekohe sold at fully Westfield values. HAMILTON., The ISTew Zealand Loan and Mercantile Agency Company, Limited, reports;—At the Hamilton sale on Tuesday we had an averago entry of fat and store cattle and sheep. Cow beef declined in value fully 20s a head. Sheep sold at late rates. We quote:—Fat bullocks, £lO 10s to £ll 12s 6d; prime fat cows, £6 12s 6d to £6 13s; rough fat cows, £4 10s to £5; cows in forward condition, £4 to £4' 6s; cows in fresh condition, £3 3s to £3 17s; 15-months-old steers, £2 12s to £2 18s; fat wethers, £1 8s 3d; 4 and 5-year-old ewes, £1 Is; 4 and 5-year-old awes in low condition, 13s to 15s. Another large yarding of fat pigs, came, forward and sold tinder keen competition at advanced rates. Good store pigs were in demand; weaners were quiet. 'Heavy bacon pigs made £4 8s to £4 19s; medium bacon pigs, £3 13s to £4 ss; light- baconers and heavy porkers, £8 5s to £3 14s; medium porkers, £2 16s to £3 3s; light porkers, £2 7s to £2 14s; good stores, £2 to £2 ss; others, £1 12s to i £1 18s; slips, £1 2s to £1 10s; weaners, 15s to 17s; others, 7» to 12s. The Farmers' Co operative Auctioneering Company reports;—At the weekly stock sala in the Fratikton yards on Tuesday, there was a good entry of beef and a full yarding <sf sheep and pigs. Prices reached in the beef pens were easier than those reported the previous week. Medium weight . steers made £lO 2s to £lO 12s 6d; light, £9 to £9 10s; unfinished, £8 2s 6d to £8 12s; heavy fat cowa, £7 15s ,to £8; medium prime cows, £6 5s to £6 lis; medium, £5 to £5 17s 6d; light cows and heifers, £4 to £4 17b 6d: best vealers, £3 to £3 4s; small, 31s. Sheep: Mutton was slightly easior and the competition for breedinfg ewes was not up to the standard of other late sales, while all classes of lamba were sought after and prices were firm. Prime 4 and 6-tooth wethora made 28s Cd; fat ewes, 18s to 22s 6d; medium 2 and 4-tooth store wethers, 23s 6d; small 2-tooths. 20s 9d; medium 4-tooth 1;o 5-year ewes. 235, 3d; <i and 5-year-old ewes, 19s to 23s 6d; failing mouths. 16s to 17s Gd; good 2-tooth Romney ewes, 28s 3d. Pat lambs made 22s to 22s 6d; medium. 18s 6d; forward B.F. woolly lambs, 17s 6d to 18s :3d; good forward W.F. shorn lambs, 17s Id; best shorn store lambs, mixed sexes, lis 3d to 15s; small woolly lambs, 10a 6d; culls, 7s to 9s. .Pigs: Heavy baconers and good porkers again sold under firm competition a: ad prices showed a further improvement, Good quality heavy baconers made £4 10(1 to £4 18s; heavy, £3 17s to £4 4s; medium, £3 10s to £3 15s; light baconers and good porkers, £3 5s to £3 8s • light to medium porkers. £'2 10s to £3; small and unfinished, £2 to £2 l>a; slips, 10s to 235; best weaners, 10s to 143; small, 3s to 6s. ADDINGTON. [BY TELEGRAPH.—PRES3 ASSOCIATION.] CHRISTCHURCH, Wednesday. Entries were very heavy in the -store sheep section at the Addington market today, but a fair sale eventuated. Lambs wexa weaker in price, but ewes were hrmer. Fat lambs were also a shade lower, and fat 'sheep were about the same. I* at cattle wera easier for secondary quality. Store Sheep.—There was a very heavy entry from Marlborough, tne Sounds, Knikoura and Poverty Bay. Lambs sold irregularly and at easier values than last week by about Is a head. Local four jna five-year ewes improved by Is bd to 2s, but North Island ewes were hard of sala. torward lambs brought from 20s 6d to 22s sd; medium lamba. 18s Gd to 20a; small. 15s to 17a lOd; inferior. 13s 9d to 14s 9d; cull, lis to 13s; four, six and eight-toothed halfbred ewes, 24a to 27s 3d; four and fiveyear crossbred ©wea, 19s to 225; two-toothed Romney cross ewes, 23s to 23a 2d; fourtoothed Romney cross ewes, to 34s 4d; four and six-toothed hs,lf bred wethera, 21s to 23s 6d; two and four-toothed wethers,, 20s to 235. Fat Lambs.—A total of 4100 was offered, a few more than last week. The sale was scarcely so spirited as last week, values being down "by about Is per head. Prices came within schedule values. Extra heavy lambs, to 31s lOd; heavy-weight lambs, 27s to 23s 3d; medium-weight prim© lambs, 26s to 29s 6d; light and inferior lambs, 23a 6d to 25s 3d; store Inmbs, !20a to 235.. Fat Sheep.---About, 8i races were penned, as compared with 11 last week. Values were on a par with last week, ewe a being s, shade easier over the final stages. Exporters operated freely. Extra prime wethers, to 34s 4d; prime wethers, 29s 6d to 325; medium wethers, 26s 6d tr> 295; light. 22s 6d to 265; extra prime ewes, ':o 27s 4d; prime. 24s to 26s 3d; medium, SlOs to 23a 6d; light, 17s to 19s 9d; old, 14s 6d to IGs 3d. Fat Cattle.—-The entry totalled 615, compared with 480 last week, the bulk being; cows. For really good beef values were about the same, but all other classes were down by about 15s ! per head. Best- beef made 40s per 1001b.; medium-weight prime, 35s to 37s 6d: heavy beef, 32s Gd to 34s fid; medium quality, 29s 6d to 32e 6d; cow beef, 26s to 28s Gd; rough, 21$ to 255; extra prime heavy-weight steers, to £lB 7s Gd; prime heavy steers. £l4 15s to £36 10s; prime medium-weight, £l2 5s to £l4; medium quality, £lO to £l2; light. £8 7s (3d to .€9 10b-, extra prime heifers, to £ll sa; prime. £7 10s to £9 10s; ordsniiry, £5 15s to £7- licnt, £4 to £5 10s; extra prim is cowa, to £l2 -10s; ■orime, £7 53 to £3; medium, £5 lo £7; light, £3 12s Gd to £4 17s fid, Vealers,—Tbers was an overflow entry and mediocre quality was lower in price. Calves, 15s to 37s Cd; best, 40s to 50s; runners, £2 15s to £6 ss. , Store Cattle.—There was a nondescript entry of cowa find bulls. Cows, 35s to £4 if>«: bulls. 25s to M 17s fid. Dairy Cattle.—Bent second, third .and fourth .calvers. £8 IDs to £l3 15s; medium, £6 to £8; inferior, £2 to £5; best heifers, £lO to £ls; others, £3 to £6 10s. Fat Pigs.—A better demand prevailed. Choppers, £3 to £9 10s; baconers. £3 15s to £5 12» (averasze per lb. CJd to 71a); workers, 48s to GSs (average price per lb. 75d to 8M). „ Store Pigs, —Tho entry was mostly of weaners and email stores. There was a slight improvement in values. Weaners. 16s to 26a Gd: slips, 27« to 33#; stores, 35s to £2B; sows in pig, £3 10s to £5.