COMMERCIAL.

New Zealand Herald, Volume LXIII, Issue 19291, 1 April 1926, Page 7

COMMERCIAL.

AUCKLAND COMPANIES.

THREE NEW REGISTRATIONS. One private and two public companies were registered at Auckland yesterday. Following are particulars: — PUBLIC. Gillett Motors, Limited, dealers in automobiles and mechanical engineers. Capital, £50,000. Subscribers: John Arkell Gillett, Francis Bell Codman, John Murray, Eric George Wright, Jeremiah Dalziel, Annie Irene Lang and Flora Rattray Pope, one share each. O'Brien Developments (New Zealand), Limited, manufacturers and dealers in patent burglar protective devices. Capital, £45,000. Subspribers: John Hamilton Mason, Edwin James Vallentine, Harry Ernest Gillespie, Sydney Frank Woodroffc, Morgan Cyprian McMahon O'Brien, Reginald Percy Milton Manning, Harry Arnold Robertson, Archibald Bernard Wheatley, Clement Eugeno Smith, Campbell Thomson, Hugo Friedlander and Charles Fisher Gardner, live shares each. PRIVATE. Segaars, Limited, general merchants. Capital, £2OOO. Subscribers: Bryan Lynch Dignan, Frederick, Victor Semi, Cornelis Andries Segaar and Lancelot Joseph Waddell, 500 shares each. TARANAKI OILFIELDS. REPORT ON OPERATIONS. Taranaki Oil Fields, Ltd. report for tne week ended on March 27, as follows: — Tarata.—Drilled to 4625 ft. in shalo. Slow progress duo to nature of formation. Moturoa.—Removed 2100 ft. of B|iil. diameter casing. Well-filled to 1500 ft. Bast Coast, No. 1 well.-—Whole of equipment and timber, and 20 tons of casing, on site. Foundations for rig weLl forward. Weather unsettled. AUSTRALIAN PRODUCE. Australian and N.Z. Cable Association. (Reed. 12.35 a.m.) SYDNEY. March 31. Following are to-day's quotations on the Sydney produco market: — Wheat.—Steady business is proceeding in farmers' lots on a basis of 5s lid ex truck, Sydney, which is about 5s 4d to the grower delivered at country sidings for bagged lots, and 2d less for bulk. Oats.—Tasmanian, Algerian, 5s 3d; white, 6s. Maize.—White, 6s; yellow, 6s 3d Potatoes. —Tasmanian, -£l6 to £l7 10s. Onions.—Victorian, -£22 to £23. Adelaido quotations are Wheat.—Growers' lots, 5s 9d to 5s lOd : parcels, 6s 3d. Oats.—3s to 3s 3d.

CHICAGO WHEAT MARKET. Australian aud N.Z. Cable Association. (Reed. 5.5 p.m.) CHICAGO. March 30. Wheat.—May, new, 1 dollar 59 3-8 cents, per bushel; old, 1 dollar cents. July, 1 dollar 36£ cents. September, 1 dollar 31 7-8 cents. BRITISH MARINE BOILERS. DEMAND B\ T FOREIGN YARDS. Although many foreign countries now possess their own shipyards for the construction of mercantile vessels, they still depend* to some extent on British engineering productions. An example of this is to bo found in the demand from overseas for Thornycroft water tube boilers. It is significant that these boilers are exported to practically every locality where foreign vessels are "built. * Thus, since the war, over 50 have been supplied from the Southampton works to China alone, while a recent delivery of more than ordinary interest consisted of throe boilers, equipped for burning oil fuel, to the order of a French shipbuilding firm for installation in three cruisers building for the Government of Columbia, South America. DISTILLATION OF COALJ. PROSPECTS OF NEW PROCESS. The system of low temperature distillation of coal, invented by Mr. Harold Nielsen, says the London Morning Post, may cause a revolution in the iron and steel trade and bring down costs in that hard-pressed industry. At present in .England good cooking coal, as free from sulphur as possible, is used in the blast furnaces. Pig iron thus produced costs about 72s a ton. lo transform the pig iron into steel, a good class of coal must again be used. In Franco a very small coke is used, which is less than half of the price of the English coking coal. Tho price of pig iron in France has been reduced by 60 per cent, by this means. Under Mr. Nielsen's system the use of coko ovens would be eliminated. Tho coke would lie replaced by distilled fuel, which can be obtained from inferior rawcoal and costs much less than the coking coal at present used. The price of pig iron and steel would thus bo considerably reduced in England; this might prove the salvation of the industry in its fight against foreign competition. Some lending German iron and steel masters have suggested to Mr. Nielsen that lie should introduce his low temperature distillation plant in their works. Tn return for giving them the distilled fuel, Mr. Nielsen would have the. oils. By this means the Germans would obtain fuel for their steel trade at a much lower cost than today, and would be a correspondingly keener competitor acjninst England. " About four months ago, the Stinnes factories perfected a system of distillation. It is called the rotary retorts system; but it. is considered bv experts loss adapted for the purpose than that invented by Mr. Nielsen. Low temperature distillation is also being examined in Japan. Some time ago tho Japanese Government voted a credit of £600.000 for a system of distillation whereby her navy could bo supplied with oil. When distillation becomes universal tho price of small coals will naturally rise, since small coal would automatically become more valuable.

Where, to-day, big coal is .sold nt 19s a ton and small coal at 4s, the small coal would rise In the same price as tho big coal, thus helping the conl trade considerably. From n thermal point, of view the two sorts of coal arc identical, but the small coal cannot now be adequately used. STOCK SALES. AUCKLAND. Tho New Zealand Loan and Mercantile Agency Company, Limited, report:---Wo held miles during tho past week at Westfield, Ngateu and Knukapakupa. We also held clearing salwi on account Mr. S. Hall. Swanson, Mr. E. Bates, Ilunua, and Mr. Alex. White, Pakuranga. Wo report good sales in each case, especially that of Mr. Alex.. White. Wo quote: Best dairy cowa and heifers, close to profit. £ll to £ls 10s: othara. £8 to £lO 10s; backward springer, £• r, to £7 15s: aged cowa and inforffir heifers. £2 to £4 15k: bulls. £2 to £lO Iff. according to weight and Quality; yearling to 18-months heifers, £1 12s f>d to £3 10s; yearling to lb-months steers, £2 10s to £3 15s; 2 to 25-year steers. £4 to £4 17s 6d; 3 to 31-yoar steers,' £5 to £5 17s 6d; 4 to 4i-year steers, £fi to £7 ss; grown steers, in forward condition, £7 10s to £8 ss; weaner calves. 10s to £1 10s. At WeaOiold fat stock market yesterday bocf was ponned in average numh«re, being comprised mostly of cow and heifer boef. which was firm at lato Quotations. Choice and primo oxen improved in value. Extra choico ox eold. to 30a Per 1001b; choico and pruno- -ox. 268 to 2Sss

ordinary" and plain ox, 21s to 25a: prime young cow and heifer beef. 23s to 2bs: ordinary cow beof 18s to 22b; rough beof, 12s to 17s: no extra heavy prime steers w'ero penned; heavy prime steers, £l2 to £l2 15s; lighter prime steers. £lO 12s 6d to £ll 17s Gd: light prime steers, £9 to £lO 10s; unfinished ano small. £7 5s to £8 15s; hoavy prime young cows and heifors, £7 to £8 ss; lighter, £G to £G 17s fid; light cows, £5 to £5 17s Gd; bulls, £2 10s to £lO 10s; other cows, £2 10s to £4 15s; poor and weedy cows, £1 5s to £2 7s Gd. Sheep were yarded in loss than average numbers, selling readily at improved values. Heavy prime wethers. £1 9s to £1 10s Gd; medium prime wethers, £1 7s to £1 8s 9d; small and unfinished wethers 19s 'to £ 1 Gs fid: heavy prime ewes £1 Is Gd to £1 3s; medium prime owes. £1 to £1 Is; light prime ewes, 17s to 19s 9d; inferiorly fatted ewes, 7b upwards. Lambs were penned in small numbers, selling at late quotations. Heavy prime, £1 4s 3d to £1 Gb; medium prime, £1 2s to £1 4s; light prime, £1 to £ 1 Is fid; unfinished bent, 15s to 18s Gd: others, 10s to 14s 9d. Pigs were penned in average numbers. There was a poor demand, and values dropped considerably on late quotations. Choppers sold from £2 10s to £3 ss; heavy and medium baconers, from .£3 18s to £4 4s; light baconers and heavy porkers, from £3 to £3 lGs; medium porkers and light porkers, from £2 10s 'to £2 18s; sin an and unfinished porkers, £l. 15s to £2 6s. Store pig» in average numbers met with a poor sale. Values declined on Into quotations. Large stores. 15s to £1 ss: Blips, 8s to lis- weaners, 2s to Gs. Calves wero penned in less than average numbers. Values declined on late quotations. Runners, £2 10s to £3 10s; heavy vealers, £2 12s to £3 8s; medium. £2 to £2 10s; light. £1 5s to £1 18s; smaller. 15s to £1 3s: small and fresh dropped, 3s to 12a ; rough calves Gs to 10s. Dalgely and Company, Limited, report:— Beef; An averago yarding and values for ox beef wore better and all steers Bold under keen competition. Good heifers and young cows also better. Best average of the day on account tf Messrs. He id Bros., Opotiki; (> show Bteers averaged £l4, 2 Hereford heifers at £lO 15s Od. We quote extra choice and prime ox, 30s per 1001b; choice and prime, 27s to 295; ordinary and plain, 22s to 245; prime young cow and heifer beef. 2Gs: ordinal, 225; rough, 12s to 20s. Sheep; A smaller yarding. Priceß in consequence were decidedly better for well finished sheep. Heavy prime wethers, £1 lis 3d; medium prime, £1 8s to £1 10s; small und 1 unfinished, £1 2s to £1 Gs; best heavy prime ewes, 235; medium, £1 to £1 Is; light and unfinished. 14s to 18s. Lambs: An averagp yarding, there being little or no change in values. Heavy prime lambs made Q7s: medium, 245; light, 20s to 22s Gd; good rap'e lambs, 15s_ to 18s. Calves: A pood yarding, prices again being slightly easier. Runners. £3 18s to £4 2s; heavy vealers. £3 2s to £3 9s; medium, £2 15s to £3: light, £1 18s to £2 Gs; small, £1 8s to £1 15s: fresh dropped, 3s to 7s. Pigs: A fair yarding. Prices for baconers remained firm but porkers wero easier. Choppers, £4 8s to £4 15s; medium and heavy baconers, £4 to £4 lis: light baconers and heavy porkers, £3 8s to £3 13s; medium and light porkers, £1 16s to £2 17s. Alfred Buckland and Sons, Ltd., report: —During the week we held sales at Westfield, Waitakaruru, Pukekohe, also three clearing sales. Good dairy cows and heifers at profit are in keen demand, best selling at from £l2 to £ls 10s; second grade cows. £8 10s to £ll 15s; others, £(i to £8; aged aud inferior, £2 10s to £5 10s; grown steers in forward condition, £7 10s to £8 7s Gd; 3} to 45-year-old steer 3, £6 to £7 7s Gd; :5 to 3-year-old steers. £4 15s to £5 15s; yearling to 18-monlh-old steers, £3 to £1 10s; empty young cows. £2 5s to £3; store cows. £1 to £2; fat cows and heifers. '£4 10a to £7 ss; rough fat cows, £3 5s to £4 ss: boner cows. £1 15s to £3 2s Gd; light fat steers, £8 2s Gd to £9 12s Gd; 18-month-old heifers, £1 15s to £3 10s: steer calves. £1 10s to £2; mixed sex calves, £1 3s to £1 8s; smaller calves, 15s to £1 2s: small calves. 10s to lis. There was an extra heavy yarding of pigs at Pukekohe. The demand was steady throughout, with values fully equal to Westfield rates. Yesterday at our weekly Westfield fat stock market our supply of fat catllo numbered 487 head, as compared with 417 head last week, comprising 139 steers. 338 cows and heifers, and 10 bulls and stags. There was a steady demand throughout and all choice and prime cattle were slightly firmer, other classes unchanged. Extra choice ox sold to £1 10s per 1001b.; choice and prime ox, £1 7s Gd to £1 9s; ordinary and plain ox, £1 5s to £1 7b: prime young cow and heifer beef, £1 2s to £L 7s; ordinary cow beef. 18s to £1 Is; plain and rough, 10s to 17s. No extra heavy prime steers penned. Heavy prime steers ranged in price from £l2 to £l2 12a Gd; lighter prime steers, £lO 15s to £ll 17s Gd: light prime steers. £9 to £lO 12s Gd: small and unfinished steers, £5 10s to £8 17s Gd: extra heavy prime young cows and heifers, £8 to £9 ss; heavy prime cows and heifers. £6 15a to £7 17s (id; lighter prime cows and heifers, £5 to £6 12s Gd; other killable cows, £3 15s to £4 17s Gd; old and boner cows, £1 to £3 12s Gd; stags and bulls, £1 10s to £8 ss. The sheep pens were well filled with a nice class of mutton. There was an improved demand and generally values wero firmer by 2s a head. Extra heavy prime wethers, £t lis to £1 12s; heavy prime wethers, £1 9s to £1 10s 9d; medium to heavy prime wethers, £1 7s Gd to £1 8s Od; light to medium prime wethers, £1 Gs to £1 7s 3d; unfinished wethers, £1 2s Gd to £1 5s Gd: extra heavy prime young ewes. £l 2s Gd to £1 4s Gd: heavy prime ewes, £1 Is to £1 2s 3d; lighter prime ewes, 19s to £1 Gd: light killable ewes, lGs Gd to 18a 3d: other ewes, 15s to 1 lis 3d (1408 sold). Lambs penned to the number of Gl7 and sold at late values. Extra heavy prime lambs, £1 5s to £1 8s; heavy prime lambs. £1 3s Gd to £1 4s 9d; lighter prime lambs, £1 la to £1 3s 3d; light prime lambs, 19s to £1 0s 9d; small and plain lambs, lGs to 18s 9d. Fat and young calves wero again penned in average numbers. Values for good quality calves were steady at last week's rates. Rough calves were again lower. Runners made from £3 to £4 ss; heavy venlers, £2 10s to £3 12s; medium vealers, £2 to £2 12s; light, £1 Is to £2 8s; small aud freshdropped, 3s to lGs (227 sold). The yarding of pigs was a record for this season, the number being far in excess of requirements, with tho result that prices declined considerably, especially for porkers. Heavy baconers, £4 5s to £4 10s; medium baconers, £3 12s to £4 3s; light, £3 5s to £3 10s; heavy porkers, £2 18s to £3 2s; medium. £2 8a to £2 13s; light, £2 to £2 ss: small and unfinished, £1 8s to £1 18s. Stores also sold at lower rates. Good framed, up to £1 12s; smaller, £1 Is to £1 8s; weaners. from 2s up to lis (a total of 71G were sold). HAMILTON. Messrs. ' Dalgely and Company. Limited, report having held their usual weekly stock Bale at Frankton saleyards on Tuesday. There was a fair yarding of beef, for which the demand was slightly better. Choice ox light-weight sold at up to £9 7s; choice heifers and cows sold at up to £7 15s; ordinary cows at £5 5s to £G 12s; inferior and light to £4 15s. Only a few store cattle wero yarded, selling at late rates. Dairy cows up to £7 ss; sheep were yarded in lesser numbers and fat wethers made 25s'Gd to 275; prime ewes made up to 20s Id; shorn lambs made Us 3d to 9s Gd; fat shorn lambs, lGs Gd and 17s; late shorn wethers, 21s Gd. There was a small entry of pigs, which sold easier than previous sales. Stores sold at late rates. Heavy baconers, £3 19s to £4 8s; medium. £3 12s to £3 17s; heavy porkers, £2 19a to £3 8s; light, £2 5a to £2 13s; choppers. £3 15s to £4 19s; large Btores, £1 10s to £1 15s; good slips, 19s to £1 7s; weaners, 9a to 12s; others, 5a Gd to 7s Gd. Now Zealand Loan and Mercantile Agency Company, Limited, report:—At the Hamilton sale on Tuesday last there was a good yarding of ox and cow beef, which sold at slightly ndvanced rates t The entry of both store cattle and sheep was below the averago and met with a moderate demand. "SVe quote:—Prime fat steers. £9 13s to £ll 17s; iighter fat steers, £8 to £9 9s: prime fat cows and heifers, £G 8s to £7 12s; medium fat cows and heifers, £5 13s to £5 15s; threo to three and a-half-year-old steers in good condition, £G 17s Gd; dairy cows in profit, £5 10s to £G; light fat wethers, £1 5s Gd: woolly lambs, 13s fid. An averago yarding of fat, and store pigs came forward. Fat pigs sold on a par with Into rates, stores and weaners being a little better than last week's sole. We quote:—Heavy baconers. £3 Ms to £4 3s; medium baconers, £3 7s to £3 10s; heavy porkers and light baconers,. £2 18s to £3 -Is; porkers, ,£'2 5s to £2 12s; good stores, £1 10s to £1 18s; slips, lGs to 18a; wjjanerß, 8s to 12s. The Fanners' Co-operative Auctioneering Company report:—ln the Frankton yards on Tuesday we hnd a fair entry of beef, comprising chiefly good quality cows and heifers, and values reached showed an improvement on those for tho previous week. Medium-weight prime steers sold to £lO 8s; lighter, £9 lis; small to £8 4s; good quality prime cows and heifei'3, £7 to £8 2s: lighter prime, £G to £0 19s; well finished light, £4 10a to £5 10s; plain and unfinished, £2 10s to £4; medium vealers,- 35s to £2; fresh conditioned cows, £2 15s to £3 ss; stores, 30s to Ci. A small number of fat and store sheep were penned and sold at lato rates. Medium four-tooth fat wethers, 25s 4d; woolly 1 union. 21s; store lambs in wool, 14s to 15s; medium four-tooth store wothers, 235; fair two-tooth wethers, 20s to 21s. A medium entry of fat and storo pigs was submitted, the quality of the fats was not up to tho usual standard and prices wero easier, stores if anything, sold at. slightly advanced rates. Heavy baconers. £3 19s to £4 8s; good baconera. £3 13s to £3 17s; medium, f.UGs to .13 10s; Hjj} 1. baconers and good porkers. £3 to 13 3si ,"iedium porkers, £2 15s to £2 18s; light to medium, £2 5s to £2 12s; good slips and store porkers. 27a to 35a; small slips, lbs to 19s Gd; weaners, 5s to 10a Od. PROPERTY SALES. Messrs. Robert C. Carr will offer at auction at noon to-day, at their oiliees. 20. Swanson Street a property consisting of naif an acre of land and a five-roomed house, situated at the comer of Station and Coronation liouds. Punatoetoo. . .