NEW WOOL PACK IMPROVED

New Zealand Herald, Volume LXIII, Issue 19383, 19 July 1926, Page 7

NEW WOOL PACK IMPROVED

REDUCTION OF COST. FURTHER SAVINGS POSSIBLE. A and N Z- LONDON. July 16. Representatives of Australian, Now Zeaiand and South African woolgrowers attended a demonstration in London to show the all-wool wool packs which had been returned full from Australia. New material was also exhibited, which it is believed, will avoid the weaknesses of the first.

Sir William Aykroyd, Bradford, admitted that many of tho criticisms made in the Dominions last year about the pack were justifiable. Practically all arose from the elasticity of the material. ShiCi the last packs were sent out thev had succeeded in improving the method of manufacture and had produced a more closely woven material. They had also put i*t through a shrinking process which closed the pores and strengthened the material, preventing it from sagging. As a result, automatic looms re ]uir*?d less attention. They had succeeded also in reducing the cost of all-wool packs to 16s 6d, compared with 6s 6d for jute packs. With the extra halfpenny a lb. promised for all wool packed in all-wool packs and growers would actually make a profit of 2s to 3s a bale, compared wth the wool sent in jute packs. If the new pack were used on a large scale the cos' of production would be further reduced. The manufacture of the packs would also increase the consumption of low grade wool. French, American and Japanese manufacturers supported the new pack.

AUCKLAND COMPANIES. FOUR NEW REGISTRATIONS. One public company and three private companies were registered in Auckland on Saturday. Details are as follow: PUBLIC. District Training Tracks, Limited. Objects: To purchase a block of land of approximately 85£ acres forming part of the Glenora Park Estate, Papakura, and construct tracks for training racehorses, etc. Capital: £SOOO in £1 shares. Subscribers : Frederick Earl, barrister, Auckland, 500 shares; William Henry Wackrow, sawmiller, Rotorua, Wen7.l Scholium, agent, Auckland, Arnold Woodford Izard, medical practioner, Wellington, Arthur Egerton Tattley, merchant, Auckland, Preston Chambers, civil engineer, Auckland, George Sedgwick Kent, solicitor, Auckland, Ewen William Alison, junr., Auckland, and Annie Lilium Evans, accountant, Auckland, 250 shares each.

PRIVATE. Hauraki Plains Motors, Limited. Objects: To acquire the motor business now carried on by Albert George Crock ford, etc. Capital: £lslO in £1 shares. Subscribers: Albert George Crockford, motor garage proprietor, Ngatea, 750 shares; Thomas Albert McClean, farmer, Ngatea, 600 shares; Alexander Henry McClean, farmer, Ngatea, 150 shares; Martha Ann Watson, married woman, Ngatea, 10 shares. The National Printing Company, Limited: Objects to acquire tho businesses known as " Tho N.Z. National Review " and tho National Printing Company, etc. Capital: £3OOO in £1 shares. Subscribers: George Robert Hart and Bertie Coleman Jacobs, Publishers, Auckland, 1500 shares each. Kenneth Eady, Limited. Objects: To" acquire the business of music and muscial instrument dealers now carried on by William Kenneth Eady, etc. Capita!, £15,000 in £1 shares. Subscribers: William Kenneth Eady, piano importer, 10,200 shares; James Harvey Richardson and Arthur Gordon Eady, 1000 shares each; Campbell, 600 shares; Alice Mildred Glynes and Eliza Foote, <OO shares each; John Richard Readdy and Reginald Charles Robinson, 250 shares each; William Randall Glynes, Stanley Percival Glynes, Lucy Percival, and Caroline Large, 200 shares each; Eliza Foote, 100 shares.

DUNEDIN MARKETS. LITTLE CHANGE IN POTATOES. [BY TELEGRAPH.—OWN CORRESPONDENT. ] DUNEDIN, Buuday. There is little to record in the milling wheat market. Millers are picking up odd lines at round about 7s per bushel, on trucks, country sidings. Fowl wheat is in fair supply and realises from 6s to 6s 6d per bushel on trucks, country stations. The oat market continues in a stagnant condition. Little business can be done with the North Island and there has been a further weakening in the quotations f.o.b.s.i. A grade are now quoted at 4s Id, f.0.b.5.i., and B grade at 3s lOd. These prices are equivalent to 3s Id on trucks for A grade and 2s lOd for B's. The few transactions that have taken place have been in undergrade lines suitable for feed. North Island merchants are securing the oats on a basis of 3s 6d per bushel, f.o.b.s.i. There is no lack of oats in merchants' hands, but only small lots are offering from farmers. The quantity of chaff on offer is about equal to the demand for local requirements. Any surplus is finding its way to the North Island on a basis of £7 Iss per ton f.o.b.s.i. Local quotations are unchanged at £5 10s to £6. Latest advices state that merchants in Australia have bought further quantities of potatoes, August delivery, and some 100,000 sacks of potatoes, starting from the commencement of the season, have now been placed. About 75,000 sacks of potatoes have already been sent across the Tasman. Most of them have been purchased in Canterbury, but large quantities are still held there. There has been little appreciable change in the local market and the prices remain firm. Good tables are worth up to £6 10s per ton, ex truck, sacks included. Apart from the consignment arriving from Canterbury there are fair sized offerings from the local country districts. The seed market has received little attention lately. Odd lots, however, have been secured" by firms with a distributing trade among " farmers. Otherwise the whole of the seed trade is quiet.

COTTON IN AUSTRALIA. BOUNTY FOR GROWERS. Following upon the announcement by the Australian Minister for Trade and Customs, Mr. Pratten, that the Ministry had decided to grant a bounty of l£d a pound for five years on all seed cotton grown in Australia, he tabled in Parliament a few days ago the report of the Tariff Board on cotton growing generally. The outstanding point is that while the Tariff Board recommended a bounty of 2d a pound, the Minister decided to recommend to the Cabinet a bounty of on!v a pound. When Mr. Pratten tabled the report Mr. Forde contended that a bounty of from ljd to a pound was quite inadequate if the Ministry desired to give that fillip to the cotton industry which was so essential if it was to be carried on through the initial stages. He did not see the use of having a Tariff Board if the Ministry was to 'depart from the recommendation of the board, notwithstanding the fact that the board's decision had only been arrived at after thoroughly investigating the position. Mr. Pratten said that he had listened to Mr. Fordo with particu!ar because he, himself, »ad hac * perience of the meaning of paganda. (Ministerial hear hears.) When E time came hj„ worfd justify the decision which the Minis ry had reached.