ARTIFICIAL SILK TRADE.

New Zealand Herald, Volume LXVI, Issue 20162, 24 January 1929, Page 9

ARTIFICIAL SILK TRADE.

BIG ADVANCE IN BRITAIN.

SECOND IN WORLD PRODUCTION.

(Received January 23, 6,25 p.m.) British Wireless. RUGBY, Jan. 22. The remarkable progress made in respect to the colour arid texture of artificial silk is made apparent at an exhibition of British artificial silk goods, which is being held at Olynipia. Sir Robert Home, in opening the exhibition, referred to the rapid strides made by the British branch of the new industry. In 1900 the whole production in the world was 1000 metric tons. In 1910 that figure had risen to 8000, tn 1920 it. was 25,000, and to-day it was 154 000.

Ten years ago Britain was fourth on the list of countries producing artificial silk, but to-day she was second only to the United States. In 1925 Britain was producing only 24,000,0001b. of artificial silk. Tn 1928 she produced 52,000,00011). To-day she was not only supplying her own needs but was sending enough artificial silk products abroad to produce an extia revenue of £7,000.000. The material produced had been improved immensely in quality, colour and design.

THE LONDON MARKETS.

FOREIGN EXCHANGES

(Received January 2:?. 5.5 p.m.)

British Wireless

UUGBY. Jan. 22

LONDON DAIRY PRICES

BOTH MARKETS QUIET.

Joseph NaUian and Company, Limited, have received the following cablegram from their London house, Trengrouse and Nathan, Limited :—Butter, 1.82s to 184s. Cheese, white 02s; coloured 945. Both markets are quiet.

POWER ALCOHOL

PRODUCTION IN QUEENSLAND

BRISBANE. Jan. 23. Power alcohol manufactured in Queensland •will be, marketed next, month. Its (production has proceeded for some time. Half of the shares in the manufacturing company are held by sugar interests.

THE A.M.P. SOCIETY

RECORD OF NEW BUSINESS

Mr. F. F. Mcßrvde, manager for New Zealand of the Australian Mutual Provident Society, advises that the total new business completed for 1928 was £21,340.458, comprising £17,075.837 for the ordinary department, and £4,264.621 for tho industrial department, exceeding the previous year's figures by nearly £2,000,000, and creating an absolute record. The New Zealand branch has again achieved a wonderful record for tho year, having provided over £4,750,000 of the whole total.

SYDNEY WOOL SALES

GOOD GENERAL COMPETITION

Australian and N.Z. Press Association. (Received January 2.'i. 11.35 p.m.) SYDNEY, Jan. 23. At the Sydney wool sales to-day 10,444 bales were sold. Japanese competition was keen and there was also good support from Yorkshire and on Continental account. Greasy Merino sold to 35|d.

LONDON WOOL SALES POSTPONED

Australian and N.Z. Press Association. LONDON. Jan. 22. The London wool sales were not held to-day owing to the prevalence of a fog.

Dalgety and Company, Limited, report having received the following cablegram from their London house, dated January 22: No wool sales have been held to-day owing to the thick fog. The active demand continues, but prices for crossbreds, all descriptions, now show very little change as compared with the closing rates of last, series. If anything the tendency is in favour of sellers still.

COLOMBO TEA SALE

Australian and N.Z. Press Association (Received January 23, 5.5 p.m.)

COLOMBO. Jan 22. Tlio tea catalogued at to-day's sale totalled 3.750,0001b. Tlio quality was fair and demand was good. Common sorts declined about two cents; others showed little chango hut a dearer tendenev. Broken orange l'ekoe: Fine, 125 to 130 cents per lb.; medium, 105 to 108 rents; common, 06 to 88 cents. Broken Pekoe; Fine, 112 to 115 cents; medium, 95 to 98 cents; common, 75 eenls; commonest, 68 cents. Next, week's catalogue totals 2,700,0001b. CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. CHICAGO, Jan. 22. Wheat.—March, 1 dollar 25,j cents per bushel; May, 1 dollar 28g cents; July, 1 dollar cenls. SOUTHERN EXCHANGES. [BY TELEGIUI'H. —rRESS ASSOCIATION.) WELLINGTON, Wednesday The following Stock Exchange sales are reported: —4£ per cent. Stock (1938), £99 10s; Bank of New Zealand, 62s (two parcels); Now Zealand Refrigerating (10s paid), 8s Id; British Tobacco, 46s 6d. CH HI STC HTJ R Cll Wednesday. The following sales wero matte on the Stock Exchange 10-day English, Scottish and Australian Bank, £1) 18s fid; Commercial Bank of Australia (rights), 8s 6d; United Building, 16s I0d; Christchurch Cas, 26s fid; British Tobacco, 46s 3d, 46s 4d ; Dunlop Rubber, ?6s; Mahaki pawn, Is 2ft (two); New Zealand Government per cent, bonds (1938), £99 ss; Uuddart-Parker, 4Qs fid; Wnihi, 15s (four); New Zealand Government 5J per cent, inscribed stock (1941), £99 10s. DUNEDIN, Wednesday. The following sales were made on the Stock Exchange to-day:—Westport Coal, 30§; National Bank of Australasia (con.), £9 12a.

The following r.utes on foreign ex changes aro current to-day, compared with the cabled quotations on January 15 and par Jan. la. Jan. -2. far. Montreal, d<>l . • 4.801 4.800 New York, do). . 4.H4 31-32 4.85 1-10 4.8bb Paris, fr. 1-21.10 121.15 121.21 Brussels, belga . . 34.91 30.00 35.C0 Geneva, fr. . • 25 .22 25.21 25.22 Amsterdam, fl. 12.003 12.093 12.10 Rome, lire . . 02.95 92.70 92.40 Berlin, r.ui. 20.41 •20.41 20.43 Stockholm, kr. . 18.1 1 18.1 1 18.159 Oslo, kr. •. . 18.105 18.15 18.159 Copenhagen, kr. . IS.185 18.18 18.159 Vienna, sch. 34.52 34.50 34.585 Prague, kr. . . 103) 1033 " 24.02 Helsingfors, mark 102! 1023 192 23 Madrid, pes. 59.095 '20.70 25.221 Lisbon. eseu. .. no} 100-5-10 375,00 Athens, dr. 375 375 Bucharest, lei. . 808 807 i 25.225 Rome, lire . . 02.05 92.70 02^40 I'io de Janiero, mil f» 29-32 5 '20-32 — Buenos Aires, dol. 47 7-10 47 J 47.57d Calcutta, rupee . 18 1-32 18 1-32 18d Shanghai, tael . 303 31 t — Hongkong, dol. . 21 211 — Yokohama, yen . 2-2-15-32 22 15-32 24.58(1 Batavia, fl. . . 12.111 12.U 12.10