THE TEXTILE TRADE

New Zealand Herald, Volume LXXII, Issue 22004, 10 January 1935, Page 5

THE TEXTILE TRADE

BRITAIN'S RECOVERY

AN ENCOURAGING OUTLOOK

The position of the British textile industry is more encouraging to-day than it has been at any time during the last few years, according to a statement issued by the Earl of Derby, president of the British Textiles Exhibition, the textiles section of the Britisli Industries Fair, which will open at White City, London, next month. Discussing conditions in the trade, the statement continues: "Textiles have by no means recovered from the effects of the depression, but progress has been much better than could have been foreseen a year or two ago. In the face of many discouragements the industry has shown an admirable adaptability, and its response to adversity lias been an energetic search for new markets and new lines of trade to replace those lost on account of trade barriers and falling purchasing power.

"In the recovery of the British export trade since 1931 it is noteworthy that textiles have shown larger gains than all other British manufactures put together. Textiles now comprise nearly two-fifths of Britain's total exports of manufactured goods, and form a larger proportion of foreign trade than they did three years ago."

ANGLO-PERSIAN OIL

INTERIM DIVIDEND DEFERRED

For the fourth year in succession the directors of the Anglo-Persian Oil Company have elected not to declare an interim distribution on the ordinary stock, but to defer the question of a dividend until the accounts for the whole year are available. For the past two years a dividend of T>er cent has been declared after the closing of the accounts, while the net profits since 19131 have shown a steady increase, those for 1933 being £2,141,794, against £1,616,773 in 4931.

MOTOR SPIRIT FROM COAL

NEW PLANTS IN SCOTLAND

A new process of extracting motor spirit from coal is to be exploited in Britain by the National Coke and Oil Company, which has secured a site near Edinburgh and is negotiating for another in Glasgow. It is claimed that the process will produce first grade motor spirit which can bo sold at a competitive price, while smokeless fuel will be produced as a bj--product. Each plant will consume 1050 tons of Scottish coal a week. Another firm also is establishing a coal distillation plant in Scotland, and this will require 50,000 tons of coal annually.

HIDE MARKET FIRM

YEARLING SALES IMPROVE

Values geaerall7 were firm at the fortnightly sale of hides held by Auckland brokers this week Ox and cow hides were firm, while yearlings and calfskins sold at improved rales. There was no alteration in sheepskins and tallow. Prices for best grades were:— Sheepskins.—Dry: Halfbred and fine crossbred, to sjd per lb.; medium crossbred, to 4id; coarse crossbred, to 3d; half to three-quarter wool and quarter to halfwool, to 4d; lambs', to sid; pelts, to 34d. Salted: Boat, 3s lOd to 4s 3d each; pelt 6. lid to Is 3d; lambs'. Is to Is 7d. Hides.—Abattoirs: Extra heavy ox, to ■ 6Sd per lb.; heavy, to Gjd; medium, to 6!d : light, to sd: extra heavy cow. to 4{d; heavy, to 4id; medium, to sd; light, to 4sd: kips, to sd; yearlings, to CJd; best calf, to 9jd: good, to Sd; inferior and damaged, 4d to Gd. Country butchers; Extra heavy ox, to CJd per lb.; heavy, to 6id: medium, to sjd; light, to 6id; extra heavy cow, to 4id; he»-vy. to 4Jd; medium, to 4id; light, to SJd; kips, to 4}d; yearlines. to sd; best calf, to BJd; good, to 7d; inferior and damaged. 3d to 53d. Tallow.—Best mixed. 17s per cwt.; medium, 15s; poor, lis fid.