THE WOOL TRADE.

Star (Christchurch), Volume LXVI, Issue 20476, 30 November 1934, Page 9

THE WOOL TRADE.

Factors Tend to Improve Price Level. NOTICEABLE ACTIVITY. United Press Assn. —By Electric Telegraph—Copyright LONDON, November 29. The Imperial Economic Committee’s “ Wool Intelligence ” says that the activity of the wool and textile industry in Great Britain and France in recent weeks has perceptibly improved and that prospects *have increased for wool consumption from the abnormally low level of September and October reported from the United States. Moreover, stock statistics of the consuming countries indicate a low level which should lead to heavier purchases, particularly in view of the. increased seasonal demand for wool products. Taken in conjunction with the current level of prices, these factors are leading to a satisfactory absorption of offerings at the present auctions, and the firmness of dealings at a slightly lower basis of values may well lead to a somewhat improved level before the end of the series. Recent Rates Held at London. (Rereived November 30, 12.45 p.m.) LONDON. November 29. At the wool sales 76G5 bales were offered, including 1761 New Zealand. A total of 6814 Australian and New Zealand bales were sold. The offering included a good selection of greasy merinos and cross-breds. There was keen Home and Continental competition and full recent rates were maintained. New Zealand lots sold as follows: Greasy cross-bred, Arakihi (top price 9ld), average 8d; scoured quarter-bred D/N 21d. Brisbane Prices Favour Sellers. (Received November 30, 11.45 a.m.) BRISBANE, This Day. The Wool sales closed with a very animated market, and compared with earlier sales the market was very firm, any change being in sellers’ favour. Greasy wool sold to 16Id and scoured to 25*d.

COMPANY AFFAIRS

New Registrations. Tire following local registrations of companies are notified in the Mercantile Gazette: — Canterbury Finance Corporation, Ltd. —Registered as a private company November 17. Office: 109, Hereford Street, Christchurch. Capital: £IOOO into 1000 shares of £1 each. Subscribers; Christchurch, S. V. Turnbull 999, E. F. Turnbull 1. Objects: Financial, commercial insurance agents and incidental. Macefields. Ltd.—Registered as a private company November 19. Office: 90, Waltham Road, Christchurch. Capital: i £ISOO into 1500 shares of £1 each. Subscribers; Christchurch, H. J. Kearns 575, M. A. Kearns 125, M. A. Kearns 125, A. iG. Macefield 375. Objects: Bag and ; trunk manufacturers, importers, whole- ; sale and retail* dealers of and in bags, leather coats.- clothing and incidental. Commodore Flats (Christchurch), Ltd. —Registered November 20. Office; 118. Hereford Street, Christchurch. Capital £SOOO into 500 f) shares of £1 each. Subscribers: Christchurch, S. G. Ayling 450, G. W. Haines 50, S. A. Williamson 30, J. V. M’Keagu'a 5, T. E. Kinsella 5: Red- ; cliffs. T. J. Wilson 50: Dunedin. R. M. Byford 200. Objects: Proprietors of re- | sidential flats and incidental. Increases of Capital. Pashon Products, Ltd.—Capital increased to £17.000 by creation of addiI tional £SOOO into 5000 shares of £1 each. Registered November 21. Wills Radio (N.Z.) , Ltd.—Capital increased by issue of £IOOO into 1000 pref. shares of £1 each. Registered November 20. Associated Mines. Ltd.—Registered as a private company November 15. Office: 205. N.Z. Insurance Buildings. Auckland. Capital: £3OOO in 3000 shares of £1 eacl). Subscribers; Auckland R c. Norris 1 500, A. J. Clarkson 1 500. Objects; Gold mining, etc., and incidental. Registered in Auckland Caledonian (1 924). Ltd —Registered . November. 23. Office; 72. Lowe Street . Gisborne. Capital; £3OOO into 60.000 shares of Is each. Subscribers- l T . Burnard 1 noo. YV. M. rle .T. Vautfer 500. I ]TAV r 'V' erfon ?;n0 ’ J Lloger 500. R. Adair » ° r) odg«hun 260. .T. T, Smaill l Objects; Mining. Registered in

METAL MARKET.

London Quotations. LONDON', November 2S. .MPtnl Exchange quotations arc as foi- ; low. those previously cabled being given , f ° r Purposes of comparison:

EGG MARKETS. (Received November 30, 1 p.m.) LONDON, November 29. i-KR-s are in pood demand. Prices ; ancl Xe ' v Zealand, fouroen. . 11s 3d to 11s fid; fifteens, 1 2s 3d; • sixteens, 12s fid to 12s yd; seventeens, Cunodin Shipments. (Special to the “Star,”) DUNEDIN, This Dav. , At */esuH of the period of esg shioments from New Zealand to Ihe United SoCS tA?'' nnlh.e Tr, obtain supplies, the proposed trial shipnumt of eggs to Canada this month will not now be made. It was originally intended that Otago and < nnterbury es:g export cnmniltteps should arrange with local merchants to send a total of ROO crates by the Canad,an Victor to Halifax to be railed ro Montreal for sale during the early part of January. The parties concerned were unable to make the arrangements, hoped for, and so space on the vessel has eeo ca n cel led. It is regrettable that the shipment did not eventuate as planned, as advice received from Canada is to the effect that a splendid market for eggs is available at present. The proposal to experiment with a small shipment of eggs to Canada has not been abandoned, for already negotiations have been instituted for two local firms to supply a complete shipment in twelve months’ time.

Copper— Standard, sp Std., forward Electrolytic Wirs bars . . Led— Spot Forward Speltr r— Spot Forward Nov. 27.^ Of 27 10 C 75 27 U 3 . 27 16 10J 27 Iff 11 ■ 30 10 0 2.0 10 0 0 31 o" s n is 0° : JS 1§ S lo 11 2 • u is 9 11 17 6 • 12 5 0 12 3 9 Forward . . . Silver— Standard, nz. .. 223 17 6 223 ’l 3 d. d. 243 24g 26 9-1 6 26 9-1