TREATMENT OF FLAX

Sun (Auckland), Volume III, Issue 829, 25 November 1929, Page 10

TREATMENT OF FLAX

IMPROVED METHODS WANTED BIG BONUS OFFERED I’rom Our Resident Reporter WELLIN'GTON. Saturday. TL“ Minister of Agriculture, the , Hon. G. W. Forbes, lias announced that i the Government will offer a £ 10,000 * bonus for any process which will effect a substantial improvement in the ! methods of flax production resulting j in decreased costs and improved quality. The Minister said he felt hopeful that with the increased mechanical and chemical resources and a greater knowledge of the plant itself, the offer of a bonus would lead to results of economic importance to the Dominion. Mr. Forbes said that in 1911 the Prime Minister had offered a substantial bonus on similar terms, but although there had been minor improvements tho old methods of producing the fibre remained much the same. LONDON MEAT MARKET SMITHFIELD PRICES The Xew Zealand Meat Producer-,' Board has received the following cablegram from its London office, dated November 22, advising Smithfield delivered prices average for the week ended that date, as follow: New Zealand Wethers and Maidens. —Canterbury quality, selected brands, 561 b and under, 6id a lb.; 571 b to 641 b, 6. l ,d; 651 b to 721 b, 5 7-Bd. Other brands, 561 b and under, 61d; 571 b to 641 b, 6 1-Sd; 651 b to 721 b, Sit'd. New Zealand Ewes. —641 b and under, 4 id. New Zealand Lambs.—Canterbury quality, 361 b and under, Slid; 371 b to 421 b, 8cl; 431 b to 501 b, 7-id; seconds, 7d. Selected brands, 361 b and under, 8' t ; 371 b to 421 b, 73d. Other brands, first quality, 361 b and under, 73d; 371 b to 421 b, 7id: second quality, 301 b to 321 b, average, 7d. Australian Lambs <new season’s). — Victorian, first quality. 361 b and under. 8 3-Sd: 371 bto 421 b, 7 7-Sd. Argentine Lambs (new season’s).— First quality, 361 b and under, 73d: 371 b to 421 b, 7 icl. Argentine Chilled Beef.—Ox fores. 5d hinds. 7 7-Sd. Australian ’Frozen Beef.—Ox crops, over 1001 b. 4 7-Sd: hinds, over 1601 b. 6 3-Bd. New Zealand Frozen Pork. —Porker 601 b to 801 b. 9?.d; SI lb to 991 b. 91d; 100!b to 1201 b, Old. Lamb Market. —Slightly better inquiry for first quality. Mutton Market. —Wethers quiet. Ewes steady. New Zealand Porker Pigs.—Firm with good trade. New Zealand Baconer Pigs.—None available. NEW YORK MARKETS STOCK EXCHANGE HOLIDAYS (United P.A. — By Telegraph — Copyright) NEW YORK, Saturday. The governors of the Stock Exchange have decided to close the exchange on Thanksgiving Pay. November 28, and also on the Friday and Saturday following. But the Exchange will return to the regular five-hours sessions for the first three days of the business week. A message from Chicago says that the rediscount rate has been reduced to 41 per cent. LONDON MARKET REPORTS United P.A.—By Telegraph —Copyright LONDON, Saturday. Sheep.—North Island, medium, 6 l-8d; Australian firsts, 4 5-8 d; seconds, 4id; ewes, 4}d. Argentine, lights, sd. Lambs. —Canterbury, medium, Sd: Australian firsts, Victorian lights S 3-8 d; medium, 7 7-Sd; thirds, 7d; Argentine, seconds, 6:{d. Frozen Beef.—Australian crops, 4:’d: hinds, 6',d: chilled Argentine fores, sd; ; hinds, 7 7-Sd; others unchanged. i COTaTON, RUBBER, JUTE, ETC. (Last week’s prices in parentheses.) Cotton. —December delivery, 9.40 d (9.28 d) a lb. Rubber.—Para. Sid (S2d) a lb; plantation and smoked, 8 1-Sd (S\d) a lb. Jute. —November-December shipments, £27 5s (£27 12s 6d) a ton. Copra.—December-January shipments, South Sea, £2l 15s (£2l 2s Od) a ton; plantation, Raboul, £2l 17s 6d (£2l ss) a ton. Linsed Oil.— £44 10s (£44 ss) a ton. Turpentine.—42s (41s 9d) a cwt. BRITISH EGG MARKET Discussing the prospects of the egg market, Mr. Merrett, director of the Australian Egg Export Company, says the Merchandise Marks Act has interfered considerably with sales of Australian and New Zealand eggs. Buyers naturally favoured the British article, as the stamping otr Australian and New Zealand eggs created suspicion regarding their quality. TIN OUTPUT RESTRICTION The council of the Tin Producers’ Association proposes a 10 per cent, allround restriction on output. It is believed that the Empire producers are in favour of the proposal.