duction was seriously impeded in 1924 by a protracted stoppage. The manufacture of kitchen ranges, stoves, and cookers is an important feature of this industry, the output of these items having been increased ten times over since 1916. The production of wireless material was commenced in 1924. NORWEGIAN GEOLOGICAL PUBLICATIONS. Norges Geologiske Undersøkelse (Geological Survey) has published a work on «Syd-Norges Gruber og Malmforekomster» (Mines and Ore Deposits of Southern Norway), prepared by Mr. Steinar Foslie, and accompanied by a coloured geological map. The book is furnished with a summary in English. It appears that pyrites, and copper and iron ores are predominant among metal occurrences in Norway, and that they will in all likelihood hold a commanding position in future production. Molybdenum, nickel, titanium, zinc, and silver ores have been mined or are known to occur in such quantities as to be of nationaleconomic importance. Lead, arsenic, gold, chromium, cobalt, manganese, bismuth, uranium, and vanadium have been recovered on a small scale, but no deposits of really great importance are as yet known. Tungsten, antimony, and platinum have been won in small quantities. Tin and mercury are the only metals of commercial importance that have not been found in Norway. poor years, the crops being far below the average. Last year, on the other hand, gave better results. This yield is roughly equivalent to one-third of a ton per inhabitant per year, as compared with an average of slightly more than one-fifth of a ton per inhabitant for England. This production generally suffices to cover home requirements, and in good years a quantity is usually exported. In bad years the deficiency has to be made up with imports chiefly from Sweden and Denmark. The preponderating part of the potato yield is used for household purposes and for feeding farm stock, only a small share being put to technical use. The great bulk of Norway's requirements of potato meal is imported. Imports under this head run to from 2000 to 3000 tons per year. Dry Cells, a new Norwegian industry. The manufacture of dry cells was commenced a few years ago in the small town of Moss on the Oslo Fjord. The manufacturing process is based on two inventions made by the owner of the works in question. It is asserted that these batteries retain their tension and capacity a considerably longer time than those of other makes. The works have now been extended to a daily production of 40 000 batteries of the various types, and a market has already been worked up abroad. Potatoes are extensively grown in Norway, and the yield showed a gradual increase during the years 1901 to 1920. The average annual yield may be put down at approximately 800 000 tons. The years 1923 and 1924 were From Nordmarken, near Oslo. An extensive export trade has been done of late in Norwegian sports accessories. Thus, skis have been sent to the U. S. A., Canada, France, and Australia; and skates to Sweden, Austria, Germany, U. S. A., and France. We are informed that ski exports mostly comprise hickory productions. The cost of living shows a weak but steady Quotations: fall. The wholesale price index is likewise receding. Tho employers' unions in various industrial branches have given notice of their intention to terminate the existing tariffs, and a revision of wages will be effected in April and May. The result is expected to be a reduction of existing rates; and this will have a marked effect on manufacturing and other industries, which are now handicapped by the improvement of the krone. As is usually the case when there are prospects of labour disputes, a certain amount of reserve is evident in commercial circles. Money Market. Bank of Norway: Million kroner Gold Right of issue Note circulation Reserve fund Deposits... Loans & discounts Balances abroad Home & foreign securities March Dec. 31st 1924 Jan. 8th 1926 7th 1926 Planed wood. Basis unsorted 1" X 7" & 61/2′′ f. o. b. Jan. 6th £ 15.0.0 £15.0.0 March 10th £15. 0.0 £14.15.0 Mechanical & Chemical Pulp, and Paper. For mechanical pulp the position is practically unchanged, and shippers are endeavouring to maintain higher prices. With regard to chemical pulp, the position for easy-bleaching and strong sulphite is fairly good, substantial quantities having been sold recently. Sulphate is also firm, and the opinion is that the chemical pulp market will continue firm, and that prices will probably show a rising tendency. On the whole the paper market is quiet, a marked feature being the continued limited call for finer grades. For kraft paper, however, the 30.8 76.0 96.9 tendency is firmer and a fair amount of business is being done. The newsprint market is quiet. 104.9 93.1 150.3 Bank Rate: 6 % since January 12th 1926. Oslo Rates of Exchange: London Paris New York Jan. 2nd Jan. 4th Mar. 11th Chemical pulp.. 1926 Of which sulphite: Bleached, dry Sulphate: 22.65 36.00 18.50 17.25 6.61 4.92 4.66 Fisheries. The spring herring fisheries have to some extent been hampered by bad weather. The large herring fisheries have progressed favourably in spite of stormy weather. The catch was larger than last year's, and market prices were quite satisfactory. The cod fisheries have only just begun. Čanned Products. Stocks of packed kippers are almost exhausted. The new season's catch has been handled since the beginning of February, and a large number of canneries are now engaged in packing kippers. Most of them are working on orders received, and very few canners are believed to be packing on speculation this year. Prices of sardines in oil and in tomato will presumably remain firm. Timber and Wood. The props market is rather quiet and exporters are reserved. For planed wood the position is practically unchanged; the tendency is mainly weak, with small sales for prompt delivery and unsatisfactory prices. Prospects are marked by the uncertainty existing in the various markets and by the position of exchange. Unbleached, dry Printings Quotations: Paper per 1016 kgs. f. o. b. Norwegian port. News on reel.... Glazed printings, free from Exports. Jan. 13th 1926 £15. 2.6 £ 21.10.0 £ 22. 0.0 £ 31.10.0 £ 31.10.0 Electro-Chemical Products, etc. Nitrate of lime.... Aktieselskab under offentlig administration. All kinds of banking business transacted. Telegraph. addr. «Centralbank, Oslo». London: (The Scandinavian East Africa Line. Manag-Owners: The Norwegian America Line.) For Freight &c. apply to or Local agents: H. Clarkson & Co. Ltd., 60 Fenchurch Street. Paris: Agence Fred. Olsen & Cie, 47 Boulevard Haussmann. Regular Service from Scandinavia (including Denmark and Finland) also Rotterdam and Antwerp to Egypt, Red Sea, East Africa, Madagascar, Reunion and Mauritius and vice versa. East Norway Bristol Channel The Standard Line Regular Sailings from EAST NORWEGIAN PORTS TO BRISTOL-SHARPNESS-GLOUCESTER-CARDIFFPenarth and other BRISTOL CHANNEL PORTS, also Plymouth Agents at Bristol: MESSRS. WHITWILL COLE & CO. LTD. J. B. STANG, OSLO Regular three-weekly direct service between Norway and S/S «Stavangerfjord» 18000 t. dw. S/S «Ranenfjord». 7850 t. dw. S/S «Tyrifjord» 5450 t. dw. Regular freight service between »> «Lyngenfjord» . 7820 »> «Drammensfjord» 7500 >> » «Norefjord» 5450 >> «Førdefjord» 4000 << Tanafjord>> 7714 » >> «Skiensfjord>> 7714 « « To distribute cargo to several Norwegian ports: S/S «Lillefjord» 180 t. dw. DEN NORSKE AMERIKALINJE (The Norwegian-America Line) Head office: JERNBANETORVET, Oslo Telegraphic address: For freight: STATELINE. For passenger traffic: NORWEGAMER, Oslo. When answering advertisements, please mention the Norwegian Trade Review. VII Export Agents of Cement, Timber, Cod-liver Oil, Canned Fish, etc. Factories: Als Norsk Biokemisk Industri, Oslo, Manufacturers of Medicinal Preparations, Insulin, Concentrates of Vitamines for Margarine, etc. When answering advertisements, please mention the Norwegian Trade Review E.H.&C STAVANGER NORWAY John Braadland STAVANGERANG CONSERVES A S ^, STANDARD Ltd. STAVANGER, NORWAY BRANCH OFFICE: THE NORWEGIAN BRISLING PACKERS LTD. 3 WATER LANE, LONDON E C 3 Telegraphic Address: «STANDARD» STAVANGER Packers of: BRISLING SARDINES SILD-SARDINES (SMOKED & UNSMOKED) HERRINGS IN TOMATO SAUCE KIPPERED HERRINGS The C. Borgen Packing Co. Packers and exporters of all kinds of Norwegian canned fish. Brisling and sild sardines, kippered herrings, herrings in tomato, mackerel etc. / EINAR HAUSVIK & CO. S BERGEN Cables: «HAUSVIKO» Codes: A B C 5 & 6th Ed. NORWAY Establ. 1890. Share capital 1 000 000 Kroner and Reserve funds 1000 000 Kroner. Managing Director: Mr. EINAR HAUSVIK 4 Factories packing Sardines and other kinds of canned fish. Annually capacity 15 000 000 tins. Correspondence English and German. When answering advertisements, please mention the Norwegian Trade Review. IX |