BUTTER ADVANCES TO 102/-

Dominion, Volume 29, Issue 207, 29 May 1936, Page 14

BUTTER ADVANCES TO 102/-

London Market Firm Joseph Nathan and Company, Ltd., have received from their principals, 'irengrottse and Nathan, Lid.. London. _ the following cabled advice, dated May 27 : New Zealand butter, 102/-. Market firm. 'The New Zealand Loan anil Mercantile Agency Company, Limited, have received the following advice from their Loudon house, dated May 27: —-Dairy produce (last week’s quotations in parentheses): Butter: New Zealand, choicest sailed, 101/- per cwt. (97/-). __ Market firm. Cheese: White. 57/6 Io 58/- per cwt (58/-) ; coloured. 55/6 to 56/- (s<»/6). iMarket steady. Mount Lyell Production 'The Mount Lyell Mining and Tlailway Company, Limited, has issued the following progress report for the fortnight ended May 13:—North Mt. Lyell: Tons extracted '51.78; 1100 ft. level. No. 38 stope rise to 13ft. through low-grade ore. Jioyal Tharsis: Tons extracted 2442. West Lyell; Tons extracted 14,229. Prince Lyell: Tons extracted 473. Lyell comstock mine: Tons extracted 4072. No. 4 level. No. 2 mullock pass drive, west end. to 131 ft. through mineralised schist and timber. No, S level, main crosscut to 16ft. through mineralised schist; No. 1 deep hole drill to 13Sft. from end main crosscut: fair grade ore between 6ft. and 72ft.. interspersed by several bands lowgrade material : remaining distance through copper-bearing schist ; main shaft, opening out set completed, laying plat in progress. - Deduction works: Furnace in blast throughout period; 7034 tons refinery anodes made during current year. Concenlralor: Mill operated 336 hours and treated 24.060 tons ore, producing 1694 tons concentrates. Copper refinery: Tank house in operation throughout fortnight. 497 tons cathode copper being produced for period. Total for current year 79SS tons. N.Z. Pound Abroad Based on rhe figures quoted by the Bank of New South Wales the New Zealand pound, compared with its original pnr value, is equivalent to approximately: 16/1 in London. £l/0/1 in Australia. 16/5 in U.S.A. 16/54 tn Canada. 9/9 in France. 9AB : n Germany, 9/7? in Java. £l/7/9} in Japan. AUCTION DIARY TO-DAY. 10 Hobson Crescent, ID a.m.—Superior Household Furniture (E. Johnston and Co.). Carterton Sale. 11.30 a.in.—Mixed Stoci?. At the farm. Stratford—Unreserved Dispersal Sale “Penrose” Jersey Stud (100 Highly-performed Jerseys), a/c Messrs. Clemow Bros. (Wright. Stephenson and Nmvloii King, Ltd.) Cubn fit.. 1.30 p.m —Furnit urf nad Furwish in.es (Silverstone and Co.). 98 Manners St.. 1.30 p.m.—Oak and Rlmil Furniture (Ramsey Wilson Ltd.). TO-MORROW. A♦ Gisborne, 11 a.m.—lmportant Clearing Sala Pinckney and Matawal Properties (Williams and Kettle). At the Property. Te Ore Ore. Masterton. 1.30 p.m.—lmplements and Timber Sale, n/c Mr. D. A. Stewart (Loan and Mercantile). MONDAY. On tin* Farm. Glen Orona, 12 noon—Unreserved Clearing Sale. Stork. Implements and Sundries, a/e Mr. R. Hadfield (Loan and Mercantile). Johnsonville Store and Dairy Stock Sale, 1 p.m.—7o Head Cattle (Wright, Stephenson). ,