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Evening Star, Issue 21007, 22 January 1932, Page 7

If you want to see a small boy look ungrateful present him with a manicure set. She: " Have you ever had a lesson by correspondence?” He: ‘‘ Yes! 1 never write Jo girls any more.”

SNOWY RIVER COMPANY. The Snowy River Sluicing Company, which went to allotment last Friday, when the 20,000 shares which were offered were quickly disposed of and applications were received for about 12,000 more, proposes to operate a claim consisting of 164 acres of alluvial ground situated on the north bank of the Snowy River, about fourteen miles south of Reefton. The wash is overlying a soft false bottom, which will permit the easy construction of tail races, and there is ample room for the disposal of the tailings. An adequate supply of water is assured from the Snowy River. Sluicing operations will be commenced some time this year, when the race which will convey the water to the claim from a point "about seven miles further up the river has been completed. The preliminary survey work is now under way, and it is "hoped to have the race completed in about six or eight months’ time. About twenty years ago a drive was put in on portion of what is now the company’s property, and excellent returns were then obtained by methods which were decidedly crude when compared with modern sluicing methods. More recently the ground was surveyed by Messrs J. Pfhalert and D. Ross, and verification was obtained of the claims which had previously been made in regard to the rich nature of the ground. BIG RIVER MINES. LOCATION OP HEADQUARTERS. [Per United Press Association.] GREYMOUTH, January 21. A meeting of the West Coast shareholders of the Big River Mines Ltd. was held to-night. f The secretary (Mr T. H. Lee) stated that an endeavour was being made by North Island shareholders to transfer the headquarters to Wellington. The South Island shareholders were over 198,000, against, 70,277 in the North .Island. i The following resolution was passed: —“ That this mepting of West Coast shareholders of the Big River Gold Mines Ltd. regrets to learn of the attempt that is being made to remove the management of the company from Reefton to Wellington, j notwithstanding that hitherto the mine has been most successfully managed at Reefton for the past forty years, and this meeting is of opinion that it is contrary to the best interests of cthe company to have the mine managed elsewhere than close to the scene of operations at the mine; also that steps be taken to secure the support of all South Island shareholders (who hold five-sixths of the shares in the company) to retain the registered office and management at Reefton as authorised in the prospectus under which the company was promoted,” BUTTER AND CHEESE. Messrs A. S. Paterson and Co. Ltd. have received the following cable from Londonßutter: Market paralysed this wee’; owing heavy arrival colonial and new duty in Germany forcing large additional supplies Danish and other butter English market. Danish, 114 s; New Zealand, 945, 955; Australian, 925, 945. Cheese; Market sloy. White cheese, 575; coloured cheese, 555, 565.

TRADE OF THE DOMINION.

IMPORT AND EXPORT RETURNS. [Per United Press Association.] WELLINGTON, January 21. . The overseas trade returns of the dominion for December compare as follows with the figures for December. 1930:Dec., 1930. Dec., 1931. Exports ... £2,969,504 £3,338,184 Imports ... £3,147,962 £1,793,658 The figures for the twelve months were as follow: 1930. 1931. Exports ... £44,940,692 £35,153,028 Imports ... £43,025,914 £24,812,958 The values shown for exports are the declared f.o.b. values in terms of New Zealand currency, while the imports are valued on a basis _ of the values in the exporting countries, plus 10 per cent.

BANK OF ENGLAND RETURNS. Press Association—By Telegraph—Copyright. LONDON; January 21. (Received January 22, at 10 a.m.) ISSUE DEPARTMENT. Note issus in circulation £347,878,781 Banking department 47,883,73.1 Government debt Other Governmeni securities Other securities o'StS'plm Silver coin imreorii Gold and silver bullion 120,76..,u!4 £395,762,511 BANKING DEPARTMENT. Proprietors' capital , Dewf , iM ~, ~, w>sSljo47 Public ftocsiu 20,813,259 Other dsdt. lb-*"*) Other accounts 38 ’ 44 ?’^? Seven-day and other bills **> ... £154,824,860 Government securities £52,430,906 Discounts and advances ... Other securities PS#™ Notes in, reserve Gold and silver coin ajß,uai £154,824,800 The proportion of reserves to liabilities is 85.40 per cent. Short loans are quoted at 5J per cent., three-month bills at 6} per cent. METAL MARKET. Press Association-By Telegraph-Copyright. LONDON. January 20. Following are the official quotations in the metal market:— Copper: Standard, £39 16s 3d per ton; forward. £39 16s 3d. Electrolytic. Spot, £46 10s per ton; forward. £47 10s. Wire bars. £47 10s per ton, Lead. Spot. £ls Is 3d per ton; forward, £ls Is 3d. . Spelter Spot. £l4 10s per ton; forward. £l4 16s 3d. , Tin. Spot. £l4l 11s 3d per ton; foiward, £144 11s 3d, ' Silver: Fine, 20 7-16 d per oz; standard, 18 15-16 d. CHICAGO WHEAT MARKET. ress Association— By Telegraph—Copyright. NEW YORK, January 20. Chicago wheat : March, 57J cents per bushel; May. 60 cents; July, 59g cents; September, 60| cents.

AUSTRALIAN STOCK EXCHANGES. Pres* Association—By Telegraph—Copyright, SYDNEY, January 21. There was a somewhat lifeless market on the Stock Exchange, but there wm the usual volume of trading, Australian Consolidateds, 4 per cent., 1988 and 1950, being steady at £94 10s and £94 5s respectively. Marked firmness characterised longer dated issues. Colonial Sugars were popular at £46. Batik script was steady, and there were Bank of New South Wales sales at £3O, Bank of Australasia at £lO 10s, and Commercial of Sydney at £l6 15s. Other sales w,ere as follow: Toohey’s. 17s 3d; Tooths, 26s 10id; Goldsbrough, Mort. 26s 9d; Dunlop Perdriau. 13s 7d; Australian Glass, 34s 6d; British Tobacco, ,30s; Electrolytic Zinc. 16s 9d. Mining shares were quiet. Broken Hill Proprietary, 16s 9d; Mount Lyell, 23s 9d. MELBOURNE, January 21. Sales: Electrolytic Zinc, 16s 9a: ditto pref., (23s 10d: Goldsbrough, Mort., 275. THE BUTTER MARKET. Press Association —By Telegraph—Copyright. LONDON, January 21. Until the details of Germany’s tariff charges are announced .butter tiaders are uncertain how they will affect the market for Australian and New Zealand butter. The general opinion that the results will not be serious, as Germany s imports of butter from Britain in 1931, consisting mostly of Atistrahan and New Zealand; with a small quantity or Argentine, were only 59,602 cwt. It is not thought likely that the Danish iniports into Britain will be much increased. In the meantime the market is inactive as buyers are awaiting developments. Australian and New Zealand declined about 2s to 3s.

FOREIGN EXCHANGES. (British Official Wireleu.) Pr«* By Telegraph—Copyright

AUSTRALIAN MARKETS. Press Association—By Telegraph—Copsfighf# MELBOURNE, January 22. (Received January 22, at 11 a.m.); Wheat: 3s to 3s Id. Flour: £7 15s. * Bran: £5. Pollard; £5 ss. Oats: 2s 2d to 2s 3d. Barley : English. 3s Id to 3s 2d. Maize: 3s to 3s 3d. ' SYDNEY WOOL SALES. Press Association—By Telegraph—Copyright# SYDNEY. January 21. At the wool sales the offering was 11,053 bales, of which 10,290 were sold, while 796 were disposed of privately.' The demand was very keen, and there , were excellent clearances.. Greasy, merino brought 21|d.

RUGBY, J»n«wy 30. Jw.lt. Jan. «r Paris, fcwe y> £i Bn aitk, M|w fa £t ... • ■ ifu-ii O«lo, kroner to £1 ... ... . -Ml 1*1 Stockholm, kroner h i> » . ... .17 1S-M 17,15-11 Copenhagen, kroner to £1 . .. 18* Genera,, franc to £1 . .. 17.7* 111 Jv Berlin, rdchmarkea to £1 .. .. 1* Il-M 14 1MJ* Montreal, dollar to £1 ... . .. 4 4.01 New . York, dollar to ... /. .. 8.4SJ 3.46J • Amsterdam, to £'l ... ,. .. 8.58* 8.61 Milan, lire to £1 ., ,. 69T15-16 681 Prague, kroner to £1 • ... .. . 117J 118* Vienna, schilling to gjl ••• • .. 90 30 , Helsingfors, marks' to £1 i .. 3321 3324 Madrid. ■ peseta to £t : 41 1-16 40 13*11 Athens, drachmae to £1 ... ., .. 365 Lisbon, escudo to £1 ... „ 109J lOti Bucharest, lei to ,. 577 577J Rio de Janeiro, pence to milreia '• I* 4, Buenos Aires, pence to pesos .. Montevideo, pence to dollar .. sv* 31 .. 31 Shanghai, pence to tael .. 33 3-16 32 Ml Yokohama, pence to yen ... .. . 255 25J Hongkong, pence to dollar Bombay; pence to rupee .. 17 i. 18* 17 M».