COMMERCIAL

Greymouth Evening Star, 7 November 1923, Page 5

COMMERCIAL

I O- , N.Z- FARMERS’ CO-OP. ASSN. L > CHRISTCHURCH, November 6. r The directors of the New Zealand ? Farmers’ Co-operative Association of - Canterbury have issued a circular to * the depositors and bond holders, mak- ; ing a proposal which is to be consider--3 ed at a meeting this month. The pro--1 posal is for an arrangement of the , free, fixed and matured depositors’ and t bond-holders’ capital, aggregating ap--1 proximately £1,500,000, to be secured 1 by a floating charge over certain of ' the Associations’ assets and under- ’ takings. - METALS MARKET. 1 LONDON, November 5. 1 Copper £6O 16/3 and £6l 6/3; lead . £3O and £27 15/; spelter £33 3/9 and b £32 17/6; tin £2OB 7/6 and £207 8/9; J silver 32 l-16d. BLACKWATER MINES. ° Crushed 3446 tons yielding 1537 j fine ozs, value £6763. Working expenses £5147. Working profit £1616. i Development £4Ol. Capital, £97. J Net Profit £lllB. Gold at £4 8s per J fine oz. * INANGAHUA JUNCTION SALE & McMahon and Lc/e’s sale fixture fl at these yards was held last Mon- . day. The yarding comprised .32 prime i- quality fat cattle from South Westo land and 18 fat bullocks from Kopara district. The quality of the South Westland cattle was all that could be desired and they were easily the best line of cattle sent in these yards this ir year. The cattle from Kopara were I. not quite finished. No fat sheep were Is yarded. The usual bunch of buyers b’ was present but competition was on •< the slack side, owing to the coalmines dispute in the Westport district seriously affecting the butchery trade requirements. A complete clearance of the yard was effected. P> Sales were: 5 fat bullocks at £lB 3 ’ 10s; 13 at £18; 7 at £7 15s; 5 at £l2 10s; 8 at £l2; 5 at £10; 4 fat J® heifers at £ll 17s 6d; 3 fat heifers t at £ll ss. ' The next, sale at these yards will " take place on Monday, November 19.