COMMERCIAL

Greymouth Evening Star, 23 May 1925, Page 5

COMMERCIAL

LONDON LOAN FAILURE

(Australian and N.Z. Cable Association LONDON, May 21. The underwriters of the London County- Council loan aie saddled wit. 75 /per cent of the issue. Dealing; commenced at about I 4 per cent ot a discount. \ c HOMELAND .MARKETS. LONDON, .May 21. Wheat cargoes aie firm, but dem-in. is less active at 59/6 to 61/6 per quar. ter,. Parcels are quiet at 60/- to 61/3. Liverpool futures are : —May, normß : July, 12/6 3 4 per bushel; Octobe: 11 /Bgd. The spot trade is quiet. Flour is steady. Australian lion; ex-store is 45/-. Oats, beans and peas are'dull, prices being unchanged. Sugar (granulated) is 3/101,. WAIHI GOLD MINING COY. (Per Press Association ) AUCKLAND, May 21. The reduction of- the company’s capital by returning 5s cash per shar< to shareholders was advocated by several (Shareholders at a general meeting of the Waihi Gold Mining company Ltd., held in London on May 12, according to a-cablegram, received by' a- local director, Mr C. Rhodes. The cablegram further states : ‘‘'Directors would have preferred postponing the return of capital until 1931, when the Horahora debentures become due, but the financial position of the company is undoubtedly strong, and if a considerable majority desire an immediate return, the directors would do their best to effect it. A circular embodying the above is being sent from London to every shareholder on both London and New Zealand registers, with the report of the proceedings and a postcard enquiring whether he desires a return of capital as soon as possible, or desires a* postponement until 1931. The Horahora debentures are shown on the last balance -sheet available at £1'59,535. but the text of the cablegram would seem to indicate that the directors have 110 intention of realising on them before 193.1, when they become due. A payment of 5s per share to alii shareholders would absorb £125.000 and failing a decision to wait until 1931. it is probable that the amount would have to be drawn from investments, the market value of which warshown in the last balance sheet received in New Zealand at £319,382. BUTTER AND CHEESE.

Copy of cablegram received by Dal--wty ami Comp'-my. J id., from their Lomlon ofl'ce. dated May 22 : — Butter. —Market slow. New Zealand 1.68/-. exceptional brandp 170/-; Danish 182./-'; Australian finest salted 158.-; unsalted' 162/-. Chee<e :—Market quibt. N a w Z«al">’d wh'+'j ami coloured 93/-, Canadian 87/-, c.j.'L INANGAHUA JUNCTION At Inangahua Junction Saleyards on Monday next 300 prime fat wethers and 70 ewes (in lamb) will be submitted to auction by McMahon and Lee. A motor car will leave Reefton for the sale immediately on arrival of the train from Greymouth.—A.D. SALE AT PRESTON YARDS On Monday next the National Mortgage and Agency Coy. will hold their fortnightly sale of fat stock, particulars of which may be obtained from our advertising columns. The sale will start punctual to time.—A.D.

SALE LIVE STOCK

Farmery and dairymen arc notified that a sale of live stock will take place at Rotomanu saleyards on Thursday May 28. The entry consists of Jersey-Holstein dairy cows, heifers', fat and store cows and 25 fat ewes. The sale will commence immediately after the arrival of the express train from Greymouth. The auctioneers. National Mortgage and Agency Coy. solicit further entries.— A.D.