COMMERCIAL

Greymouth Evening Star, 1 August 1929, Page 9

COMMERCIAL

ADDINGTON. MARKET (Per Press Association.) CHRISTCHURCH, July 31. Addington market ' entries were larger to-day in the'beef and mutton sections. The latter recorded another advance, and fat cattle were only a degree easier than a week ago. Store Sheep. There was a smaller entry of store sheep, the bulk of which consisted of indifferent ewes. The sale throughout was satisfactory at last week’s rates, good ewes and young wethers being wanted. Extra good 2tooth half bred ewes to 44/6, good sound mouthed half-bred ewes 28/- to 31/-, ordinary sound mouthed half-bred ewes 24/- to 26/-, extra good 4-toothed Romney cross ewes to 43/-, medium sound mouthed crossbred ewes 28/6 to 30/-, aged and inferior cross-bred ewes to 14/7, extra good Corriedale ewe hoggets at 36/-, good half-bred Corriedale ewe hoggets 28/6 to 29/6, good half-bred wethers 25/- to 27710, ordinary cross-bred wethers to 22/6.

Fat Sheep: The entry of' fat sheep was two races larger than at the previous week, and there was quite a fair sprinkling of quality. The sale was keen, despite the heavier supplies, and values for the finished sheep advanced by about 2/- a head, making the rise in price over, the last two sales about 4/6 a head. Extra prime wethers to 53/9, prime wethers 39/- to 43/6, medium wethers 34/6 to 38/6, light wethers 28/- to 34/-, extra prime ewes to 47/7, prime ewes 33/6 to 38/-, ordinary ewes 28/- to 33/-, light ewes 22/6 to 27/6, good hoggets 30/- to 34/6, medium hoggets 24/6 to 29/-. Fat Cattle: The yarding of fat cattle number 675 head, as compared with 480 the previous week. At the outset, the market dropped by about 25/- a head, but as the sale progressed it hardened and the decline was fully recovered except in the case of the harder cattle, which were about 20/- a head cheaper. Best beef made to 52/- per 100 lbs., good prime 47/6 to 50/-, heavy weight 44/- to 47/6, and ordinary 36/to 40/-. Extra prime heavy steers £23 10/- to £26/12/6, prime heavy steers £2l/5/- to £22/15/-, medium weight prime steers £lB to £2l/10/-, medium quality steers £l4 to £l7, light steers £l2 to £l3/15/-, extra prime heifers to £2O/2/6, prime heifers £l4 to £l5 10/-, ordinary heifers £ll/5/ to £l3/ 5/-, light heifers £B/10/- to £ll, extra prime cows to £lB/17/6, prime cows £l3 to £l5, ordinary cows £lO/5/to £l2/10/-, light aged cows £7/10/to £lO.

Vealers: Good calves sold remarkably well, making from 50/- to 80/for ordinary sorts. Vealers £6 to £8 10/- and 12 to 18 months to £lO. Store Cattle: A small entry. A. line of IS to 24 month good heifers sold at £B, and good cows to £7/11/. Dairy Cattle: A small entry. Good heifers made to £l6/17/6 and cows to £l4.

Fat Pigs: A small entry and a better demand. Choppers £3 to £7/4/6, baconers £3/10/- to £4/5/-, heavy baconers £4/10/6 to £4/19/6, average price per lb. 61d to 7d, porkers 36/to 47/6, heavy 50/- to £2/18/6, average price per .lb. 7Jd to Bd. Store Pigs: A small entry and much improved demand. Large stores 30/- to 35/-, medium 23/- to 28/6, small 18/6 to 22/-, slips 13/- to 16/-, weaners 6/- to 9/-. ALEXANDER MINES LIMITED The third ordinary annual general meeting of shareholders in this company was held last night at the office of Messi’s M. J. Fogarty and Co., Mackay Street, at 7.30. Some thirty-five shareholders were present from Greymouth and Reefton, and including a large shareholder from Hawke’s Bay. Over 70,000 shares were represented personally and by proxy out of the total number of shares in the company, viz., 75,000. More than ordinary interest was in evidence amongst the shareholders in the company, owing to the fact that the views of one of the directors have not been in accord with the remaining four other members of the Board of Directors over recent operations conducted at the mine, and shareholders were thus very keen to become acquainted with the full facts in dispute and hear both sides of the issues. Mr S. A. A. Fry, chairman-of directors, presided at the meeting.

The directors’ report upon the operations of • the company, also the balance sheet for the year ended May 31, 1929, was received, and after some little discussion, adopted. The next business set down on the order papei’ was the election of two directors to fill the places of two of the former directors (Messrs J. B. Auld and Jas. McKay) who retired in accordance with the Articles of Association, but who offered themselves for reelection. Other candidates nominated were Messrs Jas. Jamieson of Horotui, Isaac Patterson, of Reefton, and C. E. Uddstrom of Cobden, but the nomination of Mr. Jas. Jamieson was withdrawn by the chairman who stated he had received instruction from Mr. Jamieson to that effect. Messrs. Fry, Patterson, Auld, and McKay then addressed the meeting in turn, and submitted their views upon the various phases of the mining developments and operations conducted by the company during the past year. A ballot was ■then taken by Messrs E. Warnes and F. Shallcrass (who were appointed to act as scrutineers), and gave the following results: — James McKay .. .. 54,494) votes J. B. Auld .. .. 53,340 I. Patterson .. .. 17,370 „ C. E. Uddstrom.. .. 16,320 „

The chairman then declared Messrs. McKay and Auld duly elected directors for the ensuing year. The remuneration of the directors was fixed on the same scale as in the past year. Messrs. W. ,B. Auld ■and H. Cooper were elected auditors at the usual remuneration, after which the meeting terminated. During the progress of the meeting an announcement was made that the first clean up from the new battery which was recently put into commission, was £1735 worth of gold from 395 tons. This return was considered very satisfactory, as a percentage of gold was absorbed in the curing of the new copper amalgamating plates in the battery and that further values were retained in circulation in the cyanide plant. Also, it was stated that at the mine the Winze, which was being sunk on “McKay’s” Reef showed the lode to be four feet wide and looked most promising. STOCKS AND SHARES. AUCKLAND, August 1. Waihi 11/11, Auckland Gas 24/1, Bank of New Zealand 61/6. Reported: North

Auckland Farmers 3/2, Ratrut Basin Tin 19/6, Auckland Gas (con.) 17/9, N.Z. Breweries deb. 28/3, Wilson Cement 44/3, Huddart Parker 45/9, Booth McDonald 1/10. * WELLINGTON, August 1. Sales Reported: 4i per cent, inscribed stock, 1938, £100; Bank of New Zealand, 61/4; Goldsbro. Mort., 46/8. Call: New Zealand Breweries Bonds, 28/-. ~ WELLINGTON, August 1. Reported sale: British Tobacco (ord) 48/5.