COMMERCIAL

Greymouth Evening Star, 28 February 1931, Page 8

COMMERCIAL

WHEAT CONFERENCE.

[BY CABLE —PBESS ASSN. —COPYBIGHT.]

CAPE TOWN, February 25.

The “Cape News” in a leader, expresses the opinion that it is. fitting the British Government should be represented at the Paris wheat conference. It is plain that the farmers of the Dominions have first claim to any assistance Britain can give. Dominion grain growers ar© suffering from the collapse of the market, just as much as the countries on whose behalf the conference was called. The discussions may not yield immediate results, but may, be hailed as the first step to closer co-operation among European nations. CHICAGO WHEAT. NEW YORK, February 26. Chicago wheat: March 79i, May 83J, July 65 8, September 66g cents per bushel.

S. AFRICAN FLOUR IMPORTS

CAPE TOWN, February 26

A question asked in the Assembly elicited that over one million pounds weight of Australian flour is in bond and liable to extra duty, by which 4he landed cost Will be not less than 18/6 per cental.

The Minister of Finance said he was not aware that importing merchants were placed at the mercy of the millers. Flour is still being imported.

GRAIN AND PRODUCE.

CHRISTCHURCH, February 27.

There has been a further easing in the fowl wheat market since last report. To-day the quotation for prompt fowl wheat is to 4/11 f.o.b.s.i. For March, April, May delivery 4/11, and for spread until the end of the year 5/-. The market for milling wheat is unchanged. There is a fair amount offering, but interest; in it is limited, and it would be hard to dispose of it at 5/3 pei* bushel on trucks. In the other sections of the market there has been no alteration in values. The oats market is lifeless and 'unchanged. Potato values are also unaltered. There are a few orders coming to hand from the North Island for small seeds, but it is purely “hand to mouth” business, and the market is comparatively lifeless.

Akaroa cocksfoot is coming in slowly, and the quotation is unaltered al 3d to 3Jd on trucks.

GOLD DREDGING.

The Awatuna Extended Gold Dredg-

ing Co. (no liability) has been formed in Wellington with a nominal capital of £15,000 in 150,000 shares of 2s each. Of the total, 43,000 shares, credited as fully paid, are issued to the- Westland

Prospecting Syndicate, states the “Do-

minion,” a similar 4 number is issued to Skipper’s Westland Gold Mining Co., Ltd., tho Waimea Basin Gold Mining Syndicate receives 28,000 shares, and tho underwriters 5000 shares. The

three mining concerns were entitled to cash considerations of £1250, but the vendors have subscribed for additional shares to the value of £lOOO. On the provisional directorate are Messrs K. D. Duncan and T. J. Thurman, both of Wellington. The area to be worked first comprises a deposit of alluvial varying in depth from 22 to 45 feet, adjacent to tho Awatuna railway station. This property was partly worked by a buc-

ket dredge from 1922 to 1924- and operations had to be abandoned when the cost of powei’ became excessive. The

new concern has taken over the di edge, whish is reported to be in excellent serviceable condition, and it is being equipped with electric machinery in place of the old steam plant. The cost of power will thus be reduced from £45 per horse power per annum, to £l2 per horse power per an nil m. The area acquired is approximately 250 acres, which have been scientifically prospected. The company went to allotment on Monday. BUTTER AND CHEESE. The following is a copy of a cablegram received by Dalgety and Coi,

Ltd., Greymouth, from their London office, dated February 27:— Butter. —Market rather better. Danish 140/- to 142/-, New Zealand finest 120/- to 122/-, Australian fines! unsalted 122/ to 124/-, salted 119/- to 121/-, G.A.Q. 116/- to 118/-. Cheese. —Market steady at present prices. New Zealand white 56/.' to 57/-, New Zealand coloured 58/- to 59/-, Canadian white and coloured 70/4o 78/-. STOCKS AND SHARES. DUNEDIN, February 28. Two sales, King Solomon, 1/6.