COMMERCIAL

Greymouth Evening Star, 9 July 1931, Page 9

COMMERCIAL

ADDINGTON MARKET. IMPROVEMENT IN VALUES. [pee press association.] CHRISTCHURCH, July 8. Entries in all sections of the weekly market at Addington, to-day, were smaller thgn for many months. A feature was the general improvement in values of all major sections. Store Sheep.—A very small nondescript entry. Competition was very dull, and there were many passings. Values were: Good six and eight-tooth halfbred wethers to 13/-, plain halfbred to 7/10, medium s.m. halfbred ewes 12/9 to 13/3, medium s.m. crossbred to 12/6, aged and inferior 3/- to 6/-, good ewe lambs to 15/-, ordinary ewe lambs 9/- to 11/-, backward ewe lambs 5/- to 6/-, plain and small wether lambs 5/- to 7/-.

Fat Lambs: An entry of 350 head. The export season closed last week and the sale was merely for “clearing up” purposes. There was excptionally keen competition and a sharp rise in values of 1/6 a head for all classes. Values were: Extra prime lambs to 23/10, prime 19/- to 21/6, medium 16/6 to. 18/6, light 13/- to 16/-, store 10/- to 12/6.

Fat Sheep: An entry of 2800 head, the smallest for a very long period. Heavy butchers’ ewes and wethers advanced as much as 4/- a head. The average advance for all classes throughout the sale was 2/6 head. Values were: Extra prime heavy wethers to 23/10, prime heavy wethers 18/6 to 21/-, medium 14/6 to 17/6, light 10/6 to 14/-, extra prime ewes to 20/4, prime 14/6 to 17/-, medium 10/6 to 14/-, light 8/- to 10/-, aged 6/4 to 7/6.

Fat Cattle: An entry of 269 head, including a well finished line of ,48 steers from the North Island. They averaged £l4/4/9 a head. The shortness of the entry resulted in a rise in values of £1 to £l/10/- a head. Best quality beef made 26/- to 30/- per lOOlbs, good prime beef 22/- to 25/-, secondary beef to 21/- and rough down to 13/-. Values were: Extra prime heavy steers to £l5/17/6, prime heavy £lO to £l3, prime medium weight £7/10/- to £9, ordinary quality £6 to £7/5/-, light to £5/10/extra prime heifers to £9/17/6, prime £7 to £B/10/-, medium £4/10/- to £6/10/-, light to £4, extra prime cows to £l2/12/6, prime £6 to £B, medium £4 to £5/10/-, light to £3/10/-. Fat Pigs.—A small entry, with better demand throughout. Values were:— Choppers £3 to £4/17/6 , baconers 47/6 to 52/6, heavy baconers 56/- to £3/4/-, extra heavy baconers to £3 18/6, average price per pound 5d to porkers 33/- to 37/6, heavy porkers 38/6 to 45/6, average price per pound 5Jd to 6Jd.

STOCKS AND SHARES.

WELLINGTON, July 9.

Reported sale: 5J per cent. Christchurch Tramways Board, 1944, £96 5/-. On ’change: Bank of New South Wales £25/12/6. AUCKLAND, July 9.

Sales: King Solomon 2/9; New Zealand Insurance 42/-; South British 51/6. Reported: Leyland O’Brien Timber 21/9; New Zealand Breweries 34/11 and 35/-; Wellington City 1944 (55) £94/10/-; Inscribed Loan 1938 (4|), £9B; Thames- Harbour 1944 (six per cent.) £100; British Tobacco 25/6; Union Bank £7/6/-. DUNEDIN, July 9.

Sale: Refrigerating Cont. 3/4. Reported: 1951, 55 Govt. Stock £99.

NEW ZEALAND INSURANCE COY.

AUCKLAND, July 7.

The directors of the New Zealand Insurance Company, Ltd., have decided to recommend to their shareholders at the annual meeting the payment of a dividend of 1/- per share for the half-year, making a total disbursement for the year of 2/-. The total dividend last year was 1/Il per share. BLACKWATER MINES. Return for June: Crushed 4080 tons yielding 1677 fine ozs. gold valued at £7122, working expenses £5277. In addition the furnace treated 85 tons of concentrates for a return of 137 fine ozs. gold valued at £5BO, working expenses £123. Working profit is £2302, development expenditure £694, capital expenditure £l5O. Profit over all is £1458. ALEXANDER MINES.

The report for June is as follows: McKay North Level: —This drive is now out 35 feet from crosscut, making the total length of stone driven 48 feet. Value for period 31/lld, width 36 inches. The leading stope is now being taken off before starting to sink on the stone going underfoot from this level. McKay South Level:—Face 13 feet from crosscut, reef small, averaging from 6 to 8 inches in the face. Value, 11/-. Loftus No. 1 Level: Position of face 71 feet from surface, the reef track passed through has been small with occasional bunches of stone up to six inches in width. Value 11/-. No. 3 McVicar (Stope Drive): —Driving to procure filling for stopes has Wfett* carried out and a footage of 16 feet driven. Stone 6 to 10 inches in width is again showing in the face. Battery:—The battery for the period crushed 366 tons of ore for a return of 127 ozs 10 dwts of melted gold. Sixty-six tons came from No. 3 McVicar and the balance from Mullocky Creek. The cyanide plant for the same period treated 223 tons of sand for 73 ozs 17 dwts of bullion. Total estimated value (including premium on sale of gold estimated at £6O), £790.

RATES OF INTEREST.

PROBABLE REDUCTION SHORTLY The Banks in Australia have already decided to reduce their interest rates and it is freely prophesied that a similar move will be made by the Banks and Government authorities in this country. This makes it till the more urgent for investors to send in their applications for Christchurch Drainage Board Debentures on which interest at £5/10/- per cent, per annum is payable free of exchange at any branch of the Bank of New Zealand within the Dominion. Application money should be sent to the Christchurch Drainage Board, 198 Hereford Street, Christchurch, either by cash, bank draft, or “marked .Cheque.—Ad.