COMMERCIAL

Greymouth Evening Star, 8 April 1932, Page 8

COMMERCIAL

ADDINGTON MARKET A number of West Coast entries were included in a number of good lines forward in the fat lamb section at the Addington Market this week. West Coast sales were client, 80 at 11/7 to 15/-, L. Bassett, Kumara, 29 at 10/1 to 14/10, M. Patrick, Hokitika 80 at 9/10 to 11/7. In the fat sheep section, sales on behalf of Coast clients included, client 64 wethers at 11/6 to 14/4, L. Bassett, Kumara, 47 ewes at 7/7 to 13/4. BLACKWATER MINES LTD. Monthly returns for March: —Crushed 3573 tons, yielding 1787 fine oz. of gold valued at £7588; working expenses £5473. In addition the furnace treated 83 tons concentrates yielding a return of 180 oz. of gold valued at £764; working expenses £139; working profit £2,740. Development expenditure £167; capital expenditure £951; profit over' all £1622 with gold at standard value.

STOCKS AND SHARES.

DUNEDIN, April 8

Sales reported: Commercial Bank 13/9; D.I.C. pref, £1; Union Bank £6/12/-; B.D. King Solomon 1/5; Paddy’s Point, after call, 3/9. AUCKLAND, April 8.

Sales: Inscribed 4i (1938) £93/5/-, (si) 1936 £96/5/-, Auckland Harbour Board 6 per cent. (1941) par.

BANK RETURNS

WELLINGTON, April 7.

Banking returns for the first quarter of the year compared with those of March, 1931, reveal the following changes:—

Government deposits decreased by £1,017,352; free deposits decreased £1,331,031, fixed deposits increased £1,544,203, advances decreased £3,744,759, note circulation increased £72,764, coin and bullion decreased £356,671. The position of the three classes of deposits compares as follows, the figures for March, 1931, being given first. Government £2,889,126—-£1,871,774, free £18,329,853—£16,998,822, fixed £32,922,086 —£34,466,289. Free deposits have fallen during the year from £18,329,853 to slightly under 17 millions, a decrease of £1,331.000 and well over £8,700,000 less than for the March quarter. As compared with the quarter ended December 31, 1931, free deposits have increased by £853,384, while fixed deposits have declined by £169,306 from the record figure of £34,635,595 at which they stood three months ago.

Advances and discounts together total £50,232,337. Discounts total £712,706 Coin and bullion amounted to £6,598,701.

N.Z. LOAN LONDON, April 7. Interviewed regarding the “Standard’s” criticism of the loan, Sir T. M. Wilford said that underwriting of the loan at £9B£ was proof of the London financial institutions’ faith in New Zealand. Personally, he regarded the result as a success, because over fifty per cent, was taken by genuine investors. 1 Referring to the suggestion that a wrong day was chosen, he declared that it was impossible to forecast the mood of the market, which changed hour by hour. j