COMMERCIAL

Greymouth Evening Star, 28 October 1932, Page 8

COMMERCIAL

GRAIN AND PRODUCE

[by CABLE —PRESS ASSN. —COPYRIGHT.] SYDNEY, October 27. ■ Wheat 2/4£d for bagged, 2/3Jd bulkL ed, equal to about 2/11J ex-trucks Syd- ! ney. Flour, £lO. Bran and pollard ' £5 10s. Potatoes £4 5s to £6. Onions 1 .(American) £35, Victorian £2l. ’ Maize (yellow) 5/7, (white) 5/3. ADELAIDE, October 27. > Wheat, growers’ lots 2/111. Flour, • bakers’ lots £8 ss. Bran, £5 ss. Pol- ■ lard, £5 15s. i STOCKS AND SHARES AUCKLAND, October 28. Sales: Taranaki Oil 2/3, Golden Dawn 4/10, Wailii 17/10, Devonport Steam 18/3, 'Wilson’s Cement 31/3; Bank of New Zealand 45/9, National Bank 80/-, Bank Australasia £9/17/6. Stock 51 (1937) par. DUNEDIN, October 28. Sales reported: Goldsbrough Mort. 23/7; Cornish Point 4Jd. SOUTH BRITISH INSURANCE CO. [SPECIAL to “STAR.'-'] AUCKLAND, October 27. Lower earnings and the maintenance of dividend rate, were the chief features in the accounts presented to the shareholders in the South British Insurance Company to-day. Reference was made to the absence from the meeting of two directors Mr. E. R. N. Russell (Chairman) who is on a tour abroad, and Sir James Cates, who was absent through illness. A resolution of sympathy with the latter was passed. Criticism of mortgage legislation was made by Mr W. R. Wilson, actingchairman. He said it had not only stifled the spirit which had been bringing about voluntary adjustments of mortgages, but had led to a demoralising disrespect for contractual obligations. “It was scarcely an exaggeration.’’ said Mr Wilson, “when a leading legal authority stated recently that a generation was growing up which understands a mortgage to be a document signed by the mortgagor containing an implied covenant by the mortgagee agreeing to a moratorium.” OKARITO RETURNS. Tho following report of the Okarito operations relates to the four weeks from September 10 to October <8:- — Total gold won, 130 oz. ISdwt.; total time worked. 137 hour.;; 10l a I nonworking time, 139 hours (including two days shifting pipe line); total yardage treated, 25,300, an average of 58 cubic yards per hour; average value of ground (on basis of gold worth £4 per ounce), 5d per cubic yard. SHOP PREMISES-. Purchased recently by Messrs’ G. R. Harker and A. E. Kilgour, a shop in Mawhera Quay, lately occupied by Dan Hanrahan, has been practically rebuilt, and is now one of the most up-to-date in the town. The modern type of hanging verandah has been erected, and with a tiled front and largo show window, the shop bears an attractive and np-to-clate appearance. The inside is no less attractive, and the whole building is well illuminated.