COMMERCIAL

Greymouth Evening Star, 11 February 1933, Page 8

COMMERCIAL

GRAIN AND PRODUCE [per press association.] CHRISTCHURCH, February 10. Offerings of oats have slackened down during the last few days. The price is discouraging- to growers, and farmers are now at the busiest period of the wheat harvest. Prices range from 1/2 to 1/4 on trucks for Algerians, and to 1/5 for Gartons. It is reported that Auckland merchants have bought Australian oats at a landed cost of 3/3. Oats now to arrive will not have the benefit of the difference that existed in the exchange approximately 2Jd a bushel, so that Canterbury oats should supplant them in the Auckland market. Lines of milling wheat are being offered fairly freely. Samples arh irregular, a proportion being under standard weight. Prompt fowl wheat is easier, being quoted at 3/3 f.o.b. A good deal is being offered. Spread is quoted at 3/4, but most of the business is confined to prompt delivery. Interest in potatoes is entirely absent. Quotations are 40/- on trucks. The seeds market is being fully supplied and merchants are disinclined to operate in view of heavy crops being harvested. From 1/- to 1/5 bushel is quoted for ryegrass from 3d, 31d lb. for Peninsula Cocksfoot, and 2MI to 3d for Plains.

WELLINGTON WOOL SALE

WELLINGTON, February 10

An exceptionally keen demand for all halfbreds and other fine sorts was the outstanding feature of the third Wellington wool sale of the season, held this evening at the Town Hall. It. was plain from the outset that the lower grades of crossbreds were not wanted, except at low prices, and the sale of these dragged very noticeably at times. All halfbreds and similar wools were from Sd to Id better than at the Wellington January sale, and fino crossbreds, lambs and good pieces were from itd to ?>d up. On the other hand, medium to good topmaking crossbreds were Jd to id lower, and inferior sorts were full id down. Had it not been foi’ the higher exchange rate, which was reflected in the prices, the growers would have been faced with an even greater fall. Solid support to the market for better grades of crossbreds was given by Japan, which took a fairly large quantity.

The offerings as catalogued totalled 30,175 bales, but, eleventh hour withdrawals reduced this quantity to under the 30,000 mark. There was a very full bench of buyers, representing every section of the trade. The official range of prices compares as follows with that for the January sale at Wellington: — Super 9d to 113d —up to 101 d; average 7.3 d to S 5,d —8;ld to 91d; inferior 7d to 71d —-71d to Sd. Fine halfbred 56/88. Extra super lid to llld—none: super Old to 103d —lO.’d to 121 d; average 7d to 9Jd —8d to lOd; inferior, 53 d to 63d —up to 73d. Medium halfbred 50/56. Extra super, lOd to lid—none; super 9d to 93d —nine; average 6’ld to 83d —7:3d to 94; inferior 4Jd to 6? t d— 43d to 71d. Extra fine crossbred 48/50. Super 7?td to Sid—BJd to Old; average 51d to 7d—7,ld to 8d; inferior 3d to 5?,d —33d to 51d. Fine crossbred 46/48. Super 51d to 73d —6}d to Sd; average 4d Io 53d—41d to 6d; inferior 2:3d to 33d—23d to 43 t d. Medium cross-

bred 44/46. Super 4:jd to 6Jd —5d to 73d; average 33 d to 41(1; average 33 d' to 'li —3.3 d to 4;,*d; inferior 13 d to 3d — 13d to 3d. coarsebreds 40/44. Super 4t.d io 51d —4£d to 61d; average 3d to 4.3d—33d to 4.3<1; inferior id to 2:(‘d—--23d to 3d. Low crossbred 36/40. Super up to 4’d —none; average- 2£d to 3.7d — 2d to 4d; inferior up to 23d —none; hoggets 48/50. 5d to Sd—sld to !):,‘d. Fine 46/48; 4d to 71(1—4d to 81(1; medium 44/16, ' 33d to r>3d —3?.d to 67d. Coarse 40/44, 3d to sd—none. Lambs down. 50/56, 73d to 9d—7d to 101 d. Fine 44/50, sid to Sd —Gd to 9d. Medium 40/44, up to. 51d —61d to 6.7 d. Seedy and inferior 21d to 53d —2d to 5?7d. Bellies and pieces. Merino good to super, Gid to 8. ; /d —G<l to Gfjd; low :o medium 4Ad to Gd—up to 5:7d. Halfbred. good io super, 53d to 9d —Gifil to 7-id. Low* to medium 27d io fiffd — i’iid Io Gid. Crossbred good Io super. 3d to Gd—3Ad to GAd. Low to medium 1-1(1 to 37(1—2(1 to 4d. Crutchingts, medium to good 2.7 d to 4.7(1—3d to 43d; inferior and seedy Ad to 21d —Id to 27d. Locks, Merino 2A,(| to 3:fcl—l.7d to 31(1 halfbred 2Ad to 3Ad —up to 3d Crossbred 13d to 2d; lid 1o 21(1.

BUTTER AND CHEESE. Copy of cablegram received by Dalgety. and Company, Limited, from their London office, dated February 10: — Butter: Market quiet. Danish .110/to 112/-, N.Z. finest .79/- to SO/-, Australian finest unsalted 76/- to 79/-, Australian G.A.Q. 72/- to 74/-. Cheese: Market, weaker. N.Z. white 46/- to 48/-, N.Z. coloured 57/- to 58/-, Canadian white arid coloured 60/- to 68/-. STOCK SALES. Messrs Jeffries and Co. will hold a sale at the Arahura Sale Yards on Monday next, when a good assortment of fat cattle, jambs, and wethers will be offered. The same firm on Wednesday next will sell by auction the whole of the live and dead stock on accourit of the trustees of the late W. Olderpg, on the farm including 6 hacks, 2 half-draughts and a good assortment of cattle and farm implements. - ■ COMPANY’ REGISTRATIONS. Lawson’s Flat Gold Sluicing Co.. Ltd. Regd. F*b. 3, 1933. Office: 79 Hereford Street, Christchurch. Capital: £20,000 in 400,000 shares of 1/each. Subscribers: Hokitika —D. R. Stuart 4000, J. S. Langford 2000, G. W- Kellar 500. Christchurch. —T. J. Maling 2000, A. McKellar 2000, B. Falck. 2000, W. R. Carey 2000, L. W. Broadhead 2000. Dunedin —R. H. Stevenson 2000. Kaihinu —C. Cook 2000. Objects: To acquire and take over by purchase or otherwise mining privileges in mining district of Westland and elsewhere. Charleston Sluicing Co. Ltd.. Regd. Feb. 3, 1933. Office.: 143 Hereford Street, Christchurch. Capital: £lO,000, in 200,000 shares of 1/- each. Subscribers: Christchurch —J. R. McKenzie 4000, T. Newburgh 2000, H. C. Foster 500, M. 1. Young 2000, W. G. McDonald 2000. Dunedin —S. P. Cameron 400. Objects: To acquire or otherwise acquire and take over mining privileges arid other assets held by G. M. Powell and S. Powell.

I ALEXANDER MINES. Report for month of January: — ! No. 3 North Drive. —Only a small amount of driving has been carried out here for the month. The face shows a fair reef track carrying small boulders of stone and quartz grit. No. 3 East Crosscut. —-This Crosscut is being put out from the north end of No. 3 Level in an easterly direction, the face now being 29 feet from side of level. The country has been hard but now shows an improvement, being similar to the country in the footwall of the lode. Intermediate off North Winze. —A level was started off the

North Winze and driven 9 feet. Stone 12 inches wide was showing in the face ■when opening out, but this has since cut. out leaving reef track only showing. No 4 North Drive.—The position of this face is now 172 feet north of main crosscut. The reef track is three feet in width between two good walls and carries a fair amount of leaders and small boulders of stone. Stoping. I —Stoping has been carried on as I usual, the stoping length of the block shortening considerably on the south end. The lode on the extreme north end is also broken and faulty. Battery.—42l tons were sent to the battery and crushed for a return of 243 ozs. 12dwts. of melted gold. The cyanide department for the same period, treated 272 tons of sand for a return of 9Gozs. Gdwts. The total estimated value of these returns is £1277 (exclusive of premium on sale of gold abroad and premium on exchange). Dividend.—The seventh dividend of 1/per share has been declared', payable on 27th instant. Transfer books close from 22nd to 27th instant (both inclusive). This represents a distribution of .£3,750, free of income tax. Note.—l Since the above report was written stone was intercepted in New No. 4 Level, in a cross cut being driven ' eastward. Sufficient work has 1 not been done to ascertain its wi'Uh and value. 1