COMMERCIAL

Greymouth Evening Star, 14 October 1933, Page 8

COMMERCIAL

AUSTRALIAN WOOL SALES

[BY CABLE —PRESS ASSN. —COPYRIGHT.]

SYDNEY, October 14.

The weekly wool letter in the “Sydney Morning Herald” says: Competition was more widespread, and any change in values was upward. Bidding was more sustained and displayed improvement of from par to five per cent. Selections contained few faulty lines. A better inquiry from France was a most encouraging feature. Hei’ purchases in the Commonwealth last season were 438,000 bales. The week’s offerings totalled 50,474 bales of which ninety-one per cent, were sold at auction.

The following figures show the quantity of wool sold in the Commonwealth and the amount realised for the period from July 1, to September 30, in the past three seasons: —1931: Bales 262,171, amount realised £2,545,812. 1932: 370,262—£4,445 298. 1933: 395,691— £7,193,319. The figures disclose that although the number of bales this season was slightly greater, the actual realisations compared with last season, were considerably higher.

GRAIN AND PRODUCE. CHRISTCHURCH, October 13. Steady business ’continues in the export of ryegrass seed. Values are unchanged, good Italian and perennial being worth up to 2/6 a bushel on trucks. Italian seed is going from Canterbury and most of the perennial from Southern quarters. English offers for cowgrass are still on the low side to permit export. Values to farmers are 8d to 9d a lb. There is very little white clover now in farmers’ hands. The market for it is quiet. The cocksfoot market is firm. Akaroa is worth 6d a lb to farmers, and plains sd. Little interest exists in the potato market and values remain unaltered. Small lots are going north and in diminishing quantities. Whites are quoted nominally at £3 a ton, f.o.b.s.i. and dakotas at £3/15/- to £3/17/6. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Limited, from their London office, dated October 13: —

Butter: Market slow. Danish 108/-, N.Z. finest 96/- to 100/-, Australian finest unsalted 102/- to 104/-, Australian finest salted 96/- to 100/-, Australian G.A.Q. 94/- to 95/-.

Cheese. Market slow. N.Z. white 50/- to 51/-, N.Z. coloured 48/- to 49/-, Australian white and coloured 52/- to 56/-.

STOCKS AND SHARES.

WELLINGTON, October 14.

Sales reported: N,Z. Guarantee Corp. 8/3, Truth and Sportsman pref. 21/3.

DUNEDIN, October 14

• Sales on ’Change: Central Shotover 1/2 (two). Reported: Otago Times 45/6 (late yesterday).

WAIHI G.M.

[special to “star.”]

AUCKLAND, October 13

The following information has been cabled to London from Waihi, for the period ended September 30, last comprising 22 crushing days:—l7,393 tons of ore were crushed for a result of 4,770 fine ounces of gold and 28,620 ounces of silver. This includes 2.258 tons mined from the Grand Junction area, which yielded 576 ounces of gold and 2,345 ounces of silver. No. 5 level, driving west on north branch of the Martha lode. The next 32 ft. is ore of good grade, the lode being about 3 ft. wide. Martha, lode, driving west, next 40 ft. assays 7/3 per ton. At 170 ft. the full width of the reef is 10 ft. and assay value 11/3 per ton. No. 11 level, Edward lode, sinking winze, the next 15 ft. assays 26/3 per ton. No. 12 level, Royal lode, driving west, south section of lode 1/as been reduced to Gin. wide at 309 ft, and we are now cross cutting. Royal lode, driving east next 37 ft. assays 50/9 per ton. At 251 ft. the full width of lode is lift, and the assay value 24/3 per ton. Junction No. 6 level, Royal lode south-east prospecting crosscut. This is now out 290 ft. Country rock is not unfavourable, but is still disturbed by faults.

RENOWN COLLIERIES.

[special to “star.”]

AUCKLAND, October 14.

A loss of £3350 for the year ending July 31, is disclosed in the eighth annual accounts of Renown Collieries Limited, which has just effected a capital amalgamation with Wilton Collieries Limited. The loss compares with a profit of £434 in the previous year. A debit of £344G is being carried forward. The report of directors states that during the year there was almost a continuous “coal war” in which coal was sold at prices considerably under cost. The mine and property were in first class working condition, and had been well maintained.

BELL-KILGOUR. The Secretary of the Bell-Kilgour Gold Mining Co., Ltd., reports that the straightening and' re-timbering of the main drive is nearing completion, there being only about 20 feet to do to reach the old face. This drive will be pushed on to test the ground to the northern boundary. Practically all the work done so far has been in sandstone. A start will now be made to develop and prove the ground in the direction of the Murray area. The treatment plant is completed and the pump and winch installed, and are working satisfactorily. All wash mined will be discharged into the bin and treated. MATAKI RETURN.

The Mataki dredgemaster reports a return of 31 ounces for the week ending October 7. The east side is still shallow, carrying a little gold; on thq west side a deep gutter is now cut out and the ground has become more shallow. Tbe best wash now appears to be in the centre of the face. The dredge is still opening out on. the western boundary, where there is a face live feet above the water. The flat towards the dredge has been cleared of scrub for 300 yards, and during the next fortnight it will be necessary to construct a road over the tailings for coaling purposes. OPOSSUM SKIN SALE.

Copy of telegram received by Dalegty and Company Ltd,, Greymouth,