COMMERCIAL

Greymouth Evening Star, 31 October 1933, Page 9

COMMERCIAL

WOOL PRICES RISING

[by CABLE PRESS ASSN. COPYRIGHT.]

SYDNEY, October 30

The wool sales here were resumed to-day under the keenest competition from all sections. The market showed an advance of 71 to 10 per cent, on the closing rates of the. previous Sydney series. Good free wools revealed the full extent of the advance. Comebacks crossbreds were in keen request, and splendid clearances were effected. Greasy merino fleece made 251 d here. It was obtained for five bales which is the top price of the season from Barraba. The offerings totalled 11,GGG bales, of which 11,320 were sold, and also 2619 bales privately. MELBOURNE, October 31.

Altogether 10,400 bales were offered at the wool sale, and 99 per cent, clearance was effected. The market was very strong at firmer rates, New records for the season were established. Greasy merino sold to 23d per pound, and scoured to 31d.

LONDON, October 30.

At Bradford, there was more business, with a tendency against the buyers.

STOCKS AND SHARES

CHRISTCHURCH, October 31

Sales: N.Z. Govt. 4 per cent. Inscr. 1955 (odd lot) £lOl/7/6; Bank of New Zealand (cum div.) 47/-, 47/1, 47/2, 47/4; National Inscr. (cum div.) 18/9; Goldsbrough Mort. 29/11; N.Z. Refrig. 10/- paid (9/9). (3); Kaiapoi Woollens (17/- paid) 8/-; Monteith’s Brewery 10/-; Beath and Cov 28/6; Mt. Lyell 23/-, (2); Bell-Hooper, (9d paid), lOAd; Golden' Point 2d; New Cornish Point (6d paid), 7£d, (4). DUNEDIN, October 31.

Sales on the ’Change: New Zealand Refrig, (cont.) 9/11. Reported: New Zealand Breweries 36/6. AUCKLAND, October 31.

Sales: Kildare 2/3?;d, Refrig. Con. 9/91,d, Wilson Cement 27/-, Bycroft’s 40/3, South British 72/-, Stock 3J £lOl 12s 6d. Gas 61 £lO3.

MAORI GULLY DREDGE.

The Maori Gully (Kokiri) GoldDredging Company, Ltd., went to allotment, last evening.

WAITAHU G.M. CO. The Waitahu Gold Mining Company, Ltd., reports that the directors and secretary have just returned from a visit to the claim. Sluicing operations commenced on Friday, October 20, and, despite the severe drought during the lats three months, a good supply of water, estimated at eleven heads under a pressure of 450 feet, was at the nozzle. The water race is a firstclass job, and there is very little leakage of water —this is unusual with a freshly-constructed water race, and reflects great credit on the claim manager, Mr. P. Thomas. Three shifts daily are being worked, and present operations consist of the stripping of the top material, which is being discharged through a run of gold-saving boxes 4ft. 2in. wide. On the completion of the stripping of the first paddock, the elevator .will be sunk for the treatment of the bottom wash. The management anticipate that steady progress will now be made and satisfactory returns can be expected.