COMMERCIAL

Greymouth Evening Star, 2 November 1933, Page 8

COMMERCIAL

ADDINGTON MARKET. RISE IN FAT SHEEP. [per press association.] CHRISTCHURCH, November 1. There was a sharp rise of 3/- in fat sheep, at the double market at Addington, to-day. The yarding was too small for requirements. Store Sheep: Fair yarding and good clearance, but ewes and lambs and wether hoggets were cheaper. Values were: Good ewe hoggets (in wool) to 20/6, ordinary (shorn) to 13/6, shorn wethers 8/- to 13/3, good ewes and lambs (all counted) 12/9 to 14/6, ordinary 8/- to 11/-, good shorn crossbred wethers 13/6 to 16/3. Fat Lambs: The yarding of 900 was rather more than required. The sale was firm at the start, but later eased. Values all round were on a par with last week. Average price 73d' to Sid. Values were: Extra prime heavy lambs to 26/4, prime 22/- to 24/6, medium weight 19/- to 21/6, light 16/to 18/6.

Fat Sheep: A yarding of 5000 was too small for the double market. There was a. sharp advance earlier in the sale, with continued advance all through. The price up all over was 3/- and in some cases. 5/- and more. The entry was of fair quality, most from within the province. A few sold in the wool. Values were: Extra prime heavy wethers to 28/4, prime heavy 21/- to 23/6, medium weight 18/6 to 20/6, ordinary 16/- to 18/-, light 14/- to 15/6, extra prime heavy ewes to 26/7, prime heavy 20/6 to 22/6, medium weight 17/6 to 20/-, ordinary 15/- to 17/6, light 12/6 to 14/6. Cattle: An entry of 595, practically all from within the province. A few from the West Coast, Southland and Otago. Steers were good, but there were too many cows of ordinary quality. Values for cows were back by 20/- to 30/-. Best beef made 24/- to 27/- per lOOlbs; good 20/- to 23/-; heavyweight 17/6 to 20/-; medium 14/- to 16/6, rough down to 12/-. Values were: Extra prime heavy steers to £l3/7/6, prime heavy £9 10/- to £ll, medium weight £B/5/- to £lO, ordinary £6 to £B, light £5 10/-, extra prime heifers to £9/17/6, prime £6 to £B, medium £4 to £5 10/-, light to £3/17/6, extra prime cows to £9/12/6, prime £5 to £6 10/-, medium £3 to £4/10/-, light to £2/17/6. Fat Pigs: A small entry. Everything sold to a good demand. Pork was keenly wanted, and some was purchased for export. Values were: Choppers £2 to £4/8/6, baconers 44/6 to 53/6, heavy 58/6 to £3/4/6, extra £3/10/6, average 4d to 43d. Porkers 27/6 to 32/6, heavy 36/6 to 42/6, average 5d to 53d per lb.

SYDNEY WOOL SALES.

SYDNEY, November 1. At to-day’s wool sales there were 10.722 bales offered, and 10,386 were sold, also 770 bales privately. Competition was again extremely keen. Values were firm, and were equal to the best point of the week, resulting in full and satisfactory clearances. Greasy merino made 264 d. This was obtained for six bales from Rylstone. MELBOURNE, November 2. At the wool sales, competition was again very keen, with all the best features of the preceding two days. There was much evidence that prices in most cases favoured sellers. STOCKS AND SHARES. AUCKLAND, November 2. Sales: Grand Junction 4/-, Refrig, con. 10/-,, Okarito 10/24, Dominion Fertilizer (Dunedin) 14/3, 14/44; Farmers’ Fertilizer (Auckland) 16/3, Gas 23/6, Goldsbrough Mort 30/-, Colonial Sugar £6l/10/-. WELLINGTON, November 2. Sales: South British 72/6, Wellington Gas 34/-, Investment Executed Trust B. Debentures £9B. DUNEDIN, November 2. Sales on ’Change: Kaitangata. Coal 22/6, Refrigerating (contributing) 10/1. Waitahu 6/6. CHRISTCHURCH, November 2.

Sales: Government 4% bonds 1940, £lO2/12/6 (2); Government 4% bonds 1916, £lO2/6/6; E.S.A. Bank £4/12/6, £4/12/-; Bank of New South Wales £34/6/- (2), N.Z. Refrigerating £1 paid) 20/6, Christchurch Gas 27/3: Dunlop Rubber 18/9 (2), Howard Smith 13/-, Alexander Mines (13/6 paid) 17/6, Gillespies Beach (ex rights) 2/24; Big River 1/34 (2). Reported Bank of New Zealand (cum. div.) 47/3, N.Z. Refrigerating (10/paid) late sale November 1, (10/Refrig.) 10/- paid (9/104). Westport Coal (late sale, Ist) 13/8, New Zealand Breweries 37/7, Electro Zinc (pref, ox div.) 34/6.

DALGETU’S DIVIDEND. WELLINGTON, November 1. Dalgety and Coy. Ltd. net profit £85,430, brought in £156,464, final dividend half a crown a share, making five per cent for the year. Staff provident fund £lO,OOO, and carry forward £131,902. BELL-KILGOUR COMPANY. The Mine Manager of the BellKilgour Gold Mining Company, Ltd., reports for the week ending October 28, on the following development work: —'That the main drive has been extended 20 feet, chiefly in hard clay, and is now in a distance of 432 feet. The east cross-cut has now been driven to the boundary ,a distance of 26 feet. He is now working back west, and has driven 15 feet in a westerly direction. All this work is through a. full face of wash giving fair dish prospects of fine gold. The northwest cross cut was advanced 22 feet for the week on an uneven floor, which seems to be dipping again. Values were irregular; some dish prospects gave a, good sample of coarse gold. GILLESPIE'S BEACH WORK. A summary of operations since the statutory meeting of the company in May is contained in the first annual report of Gillespie’s Beach Gold Dredging Co., Ltd., South Wetsland. The report states that expenditure had exceeded expectations, but costs in connection with the hydro-electric scheme had to be revised. The increase in the exchange rate involved added cost, and there had been charges to meet for timber cut while clearing the transmission line. The directors propose to issue 100,000 shares of 1/. each to meet those charges, making the capital of the company £35,000. The claim had been surveyed into blocks and 46

bores put down ahead of the dredge. The results equalled the average of original bores in the same locality, lid a. yard, taking gold at £4 an ounce.