COMMERCIAL

Greymouth Evening Star, 1 February 1934, Page 9

COMMERCIAL

ADDINGTON MARKET. STORE EWES IN DEMAND. [FEB PRESS ASSOCIATION.] CHRISTCHURCH, January 31. An excited demand for store ewes caused a rise of 2/- to 3/- at Addington to-day. The highest price for the season, 32/-, was paid, for twotooth halfbreds. A keen sale throughout with strong competition,, from southern buyers. The entry of 15,000 was the biggest this season. Values were: Good two-tooth halfbred ewes to 32/-, medium 25/- to 27/6, ordinary 22/. to 24/6, medium two-tooth Corriedale to 27/6, ordinary 22/6 to 25/-, good 4,6, and 8-tooth halfbred to 27/9, medium 22/- to 24/6, ordinary 19/to 21/6, good 4-tooth crossbred to 26/3, good 4 i year to 25/3, medium 4-year 20/6 to 23/-, ordinary 17/- to 20/-, good'aged ewes to 19/7, medium 14/- to 16/6, inferior 9/- to 13/6. Store lambs: A good entry of fair qualify. Steady demand at a shilling rise. Everything was cleared. Values were: Best forward halfbred ewe to 22/10, forward 18/6 to 20/-, medium 16/- to 18/-, good halfbred wether to 18/8, medium 15/6 to 17/-, ordinary 13/- to 15/-, good M.S. halfbred to 17/7, medium 14/6 to 16/-, ordinary 12/- to 14/-, good crossbred ewes to 19/-, wethers to 17/-. Fat lambs: An entry of 4200. The export schedule was up a farthing. A keen safe at full schedule rates. Exporters took 50 per cent of the yarding and graziers several hundred. Values were: Extra prime heavy to 27/4, prime heavy 22/- to 24/-, medium 19/- to 21/6, light 16/. to 18/6. Fat sheep: An entry of 3500. A slower sale with values 1/6 down. The quality was better than for some time. Values were: Extra prime heavy wethers to 27/10, prime heavy 24/- to 26/-, prime medium weight 22/- to 23/6. ordinary quality 19/6 to 21/6, light 16/. to 19/-, extra prime heavy ewes to 25/-, prime heavy 21/to 23/6, prime medium weight 17/- to 20/6, ordinary quality 14/6 to 16/6, light 11/- to 14/-. Fat cattle. An entry of 460. Quality good but sale erratic, with values down up to £1 a head. Best beef made 21/6 to 23/-, good 18/- to 20/-, heavyweight 15/6 to 17/6, medium 14/6 to 17/-, rough down to 10/-. Values were: Extra prime heavy steers to £ll/7/6, prime heavy £8 to £9/10/-, prime medium weight £7 10/. to £9/7/6, ordinary £4/10/- to £6/10/-, light from £3/10/-, extra prime to £9, prime £4 to £6, medium £2/10/- to £3/15/-, light to £2/5/-, extra prime cows to £7/7/6, prime £3/10/- to £5/5/-, medium £2/5/- to £3/5/-, light to £2. Fat pigs: A medium entry, and good demand. None was bought for export. Bacon was dearer. Values were: Choppers £2/6/- to £3/18/6, baconers 46/6 to 55/6, heavy £3 to £3/12/6, extra heavy to £3/15/6, average 43d to 5Jd, porkers 28/6 to 32/6, heavy 24/6 to 38/6, extra heavy to £2/2/-, average 43d to 51d.

STOCKS AND SHARES. WELLINGTON, February 1. Sales: Nevis Diesel lljd, King Solomon 3/10. AUCKLAND, February 1. Sales: ' Gillespie’s Beach 2/6, Westport Coal 15/-, Commercial Bank 18/1, Mt. Lyell 25/10, Bank of Australasia £l2 15/-, Stock 1936, £lO3. DUNEDIN, February 1. Sale reported: British Tobacco 36/11. CHRISTCHURCH, February 1. Sales: Bank of New Zealand 49/-, 49/3, 49/6, N.Z. Refrig (10/- paid cum. div.) 9/2, Timaru Brewery (7/6 paid) 5/9, British Tobacco 37/-, 36/11, Dominion Fertiliser 17/8, Alexander (13/6 paid) 15/9, Glenroy (6d paid) 6d (2), Maerewhenua 10Jd (3). N.Z. REFRIGERATING CO. CHRISTCHURCH, January 31. The annual meeting of shareholders of the New Zealand Refrigerating Company was held to-day. The Chairman of Directors (Mr W. H. E. Flint), referring to the dividend, said he knew some shareholders would be disappointed that the directors had not recommended a larger distribution, but in deciding upon the dividend of four per cent, with special bonus of one per cent., the directors had followed the only course they believed to be consistent with a reasonably prudent policy. Conditions in the industry had improved, but they could’ not predict for how long this betterment would continue. Freezing companies in Canterbury also had to contend with many difficulties, not the least of which was the increasingly severe competition from the overseas interests, whose financial resources were infinitely greater than those of locally-owned companies. The retiring directors, Messrs W. H. E. Flint and J. R. Cunningham, were re-elected.

BELL HOOPER CROMWELL. Report on the mine for the week ending January 27: —All the men were engaged on preparatory blocking out stopes and blocking out work. The centre stope through Block F was advanced' 8 feet towards the old Bell Hooper drive; also the centre stope through Block M parallel to the boundary line was advanced 23 feet, and it is now on the high bank ground in Block O. Blocking out work was in progress in Block K. The contractor up to January 27 has completed a distance of 96 feet, giving a distance of 26 feet for the we?k. The total gold won for the week was 350 z lOdwt.

BELL-KILGOUR. The Secretary of the Bell-Kilgour Gold Mining Co., Ltd., advises receipt of report from the Manager for the week ended January 27, which reads as follows: — The following work has been carried out for this last period:—Main Drive: 20ft driven for the week, values irregular, a little coarse gold' showing sometimes. West Crosscut drove 19ft Bins, for low values and then advanced 19ft at right angles towards the north boundary. Floor dipped quickly and will have to drain out water later? South-east Block: Secured good fine gold in blocking out. North-west Crosscut Stope Drive: Drove 17 feet and connected to west crosscut. Good coarse gold was obtained here. North-west Stope Crosscut advanced 15ft for varying values (one shift).