COMMERCIAL

Greymouth Evening Star, 14 July 1934, Page 8

COMMERCIAL

WOOL SALES. [BY CABLE—PBEBS ASSN.—COPYBIGHT.] LONDON, July 13. Commenting on the closing wool sales, the “Financial Times” says: — The chief blame for the price recession must be laid on the international situation, and on the desire of every country to buy little and to sell much. The stability of the wool industry cannot be hoped for until the present conditions alter, but it can at least be said that there is nothing in the statistical (position of the raw material to cause uneasiness. GOLD AND EXCHANGE. LONDON, July 13. Gold 138/01’, dollar 503 5-8, franc 76 5-16. GRAIN AND PRODUCE CHRISTCHURCH, July 13. The potato market is unchanged. Tonight’s boat, the Waipiata, was expected to take about 2500 sacks. This small Quantity should prevent stocks accumulating in Auckland. There is no inquiry from Auckland but some interest is shown in Wellington for Dakotas. These are quoted at £2/15/- to £3 a ton f.o.b. s.i., and whites at £2/15/- or from £2/12/6 to £2/15/a ton on trucks. There is no rush of potatoes at these figures. The oats and chaff markets show no alteration.

Fowl feed continues firm and business has been done at 3/5B to 3/6 a bushel f.o.b. s.e.

There was a much freer offering of milling wheat in the last fortnight. Stocks held on the farm for two or three months for conditioning are now coming forward. This month’s price is Tuscan 3/10, Hunters 4/1, and -Pearl 4/2. All f.o.b. s.i. Partridge peas are firm. There is little inquiry for the small stocks of seeds held by merchants. It is yet too early for Spring inquiry and as practically all classes of small seeds are in bare supply, there is little prospect of values receding. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Limited, from their London office, dated July. 13: Butter: Market quiet. Danish 81/to 82/-, N.Z. finest 72/- to 74/-, Australian finest unsalted 73/- to 76/-, Australian finest salted 66/- to 69/-, Australian G.A.Q. 63/- to 65/-. Cheese: Market quiet. N.Z. white 48/6 N.Z. coloured 45/-, Canadian white 54/- to 60/-, coloured 54/- to 56/-, Canadian C.I.F. 50/- to 51/-. DUNEDIN LOAN. DUNEDIN, July 13. Dunedin has obtained the sanction of the Loans Board for the largest local body loan conversion in the Dominion. The necessary loans conversion order has been issued for £2.214,700, all internal loans.

STOCKS AND SHARES. WELLINGTON, July 14. Sales: Commercial Bank of Australia pref. £9 11/-, £9 11/6, Commercial Bank, Sydney £l6 15/-, New Zealand Breweries 44/7, Colonial Sugar £65 17/6, Woolworth ord. £6. AUCKLAND, July 14. Sales: Taupiri Coal 13/6, Kauri Timber 18/-, Devonport Steam 22/3, Gear Meat 25/6, Gas 26/7, Bank of New Zealand 47/9, Stock 1955, £lO7/5/-. WAITAHU COMPANY. The manager of the Waitahu Gold Mining Co., Ltd., reports that the construction of the new tunnel has now been completed, and that sluicing operationso were resumed last week with a full -water supply. RIMU DREDGE The statement of the affairs of the Rimu Gold Dredging Company for the year states that the Company was registered on July 20, 1920, With a nominal capital of £250,000, the amount subscribed being £213,572, and the sum of £142,863 was paid up in cash, all the capital per share being called up. At the time of registration there were 33 shareholders and at present 35. The average number of men employed by the company total 46. Since last statement 14,820 ozs. of gold has been produced, valued at £110,726 3/11. The total quantity of gold produced since registration is 148,063 ozs. valued at £678,034/3/11. The total expenditure since registration was £450,219/19/6 and the dividends declared total £36,441/6/1. The sum of £12,186/0/3 is in cash in the bank, debts due to the company total £43,245/3/- and no debts are owing by the company.