COMMERCIAL

Greymouth Evening Star, 30 August 1934, Page 8

COMMERCIAL

ADDINGTON MARKET. SMALL ENTRIES—HIGH PRICES. [per press association.! CHRISTCHURCH, August 29. A sharp advance took place in the major sections of stock at to-day’s market, the entries of fat cattle and sheep being insufficient for butchers’ requirements. Store Sheep: The entry was one of the smallest of the season, and there was a keen. sale. Ewe hoggets made to ”26/9; two-tooth ewes, near lambing, to 35/-; mixed-age ewes to 29/3; forward wethers to 23/-. Fat Sheep: Only 3000 penned, as against the normal requirements of more than 4000. Good sheep were better by 2/6 to 3/- a head, and secondary by 2/-. Extra prime heavy wethers to 33/7; prime heavy 28/6 to 31/6; medium weight prime 25/6 to 28/-; ordinary 22/- to 25/-; light to 21/-; extra prime ewes to 29/1; prime 24/- to 25/6; med. weight prime 21/6 to 23/6; ordinary 19/- to 21/-, light ewes to 18/6. Fat Cattle: Three hundred and forty penned, including some good consignments from South Canterbury and South Otago. There was an advance of up to 25/- for good cattle, and 15/for lighter sorts. Best beef made from 28/6 to 31/-, special 32/- per 100 lbs., heavy 25/- to 28/-, ordinary 22/to 24/-, and inferior down to 16/-. Extra prime heavy steers to £l4/2/6, prime heavy £lO/15/- to £l2/15/-, prime medium-weight £9/15/- to £ll/10/-, ordinary £6/15/- to £9/5/-, light to £6/5/-, extra prime heifers to £ll/7/6, prime to £9/15/-, ordinary £5/5/- to £7, light to £i to £5, extra prime cows £lO/l<4/6, prime £7 to £B/15/-, ordinary £5 to £6/15/-, light and aged £2/15/- to £4. Stock Cattle: No quotable lines were forward. . . „ Fat Pigs: Short entries, and the keenest sale for twelve months. Choppers 50/- to £4/13/5, baconers 47/6 to £3/15/6; average price per lb. 43d to 5Jd; porkers 28/6 to 46/6; average price per lb. s|d to 6£d. Store Pigs: A good sale. Best stores 23/- to 26/6, others 14/- to 21/6, good •Weaners 13/6 to 16/6. others 6/- to 12/6, sow with litter £6/5/-. GOLD AND EXCHANGE. LONDON, Agust 29. Gold 139/4|d, dollar 506|, franc 75i. STOCKS AND SHARES. CHRISTCHURCH, August 30. Sales on ’Change: Comm. Bank Aust. 15/11; Govt. 4 per cent. Inscr. 1955, £llO/12/6, (2); E.S.A. Bank £5/6/6; Reserve Bank £6/9/3, (2), £6/9/-; New Zealand Insurance 62/3, (2); British Tobacco 37/2, (2); Dunlop Rubber 19/6; Brian Boru 1/7, (2); Deep Lead 1/9; Goldfields Dredging l/Oid (2) 1/1; Skippers 71d. Reported: Bank of Australasia (cum div.) £ll/12/6; Bank of New Zealand (late sale 29th.) 47/7. AUCKLAND, August 30. Sales: Mataki 2/5; Refrig. Con. 9/-; King Solomon 4/2; A.P.A. 10/3J; Bartholomew Timber 14/6; Commercial Bank 15/10; Goldsbro Mort. 31/8; Claude Neon 37/6, 37/-; Reserve Bank £6/9/6; City 4J, £lO2/10/-; Amalgamated Brick lh, £lO3/10/-; Bond and Stocks 4 per cent 1940, £lOB/5/-, (1946) £lO7/10/-, (1949) £llO, (1955) £llO/15/-; 3X per cent Stocks , 1943, 1952, £lO9. WELLINGTON, August 29.

Sales: Bank of New Zealand 47/6, Union Bank of Australia £9/11/-, Goldsborough Mort. 31/7, New Zealand Refrig. (£1 paid) 18/9. DUNEDIN, August 30. Sales: Bendigo Goldlight 10id. Reported D.I.C. Pref -25/-, N.Z. Breweries 47/6, Broken Hill South 78/6, North Broken Hill 97/6, Bell-Kilgour 33d, Bell-Hooper 51d (late yesterday) after call, Reserve Bank £6 9/6, Gillespies 1/11. NOKOMAI OPTION DUNEDIN, August 30. Cabled advice was received from Headley Williams (London) on behalf of an English syndicate, by the Nokomai Gold Mining Co., offering £4OO to extend the option on the claim and plant from September 1 to October 1. The request was granted. £650 lias now been paid for the option. OKARITO DREDGING CO. The secretaries of the Okarito Five Mile Beach Gold Dredging Company, Ltd., report that advice has been received from the dredgemaster to the effect that the dredge was stopped on Saturday. A start is being made on the alterations to the dredge, which comprise the installation of shaking tables and new gold-saving tables, and a new centrifugal pump. The dredge ladder is also being lowered to give it a greatei’ effective digging depth. It is expected that the alterations will take at least a fortnight to complete.

BELL HOOPER CROMWELL GOLD. Report as follows for the week ending August 24:—No. 1 Mine Area: Block B—A small area in this Block was taken out, but -work was discontinued as the values, were low. Block A —A panel 7ft wide was taken out for a distance of 171 ft for payable values. The balance of this block will be taken out from the north drive. Block Q —A further Bft was driven in the 2A north drive. Values became low and the bottom started to rise steeply. Work here has now been stopped. A start was made blocking out on the north side of the west cross drive against No. 2 north drive. Payable gold only extended for sft. The next panel to the eastward was started for payable ground. On the south side, opposite to these workings, blocking out was continued for payable gold. No. 2 Mine Area:—No. 4 north drive was advanced 21Jft for the period total 135Jft north of the west cross drive. The bottom still remains on the level of the cap of the timber. Samples have contained no gold, or only a trace. General: The gold return for the week was 17 ozs. 17 dwts. 15 grs. Of this 10 ozs. G dwts. 14 grs. came from Q Block for a cubic yardage (truck) of 48 equalling 4.292 dwts. per cubic yard or 1.029 dwt. per square foot cleaned up.