COMMERCIAL

Greymouth Evening Star, 1 September 1934, Page 8

COMMERCIAL

GOLD STILL RISING. [fit CABLE—PRESS ASSN. —COfiX BIGHT.] (Reed. September 1, 10.30 a.m.) LONDON, August 31. Gold 140/lli, dollar 500, franc 74 11-16. GRAIN AND PRODUCE. CHRISTCHURCH, August 31. Shipments of potatoes went north this week, which constitute a week y record for some years. The mid-week vessel, the Waipiata lifted a little more than 11,000 sacks from Timaru, ana Lyttelton, and the Waimarino, yesterday followed with 1700 front Timaru and soinethihg more than 6000 ff°® Lyttelton. This represents approximately 19,000 sacks. The Auckland market was very bare, and a quantity like that shipped is likely to supply the needs well On into the third week in September. The market naturally has received a set back and no business is being done. Quotations nominally are 55/- to £2 17/6 a ton f.0.b.5.i., and to farmers 35/- to £1 17/6. There has been a spurt in the garton oats market because of the continuance of inquiry from England, and the shipment of 3000 sacks from southern ports by the Tekoa. More are being shipped next week. The inquiry so far is for A Gartons. Values f.o.b.s.i. are 2/9. B Gartons are worth to 2/5 f.o.b.s.i. It is believed that there are not many Gartons in stock in North Canterbury, the bulk being Algerians, so that trade is likely to be confined to the south. Values on trucks for A’s are 2/- to 2/2. The fowl wheat market is very firm, quotations being 3/9 f.o.b.s.e. Partridge peas market is unchanged. On truck values are 4/6 a bushel. There is a little more interest developing in the small seeds market. Recent quotations are firm.

Milling wheat earns a further increment of a halfpenny a bushel as from September 1, this being the final advance for the season. The prices (interim) f.o.b. growers’ nearest port now are Tuscan 3/11, Hunters 4/1, Pearl 4/3.

BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Ltd., from their London office, dated August 31: — Butter: Market slow. Danish 104/to 106/-, New Zealand finest 77/- to 78/-, Australian finest unsalted 76/to 80/-, salted 73/- to 74/-, G.A.Q. 71/to 72/-. N. 8.: Butter—New Zealand stored 2/- less. Cheese: Market slow. New Zealand White 48/6 to 49/-, coloured 45/- to 45/6, Canadian white 48/- to 52/-, coloured 48/- to 50/-. WORKSOP DREDGE. CHRISTCHURCH, September 1. The Worksop return is 22ozs. for 126 hours’ dredging. STOCKS AND SHARES. WELLINGTON, September 1. Sales: British Tobacco 37/3, Consolidated Brick 10/-. DUNEDIN, September 1. Sales on ’Change: Goldfields ll£d; Reported: National Electric 8/-; Wool Worth’s (Sydney) £3/8/9 (2); Bell-Hooper 5Jd (all late yesterday); Refrigerating (Cont.) 9/2; Refrigerating (paid) 18/8; National Insurance 20/-; Dominion Rubber 28/6; Dunlop Pedriau 19/6. Reported after call: Waipapa 3d premium. BRIAN BORU DREDGE CO. EXTRAORDINARY METTING An extraordinary general meeting of Brian Born Gold Dredging Company Limited will be held at the registered office of the Company, Greymouth, on Monday, September 10, to consider the matters set out in a requisition from some shareholders, requesting the holding of such meeting for the purpose of: — (1) To pass a resolution or resolutions pursuant to Clause 79 of the Articles of Association removing all or such one or more of the directors now in office as the meeting may seem expedient. (2) To select seven shareholders in the Company to act as a protective committee and to pass a resolution appointing such persons to be a committee and vesting in them such powers as may seem to the meeting expedient in the interests of the Company. (3) To appoint such person or persons as the meeting may think fit to be directors of the Company. In a circular to the shareholders, the directors state:—

At this stage the directors desire merely to assure shareholders that they are doing their very best in the interests of the Company and although the returns from the Company’s dredging operations are at present little more than sufficient to cover working expenses, the financial position of the Company is thoroughly sound and when the returns increase, as they must do when the worked area at present being dredged has been gone through, dividends will again be available for distribution. As was announced through the newspapers a few weeks ago, the dredge is now working towards the site of No. 7 bore which gave a value of 3/10.81d per yard with gold at £4 per ounce and present indications are that this portion of the Company’s area will be reached by the end of I lie year, perhaps earlier, and thereat ter the returns should be considerably improved. Whilst of course i nothing definite can be stated, the directors believe that the previously worked area may at any time be got through, and in the meantime the Company’s financial position is quite sound. Accounts are paid each month; there are no charges on the Company’s property and there is always a substantial sum in the Company’s current account at the bank. The dredge and plant are now thoroughly efficient and in first-class order and when the virgin ground is reached there is every reason for believing that substantial profits will be earned ensuring payment of regular dividends to shareholders.

COMPANY REGISTRATION Nelson Tobacco Co. Ltd. Regd. as a private company, August 24. Regd. office: 106 Trafalgar St., Nelson. Capital: £l9OO into 1900 shares of £1 each. Subscribers: Stoke—W. L. Bell 220. Nelson —B. Trathen 220, R. R. Hodgkinson 292, A. F. Bell 292, A. A. Lusty 292, N. Lusty 292. Christchurch —A. H. Lawrence 292. Objects: Manu-j facturers of tobacco, cigars, cigarettes etc., and incidental.