COMMERCIAL

Greymouth Evening Star, 15 September 1934, Page 8

COMMERCIAL

GRAIN AND PRODUCE. [PJEB KBgS? A?l?. C^' rION '? CHRISTCHURCH, September 14. The potato market has again eased and the best quotation to-day was £2/7/G to' £2/10/- f.0.b.5.i., and few buyers at the latter figure. Some business has been done at £2/7/6. Auckland has all the potatoes it wants'in flic meantime, and merchants are showing rib interest. The price on trucks is correspondingly easier at 27/6 a ton. This week’s boat is due to leave this evening. Oats are quoted in the South for A gartoris'at 2/71 to 2/8, and Lyttelton 2/B.U fo.b.b.s.i. The market is .fairly steady in expectation of a continuance of ’export'.'' Local' inquiry is negligible. Chaff is not inquired for .to much extent. Values are £3/17/6 f.0.b.5.i., or on trucks £2/10/-. Small‘quantities of grass seeds are going' out for Spring sowing for both north and local use. It will not take much to clear the boards of all stocks, except rye grass of which there is still a small surplus that could be exported. Values for both Italian and Perennial are 3/6 on trucks. The export of dogstail has continued from the South at good prices. Practically no interest is being shown in the white clover market. Cocksfoot is scarce and dear, and there will be about sufficient to supply the spring trade. Plains is quoted at 8d to 9d and Akaroa lOd, all to farmers. There is a good inquiry for Blenheim cow grass for export, but the Canterbury product is not up to export standard this season, and contains an undue percentage of brown seeds, and the colour is not up to export requirements. Blenheim is quoted at lOd to lid a lb and Canterbury 8d to lOd to farmers.

BUTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Limited, from their London office, dated September 14.— Butter: Market weak. Danish 104/-, N.Z. finest 75/6 to 76/-, Australian finest unsalted 74/- to 78/-, Australian finest salted 71/- to 73/-, Australian G.A.Q. 70/-, Stored New Zealand 72/to 73/-. ' . Cheese: Market slow. N.Z. white 47/6 to 48/-, N.Z. coloured 44/6 to 45/-, Canadian white and coloured 48/- to 52/-. WELLINGTON, September 15. The New .Zealand Dairy Produce Board has fixed the minimum prices next week on the basis of 82d f.o.b. for butter, and. 4 7/Sd f.o.b. cheese. WOOL MARKET. SYDNEY, September 15. The weekly wool letter in the '.‘Sydney Morning Herald” says: The prices of the great bulk of the wool submitted this week at Sydney showed no quotable alteration, but competition was healthier, Yorkshire and Japan buying freely with Continental competition more widely distributed. The absence of any marked variation in ‘ prices is encouraging, but the offerings have been small owing to withdrawals. The wisdom or otherwise of the heavy withdrawals reriiains to b.e proved, as no development is in ‘ sight in Europe to justify the assumption that prices are likely to appreciate, while conditions for selling wool very freely on the Continent are’far less favourable than at last year. Next week will provide the test, as London sales open on Tuesday. A LONDON, September 14. The “Yorkshire Observer” anticipates higher values at Tuesday’s wool sales, and says that some of the leading topmakers in Bradford expect about ‘ten per cent, above the July closing.' Much depends on Continental competition. It is anticipated that France will be fairly active, and even Italy, despite restrictions may do more than is generally expected.

GOLD AND EXCHANGE. LONDON, September 14. Gold 140/61, dollar 500 13-16, franc 75. AUCTION SALE. At the auction sale at Messrs Harley and Coy’s rooms this morning there were oyer 20 present, but bidding was slow, and both properties put up for sale were passed in. The first property was the section of 12.1 perches with a six-roomed house thereon, in Alexander Street, in the estate of E. E. Gleeson. It was passed in at £250. The second was the quarter-acre section on the corner of High and Marlborough Streets, with two residences, one a two-storeyed building with frontage to Marlborough Street, arid the other a five-roomed house facing High Street. This property offered by the District Public Trustee in the estate of Laura Arnott, was passed in at £575. STOCKS AND SHARES. WELLINGTON, September 15. Sales: Big River 1/6; Queensland Insurance 71/-; Woolworth Ltd. 75/-; Comm- Bank Aust. 17/7; Wellington Woollen £5/9/6. CHRISTCHURCH, September 15. . T l \ e n } y , orkso P return was 38 ounces tor 10l hours’ dredging. DUNEDIN, September 15. bales reported: Bank of New Zealand 48/3; Goldfields 1/-. Late yesterday: Gillespie’s 1/10; Nevis Diesel 52d. . . , • i’.iiLix! BELL—KILGOUR CO. „ The Secretary of the Bell-Kilgour Gold Mining Co., Ltd. (Mr. F. R. Thompson) advises receipt of report from the manager, dated September 7, reading as follows:—No. 3 north branch was advanced Bft. 6in. for the week. Water is making freely from th# face. Two holes bored up in the roof were pulled up by a hard coarse quartz gravel layer at 7ft. 6ins., and 9ft. respectively. Blocking out progressed steadily at SA, with fair values of fine gold, with an occasional heavy piece. In No. 6, a, panel was advanced 22ft. Fine gold through the wash, with irregular values on the floor. No. SH, produced irregular values of fairly hoarse gold. No. I±\. was advanced 7ft. Gin., when “floor” started to rise again. Have started ■openig oiR in lowest part, where a fair sample of gold was found during the week. One hundred and forty-six yards of wash treated yielded 13ozs. 3dwts. 7grs. BIG RIVER MINE. Mine Manager’s report for week ending September 13:—No. 3 cross- .

cut: Distance driven seven feet. Distance from south drive 217 feet. Distance from shaft 414 feet. The country is still hard. No. 3 Stopes: Four men stoping below No. 3 south level. Stone 2ft 6in. wide. No. 4 North Drive: 311 ft from shaft. Advanced 10 ft on reef track. Cut reef 3ft wide carrying gold. A most promising discovery. No. 1 Level: Drive on fault line holed into old workings. Prospecting operations' will be continued from these old workings. Note: Since tiie above was written, reef in No. 4 North Drive has widened out to sft without disclosing any hanging wall. Gold can be seen in stone in all parts of the face. ' .