COMMERCIAL

Greymouth Evening Star, 11 October 1934, Page 8

COMMERCIAL

ADDINGTON MARKET. SMALL ENTRIES—FIRM PRICES [per press association.] CHRISTCHURCH, October 10. Smaller entries were forward today at the weekly market, and slight firming in values resulted. Store sheep: Ewes and lambs and hoggets practically comprised the penning. Ewes and lambs all counted sold at 10/- to 15/-. Best ewe hoggets to 28/9, and wether hoggets to 22/7. A good sale throughout. Fat sheep: A small entry of 2800 head. A good' sale, values improving by 1/- to 1/6 a head. Extra heavy prime wethers to 32/7, heavy prime 27/6 to 30/-, medium weight prime 25/6 to 27/-, ordinary 23/- to 25/-, light 22/6, extra heavy prime ewes to 29/7, heavy prime 24/6 to 26/6, medium weight prime 22/6 to 24/6, ordinary 20/6 to 22/-, light to 20/-. Fat cattle: 340 penned, compared with 495 last week. The smaller entry resulted in an improved demand and values were better by 20/- a head. Best beef made from 29/6 to 32/- per 100 lbs., heavy 26/6 to 28/6, good heifer 28/- to 30/-, medium steer 23/- to 26/-, secondary to 22/-, and rough down to 17/6. Extra heavy prime steers £l3 17/6, prime heavy £ll to £l2 10/-, medium weight prime £9 5/to £ll 5/-, ordinary £7 to £9, light steers to £6 10/-, extra prime heifers to £9 17/6, prime £7 5/-, to £9, ordinary £5 10/- to £6 15/-, light to 5/-, extra prime cows to £ll 2/6, prime £6 15/- to £9, ordinary £5 to £6 10/-, light and aged to £4 15/-. Store cattle:—A South Marlborough line of 72 two and three to four year steers Hereford and Hereford polled crosses sold at from £4 13/- to £5 13/6, 18 months heifers £2 11/-, and fresh cows to £3 4/-.

Fat Pigs: A good sale, 100 being bought for export. Baconers 47/6 to £3 10/6, average price per lb sid to s§d. Porkers 30/- to 43/6, average price per lb. 5Jd to 6d.

COLONIAL SUGAR CO.

SYDNEY, October 9.

A special meeting of the Colonial Sugar Refining Company, Ltd., has been convened for October 24, at which the Board will submit a proposal increasing the authorised capital from £7,000,000 to £14,000,000 by the creation of 350,000 new shares of £2O each.

Mr B. Riley, acting-general manager, stated, to-day, that no further information on the subject was available to the public at this stage. AUSTRALIAN POTATOES SYDNEY, October 9. Potatoes are at a premium here. Tasmanian potatoes are extremely scarce, realising to £lB a ton, local and northern rivers to £24 a ton, Victorian about £l6. Agents, because of restricted deliveries, are rationing supplies to customers. It is reported that householders would welcome the lifting of the embargo on New Zealand potatoes. GOLD AND EXCHANGE LONDON, October 10. Gold 142/6, dollar 4901, franc 74 1-16. BRISBANE WOOL SALE BRISBANE, October 11. Competition was very keen and animated at the wool sales. Japan, Germany, and Bradford competed freely. Values were firm. Top prices were: —Greasy 17id, which is the highest for the current series; scoured 241 d.

STOCKS AND SHARES WELLINGTON, October 11. Sales: 4 per cent. Stock 1955 £ll3 2s 6d, New Zealand Breweries £2 10s 3d; British Tobacco 39s 6d. CHRISTCHURCH, October 11. Sales: Govt. 4 per cent. Inscr. 1955 £ll3/5/- (2), Broken Hill Proprietary 52/5, Electro Zinc (pref.) 35/9, 35/10 (4), Brian Born 1/4, King Solomon 3/71, Mahakipawa 10|, Mahakipawa (pref 1930 issue), 1/2| (2), Skippers 71,d (2), Worksop Extended 2/1. Reported Government 4 per cent. Inscr. 1946 £lO9/5/-, Govt. 4 per cent. Inscr. 1949 £lll/10/-, Govt. 4 per cent. Inscr. 1955 £ll3/5/- (2). AUCKLAND, October 11.

Sales: Renown pref. 2/6, Sanford 3/3 pref 11/-, Mt. Lyell 19/1, Zinc 27/8, Goldsbrough Mort. 31/3, Breweries 50/3, 50/6, New Zealand Insurance 70/-, Reserve Bank £6/9/9, Kaiapoi Woollen 13/6.

WAITAHU RETURN. DUNEDIN, October 9. The Waitahu Goldmining Company reports a return of 220 z. 7dwt. for the week ending October 6, this being the final wash-up for the paddock. BIG RIVER GOLD MINES. Gold return, September: Battery department, 110 tfons of ore crushed for 72ozs. 12dwts. melted gold. Cyanide department: No clean-up has been made. Total estimated value: £5OB. Note: in estimating the above values, gold has been taken at 140/- per fine ounce.

ALEXANDER MINES. Report for month of September: No. 4 Level North—This level is again being driven, the face now being 136 feet north of the crosscut After driving a few feet stone two feet wide came in and is still showing in the face. No. 3 Level North —Driving north has been started here and a little stone is showing in the bottom of the drive. More stone should be showing as the level is driven ahead. Stoping has been carried on as usual, the ore extracted coming from above No. 4 and No. 3 intermediate levels. The lode shows no change and varies in width from two to five feet. The plant has been given a trial run but so far has proved not quite satisfactory. It is considered that the cable is too small to transmit enough power to the compressor motor. Steps* are being taken to remedy this defect. The furnace is now in operation and appears to be carrying out its work well. The zinc boxes for the cyanide plant have been made and one cyanide vat is nearly completed. BELL—KILGOUR CO. The Secretary of the Bell-Kilgour Gold Mining Co., Ltd. (Mr. F. R. Thompson) advises receipt of a report from the manager, dated October 6, reading as follows: —No. 7A: The

north face was advanced 12ft. 6in., on a rising floor. * The wash proved all low grade, and 3ft. going east, proved also low grade, so have stopped this face. No. 6: Finished this block for fair gold. Nd. SA: In 27ft. of blocking yielding good gold; in one place < the concentration of gold was very] < rich. In the south stope drive, 16ft. i Gins, of driving and 10ft. of cross- < cutting gave fair values of coarse ' gold. One hundred and forty-seven yards of wash treated yielded 41ozs. 18dwts. 18grs. of gold. BELL HOOPER CROMWELL. Report as follows for the week ending October 5, 1934: —No 1 Mine Area: Block C—9l square feet of bottom was cleaned up for fair gold. Work here has now been stopped, owing to the nearness of the No. 1 Main Drive. Block Q North: 66 square feet of bottom was cleaned up to finish the blocking out along the east side of No. 2A North Drive. Good gold was obtained. As the bottom is on the level or below the rail level, the balance of this block will be mined from No. 3A Drive. A start was made with this work, and 30 square feet was cleaned up for good gold. A hand pump has been fitted, and a sump constructed on the bottom. By this means the area can now be kept dry. The bottom at the end of No. 3A Drive is four (4) feet below rail-level. This depth below rail level will increase the cost of mining owing to the extra handling in transporting the wash to the bin. At present the gold values are good. No. 2 Mine Area: No. 3A North Drive — This drive was advanced 21ft.; total 250 ft. north of the west cross drive. The bottom has been below the level of the drive, and has not been exposed for the whole distance driven, and no samples were obtained. At 250 ft. the bottom had risen to within one foot oi • the rail level (water level), and a run of large boulders filled the face. It seems likely that we are now close to the north bank, judging by these mdi- ' cations. When it is proved that the . north bank has been reached a pump , will be fitted, and the bottom of the l channel explored from the place where it went underfoot at 200 feet north ; of the west cross drive.

SHAREBROKERS. M. J. Fogarty and Co., Stock and Sharebrokers, Mackay Street, ’Phone 296, report quotations on the Christchurch Stock Exchange, this morning.

Buyers Sellers MINING:— 18 n Alexander V 4 Bell Hooper Bell Kilgour 0 3' *- 3 Big River 1 5 1 IQ (} Blackwater 3% 1 ID 1 A Brian Born 1 1 ‘t A Beep Lead Gillespie’s 1 1 9 7 i V 8% n Glenroy Golden Point 1 2% Goldfields Dredging 9% 0 11 Q King Solomon .. 3 2% O 0 0 Lawson’s Flat O K Maerewhenua 3% 10% 0 11 Mahakipawa 1 4 Mahakipawa, pref. 1 2 9 2% 4y 2 9 7% o Mataid • • 2 G 5 /2 ** Moonlight-Nelson C. 2 Nevis Diesel 4% 0 Okarito 8 6 0 Skippers 1 Stafford Sluicing Walhi 1 15 11 0 1 15 4 G 4 Waitahu 2 1 Worksop, extd. Argo Gold Dredging 2 1 G o 7% 9 Nokomai 3 0 o

BANKS (5 Comm, of Aust. 16 2 K (J E.S. & A. -.5 New South Wales 32 5 2 0 6 0 32 li 0 New Zealand 2 8 9 10 Reserve Bank u 9 0 INSURANCE:— 14 4 15 6 South British .. 4 G LOAN & AGENCY:— Goldsbrough, Mort, i 10 10 1 N.Z. Guarantee »> 4 FROZEN MEAT:— N.Z. Refrig., £1 pd. 19 0 19 9 4 N.Z. Ref rig., 10/- pd. 9 1 WOOLLENS:— 13 Kaiapoi, 17/- pd. 4 (; Kaiapoi, 7/- pd. 4 1 6 Mosgiel • • 10 17 BREWERIES:— o New Zealand .. 2 Staples .• 1 Tooths • • * 10 10 9 2 0 9 1 2 13 10 j 1 0 0 6 Monteiths MISCELLANEOUS:— 9 c Australian Glass 2 13 G 13 10 19 Q Beath & Co. • 1 Beath & Co., 1/- Pd. 12 10 6 0 6 Brit. Tobac. (Aust.) 1 19 3 1 79 Q Colonial Sugor 7 7 0 0 8 11 Electro Zinc (ord.) 1 3 Elec. Zinc, 8% pref._l_ lb 10 1