COMMERCIAL

Greymouth Evening Star, 21 December 1934, Page 8

COMMERCIAL

SYDNEY WOOL SALES.

[BY CABLE —PRESS ASSN. —COPYRIGHT.]

SYDNEY, December 20. At to-day’s wool sales, 11,747 bales were offered. Eleven thousand hales were sold, also 1,539 bales privately. AU the best features of the recent auctions were again in evidence, with the trend of values in the growers’ favour for all well-grown, good-con-ditioned lines. The main supporters were Japan, Bradford and France, with some support from Germany and America. Greasy merino made 16£d. GOLD AND EXCHANGE. LONDON, December 20. Gold 140/8&, dollar 404 5-16, franc 74L BUTTER AND CHEESE. Copy of cablegram received by Dalgcty and Company, Limited, from their London office, dated December 20, 1934: — Butter; Market steadier at the lower prices. Danish, 102/- to 104/-: N.Z. finest, 69/- to 69/6; Australian finest unsalted. 70/-; Australian finest, salted, 69/-; Australian G.A.G., 67/-. Cheese: Market steadier at the lower prices. N.Z. white. 43/-; N.Z. coloured, 42/6 to 43/-; Canadian white and coloured, 52/- to 56/-. STOCKS AND SHARES

DUNEDIN, December 21. ■ Sale: Big River 2/-. CHRISTCHURCH, December 21. Ou ’Change: N.Z. Breweries 51/6, 51/5, Big River 2/1, Skippers 8d (3). Reported: New Zealand Breweries 51/5, Timaru Brewery 11/6. N.Z. Drug Co. 80/-. AUCKLAND, December 21. Sales: Renown Coal 5/3, 5/-, Grand Junction 4/10, Alexander Mines 12/6, Commercial Bank 16/4, Breweries 51/3, 51/-, Drug 79/6, Taupiri Coal 17/6, Waihi 37/9. The Exchange will be closed until January 8. MATAKT JUNCTION* DREDGING. Mataki Junction Gold Dredging Company, N.L., has been registeieJ in Sydney. The authorised capital is £50,000, in 400,000 shares of 2/6 each. Subscribed capital, 100,000 shares fully paid (vendors and promoters), 250,000 shares paid to 1/6 (public). Reserved 50,000 shares under option. The property is .situated at Murchison. New Zealand. STAFFORD GOLD NEW OPTION. Stafford Gold Dredging, N.L., New Zealand, has secured an option over a dredging area adjoining the Stafford leases, says the “Sydney Morning Herald.” Steps are being taken to test-bore this area, and if results warrant, a separate company will be formed to equip and operate it. Owing to continued dry weather, affecting the hydro-electric power supply, dredging on the existing leases has again been suspended.

BELL HILL SLUICING CO. A meeting of shareholders of the Bell Hill Sluicing company was held on Wednesday, when the following resolution was passed: “That the directors of the company are authorised to grant an option over its mining rights and privileges upon such terms and conditions as the directors shall think fit.” A meeting of debenture-holders of the company consented to the above proposal. It is understood that the directors are negotiating with a company desirous of acquiring an option for six months over the mining rights and privileges for a consideration, payable £6OOO in cash and 6000 fully paid shares in a. company to be formed for the purpose of further developing the claim. MINING HOUSE, LTD. The Mining House (N.Z.), Ltd., announces that it. Iras received cable advice from Loudon that Mr A. Hedley Williams, who recently formed the New Zealand Mining and Investment Corporation, Ltd., in London for Hie purpose of dealing mainly in New Zealand mining propositions, has now brought about an amalgamation of all the big mining groups in London in order that the gold mining industry in New Zealand may be developed in the most systematic and economic manner. The amalgamation affects such powerful mining groups as New Consolidated Goldfields of South Africa, Selection Trust, Central Mining, and .the Anglo-Oriental Mining Corporation, while the Australian Selection Trust, recently formed in Great Britain by the Oroville Dredging Company, Ltd., and Camp Bird, Ltd., is also concerned. Two representatives of these groups have now joined the board of directors of the Now Zealand Mining and Investment Corporation, Ltd., and it is the intention of this company vigorously to prosecute active mining operations in both the North and the South Islands.

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ADDISON’S FLAT

A further dividend of 10 per cent, was paid yesterday. The Directors report as follows: —

The season has been exceptionally dry, in consequence whereof a shortage, of water has occasioned some loss of time. In order to reduce such loss of time to a minimum the Directors have resolved to increase the storage capacity of the dam by raising the height of same, and this work will be undertaken at an early date. The mining operations of the Company so far encourage the belief that the claim has a long life ahead of it, and will continue paying steady dividends. The Directors have in mind the extension of operations to Gallagher's Lead, and intend building up a reserve for this purpose, as recent prospecting indicates that this area is substantially richer than the present claim. The operations so far indicate that the Company has a valuable property with bright prospects. PUBLIC TRUST OFFICE.

Statement for November:—Estates of a value of £544,407, were reported and accepted for administration by the Public Trustee during the month. On March 31, 1934, the total value of the estates under administration by him was £60,760,493, and the new business for the eight months ended November 30, 1934, was £4,164,542 compared with £3,504,792, for the corresponding period last year Grants of administration made by the Court in favour of the Public Truster numbered 165 for the month. Duriir the month 313 new wills appointin/ the Public’Trustee executor were deposited for safe custody by livina,