COMMERCIAL

Greymouth Evening Star, 22 December 1934, Page 8

COMMERCIAL

COLD AND EXCHANGE. LONDON, December 21. Gold 140/11, dollar 493 g, franc 74 1-16. GRAIN AND PRODUCE CHRISTCHURCH, December 21. The interest of merchants is concerned mostly with prospects of the coming harvest. The pessimism that has been expressed as to the results of dry weather was not warranted up till a week ago, but the hot sun this week is bound to affect yields, rain comes with little delay. Oats now ripening will be bleached in some districts and Spring sown wheat is likely to be seriously affected, but the bulk of Autumn sown area of wheat is looking quite well and requires only a good shower to ensure satisfactory yields. A large acreage of wheat is at the critical stage. A fortnight more of present weather will seriously affect it so that there si a good deal of anxiety. There is no inquiry for oats a good deal of reaping is now in progress. The potato crop is looking well. It is yet too early in the season for the weather to affect it adversely. Reports from the Peninusula state that exposed faces have been burnt up by the drought, and a promisingcocksfoot yield of two months ago will not be reasised. The crop is still looking fairly well on the shady faces. The acreage of ryegrass closed up for seed is likely to be less than estimated some weeks ago. Farmers have had to graze some of their fields originally destined for seed.

STOCK EXCHANGE HOLIDAYS

The stock exchanges will be closed until January S. GOLDEN SANDS. The Golden Sands return was 23 ounces 10 dwfs for thirty shifts of ’eight hours. WORKSOP DREDGE. There was no wash-up at the Worksop dredge yesterday, the wash-up taking place on Monday. BIG RIVER GOLD MINES. Report for week ending December 20; —No. 3 Crosscut: Work has been suspended in this face during the week. No. 4 North Drive: Total distance driven on reef 73 feet. Width of reef 7 feet. Stope maintaining width and quality. No. 4 South Drive: Total distance driven 52 feet, of which 29 feet is on reef. Width of reef 9 feet. Visible gold in increasing quantities. Battery: The cleanup is taking place.