COMMERCIAL

Greymouth Evening Star, 26 February 1935, Page 9

COMMERCIAL

NEW DYEING PROCESS I I [by CABLE —PRESS ASSN. —COPYRIGHT.] I LONDON, February 25. The British Dyestuffs Corporation • as the result of two thousand experi- . ments, has discovered a new technique for dyeing wool at lower teniI peratures, enabling the dyeing of thicker fabrics, including felt, with 1 dyes hitherto unused owing to poor I colour penetration. The new method is more rapid than boiling point dyeI ing, which is detrimental to thick ( woollens. i WHEAT QUOTATIONS i LONDON, February 25. Cargoes quieter. Parcels occasionally easier. Futures: London, February i 19/lOi, April 19/BS, June 20/SJ. Liverpool, March 4/7 3-8, May 4/10 5-8, July 5/1. BUTTER AND CHEESE WELLINGTON, February 26. The Dairy Board has fixed the minimum f.o.b. c.i.f. sales bases for butter at 10d, and cheese 5 3-Bd, which is equivalent to 81/7, c.i.f.e. for butter and 46/10 for cheese. STOCKS AND SHARES. WELLINGTON, February 26. Sales: Four per cent, bonds, 1940, £lO2/15/-, Bank of Australasia cumdiv. £ll/10/-, Bank of New Zealand £2/9/6, Tooth’s £2/7/9, British Tobacco £l/17/9, Waihi £2/1/-, Colonial Sugar £4O/10/-. DUNEDIN, February 26.

Sales reported: British Tobacco £l/8/-, N.Z. Breweries £2/9/9. CHRISTCHURCH, February 26. Sales on Change: Government 4 per cent. Inscribed 1937-4/ £lO2/10/(4), Bank of New Zealand 49/6, National Insurance 22/-, New Zealand Insurance 22/-, New Zealand Breweries 50/-, Electric Zinc (ord.), 21/9 (2), Goldfields Dredging 7&d, King Solomon 3/11 (5). Reported: Union Bank of Ai'Stralia (late sale 25th) £B/12/6. AUCKLAND, February 26. Sales: Gas 27/6, Waihi 41/-, Bank of New Zealand 49/4. Reserve Bank £6/10/-. GILLESPIE’S BEACH. WEHEKA, February 25. Gillespie’s Beach dredge return last week was 340 z. for 119 hours’ work. MATAKI DREDGE. AUCKLAND, February 25. Mataki dredge return for the week ended 24th inst. was 27ozs. for 134 hours’ work. UPPER WATUT GOLD. A recent “unofficial” listing on the s New Zealand Stock Exchanges was Upper Watut Gold Alluvials, N.L., the company’s 2/- paid shares now selling

about 6/6. The head office of the company is in Melbourne and the property is on the Upper Watut river on’ the Morobe goldfields, New Guinea. The capital is £200,000 in 800,000 shares of' 5/- each. The vendor company, Mount Lawson Prospecting and Options Syndicate N.L., received 200,000 shares, 187,500 shares were reserved for application by shareholders' of the vendor company and 412,500 shares were offered for public subscription. The vendor company also receives £8625 in cash, being the amount expended by the syndicate in testing the areas. To complete tho purchase of the lease over which options have been • obtained, payment of £26.200 more is necessary. The company proposes to sluice areas comprising 17,000,000 cubic yards of wash.

COMMONWEALTH MINING

LONDON, February 25

The “Financial Times” understands that Commonwealth Mining Finance Ltd. is convening a meeting early in March. It is believed that an issue is to be made at a price below the current quotation of 14/-, and that the fresh capital will be used for intensive development and for plant for the Yellowdine operations, also for the payment of purchase monies to the discoverers