COMMERCIAL

Greymouth Evening Star, 27 February 1935, Page 8

COMMERCIAL

BRITISH MARKETS.,

[by CABLE—PRESS ASSN. —COPYRIGHT?;

RUGBY, February 25. Stock markets, are quiet, while West African gold mines are strong. British funds are dull, with War Loan 34 per cent. £lO6/7/6-.

WHITE STAR LINE.

LONDON, February 26.

The, White Star " Line has called a meeting for March 7, to consider the advisability >of voluntary liquidation.

STERLING EXCHANGE.

LONDON, February 26

The “Daily Mail’s” City Editor commenting on sterling exchange, points out that there is no need for uneasiness. “On the contrary,” he says, “this justifiable setback to the currency should be helpful to industries in these times of quotas and restrictions, and it should stimulate our export (trade and relieve, unemployment.” LONDON, February 26. Gold 143/6L’ dollar 486 13-16; franc 73£.

FOWL WHEAT MARKET.

CHRISTCHURCH, February 26.

The Wheat Purchase Board recently released a quantity of its stored wheat for the s North Island poultry feed demand, and this has had an immediate effect on the market, particularly for forward business. Spread quotations had risen as high as 4/7 per busel f.0.b.5.e., and this has eased since the advancement was made, to 4/5, with very few buyers, whilst prompt fowl wheat has come back from 4/4 to 4/3. The Wheat Board is releasing its wheat at 4/4. It is understood that the Board’s action was to prevent forward fowl wheat soaring to levels which would unduly raise the price to North Island poultrymen.

STOCKS AND SHARES.

CHRISTCHURCH, February 27.

Sales on ’Change: Bank of New Zealand 49/-. (2), National Insurance 22/-, New Zealand Refrig (£1 paid) 19/3, New Zealand Breweries 50/-, 50/2 (4), Tooths Brewery 47/6, Dunlop Pedriau Rubber 18/10 (2), Henry Jones Co-op. 35/-, Brian Boru 3d (2), Kildare 3/- (2), Mossy Creek 2/1, Mount Lyell 17/7, 17/6, Skippers 4|d. Reported: United Building Society 22/9, National Insurance 22/3. DUNEDIN, February 27. Sale: Skippers sd. AUCKLAND, February 27.

Sales: Big River 2/2, Refrigerating Con. 9/1, United Building 19/6, Gear Meat 21/6, New Zealand Newspapers 33/9, Cement 34/-, Waihi 41/-, Bank of New Zealand 49/3, South British 94/3, National Bank of Australia con£6 7/-, .Commonwealth Bank pref £9 18/-, Harbour 4| £lO6 10/-, Gisborne Sheepfarmers £lO3. MATAKI RETURN. The official return for Mataki Golddredging, Ltd., is as fpllows:—Hours 134, yards 13,400, yield 27ozs. ADDISON’S FLAT RETURN. WESTPORT, February 26. The Addison’s Flat return for the fortnight ended February 23 was 24 o.unces 6dwt. for 15 shifts. There were 21 shifts lost through shortage of water. WHITE’S ELECTRIC DREDGE.. The secretary reports that an additional area of approximately 100 acres has been acquired by the company; this now brings the total area of the company’s property to 270 acres. Boring operations have commenced in this area, the result of No. 1 bore being depth 21 feet, value 6.4 d, gold at £4 per ounce. Results of further bores aer not yet to hand. A dredge contractor has undertaken to guarantee 90 per cent, extraction of the free gold lifted by the buckets, and a capacity of not less than 50,000 yards per month. He has also offered to take a contract to dredge the area at an overall cost of 3d per yard. In view of the fact that the average of the first 90 acres prospected exceeded 1/- per yard, handsome profits should result. The yardage for this area is computed at 2,600,00 yards. All licenses which the company holds have now been granted through the Warden’s Court.

QUILL, MORRIS, LTD.

RECONSTRUCTION PROPOSALS.

CHRISTCHURCH, February 26

The annual meeting of shareholders of Quill, Morris, Ltd., in liquidation, was held to-day. The trading operations of the company showed a profit for the year of £3027/14/- with accumulated profits during the period of liquidation now amounting to £6610/15/-. Tho Chairman (Mr 11. J. Otley) commented favourably on the position disclosed, referring particularly to tho bank overdraft, which was now £7233, as compared with £41,896 at the time of liquidation. He commented also on the increased turnover, both in wines and spirits, and in aerated waters and cordials. The adoption of the report was unanimously agreed to. The meeting considered certain reconstruction proposals placed before the shareholders by the liquidators of the company, and on the motion of the Chairman, a sub-committee comprising Messrs J. S. Middleton, G. E. F. Kingscote, and A. Anderson was set up to confer with the liquidators, and to report to a later meeting of shareholders.

A motion of thanks to the liquidators was carried.

He was applying for a job

“What position did you hold in your last situation?" asked the prospective employer. “I was a doer," sir, said the boy. ‘‘What do you mean by that?"

“Well, sir," was the reply, “when my boss wanted anything done het would tell the cashier. The cashier would tell the bookkeeper and the bookkeeper would tell the junior clerk, and the clerk would tell me. And as I hadn’t anyone to tell, 1 used to do it."

Tho tea-room manageress, looking extremely angry, approached the customer’s table.

“I'm sorry,” she said, “that you have found fault with my cakes. The business of this cafe has been built almost entirely on my cooking.” “Madam,” replied the customer, “I see no reason to doubt it. With a few more buns like those you could built au hotel.'”