COMMERCIAL

Greymouth Evening Star, 30 March 1935, Page 8

COMMERCIAL

GRAIN AND PRODUCE.

[PEB PBESB ASSOCIATION.]

CHRISTCHURCH, March 29. Onions have again provided the noteworthy item of the week in the grain and produce trade. Values rose to £l2 a ton on trucks. Some years ago values were up to a ton, but growers Under-estimated the crop, and eventually many of them who refused the high price, had to accept much reduced figures, the crop turning out much better than was anticipated. Such a development is not likely this year, as the crop is known to be very small. The potato market shows little change in the matter of values, al? though there is a slightly easier tendency. Prompts are still si’orth the figure quoted last week, £6/10/per ton f.o.b.s.i. After the frost of yesterday morning potatoes will be lifted with more confidence of them carrying. Spread f.o.b.s.i. values remain at £5/15/- for whites,but Dakotas, which generally bear a premium over whites, are slightly less. Potatoes have been purchased from farmers this week at "£4/15/- a ton, a shade less than at last week. There are reports to hand of some good crops being lifted in the Rangiora district.

The market for Algerian oats has eased, and these are now quoted at 2/4 per bushel on trucks. Inquiry for seed though improved is still below expectations. A Gartons are quoted at 3/2 f.0.b.5.i., or 2/B.on trucks, and B’s 2/4 on trucks.

The market for peas is unchanged at 6/- a bushel on trucks. Thera is still an absence of export inquiry, and most of the stocks purchased aye going into store in anticipation of overseas inquiry developing. Chaff is unchanged at £3 to £3/5/per ton on trucks. North Island business is being supplied from Blenheim. The small seeds market shows little change except” that the cowgrass market is weaker. Values are from 9d to lid on trucks.

GOLD AND EXCHANGE. LONDON, March 29. Gold 143/8, dollar 484, franc 73 7-16. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Co., Ltd.,' from their London office, dated March 29: — Butter: Market firm. Danisn 80/to 82/-, New- Zealand finest 76/-; Australian finest 1 unsalted 75/- io 76/-; salted 73/- to 74/-; G.A.Q. 71/-. Cheese/ Market firm. New .Zealand white 46/-, New Zealand coloured 47/- to 47/6; Canadian white and coloured 58/- to 62/-.

WELLINGTON, March 30

[ Dairy produce f.o.b.c.i. f sales, is ! .fixed on a basis of butter 9d, and | ,cneese s£d, equivalent to 74/- and | .44/11 c.i.f.e. ’ STOCKS AND SHARES. WELLINGTON, 30. Sales reported: Four per cent. Inscribed 1946 £lO6 5/-, Colonial Sugar £4O 7/6. KING SOLOMON MINE. INVERCARGILL, March 29. The wash-up at the King Solomon mine for the week was 71oz. lOdwts. >t MT. GREENLAND MINE. r The Mount Greenland mine, situated !. nine miles from Ross in hilly country, r and as yet' without,road formation to it, is fast being developed. The reef, e 37 feet, wide, is showing gold, and a o big area of stone is being developed. The company propose to erect five f head of stamps, but some delay is be- - ing occasioned -because of the difll- - culty in transporting machinery from Ross to the mine. i SKIPPERS, LIMITED. I Tho following telegram has been i received from the mine manager of . Skippers, Ltd.: High flood Monday caused no damage either plant or mar terial, but silted up paddock. Rain r and later a snowfall have greatly augmented water supply, which should . allow us to make much better prol gress. Sluicing already restarted and , weather improving. : BIG RIVER GOLD MINES, LTD. Report for week ending March 28: . No. 4 North Drive: Advanced seven i . feet. Total distance driven on reef, since cut in west crosscut 23 feet.

Reel still maintaining size, namely 3 feet 6 inches. Visible gold well distributed over the face. Stope: Stope has been filled in and breaking No. 4 stope commenced. No. 4 South Drive: No. 2 stope in progress. The reef hero is 12 feet wide and of good quality. Main Shaft: The shaft is blocked and commencing filling for 30 feet up. Sinking and timbering will then-be done. Battery: Working three shifts per day during the week. MACETOWN DEVELOPMENTS. Report for period ending March 23. —The trenching of the new shoot of pay ore discovered in the All Nations lode, Maryborough Mine, has disclosed a length of 110 feet and a sloping width of 5 feet 6 inches, value sdwt 12gr per ton, the gold being very evenly disseminated through the entire shoot: farther west than the shoot the reef track gives a fair prospect of gold in the dish. A start has been made with the cross-cut tunnel to intersect the new shoot discovered in the Homeward Bound Mino, where exceptionally high values were obtained, at a point 90 feet vertical under the rich section, the distance driven for the week was six feet. The survey of the Homeward Bound section is now complete. This discloses a very much larger volume of ore than was anticipated, three very definite shoots lying in parallel show a cross section of 700 feet at right angles to tho pitch and a length of backs along the downward strike of 3000 feet and an average sloping width of 5 feet 6 inches. The survey of the whole of the Mines will bo completed in fourteen days. The plan when complete will show the whole of the reef system correlated and the locations of , the various pay ore shoots with the assay values set out.