COMMERCIAL

Greymouth Evening Star, 27 April 1935, Page 8

COMMERCIAL

GRAIN AND PRODUCE [PEB PBESS ASSOCIATION.] CHRISTCHURCH, April 26. There has been a shade of easing in the potato market for Dakotas rather than Whites. Dakotas are quoted to-day at £5/2/6 f.0.b.5.i., and Whites at £5/5/-. Farmers are still showing 1 no disposition to sell at under £4 on trucks. Substantial quantities have gone to Auckland this month, the' total, including the Waipiata s shipment of 1080 sacks on Wednesday being 15,400. The position is in marked contrast with last year, when shipping up to the end fo April was negligible and- for May only 8000 sacks. The present indications are that the latter figure will be much exceeded next month. July-September quotations range about £6/2/6 f.o.b.s.i. The onion market is quiet. Quotations are from £lO/10/- to £ll on trucks. There is little to report in the small seeds market. Ryegrass is quoted up to 2/9 a bushel on trucks, cocksfoot to lOd a lb. and white clover Sd to lOd. The red clover market is weaker and. quotations are up to 8d a lb. The long spell of dry warm weather has enabled a larger quantitj 7 of lucerne seed to be harvested and offers to farmers range about 9ld lb. A good deal of the seed although a good sample, will lose weight in dressing.

EUTTER AND CHEESE. Copy of cablegram received by Dalgety and Co.. Ltd., from their London office, dated April 26: — Butter: Market steady. Danish 74/-. New Zealand finest 76/- to 77/-, Australian finest unsalted 73/- to 74/-; salted 72/. G.A.Q. 69/- to 70/-. Cheese: Market steady. New Zealand white 44/- to 44/6, New Zealand coloured 45/6 to 46/-, Canadian white and coloured 60/- to 62/-. WELLINGTON. April 27. The Dairy Board has fixed the prices on the basis of butter cheese sd, equivalent to 75/11 and 44/- c.i.f.e. BIG RIVER GOLD MINES. Report for week ending April 25: — On April 18 a hold-up occurred in the shaft 20 feet above No. 2 Level Chamber. A large percentage of the shaft timbering is in an advanced state of decay at this point, and has to be replaced. General .mine work cannot be resumed until- Monday next. N.Z. PAPER MILLS LIMITED. DUNEDIN, April 25. The directors of New Zealand Paper Mills, Ltd., at a meeting on Wednesday, resolved to recommend payment of a dividend at the rate of 4 per cent, making 7 per cent for the year ended March 31. The distribution will be' made on May 20.

(The dividend is unaltered from ‘last year, 7 per cent, being p-.id also in 1932 and 1933. Profits in the three•years ranged from £11,177 to £11,814, and the distribution of 7 per cent, abserbed £10,500. The paid-up capital of the company is £150,000, and the reserves at the 1934 balance, excluding the staff fund reserve, were £35,519.

SUMMERTIME ENDS. Summertime will end at two o’clock to-morrow morning. Do not icrget to put back the clocks by half an hour.