COMMERCIAL

Greymouth Evening Star, 13 July 1935, Page 5

COMMERCIAL

WOOL SALES. [by cable —vuesa assn. —copyright.] LONDON, July 12. At the wool sales, 9,775 hales were offered, including 6208 New Zealand. About 8754 Australian and New Zealand were sold. With strong Home and Continental competition, especially Home, prices were fully maintained. New Zealand scoured merinos, Roolesby, 24d, ditto, half-bred top, 23 Jd, average 232 d: greasy crossbred, dot/EE 12d—8"d. GOLD AND EXCHANGE. LONDON, July 12. Gold 140/11, dollar 495 5-16, franc 74 7-16. POTATO PRICES. CHRISTCHURCH, July 12. Almost excited interest has* centred in potatoes during the past few days, and quotations have risen substantially. It is very difficult to establish an accurate market price, for sales are reported to have been made from £7 to £8 2/6 f.0.b., a rise of £1 for the week. There seems to be no undue anxiety on the part of the Northern merchants to acquire potatoes, although there has been a slight improvement in the number of enquiries coming forward. The market has been mainly built up by the trade. Farmers show their same indisposition to sell, and when they do, allow only

very small lots to go out. A boat on Wednesday took north 2600 sacks of tables from Lyttelton and 1700 from Timaru, a total that would seem to be enough to keep the Auckland market quiet for a bit. The farmer is still apparently expecting there will be an outlet to Australia, but quotations from Sydney this week indicate that the market there is weakening. Meantime quotations to farmers are about £6 5/- on trucks with little more for Dakotas, for which there is better enquiry. The rest of the grain and produce market is very quiet indeed. BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Company, Ltd., from their London Office, dated July 12. Butter: . Market steady. Danish 78/-, N.Z. finest 89/-, Australian finest unsalted 87/-, Australian finest salted 86/-, Australian G.A.Q. 82/- to 84/-. Cheese: Market slow. N.Z. white 44/6, N.Z. coloured .43/6 to 44/-, Canadian white and coloured 58/- to 64/-. WELLINGTON, July 13. Dairy produce prices lilave been fixed: Butter 10 5-Bd, cheese sd, equivalent to 86/4 and 44/- c.i.f.e. STOCKS AND. SHARES. WELLINGTON, July 13. Sales: Broken Hill 59/5, D.I.C. pref. 24/9. . WORKSOP DREDGE. REEFTON, July 13. Worksop dredge return: Fifty-four ounces for 124 hours, 8800 yards. CHARLESTON RETURN. WESTPORT, July 13. Charleston return for fortnight ending to-day: 15ozs. 19dwts. for 20 shifts. MAORI GULLY DREDGING. Return, retorted gold, 62ozs 7dwts., 119 hours dredging. The dredge is now half way through the first narrow part of the claim. After this narrow part, which will be passed sometime next week, the flat widens out considerably and continues this width until the gorge proper is reached, possibly in six to nine months. BIG RIVER GOLD MINES Report for week ended July 11: No. 4 South Drive. Advanced 7 feet. Country good. Nothing of value. No. 4 North Drive: Advanced 9 feet. Stone cut out. South Stope: Stone 6 feet wide; of good quality. North Stope: Stone 2 ft 6ins. wide, length 20 feet. Rise stope: Stone patchy, widest 2 feet. North Winze: .Sunk 5 feet full face of stone. Shaft: Timbered and filling another 6 feet. Battery: 59 tons sent to battery. BUNDI TIN DREDGING The manager of the Bundi Tin Dredging Co. N.L. advised head office, Sydney, on July 12 inst, as follows: “Opening out not completed, washed up 54 ozs. smelted gold, this represents not more than ten thousand yards of average face. We consider prospecting values fully recovered. Only fifty per cent, face bottomed, will take till end of August to open face, aml get full yardage. Gold saving appliances satisfactory, plant working well.” _ , The Sydney Board of Directors have appointed Mr. G. E. Poole a local director. Mr. R. S. Poole has now taken over the management. | ANTONIO’S HYDRAULIC CO. The statutory meeting of Antonios Hydraulic Elevating Company. Ltd-, was held on Wednesday. Mr Neil McVicar, chairman of directors, presided. . , , The directors’ report was adopted, and the fees for the directors and auditor were fixed for the ensuing seal as required by the Act. A discussion took place on various matters connected with the company. The directors assured the meeting that they were out. to develop the claim in the interests ot shareholdei s. and that rapid progress had already been made. Material lor pipe lines had already arrived from Liverpool, and the contract let for construction of pipes at the claim as soon as the material reached it. Workmen had already done considerable work on the water-race and huts and buildings were being erected on the claim for the tme of the workmen. Mr J. J. Bourke. of Barrytown, was appointed manager. It was reported that preliminary expenses were only half the amount provided for in the prospectus. Resolutions were passed directing (lie secretary- to protest to the Government and Ministers concerned against the gold export duty and. also against sales tax being charged on material lor pipes.