COMMERCIAL

Greymouth Evening Star, 3 August 1935, Page 8

COMMERCIAL

GOLD AND EXCHANGE. Eby cable —press assn. —copyright.] LONDON, August 2. Gold 140/10, dollar 495 7-16, fraud 74 13-16. GRAIN AND PRODUCE. CHRISTCHURCH, August 2. The potato market which began to show a little life at the beginning of the week has again lapsed into the moribund state in which it was at the end of last week. There appears to be a disincliffation for business, both in town and. country. The Waimarino got away two days ago with a further 7112 sacks, 1662 from the Bluff, 1550 from Titnaru, and 3900 from Lyttelton, so the Auckland market must now be fairly comfortably stocked, about 30,000 sacks having gone north in the last fortnight. Of course, a proportion of the three shipments w’ould be made up of seed, and some went to other ports, but enough went to Auckland to keep the supply there plentiful for a fortnight. Another boat was loading at Timaru yesterday, and is due in Lyttelton to load to-day. As there is no steady demand, the market is erratic and quotations hard to give definitely. Nominal price for Whites on trucks £6/5/- to £6/10/-, Dakotas £7/5/-. Other markets are lifeless particularly the small seeds market, which at this time of the year usually begins to show some signs of : improvement.

A halfpenny increment went on to the price of milling wheat on Thursday. There will be a further increment of Jd next month, but that will be the last.

BUTTER AND CHEESE. Copy of cablegram received by Dalgety and Co., Ltd., from their London office dated August 2:— Butter: Market firm. Danish 89/to 90/-, New Zealand finest 93/6 to 94/-, Australian finest unsalted 95/to 96/-, salted 92/- to 93/-, G.A.Q. 88/to 89/-. Cheese: Market firm. New Zealand white 45/- to 45/6, coloured 44/6 to 45/-, Canadian white and coloured 52/- to 64/-, Canadian c.i.f. 48/- to 49/-. STOCKS AND SHARES. DUNEDIN, AUgust 3. Sales reported: Bank of New Zealand £2/11/10; P. and O. Stock, £l/3/-; Kauri Timber £l/2/-; Gillespies 1/3J; Worksop 2/5. WELLINGTON, August 3. Sales reported: Four per cent. Stock, 1940, £lO2/2/6; Commercial Bank, Sydney, Australian delivery £lB/11/-; Union Bank .£9/2/6; Goldsbrough Mort. 31/6; Wellington Gas, ord. 40/6; Dunlop Perdriau 16/-; General Industries 19/6; Broken Hill 60/8, 60/9; Woolworth’s Ltd. £5/3/6. GOLDEN SANDS UMITEE. The wash-up for the Golden Sands claim is 58 ounces 9dwts for 34 shifts of eight hours. BELL HILL SLUICING CO. The secretary reports that the result of the wash-up was 12oz. 19dwt for 57 hours’ sluicing. WORKSOP EXTENDED. REEFTON, August 3. Worksop Extended: 26 ozs., for 88 hours, yardage 5450. BROKEN HILL PROPRIETARY. WELLINGTON, August 3. Broken Hill Proprietary report that .übject to audit, the net profit for the year ended May 31, was £670,442 4/9, after providing £541,949/0/3 for depreciation, and £26,240/14/9 for debenture interest.

MAORI GULLY CO. Owing to their now not holding the requisite number of shares, Messrs P. Beck and W. Hill have automatically resigned from the directorate of the Maori Gully Dredging Coy. Ltd. Messrs A. Shannon and C. Richardson have been appointed to the vacancies. There was no wash-up this week owing to the ladder undergoing Repairs, but it is expected that dredging will start again on Wednesday. BIG RIVER GOLD MINES. The report for the week ending July 31 of the Big River Gold Mines, Ltd., i s: —No. 4 south drive: Advanced eight feet. Good track still in evidence. North stope: This stope is almost worked out. South stope: The present stope being worked is showing improved size. The stone in places is wider than in the previous stope. Width now six feet. Rise stope: This stope is maintaining its width (four feet) going up: but is not lengthening. Length ten feet. North winze: Sunk dx teet. Total 23 feet. The stone disappeared in the beginning of the week, and now shows signs of coming in again. South winze: Sunk five feet. Total five feet. Full face of stone showing in winze. Shaft: The top portion (40 feet) above the filling is now completed. Battery: Forty-seven tons of stone sent to the battery. C O MPAN Y REG ISTERED.

Alluvial Borings and Explorations Ltd. Registered as a private company. July 24. Capital: £lOO into 100 shares of £1 each. Subscribers: Dunedin—R. L. S. Tudehope 50. Greymeuth—G. E. D. Seale 50. Objects: To acquire and take over as a. going concern the boring plant and business of boring carried on by Messrs Tudehopo aud Seale al Greymouth, to carry on the business of boring for gold and other minerals and general incidental.