COMMERCIAL

Greymouth Evening Star, 10 August 1935, Page 5

COMMERCIAL

POTATO MARKET. [FEB PBESS ASSOCIATION.] CHRISTCHURCH, August,9. , There has been a. slight increase in the activity of the potato market, and although orders are scarce, and little is actually offering from the country, there has been, a hardening in quotations. Forward business seems more particularly sought after. Two boats went north this week, the Waipiata which took a total of 6441 sacks, 907 from Bluff, 3234 from Tinjaru and 2300 from Lyttelton, and the Port Waikato which took . 2800 £acks for Auckland from Timaru arid Lytteltori arid between 500 . and . 601). ports. Though these supplies nave beeri in addition to big shipments sent north I recently, there appears no weakening lin the Auckland market, possibly because of the extension of. the season which has been caused by the unfavourable weather in the North,. It,.is possible that the extension will preclude any disastrous fall in price here, but the whole position depends entirely on the supplies still left in the country and these appear to be substantial.

BUTTER AND CHEESE. I Copy of cablegram received by Dalgety and Co., Ltd., from their London office, dated Au,gust 9;— Butter: Market very firm. Danish 89/- to 90/-, New Zealand finest .93/6 to 95/-, Australian finest lihsalted 98/-, salted 92/- to 93/-, G.A.Q. 88/to, 90/-. „ Cheese: Market very firm. New Zealand white 47/-, coloured 46/6, Canadian white and coloured 52/- to 64/-, Canadian ci.f. 48/- to 50/-.

WELLINGTON, August, 10. Dairy produce prices were fixed on the basis of butter 10|d, cheese sd, equivalent to 87/3 and 44/- c.i.f.e. . GOLD AND EXCHANGE LONDON, August 9. Gold 140/51, dollar 496 7-16, franc 74 13-16.

shocks And shares

, ,ib; Sales;, j New, s .Zealand ( 40/-, Commercial Bank of Australia 17/8,, 17/7. .17/6j; South. British .96/6, Dalgety • andCo,„ £ 8/4/ T .; Colonial Sugar £4577/6; ,010‘p; 16/-. ...Sales reported;. Ltd. ..£6, £5 16/-; .WoolworiW (W. £975/-. . bacco 467.4,, Br-dfieh r Hill 66/-,. South British ,96/6,', & A. Bank,J£s 10/-,\ Beser.ye Bank £ 6/9/9, Woolworths (Byd.) n £5/17/6. . . , . DUNEDIN, H August 10. Sales;. a .agf, A Bank. 10/-/ Refrigerating (corit.j 10/;* Woolworths (Sydney,). £5 ,17/3. .Reported:, N.Z. Breweries £2 13/3. After qall: Quartz Mountahi 12/-. __ V t >st su sp ■jk J* 'i•£ 5, ’J ■ WORKSOP. EXTENDED. , , REEETON, Adjust iff. Worksop Extended return: 51 ozs. for 134 hours, 9500 yards.

NEW RIVER GO’LD DREDGING.

The,, contractors l|ori., Me' coristMctipn, of the dredge for this company report that a workshop and (workmen's huts lihvej.been erected pn the •claim*, and a sidmg' from Ogilvie's tramline bps beed Ijiid, down., Wk on the pond .is. proceeding and the darn and drainage race completed. charleston sluicing cd'. . t • ■■ ■ > •_' . * • —— ; \ The Charleston, .Sluicing Company will nof wash t up-this wqek /says ~the “Westport , n „ A temporary storing plant is. being installed. ..to work .a. new St/ip .of ground and sipicing will commence oh Monday next.

ALEXANDER MINES .returns fop Ju/y.:—Battery department: 320 tons ore crashed for 120 dzs, 8 dwts. incited gold. Cyanide department: 203 tons sand treated for, 35 ozs., 16 dwts bullion.. CencCntrates roaster:. Y7fy&S., 4 dwts. bullion. Totdl estimated vdfu'e: £1,077. Ip, addi,t|on: 10,.399 tons concentrates have» it beep .saved; valued* at £312. Nofp.'Jp, ea.timaiing l the above values, gold has been taken at 145/per fine dunce. BIG RIVER GOLD MINES Report for week ending August SiNo. 4 South Drive: Crosscut into hanging wall driven.B feet. Nothing disclosed so far. North Stope: This stope is not finished. Commencing further north. South Stope: Stoping continued. Width and length of reef being well maintained. Rise Stope: The stone here is narrowing and shortening quickly. Winzes —North Winze: This winze is commenced 60 feet north of the North Block. Sunk 4 feet and shows full face of stone. North Block: Sunk 3 feet, total 26 feet.. Stone 6 inches wide on North side. South Winze. Sunk 4 feet, total 9 feet, and shows full face of stone. All winzes are being worked single shift. Shaft. Sunk 4 feet. Total 44 feet from chamber No. 4. Battery: 64 tons sent to battery.

WESTLAND BREWERIES, LTD. The Directors' report to be presented to the shareholders at the seventh annual general meeting to be held on Wednesday. September 4, 1935, is as f Your b directors herewith submittheir report for the year ending June ..0 last, together with the audited balance sheet and statement of profit and loss account. For the year just past it will be pleasing for shareholders to note that the company’s business has considerably improved, sales showing a decided increase. This position is largely duo to the general improvement in trading conditions on the West Coast and the consistency of the company's products which are highly popular not only in Westland but also in other parts of New Zealand. The gross profit for the period under review after paying for materiakis, wages and beer duty is £ 12,749/4/-. The nett profit after allowing for depreciation and income lax is £2.959/10/-. Your directors have much pleasure in recommending to shareholders the payment of a 5 per cent, dividend. This will absorb the sum of £1,568/14/- and will allow tlio .'■urn of £5174/13/- to be carried forward to the credit of next year's accounts. Arrangements have been made with the company’s bankers to liquidate the amount for debentures on August 31 1935. This will r« u siilt in the amount of interest to be j met being considerably reduced. The amount owing for Debentures has been reduced during the year from

£1f1,250._t0 .£14,435. - Although a small reduction in Beer Duty was made, in September, 1934, this form of taxation is still severe and this, together with the Sales Tax and restrictive trading hours is a serious handicap. It is td be hoped the Government will ,ih the near future recognise trade ifi which so many are Employed., 3 ...The thanks, of the directors are again extended, to the staffs at the various units for their loyal and efficient services during the year. The whole of the directors retire in accordance with...thq' Articles .of Association, and being eligible for reflection, offer theffis<elves,.accordingly. Mr,. M. (J. Phillip?, auditor, retires and offers himself for re-election.