COMMERCIAL

Greymouth Evening Star, 13 June 1936, Page 13

COMMERCIAL

GRAIN AND PRODUCE

[PER press association.]

CHRISTCHURCH, June 12. The week has been exceptionally quiet in the grain and produce markets, little business having been recorded in any line, with the exception of fowl wheat. Prices on the whole remain unchanged. Fowl wheat is being offered plentifully, the Government Statistician’s figures which were published this week having turned thoughts of growers to the quantity that is likely to be available this season. The bulk of the offerings are of undergrade, some of it good and some of it very bad indeed, and while this can be bought at relatively cheap prices, there is only a small demand for good. Whole grade values have not slipped further than the point reached at the beginning of the week, but there is little strength in he marke.

Oats continue to come in steadily

though the offering is not large. Good quality lines are saleable at about the rates ruling at the end of last week.

The potato market has this week shown no signs of recovering from the uncertainty that has affected it recently. Enquiries from the north are few and far between, and when they arrive, generally, offer a figure lower

than merchants here can induce farmers to accept. Farmers are still holding for £5 on trucks, but the Auckland idea of value is about £4/15/-. Some business has been done at this figure, but in the main growers are content to hold in the meantime. Shipments north have for a fortnight been small and it appears that northern buyers will soon have to come to the south for supplies. Reports coming in appear to indicate that the crop has been by no means as badly damaged as it appeared earlier would be the case. There have certainly been complete failures in some districts but to offset this, other districts have had yields that have not been known before. Graders have been kept busy at

the ports, particularly with dirt, and more lines than usual have failed to pass.

Small seeds market remains in a comatose state, and no great improvement is looked for before the middle of next month or early in August.

GOLD AND EXCHANGE

LONDON. January 12. Gold IBS/OAd, dollar 503, franc 7G 13-32.

STOCKS AND SHARES

DUNEDIN, June 12. Sales reported: Dunlop Rubber 17/10; Wilson’s Cement £2/5/- (late vcsterday); Tooth’s Brewery £2 12/3.

AUCKLAND, June 13.

Sales, final call week: Mt. Morgan 15/5, Devonport Ferry 21/9, Peters Ice 24/6, Bank Mortgage 28/9, Breweries 53/-, Burns Philp 72/-, Broken Hill 72/6, Con. 50/3, Woolworth’s £9 5/-, Sydney £5/15/-, Sugar £4l/7/6.

MINING COMPANIES.

STAFFORD RETURN.

The Stafford return for the period ended May 29 was 51oz. Bdwt. smelted gold, from 11,750 yards treated. The previous return was 490 z. from 9,199 yards.

BLACKWATER CREEK SLUICING

The Blackwater Creek Sluicing Company’s wash-up this week yielded 50ozs. of gold, from 38 shifts. During the past fortnight, the shifts have been cut down to five hours’ sluicing, due to a restriction placed on the use of power by the Grey Electric Power Board, which is brought about by the peak load at this period of the year, and the demand exceeding the supply.

WORKSOP DREDGE

The Worksop Extended Dredge last week secured a return of 71ozs. from 10,600 yards of material, treated in 132 hours.

KING SOLOMON RETURN

WELLINGTON, June 12. The King Solomon Mine this week secured a return of 370 z 17dwts.

MAORI GULLY RETURN

. The secretary reports that the return this week is 14 ozs. 3 dwts. for 134 hours. For the last fortnight the dredge has been working through ground that showed no results on boring.

BIG RIVER GOLD MINES

The following is the report for the week ending June 10:—Shaft Repairs: The main sets have been replaced up to a point 35 feet above No. 1 Intermediate Level. The centres have been placed in a position for 9 feet above the cap of the Intermediate Level Chamber. Repairs to the dam have been completed and the men’s services have been dispensed with.