COMMERCIAL

Greymouth Evening Star, 18 June 1936, Page 8

COMMERCIAL

ADDINGTON MARKET. [per pp.ess association.] CHRISTCHURCH, June 17. Smaller entries at to-day’s Addington Market resulted in a firm sale for all classes of stock. Store sheep: Only 1700 penned about half being ewes. Six and eighttcoths sold to 26/-, sound-moutheds to 22/3, and f.m. ewes to 19/3. A pen of ewe lambs made 25/6, and forward wethers 23/3. A very firm sale. Fat lambs: Very keen sale, with a slight appreciation on the export schedule, the freezing trade buying freely. Fat sheep: An entry of 4250. Very keen demand, light ewes being up by 1/- a head. Other sorts "firm at late rates. Best wethers made from 28/to 34/-, average 24/- to 27/-, best ewes 23/- to 28/-, average IS/- to 21/-. Fat cattle: A very small yarding of 320 head. An advance of 20/- a head. Primest steers £lO/10/- to £l3/17/6, good medium weights £B/10/- to £lO, best cows £S to £lO, average £6 to £7, best heifers to £lO/10/-, average £5/10/- to £7/10/-. Best beef made from 27/- to 30/-, good 25/- to 26/6. and medium 22/- to 24/-.

Fat pigs: A small entry of both porkers and baconers, ami slight advance in values. ' Choppers 25/- to £4/1/-, baconers 52/6 to £4, average price per lb s.]d to 5?.d. Porkers 26/6 to 42/6, average per lb s.]d to s“d.

BUTTER AND CHEESE. WELLINGTON, June 18. The New Zealand Dairy Board has fixed the minimum prices for f.o.b. and c.i.f. sales, on a basis of butter 135 d, cheese 65d. The minimum prices are subject to agents’ selling commission of 15 per cent. These prices are equivalent to butter 10S/1 and cheese 55/4 c.i.f.e. SYDNEY WOOL SALES. SYDNEY. June 17. At to-day’s wool sales. 6,847 bales were offered, of which 4,184 were sold and 2.42.3 were privately sold. The market was slightly weaker. Competition was irregular. All well-grown wools were taken by the • Continent and Yorkshire. GOLD AND EXCHANGE. LONDON, June 17. Gold 138/3. dollar 503 7-8, franc 76 7-16. STOCKS AND SHARES. CHRISTCHURCH, June 18. Sales: Comm. Bank of Aust. 19/3 (2); Goldsbrough Mort, (cum div.) 31/8 (4); Consolidated Brick (cum div.) 9/6; Dominion Builders Supplies 6/-; Hume Pipe (Aust.) 20/-, (2); Mount Lyell (cum. div.) 24/6; Mount Morgan 15/6 (odd lot). Reported: Govt. 4 per cent. Inscr. 193740 (late sale 17th j, £lO2/12/6; Govt. 4 per cent. Inscr. 1952-55. £104; QuillMorris 4 per cent. (2nd. Mortgage), 1946 (late sale 17th.), £80; Broken Hill (contr.) 48/9, 48/3; Alexander Mines <l5/- pant), (late sale 17th.) 14/4; New Zealand Newspapers 41/-. AUCKLAND, June 18.

Sales, morning call: Selfridge’s old 28/-, Gas 25/10, Goldsbrough 31/9, Perpetual Forests 60/-, South British 92/6, Stocks 37/40 £lO2/15/-, 43/46 £lO4/2/6, 46/49 £lO4. Sales, noon: Kauri 23/7, Selfridge’s new 27/3, Zinc Pref. 42/3, Broken Hill 70/-, Glass 91/-, Stock 43/46 £lO4 2/6.

DUNEDIN, June IS. Sales: Bank of New Zealand £2/2/9, Refrigerating (cont.) 9/6. ANTONIO’S SLUICING The Antonio’s Hydraulic Sluicing Company expects to start operations within a few days. This claim is in the vicinity of the Worksop Extended dredge. Owing to damage to the dam, repairs had to be effected, and these have now been completed. The heavy rain which fell early on Sunday morning should result in sufficient water being available to commence sluicing. NEMONA DREDGE. At a meeting of the directors of the Noniona Gold Dredging Coy, this morning, Mr. Herbert J. Buckland, of Mur-

chison. was appointed dredgemaster. It was reported that the dredge is now nearing completion, and arrangements are being made for it to be officially started on Monday afternoon next. Votes of sympathy were passed

to the relatives of the late William Woods and Ansley Moore, victims of the recent drowning accident at the dredge.

WESTPORT-STOCKTON COAL. CHRISTCHURCH, June 17. The Westport-Stockton Coal Company is paying off approximately onethird of its 61 per cent, first mortgage debentures. A statement to this effect was made this morning by the chairman of directors, Mr William Hardie. The last balance-sheet of the company for the year ended December 31. 1935, disclosed that secured debentures amounted to £.48,550, with accrued interest at £631, making a total of £49,181. Balance at bank on deposit and in current account, and cash in hand at that date, were shown at £28,493.

SHILLINGS, LIMITED. A scheme for the opening of 41 branch stores has been announced by Shillings, Ltd., and the first will be opened before the end of the year. The company, which will deal only with general drapery, will open its first shops at Dunedin and Wellington in October. Negotiations for securing a suitable site for a branch in Christchurch are being carried on, but it is unlikely that a store will be opened in the city before the end of this year. A key staff has been assembled in Wellington, where preparations are being made for (he opening of the Wellington and Dunedin branches. Mr G. M. Stratmore, formerly" manager of Wool worths in Christchurch, is a member of the staff.

BULLER NEWSPAPER COMPANY. A prospectus has been issued for a company named “Buller Progressive Newspapers Ltd” to take over the business of the “Westport Times and Star” which has been carried on at Westport for seventy years. The capital is £5,000 in £1 shares, of which £450 are.allotted to the vendor in part payment of the purchase price of £4,000 made up by land and buildings £845, machinery and material £2555. goodwill £2OO, membership Press Association £4OO. The

other estimated expenses are legal and preliminary £230, commission and brokerage £350, leaving a working capital of £1420, after arranging a'mortgage of £l,OOO. It is stated it is hoped the paper will attain a daily circulation of 1,500 or more. The estimated revenue is £5,000 and working costs £4.200. leaving a profit, of £BOO per annum. The policy of j

the paper will be to advance and advocate the interests of the Buller district, coupled with broad and progressive outlook on matters of national economy and development. The management proposes to give its support to the existing administration on the assumption that their present policy will continue.