COMMERCIAL

Greymouth Evening Star, 10 August 1936, Page 8

COMMERCIAL

BUTTER PRICES REDUCED

fPEK PRESS ASSOCIATION.]

CHRISTCHURCH, August 10

A reduction of 2d per lb has been made in all butter sold in Christchurch. This has been done to bring local- prices more into conformity with the Government’s guaranteed price. A reduction has already been made in Auckland, and it will take effect today in Wellington and throughout Otago. Factories have taken this step pending information from the Government about its intentions as to controlling local prices. It is explained that if factories which sell only on the local market were to hold to a price much above the guaranteed rate they would have an advantage over those factories which export. If the Government has no plans about controlling local prices, it is possible that the price will be further reduced. First-grade butter will uoav retail at 1/3 in Christchurch and second-grade at 1/21.

STOCKS AND SHARES

CHRISTCHURCH. August 10

Sales: Broken Hill Propty. 73/-; G. J. Coles 80/-; Mount Lyell 29/7, 29/8.

DUNEDIN, August 10

Sales reported: Refrigerating (Con.) 9/9. Late Saturday: Colonial Sugar £42/17/6, £43; Gillespies 1/2?. (late Saturday). AUCKLAND, August 10.

Sales: Renown 13/-. Mt. Morgan 14/-, 14/1, Martha 17/10, Farmers’ Trading 18/11, Mt. Lyell 29/6, Bank of New Zealand 40/-, Coles 99/8, Woolworth £5/7/-, Sydney £5/15/6, WesU alia £5/16/6, Trotting 61 £lOl. WELLINGTON. August 10.

Sales: Broken Hill Pty., 73/4. Hume Pipe 20/9, Guarantee Corporation 5/8, N.Z. Refrigerating (10/- paid) 9/8.

GILLESPIE’S BEACH

DUNEDIN, August 8-

The Gillespie’s return is 130 oz for 128 hours, from the lagoon side of the cut.

MOSSY CREEK DREDGE.

The Mossy Creek dredge last week secured a return of 460/s lldwtn of gold from 10,679 yards of material in 132 hours’ dredging. OKARITO AND WAIPAPA. DUNEDIN, August 10. Returns: Okarito 15oz 15dwt for 126 hours. Waipapa Beach: 22ozs 18dwts.