COMMERCIAL

Greymouth Evening Star, 20 January 1939, Page 8

COMMERCIAL

BUTTER AND CHEESE [by CABLE PRESS ASSN. COPYRIGHT.] (Recd. .Jan. 20. 1 p.m.). LONDON. .January 19. Bailor; slow. Now Zealand clioicosi sailed 125/- and 126/-. Unsailed. none offering’. Australian sailed 122/-. unsalted 124/-. Cheese, quiet: Now Zealand while coloured 69/6 and 70/-. Australian white 64/- to 65/-. coloured 65/6 and 66/-. LONDON WOOL SALES. (Received January 20, 1 p.m.) LONDON. January 19. At the wool sales, 9522 wales were offered, including 4727 New Zealand; 8022 were sold. There was a moderate selection. The demand was active, the Home trade bidding freely for New, Zealand crossbreds, which were well cleared. Withdrawals were frequent among the inferior offerings, owing to firm limits. Rates generally were, well maintained. New Zealand greasy crossbred J.D.W./Ngatapa. 9i[d and lObd. WANGANUI CHEQUE. ( WANGANUI, January 20. About. £350,000 will be distributed among Wanganui wool growers as a result; of yesterday’s sale. The first shipment of wool sold yesterday was made to Wellington to-day, and 1 comprised a small lot bought by Japanese buyers. It will be transhipped to the Awatea, for Sydney.

STUD STOCK.

WELLINGTON, January 20

To improve the standard of Hocks in New South Wales 400 stud Southdown ewes and lambs were shipped in the Wanganella, last evening, for Sydney. The sheep were from the Carrington stud of W. Howard' Booth, Carterton. and were the main portion of the entire flock, 457 being sold to AV. J. McSweeney, the. Rivers Station, New South Wales. The remainder will be shipped by the Awatea next week’.

Their departure brings to a close the history of a stud flock held in high repute among Southdown breeders of the Dominion for its high quality. It was founded 30 years ago by the purchase of a hundred ewes and a ram, and was one of the oldest Southdown flocks in New Zealand.

STOCKS AND SHARES.

WELLINGTON, January 20

Sales, noon call: Four per cent. Stock 1946 £99. Bank of New South Wales £3l. Morning call: Broken Hill £2/17/6. Overseas listings: Woolworths Holdings South Africa 15/2. Sales reported: New Zealand Refrigerating (£1) 17/- (two sales), New Zealand Breweries £2/0/4, Wilson’s Cement 15/10, Woolworths New Zealand ord. 18/6. CHRISTCHURCH, January 20.

Sales: Four per cent Inscribed 1916 £9B/12/6, 4 pei' cent. Inscribed 1949 £9B/10/-, E. S. and A. Bank (2) £5/6/-, Bank of New Zealand 39/9, New Zealand Refrigerating (£1) 17/1, Auckland Gas 19/3, New Zealand Breweries 40/9, Broken Hill Prop. 57/3, Dunlop Rubber 21/2, Mount Morgan 10/6, Grey River 18/9, Waihi Grand Junction 3/3. Reported: 100 New Zealand Refrigerating (£1) 17/1, 500 Hays Ltd (cont) 16/-.

DUNEDIN, January 20

Sales: Nokomai 1/9 (2), National Insurance 15/6. Reported: Standard Insurance 51/6, Goldsbrough Mort 28/6, New Broken Hill Consolidated 15/10, 4J per cent. Dunedin Drainage debentures, 1947/50, £lOl/10/-. GREY RIVER. The Grey River dredge return for the period ended January 17 is 164 ounces from 83,885 yards in 127 hours. MOSSY CREEK. The Mossy Creek return is 31oz 11 dwt for 8689 yards and 131 hours. NEMONA DREDGE. The Nemona dredge return for this week is 27 ounces, from 12.000 yards, treated in 114 hours. COLES DIVIDEND.

WELLINGTON. January 20

The Stock Exchange Association has received the following advice: G. J. Coles have declared an interim dividend on ordinary shares for the half year ended December 31, of 15 per cent. RESERVE BANK. The Reserve Bank’s sterling exchange holding has risen by £439,254 to £4,373,105 in New Zealand currency. The proportion of reserve to notes and other demand liabilities has risen from 25.526 to 26.782. The note issue shows a shrinkage of £297,160, State deposits have risen by £180,555, and those of the banks by £631,496. Advances to the Primary Products Marketing Department are down by £139,795, but those for other purposes have risen by £140,000 to £10,970,000. PUBLIC TRUST OFFICE. Statement, for December.—Estates of a. value of £383.656 were reported and accepted for administration by the Public Trustee during the month c.f December. 1935. The total value of the estates and funds under administration by the Public Trustee on March 31, 1938, was £60,815,306, and the new business for the nine months ended December 31. 1938, was £!,- 751, 319. Grants of administration made by the Court in favour of the Public Trustee numbered 177 for the month.

During the month 418 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe custody, a.nd 347 existing wills were revised to provide for changes desired by testators. The total number of wills now held in the Public Trust Office on behalf of living persons is 92,300.