COMMERCIAL

Greymouth Evening Star, 19 July 1939, Page 8

COMMERCIAL

GOLD AND EXCHANGE

[by CABLE —PBEBS ASSN. —COPYBIGHT.]

LONDON, July 18. Gold 148/5?:, dollar 468 3-8, franc 1763.

BUTTER QUOTATIONS.

LONDON, July 18.

Butter slow. Choicest salted and unsalted Now Zealand 125/-, Australian 116/-

LONDON WOOL SALES

LONDON, July IS

At the wool hales, 8,037 bales were offered, including 3,232 New Zealand, 6,578 being sold. An average selection met with a spirited demand, especially for greasy crossbreds and greasy merinos. Rate§ were generally well maintained. Slipes were frequently withdrawn- owing to unsuitable lengths. New Zealand greasy crossbred, Tarndale, 9d to 112 d. Slipe crossbred combing lambs, GRC, 14&d.

RABBITSKIN SALE

DUNEDIN, July 18

The Dunedin Stock and Station Agents’ Association reports that a large catalogue of approximately 75 tons was submitted at to-day’s rabbitskin sale. Although competition was keen throughout the auction, exporters’ limits were lower and bucks especially were weaker. At the previous sale buyers .were anxious to fill orders and values for bucks appreciated considerably. Owing to the import restrictions, New Zealand furriers were the most active at the sale to-day. Compaied with the previous sale’s quotations, bucks were on an average 3d to 6d lower, while does were irregular. Hatters grades were firm, while Autumns of all description were a ■shade easier.

GRAIN AND PRODUCE

CHRISTCHURCH, July 18,

The President of the North Canterbuiy Grain, Seed, and Produce Merchants’ Association supplies the following quotations, prices named being to farmers on trucks at country sidings, unless otherwise indicated: — Wheat—Milling, f.0.b., Tuscan 5/10; Hunters 6/-; Pearl 6/2. (Final payment of 3d' a bushel oh all wheat at the end of year.) Oat— A Gartons 2/7 to 2/8, B Gartons 2/4, Algerians 3/- to 3/6, Duns 3/6 to 4/6.

Ryegrass (good germination)—Perennial iip to 5/6 (nominal), Italian up to 4/- to 4/6 (nominal). , ’ Cocksfoot—6d to 7d (nominal). ,White Clover —1/- to 1/3 per lb. Red Clover —Old season’ 4d t 6 6d per lb; new season’s 7d.

Potatoes —£14 for prompt, £l5 for August.

| Onions—£l6. Chaff—£4/10/- a ton. Barley—Malting 4/7X, feed 3/- to 3/6 a bushel, according to quality. Bran—Large £4/15/-, small £5 5/-. Pollard—Large £6/5/- a ton, small £ 6/15/-. STOCKS AND SHARES. WELLINGTON, July' 19. Sales reported. Woolworth’s Ltd. (N.Z.) ord. 17/6, Wilson’s Cement 17/-. Sales; G. J. Coles, rights 52/6, Woolworth’s Properties rights 1/9 (2), 3J- per cent, stock 15/9/39/43 £99 5/-. CHRISTCHURCH, July 19. Sales: Christchurch Gas 25/6, N.Z. Breweries 37/3, Broken Hill South 28/9, Mount Lyell 28/8, 28/9, Mount Morgan 10/7, 10/6, Austral' N.Z. 24/-. Reported: Govt. 31 per cent. Stock 1939-43 £99/5/-, Broken Hill Pty. (Conti’.) 63/-. RIMU. The Rimu Flat dredge return this week is 190 oz. ISdwts from 41,190 yards for 124 hours. ALEXANDER MINES. Report foi* tile week ended July 13 is as follows:—No. 6 level: Stoping has been continued on the north end of the quartz above this level. The position of the reef shows considerable faulting. Reef continues to lay fairly ’flat. No. 5 intermediate: A crosscut was driven into the eastern wall 19 feet to connect with the rise from No. 6 level. The country was fairly wet and broken. No. 15 intermediate drive north: This drive advanced 16 feet, making a total of 256 feet north of winze. The advance was made on reef track carrying a fair amount of water, with a few quartz leaders. Stoping has been in operation north and south of winze. The average width of all faces worked was 4ft 9in. During the period, 120 tons were transported to the battery.