COMMERCIAL

Greymouth Evening Star, 19 September 1939, Page 12

COMMERCIAL

GOLD AND EXCHANGE. [UY CABLE—PRESS ASSN. —COPYRIGHT.] LONDON, September 18. Gold 168/- dollar 403, franc 1761. TIN QUOTA. LONDON, September 18. The tin quota for the third quarter has been fixed at 100 per cent, on standard tonnages. BRADFORD TOPS. LONDON, September 18. Bradford tops are at a standstill. Makers are not accepting the maximum prices, but there is a large output in old contracts. BRITISH TREASURY BILLS. RUGBY, September 17. A feature of yesterday’s .tender, when £55,000,000 of Treasury bills were offered, was a sharp rise to £89,160,000 in the. amount applied for, compared with £60,160,000 a week ago. The total offered was fully allotted in bills at three months at an average rate per cent of 71/1.12, compared with 72/0.98 last week. The rate for sterling on New York was again fixed at 4.04 dollars.

CANADIAN POTATOES ARRIVAL IN NEW ZEALAND. AUCKLAND, September 18. • The first shipment of potatoes from Canada in the memory of grain and produce merchants in Auckland has arrived and distribution will be made as soon as possible. The consignment of 21,000 bags and crates is one of the largest ever imported into New Zealand. Two thirds of the shipment will remain in Auckland and the remainder will be forwarded to Wellington, some being railed to-day. When offered at the city markets to-day, the Canadian potatoes realised 19/- per crate. About 50 tons, or half of the previous shipment of Californian potatoes, which was over-carried to Australia, also have arrived and these additional supplies will be welcome in view of the short crops in New Zealand. The shipment from Canada was imported by individual merchants, but some difficulty was found in obtaining overseas funds and some premium had to be paid.

PUBLIC TRUST OFFICE. Estates of a value of £648,584 were reported and accepted for administration by the Public Trustee during the month of August, 1939. The total value of the estates and funds under administration by the Public Trustee on March 31, 1939, was £61,715,713, and the new business for the five months ended August 31 was £2,468,807. Grants of administration made by the Court in favour of the Public Trustee numbered 221 for the month. During the month 542 new wills appointing the Public Trustee executor were prepared for testators and lodged for safe custody, and 394 existing wills‘were revised to provide for changes desired by testators. The total -number of wills now held in the Public Trust Office for living persons is 94,538.

STOCKS AND SHARES. CHRISTCHURCH, September 19. Sales: Booth Macdonald (pref.) 1/10 (2), British Tobacco 45/3 (3), Electro Zinc (pref.) 55/3. ' WELLINGTON, September 19. Sales: Electrolytic Zinc pref. £2 16/-, £2/15/-. MINING. BARRYTOWN. During the first half of September, the Barrytown dredge ran 181 hours, and treated 81,000 cubic yards, for a return of 323 ounces of smelted gold. KANIERI. During the first half of September, the Kanieri dredge ran 219 hours, and treated 109,000 cubic yards, for a return of 402 ounces of smelted gold. ARAHURA.

During the first half of September, the Arahura dredge ran 254 hours, and treated 169,000 cubic yards, for a return of 569 ounces of smelted gold. MATAKI.

The Mataki return for the week ended September 15 was 30 ounces for 134 hours’ work and 11,800 yards. OKARITO. The Okarito wash-up for 125 i hours’ dredging totalled 230 z Bdwt. PADDY’S POINT. Paddy’s Point return for 22 days’ sluicing was 30oz 16dwt. NOKOMAI. The secretary of the Nokomai Gold Minin- Ltd., reports a further wash-up of the present paddock, which yielded a return of 4140 z Sdwt. This, with the return of 4200 f 6dwt previously reported, makes a total return of 8340 z 14dwt from the paddock. A further small return from the lower boxes has still to come to hand.