COMMERCIAL

Greymouth Evening Star, 8 December 1939, Page 12

COMMERCIAL

NEW WAR RISK RATES. IBY CABLE —I’KESB aSSN. —COPYBIGHT. J LONDON, December 5. New war risk rates have been announced. Under the Allied flag they are 50Zper cent., and under a neutral flag 35/-. The rates concern voyages between North and South America, and Australia and New Zealand. WOOL APPRAISEMENT WELLINGTON, December 7. A report on the first appraisement of wool held in Wellington, which was completed on December 6, states that the majority of the wools, particularly from the Wa.irarapa district, did not open up as attractively as they did last season, being in lighter condition and showing more tenderness, due no doubt to the dry Autumn experienced. As expected, finer‘crossbreds showed a decided increase in price, as compared with the previous season, while the stronger grades have not shown the same, proportionate increase, but it is hoped, generally speaking, that the realisations will prove to be satisfactory to The growers. The next appraisement will be held early in January., . RABBITSKIN SALE. The last Dunedin rabbitskin sale for 1939 was held on Tuesday, when a good catalogue, consisting mainly of Summers, Springs, and milkys with small parcels of outgoing and spotted, was submitted. ' Although it is now rather late in the season for exporters to operate, good competition was forthcoming, and there was a total clearance at values slightly easier than previous quotations.

On the prices secured Summer trapping should be a payable proposition.

The official range of prices is as follows:—Small ll£d to 18d, runners 15|d to 18d, racks 26|d to 28£d, Summers 26d to 30d, Summer broken 24d to 25d, Winter broken 32Jd to 34d ; blacks 22d to fawns 18d to 28d, outgoing bucks 52|d to 56d, outgoing does to 38d, Spring bucks 37§d to 41ad, Spring does 32d to 34d, Winter bucks 66d to 70d, Winter does 40d to 46d, milky 29d to 31d, first milky 34d to 40d, hareskins 16d to 22d, horsehair 23d to 24|d, first ferrets 3/6 to 6/11, first Winter bucks to 80d, first Winter does to 44d. Opossum Skins: After the rabbitskin sale more than 500 opossum skins were offered, mainly darks seconds, and thirds, and a satisfactory clearance was made. HARIHARI CATTLE SALE Messrs. W. Jeffries and Co. report an entry of 130 head of mixed cattle at their yards on Thursday, but, taken as a whole, the quality was mixed. The yarding for the most part comprised cows, the better class of which met with a good sale. There was a good attendance of buyers and approximately 100 head were sold at auction. Individual sales were: For T. Cron: 10 cows £5/10/- to £7/15/-. G. L. Diedrichs: 1 cow £6/12/6. Mrs. A. Sutherland: 3 heifers £4/10/- to £5 15/-; For P. J. McLean: 1 blk. £ll' 2/6, 1 blk £B/12/6, 6 2-year steers £6 15/-, 5 cows at £5/17/6, 1 cow £7/7/6, 2 heifers £5. For W. J. Muir: 9 cows £4/15/- to £5/17/6. H. Reynolds: 11 steers at £5/10/-. For E. Herlihy: 9 cows £5 to £7/10/- . For J. H. Robertson: 1 steer £9/2/6, 5 cows £6/2/6, 2 heifers £5, 1 runner £3/15/-. For J. McKay: 3 steers £5/7/6. For T. S. Ferguson: 4 heifers at £5. For C. Black: 4 cows £3/5/- to £3/15/-. For R. J. Ferguson: 1 cow £B, 2 runners at £3. For F. Woodham: 2 yearling steers £3/5/-, 2 cows £3. STOCKS AND SHARES. WELLINGTON, December 8. Sales reported: Auckland Gas 17/-, Standard Insurance 58/-, New-Zealand Insurance 60/-, Bonds Hosiery Mills 22/-, Broken Hill 87/6 (2), Woolworth’s Ltd. 24/9, Mac Duffs Ltd. ord. 3/8, Woolworth’s Properties Ltd. 25/3, Mount Lyell 31/3. CHRISTCHURCH, December 8. Sales: Zinc ord. 63/8, Austral New Zealand 28/-, Ngahere (deferred) 20/-. Reported: Zinc ord 63/6 (2), Mount Morgan 9/11, GEAR MEAT. WELLINGTON, December 7. The Gear Meat Company has advised the Stock Exchange Association that the directors to-day decided to recommend that a dividend of 7d a share be declared payable on December IS. NATIONAL ELECTRIC. WELLINGTON, December 6. The National Electric Company has advised the Stock Exchange Association that the dividend recommended for the year is 6 per cent., payable on December 15. WILTON COLLIERIES. AUCKLAND, December 6. Profit of Wilton Collieries (1934) Ltd., for the year ended October 31 was £4471, against £3843 in the previous year. A final dividend of 3 per cent, is recommended, making.G per cent, for the year (unchanged).. RESERVE BANK RETURN. A decline of £662,911 is shown this week in the Reserve Bank’s sterling holding, bringing the figure back to £5,961,673. Advances for marketing are £70.692 lower, but those for other State purposes are higher by £615,000 al £17,290,000. Investments show an increase of £138,354. On’ the liabilities side, the note issue has expanded by £75,663, and demand liabilities are lower, a rise of £441,470 in those of the State being I more than offset by a fall of £620,741 I in those of the banks, and of £90,566 i in others. I The proportion of reserve to notes and other demand liabilities is lower at 26.634 per cent. I I MINING. I MOSSY. . The Mossy Creek dredge return was 390 z ISdwt from 6,109 yards, dredged in 130 hours. GOLDEN SANDS. The Golden Sands return is 50 ozs. for 69 shifts.

ADDISON’S FLAT. WESTPORT, December 7. At a meeting of the directors of tho Addisons Flat Gold Mining Company this evening, a dividend of 20 per cent., payable on December 18, was declared. “Considering the operations in the present paddock commenced two months ago,” stated the chairman, Mr G. M. Powell, “the dividend augurs well for the future of the company, as there is continuous work ahead without again shifting the plant for three years. The company has been in existence five years, and the above dividend brings the total up to 93 per cent., or an average of 18 per cent, per vear.” The return for the fortnight ended December 2 was 36ozs 15dwts for 21J shifts. BLACKWATER MINES. Development work carried’ out. at the Blackwater mines during November was as follows: —No. 12 Level north drive advanced 25 feet on reef averaging 12dwts in value and 32 inches in width. No. 13 Level south drive advanced eight feet on reef averaging lldwts in value and 21 inches in width. No. 13 north branch drive west, advanced’ 56 feet and encountered and exposed reef for 11 feet north of Prohibition fault, averaging 12dwts value and 32 inches wide. No. 14 Level south drive advanced 39 feet on reef averaging 14dwts in value and 26 inches in width. No. 10 Level winze at 2830 N. advanced 16 feet on reef averaging 12<Twts in value and 15 inches in width. No. 11 Level winze at 3015 N. advanced 14 feet on reef averaging 21dwts in value and 14 inches in width. No. 12 Level rise at 3015 N. This rise was started and advanced 22 feet on reef averaging 7dwts in value and 40 inches in width.