COMMERCIAL

Greymouth Evening Star, 20 February 1940, Page 5

COMMERCIAL

■ - ■ : SHOW SALE OF RAMS. • The National Mortgage Company report having held a auction sale at the 'Greymoutli Show on Saturday, as well as by private treatyon liehalf of : the following — Sout'hdoWnsl On account of- John Brown, Totara Flat, six one-shear Flock Southdowns; at prices from 7gris, Bgns, up to -lOigns? for an',attractive sheep. On account' of L. D. Adams, Sheffield, one Flock Southdown, B£gns; one do., Bgns; one do., one three-shear Flock Romney Sign’s, brie bne-^hear-jdo?’signs’..' By private sale: Ou account of 'Alan Grant,' Waiinate, one stpd Spiithd'own rqm 15gns, eight one-shear selected. Flock Romneys lOgns, one one-shear Romney Sgns. On account of Oakleigh Estate, Leestpn, six selected ‘brie-shear Flock Southdowns 7 to Bgns. . '' Dalgety and Co., Ltd., report on the Ram Fair held at the Greyinpiith Show Grounds on Saturday. Trio bulk of the yarding of approximately 60 shefep came from Canterbury, breeders, and these were in every way up to the usual standard represented at the Show. Although the attendance of buyers was smaller than usual, a complete clearance was effected, and the following is a list of our principal sales: —

Romneys; On account of L. D. Adams: 2 1-shear lOgns, 1 2-shear i-OJgns, 3 1-shear 61gns, 1 1-shear 6gns, 2 1-shear 4Jgns. Southdowns: On account of L. D. Adams: 3,1-shear 7Jgns, 1 2-shear £7, 2 1-shear Signs, 1 1-shear Bgns, 1 1shear sgns, 1 1-shear 4|gns, 1 1-shear 4sgns. On account of W. J. Jenkins: 1 1-shear llgns, 1 1-shear 9|gns, 1 1shear lOgns, 1 9tgns, 2 1-shear B|gns, 3 1-shear 7gns, 3 1-shear 61gns, 1 1shear 51gns, 3 1-shear Bgns. On account of A. W. Adams, Sheffield: 1 1shear 102gns, 1 1-shear 9gns, 1 1-shear 73gns, 2 1-shear 7gns, 3 1-shear sgns.

BRITISH COMMODITIES. LONDON, February 18. Recent experiments in the introduction of merino wools into service cloth have attracted much interest. The experiments, which concern the blending of merino and crossbred, are understood to have been fairly successful and production in bulk is now being tried. One reason for the experiments is to economise in crossbreds and another may come from the desire on the part of the Wool Control to release more crossbred for export. It, is possible that the experiments will result in much more wool being available for the Home trade. Trade circles continue to forecast higher British iron and steel prices operating from April 1. The official control has raised the price of pig iron by 3/- a ton and semi-finished heavy steel products by 20/- a ton. Export quotations for galvanised and black-steel sheets are also being substantially advanced. Linseed oil prices have recently fluctuated, indicating that the remarkable increases in building activity in the United States and the decline in supples of other dryng oils will mean heavier demands during 1940.

PUBLIC TRUST OFFICE. Estates of a value of £527,424 were reported and accepted for administration by the Public Trustee during the month of January, 1940. 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 ten months ended January 7 31 was £4,919,316. Grants of administration made by the Court in favour of the Public Trustee numbered 109 for the month. During the month 675 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe custody, and 336 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 96,684.

STOCKS AND SHARES. WELLINGTON, February 20. Sale reported: Taranaki Oil Developments 3/1. CHRISTCHURCH, February 20. Sales: Broken Hill Proprietary 52/6, Taranaki Oil 7/- (2), Woolworth’s (Sydney) 25/.-. Reported: Mount Morgan, late yesterday, 10/11 (2). MINING RETURNS. OKARITO. . Th Okarito dredge return is lOoz. 16dwt. for 114 hours. GILLESPIE’S BEACH. The Gillespie’s Beach wash-up is 320 z. 4dwt. for 132 hdrirs from 15,600 yards. CLUTHA RIVER. The Clutha. River wash-up is 50oz. for 126 hours. WELLINGTON ALLUVIALS. WELLIN&TON, February 20. Wellington Alluvials (Melbourne) reports, for the four weeks ended' March 3: —The dredge worked 497 hours, handling 238,000 yards of material, and recovered bullion estimated to contain 748 ounces of fine gold.