COMMERCIAL

Greymouth Evening Star, 18 September 1940, Page 11

COMMERCIAL

ARAHURA FAT STOCK SALE. W. Jeffries and Co. report that a better yarding of fat cattle was forward at the sale held on Monday, ■ both in quality and numbers, and • with a good attendance of buyers, - prices were fully maintained. The t heavier bullocks perhaps did not sell > quite as readily as the lighter sorts, j but a good clearance at prices rang- ■ ing from 48- to 50/- per hundred was recorded. An exceptionally good > truck lot of 9 heifers sent in by Mrs 1 Diedrichs realised £l5/10/-. > Our entry comprised 49 heads and sold as follows: —On account Mrs W. ' F. Diedrichs, 3 blks. £l7/17/6, 6 blks. t £l7/12/6, 6blks. £l7/2/6, 9 .hfrs. ■ £l5/10/-, 2 hfrs. £l4/17/6, 2 hfrs. £l3/12/6, 2 hfrs. £l4/2/6. On account Mr H. N. Adamson, 2 blks. ■ £l6/7/6, 2 blks £l7/17/6, 3 blks. £l7/12/6, 2 blks £l7 2/6, 3 blks. £l6/17/6, 1 cow £l3/17/6, 1 cow £l3/2/6, 2 hfrs. £l2/2/6, 1 hfr. £ll/17/6, 1 small cow £B/7/6. On account Miss Cumming, 1 stag £l5. BANKS’ LOWER INTEREST. WELLINGTON, September 17. The Associated Banks announce that rates of interest payable on fixed deposits received or renewed on and after September 18 will be as follows:—Three months and under six months, t per cent.; six months and under 12 months, 1-| per cent.; 12 months and under 24 months, 21 pei’ cent.; 24 months, 2| per cent. The 12 and 24..months’ rates are unchanged, the reduction being in three and six months’ rates, shortterm money being unemployable by the banks at the present time. COMPULSORY LOAN. WELLINGTON, September 17. An announcement setting out the Government’s proposals concerning a compulsory war loan is expected shortly from the Minister for Finance. Mr Nash said that procedure and details had been practically completed, and preparations for printing the prospectus were in hand. IMPORT LICENSES. WELLINGTON, September 17. Details of import licenses for the fifth period are now being completed by the Minister for Customs (Mr Nash), who is endeavouring to arrange to have them published by the end of the present week. During the last few weeks, the Minister has been engaged with departmental officers in completing the schedule. STOCKS AND SHARES. WELLINGTON, September 18. Sales Reported: Four per cent. Stock, 1952, £lO6/12/6, 1958, £lO7 17/6; Bank of New Zealand £2/2/6; Carlton Brewery £3/3/6; Broken Hill £2/6/3; Mac Duffs Limited prei'drence 19/6 CHRISTCHURCH, September 18. Sales reported, all late yesterday: Government, 1954-58, stock £lO7 17/6, 1943-46 stock £lO3, Carlton Brewery 63/6. , SYDNEY, September 18. Bank of New South Wales £26, Australian Consolidated Industries 35/6, contributing, 16/9, Bradford Cotton 38/1-2-, British Tobacco 48/9, Broken Hill Proprietary 44/3. Drug Houses 26/-. MINING RETURNS. BARRYTOWN. ; During the first half of September the Barrytown dredge ran 211 hours, treated 78,000 cubic yards for a return of 246 ounces. KANIERI. During the first half of September the Kanieri dredge ran 204 hours, treated 93,000 cubic yards, for a return of 467 ounces. ARAHURA. During the first half of September the Arahura dredge ran 264 hours, treated 166,000 cubic yards for a return of 428 ounces. RIMU FLAT. Foi’ the clean-up period ending September 16, Rimu Flat dredge obtained 1340 z 13dwts of gold from 46,603 cubic yards of material, excavated in 130 hours 41 minutes total digging time.