COMMERCIAL

Greymouth Evening Star, 17 July 1942, Page 6

COMMERCIAL

WOOL PRICES

WELLINGTON, July 16

The New Zealand Farmers’ Union to-day decided to recommend the Wool Appraisement Committee to consider raising the price for fine wools. MINING RETURNS. BARRYTOWN. During the first half of July, the Barrytown dredge ran 189’ hours, treated 70.G0G cubic yards, for a return of 215 ounces. KANIERI. During the first half of July, the Ranieri dredge ran 239 hours, treated 100,000 cubic yards for a return of 486 ounces. ARAHURA. During the first half of July, the Arahura dredge ran 250 hours, treated 92,000 cubic yards, for a return of 709 ounces. MARTHA For the period ended June 27, 11,699 tons of ore were crushed for a result of 3756 fine ounces of gold and 24,248 fine ounces of silver. The crushing time was 18 days. AUSTRAL~FLZ. MINING

Return lor the 28 days ending at midnight on July 11: the dredge of Austral New Zealand Mining, Ltd., operated for 419 hours, treating 201,000 cubic yards, and producing 275 ounces of bullion

ADDISON’S FLAT COMPANY

Mr G. M. Powell presided at the

ninth annual meeting of shareholders of the Addison’s Flat Gold Mining Company, Ltd. The balance-sheet and accounts were adopted, and the interim dividend of 15 per cent, paid out during the last year was approved.

Two retiring directors, Messrs G. M. Powell and FL D. Hamilton, were

re-elected to the board, and Mr L. Gay was reappointed auditor. The chairman, in presenting the report and -balance-sheet, said that after paying shareholders 15 per cent. a substantial credit balance had been carried forward. Full-time operations were about to begin on a new area at the southern end of Gallagher’s Lead, but owing to the shortage of men it was impossible to work more than one shift continuously. The company’s greatest need at the moment was two suitable men, as the labour position made it increasingly difficult to carry on operations, the chair- j man concluded.

STOCKS AND SHARES. CHRISTCHURCH, July 17. Sales: Westport Coal 24/9; Kaiapoi Wool ord. 20/-; War Loan 2 a per cent, 1946, £9B/5/-. Reported: Kaiapoi Wool ord. late yesterday 20/2 (2).