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KAURI GUM. j . PRODUCTION IX OCTOBER. ! (Special to “Northern Advocate.’’) AUCKLAND, This Day. According to Auckland brokers. Cue amount of kauri gum received into store last month was 192 tons, a decrease of 1G tons compared with the preceding month. The figure, which is the lowest October total since 1918, shows a decrease, of 126 tons compared j with the tonnage for the corresponding month last year. The gnm was of the usual quality, there being a large proportion of chips. Market conditions remain dull. Importers of natural gums in the United States are carrying on: extensive research work to try to counteract the inroads upon the natural gums' trade which is being made by synthetic gum merchants. The following table shows the amounts of gnm received in the first ten months of the last throe years:
PUKEKOHE POTATOES. PRICE HARDENS. (Special to “Northern Advocate."; PUKEKOIIE, Tl.is Day. Owing to wet. weather preventing digging operations and an increase in the number of orders for new potatoes, the prices have hardened. Yesterday’s quotations were £lO to £lO 15/- a ton, f.0.r., Pukekohe, as against £9 10/- to £lO 5/* at the beginning of last week'.
SALE OF PROPERTIES. A VALUABLE BLOCK. (Per Press Association.—Copyright.) DUNEDIN, This Day. ■The sale by anetion took plaee yesterday afternoon of valuable freehold properties in Dunedin owned by the estate of the late Helen Jane Muir, of England. A freehold block at the corner of Rattray and Princes Streets, comprising buildings, occupied by Sagar and Co., Moody and Co,, Ascot Drapery and Wood’s confectionery and cake shop was the first property offered and was sold to Mr. B, Throp, of Dunbdin, for £47,000. Three freehold sites fronting Rattray Street were, then offered. A property occupied' by O. .1. Barton was sold for £7900 to Air, Throp; shops occupied by Duncan and Todd were sold at £O4OO to Mi-. Ci. J. Barton; shops occupied by Lamb and Shaw were sold at £4OOO, the purchaser being Mr, Barton. This quarteracre in the centre of the city realised £65,.‘100. A freehold block at the corner of t’arroll ami Princes Streets was sold for £6SOO, the purchaser being Mr. S. C. Sutherland.
SEARCH POR OIL. DRILLING SUSPENDED, (Per Press Association.—Copyright.) GISBORNE, This Day. Taranaki Oilfields report:—“ The management regrets to report that continned difficulty has been met with in keeping Waitangi No. 2 well open between 1976 feet and the lowest point reached, namely, 2172 ' feet. The drilling superintendent and the field staff are now firmly of opinion that there is no reasonable prospect of parrying this well to the desired objective, namely, a depth of approximately 4000 feet. / It has ‘ therefore been decided to suspend drilling operations ponding a review of the situation by the directors and staff. “An announcement will shortly he made as to the company's future programme, and in the meantime the properties are being placed on a caretaking basis.’’
VICTORIA NYANZA SUGAR. OCTOBER PRODUCTION. (Per Press Association.-—Copyright.) WELLINGTON, This Day, Cabled advice from the plantations of the Victoria. Nyanza Sugar Co., Ltd., states that the manufacture of sugar to October 24 amounts to 79“* tons. MINING NEWS. VARIOUS REPORTS. (Per Press Association.—Copyright.) DUNEDIN, This Day. The Okarito (South Westland,i return for 124 hours was (19 ounces. NORTH BROKEN HILL. (Per Press Association.—Copyright.) WELLINGTON, This Day. According to cabled advice from Melbourne, the directors of North Broken Hill, Ltd., have declared a dividend of 2/- a share, pat’able at Melbourne on December 14. The amount of 1/- a share will be paid out. of the profits earned during the year ended Juno GO, 19.'H, and 1/- m share will bo paid in respect of the profit for the current year.
MOANATATART. The manager of Moauataiari (Thames) reports: “ During the week in the New Cambria section additional men were pwt on and work was started in three different places. The winze was sunk a further two feet in country' rock. To prepare for timber we go down another five feet and open out on the reef. A rise was started on No. 1 reef north and was advanced six feet. The reef is wider than the rise and looks promising. Wc started driving on No. .1 reef south, and advanced four feet. The country is improving in the face, and a few colours of gold were seen in the reef.” FOREIGN EXCHANGES. Foreign exchanges on London on October 31. compared with rates pro vinusly cjuoted;— Oct. 31. Oc,t. 30. Montreal, dol. to £ -1.2”) ■ 4.30 New York, dol. to £ 3.83 3.011 Paris, fr. to £ .... 07.373 08.125 Berlin, r.m. to £., 10.25 10.375 Calcutta, pence to rupee 18 1-10 . 18.1-32 Shanghai, sterling to taels 10.75 10.375 Hongkong, sterling to dol 15 14,75 All quotations are for cable trans.fers.
J 020 1 020 1021 tons tons tons Jamiarv . . 200 ;:7i US February . Ii7: r > 412 281 Marph .... 240 no*! 2SG April .... ;:;io 441 ;:iio M:i v 42(5 274 :*.04 Jnm 1 2 s5 217 2d;: July :uo 1! Of) 244 August ... ;;i 7 104 251 September po*» 214 2ns Oftobor 524 ‘»°.S 102 Totals .‘14;').°. 25S6
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Northern Advocate, 3 November 1931, Page 10
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846COMMERCIAL Northern Advocate, 3 November 1931, Page 10
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