COMMERCIAL

Northern Advocate, 29 October 1932, Page 16

COMMERCIAL

WAIHI OPERATIONS. FOUR-WEEKLY RETURN. (Special to "Northern Advocate.’’) WAIHI, This Day. The following information has been cabled to the London office of the Waihi Goldmining Co., Ltd. For the four-weekly period ended October 15, 10,-158 tons of ore were crushed for a result of 5,459 line ounces of gold and 2K,592 fine ounces of silver. This includes 2,007 tons mined from the Grand Junction area, which yielded 9U! ounces of gold and 6,965 ounces of S’.lver. All mining and milling operations were suspended for the first three days of the period. No. 3 Level. —“Martha lode; Driving west the next 28 feet assayed 15/- a ton.

Junction, No. 0 Level. —Martha lode; (Driving west has been commenced at 41 feet up the Slevin rise, and the first twelve feet assays 52/fi a. ton. No. 11 Level—Reef at 24 feet in crosscut; at 55 feet east of Bath Crosscut we have driven to the west on this IS feet, the assay value being--59/J per ton; the drive has holed to former workings. Eastward we have driven 24 feet, the assay value over this length being 60/3 per ton. The width of the reef varies from four feet to a width greater than the drive. No. 11 Level, 38 feet sub-level. —Empire lode, north section: Sinking winze, the next 20 feet assays 20/6 a ton. No. 12 Level. —Martha lode: Driving west the next 16 feet assays 32/3 a ton, and the next 27 feet, 13/3 a ton. Have holed through to former workings. KING SOLOMON DEEP LEAD. (Per Press Association. —Copyright.) INVERCARGILL, This Day. King Solomon Deep Lead Mine (Gore) reports a wash-up of 71 ounces 10 pennyweights for five days ’ work. Golden Dawn Yield. Golden Dawn Mines, Ltd., report that for the twelve -working days ended October 22 a total of 422 tons of ore -was treated for a return of £77S, based on gold valued at £4 an ounce.

BONDS AND SHARES, AUSTRALIAN TRANSACTIONS,

SYDNEY, October 28

On the Sydney Stock Exchange today there was a much better tone for bonds, owing to the announcement that the coming Federal loan is not to exceed £8,000,000, and to the fact that probably the effective rate of interest will be under 4 per cent. The improvement extended to the rest of the market.

Morning soles wore:—Commonwealth -I )).e. bonds, .10.18, £lOl 10/9; 1941, £l9l 17/f>; 1944, £IOO 10/-; 1947, £IOO

«/•*?; 195(1, £IOO 17/8; 1903, £lOl 2/0; 1900, £lOl 7/0; 1959, £IOO 5/-; 3901, £IOO 10/-. Bank of N.S.W., £32 15/-; •Tooth’s Brewery, 35/9; Australian > Glass, 40/0; Broken Hill Pty., 20/9; | Henry Jones, 37/3; Wilcox and Moffin, fO/3; Winchcombe Carson, 24/-, Closing- sales -were.—Bank of N.S.W., £32 13/-; Commercial Bank of Sydney, £l7 2/0; Huddart-Parkcr, 32/-; Howard Smith, .10/3; Pairymede Sugar, 20/0; Dunlop Perdreau, 17/9; British Tobacco, 30/-; Winchcombe Carson, 24/-; Tooth’s Brewery, 30/-; ditto, IST.Z, delivery, 30/-; 'Commonwealth 4 p.c. bonds, 1938, £lOl 17/0; 1941, £lO2 5/-; 1947, £IOO 17/0; 1950, £IOO 7/6; 1953, £lOl 15/-; 1955, £lOl 17/0; 1957, £lO2 5/-; 1959, £IOO 15/-; 1901, £lOl 5/-. Melbourne sales were:—National Bank, £5 paid, £0 10/-; Metropolitan Gas, £ll 9/-; British Tobacco, preference, 20/0; Electro Zinc, preference, 23/-; Herald and Weekly Times, 55/9; My or Emporium, 20/9.

AROUND THE MARTS. PLENTY OF STRAWBERRIES. BANANAS CHEAPER. I (Special to “Northern Advocate.”) j AUCKLAND, This Day. Large supplies of strawberries are row being sent in, and prices as a result eased a little. More good ripe bananas are available, with the result that prices receded. Better demand exists for hothouse tomatoes, but prices still rule low, as quantities of Island grown are offering. Oranges met with steady demand, but lemons and poormans are still dull of sale, bail enquiry exists for both apples and pears. Quotations are:—

Strawberries:—Captain Cook, extra j'-lioico, 1/!) to 2/(5 per chip; others, I/O j lf> V*; -Margneril e, 9d to 1/4. Tom.iI foes; hotlion.se, 7d to 1/- pcr lb; Island, ! 7/,i <a 9/- ease. P.ananas: ropaeks, I'ipe, extra choice, 20/- to 22/- caseN'o. 2 and medium, 1.1/- to If)/-; Norfolk, fresh shipment, S/(i to 12/0. Pears: Coles and Nelis, 0/- to {)/-■ Peter Barry, r,/(! f„ 7/6. Grapefruit’, lar<>e, 4/0 to 0/- ease; small, 2/0 to 4/-. Lemons, .',/- to 7/- ease. -Mandat ines: 7/- to !)/- ease. Pines, Australian, 12/- to 15/- ease. Oranges: Island, 10/0 to 2.!/- ease; Australian Valencia, S/- to 11/-. Apples; Delicious, (>/- to !)/- ease; Granny Smiths, 0/- to !)/-; Dougherty, 4/- to ' T/Gj Winesap, ;!/- to 7/-; .Stunners, 0/- lo S/G; Munros, 0/- to 7/-. Grapes, Californian, red, 24/- keg; white, 22/G keg. Pomegranates, 11/- per case.

| Potatoes; Southern, 7/- to 8/- cwt; new, 13d to 2d lb. Onions, Canadian, £1 per crate. Kumeras, Island, '7/6 to S/- cwt; Tauranga, 4/(5 to 5/(5. Cabbage, 2/(5 to (?/- sack. Cauliflowers, 3/(1 to 8/(5 sack. Swedes, .1/- to 1/(5 bag. Pumpkins, S/- to 13/- ewt. Green peas, 2d to 44d lb. Beans, hothouse, 7d to Hid per lb. Lettuce, .1/- to ?«/- case. Cucumbers, hothouse, '3/to (5/6 dozen. Marrows, .1/- to 3/6 doz. Cabbage, loose, 1/6 to 3/6 dozen. Cauliflower, loose, 2/- to 4/6 dozen. Celery, Gd bundle. Radishes, (id dozen. Spring onions, 4d to 10d bundle. Carrots, parsnips, boot and turnips, 6d to 10-1 dozen. Asparagus, ad to 7d bundle. Leeks, 2d to 4d bundle.

The position of the, egg market is unchanged tin's week. First grade hen and duck eggs are quoted at 10Id per dozen; B grade, Old, and C grade 74d. Farmers’ butter is quoted at from Sid to LUd per lb.

HIGH VALUE OF GOLD. NOW UP TO £6 5/8. SILVER KEEPS STEADY. LONDON, October 27. Gold is quoted today at £6 5/8 an ounce, compared with £6 4/3 yesterday. Silver is quoted at ISJd an ounce, spot, and IS 3-16 d forward, compared with 17Jd and 17£d yesterday. The quotation for silver at per standard ounce is ISJd, and at per fine ounce, IS) 9-164, compared with 17:7*1 and 19£d yesterday.

I FOREIGN EXCHANGES. . (British Official Wireless.) , EUGBY, October 27. The following rates on foreign exchanges are current, compared with the cabled quotations on October 20 and par.— ! Oct. 27 Oct. 2(i Par. New York, dol. 1.25,} .1.20.1 4.S(i(i Baris, franc .. SI 0-10 Sill-10 ,124.21 Berlin, r.m. .. Ii.SOI 11.S11 20.4.1 Bombay, rupee IS 11-04 lSll-04 ISd. Shanghai, tael 21.71 2111-10 ' Hongkong, dol. 10.10 10 1-S | Yokohama, yen 10 10.21 24.1 S BUTTER AND CHEESE. LONDON ADVICES. The New Zealand Producers’ Co-op-erative Marketing Association has received the appended cable from London, dated 28th inst:— Butter; Market steady. New Zealand, finest, 100/; first grade, 07/; Danish, 120/.' Cheese.—Market firm. New Zealand, white, 00/ to 07/; coloured, 50/ to 00/.

I MR. F. CORNWALL, BELL BLOCK [TARANAKI, is one of Now Zealand ’ oldest Breeders and Judges of Jei seys. His Jersey Herd is famous fo its uniform quality and heavy pro dilution. Mr. Cornwall writes: “ have nundi pleasure in advising yo that I have for some time use SYKES’S DRENCH, AN.IMOL, am your other VETERINARY REMEDIES) I find them exceedingly satisfactory and consider no Breeder or Farmei should be without them.” Kelp yom cows at calving time, and assure them quick and proper cleansing by giving them SYKES’S DRENCH. ’ Always use SYKES’S and you will get results. Sold everywhere 1/6 pkt.; 17/dozen. 10