COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18191, 12 September 1933, Page 2

COMMERCIAL

SMITHFIELD MARKETS PIG VALUES IMPROVE Little alteration occurred in New Zealand frozen meat values at Southfield last week, except that porker pigs took a sharp move forward, lightweights increasing by JJI a lb. up to 6d,’ medium weights by jjd to sjjd, and 101 to 1201 h. bv jd to' s|d. Bnconers remained unaltered at The increase in lightweights is equal to jjd per lb. over it fortnight. The Meat Boards’ summary of the position is as follows : “The lamb market is quietly steady. Consumption is satisfactory, but is now feeling the usual competition from homekilled lamb. Mutton.—Wethers and ewes are meeting with a fair demand, with juices unchanged. “The beef market is quiet. “New Zealand porker jiigs: The demand is improving, but is affected by warm weather. New Zealand baconer jiigs: Steady, with juices unchanged."

CANADIAN WHEAT CROP

(Received Sept. 12. 11 a.m.) OTTAWA, Sept, 11

The Canadian wneat crop this year is estimated at. 382,771.000 bushels, according to a crop report by the .Dominion Bureau of Statistics issued to-day. MINING NEWS The report of Blackwater Mines, Limited (Rcefton) for August, with July figures in parentheses, is as follows:—Crushed, 4108 tons of ore (4182 tons) yielding 1858 ( 1577) fine ounces of gold, valued at £11,150 at £0 an ounce (£IO,BOI at £5 Jss an ounce). Working costs were £5569 (£5553), leaving an estimated working surplus of £5581 (£5248). Development expenditure was £9.04 (,£963), and capital expenditure £1439 (£1691). The directors of the Fourteen Milo Beach Gold Mining Company, Limited, (Otago), report that the first wash-up resulted in a return of 470 z. 13dwl, This return represents broken time while opening out. the first paddock preparatory to shifting the elevator to its new position. The. first annual report of the Waitahu Gold Mining Company, Dunedin, states that at July 31 cash at bank and 'calls unpaid totalled £5040. The expenditure from that date totalled £2125, leaving £2915 available to complete the construction programme. The directors considered this very satisfactory, as the water race was nearly completed and the claim plant was installed ready for linking up with the water.

Registration of the Manawatu Knitting Mills, Limited, with a capital of £25,000, is the outcome of a deal which marks another step forward in the liquidation of the assets of Macky, Logan, Caldwell, Limited. The new company takes over the plant arid goodwill of the Manawatu Hosiery Factory, Limited, Palmerston North. The liquidator is not disclosing the exact figure, hut a substantial cash sum is involved iu the transaction. This is the second subsidiary company of Macky, Logan’s which -has been successfully disposed of by the liquidator within recent months.