COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18236, 3 November 1933, Page 5

COMMERCIAL

SHORTAGE OP MUTTON HIGH PRICES AT ADDINGTON A very short entry of fat sheep at the double market at Addington on Wednesday placed butchers in a quandary, and they were faced with the problem of filling two weeks’ requirements'of mutton from a yarding which was very little nigger than the normal supply for one week. There will be no sale next week owing to the racing and trotling carnival. The yarding last week was bought: keenly with the idea of providing against such a contingency, but there was no surplus last week. Farmers, of course, were jubilant, and many of them reaped the benetit of withdrawing their offerings at the sales last month, l,mo Jine, which w ; as passed last week at 18s, was sold on Wednesday at 255, and rises of 5s were common. A good deal; of dealers’ stuff w T as included in the offering, gome of it appearing for the third time, but all was cleared. Toward the end of the sale, bidding became almost hysterical, and any sort of sheep provoked the keenest competition. One lot of ewes, which a month ago was offered in wool and attracted a bid of 18s a head, sold on Wednesday out of wool for a slight advance on that price, the owner having clipped from each about 10s worth of wool. He had sold lambs from them at over £1 a head. From the farm of one institution, ewes in wool were sold at 30s Id. Lambs from* them had been taken- earlier and had realised more than 255. MINING NEWS The Golden Progress Quartz Mining Company (Central Otago) reports that hi; addition to alterations to the plant 50 tons of piartz were mined from the stopes, yielding 115 ounces Bdwt. melted gold, the approximate value of which should be in the vicinity of £770. About 15cwt. of concentrates were also extracted from the sands during the month, thus bringing up the concentrates to about six tons on hand, rvhich will be shipped for treatment at a later date. A large body of ore is still to be operated on. The Waitnhu Gold Mining Company. Limited, Dunedin, reports that sluicing operations commenced on October 20, and in spite of the severe dry weather during the last three months a good supply of water, estimated at 11 heads, under a pressure of 450 ft., was at the nozzle. Three shifts daily are being worked, and present operations consist of the stripping of the top material, which is being discharged through a run of gold-saving boxes 4ft-. 2in. wide. On the completion of the stripping of the first paddock the elevator will be sunk for the treatment of the bottom wash. The management anticipate that steady progress will now be made. SUGAR INTERESTS COMBINE The Victoria Nyanza Sugar Company, Limited, reports: A cablegram received on Wednesday states that the principal competitor signed a provisional agreement to-day, joining East African Sugar Distributors, Limited. CHEESE FOR HONGKONG Last season the New Plymouth representative of a well-known English wholesale house secured an order for waxed loaf cheese for Hongkong. The produce was obtained from a Taranaki factory, and the shipment proved so satisfactory that this year the firm has completed arrangements for regular shipments of loaf clieese from the same factory, and thero is every probability that the business will become a substantial one. The cheese will be sent in three shipments. Each crate will contain 12 waxed cheeses of 101 b each. The first shipment goes via Sydney to Hongkong and will be sold to the Army and Navy Stores arid the Colonial and European clubs. VICTORIAN PRODUCE PRICES (Received October 3, 11 a.rn.) MELBOURNE. Nov. 3. Wheat, 2k 8d; flour, £7 10s; brail, £4 10s; pollard, C 6; oats, 2s 2d, 2s 3d; barley, English, 2s 6d; maize, 4s, 4s 3d; onions, Spanish, quiet and Steady, £1 ss, £1 10s; silverskins, easier, £4 10s and occasionally £5. NORTHERN BOX COMPANY The sum of £OOOO has been distributed among lire 15 northern dairy companies, which form the North Auckland Box Company, Whangarci, now in liquidation. The company recently hold a successful clearing sale at the Parakao mill, disposing of all the timber and the greater portion of the machinery. The old mill site has been practically cleaned and the Crown lease will shortly bo taken over for fanning' purposes.