Business Gossip

Sun (Auckland), Volume 1, Issue 89, 6 July 1927, Page 2

Business Gossip

I • London Meat Market.—The Zealand Loan and Mercantile Company, Ltd., has received inp cablegram from its London 0 i New Zealand frozen meat: Xo dJ in the market. Last quotations* S|d a lb, average: mutton, maiden ewe. light, Gd a lb; e\rc '?u ! 4 3-Sd a lb: heavy. 4 l-8d a lb. slow. Fertiliser Prices Revised.— \ revision in fertiliser prices is*’ nounced by the New Zealand Fare* Fertiliser Company. Ltd., and Jfe. thorne Prosser. Basic super hask brought up to the high grade level at £4 2s 6d a ton net on i? at the works. Auckland f.o.b. quotations are advanced 7s 6d* fe and Onehunga f.o.b. deliveries an vanced 5s a ton. This change only a small portion of the output* is made to cover cost of deUv«y. board. High grade super and NV super are still quoted at £4 2s 6don trucks at the works. Futnmfee ness will only be accepted on Understanding that the price ruling at the time of delivery. MINING NEWS ALBURN I A.—The manager repcr The western crosscut has been extev from 136 ft to 212 ft. The country through is much the same as that* 7 viously reported. There is still a ' water coming from the heads. IB over the intermediate level has fe continued toward the north end o( ' stope. The timbering and filling ia - shortly be completed, and we hope tc again stripping the reef by about T> day or Wednesday next. On sevens casions during the week we brokeafia of the ore and a little coarse gold c seen. This stope is now up to a help of 24ft. from the intermediate level' making in all 64ft. from the back of;. Orlando level. Driving on the haag:. wall branch of the Orlando reef norbl been also in hand. The distanced for the week was 7ft., making a too! 25ft. from the starting point. This of ore shows a width of from 15 to Ik It is encased in a good class of cwir rock, and at each breaking down eoiec and dabs of gold are seen, and its gent appearance is good. TARANAKI OIL FIELD! ENGLISH FIRM RULED (KIT Press Association. Tj NEW PLYMOUTH. Tuesfc; At the annual meeting of the T*k aki Oilfields. Ltd., the ch;iirma* & A Hon. W. A. Watt, announced that,®* | ject to the settlement of the terms,*: agreement was contemplated with & Darcy Exploration Company, a whs diary of the Anglo-Persian Oil O 7 ? pany, under which the Taranaki wit ; pany and its subsidiaries would gn: an option over certain of their prope ties in New Zealand. Tarantiki Oilfields, however, hastcided that the terms offered aw *ii satisfactory and the board has sW; structed its London representativesterminate negotiations with the Company.