Business Gossip

Sun (Auckland), Volume I, Issue 119, 10 August 1927, Page 2

Business Gossip

Southern Exchanges. Tester*,, Kauri Timbers were done at ’ls m the Wellington Exchange. " 011

Final Second Butter-Pool Paymen* —No further payment appertaining r the second butter pool will be pM, for some time, according to ceived locally from the Dairy Product Control Board yesterday. As a re suit final payments of many dairr companies will be held up indefinitely London Retail Meat Prices.—Und« date August 5 the London office o£ tht New’ Zealand Meat Producers’ Boarf cabled the following London retsi’ prices for New Zealand meat:— legs, 14d a lb: shoulders, 13d; loin* 12d; necks, 8d: breasts, sd. Muttos (wether), legs. 9id: shoulders, Ifc) loins, Sid; necks, 6d; breasts, 3d.

Opening of Sydney Wool SaleaPublic sales of the new season’s woe clip will be started in Sydney on August 29. Catalogues are to ton: 11.000 bales daily. The first seri* will close on September 7, by which date 77,000 bales should have beet sold. The second series will be starts on September 10. and will end on October 19, the roster providing lor 198,000 bales.

MINING NEWS WAIOTAHI.—The manager report?: The drive hillward for the WaiotahCambria reef 4ias been advanced eigh: feet for the week, and three sets of timber placed in position. The country being penetrated is still a hard grey anderitt. with a fairly strong flow of water making through the heads and joints of the rock strata. KURANUI.—The manager reports for the week ended August 6: The drive on leader near Shotover shaft has bee", driven 7ft. for the week, making a tota' of 31ft. from the crosscut. The lead*still looks very promising, but no goM has been seen. The rise on Hunt's reef has been advanced 6ft. for the week, making a total of 26ft. The reef still maintains its size, and shows some nice min*eral and silica. ALBURNIA.—The manager reports a? follows: The western crosscut has been extended from 271 ft. to 281 ft. The country passed through is much the same v last week, but the rock in slightly darker in colour, and a few more stringers are showing, carrying a good class of mineral. Stoping over the intermediate has been continued; most of the work durins the week has been prospecting in the hanging-wall side, of the reef. We find the reef here to be about 6ft .in width, composed mostly of leaders which range in width from 2in. to 9in. of quartz. Several of these leaders showed nice strong colours of gold, but as the footwaH portion shows the best values we propose to direct our attention to this part.

DAIRYING ACTIVITIES

RAGLAN COMPANY INCREASING CAPITAL The annual meeting of the RagU Dairy Company attracted a large attendance of suppliers. Mr. A. Peart presided. The report showed the output for the season to be well in advance cthat of the previous season. Tbi* season had also started well, aa tb< returns for July were 100 per ca»j better than those for the same perios of 1926. A motion to increase the capital othe company from £IO,OOO to was carried. NORTHERN DAIRYING The July output for the Bay Islands Dairy Company was 8 ton* 10cwt 3qr 131 b, compared with 6 tons lewt lqr for July, 1926. The otltpi* for the season ended July 31 last* 11 * 20 tons 7cwt Oqr 211 b, compared 14 tons lewt 2qr 31b for the precede* season.

AUSTRALIAN WHEAT POOL

FARMERS APPROVE PLAN By Cable. —Press Association. — SYDNEY, Tuesday A conference of the Farmers’ Settlers’ Association adopted a re*W£ tion in favour of establishing a *"• pool which would be free from Government control. —A. and NJZ. FRANKTON STOCK VALUES WETHERS MAKE 39 - A small yarding of beef at Frank 106 yesterday met advanced prices. The fat sheep section also decreased entry, and prices Dalgrety’s report wethers making to 395. LONDON MEAT PRICES OFFICIAL QUOTATIONS Under date Aupu.st 5, the of the New Zealand Meat Board advises the following resume Smithfield delivered prices:- M iden s." New Zealand Wethers and & Canterbury quality, selected ggf and under 5Jd a lb, 571 b to 641. to 721 b 4id other brands, 561 b 5 3-Bd, 571 b to 641 b 4 5-Bd, 6=» » 4 3-Sd. 11V und* r New Zealand Ewes.—64lb » ‘New Zealand to^ quality, 361 b and under 9*3, A «elee te " *id, 431 b t-> 501 b Sd, seconds M®- l 0 brands, 361 b and under 90, 37* 4 r.d Sid: other brands, first qu«*Q’-*** under S 5-Sd, 371 b to 421 b 8d; lity. 30-32 average. Bsd- „.,aiity. Argentine Lambs—First and under Sd. 371 b to 421 b foreS . 3Argentine Chilled Beef.—CX hinds. 6d. lMlh ctd; 1“ Frozen Pork.—SOlb to 1201 b. to 1801 b, 6|d. - . «ritfc I® 00 Lamb.—Market is steady, demand. apniiU^ IV, utton. —Meeting better ae ■ lower prices.