COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20028, 8 February 1935, Page 2

COMMERCIAL

LONDON WOOL SALES The New Zealand Loan and Mercantile Agency Company Ltd., advise that the following are the quotations for good average New Zealand wool greasy fleece in London—64’s, 93d to llld; 60/64’s, 9d to lOid; 56/58’s, 10id to lljd; 56’s, 9Jd to 103 d; sQ’s, 8d to 93d; 48/50's, 73d to 8d; 48’s, 63d to 71d; 46/48’s, 63d to 7d; 46’s, 6d to 63d; 44/48’s, 53d to 62d; 40/44’s, 53d to 6d: 4Q’s, 51d to 6d. DAIRY PRODUCE The South Island Dairy Assn,, Ltd., has received the following market report from the New Zealand Produce Assn., Ltd., London:— Butter—Quiet, finest, 93/-; firsts, 92/-; Danish, 118/-. Cheese —Quiet, white, 47/6; coloured, 47/-. The N.Z. Loan and Mercantile Agency Co. Ltd., have received the following advice from their London house dated under February 7.: Butter —90/-. market slow. Cheese —46/6, 47/6, quiet. FEILDING RAM FAIR By Telegraph—Press Association FEILDING, February 7. At the Feilding Ram Fair to-day Romneys were offered. The sale opened with a quiet tone but later improved and prices were better than at other fairs held this season. There was a keen demand for rams showing quality, but inferior rams were neglected. The offering generally showed the effects of the dry weather, the wool not looking at its best. No fancy prices were received. The highest price for the stud Romneys was 31 guineas, the vendor being W. F. Jacob and the purchaser S. G. Perry. The highest price for flocks was 18 guineas, the vendor being G. E. Allen, while Alex Brown received 16 guineas and the highest average. AUCKLAND GAS COMPANY The Auckland Gas Coy’s, debenture issue of £200,000 maturing on May 1 will be redeemed on that date. The chairman of directors stated that the loan would be repaid on the due date and none of the debentures would be re-issued. The loan was Issued in 1928, three-fourths of the money being required to pay an issue falling due and £50,000 for development. The loan was over subscribed at 61 per cent. After these debentures are repaid the only debenture capital remaining will be £50,000 at 6 per cent, due 1942. These debentures have not been quoted this year the last sale being at £lO4 in September 1934.

WAIPAPA BEACH DREDGING COY. The launching of the pontoons of the new dredge was successfully carried out on Monday. Within a few hundred yards of where the new dredge was launched are the remains of the Wellman suction dredge which won 1000 ounces of gold in 1890. This was one of the earliest attempts at gold dredging in Otago. The pontoons are 50ft. long and were constructed in Invercargill on behalf of the Dunedin Engineering and Steel Coy., the contractors for the dredge. The launching took place without a hitch in the presence of a number of share holders and local residents. The dredge is of the modem Diesel bucket dredge type and is specially designed to operate on beach sand deposits. It is expected to be at work about the end of April.