MINING.

Star (Christchurch), Volume LXVI, Issue 20561, 12 March 1935, Page 9

MINING.

Proposed Winding-up cf Bell Kilgour. DISAPPOINTING RESULTS. (Special to the “ Star.’*) DUNEDIN, March 11. An extraordinary general meeting of the Bell Kilgour Gold Mining Company, Ltd., will be held on April 2 to consider the position of the company and. if thought fit, to pass the following as a special resolution:—“That the company be wound up voluntarily and that T. 11. Thompson and Sons, public accountants, be appointed liquidators for the purposes of such winding up." In a report to the shareholders the directors state: “As shareholders are aware, operations on the Bell Kilgour section of the claim ceased in November last after the results had proved that the gold-bearing areas were exhausted. Since November the manager has concentrated on the Murray section of the claim, which now appears to have been worked out by the old miners. “The directors have come to the conclusion that the claim cannot be economically worked, and now submit to the shareholders the future of the company. “It is with extreme regret that the directors have to propose liquidation after the results have been so disappointing. It is estimated that on realisation a return of approximately one halfpenny per share will be made.” Matakl. AUCKLAND. March 11. The Mataki return for the week ended March 10 was 230 z for 105 hours’ work. Skippers, Lt 4. The mine manager reports a wash-up of 750 z. representing over an ounce per square yard over the whole paddock bottomed. Moanataiari Qolconda. The supervisor of Hoanataiarl Golrondß. Consolidated, Ltd., advises that for the week ending the Bth instant the orospeut was advanced 18ft, making: a total of 356 feet from the starting point. DOMINION PRODUCE. High Commissioner’s Cable From London. The Department of Agriculture has received the following cable, dated 9th instant, from the High Commissioner , for New Zealand, London:— Tallow —Market firm with little offering. Nominal quotations slightly higher. Hemp—Manila: Market quiet hut steady. K ” grade tor March/May shipment quoted buyers at £l3. Sisal: Market steady with values unchanged. New Zealand: Market unchanged. GRAIN AND PRODUCE. There has been little change in the Christc-nurch grain and produce market since the end of last week. The potato market Is slightly easier, but no cnange has taken place in quotations, which remain at £4 to £4 os for forward delivery. Farmers are holding on to their supplies in anticipation of uetter prices later in the season, but so far, there does not seem to be any prospect of an improvement. There is little demand for onions, and supplies are scarce. The price quoted Is £7, an exceptionally high figure. More oats are now offering, growers having been Induced to part with their lines on account of the present high prices. Algerians have eased slightly, however, because the South island prices- are getting abdve the Australian level, and North island purchasers are dealing with the Commonwealth. Partridge peas, too, are quieter, quotations being above export parity, and overseas buyers are not prepared to follow New Zealand figures. Cocksfoots, ryegrasses, clovers and wheat show no change, but for the seed lines there is a steady demand for autumn sowing. This demand would be greatly accentuated in the event of a. good rain over the Dominion. Autumn sowing has been retarded because of the lack of moisture in the soil. Following are prices quoted to be paid to farmers on trucks at country stations, sacks extra unless otherwise mentioned:— Milling Wheat (new season’s).—March delivery, Tuscan 4s. Hunters 4s 2d, Pearl and Velvet 4s 4d f.o.b. Fowl Wheat.—3s 9d to 3s lod. Oats.—Gartons, 2s to 2s sd: Algerians. 2s to 2s 4d; Duns, is lOd to 2s 6d, according to quality. Chaff.—£3 to £3 ss. Barley.—2s 6d to 3s 6d, according to quality. Partridge Peas.—ss to 5s 9d. Linseed.— £l3 a ton. Cocksfoot.—Akaroa, 9Jd to 11’d Ryegrass.—Perennial, Italian and Western Wolths, 2s 9d to 3s 3d. 1 fClovers. —White, 6d to 9d; red, 9d to May, June delivery). Onions.—Prompt, £7. Bran.—Local, £5 15s: shipment, £5 ss. Flour.; —Local. £l2 12s; shipping, £] 1 1 is, with usual increments for smaller packings. ASHBURTON STOCK SALE. (Special to the “Star.”) ASHBURTON, This Day. At the Ashburton stock market, competition among butchers resulted in a rise of is a head for good ewes, but freezing buyers were not very active. There was a reasonably good yarding of rat sheep and a good yarding of stores. Best ewes sold this morning yere three maidens on account Cochrane Bros, tElgin), at 23s lOd. A. C. Cameron (Pendarves) received 17s 10d for eight, 17s 7d for six, and 16s 4d for eight. Two on account P. G. Rickard (Riverside), brought 16s Id and the same price was obtained by R. Hampton, sen. (Pendarves) for six. Other good ewes ranged from 15s 7d to 14s id. Medium sorts ranged from 13s lOd to 12s 7d. and lighter weights varied from ]ls 7d to Ss 4d. A client received 21s 10d for five wethers, and W. Ansty (Coldstream) got 16s 3d for one. J. A. Patterson (W r illowby) was the most successful vendor of limbs tMs morning, receiving 19s 1l)d for seven; and Miss Griffiths (Ashburton> got 19s !>d for one. Other lambs sold at 16s 10s, 16s 7d, 15s and Us 4d. Seven were passed at 19s 7d. Sales in the cattle pens were:—Fat cows, one each at £5. £4 10s and £2; two at £4 each. Store sales were: Steer. £1 ss: heifer and runner. £1 7s <»d; two runners (heifer and steer). 4s 6d each; young steer, £i ; empty cow, £1; bulls. IQs. H)s and ss. WHEAT QUOTATIONS. (Received March 12. 1.30 p.m.) LONDON, March 11. Wheat Cargoes—Steady, rates maintained. Parcels—Trading slow. Futures arc quoted: London. April. 20s 3Ad a quarter: June, 21s lid. T.iverpooi, March, 4s 7id j. cental; May. 4s lOSd; July, .-»■* Id: October, Sg 31. REAL ESTATE. Messrs Binns, Barber and Co., Ltdestate agents. IS2. Cashel Street, report having sold on behalf of J. A. Mander. his four-roomed bungalow at 11. Forth Street, to Mrs Beard; also on account of Mrs V. Moore, her new five-roomed bungalow in M’Leod Street. Richmond, to Mr Orr, and Mr Rollinson’s bungolow of five rooms at 10, Sylvester Street, to a client. 6 Messrs C. E. Jones, Ltd., auctioneers and estate agents. 174. Manchester Street, report having sold on account of the mortgagee, the property at 167, Norwood Street, Beckenham, comprising bungalow of five rooms and kitchenette, together with 1 -icrc 3 6-10th perches of k land, with six glasshouses, to a client.