N.Z. PRODUCE.

Star (Christchurch), Volume LXVI, Issue 20625, 28 May 1935, Page 11

N.Z. PRODUCE.

High Commissioner’s London Cable. THE WEEK’S MARKETS. The Department of Agriculture has received the following cablegram, dated May 25, from the High Commissioner for New Zealand, London: Tallow.—No auction this week. In the absence of business quotations are nominal at 2s per cwt advance on the prices ruling at. the last auctions. Hemp.—Manila: Market firmer; prices have advanced. “K” grade for JulySeptember shipment sold at £l3 10s. Sisal: Market firmer. Good business has been done. June-August shipment sold at £l6. New Zealand: Market continues quiet. Small business has been done. Common grade for May-June shipment £l3 ss. Fruit.—S.S. Ivumara has discharged fruit in good condition. Port Pirie, Somerset and Port Bowen discharging Monday. Apples: Market steady, notwithstanding that over a million cases of Australian and New Zealand will be landed during current fortnight. Current prices are:—Granny Smith, 10s to 13s; Delicious, 10s to 12s 6d; Jonathan, 10s to 12s; Cleopatra, Dunn’s Favourite, Sturmer. Rome Beauty. Statesman, Ballarat and Scarlet Nonpareil, 10s to 11s; London Pippin, 9s to 10s. Pears: Market overstocked; condition variable and trade slow. Current prices are:— Winter Nelis and Josephine, 8s to 10s; Winter Cole. P. Barry and Beurre Bose, fis to 8s; Keiffer, Packham’s Triumph, Glow Morceau, L’lnconnue and Beurre Easter, 7s to Ss. MINING. Reports and Returns From Operations. Nevis Sluicing Claims. A report from the manager of the Nevis Sluicing Claims, Ltd., dated May IS, states that he is cleaning in both pacMocks with a view to having a final wash-up for the season. Work is progressing satisfactorily on both top and bottom claims. It is anticipated that the result will come to hand early Irf June. Bad weather has been experienced, with heavy falls of snow, but the race has been kept clear. MataJd Dredge. AUCKLAND, May 27. The Mataki return for the week work* May 26 AVaS 27 ° Z f ° r 123 hours ’ Addison’s Flat. (Special to the “ Star.”) BULLER, May 27. The Addison’s Flat Gold Mining Company’s return for the fortnight ending Saturday, May 18, was lloz for thirtysix shifts. The manager reports that he has been engaged in putting a prospecting cut out to the west of the claim. Resolute Mine. A meeting of directors of Resolute Gold Mine, N.L., was held in Sydney on May 16, when it was decided, acting on the advice of the company's consulting engineer, to abandon the option on the Resolute property. The work to the South, states a circular to shareholders, failed to disclose any further ore body, and in view of the fact that £IO,OOO in cash is still payable if the option is exercised, it would he impossible to work the present ore body at a profit. The directors wish to inform shareholders that they have securc-d an option over a property situated between Kalgoorlie and Ooolgardie, and near Spargos, Western Australia, on which the company’s consulting engineer is making an inspection, to report at an early date. Shareholders will be forwarded a copy of the report when it is ■available. Maori Qnllr. (Special to the " Star.*’) GREYMOUTH. This Day. The annual meeting of shareholders of the Maori Gully (Kokiri) Gold Dredging Company was held last evening. Mr •T. M. Bunt presided over about fortv shareholders. He emphasised the sound financial position of the company, with £25-10 in the hank. Commitments were small, and the estimate for the dredge and incidental expenses of £14.500 had been exceeded by £4O only. The election of directors resulted in the retiring directors, Messrs W. Hill and H. A. Martin, being re-elected. Mr E. Souter was re-elected auditor. The chairman reported that the dredge I had now been taken over by the comI pany from the contractor and had begun I work again at midnight on Sunday. At a subsequent meeting of directors Mr Bunt was re-elected chairman. Emperor Mine of Fiji. Mr P. F. Cody, a member of the syndicate which owns the Emperor mine at Tavua. Fiji, has returned to Melbourne from a visit to the propertv. He reports that developments at the mine are very satisfactory, and that huge bodies of ore are being opened up. A tunnel has been driven into the Koroere hill, which has proved that the lode .continues over a length of at least 1000 ft, and it is in places 150 ft wide or more. The greatest depth attained in the mine is 120 ft, and all of the ore developed is oxidised. The values exposed in the ore are payable, and the mine is returning a profit. Some metallurgical difficulty has been experienced, and the plant is not working to full capacity because of it; extraction of gold, however, has been very satisfactory, as less than a pennyweight of gold a ton is passed out in the tailings. Mr Cody compares the formation to that of the Waihi mine in New Zealand, where a large “ mother lode ” is the focal point of suhsidiarv formations. He suggested that the Emperor is the “ mother lode ” of the Tavua field. Competent mining engineers have expressed the opinion that the formation is probably the largest gold-bearing shoot of ore in the world. It is certainly larger than anything found in Australia. Electrolytic Zinc Mines. A possibility that tho Rosebery mine of the Electrolytic Zinc Company of Australasia, Ltd., on the West Coast of Tasmania, would be in operation by the end of the year was mentioned by the general manager of the company (Mr H. St John Somerset) on a recent visit to the mine. He said that prospects of commencing work at Rosebery were brighter than they had been for some time. P,rices for metals have improved materially, and if no important change occurred in the position the company might be able to begin work when power became available from the new line being constructed by the Hydro-electric Commission. Mr Somerset said that when the mines were operating the zinc concentrate produced there would replace portion of the tonnage now being drawn from the Broken Hill mines. The chairman of the company (Sir Colin Fraser) said at the last annual meeting that provision of electric power was being made at the mines so that the company would be in a position to begin operations there as soon as the condition of the metal market warranted it. Apparently that time has nearly arrived, and the outlook is regarded as being more promising than it has been for some time. The average sterling price of spelter in March was £l2 3 s 5d a ton, compared with £ls 2s 6d to-day; lead lias risen from £ll 2s to £l4 10s~n ton; and silver from 2s 5Jd an ounce fine to 2s 10Jd an ounce fine. FRENCH FINANCE. Government’s Full Power to Act. (Received May 2S, 11.45 a.m.) PARIS, May 27. Cabinet has agreed to a Bill conferring on the Government plenary powers to deal with the economic and financial situation. BRADFORD BUSINESS. (Received May 28, l p.m.j LONDON, May 27. Bradford business is limited, users being reluctant to pay the prices asaed.

GRAIN AND PRODUCE. Business in the grain and produce markets continues very quiet, with prices .unchanged. There is very little North Island inquiry for potatoes, and the Kartigi will leave for the north tomorrow, and the Waimarino on Friday with further supplies. Farmers are not selling big lots, and there is just about enough coming on to the market to satisfy demands. The onion market is fairly firm, with not much offering. Following are prices quoted to be paid to farmers on trucks at countrv stations, sacks extra unless otherwise mentioned:— Milling wheat—May delivery: Tuscan 4s 2d. Hunters 4s 4d, Pearl and Velvet 4s fid f.0.1x Fowl wheat—3s 9d to 3s lOd on trucks. Oats—Gartons 2s 3d to 2s 10d, Algeri- i ans 2s to 2s 3d. Duns 2s 9d to 3s, I according to quality. Chaff —£3 2s fid to £3 ss. Barley—2s 6d to 3s, according to qual- I Partridge peas—ss to 5s 6d. Linseed—£l3 to £l3 10s a ton. Cocksfoot—Akaroa, 9’d to lid. Ryegrass—Perennial.' Italian and Western Wolths, 2s 9d to 3s 3d. Clovers—White 6d to 9d, red 7d to 9d 1 Potatoes—Prompt deliverv: Sutton’s I Supreme. £4 10s to £4 15s; Dakotas, £4 j ss; whites, £4 10s. Onions—Prompt, £l2 to £l2 10s a ton Bran—Local. £4 10s. Pollard—£s 15s large size. £6 5s small size. —Local. £l2 12s. shipping £ll 1 l.s, with usual increments for smaller 1 packings. PRICE OF GOLD. (Received May 28, 11 a.m.) LONDON, Mav 27. Gold is quoted at 141 s a fine ounce. Recent quotations have been:

ASHBURTON STOCK SALE. (Special to the ' Star." ASHBURTON. This Day. There was an average yarding of faf at the Ashburton sale yards today. The quality generally was better I than that offered at Tinwald last wee];, I but the average price for pood ewes was ; fully is lower. The sale was conducted in fine but dull weather and before a. good attendance of buyers and farmers. I Up to midday the beat price for ewes was 7s 7d, obtained by Cochrane Bro«. (Elgin) for four; and they received 15a 1 lOd for three. D. Cairns (Wakanui) got 15s lOd for nine, and W. H. King ! (Winch more) 14s Id for six. In the j wether pens A. S. Rowell (Winchmore) ; received 21?= 1 (*d for seven, and Harvey ; Bros. (Mayfield) £1 0s 6d for one. Top j price for lambs this morning was £l 0s | 7d. obtained by A. M. McMillan (Greeni street) for four, while W. H. King got ! 18s 4d for eleven. Other prime ewea I ranged from 12s 7d to 13s 7d, and prices for other sorts ranged from 10s 4d to ! 12s 4d. Medium sorts in the wether ; pens ranged from 17s lOd to 19s 4d, and average quality lambs sold at from 16s j fid to 18s 4d; while two light-weights brought 7s 7d. Twenty-one head of cattle were yarded, and several were passed in at auction, including a heifer due for first calf in about a week, the highest bid for this animal being £3 15s. Sales in the fat pens were:—Cows, one each at £5 10s, £5, £4 ss, £3 15s, £3 10s. £3, £2 15a and £2 78 6d; two at £2 5s each; heifers, one each at £2 2s 6d and £1 17s 6d; store sales included a cow at £1 7s fid. steer at £2 and bull at 17s fid. WHEAT QUOTATIONS. United Press Assn.— By Electric Telegraph—Copyright. (Received May 28, 1 p.m.) LONDON. May 27. Wheat cargoes—Quiet. Parcels are in slow demand. Futures are quoted:— London, June 22s 7d a quarter, September 23s Id. Liverpool, May 5s lid a cental, July 5s 2Jd, October 5s 4Jd, December 5s 5Jd.

Ter oz. s. d. May 24 14 1 « May 21 141 5 fay > 7 141 8 fay 1« 142 7 May 13 142 y May 14 142 85 May 13 142 6J May 11 143 4 May 10 143 5 May y 143 y fay 8 144 01 May 7 143 73 May 4 144 1 May 3 143 m May 2 144 4 May 1 145 0 April 30 144 8 April 1 145 85 March 29 143 s March 6 (record) 149 4 March 1 14 5 1 February 1 142 4 January 1 140 105