Business Gossip

Sun (Auckland), Volume 1, Issue 75, 20 June 1927, Page 2

Business Gossip

Kauri Gum Market Depressed—x, operators at pnien e\ nice little interest in New Zealand gums. iho market is depressed ant practically the only inquiry is for eo,v white gums. Hemp and Tallow Value, .—The Lon don olfict l of the New Zealand Lo., and Mercantile Company quote cif values of tallow as follow: Pi ne mut . ton. 3os per cwt.: pood beef ». mixed. 33s 3d. Market quiet. ’KI hemp quotations are given a, £3s Vti and .£34 10s. 1 ** WOOL LIKE COTTON By Cable.—Press Association Copyrtjfc LONDON, Saturday. Widespread interest has been aroused by an official announcemen' made by the Bleachers' Association ti the eff ec t that it is now treating cotto’ in such a manner as to give it tip appearance and feel of wool. He tails of the process are not avail able, but the experiments have beer proceeding for some time with variouchemica! treatments after the applies, tion of nitric acid —Sun. LONDON PRICES By Cable.—Press Association.—Copvriah LONDON, Saturday. Sheep —Canterbury, light, 6*d; mediuw old. North Island: Light, 5 7-Sd: medium, Zd. Argentine: Light, 4 5-M medium, 4d: heavy, SJd. Lambs.—Canterbury: Medium. M? North Island: Firsts, light, 8 5-Bd. Frozen Beef.—Argentine: Fores, 2 l-Sd hinds, 6 7-8 d; others unchanged.* COTTON, RUBBER, HEMP, ETC. (Last week’s prices in parentheses.) Cotton. —July delivery, !i.95d (8.86 d; Rubber.—Para, 17d (18d) a lb; plan tation and smoked, 17d <lBJd). Jute.—June-.l uly shipments, £3O B* (May-June, £29 7s Gd) a ton. Hemp.—June-August shipments, £j; (£35) a ton. Copra.—June-July shipments, £25 lit (£25 15s) a ton. Lirseed Oil.— £34 (£34 ss) a ton. Turpentine.—4ls (435) a cwt. —A. and N.Z. MINING NEWS MAORILAND.—The mine manager pv ports for the week ending June 18: “The crosscut east has been .advanced 6ft, mailing the total distance driven to date 29:1 Two small quartz, stringers about 2 inches in width were passed through. The* crossed the face at right angles a* showed a fair amount of the right daw of mineral. I have to-day forward* three pieces of quartz in which gold cir. be seen with the naked eye. This is r sample of quartz taken from the back ©i an old stope in No. 3 level, where payablt ore was previously obtained.” NEW WAIOTAHI.—The manager reports for the week-ended June If: “The drive hill ward for the WaiotahiCambria reef lias been advanced 14ft fof the week and a reef formation abtHii Bft in width, composed of a band o' calcite about 2ft wide on the footwsii and one three or four inches wide ©t what looks like the hanging walL witfc veins of the same nature interlacing \ soft country rock. Between the coupfl of this formation is the same as the being looked for, but its composition do«t not correspond, so crosscutting is continued.”

TO-DAY'S OBSERVATIONS Meteorological observations taken atJk* Albert Park Observatory at 9 a.m. to-aw by Captain D. McLeay, the Govern*® 1 Observer:— Barometer, 29.841 inches. Air temperature at 9 a.m., 55 degre*rTemperature in shade I Maximum 52 degrees, minimum 4®. } mum temperature in sun 72 degrees, j Minimum temperature on grass. Direction of wind at 9 a.m., S.E. Velocity wind previous 24 hours, » • , J Rainfall during previous 24 hours. J Rainfall to date this month, 3.39 indie 5 - NORTH ISLAND CONDITIONS Observations taken at 9 a.m.

I .... - - . letters ! Wind-force indicated by (reS a I calm; L, light; Br., t,re f*f’ r who** * 1 «verI > 2S 3inc cfouds- D. drizzling whole sky covered with coj* i SSiSr^iSTST v- \ »ireatening appearance. Z. h a PACIFIC ISLANDS REPORT

Station. Wind. Bar. Thcr. w. Cape Maria . . s, 29.76 54 R Russell . . . W, fb 29.68 51 p Hokianga Hds. SE, fb 29.69 53 B Kaipara Sig. St SE, g 29.76 0 Manukau Hds.. SE, br 29.83 OP Auckland . . SE. fb 29.79 V Tiritiri ESE, g 0 Kawhia . . . . SE, fb 19.77 c Tauranga . . . SE, mg 29.76 0 East Cape . . . Gisborne . . . SSE. fb SE. fb 29.95 20.04 54 p 0 New Plymouth. Wellington . SE. SE. fb fb 20.15 20.2J 47 52 0 R Thames . . . - Opotiki . . . SE, E. 1 St. 29.85 52

Received Station. Niue Ra rotonga .. 11.IS a m. by Wind. Bar. Tber. " , XE 3 ST'. 10 S4 j^jje EXE 2 30.17 •• gc Nukualofa .. Not 0 NR 2 30.M y F jn<» Ananui .. Norfolk Island * Not "Receive 3. '