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Brown's Reward [Newspaper Article] — News — 30 July 1923
Brown's Reward A telegram has been received from the mine manager of Brown's Reward stating: "Crushed 503 tons ore broken by the pre volus management of New Development, mostly secondary enrichment and quite dis tinct from Brown's Lode. Yield, 182 oz.: tailings assay 9 dwt. per ton."
GRAIN AND PRODUCE [Newspaper Article] — News — 30 July 1923
GRAIN AND PRODUGE WHEAT.--Private advices from London show that the market there is still rather quiet, as buyers are operating with caution. It is reported that thereare resellers of Aus tralian wheat by the s.s. Northumberland at 46/ per quarter. Locally little business is being trancasted as millers have sufficient stocks for present requirements. Shipping merchants' buyingfi prices of farmers' lots are now based upon 4/4½ a bushel on trucks, main shipping ports. FLOUR.-The South Australian Millowner.' Association price for flour for bakers' lots it £11 5/ for 2.000 lb., delivered city or suburbs. BRAN AND POLLARD.-The association price for both products is %8 1/6 for 2,000 lb.. in trucks Mile-End. Smaller quantieies are quoted at 1/,).. a bushele net, delivered city or suburbs. BIARLEY.-The market is stagnant. Buying prices for farmers' lots of prime English malting quality are nominally quoted at about 2/9 a bushel, on trucks or afloat Port Adelaide. OATS.-Merchants' buying rat...
Interstate Produce Markets [Newspaper Article] — News — 30 July 1923
Interstate Produce Markets MELBOUtLRNE, Today-Flour, £11 12/6; oats, barley, and wheat, unchanged; bran and pol lard, £7 10/; potaotes, choice £12 10/ to £13, good.,£t1 to £12; onionrs, best £4, occasionally £4 6J; others at concesioa~a.
FARM AND DAIRY PRODUCE Butter Firm [Newspaper Article] — News — 30 July 1923
FARl AND DAIRY PRODUCE Butter Firm BUTIER.--The market maintains a firm tone. I Although there is a surplus on spot most of this is being readily abisorbed by other States. l-'oduction in Victoria and New South Wales is still below requirements, while Queensland has I little or no fresh butter avainlable for export. I Considerabe quantities of New Zealand butter are being imported into the eastern States. The distributing price for choicest quality butter is 1/9¼d, prints ~d. a lb. extra; best separators and dairy 1/7 tto 1/8; second grade bulk, 1/4½ to 1/5: stores, 1/2 tto 1/45. EGGS.-PFresh hen eggs (by rail and steamer) are nod quoted at 1(;, selected 1/7 tto 1/8; duck, 1/7 tto 1/8; Adelaide Infertile Egg Asso ciatlon ("lied Cnmb" brand), 2/. CHOFEE.--Supplies of cheese are relatively scare in all the the dairying States;, and the recent cold and wet weather in South Australia tends to maintain firm conditions in the market here. Wholesale rates are:--ledium or large, 1/1 to 3/11...
Banks and Exchange Rates [Newspaper Article] — News — 30 July 1923
Banks and Exchange Rates In view of the recent unfavorable criticism in London of Australian and New Zealand banks on the question of exchange rates within the Empire, it -s interesting to note some comments by Sir George Elliott, chairman of direc tors of the Bank of New Zealand, at the annual meeting of proprietors. He pointed out that, as was the case with other Australasian Banks, their funds were accumulating in London to an ex tent much in excess of requirments, and at present they were unable to transfer even, a portion of the surplus to New Zealarnd, except at a heavy loss. Exports continued to exceed imports, and 'in the interest sof the Dominion it was hoped that such a position might long continue, but so long as it existed exporters must expect to pay higher rates of exchange than they had been accustomed to. On the other hand, im porters were enjoying rates much more favorable than those of the last few years. 'Unfortunately for the banks, in terest rates 'in London for...
Mutooroo Copper Corporation [Newspaper Article] — News — 30 July 1923
Mutooroo Copper Corporation Shares of Mutooroo Copper Corpora tion advanced in price on the Adelaide Stock Exchange this morning, conse quent upon satisfactohy information contained in the progress report from the mine manager for the period ended July 21. This stated:-"Since my last report I have opened up Costeen fur tl:er down the hill with fair results, stone showing gold; stones carrying values from 1 dwt. up to 3 oz. per ton or inore. Still ston& on both ends of Costeen to be sampled yet, as the cut crop of ]ode across hill is full 100 ft. across. Stone hard, having to blast everything. Little gold in everything 1 have tried all round the hill. Picked up some good floaters on north side of hill. Pegged lease on south end. Splen did prospects in floater, and a little gold in outcrop of portion of lode on south block. Pegged another lease north-west for the company on big outcrop of lode: scene fine looking sotne, but have not had time to sample it yet. A great many leas...
Duty on Sulphur [Newspaper Article] — News — 30 July 1923
Duty on Sulphur South Australia is peculiarly interested in the decision of the Federal Government to introduce legislation for the abolition of the duty on sulphur and to grant a bounty on its manufacture. Some time ago there was a good deal of adverse comment in Victoria because both South Australia and Western Australia had received a big concession in the duty and were only paying 10 per cent. ad valorem, or about 7/ a ton, while the comijanies operating in the eastern States were called upon to pay the full extent of the duty, namely, £2 10/ a ton. It may be pointed out that the duty on sulphur is equi valent to an increase of (/ a ton on super phosphates sold in Victoria, and only 1/ on that manufactured and distributed in this State. HIowever, the concession to South 5Australia will end about October or Novem ber, when the Electrolytic Zinc .Company, which is; now completing the erection of a, zine iroasting plaint at Port Pirie, will supply sulphuric acid to the Adelaide Che...
MARK'S FALL MOVES GOVERNMENT More Taxation and Foreign Currency WEEK-END PASSES WITHOUT DISORDERS LONDON, July 29. [Newspaper Article] — News — 30 July 1923
.ARH?5 FALL MUVM SGOEkNMENT More Taxation and Foreign Currency -:-WEEK-END PASSES WITHOUT DISORDERS LONDON. July 29. President. Ebert, Herr Cuno, and all the Ministers. of Germany have issued a manifesto appealing to the people to preserve cahnlm and order, according . to a Berlin correspondent. It says: "Until a reasonable reparations settle mrient has been reached the German people must -and will keep afloat l)by their own strength. The Government will continue to adopt all possible mea sures to attain this end."' Referring- to the food :scarcity, the manifesto says measures are projected which will. result in foreign currencies reaching Germany in larger quantities than hithert6, and thus be at the dis posal of the nation for essential im ports, cpecially foodstuffs. The impor tation of unnecessary "luxury" goods would.be as far as possible prevented. With a view to strengthening the financial situation an advance payment of ircome tax n will be demanded, and in order to meet the...
VARIED PASSENGER LIST ON TODAY'S MAILBOAT [Newspaper Article] — News — 30 July 1923
VARIED PASSENQER LIST ON TODAY'S MAILBOAT Coming to *Australia on. the Orient liner Orvieto, which arrived today, is one of the queerest cosmopolitan collec tions of various nationalities imagin able. Italians returning to Queensland to labor on the Sugar plantations mingle with SO Maltese, while .there are also Dutch, French. Greek, Czecho-Slavs, as well as English, Scotch, and Irish. The Maltese are for Victoria and New South WVales.
MARION MOTOR ACCIDENT Driver Again Before Court OBJECTION TO PROCEDURE [Newspaper Article] — News — 30 July 1923
MIOARif IOTOR ACCIDENT Driver Again Before Court OBJECTION TO PROCEDURE When the case against Cecil Stuart, in which he is charged with having negligently driven a motor car along the Marion. road on April 18, was called before Mr. Sabine, S.M., in the Adelaide Police Court today it was again adjourned to allow Mir. G. C. Ligertwood to instituite appeal proceed in_.s. Thoe matter at issue between Mr. C. A. Sanderv, of the Crown Law Office, w;ho )prosecuted, and Mr. Ligertwood, wnho defended, was whether the en torsement. of. the justices, who dis agreed at. he hearin- gof the case, amhounted to a dismissal or an azd journment. The. endorsement was, "Justices do not agree." The prosecution brought a fresh in formation against Stuai-t, and Mr. iligertx-ood submitted that a person cannot Ibe charged with an offence in connection with which he has already beeii acquitted. 'The Magistrate held that the plea did not stand, and MIr. Ligcrtwood Secured Ithe adjouiriment.to appeal against th...
PUSH FOR TRADE Fair Opens In April BRITISH GOODS ON VIEW (UNITED SERVICE.) LONDON, July 29. [Newspaper Article] — News — 30 July 1923
Fair Opens In April rsIs I: G0ooDS o O:N VIEW (UNITED SERVICE.) LONDON, July 29. The British Industries Fair, organised by the Overseas Trade Department, will be held at WVhite City, Slhepherd's Bush, from April 28 to May 9, 1924. In order to secure the benefit of the attendance of I)Dominion representatives presemnt at the Enipire Exhibition, with which it is not competitive, but complimentary, admission being restricted to bonat fide trade buyers. 'he Birminghan section of the fair will be- opened after the conclusion of the London fair.
TALE OF A COAT LEADS TO TROUBLE [Newspaper Article] — News — 30 July 1923
TALE OF A COAT LEADS TO TROUBLE Because she faied to make an entry in the "purchase book" on July 23 of one sac. coat, in the manner prescribed by law. Alice Mlaude Gosden, a licensed secondhand dealer of Port Adelaide. appeared before Mr. Halcombe. S;M.. this morning. She was ined £1 and £ 1 costs. Sublnspector Noblet said it was -the first offence of its kind in Port -Ade I laide. and he did not press for a heavy penalty. It was necessary that pawn brokers should be warned, especially because it was through the purchase boolk that many stolen articles were traced; t Gosden stated that the man from whom she purchased the coat was partly dirunk and the.manner in which he carried on so upset her .that when three Thdies came in a fe wmoments later to purchase the coat she-let them have it. On a further charge of. having failed to keep the coat for four days a cont viction without a penalty was recorded.
SINGAPORE BASE ADMIRAL TOSU'S VIEW Not Contrary To Agreement LONDON, July 29. [Newspaper Article] — News — 30 July 1923
-4---- SINGAPORE BASE A4DMIRAL TOSU'S VIEW Not Contrary Fo AgreemeutL (REUTER'S.) LONDON, July 29. Admiral Tosu, the Japanese Naval Atl tache, in an interview, .declared that the Singapore scneme was not contrary to the TWashington Ag eement. "Some of. m countrymen," he said, "see in the mnesure a sign that nig land is no.ldnger our friend. They do not realise that wre wouxld do the same if placed in ' similar position." Official opinion is considered to be that Anglo-Japanese amity is not in any way incompatible with the move.
INTERSTATE PRODUCE MARKET. [Newspaper Article] — News — 30 July 1923
INTERSTATE PRODUCE MARKET. ME'LBQURNE, Today.2-Oats, steady, ntil ling 3/Th% to 3/8, ocasionally 3/9; best feed. 3/6; inferior, no enquiry, 3/2; barley, English :maJting, 3/10 to 4/; Cape, 2/11 to 3/; pota toes, short supplies, prices rising; best car mens, £13 to £13 10/: good, £12 to £12 10/: onions, best. £4 to £4 5/.
ON 'CHANGE INVESTMENTS STEADY GOLD ISSUE ACTIVE [Newspaper Article] — News — 30 July 1923
0 'GCHANGE INVESTMENTS STEADY GOLD ISSUE ACTIVE Business fas fairly slack on the Exchange thi3 morning. Commconwealth Loans had trade reported in oonly two issues, the 4½ per cents. due 1925- at £97 12/6, and the 5 per cents maturing 1927 at £97 7/6. Investments had light turnover in Broken Hill Gas, 5/6; Nestles pref., 23/9; Goode, Durrant pref., 19/3; Colton Palmer & Preston ord., 28/6. Sales in wheat certificates were booked in D crop at 5-16d. No trade was done in copper stocks. Walla ro were offered at 26/3 and a buyer of Mount Lyell decI?red at 24/3. Banrier remained steady. Broken Hill sold at 2i8,/S. and British Australian were a shade better at 21/9. Norths had moderate turnover at 56/7'% and 8d/9, and Souths at 43/4½ and 43/3. Zinc Corporation ord firmed a point to 10/10. Gold stocks were agaain active. Lake View and Star firmed to 2/9½ on fair exchange, and Lloyd George were boughs at the steady price of 8/. Ives Reward and Browt Reward were almost unchanged. Muto...
Bagot, Shakes Issue New Shares Three Other Companies Discussed [Newspaper Article] — News — 30 July 1923
Bagot, Shakes Issue New Shares Three Other Companies Discussed (By Alexander Jobson.) , . Improvemnt of £17,000 in the net pro fits of Bagot, Shakes, & 'Lewis, Limited, to .44,400 in the March, 19235, year gives a special interest to the new issue of 100,000 £1 shares now being offered to the shareholders. These profits were the best on record and were sulicient to warrant the directors raising the divi· dend rate, paying 8 per cent. per an num for the last half of the year, which with the interim dividend of 6 per cent. per annum made the rate for the full year 7 per cent. per annmim. The amount distributed was £26,250, and as £1,000 was set aside for the ofil cers' providend fund, there remained £13,150 for reserves. These are consi derable, exceeding £116,000, and repre senting 3/10 per £1 share paid to 13/6. The shares are offered in the first in stance to the .existing shareholders, who are given the right to apply for not less than 50. As the terms of pay ment are easy...