MINING.

Auckland Star, Volume LXXI, Issue 223, 19 September 1940, Page 4

MINING.

EMPEROR AND LOLOMA. Emperor Mines, Limited, report that 10,098 tons were crushed during the four weeks ended September 4 for a yield of 2845 ounces of fine gold In addition 808 ounces of fine gold was recovered from partial treatment of concentrates, making a total of 3653 fine ounces. The head value was 7.ldwt and the residue value l.Odwt. In addition the mine plant treated 1032 tons of customs ore. . . . „ Loloma return for the four weeks ended September 4, from 2527 long tons, was 3361 ounces of fine gold. The head value was 27.7dwt a ton and the residue l.ldwt. CLUTHA RIVER, 660 OUNCES. The final return for last week from the Clutha River Gold Dredging Company's dredge proved a surprise when It was found that 660 ounces had been recovered from 123 hours' working. The company's returns lately have mostly been In tne vicinity of 50 ounces a week. At the oresent time the dredge is undergoing certain alterations to enable it to work the flats of the river valley, and Is dredging on tribute from the Molyneux River Dredging Company. It Is working on a portion of the river, not far from Alexandra, which has been dredged more than once by other machines, and it Is not altogether easy to understand why such a pocket, if pocket it was, had not been picked up before. The water was not deep at the place where the dredge was working, and there was no reason to suppose that a rich return might be obtained. HIGHER SUGAR PRICES. BRITAIN'S EMPIRE SUPPLIES. (Rccd. 11.30 a.m.) LONDON, Sept. 18. Replying to a request for an explanation of the recent increase In the total price of sugar when the world price was continually falling, and also when the new Cuban price was under ',id a pound, prime cost, the Parliamentary Under-Secretary lor Food, Mr. R. I. Boothbay, in the House of Commons said sugar supplies for Britain were drawn mainly from the Empire. Purchases of Cuban sugar were relatively smalt. The recent Increase In the retail price was due to Increases In cost of raw sugar, and to freight. Insurance, refining and storage charges. WOOL PRICES RAISED. ■ » ?lHw HOME AND EXPORT RATES. (Rec. 1 p.m.) LONDON, Sept. 18. The Wool Control has announced that the Home issue price has been increased by 4 per cent lor wool and 6 per cent for tops. The Increases are due to freight costs and marine Insurance charges. Export Issue prices have been similarly Increased. Bradford has increased its Issue prices. Immediately affecting the yarn market. Spinners' Quotations are advancing accordingly. N.Z. POTATOES NEEDED.. SHORTAGE IN SYDNEY. (Ree. 1.30 p.m.) SYDNEY, this day. Sydney produce merchants state that there is immediate need for further supplies, of New Zealand potatoes in Sydney. Shipments of Tasmanian potatoes to Sydney during the next few w.eeks are expected, to be very light and it is feared thai? a shortage will develop 11 New Zealand supplies are not forthcoming.