MINING

Press, Volume LXXI, Issue 21415, 6 March 1935, Page 13

MINING

STAFFORD DREDGING The return of the Stafford dredge was 650z for 189 hours' work, from 13,010 cubic yards of material. GILLESPIE'S BEACH J The secretary of the Gillespie's Beach Gold Dredging Company, Ltd., j advises that the wash-up for the week ended Saturday amounted to 61oz 6dwt for 102 hours. BIG RIVER RETURN j The Big River return is as follows: Battery department: Two hundred and seventy-one tons of ore were crushed for 2510z 14dwt melted gold. Cyanide department; Three hundred tons of sands were treated for 31oz 16dwt bullion. Total estimated I value, £2126 ss. In addition, four! tons lOcwt of concentrates have been ! saved, valued at £135. In estimating! the values, gold lias been taken atj 150s a line ounce. ' MAORI GULLY DREDGE The' engineer to the Maori Gully Company reported on March 2 that during the week good progress had been made with the erection of the dredge. The gold tables were nearly completed on the port side, and most of the framework was in position on the starboard side. Work on the water supply pipes and launders was well advanced. The stacker had been put in position and many small jobs I that invariably crop up near the fin- j ish were receiving attention. j OKARITO UEI'ORT The following Okarito report re- : lat.es to the four weeks from January I 27 to .February 23: Total gold won, j 13-loz 3dwt; total lime worked, 421 j hours; total non-working lime, 155 j hours < including 80 hours' stoppage j for overhaul); total yardage treated, j 23,500; average value of ground (on! basis of S°ld worth £1 an ounce! j 4.5 pence a cubic yard. ; HELL JIOOI'ER REPORT I I i No. 2 tunnel was advanced 12.1 feet, total 803.'. feet, frr:ni the entrance. The | turn in the funnel has now been j completed and its direction for the I future will be (if) degrees east of j north. AUSTRALIAN PRICE OK GOLDJ The price lixed by the Common-; wealth IJank for gold. including | jewellery, lodged at the Melbourne; Mint for the week ended I'Ybruary \ 22, was a! flu- rale of approximately; .Ll' 2s .'ld a standard ounce '22; carats', equal to a premium of K)o.i.'2 per cent. Payment is made accord in 1 , to the a.s-ay value of the gold. The: price an ounce tine is ,18 17s (id.' Since February 22. the price a tine; ounce has increased by Is, so that the ; equivalent value in Australia would exceed i.-o PRICE OF GOLD NEW HIGH LEVEL a :.i ;t,i> itk-s \ssmuvi ('■'. r.; K.i.r.i , i;u 1T.1.F..J1! M'll- -COI'YKMUI i .1 j LONDON, March -1. j Cold a line ounce is quoted at. £7 ! 3s lOd, aii increase of Is I'.d, and a new record. j Quotations 'a line ounce) are: £ s. d. March 4 . . 7 ,'! 10 March 2 . . 7 (i 10.', ! February 23 ..741 | February 27 ..73111 j February 2(i ..73 iP. | February 25 .. 7 3 ft/. I February 23 .. 7 3 11" February 20 ..72 IP, j PRICE OF SILVER j LONDON. March 4. j Silver (pence an ounce) is: quoted:--: Feb. 14. Mar. 4 Spot . . 2'4f; 27i Forward .. 24:; 27 3-10 METALS MARKET (cnitkji i'i;e« assim i.vi i":; -1 -. v r.i.Ki'nuc rKi.maiAi'ii—cDi'viimii'i .1 LONDON, .Man], I. Mnrcli I. IM ni-i-li I. ; -. .1. i s. (1. C 0,!,.,., slaMllar.l. -pn' 27 i >'< J"' 2.S * 1j lou-wiii-.i l'-i i ia 2s :; I j i:ieeirotvtie . . ::t ') n :: l 100 in :; l id a :i2 o o U'iro Ixirs ::i in n ::ts o 0 American eleclroU I ic: 1) cents per Hi. U'iMl S||i)l . . in :"> (i H> li '■'• Korwaid . . 11l ."> 7.1 HI 12 (i Spelter Snol .. !i 7 ii ii 11 :: forward .. lilt !i II Hi it Till Spot . . 22H Hi (I HI!) U> (1 Kin-ward ..21.", 7 (i -J 15 7 0 Sihci— Kino, jur (./.. . . '.Hi 1-1 <id 2"1<1 SUamlard, porn/, 2S' ( d 2<P,d RANGIORA STOCK SALE I Tin- v.-mlim: of store slicc]> v:f n fairly j -.,.,,1 urn: ai l!,e weekly market, yesterday. I Kill slieep worn in short, supply. I'rio":s for I'ii I Intnlis mid wi-t lic.i-.-j showed a rise on l.c-1 nnil prices showed an onsiic; tendency. Very few on 11 In uiire yarded, and these were hard lo di.-pose of. Tliore was ;>. eood atlenduneo of huyers. Slicep—Fat lainlis sold from ] (is Hd to 20s fid, flit owes up to 1 Is (id, fat welhers. from 21s to Sss od, Morn lambs from Mrs lid In los ::d, two-loolli welhers up lo His (id, anil acjod owes from .Is :;d lo lis. I'i.-s —Porkers hrimeJH from 27s lid to 4"s Cil, Inrjcc stores from 22s lo 2(is lid. medium storos 20s to 22p, uoaners from Kls Od to Ins, small weanors from lis to 12s. Cattle —An IS-mnnlhs-old heifer Willi ralf hroiiitlit £2 ss, and a dry row 225.