Commerce, Mining, & Finance

Evening Star, Issue 22461, 5 October 1936, Page 7

Commerce, Mining, & Finance

THE SEARCH FOR GOLD BIG RIVER MINES The following report of Big River Gold Mines Ltd. relates to the week ended on September 28: — Repairs to the airway between Nos. 3 and 4 levels, including some filling at the head of the airway in No. 3 level, have been under way. No. 4 Level. —Stoping on the centre and south blocks is in progress. The reef in the former block appears to be splitting into two sections. The reef in the south block is supplying good quality stone. No. 5 Level.—This drive was advanced 15ft, making a total of 138 ft from the main shaft. During the period the mine did not work for one day owing to the exchanging of the cage in the winding cage in the north compartment of the main shaft for a reconditioned one. A total of 39 tons of stone was sent to the battery for the week. The monthly clean-up at the mill was to have taken place on Saturday. BENDIGO RISE AND SHINE A return of 12oz sdwt was obtained hy the Bendigo Rise and Shine Company for' the week ended September 30 Jrora 12 tons of ore. WORKSOP EXTENDED RETURN The return of the Worksop*Extended Gold Dredging Company Ltd. for the week ended on October 1 was 230 z for 130 hours’ dredging, 10,000yds of material being treated. GOLDEN SANDS DISPUTE [Per United Press Association.] GREYMOUTH, October 4. A representative meeting of the Dredge and Goldmine Workers’ Union, held to-day, decided that the workers ' at the Golden Sands claim should resume to-morrow under the present conditions, and that an endeavour be made, to have, the terms of the agreement, which was "reached in the Conciliation Council here recently, referred hack from the court to the Conciliation Council. WEST COAST DREDGES The Rimu dredge, which had been out of action since it partially capsized some time ago, recommenced operations last week, and has been working satisfactorily. The following is the Argo return for the week ended October 3:—Yield, 84oz; hours dredged, 130; yardage treated, 14,000. The Brian Boru dredge, which has been undergoing repairs and alterations for some time, has recommenced operations after a long suspension of dredging operations. The dredge is working intermittently for a week or two i ntil the motors and plant generally are run in. The plant is running satisfactorily, and the company will shortly be joining the list of dredges making regular returns. The Maori Gully dredge has now returned to the creek after working for about six weeks in a loop outside the area prospected. Entering the loop, the returns were much more than payable, but on the return they declined. Since .the present return the dredge has pulled to the other side of the fiat to square up the face, and when this is completed in a week or 10 days a wide face of the flat will be available for jvorking. ALEXANDER MINES 'Alexander Mines Limited report that the return for the month of September was as follows: —Battery department: •510 tons crushed for 3140 z 9dwt of melted gold. Cyanide department: 315 tons of sand treated for 750 z 18dwt of bullion. The total estimated value is £2,613. In addition, 12.3 tons of concentrates were saved, valued at £351. In estimating the above values gold has been taken at 140 s a fine ounce. WAItAHU RETURN The secretaries of the Waitahu Gold Milling Company Ltd. report that 520 z 6dwt have been won from a further partial wash-up of No. 9 paddock for 27 shifts of eight hours each. The previous wash-up was on September 21. This makes a total of 970 z 6dwt from j.hit paddock. COTTON, RUBBER, ETC. Press Association—By Telegraph—Copyright LONDON, October 3. Friday’s closing prices were as follow : Cotton.—Spot, 7.02 d per lb; November, 6.68 d. Rubber. Para, lOJd; plantation smoked, 7Jd. Jute.— £l7 ss. Copra. October-Novembcr, South Sea, £l3 10s; smoked, £l3 7s Cd; plantation, Rabaul, £l4 10s. Linseed oil, £27. Turpentine, 39s 6d.

THE MEAT MARKET SMITHFIELD PRICES [Per United Press Association.] WELLINGTON, October 3. The New Zealand Meat Producers’ Board advises that the following are the approximate average prices realised for the week based on actual transactions in wholesome quantities of the descriptions of the meat mentioned and for representative parcels of goods offering during the week, being for business done on the basis of meat delivered to the Smithfield market and/or ex London stores: — New Zealand Sheep.—Canterbury and North Island selected cross-bred wethers and maiden ewes: Under 481 b, 4Jd per lb; 48-5611), 43d; 57-641 b, 4]d; 65-721 b, 4|d. Ewes: Under 481 b, 4fd; 43-6411), 4d; 65-7211), 3|d. New Zealand Frozen Beef. Ox fores (145-2101 b), 23d per lb; os hinds (145-2101 b), 33d. Australian Frozen Beef.—Ox crops (145-2101 b), 2jjd per lb; ox hinds (1452101 b), Bid. New Zealand Chilled. —Hinds, s§d ; fores, 23d. Australian Chilled. Hinds (1452501 b), 5*3 per lb; crops (145-210 lb), 23d. Argentine Lambs. First quality: 361 b and under, 7d per lb; 37-421 b, 6]d. New Zealand Lambs.—Canterbury: First quality—36lb and under 7ld per lb, 37-421 b 7£d, 43-501 b, 6Jd; second quality—average about 311 b, 7d. Other South’ Island: 361 b and under, 73d per lb; 37-421 b, 73d; 43-501 b, 6]d. Selected North Island, including Downs: 361 b and under, 7jjd; 37-421 b, 7id; 43-sQlb, 6]d; second quality—average about 301 b. 73d. Other North Island: First quality—36lb and under 7Jd, 37-421 b 73d; second quality—average about 311 b, 6|d. Southern Rhodesia Chilled. —Hinds (145-2101 b), 53d per lb; fores (1452101 b), 2id. Argentine Chilled Beef.—Ox hinds (145-2101 b), 6d per lb; ox fores (1452101 b); 3|d. Uruguayan Chilled. —Hinds, s|d per lb; fores, 23d. New Zealand Pigs.—First quality: 60-80 lb, 63d per lb; 81-1001 b, 63d; 101-1201 b, 6|d. Prime baconers; 1211601 b, 6jd. Lamb Market. Steady and unchanged. Mutton Market.—Wethers steady and unchanged; ewes firm, with the prices of light-weights slightly better. _ Beef Market.—Frozen beef quiet and unchanged; chilled beef firm, with fores at slightly nigher prices. New Zealand porker pigs are meeting with good trade at unchanged prices. Baconer pigs are nominal, and stocks are short. SYDNEY STOGK EXCHANGE Press Association—-By Telegraph—Copyright SYDNEY, October 3. £ s. d. Commonwealth Bonds—

DOMINION WHEAT CHOP ONLY 5 PER CENT. UNSOLD [Per United Press Association.] CHRISTCHURCH,v October 4. According to figures supplied by the Minister of Industries and Commerce (Mr Sullivan), less than 5 per cent, of the Dominion’s total wheat crop has still to be disposed l of by growers. This 5 per cent, amounts to about 600,000 bushels. Of this total probably half is in growers’ hands, the balance being held by merchants. CITY PROPERTY MARKET THINGS VERY QUIET AWAITING GOVERNMENT SCHEME [Per United Press Association.] .WELLINGTON, October 3. "During the past 12 months conditions in the real estate business have been somewhat erratic,” states the report of the chairman (Mr R. P. M'Craeken) to the annual meeting of the Estate Institute of New Zealand. “ There has been general activity recently in sales of farming properties in country districts, and values seem to be firm, no doubt occasioned by the introduction of the guaranteed price policy of the Government. “ City business fluctuated very much and has been very quiet during the last mo "fhs,” the report continues. ‘ Probably many who would normally be buying sections to build have been waiting to see what the Government’s policy in this direction will be, and are also hoping to take advantage of cheap loans from the State Advances Corporation. It is to be hoped that the position will soon be clarified, confidence restored, and normal conditions obtaining again, as the most satisfactory period for all is one whore steady trading results rather than alternate periods of slump and boom.”

3] p.c., 1948 ... 96 12 6 3J p.c., 1951 ... 98 10 0 4 p.c., 19.18 ... 102 6 3 4 p.c., 1941 ... 102 7 6 4 p.c., 1944 102 15 0 4 p.c., 1947 101 0 I) 4 p.c., 1951 101 15 0 4 p.c., 1957 102 7 6 Anthony Hordern 0 18 6 British Tobacco ... 2 3 (5 Broken Hill Pty. new) 2 17 9 Burns, Philp 3 U 9 Colonial Sugar ... ... 43 10 0 Goldsbrough, Mort 1 13 10] Millaquin Sugar ... 2 2 9 Morris Hedstrom 1 6 0