COMMERCIAL

Nelson Evening Mail, Volume LXIV, 21 January 1931, Page 10

COMMERCIAL

BLENHEIM OIL BORE (By Telegraph—Press Association) NEW PLYMOUTH. 20Ui January. The Blenheim Oil Well Company reports: “Baling operation proceeding; good showing of oil. Bailer lost on 19th. recovered o;i 201 li. Depth of well 2152 ft; gas very active.” DAIRY PRODUCE, TALI.OW AND WOOL MARKETS N.Z. Loan and Mercantile Agency Co., Ltd., have received Uje following advice from their London office dated 14th inst: — Dairy Produce. —Butler, New Zealand choicest salted 116 s per cwt (117 s to 118 s). Market quiet. Cheese, 57s to 57s (white 595, coloured 58). Market steady. Tallow.- —Fine mutton 26s 6d per cwt (29s 6d per cwt); good beef 23s 6d (295); mixed 22s 6d (25s 6d). Nominal quotations. 'Market inactive. Wool Sales —List closed 12th January. Ruapehu, Somerset, lluahine, Tainui, Hertford, llangilane available. MAIIAKIPAWA MINE (By Telegraph—Special to “The Mail”) CHRISTCHURCH. This Day. Mr J. It. Templin, chairman of directors of the Mahakipawa Goldfields, Ltd., has returned from a visit to the mine. He reports (hat dewatering operations were completed on 10th January, and the machinery is all operating. Mining operations were commenced on 14th January with a limited number of miners, the manager advising that although there is plenty of general labour offering there is room for an additional number of practical miners as there are a number of faces that can be worked when more miners are available. After consultation with Mr Barrance, mine manager, it was decided to put a drive in lrom a point near the shaft direct to No. 3 bore, which proved so rich in the original boring of the field. This drive will enable the company to prove the value of this ground at a minimum of expense and will dispense with the necessity of deepening the shaft. Men arc now extracting wash from the wing shaft which gave good values when samples were taken during inspection last- September. The first waslnip since the reopening of tho mine will be made at the end of the present month and the returns will bo published.