COMMERCIAL.

Press, Volume LXVIII, Issue 20647, 9 September 1932, Page 15

COMMERCIAL.

CONTINUED. MINING. GOLCONDA COMPANY. Tho mine manager's report for the week ending September 3rd is as follows : During tho week the following work has been in progress: We have extended the crosscut 20 feet, total 27 teet. Next week we should be in eloso proximity to the reef system. Tho country took is practically tho same where tho rich patches were met with in the earlier days. BIG RIVER GOLD MINES. Report for month ending August 3Jst:— No. 1 Adit Level: South West Branch off West Crosscut at 220 ft from shaft. Extended 55 feet, total Co feet from crosscut. The country passed through consisted of nice soft; slates, and a little quartz has been met with from time to time on the lode track which the drive is following. Winze on Jones's Reef at 60 fcofc from shaft sunk and timbered a further distance of 24 feet, total 68 leet. The lode gradually increased in width to over 5 feet of clean solid quartz, and fine gold was visible in the stone. Fair prospects were also obtained by panning. At 64 feet a fault made its appearance in tlie South East end of the winze-Acutting the stone off in that direction. This fault is pitching towards tho north eastward, und the ore body is also pitching in that direction. After sinking to 68 feet an intermediate drive is being opened out to test the length of the ore about the north-westward. Rise on Mineral Lode at 194 feet from shaft: A rise was put up on this lode for a distance of 10 feet in low grade ore, and development work at this point was temporarily suspended. No. 3 Level: The main east branch drive wan cleaned out and retimbered a further distance of J32 feet, total 213 feet: from shaft, at which point the original face was reached. Work is being continued in new country and the drive is now in 217 feet from shaft. Favourable looking elate country is being passed through, and several bunches of quartz havo been met with. The main north branch drive was reopened at chamber, and after passing through 15 feet of badly caved, ground was cleaned out and retimbered to 38 feet from shaft. The face is again in heavily caved ground, and a further distance of 22 feet remains to be picked up and retimbered before crosscutting for Jones's reef can be commenced.

PRAIRIE WHEAT. YIELD IN WESTERN CANADA. (CKI'XEU PKKSb ASSOCIATION—AY ELECTISIC TELEGHAPH— COPYRIGHT.) • WINNIPEG, September 7. It is estimated that the Western Canadian vrhcat crop will be 426,813,000 PRICE OF GOLD. LONDON, September 7. Gold (per lino ounce) is quoted as follows: — £ e. d. Soptcmber 7th .. 518 3 September 6th .. 5 18 6 September sth .. 518 4 PRICE OF SILVER. (BRITISH OFIIOIAL WIBELESB.) ('Received September Bth, 5.5 p.m.) RUGBY, September 7. Silver (penci« per ounce) is quoted as follows: — • Sopt. 6. Sept. 7. d. d. Spot •• 18 13-16 18 0-16 Forward .. 1815-16 18 11-16 FOREIGN EXCHANGES.

AUSTRALIAN PRODUCE. SYDNEY MARKETS. (UWTEP I>R»8B ASSOCIATION—ST ELECTHIO TELEGBAPH —COPTIMGHT.) (Received September Bth, 7.5 p.m.) SYDNEY, September 8. Ir. the local wheat trade to-day sihV lata were offered at 3» G>d a bushel, but the buyors' limit was 3b 6d for bagged wheat, which is valued nominally at 3a Bd. Supplies were scarce and country prices slackened a penny to 2a 9d on sidings, equal to 3s Id ex trucks at Sydnev. Flour-£lO 10b. Bran and Pollard— £s 10a. Potatoes—Tasmanian, £1; Victorian, £5 10a. Onions—American, £3l; Japanese, £27 per ton._^ OaTen Hay—Prime, £7. Maize—Yellow, 5s 4d; white. 4fl Bd. ADELAIDE MARKETS. (Received September 6th, 9.16 p.m.) ADELAIDE, September S. Wheat—Growers' lots, 3s 31d. Flour—Bakers' lots, £8 sa. Bran—-£5 ss. Pollard—£=i 13s. Oats—ls Od.

NEW ZEALAND MEAT.

BRITISH RAILWAY TRANSPORT. (noii ovra. own cobrespoxdent.) LONDON, August 6. Mr J. C. Starap, of Euston* Station, in a letter to "The Times Trade Supplement," refers to the subject of the transport of New Zealand meat by railway. Be bases bis remarks upon fch<a report published by tb» Food la-

vestigation Board on the freezing, stor-. age, and- transport of New Zealand lamb. "While it would appear (he says) that the observations in question have reference mainly to local transport in railway waggons over dock lines from ship's side to cold store in the same port, I should like to point out that the main line railway companies are able to offer facilities for the transKrt of meat traffic equal to those given _ any other form of transport, and in some cases superior. Special -railway container* convev meat from ahip> side *• distort ooW

stores without intermediate hfrndJipgl and with adequate insulation front atmospheric conditions, while recent experiments in. regard to refrigeration point the way to further improvements in the preoooling of vehicles wad tb» maintenance throughout the journey <# low temperatures such as are required for the satisfactory- transport of New Zealand meat. In the matter of time in transit, the railway companies afford servioto giving delivery at distant destination* early in the morning of the d*jr offM dispasbaW

(EftlTISJ omciAl- WIRELESS.) (Itoceivod September 8th , 5.5 p.m.) RUGBY, September 7. Par. Sept. 6. Bspt. 7. Paris, t'r. to ill l.'i.ai 83 25-32• 891 New York, dol. to i'L •1.866 3.48J 3-*9| Montreal, dol. to £1 4.mi 3,82 3.84 Brussels, belgas to £1 35 25.09* 25.224 Geneva, fr. to £1 .. 35.2215 18.00J 18.0»i Amsterdam, fl. to £1 12.107 8.064 8.70* Milan, lire to £\ 93.43 672 684 Berlin, icichmarien to £1 .. 20.43 14.631 14.70 Stockholm, kr. to £1 18.159 19.47J 19.47J (.'openhagen, kr. to £1 18.153 W.EO 19.30 Oslo, kr. to £1 18.159 ia. 95 19.U5 Prague, kr. to £1 104.25 . 1171 118 Vienna, schgs. to £1 34.585 29* 29J (noin.) (nam.) Iiclsingfors, marks to £1 .. 193.23 232J 233} Madrid, pesetas to £\ 55.2215 431 43 7-16 Allien?, drach to £1 375 5521 562J Lisbon, cscudos lo .■£1 110 110 110 Bucharest, lei to £1 818.6 590 590 Belgrade, dinars 25.2215 225 535 Rio de Janeiro, pence fo milrcis 6.S93 5 1-16 5 3-16 (nom.) (nom.) Buenos Aires, pence to dol. 47.377 nom. nom, Monte Video, ponce to dol. 51 30 30 (nom.) (nom.) Bataviu, guilder 12.107 8.75 — Bombay. pence to rupee 18 18 9-64 18 9-64 Shanghai, pence to tad * 21 15-1G ' 21 13-16 Honr? Kong, pence to dol. ' .. ♦ 16S lfii Yokohama, pence to yen 2-1.5fi 10 1G S-16 * Determined bi r price of silver