MINING

Press, Volume LXIX, Issue 20957, 11 September 1933, Page 13

MINING

ALEXANDER MINES DIVIDEND (sl't'.'Ut, TO THE I'lU'.^.l REEFTON. September f). Alexander Miner,. Ltd., has declared a dividend ((he ninth) of Is on all shares, representing a distribution of £3750, free of income t?x. payable to shareholders on the register on September 20. Transfer books close on September 22 to 29 (inclusive i. I The subscribed capital of the company is £OO,OOO. Tne annual report for the year ending May ill stated that during that period six dividends, representing a total distribution of £22,500, tree of income tax. had been paid. The present dividend is the second this year.J NEW ZEALAND MINES, .'/ID. Advice has been received from Alluvial Gold Limited that this company has now arranged the personnel o) the staff to conduct boring operations on the properties of New Zealand Mines, Ltd., in the Nevis Valley, Central Otago. Major A. J. Peterson, D.5.0., 8.E.. B.Sc, who previously reported upon the properties for Alluvial Gold Limited, has been instructed by that company to return from New Guinea . nd to proceed immediately to the Nevis to supervise the boring programme. Major Peterson will be accompanied by two boring experts. Alluvial Gold Limited is sending to the property its own boring plant, and the intention is to commence work as soon as the season permits. IJELL-KILGOUR COMPANY The secretary of the Bell-ICilgour Gold Milling Company reports that good progress is being made with the retimbcring, straightening, and regrading of the main drive. The drive is being taken in at a much Hatter grade, and when the northern face is reached the floor of the drive will be about five feet lower than the original drive. The indications are that the wash is dipping in a nort' westerly direction, and it will be a a.olinct advantage to have the main drive at this lower level to deal with any water that may be encountered. Up to the present, little water has been met with. The lowering of the grade of the drive has resulted in most of the work being done in sandstone. This will delay the extraction of the wash for a few weeks, but this delay will be more than compensated for by the advantages gained in the future by better drainage. The treatment plant for the wash will be ready for use in about two weeks' time. FROZEN MEAT SMITHFIELD MARKET The New Zealand Meat Producers' Board has received the following cable message from its London office, dated September 8, advising that the following are the approximate average prices realised for the week based on actual transactions of wholesale quantities of the descriptions of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis ot delivered to Smithtield Market and/or ex London stores:— (Prices for the two previous weeks are also shown.) Per lb. Sept. Sept. Aug. «. 1. 25.' d. d. d.

Lamb Market—Quietly steady. Consumption satisfactory, but is now feeling usual competition home-killed lamb. Mutton Market —Wethers and ewes meeting with fair demand, with prices unchanged. Beef Market—Quiet. New Zealand Porker Pigs—Demand improving, but affected by warm weather. New Zealand Baconer Pigs—Steady, with prices unchanged.

The Bfiiik of New Zealand has received the following advice from its London office as at the close of business last week:— Frozen Meat —The market for wethers is steady. The market for ewes is quiet and unchanged. There is a moderate demand for lambs and prices are firm.

N.Z. Sheep--Canterbury & North Island selected crossbred wethers and maiden ewes: 43 to 561b 4j 4 J 4i 57 to G41b 4{ 41 4£ 65 to 721b 4 4 3£ North Island— 40 to 561b 5g 43 4| 57 to 641b 4J 4£ 4 65 to 721b 3g 31 3J Ewes — 481b and under 3:1 32 33 48 to 641b 3A 31 3 it 65 to 721b 3jj 32 3A N.Z. LambsCanterbury: 361b and under 7i 7J 7i 37 to 421b 7A Ik 7» 43 to 501b 6] 6.; 61 Second quality: Average, 321b .. 7 7 7 Other South Island brands— 361b and under 7J 7£ 7i 37 to 421b 71 7£ 7£ 43 to 501b 61 6.1 6.1 Selected North Island brands, including Downs: 361b and under 73 7{ 7'l 37 to 421b 7' 7i 7i 43 to 501b 6'i 6i 6i Second quality: Average, 321b .. 7 7 7 Other North Island brands— First quality: 361b and under 7 7 7 37 to 421b Gl 6i 61 Second quality: Average, 321b .. 6i 6J 0s 7 Argentine LambFirst quality: 361b and under 61 6-', 6 J 37 to 421b eg 62 62 New Zealand Beef — Ox fores 2i 21 2JS Ox hinds 2 3 2J Argentine Chilled Beef- - Ox fores 21 3 3i Ox hinds 51 5 A 6i; Australian Frozen Beef— Ojc crops, over 1001b 2,2 22 2;; Ox hinds, over 1601b 3£ 31, 3£ N.Z. Prime Porker Pigs — 60 to 801b 6 54 51 81 to 1001b 5\ 5 \ 5 101 to 1201b 5-i 5] 43 N.Z. Baconer Pigs— 120 to 1601b 52 5:1 5i

Per lb. Wether.*— d. d. Light 4i to 5il Heavy .. 3U to ?>l Ewes .. 2J to 3:; Lambs — 2's .. 7 to 7', 8's .. 6£ to 7£ 4's .. 6 to 6J Seconds .. 62 to 7