MINING

Press, Volume LXIX, Issue 20986, 14 October 1933, Page 11

MINING

WEST COAST DIVIDENDS Two West Coast mines—Alexander and Blackwater—have returned to shareholders within the last 18 months dividends aggregating £83,700. Alexander has paid on its capital of £60,050 dividends of 9s a share, a total of £33,750. Blackwater Mines, Ltd., has returned 2s 6d a share on its capital ot £250,000, or £31,250. Consolidated Goldnelds, Ltd., is a holding company with shares in Blackwater Mines, and shareholders received Is 3d a share on the capital of £300,000, or £18,700. Both the Blackwater and Consolidated dividends are in English currency. An interim dividend is expected shortly in both these companies. Income tax and gold export tax represent a substantial sum over and above the dividend distributions. GOLDEN DAWN RETURN The Golden Dawn return for 12 days, ending October 7, was £679 from 280 tons of ore crushed, gold at £4 an ounce. At the current price of gold, plus exchange, the return is equivalent to approximately £llOO.

LAWSON'S FLAT GOLD SLUICING COMPANY The mine manager's report states that during the period from September 26 to October 10 approximately 8500 cubic yards of wash and 500 cubic yards of bottom were sluiced. The greater proportion was from the •remains of the conglomerate bar containing low values, which was broken through during the previous period, and the remainder was from the new cut on the right-hand side of No. 2 face, which was opened up at the end of last month. In his report, circulated recently to shareholders. Mr John Henderson stated that the wash in the new cut contains better values. The gold won during the period to October 10 amounted to 420z 6dwt of retorted gold. The average amount of material treated was approximately 30 yards an hour, as compared with 40 yards an hour for the previous period, as stated in Mr Henderson's report. The reduction is accounted for by the fact that the return water system was closed down for a period of three days while alterations were being made to increase efficiency. The return of retorted gold for the period ended September 26, was 25ioz, approximately Bioz being from No. 1 face, where the bench for the new pipe line is practically completed, and sluicing operations will soon be commenced Work is being concentrated principally on No. 2 face, and when the more efficient stoning plant, strongly recommended by Mr Henderson in his report to shareholders, has been installed, the result should be an in- j crease in the yardage treated and a reduction in labour costs. The next wtish up will take place about October 20.

MAHAKIPAWA GOLDFIELDS The mine manager's report for the period September 1 to September 12 is as follows: — No. 12 East Crosscut —This was advanced a total of 95 feet east, when the bottom rock which had been rising faster for the last 20 feet jumped up 4 feet and appears to be forming the east siding. We then turned south and have advanced 10 feet in this direction, the bottom continuing high on the east side of the drive. The wash passed through is stony but contains no gold values. No. 2 South drive —This was extended a further 4 feet, making a total of 121 feet south of No. 11 East crosscut. There is 4 feet of bottom rock showing in this face, upon which dark cement wash lies containing no gold values. Bottom rock and cement are very hard. At 105 feet south we have started a test rise to see if there is payable wash above this dark cement. Blocking strips are being run east and west of No. 1 North drive, off No. 11 east crosscut in fair to at times good nrrade wash. The prospecting drive at 66 feet north of the shaft crosscut has been continued for 36 feet west to within 8 feet of the shaft. We are restricting the blocking out here so as to leave a shell of solid ground around the shaft and chamber. Occasionally exceptionally rich pot-holes are found in the bottom rock in this confined area. On Monday afternoon, at 30 feet west, we cleaned out one pothole 24 inches in diameter by 18 inches deep, from which we secured over half this week's return of gold. The return on October 10 was 45 ounces 2dwt alluvial gold.

BROKEN HILL PROPRIETARY (PiSESS ASSOCIATION TELEGRAM.) WELLINGTON, October 13. Broken Hill Proprietary, Limited, has advised the Stock Exchange Association that the directors have declared a half-yearly dividend of Is a share, payable in Australian currency, on November 15. . Transfer books will be closing on October 25. KING SOLOMON WASH-UP (VKBSS ASSOCIATION TEt,E(JBAiI ) INVERCARGILL, October 13. The wash-up, at the King Solomon mine for the week totalled 91oz 14dwt. GOLDFIELDS DREDGING CO. (FJtESS ASSOCIATION TZLIOBAM.) DUNEDIN, October 13. The Goldfields Dredging Company reports a return for the week ended to-day of 240z for 126 hours. FRESHFORD RETURN (PKB33 ASSOCTATIOH TSLEOaAtf I INVERCARGILL, October 13. The Freshford return for the week was 15|oz.

REPORTED GOLD FIND NEAR THAMES

ON RANGES BEHIND PURIRI [THE PEBSS Special Service.] WELLINGTON, October 13. Persistent rumours that there had been a rich strike of gold on the ranges behind Puriri (near Thames) were confirmed to-day by the chairman of a Wellington gold mining syndicate. The syndicate's property contains huge masses of proved goldbearing ore, and for some time past the syndicate has been carrying out prospecting and testing work preparatory to developing the ore bodies on a comprehensive mass production basis usually referred to as "low grade." The field engineer recently advised that testing operations had disclosed an enriched zone of ore. Samples taken gave very high assay values, and subsequent investigations have strongly indicated that the extent of the zone is considerable. Closer tests are at present being made by driving, crosscutting, etc., to determine the tonnage and average value of the ore. The chairman remarked that while the syndicate was naturally pleased with the discovery of the rich zone, it is really of secondary importance compared with the main object of the work being done, which was to prove the existence of huge tonnages of ore averaging shillings, not pounds, a ton, so as to warrant the installation of modern mass production machinery capable of handling something like 7000 to 10,000 tons of ore a day. The disclosures to date are regarded as most encouraging, and the developments are being watched with considerable interest. SYDNEY WOOL SALES WEEK'S RANGE OF VALUES (UNITED PRESS ASSOCIATION—BIT EL2CTIUC TELKOIUrit—COPTBIOHT.) SYDNEY, October 12. The average wool prices current at this week's Sydney auctions were:—

LONDON REVIEW TREND TO HIGHER ACTIVITY LONDON, October 12. Commenting on the wool sales, the "Financial News" says: The closing sale of the London series proved that there is a general i.emand for urgent requirements. It is a considerable achievement for London to clear its stocks so advantageour y in view of the slight decline in the Australian markets. The general trade trend appears to be toward a higher level of activity with wool participating in the general recovery.

BRADFORD TOPS A QUIET MARKET LONDON, October 12. The Bradford tops market is very quiet, any change favouring buyers.

MISCELLANEOUS SALE Hutchinson, White, Ltd., report improved enquiry for good household furniture. At the weekly sale prices realised included:— Eight-piece suite £5 15b, box ottornnn £1 Va 6d, extension table £2 10s, rocker chair ss, screen £1 ss, china cabinet £3 7s Gd, 1 Nedham organ £5, 3 bridge tables £2 2s, kerb 8s Gd, bedroom suite £7, electric iron 12s 6d, 3 duchesse chests £9 ss, easy chair £4 10s, ditto £-1 ss, bedding £ls 10s, settee £3. chest drawers £1 10s, mirror £1 ss, tabic 10s, three tea-waggons £3 ss, push-chair £1 12s 6d, 1 single oak bed £2 15s, carpet runner £G 10s, 2 seagrass chairs £1 7s, 1 office safe £l2, glory box 15s, mirror £1 2s fid, cane chair £l, fishing rods and sundries £2 16s, 4-pioee suite £5 10s, hall seat 5a Od, 1 large mirror £2 17s tid, lawnmower £2 ss, 1 safe £l3, 1 sowing machine £3 3s. 1 organ £lO, large «afo £l4, 1 antique table £3 ss, piano £lO, ditto £lO 10s, 1 oak table £1 ss. easy chair £1 7s 6d, Rugby Sedan car £25, oak duchesse £1 17s Gd, ditto £2 2s Gd, 3-pieco chesterfield suite £l2 12s, long mirror Cs, H.M.V. portable gramophone £1 7s, kitchen utensils 17s Gd, eiderdown 15s, blankets and bedding £3 10s, carpet runner £1 sb, garden tools 16s 6d. Hutchinson, White, Ltd., also report an auction sale on account of Mr W. Armitage, as liquidator of Now Dainties, Ltd. There was a complete clearance of the plant and stock at satisfactory prices, which Included: —Sedan Ford car .£B, scales £2 6s, Hutchinson scales £4, steel trays £4 ss, drop roller machine £1 7s Gd, ditto £2 ss, Fennett machine £2, rollers £2, power drop roller machine £5, benches £3 10s, ossences £4 ss, boxes £2 ss, paper £3, coppers £2 4s, raw materials £5 10s.

SALE OF FURNITURE The Railway Auction Yards report the following prices at their v/eekly auction sale, and privately:—Seven yards floorcovering £1 7s sd, table 10s, cushion 7a Gd, dnchessn £1 7s Gd, single bed and wire £1 J2s Gd chest drawers £1 ss, clock 32s Gd. couch and squab £1 ss, coir mnt 4s 6d. kerb 7s 6d, wardrobe £2 10s, Bideboard £2. 1 bed and box mattress £1 ss, chair 6b 6d, table 10s, 4-piece rosewood finished bedroom suite complete with wiro £l2 10s, chesterfield suite £l4, reversible carpet £3 17s Gd, tea waggon 27s 6d, pedestal 14s Gd, 5 chairs 15s, table 7s 6d, dressmaker's model 5s 6d, Rtrctcher 153, duvhesse £1 17s Gd; single bed and wire £1 7s 6d, double, kapoc mattress £1 12s 6d, 2 pillows 7,8 6d, table 15s, ditto £l, 3 yardß floor-covering lis 9d, cutlery £1 ss, Singer sewing machine £9 10s, colonial couch 12s 6d, ditto 15s, table £4, cot mattress lis iid, duchesse £2 18s 6d, chesterfield £2 10s, 4 sheets S-p!y 18b, bicycle £2, 2 tins paint 14s, wallpaper £3 16s, pair steps 6s, lawnmower 12s 6d, ditto 17s 6d, Heathcote cooker 9s, sundry bedding-out plants £5 4a Cd, shop fixture £4, iron gate 10s, separator £2 10s, glasshouse timber and sheets glass 15s, counter £l, show case £1 ss, separator £l, counter £1 10s, 5 blinds 10s, 5 sheets 3-ply £1 2s 6d, single horse trees Bs 6d, P. and D. cultivator £B, trap 30s, wheelbarrows 255, ditto 18s, ditto 12s 6d, separator d£s, set gig harness £2 7s 6d, dr. collars 37s Gd, 2 pair winkers 30s, single harrow 22s 6d, separator £4, ladder 15s, chaff 2s Gd to 3s, straw Is, oats 8s to 10s Gd, wheat 10s to 13«, barley 8s to 9s, seed potatoes pa (o 6s, tables ss.to 6s. ■• I

Greasy Merino I Fleece — d. d. Best to 232 Light, seedy, or burry best 18 to 19 Good .. 16J to 17J Average .. 14 to 16 Burry, best ,. 15 to 16 Inferior „. 11 to 13 Broken and First Pieces— Burry 14J to 15J Inferior lOi to 11J BelliesLight, seedy, or burry best to 11 Inferior .. 7 to 8 LocksBest to 81 Lambs, light, seedy, or burry, best to 16 Good 11 to 12 Burry 9 to 10 Inferior 4 to 4i Comeback Fleece :— Light, seedy, or burry, good 16 to 19 Inferior IV, to 12J Crossbred Fleece- — Light, seedy, or burry, fine 14 to 17 Medium 10 to 11 Coarse 5 to 6

Quotations are:— Oct. 5. Oct. 12 d. d. Seventies .. 35 35 Sixty-fours .. .. 33 33 Sixties .. 31J 31 i Fifty-sixes .. 22* 224. Fifties .. 154 154 Forty-sixes .. .. Hi Hi Forties .. 101 104