MINING NEWS

Dominion, Volume 11, Issue 28, 27 October 1917, Page 12

MINING NEWS

WELLINGTON SHARE MARKET. The quotations yeßlerday for mining shares were as under:— Bnjera Bcllcrc. £ e. d £ s. d Con. Goldfleldß 0 4 6 — Murray Creek — 2 10 Waihi 1 16 0 STOCK EXCHANGE. By Telegraph -Press As?oeiation. Chrlstohurch, October 26. Bale reported:—Bank of New Zealand (fully paid), £17 10s. _ . Duncdln, bctobi'r 26. Sales-HutldarlrParkcr, Ms. 3d,, 536. 3d. Sale reported-:<c- 'Mn\anA Ovus 50s. Auckland, October 26. Salca-WaiUi, 375.; Auckland Ga.3 (paid Ma..(fl»atejhutinß)» Ms, '

SYLVIA KEEPS LTD. The mino manager reports, under date October 19:—During the week the following work lias been in progress: North of the riura crosscut the drive on tho reef was ndvunccd 3 feet. We crosscut-led through tho reef for 81 feet, and have sot tho footwnll. There is very little mineral in this iportion. In the south end two stopes are in progress; the reef maintains its sizo and ts well mineralised."

PAPAROA 00A1-MTNING CO. Tho receivers of the Paparoa Coal-Min-ing Co., in their report and bnlanee-sheet for tho year ended August 31, 1917, stated that it would be seen that the surplus on tho working account amounted to £2169 17s. lid., upon total sales of coal of £42,395 3s. Bd., as compared with a surplus of £1358 10s. 5d., upon total sales of coal of £27,201 ss. 9d. for the previous period. It had been decided to apiply that surplus tn depreciation on the plant and buildings. The past year was an anxious one "for all coal-mining companies on account of labour (roubles and diffi-. culties in getting shipping space for the' coal. Owinp; to tho "go-slow" polw, varied by strikes, adopted by the miners between the months- of November and April, the operations of the mlno were carried on at a, loss during that period. In addition, tho recoivers were unable to take advantage of opportunities then aSorded of opening out a wider market for the coal. Fortunately there had been a steadily-incroisinc demand for Paparoa coal and consequently the receivers had been able to increase the price sufficiently to cover the higher costs of production due to advances in wages, shipping freights, and extra cost of mino material. The mine was now turning out, an average of about 900 tons per week, and itwas hoped, if the market for the coal continued to gradually expand, the average would be further increased durin" l.lio coming y«,ir. The receivers had had no opportunity during the year of disposing of the mine, and it was evident that nothine- could be done in that direction until the war was gver.

WAIHI-PAEROA GOLD EXTRACTION COMPANY. By Telegraph—Press Association. Auckland, October 26. The Waihi-Paeroa Gold Extraction Co. for the period ended October 19 treated 13,500 tons for a return of £4700, compared with 16,700 tons yielding £4850, last year. Tflie company has now treated 803.400 tons for a return of £246.011. Tho dividends to date amount to £12,500.

Attention is directed to the advertisement in this issue relating to the catering at the Manawatu Spring show. This is, being dono again by tho town and country patriotic women workers,, and those who partook o£ the luncheon provided by them last year, will retain very pleasant recollections of the same. All the funds are for patriotic purposes. Tho assistance is voluntary, and the food is being given. There are two luncheon rooms where meals can be had for 2s. 6(1.; three tea-rooms whero Is. is charged; and a counter lunch, whero a cup of tea can be bought for 3d., sandwich 3d., and cakes 3d. At this counter, which is under the 2s. stand, milk and cakes can bo bought for children.

On Friday, November 9, at 3 p.m., in Gillander'a Hall, Shannon, the whole of the estate of Arthur May Richardson, deceased, will bo submitted to tho public by auction. Anyone desiring to purchase a really first-class dairy farm is advised by the auctioneers to inspect and attend this 6ale. Two dairy farms of about 98 acres each, situated close to Shanuon on tho Kara Road, arc expected to meet with a ready sale. Tho farms arc handy to tho station and factory, and milk can bo Bent either to tho factory or to Wellington. There are also 20 acres with a good residence in the township of Shannon, and only about 20 chains from the railway station. This is described jls a choice little property and should comtnond itself to retired or semi-retired farmers or business men. It would mako a first-class little stud farm, and stud-breed-ing in a small way, could ho indulged in as a profitable pastime. Dairying could also bo carried on. supplying milk to Shannon or sending it to Wellington. The auctioneers will also be submitting a' choico town section in Shannon close to tho railway station. Further particulars are advertised.

It is not often that the seeker for land is able to find a spot which has so many advantages as the Arapaepae Estate, near Levin, which is to be ottered by auction at the Town Hall, Levin, on Wednesday next, at 1.30 p.m. Situated near a rising town, olose to railway station, saleyards, and factories, approached by first-olass roads, and blessed'with'an incomparable olimate, it at onco claims and holds attention. On inspection, the property !s said to moro than fulfil expectation. It lies well to the sun, is splendidly watered, and both hills and flats (of which there is a largo proportion) are well grasßcd. A large uumber of prospective buyers have taken the opportunity of inspecting, and all particulars regarding the estate, which is to be ottered in three lots, comprising farms of 1050, 754, and 747 acres respectively, may be obtained from the auctioneers. Messrs. Dalgety and Co., Ltd., and Messrs. Wright, Stephenson and Co., Ltd., at any of their branches.