FOREIGN EXCHANGES

Dominion, Volume 34, Issue 110, 3 February 1941, Page 3

FOREIGN EXCHANGES

Position Of Sterling (By Telegraph.—Press Assn.—Copyright.) LONDON, January 3L The following mean closing rates on foreign exchanges were current today:—

•Dealings suspended. LONDON, January 3L Gold.— £B/8/- an ounce, fine. Silver.—Standard. 23 8-164. an ounce, fine, 25d.

Big River Report Big River Gold Mines, Limited, report for the month of January, 1941N0. 1 intermediate level: Only a small amount of work was done in the prospecting drive from winze in this level, as men were required for repairs to ehaft. Nothing of value has so far been exposed. No 5 level: In the No. 1 winze on the north side of shaft crosscut, a short drive has been put out to follow the reef which has thrown over into the hanging wall. Some good quality quartz is at present showing in the face. On the south side of the crosscut, a prospecting drive was commenced at 1 point 72 feet between No. 5 and 6 levels, with the object of endeavouring to locate the blocks of quartz found above No. 5 level; 22 feet have so far been driven on a track in a northerly direction without locating reef. No. < level: The drive has been advanced to a point 65 feet south of the crosscut which intercepted the ore channel. The face still consists of formation material which has narrowed in to a width of inches. No. 7 rise off level: A rise was commenced during the month to meet the winze from No. 6 level and the face is now advanced 15 feet above the level caps The quartz found in the level beneath this rise has pinched and the face now consists of formation material and reef track. Gold Mining Returns (By Telegraph—Press Association.) GREYMOUTH, February 1. The Argo dredge returned 390 z. for 127 hours from 12,000 yards. The Price Of Tin

.By Telegraph—Press Assn. —Copyright.) LONDON, January 31. The price of tin is quoted as follows :— Spot, buyers £256 a ton, sellers £206 10/-; forward, buyers £2»7/10/-, sellers £258.

Par. Jan. 29. New York, dollar to £ 4.866 4.03 Montreal, dollar •• to £ 4.866 4.45 Paris, francs .... to £ 124.21 Geneva, francs • ••• to £ 25.225 17.35 St’holm, kroner ... to £ 23.43 16.90 to £ 100 110.25 to £ 92 —« Athens rirflC- ...... to £ 375 346 Rio de J.. d. to mlL 4.49 —— Buenos Aires, d. to pesa 47.62 17.965 Monte Video, d. to peso 51 Calcutta, d. to rupee ... 18 18 *• ' Shanghai, d. to dollar • — 3 27-G4 15 14 21-32 Hong Kong, d. to dollar Kobe. d. to yen 24.582