New Welcome Gold Co.

Dominion, Volume 34, Issue 140, 10 March 1941, Page 3

New Welcome Gold Co.

The New Welcome Gold Mining Company Limited reports fbr the month of February:—North Drive: Extended 10 feet from main crosscut. Solid ground reached, showing reef track with 6in. [ of stone lying very flat. South Drive: Extended 12 feet following old worked ground which did hot reach as high as the Level caps. Four feet above old stopes reef made again on a flat bench and was followed for 17 feet from crosscut. Reef varied in width from Gin. to 18in., and shows gold freely. South Rise: A rise has been started on reef, 12 feet from main crosscut, and is now up 12 feet following stone 6in. to 18in. wide. At the present time reef is 18in. wide for the full length of the rise. This stone is of good quality showing small seams and blotches of fine gold. Stock And Share Indices (By Telegraph—Press Assn.—Copyright.) LONDON, March 7. “Financial Times” stock and share indices with previous quotations are (October 15, 1926, equals 100) :— \ ,

FOREIGN EXCHANGES Position Of Sterling (By Telegraph.—Press Assn - Copyright.> LONDON, March 7. The following mean closing rates on foreign exchanges were earrent today:—

Gold.— £B/8/- art ounce, fine. Silver.—Standard, 23 3-Bd. an ounce; fine, 25Jd.

Raw Materials

(By Telegraph.—Press Assn. —Copyright.) (Received March 9, 6.30 p.m.)

LONDON, March 8. Friday’s closing prices for the following commodities, with those for the previous week in parentheses, were ae folRubber: Para, 15d. a lb. (14d.) ; Pl a “" tation smoked ribbed sheet, 13 o-od. a 10. (13 9-32 d.). . Cotton: Liverpool quotation, good American middling, spot, 5.66 d, a lb. (8.64 d. .April delivery, S.old. a lb. (8.29 d. Turpentine: 68/6 a cwt. (same).

AUCTION DIARY

today. Woodville Sale. 11.30 a.m.-1000 Catlle (Abraham and Williams). Hlmatangi sale, 12.30 p.m. Mixed stock

JohusonvilVe anJPairy Stock Sale. 1 p.m.—loo Sheep, 100 Cattle (Wri„ht, Shannondale,"l' p.m.—Mixed Stock (AbraAt 32 a Hutt, 1.30 p.m.Houee Contents (Johnston). tomorrow. At Mill Site. Hihitahi. Timber Co.. 10.30 a.iu —Mill Plant and Buildings (Levin and Co.). Pahiatua Sale. 11.30 a.m.—<oo Cattle. Levin sale, 11.30 a.m.—Mixed stock. At Kingsway. Palmerston North. - p.mFarm (account Mcßae) ('Doni. Auct. At 111 Quay, 2.30 p.m — Wadestovvn Property (Nathan)At “Ryefields,” Upper Plain, Masterton— House contents (Kerslake). WEDNESDAY. ’ Masterton sale, 10.20 a.m. —5550 sheep. Lease of land block. Makotuku—looB acres (Crown Lands). Johnsonville fat stock sale. 1 p.m.—l-0 cattle, 1000 sheep (Wright, Steph. J. At Brandon St., 4 Wellington properties, 2.30 p.m, (Bethune),

Govt. Home industrials. Gold mines sec’s. Bails. Feb. 5 109.2 52 95.8 190.4 Mar. 1 109.9 54.1 101.6 195.9 Apr. 1 108.6 55.5 98.2 196.1 May 2 110.0 54.8 96.2 198.8 June 3 109.6 38.1 77.0 165.1 July 1 107.1 33.8 69.4 137.0 Aug. 2 109.2. 39.6 75.2 150.8 Sept. 2 110.3 37.9 78.3 162.7 Oct. 2 110.3 36.6 79.9 168.6 Nov. 1 110.0 39.7 82.7 165.5 Dec. 2 112.0 41.8 86.8 175.3 F eb. 4 112.3 43.9 88.1 175.4 Mar. 3 112.2 42.3 85.0 170.5 Mar. 6 112.4 41.6 84.5 170.0 Mar. 7 112.7 41.5 84.5 170.0

Par. Mar. 7. 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 Lisbon, es to £ 100 110.25 Milan, lire to £ 92 — Athens, drac. to £ 375 3-16 Bio de J., d. to mil 4.49 —- Buenos Aires, d. to pesa Monte Video, d. to peso 47.62 17.965 51 —• Calcutta, d. to rupee .. 18 18 Shanghai, d. to dollar —■ 3 3-8 Hong Kong, d. to dollar — 15 Kobe, d. fo yen 24.562 14 21-32 *Dealings suspended. LONDON, March 7.