MINING NEWS

Evening Post, Volume CXXI, Issue 131, 4 June 1936, Page 12

MINING NEWS

RETURNS AND REF»ORTS ?' Stafford Dredge reports that thel re--1 turn of the dredge for the week ended May 22 was 490z from 9199 c(ibic yards. The preceding return was 48oz 0 3dwt, from 8851 yards. BUNDI DREDGE. Bundi dredge cleaned up 1450z fijom 64,500 cubic yards dredged in 267 hours. MOONLIGHT GOLDFIELDS. 0 Moonlight Goldfields Co., Ltd., (reports that the wash-up on their slisic--0 ing claim on June 1 was 520z 3dwt, f)he bottom face yielding 360z 7dwt for 105 j hours and the top face 15oz 16dwt fori 181 hours. R PADDY'S POINT. 5 The Paddy's Point total, return frqm the first paddock in the new grousid 5 at Waitahuna Township was 114oz u6 j dwt. The final washup was about 590z. jj DAWN OF HOPE. Dawn of Hope (Thames) reports,— In the new block on the Golden Age , reef a rise has been put up sft, the reef showing strong dabs of gold. The; stope between 1 and 2 winzes has betin stopped to put these men on to the stope from the rise on the Golden Age ; reef. | FOREIGN EXCHANGE RATES j Closing sight rates as quoted by the' Bank of New South Wales, Wellington,: today, for buying and selling foreign currencies based on New Zealand currency are as follows:— > Buying. Selling* On demand. On demand.' New Zealand on £ s. d. £ 8. d. London—£ N.Z. to £ stg. 100 123 10 0 121 8 B Australia—£A to £N.Z. , 100 101 0 0 100 10 I) 'i Fiji—£F to £N.Z., 100 . 90 T 6 89 0 0 New York—Dollars to £N.Z. 1 4.07U 4.02%1 1 Montreal—Dollars to £ N.Z. 1 4.08% 4.04%, Austria—Schillings to £ N.Z. 1 — 21.10 Belgium—Belgas to £ N.Z. 1 — 23.746 Czechoslovakia — Crowns 1 tn £N.Z. 1 — 96.48 Denmark—Kroner to £ N.Z. 1 18.263 17.903 I France—Francs to £ N.Z. 1. — 61.04 Germany—Reichmarks to £N.Z. 1 — 9.951 Holland—Florins to £ ' N.Z. 1. — 5.92S Java—Florins to £N.Z. 1 — 5.886 Norway—Kroner to £ N.Z. 1 16.243 15.903 Sweden —Kronor to £ N.Z. 1 15.842 15.497 Switzerland—Francs to £N.Z. 1 — 12.396 Noumea—Francs to £ I • N.Z. 1. — 59.69 Papeete—Francs to £ I N.Z. 1 — 59.84 I Hong Kong—N.Z. pence to 1 dollar 18 31-64 20 3-64 . India and Ceylon—N.Z. pence to 1 rupee .... 22 3-64 22% Japan—N.Z. pence to 1 yen — 1711-16 Shanghai—N.Z. pence to , 1 dollar 16 31-32 18 33-61 Singapore—N.Z. pence to 1 dollar 34 15-64 35 15-32 The above rates are for on demand transactions. The £1 is £1 in Newt Zealand currency. The rates are sub-l ject to alteration without notice. Based on the figures quoted by the Bank of New South Wales the New , Zealand pound, compared with itsj original par value, is equivalent tot approximately:— ' £ s. d. /j . 0 16 1 In London. «*' 10 1 in Australia. rf' i 016 6% in U.S.A. AS 0 16 7 in Canada. 1 0 9 10 in France. '■&, i 0 9 9 in Germany. j,?". 0 9 8% in Java. 1 7 9ii In Japan. PRICE OF GOLD f (By Telegraph—Press Assn.—Copyright J : (Received June 4. 9.30 a.m.) LONDON, June 3. ' The price of fine gold per ounce,. 138s lOd. Per oz. s. d. June 2 139 2 j May 4 140 4 May 1, 2 140 10 April 1 . 140 8 March 2 141 IJ, February 1 141 0/ January 2 *41 *1 DOLLAR AND STERLING (By Telegraph—Press Assn.—Copyrieht.) < (Received June 4, 9.30 a.m.) J LONDON, June 3. Sterling exchange, London on New ] York, 5.01 1-8 dollars. c Dollars. June 2 ; May 1 4.93 7-8 t April 1 4.95 3-8 I March 3 February 1 c January 20 . 4.9411-16; ; January 1 j DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates today, on a I New Zealand currency basis. .They I are subject to alteration without c tlotiCe ■ U.S.A. Canada c (per £1 (per £1 f N.Z.). N.Z.). c Dols. Dols. t Selling— * T.T 4.021 4.03| f On demand 4.02} 4.04J .. Buying— _ t On demand 4.07$ 4.08f f . c NETHERLANDS BANK RATE. >' (By Telegraph.—Press Assn.—Copyright.) s (Received June 4, 9.30 a.m.) K AMSTERDAM June 2. c The Netherlands Bank rate has been ij increased to 4i per cent. - n The rate was raised to 3} per cent. £ on May 29. c

THE FRENCH FRANC. (By Telegraph.—Press Assn.—Copyright.) (Received June 4, 9.30 a.m.) LONDON, June 3. Sterling exchange on ifaris, 76 3-32. The rate on June 2 was 75 29-32. JAVA EXCHANGE. (By Telegraph—Press Assn.—Copyright.) (Received June 4, 9.30 a.m.) ' BATAVIA, June 3. Sterling exchange,. 7.38 i guilders to £1. The rate on June 2 was 7.36 i. PRICES OF METALS. (By Telegraph.—Press Assn.—Copyright.) LONDON, June 2. The official London (middle) quotations lor Tuesday, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:— May 29. June 1. Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot 36 12 6 36 10 7J Ditto, forward' 37 17 6 36 16 3 Electrolytic . 40 10 0 40 10 0 to 41 0 0 40 17 6 Wire bars .. 41 0 0 40 17 6 LeadSpot 15 11 3 15 7 6 Forward .... 15 11 3 15 10 0 Spelter— Spot 14 5 0 14 3 9 Forward .... 14 8 9 14 10 0 Tin — Spot '195 13 9 192 2 6 Forward .... 191 15 0 189 2 6 Silver— Standard, per oz 19 7-8 d 19 7-8 d Fine 217-16 d 217-16 d