MINING NEWS

Evening Post, Volume CXXIV, Issue 87, 9 October 1937, Page 6

MINING NEWS

REPORTS AND RETURNS The following information has, b cabled to Lonaon Iron!' the- Mai Mine, Waihi:— ij'Or the period ended September comprising twenty crusning a; 15,8iJ8 tons of ore were crushed fc result of 4256 firie oz of gold and 35 line oz of silver. This includes J tons mined from the Grand Juncl i area, which yielded 260 flue 0i of g and 834 fine oz of silver No. 2 le north branch of Martha lode: A I tance of 35ft has been driven v i frotn. the 200 ft crosscut, assay. va i 14s a ton. Width of lode, about This work is stopped, and driving V is resumed on the lode at 64ft in Brown crosscut. No. 4 level, east : I tion of Edward lode: Driving no; 1 The next Bft assays 25s 3d a ton. 1 reef is pinched in the next 12ft, i at 71ft the ore is of good grade, ab sft wide. No. 6 level, north branch Martha lode: Have driven west a i | ther 13ft, making a total of 648 ft. Wi ! of vein in face is 4in; assay value, 1 9d a ton., No. 7 level, west section Edward lode: Driving south-west. 1 next 25ft is ore of good grade, ab 2£ft wide. GOLDEN DAWN. Golden Dawn Gold Mines' repc that for 20 working days ended Octo 2, there were 746 tons treated, £2240 at £7 2s per gold oz. : | NEW RIVER RETURN. New River Gold Dredging' C official return of gold won during ' week ended October 7, was 390z ■ gold from 11,000 yards treated in : hours' dredging time. i MOUNT MORGAN. The chairman of Mount Morgan, L (Mr. Eric Campbell), at the anm meeting held in Sydney; described scheme to mine 7,000,000 tons by o* cut methods over a period of 20 yet Mr. Campbell said the 7,000,000 t( should average 4.26dwt gold, and 1 per cent, copper per ton.: Over 1 20 years, an average of 350,000 tons sulphide ore, containing 74,5500z gc and 6195 tons copper should be mir and treated each year, for an estimal average profit of 20s per ton; based present" gold and copper prices. • T equipment for the open cut would cc probably, about £ 100,000, spread o\ the next two or three years, but t savings in costs undoubtedly woi exceed the outlay.- The board expe ed to be able to provide the equipmc without calling for any more capit After the scheme had been complet there would remain at least 1,291, C tons of sulphide ore. The scheme • ferred only to the sulphide ore. T oxidised ore had a considerable life a through put of 800 tons a day, a he <elt that it would continue ; to yie profits for many years.. . PIGS, POULTRY, AND PRODUC) The Dominion Auctioneering Co: pany, Palmerston North,; reports good yarding of all classes of pigs their weekly fair held on Thursd: Porkers and stores were in very, ke demand, Sales resulting in the selle favour with also keen inquiry i weaners. A large yarding of poult came forward, and under keen .co: petition a total clearance was ma with a slight decline in" prices ,ov values received over the past fc weeks. Vegetables were in mediu supply and high prices arte ruling f all varieties. We quote as follows: Pigs.—Best Weaners, 19s to 23s eac small weaners. 13s to 18s each; -ston 26s to 33s . each; slips, to 29s eac porkers. 40s to 55s each; sows and 1 ters, £6 5s to £7 10s. Poultry.—-Heavy R.I.R. hens, ;8s : to 8s iOd per pair; best W.L. her from 6s to 7s per pair; 8.0, hens, fro 7s to 8s per pair; cockerels, -from to 9s per pair; light cockerels, fro 6s to 7s per; pair; roosters, from 6s 8s per pair;, light roosters, from 5s 6s per pair; light hens, from 5s to lOd per pair; ducks, from 6s to.7s i per pair; 6-weeks : old cockerels, fro 5Jd to IOJd each; hens- and chicks, Fruit. —Pears: Winter Nelis,. 10s to 1 per three-quarter bushel; apples, D licious from 7s to 10s 0d per bushi Sturmers from 8s to 10s 6d, Doughert; from 6s to Bs;> lemons, best froni- BS 12s, others from 6s to 8s; asparagi from lOd to ls.2d per bundle;-rhubar from 5s 6d to 12s per dozen; carrol from 4s to 12s 6d per bag; lettuce, JEro 3s to 8s per case; spinach, from 3s < to 5s 6d; cabbage, from 4s to ,10s pi sack; spring cabbage, from 2s_od to | per case; cauliflowers, from 7s pd 14s per sack; parsnips, from 4d to ' per .case; leeks, from 5s to 12s p< dozen; potatoes, from 10s to> 12s p< cwt; new potatoes, from 2id.T0.33 per pound; spring onions, 9dto.lld.p< bundle. CARTERTON SALE. Wright, Stephenson, and Co., I»tc report that at the Carterton terday they submitted a good yardir of sheep, cattle, and pigs.. All c]ass< of stock again sold well, arid practical! a total clearance was effected at tr following prices:— n . > Sheep.—Fat ewes, 35s to 38s 6d, f< hoggets. 31s 6d to 355; ewes_ with b. lambs at foot 15s, all counted; mediui wether hoggets, 24s 4d to 365-3 d,, ff arid forward wethers,, to 395. • Cattle.—Springing cows, £4 10s, 1 £8; heifers on dfcop, £5. to cows, £6 to £10 SS; forward cows, £ to £5 2s 6d; store cows, £2 Is to £ 10s; cull cows. 20s tp yearling Je sey and Jersey cross heifers, £2 6s t £3 75 Pigs!— Weaners, good 16s to 18s 6c medium 13s to 15s 6d, small tsio,l2s.6c slips, 19s to 21s 6dl store pigs, 23s t 265; light porkers, 28s to 335; porkfcr, 35s to £2 12s; batfoners, £2 17s- t £3 15s; Tamworth. ooars, to 2}gs.IMPERIAL SMELTING DIVIDErfo. (By Telegraph—PressAssn.—Copyright (Received October J), 9.30 a.m.) LONDON, October 8. The Imperial Smelting Corporatio has declared an ordinary dividend of per cent. BROKEN DIVIDEND. The Stock Exchange' Association, ha received a cablegram, from Broke) Hill Proprietary as follows:—Hali veaiiy dividend Is 3d per SHare in Aus tralian currency has jDeen declares payable November 17. !