MINING NEWS

Evening Star, Issue 23093, 20 October 1938, Page 10

MINING NEWS

GREY RIVER BIG DREDGE NEARING COMPLETION The dredge, built for the Grey River Gold Dredging Company, now nearing completion, is the third largest' on the West Coast, and is' the largest ever launched from a slipway. The rivetedsteel pontoon weighs 580 tons, deadweight. The dredge is one of the most up to date in the world, and when completed will have cost £137,500. Electric power carried over the ranges from the Lake Coleridge-Wqitaki system will drive its bucket-chain. The dredge will dig 100 acres of ground each year, which is equivalent to shifting 300,000 cubic yards of spoil each month. Tt is estimated that there ia more than 14 years’ work available for the dredge, which will give direct employment to 23 men. The whole of the steelwork has been made in Christchurch. COLOMBO TEA KEEN COMPETITION AT SALE Mr L. M. Wright has^received tha following cabled report on the Colombo tea auction of October 18: Keen competition was shown for all grades, prices remaining fully firm at last week’s rates, while the quality of offerings was fully maintained. At next week’s sale 1,500,0001 b have been catalogued for auction. DAIRY PRODUCE THE STOCK POSITION The position of stocks of. butter and cheese at October 1, 1938, as reported by the Primary Products Marketing Department and received by the Dairy Board is as follows: Estimated stocks of all butter in London, including private and provincial stores, and steamers not discharged, 30,800 tons; export stocks in New Zealand, including loaded into steamers not sailed finally at October 1, 5,200 tons; New Zealand stocks afloat, 11,874 tons. Total, 17,074 tons, as against 21,092 tons at October 1, 1937. Estimated stocks of cheese at London, Liverpool, and Bristol at October I, 1938, were ; New Zealand and Australian, 3,930 tons; Canadian, 5,020 tons. Total, 8,950 tons, as against 11, tons at October 1, 1937._ Stocks in New Zealand, including steamers not sailed finally at October 1, 1938, 3,700 tons; New Zealand stocks afloat. 8,012 tons. Total, 11,712 tons, compared with 11,564 tons at October 1, 1937. Total in sight, 20,662 tons,' against 22,781 tons last year.