MINES AND METALS

Evening Star, Issue 23335, 3 August 1939, Page 9

MINES AND METALS

COPPER ADVANCES SPOT STANDARD ABOVE £44 LEAD FIRMER, BUT OTHERS QUIET Press Association—By Telegraph—Copyright LONDON, August 2. (Received August 3, at 1 p.m.) Following are the latest official (middle) quotations on the London metal market, as reported by the Australian Mines and Metal Association compared with those of August

REPORTS AND RETURNS RECENT RECOVERIES J Returns of New Zealand gold mining companies as received during the week ended to-day are:—

Argo Dredge. The following is the report of the Argo Gold Dredging Company Ltd. for the week ended July 29: —There was no wash-up at the dredge owing to the bottom tumbler shaft being broken. This is being replaced with a new shaft. Dredging recommenced last Saturday. KANIERI RECOVERY MAINTAINED JULY WASH-UP OF 1,231 OUNCES [Per United Press Association.] GREYMOUTH, August 3. The Kanieri dredge during July recovered 1,2310 z for 514 hours from 260,000 yards. BARRYTOWN'S GOOD RECOVERY • (Pe* United Press Association,] GREYMOUTH, August 3. Barry town during July washed-up 1,0360 z for 447. hours from 190,000 yards.

Aug. 1. Aug. 2. £ s. d. £ s. d. Copper— Standard, spot .. 43 15 104 44 0 74 Forward 43 19 4i 44 5 74 Electrolytic, spot 49 5 0 49 10 0 Forward 49 15 0 50 10 0 Wire Bars— Spot 50 0 0 50 10 0 Bead— Spot 15 5 7i 15 9 44 Forward 15 5 Vs 15 8 9 Spelter— Spot 14 11 104 14 15 74 14 10 74 Forward 14 15 0 Tin-* Spot 229 18 9 229 18 9' Forward 225 3 9 225 2 6 Silver— \ Standard, per oz 16 13-16d 16 ll-16d Fine, per oz ... 16 l-8d 18d

Company. Oz. Hours. Clutha River ... 115 72 Grey River ... 232 119* Mataki .. ... 25 132 Mu rehison-Mataki ... 89 130 Nemona ... 36 121* New River ... 28 123 Okarito ... 29.1 131 White’s Electric .. ... 26 104 Worksop • ... 24 127