COMMERCIAL

Greymouth Evening Star, 6 December 1926, Page 7

COMMERCIAL

ALEXANDER MINES. (Special, to “Star.”) - . iliiiiFTON, ttetember 5. Alexander Mines Limited reported for November: —No. 1 level stopes. Stoping has been carried on with two men. This lode maintains its usual size, being from four to one feet in width. No. 1 level; north end.—Driv- . ing north was started on November 9 oil further distance of 16ft driven on the reef, making a total of 126 ft driven on this lode. The reef is 3ft wide, very solid,• and gold can be seen in ths stone. No. 2 level winze.—This winze has ‘been continued with two shifts for a footage of 35ft, making the total depth from the level 48ft. The reef is smaller than previously, but is f olid and clean, and about 15 inches wide. There is now a lot of water making, and it is questionable whether sinking can be continued much, further without carrying out more work in No. 3 level, and draining the country. Gold returns. —The battery crushed 95 tons for a return of 1540 z sdwt of melted gold ,and coarse sands treated at the cyanide plant yielded 220 z Idwt from 70 tons, total estimated value £685. NEW BIG RIVER MINE. REEFTON, December 6. The New Big River Goldmining Co. Ltd., return for thp month of,November, battery 207 ozs 10 dwts., melted gold from 297 tons of quartz crushed. Cyanide, 19ozs bullion from 100 -tons of sands treated. Total estimated value £BB5. ? ' LONDON WOOL SALES. (Australian & N.Z. Cable Assn.) LONDON, December 4. At the wool sales to-day, a good selection of merinos’ slipes was offered, and there was a small offering i of greasy crossbreds. There was gQod competition, prices being on a parity with the highest point of the series. WHEAT QUOTATIONS. LONDON, December 6. With adequate world’s shipments and featureless markets on the othei’ side, wheat cargoes a’re quiet and nominally unchanged. Parcels are quiet at late rates. Liverpool futures December 11/4L March 10/7-g, May 10/5.