COMMERCIAL

Greymouth Evening Star, 15 October 1932, Page 8

COMMERCIAL

WAIHI GOLD MINE. [special to “stab.”] AUCKLAND, October 14. The following information was cabled to London from Waihi. No. 3 level, driving west on lode next 29ft., assays 17/. per ton. At 70 feet the full width of the lode is 27 feet. Assay value 10/- per ton. Junction area: No. 6 level, martha lode at about 65 feet east of junction north-west crosscut. Slevin rise was put up and connected to winze. We are opening out level at 41 feet up. No. 11 level: At 55 feet east of bath deviation. Crosscut was driven to north and at 24 feet in intersected quartz 4J feet wide, assaying 6/6 per ton. The course is 29 degrees and dipping one in three. North-w r est, No. 11, 38 feet sub level, north section of empire lode, winze being sunk next 23 feet, assays 16/6 per ton.

No. 12 level, martha lode east drive, has holed through to the recently driven drive.

GRAIN AND PRODUCE. CHRISTCHURCH, October 14. The season has now ended fox’ speculation in potatoes, and shipments are confined for the most fiart to orders for northern outports. The Waipiata x on Thursday, took only 250 sacks from Lyttelton, about the smallest shipment of the year. There are still a few potatoes in store, but in most districts there has been a greater clean out of potatoes at this period of the season than for many years. F.o.b.s.i. values for whites are £6 to £6/2/6, and tr.( farmers £4 15/- to £5. Dakotas are worth £6 10/- and £5/7/6, f.o.b.s.i. and ontrucks respectively. Fowl wheat is firm at to 5/1 f.o.b.s.e. (Lyttelton) and 5/. (Ti'maru). The oats, chaff, and small seeds markets are lifeless.

LONDON WOOL SALES LONDON, October 13. At the wool sales 6278 bales were offered, including 1864 bales of New Zealand wool; and about 4647 -bales were sold. There was a miscellaneous offering, with a good general demand. Late rates were maintained. New Zealand greasy Merino, Glynn Wye, reached 9d and averaged Halfbred lamb, slipe, reached lljd and averaged 9fd. The series closed firm. Prices compared with July closing rates, were: — Merinos —Greasy, 10 per cent, higher; scoured, 5 to 10 pex’ cent, higher; short pieces, 10 to 15 per cent, higher. Cross-breds —Fine, 5 per cent, higher; slipes, 10 to 15 per cent, higher. Of the total catalogued, 178,733 bales, the Home market took 71,000 and the Continent 82,000. Fifty-four thousand bales were held. The total of Australian wool sold was 68,'000 bales, and New Zealand 65,500 bales. At Bradford trading is quiet. Users are reluctant to add to their commitments till raw material values are more settled.

STOCKS AND SHARES DUNEDIN, October 15. Sales reported: N.Z. Ihsu'rance 23/Waitahu id prem, Big River 1/5. GOLDEN SANDS COMPANY. Mr R. T. Tosswill, chairman of directors of Golden Sands, -Ltd., whose claim is situated at Ba'rrytown, supplies the following information concerning the progress of the under taking:— . .

The contractor, Mr D. Hartill, has. completed his contract for making the pipes. The material was imported, and the pipes made at the claim, and laid as fast as they were constructed. The main pipe line, 1-1 miles long, is now completed from the intake at Baker’s Creek- to the point where operations will commence. A particularly good job has- been made of the pipes by the contractor. They are of 18 to 20 inches diameter, hand-made, and double-riveted throughout and well tarred. The bridge-work’ and trestles erected to carry the pipe-line down Baker’s Creek is a very substan-. tial job, and erected to withstand Hoods, and thus obviate stoppages from; this cause after sluicing commences/ The road from the Main Coast road' to the pipe-line.at the men’s huts has' been completed, and at present material is being carted on to the claim for the erection of tables and elevator. The construction of these lables, about 80 feet wide, and the erection of the elevator and hoppers are now under way. This work should be completed during the next few weeks, and the directors anticipate that the claim will be producing gold earlier than the time allowed for in the prospectus. In spite of the fact that the present year has been one of the driest ever experienced on the Coast, it is reported that there has been no day when Baker’s Creek has not discharged the maximum quantity of water that will be required to enable the company’s plant to work continuously. WESTLAND WOOD PULP.

An order for the winding up of the Westland Wood Pulp and Paper Syndicate, Limited, was made bv Mr Jttstice_ Reed in the Supreme Court, Christchurch, yesterday. Mr Reeves appeared in support of the application, which was made by the company. The Official Assignee, ChristHiurcli, was appointed liquidator.