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STOCKS AND SHARES
[FEB PBESB ASSOCIATION.]
DUNEDIN, March 8.
Sales: Mount Lyell 19/3; Gillespie’s Beach 1/41. Reported: Bank of New Zealand. 45/-; Golden Progress, two, 2/-; Nokomai 6/-. AUCKLAND, March 8. Sales: Bank of New’ Zealand 43/6; New Zealand Insurance 46/-; South British 60/9; Stock 41 (1935) £96. OKARITO RETURNS. DUNEDIN, March 6. The Okarito Five Mile Beach Gold Dredging Company, Limited, report for four weeks from January 29 to February 25:—Total gold w r on: 3140 z Sdwt. Total time w’orked: 483 hours. Total non-working time: 93 hours. Total yardage treated: 31,700, an average of 65J cubic yards an hour. Average value of ground (on a, basis of gold worth £4 an ounce); 9£d a cubic yard. BLACKWATER MINES. During the month of February, 3310 tons were treated yielding 1703 fine ozs. gold, the value of ■which (taking gold at 115/- per fine oz.) is £9791. Working costs were £5421, leaving an estimated working profit for the month of £4370. Development expenditure for the month was £Bl3. Capital expenditure for the month was £740.
No. 9 level North was extended 23 feet, carrying reef the full distance of an average value of 16 dwts. over 17 inches in width. No. 10 level: This point was extended 27£ feet towards the Prohibition Block, in blank. No. 11 level north was driven 43 feet on reef the full distance, averaging "dwts. over 22 inches. No. 12 level north was advanced 88 feet on reef, averaging 19Jdwts over 42 inches. The drive from the point of intersection going southwards was also extended 23 feet averaging 4:' t dwts. over 40 inches. Battery crosscut was driven 39 feet in a northerly direction following a reef track without exposing anything of importance. No. 11 winze at 970 north. This has been sunk to a depth of 65 feet, carrying a good reef averaging 15.4 dwts over 37 inches in width. Prohibition Shaft. This shaft* has now’ been stripped down to the full and correct size to the floor of No. 7 level and the Chamber is now being cut and timbered.
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Greymouth Evening Star, 8 March 1933, Page 8
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348COMMERCIAL Greymouth Evening Star, 8 March 1933, Page 8
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