COMMERCIAL

Greymouth Evening Star, 13 March 1933, Page 9

COMMERCIAL

STOCKS AND SHARES

DUNEDIN, March 13.

Sales: Freshfood 1/5. Reported: Kaitangata Coal 19/-. Late Saturday, Bank of New Zealand 43/71. AUCKLAND, March 13.

Sales: Waihi 20/6, Commercial Bank Sydney £l5 1/6, Bonds 41 (1938) £97.

ALEXANDER MINES

Report for month of February: No. 3 East Crosscut: This crosscut is now out 53 feet from the main level. The face shows fair reefing country but no stone of any importance has been passed through. No. 3 Intermediate Level North: The position of face is 41 feet from the winze. At 31 feet in, a fault appeared nipping south, and cutting the reef track off, leaving only country rock showing. The last 10 feet has been driven on the fault plane, but the track has not been discovered north of the fault line. A start has been made to drive south of the winze. This face looks promising, stone 8 to 10 inch wide showing in the face. No. 3 North Rise. Risen to 19 feet above the level on reef track carrying leaders and small boulders of stone. No. 4 East Crosscut: Crosscutting was continued and a distance of 60 feet from the main level, reached. At $2 feet in stone from 6 to S inches wide was passed through but the stone is of low value. The face shows nice country and is not so wet as formerly. Stoping: Stoping has been carried on over the full length of the block. The stopes on the south end show no change. The north end stopes show a considerable improvement, a new make of stone up to 3 feet in width, coming in. This stone is improving in width, and lengthening as stoped upwards. Surface: The heavy rain on the 25th February caused a slip in the gully at Mullocky Creek, which crosses the incline tramway about a chain from the top. Seven of the highest trestles were carried away, and one of the ropes ruined. Battery: 442 tons were sent to the battery and 445 tons crushed for a return of 277 ozs. 13 dwts. ot melted gold. During the same period, the cyanide department treated 273 tons of sands for a return of 94 ozs. 9 dwts. of bullion. The total estimated value of these returns is £1,421 (exclusive of premium on sale of gold abroad, and premium on exchange).