COMMERCIAL

Greymouth Evening Star, 7 November 1939, Page 5

COMMERCIAL

boom on bourse.

PARIS, November 6

The Bourse experienced its mostactive day for several months, favourite home’ industrials gaining five to seven per cent. The small boom is ascribed to the returning of capital held abroad, which must be declared by November 15.

STOCKS AND SHARES

[per press association.]

CHRISTCHURCH, November ,7. Sales: Kaiapoi Woollen (17/- pd) 12/2, Taranaki Oil 6/-, Mount Lyell 33/9 (3). Sales reported: Government 1949-52 Stock (late' sale yesterday) £9B/10/-, Canterbury Meat £8 15/-, Hays Ltd (late yesterday) 20/-, McKenzies 41/6. WELLINGTON, November 7. Sales, late yesterday: Three and three-quarter per cent. Stock 1941 £lOO, Broken Hill 80/-, McKenzies Dept. Stores 42/-. SYDNEY, November 7.

Sales: Austral Gas £6/16/6, Associated News 15/101, Pref. 19/-, Anthony Hordern 14/7, Australian Consolidated Industries 36/-, Broken Hill Proprietary 72/9, Farmers 28/6.

MINING.

MATAKI. The Mataki return for the week ended November 3 was 23 ounces for 135 hours and 11,800 yards. OKARITO. The Okarito washup was 260 z 14dwt for 127 hours. CLUTHA. The Clutha River dredge worked 121 hours for 720 z of gold. WAITAHU. The year’s work of the Waitahu Gold Mining Company consisted of the sluicing of three paddocks and the commencement of n fourth pad doc c The ground worked for the year comprised 10,600 square yards of bottom. Again shortage of water during the year materially inter!ered with gold production. , . The gold won during the six mourns ended January 31, 1939, totalled 2950 z ldwt, when only 716 hours, work was lost through water shortage; during the next six months 109 oz 2dwt were won, the hours lost through water shortage being 2028. The value of the ground had, however, improved dining the latter period. The returns won from the next paddock are not ed in the year’s accounts’, although 24b hours’ stripping and elevating work had been carried out, and that expense included in the accounts for the year. For the 10 weeks ended Octobei 8, the gold ivon totals 1670 z lldwt. In spite of the increasing costs ot operating the claim, because of the higher rates of wages now payable, the cost of material treated has been kept within the company’s income on ground producing only 4d a cubic yard, and this is due entirely to> the efficient working of the claim The profit for the year £684/15/3, has been transferred to profit and loss appropriation account, which, account shows details of the dividend paid m September, and provides lor income tax payable, consequent on paymen of the dividend.

BLACKWATER.

The Blackwater Mines return for October is as follows:-Crushed 42<1 tons, yielding 2015 fine ounces of gold from all sources, including clean-up ot old mill, the value of which, taking gold at £7 8/- per fine ounce, was £l4 914 Working expenses, not including gold duty, were £8370. Development expenditure was £1037, and capital expenditure was £B5O. Review of development work carried out during the month: No. 12 level drive north advanced 32 feet all on reef averaging 20dwts. over 36 inches. No. 13 level north branch drive at 3090 N advanced 26 feet all off reef. No. 13 level drive south advanced 36 feet on reef averaging 14 dwts. No. 14 level drive south advanced 34 feet on reef averaging 16dwts. value over 26 inches width. No. 14 level drive south backshunt advanced 44 feet of which 35 feet were on reef averaging lOdwts. value over 18 inches width. No. 10 level winze at 2830 advanced 13 feet on reef averaging lOdwts. value over 10 inches width. No. 11 level winze at 3015 advanced 33 feet on reef averagaing 14 dwts. value over 17 inches width.