GOLD MINING

Grey River Argus, 4 May 1934, Page 7

GOLD MINING

(Per Press Association.) DUNEDIN, May 3. Sales on ’Change: Gillespie’s 2s lbl (2). After ca.ll: Brian Boru 2s. LONDON. May 2. The prospectus has been issued of the Clutha River Gohl Dredging Company. 1.550.00(1 two shilling shares to w’ork twenty miles of the river, and 495 acres of gobi reserves. Yesterday’s quotations were: Brian 2s, 2s Obi: Alexander (13s fid) 14s 7d, 15s Id;" 801 l Hooper JOd. lid; Bell Kilgour 4bl. fid; Big River —. lOd; Blackwater 325, 355; (‘harleston Is 3d, 2s; Gill'espios Beach. 2s ‘Ojd, 2s Id; Glenrov 6d fid; Golden Point 2jd. 2ld; King S’ilomon 4s sd, 4s fid; Lawson’s Flat 44d. sd; Maprewhenua lObl. lid; Mrhakipawa 7bl. 8d; Mahakipawa (pref) Is Id. Is 2d; Nevis Diesel s}d, s?d; Nokomai Is Bbl. Is 10.1; Okarito 8 S sd. 8s 8d; Skippers —. Is Ibl; Waihi —. 35 s 3J; Waita.hu 4s 3d. 4s 6d; Deep Lead 2s. 2s 2d. MELBOURNE. May 2. The president, of the Melbourne Wool Brokers’ Association (Mr N. Carson) said that the -export value of this year’s Australian wool clip will be about £55.000.000. Australia at present hag 112.000,000 sheep. SYDNEY. May 2. The accounts of the Colonial Sugar Refiining Company, Limited, for the half-year ended March 31. disclose net profits from factories and investments of £495,38!), from which a dividend is being paid of 20s and a bonus of 5s a. share, absorbing £365.625, leaving £129.764 to be added to- the profit and loss account of £370,783 on September 30. 1933, making a total of £5OO 547. from which the board is placing to the reserve fund £lOO.OOO. The pnofit for the corresponding hailf-year in 1933 was £422,122.

The secretaries of the Waitahu Geld Mining Company Ltd., report, that advice has been received from the manager that a wa.s’h-up took place on Saturday. and 320 z of gold ■were obtained as a result, of nine days’ sluicing on the bottom wash. Ample water is available for the efficient operation of the claim. World production of g’old in 1933 amounted to 23,819.219 ounces, compared with 24,011.171 ounces in 1932, a reduction of 191,952 ounces. The main producing countries were:— Transvaal, fine oz. 11,017,495; Canada fine oz., 2,945,000; U.S.A., oz. 2,435,091; S. Rhodesia’, oz. 642,499.