SILVER.

Marlborough Express, Volume XLVI, Issue 119, 17 May 1912, Page 7

SILVER.

LON3X)N; May 16 Silver is quoted at 28d.

MOUNT LYELL KETURNS

, MBLBpURNE, May 16. >

Tli© half-yearly report of the Mount Lyell Company states that the wo^lcs ■treated 63,651 tons of ore, and produced 1500 tons of blister coope*-. 1482 tons of copper, ' 102,454 ounces of silver, and 1853 ounces of gold. 'Hie strike during the first two months vrts responsible fo<the reduced" figures of the outpa-, which was also affected by the •scarcity of labors Since work was 10 1 sumed operations resulted iin & iet profit df -£20,523. The cost of th? is shown mt £7317. 'The directors decided to utilise the water lights .held by the company :t 4 | Lake Margaret, seven miles distmit from the works, for the production of electricity to supply all the current required. Funds for theschemo - wifl -be provided by the sale of the 100,000 shares unissued in the capital of the company. The new" shares -will ,be offered at 25s to l egistered shiveitolders ori Mt/y 27th in the propoi Lion -of one to every twelve held. WELLINGTON STOCK ' . EXCHANGE.

[Spe'oiaii to Express.] WELLINGTON, May ie

Messrs Harcourt and Co. report i»s •follows:— Sales: Occidentals Is 3idl; Talwxaans 42s 6d.

Quotations-: National Banks, sellers 122s 6d; Trust ;md Loans, buyovs 1525; Christchurch Gas, buyers 1755, sellers 180s; Union Steams, buyers 50s; Westport Coals, sellers 30s; mr ~ 'Taringamutu Sawmills, buyers 47s Gd; Leyland O'Brien Timber, sellers 58s 6d; Golden Bay Cements1, sellers 245; Manning's Brewery .sellers &Gs 6d; Sharland'o (^oidinaryj sellers .2 \s 3d; Consolidated Goldfiekls, buyers li2s 3d; May (Queens, buyers Is 4 1Big Rivers, buyers 85s; Occidentals, 3»uyeirs Is 2d, sellers Is 4d; Ro&s, buy•ers 4« 6d, sellers 5s ; Tulisanans, bayers 425, sellers 42s;' Waihis,' selleis c"6s fid; Junctions, buyers 21s 6d, sellers, 53s 3d; Waitangis, sellers Is 3d; Tnianaki Oils, sellers 225.