COMMERCIAL

Northern Advocate, 21 July 1933, Page 10

COMMERCIAL

MINING NEWS. OPERATIONS AT WAIHT. (Special to “Northern Advocate ”1 WAIHI, This Day, The following information has been cabled to the London office of the Waihi Goldmining Company, Ltd: — For the period ended July 8, comprising 22 crushing days, 18,030 tons iof ore were crushed for a result of 5442 ounces of gold and 33,180 ounces of silver. This included 1006 tons mined from the Grand Junction area, which yielded 748 ounces of gold and 5304 ounces of silver. No. 3 Level. —Rise on North branch of the Martha lode: The next 37 feet has a dip Of 2 in 1 fo the north, the reef pinching and cutting out at 54 feet. No. 4 Level. —North branch of the Martha lode: Driving east the next .15 feet assays 15/0 a ton. The reef i.s about 38 inches wide. Driving west the next 17 feet is good grade ore,and the width of the reef is about

H feet. ( No. 5 Level. —Reef at 103 feet in the North crosscut; Driven to the west a further 26 feet. The width varies from 4 inches to 34 inches, and the assay value is 9/9 a ton. Prospecting 'drive on the Martha lode.—This has been commenced west from a point 54 feet west on the north part of the Surprise lode, and is out. 20 feet.' Junction No. 6 Level. —A south-east prospecting crosscut , has been commenced from the Royal lode at a point 780 feet east of the junction No. 1 shaft south-east crosscut, and is out 19 feet.

A NEW FIND. The report of a gold find at roofs near Boss, has been confirmed, and the country is spoken of very highly, states the Hokitika correspondent of the “Christchurch Times.’ ’ Prospectors following up an old tunnel where an earlier prospector had made a diligent searclj for the lode, encountered an obstruction on the side of the tunnel. It was necessary to use explosives to clear the obstruction, and by a happy chance a larger charge than eustoriiarily was used. The charge did more than was required, and exposed quartz of substantial width which was found to carry good gold. The discovery is now being followed up, and may prove the main lode for which a good deal of prospecting has. been done for many years.

GOLDEN TERRACE RETURN. The return of the Golden Terrace Dredge (Queenstown) for the week ended July 16 was 38 ounces for five working days. GOLD AND SILVER. LATEST QUOTATIONS. LONDON, July 19. Fine gold is quoted today at £6 4/4 an ounce, compared with £6 4/6A yesterday. Silver is quoted at 18 9-16 dan ounce spot, and 18 11-16 d forward, compared ivith 18-Jd and 18 7-8 d yesterday. The quotation for silver at per fine ounce is 20d, compared with 20-ld yesterday. GENERAL PRODUCE. SYDNEY AND ADELAIDE. SYDNEY, July 20. ■ Following are today’s quotations on the Sydney produce markets: —Wheat selling slowly. Farmers are holding back, awaiting overseas developments. Silo grain is quoted at 3/7£, bagged nominally 3/8£ to 3/9. Shippers have advanced prices for country lots one halfpenny, but no business is reported. Potatoes: Tasmanian, £6 10/ to £6 10/; Victorian, £6 10/. Onions, Victorian brown Spanish, £6; flour, £ll 6/; bran and pollard, £4 10/; oaten j hay, £7 16/; maize, yellow and 'white | 4/4. ' j Adelaide prices are: Wheat, growers’ lots, 3/6: Flour, bakers’ lots, £9 16/. Bran and pollard, £6*2/6; oats, Algerian, 2/.

BRITISH WAR LOAN. UPWARD TREND. (British Official Wireless.) RUGBY, July 10. War loan, 3-1- per cent., is quoted today at £9B 13/9; compared with £9B 10/ yesterday. Prices on the London Stock Exchange displayed some irregularity, and business was less brisk. - British funds were firm. TALLOW PRICES. DEMAND GOOD. The Bank of New Zealand has received the following advice from its ] London office, dated July 19: — j Tallow.—There is a good demand.] Current quotations are: Good mutton,! 24/ per cwt; beef, 22/; mixed, 22/; gut, 17/6 to 20/.