NEW SOUTH WALES MINES.

New Zealand Herald, Volume LXVII, Issue 20594, 19 June 1930, Page 7

NEW SOUTH WALES MINES.

GREAT SOURCE OF WEALTH.

TOTAL OUTPUT £469,760,285.

Tho annual report of the New South Wales Department of Mines for 1929 shows that tho aggregate value of tho mineral production of that State to December last was £469,760,285, Including the output of quarries, clay pits, etc., since 1925, tho aggregate value was £476,585,484. The output for 1929, exclusive of quarries, clay pits, etc., was valued at £12,846,513, a decrease of £2,490,645 compared with the previous year. Mineral production from all sources was worth £14,573,783, a falling-off of £2,483,988. The of the mining industry during tn„ past 50 years may bo realised by a comparison of the value of the output for each decade. In 1880-89 the value was £27.900,588, in 1890-99 £50,914,594, in 1900-09 £71,913,785, in 1910-19 £111,025,861 and in 1920-29 £159,351,404, exclusive of production from quarries, clay pits, etc. The aggregate value of the production of the principal minerals to the end of 1929 is as follows:—Coal, £184,388,880; silver • lead, £117,936,257; gold, £63,667,799; zinc etc., £22,864,630; Portland cement, £17,347,488; copper, £15,570,634; and tin, £14,388,719.

SYDNEY WOOL SALES

RREGULAR SORTS LOWER<

PRICES OTHERWISE FIRM.

(Received Juno 18, 10.25 p.nO

SYDNEY, Juno 13.

At the Sydney wool sales to-day the offerings totalled 10,459 bales, of whicli 8417 were sold. Also 601 hales were sold privately. The market was slightly lower for irregular fleece and unskirted wools. Competition was otherwise good, and prices firm. Greasy Merino sold to 19d.

WAIKATO STOCK MARKET.

AN IMPROVED OUTLOOK.

SHARP RISE IN. MUTTON

Although stock seems to be moving & little more freely there lm3 not been any appreciable advance in values during tho week. An exception should perhaps be made in mutton, which at the central yards on Tuesday made a rather unexpected jump, and on a well supplied market. Whether or -not the level reached can be sustained remains to be seen, but certainly an advance is due and holders or this class ha-Fe had their patience severely tested. Among dairy stock greater animation is evident and it seems as if before long all remembrance of low butter-fat values will be forgotten and trade will proceed as briskly as in tho previous season. VaEt replacements are required and although purchase may b'» postponed it will not leseea the number needed. Already there is evidence of improvement in value, cowa especially being keenly sought. . ... , Conditions as they apply to individual sections are as follows: BEEF. A steady market exists for all ■ classes, prime ox selling freely up to 3Gs, and occasionally touching a higher level. _ quality ox i»a worth 33? -to 345, heifer beer is in good demand at 3ls to 325; prime cow | beef, 27s to 295; plain. 22s to 235; ca:v> ners, lGs to 18s. MUTTON. The market is well supplied. Dullness was its chief feature prior to the central sale this week and there a sharp rise was registered. This could ber partly accounted for by the presence of outside buyers, but whatever the cause it proved most welcome for competition in this branch during the last few months Ims been almost lifeless. Quotations at tho central yards were best wethers, up to 30s Id; plain, 'JGs to 275; unfinished. 24» Gd to 255; best ewes, to 235: ordinary, lSe to "19s; unfinished, 16s to 17s. STORE CATTLE. , A good iriquiry for steers from 2-soar hjv wards exists and most lines coming on the market readily change hands. Younger steers are not eo popular, but good quality lines at moderate value can be placed. Other classes are somewhat uncertain and as a rule arouse little enthusiasm. Grown steers in forward condition are worth ud to .£10; rising 3-year steers, £7 to £7. 15a: rising 2-yea.r, £5 15s to £6 103; weaners. £3 6s to £t; run cows in calf. £6 10s to £7 10s; forward cows, £3 10s to £4 10s; stores, £1 10s to £2 10s; Jersey heifer calves, to £4, for good coloured lines; broken colours, £2 5s to £3; small and lowconditioned,, £1 5s to £1 15s. STORE SHEEP. Not much alteration has been observed in this section and what seem cheap lots pass under the hammer daily. White-face ewe lambs still enjoy most popularity but there is a moro pronounced leaning toward ewes in lamb. Store wethers are not in demand, nor can anything better bo" paid of store lambs, many of which, in small individual lots, are coming on the market. Young ewes in lamb are selling at from '23s to 24s Gdj 5-year, about 18s; 6-year and over, 15s to 16a; good ewe lambs, up to 19s; medium, to 16s; wethers and mixed sex (best), to 15s; store wethers, 4-toota< 18a Gd to 20s; 2-tooth, 16s to .ISa Gd. DAIRY CATTLE. The inquiry is stronger, bringing with i£ a general hardening of values Clearinc sales of genuine herds have been most; satisfactory, last year's values in many cases being obtained Heifers arc nofi quite so popular, but more business is being done, which is a healthy sign. Beat cows are Helling up to £l7; average cows, from £ll to £l3; herd averages run from £lO )o £l2: heifers sell up to' £l2; firstquality medium sorts, £9 to £lO. Backward sorts are not really saleable. PIGS. Tho market for fat pigs of all classes ia very firm at recent quotations but an "improvement in stores lms b@f;n observed. Best Laconers are worth to A' 3 10s: lightweights, £2 12s to £2 18s; heavy porkers. £2 7s to £2 12s: light-weights, 38s_ to £2 ss; store pigs. £1 Ss-- to £1 15s; slins £1 (o £1 6s; weaners, 14s to ISs; smaller weaners, :ils to 12s Gd.

MORRINSYTLLE CLEARING SALE

The Fanners' Co-operative Auctioneering Company, Ltd., reports having held a very successful sale of dairy cows 011 account of Mr. A. W. Howie, of, Morrinsville. There was a good attendance of buyers and competition was keen throughout. The herd o£ OS cows averaged £ll .1?. Quotations:—Jersey and Jersey-cross cows, well forward. £l2 10s to £l7: more backward sorts. £9 10s to £11; Friesian cows, well forward, £9 10s to £l2 10s: Shorthoru cows, £9 to £ll 10s.

MOUNT LYELL EXTENSIONS.

INCREASE OF OUTPUT

Tho board of the Mount Lvell Mining Company has authorised extensions to the concentration and refining, plant to increase the output of copper to 13,000 tons a year. The mill, as reorganised, will bo capable of treating 1000 tons* of ore per day. With this tonnage a profitable output of copper will be maintained with ore of a lower grade than hitherto.

OIL-BORING COMPANIES. [BY TELEGRAPH. —PRESS ASSOCIATION'. "I NEW PLVMOUTiI; Wednesday. The Moturoa. <>i! well dowu_ 12901fj. in grey shale. Teti-inch casing is down

1270 ft. '. , Conl Oil (N.Z.), Ltd.. reports tor th» week ended Juno 14:—We drilled to 852 ft. in alternating hard sandstone aua shalo.

DAIRY PRODUCE MARKET

Mr. CI. Faviour-Sniith has received the following cablegram from his Londoiii principals, the Anglo-Continental Comoanv Limited : Butter ;- - Quiej'y.szrs* i ° i3ss ; orsi y " White, 79s to 60s; coloured, 84s.