COMMERCE AND MINING

New Zealand Times, Volume LI, Issue 12024, 30 December 1924, Page 10

COMMERCE AND MINING

MiHIHC NEWS MINE MANAGERS' REPORTS. ! Ohinemuri.—Tho contractors hare extended the southern drive on the Camoola reef 44ft daring the past two weeks, making the total distance driven from the Silverstream crosscut 1191 ft, In d further 300 ft of driving/ the •fandom of the chuto of ore existing at No. 2 level (200 ft overhead) will bo reached. The country being penetrated is of a splendid character, and is indicative of the existence of values in the reef, which "will later be crosscut to find its width and value Majestic.—The contractors have extended the south drive on the Maratote reef a further 24ft. making a total of 295 ft from tho main crosscut. Xhe drive is now in the footwnll portion of the reef, which, where exposed, is hard mineralised quartz. A delay was caused by part of the rock drill breaking, but this has been repaired, and is again working satisfactorily. The preliminary work in connection with starting the JPay Rock low level has been completed, and the Clipper drill is being employed in sauaring out for the starting of the tunnel. Zeehan Consolidated.—The acting manager reports that the contractors advanced the Paroquet crosscut Bsft for the week, the country is good but hard. - The new sft reef has been driven on 3ft, but as the Thames School of Mines is closed an analysis of the ore cannot be made until after the holidays. On the Zbehan south reef the contractors advanced the drive sJft for the week. , There is a large flow of water coming from the face of the reef, which is enlarging from the 4ft reported last week. It looks exceptionally good. PRODUCTION STATEMENT Following is the production statement o? the Electrolytic Zinc Company of Australasia, Ltd. :«** Production daring’ four weeks ended November 12th, 1924:—Zinc, 3529 tons, of which were used at the works 115 tons.; four weeks ended December 10th, 1924, 3567 tons, of which 120 tons were used at the works. Silver and lead product for shipment to Port Piri© for realisation, containing: —Lead, four weeks ended November 12th, 1924, 560 tons, for four weeks ended December 10th, 1924, 566 tons; silver, for four weeks ended November 12th, 1924, 66,90Aen, for four weeks ended December 10th, 1924, 70,0000 z. N.Z. AND RIVER PLATE DIVIDEND OP 7 PER CENT. Cabled advice has been received by the ittorneys of the New Zealand and River Plate Land Mortgage Co., Ltd., that the ret profit fr*. the year ended October Slat was £94,000. At the annnal meeting, to be held in London on J'anuary 13th, tho directors will recommend that a final dividend be declared/ making a total of 7 per cent, per annum (less income tan 4s 6d In the £}. absorbing £49,000; that £IO.OOO be carried to reserve; and that £35,000 be carried forward. The .£50,000 appropriated to provision for exchange last year has been retransferred to the debit side of the balance-sheet. THE N9ME_MAHKETS IFFICIAL . RANGE OF PRICES HIGH COMMISSIONER’S CABLE. The Department of Agriculture has rerived the following cablegram, dated -’-ith instant, from the High Commis■uoner for New Zealand, London:— BUTTER. Market very luiet. Present quota* tatiora are:— New Zealand —Finest, salted, December -ith, 19fls ip 202 s per cwt (Is B|d to Is 9Jd per lb); December 20th. 204 sto 208 s per cwt <1» 9|d to Is IOJd per lb); December I£th, 20fe to 206 s per cwt (Is 9jd to Is 10a porlfoi. Unsalted. December 24th. 208 s to 208 s per cwt (is 10d- to Is lOfd per lb); December 20th. 212 a to 214 s per cwt (Is 10}d per lb). Danish—Very dull. About: December 24th. 220 s to 224 s per cwt (Is lijd to 2s per lb); Deoember 20th. 243 s to 248 s oer cwt (2a 2d to 2s 24d per lb); December !3th,, 242 s to 244 s per cwt (2s 2d to 2s 2|d par lh)CHEESE. firm New. Zealand—December 24th, coloured cad white, 90s per cwt (10£d per lb); December 20th. coloured 25s to 96s per cwt (IOJd per lb), white 962 per cwt (IQld per lb); December 13th, coloured 92s to 94s per owt (9jd to 10a per lb).- w;hite 94s to 90s per cwt (lOd to 10id per lb). Canadian—December 24th, 98s. exceptional 100 s per. cwt (IOJd to 109 d per lh); December 30th, coloured and white 96s to 98s up to 100 s per cwt ilOJd to 10Jd per lb); December 13th, coloured and white 96s to 98s per cwt to IOJd per lb; no uificial quotations this week. HEMP. Manila market firm. "J” grade DsremberJanuary shipments sold at £56 end value. New Zealand niarket quiet. Quotations unchanged. WOOL. Bradford business restricted by nearness of holidays and irregular prices having limited demand. Quotations for tops unchanged. TALLOW. . Market steady. No auctions this week. APPLES. Californian—Newtown. 8s 6d- to 11s 6d case. * Oregon—Newtown, 10s to 14s case; Jonathan, 11s 6d tty 13s case; Spitzenberg, 10s to 12s case; Rome Beauty, 10s 8(1 to 12s case; Btayman's Wiuesap, 11s to 13s cam. Nova Scotian—Golden Russet, 28s to 30a case; Baldwins, 20s to 24s case; Stark, 21s to 23s case; Ribston Pippin, 16s to 26s case; Blenheims, 18s to 24s case. LOCAL MARKET WHOLESALE PRICES.. Laery and Company, Limited, re, port wholesale prices as follow: Peameal. £9 l(to; pigmeal, £7 IQs ton; i’arro food. 428 As per ton; linseed meal (Mooso brand), 17s; lihseed nuts (Moose brand), 15s; meatmeal, for poultry. 13s per cwt; shell grit, 6s 6d per 1001 b; oyster pipi, 6s 6d per HJOlh; mixed fowl feed. 7s car bushel, sacka in; E aizc. whole 6s 10d. .crushed 7s 3d; oats, machine dressed seed Algerians, 6s Sd, farmers’ dressed seed Algerians 5s 2d, crushed 5s 4d, feed Algerians 4s 6d, Duns 6s 3d and'6e 6d per bushel, sacks inshelled oats, for chickens, 5s 9d per bushel; barley seed, 6s 9d; feed barley, 6s fid per bushel, sacks in; butter, farmers’ separator and dairy, Is Id to In 5d per lb: fowls, White Leghorns, 4a 6d to ss. Black Orpingtons and similar varieties 6s tp Ss per pair; eggs, first-grade, new laid. Is 9d to Is ltd per dozen; turkeys, Is to Is 3d per lb; geese, 15s to 'l3s per pair; ducks, runners, 6s to Bs, lo.rGe white 10s to 13s per pair; fnngus. 9d to lid per lb: dressed pork. 60’s to 90’s. 7kl to Bd, Booking pigs, lOd to lid'-pot lb; snerosine. £ll per ton; chicken raiser, 19s per 1001 b; chaff. Tasmanian in bags £8 10b, iD bales £7 10s per ton; new potatoes, 9s to IQs per cwt: good whole fowl wheat. 8a to 8s 3d per bushel, sacks tn. CUSTOMS REVENUE. The CnfltninA revenue received nfc the Wellington yesterday aggregated