COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18255, 25 November 1933, Page 15

COMMERCIAL

MINING NEWS Bell-Hooper (Cromwell). —Week ending November 17, 20az. 2dwt. Addison’s Sluicing (Westport).—9sox. for first wash-up, for 75 shifts. The work of preparing the claim of the Hatter’s Flgt Mining Company, on the West Coast, is proceeding satisfactorily. The first paddock, comprising about 25,000 cubic yards of material, should ho cleaned up by the end of January. The operations of the New Cornish Point Company at Cromwell, Utago, have ceased temporarily pending a visit by the company’s engineer, who lias again reported fully after a further geophysical survey employing the seismic method. From the subsequent reports it is considered advisable to commence operations from the Ivawarau end of the claim, and to abandon temporarily the Clutha end. The water difficulties, from the data available, should be no greater at that end. Tlio sluicing plant of the MoonlightNelsou Creek Company, near Blackball, is now coming to hand, and the work of laying the pipe line and preparing the plant for use is being carried oil. The Nelson Creek water race is now ready, and the contractors are engaged in bringing in 30 beads of water. It is expected to have the claim working at full capacity by the end of the year. SHAREMAEKET (Per Press Association.) AUCKLAND, this day. 'Sales on ’Change: Nolcoimti, 3s Id; Kuala Kumpar, 11,s lOd; Woolworths (Vic.), 7 per cent (prof.), 245; Wellington Woollens, £5 12s (id; Christchurch Drainage Board, £lO2 10s. WELLINGTON, this dnv. Sales on ’Change: 3} per cent Government Stock (1030-43), £101; BellHooper, lid. CHRISTCHURCH, this day. Sahs on ’Change : Commercial Bank of Australia, 16s iOil (2); Now Zealand Insurance Company, 56s 3d; New Zealand Refrigerating Company, £1 paid. 19s 6d (2) ; New Zealand Breweries, cum div., 37s (2) ; Anthony Hordern, 13s 3d; British Tobacco, 37s 6tl • Mount Lycll. cum div.. 22s Id; Alexander Mines, 13s 6d paid, 17s 4(1 (2) ; Golden Sands, cum div., 3s 2d: New Cornish Point, 6d paid, 7d (2); Okarito, 10s 3d (2). Reported sales: Commercial Bank ot Australia, pref., late sale yesterday, £1) 19s. DUNEDIN, this day. Kales reported: Bank of New Zealand, 47s 4d; National Insurance Compunv, 13s 10(1; Southland Frozen Meat Company, emit:., 31s (id; 4 per cent, 1049 stock, £IOO 17s (id; Waitalm, (is 2d (after call).