COMMERCIAL

Poverty Bay Herald, Volume LXI, Issue 18591, 29 December 1934, Page 12

COMMERCIAL

GOLD MINING

ALEXANDER MINES’ RETURN

Alexander Minos Limited in its report for December states that No. 3 level north has been extended ,17ft. mostly on stone. The face shows lode, but very much disturbed and broken. No. .'! intermediate, level north has been driven 17ft. on lode, varying from 2ft. to Oft. in width. The face looks well, showing a well defined lode about fift. in width. No. 4 north drive: ,18ft. has been, driven for the period on reel' track with .occasional boulders of stone showing. .Sloping has been carried on in No. 4 backs, and above (lie intermediate level. The reef in the eastern portion of No. 4 stopes continues to improve and is lengthening very fast northwards.

Battery: 3.18 tons was sent to the battery and 324 tons crushed for a return of 191 oz. lOdwt. of molted' gold. The cyanide department treated 125 tons of sands for 290 z. 2dwt. during the same period and a recovery was made from concentrates of 930 z. 2dwt. The total estimated value of these returns is £2070. In addition concentrates wore saved amounting to 11,443 tons, and' valued at £3OO. In. estimating the above values, gold has been taken at 140 s per line ounce.

THE PRICE OF BUTTER

(l’er Press Association.)

, CHRISTCHURCH, this day. Christchurch retail butter prices for all grades, will be advanced £d per Jl>. as from to-day. The increase is due to improved prices on the London market.

AUSTRALIAN PRODUCE

SYDNEY, Dec. 27.

Following are to-day’s quotations on the Sydney produce market: —Flour, £7 ss. Bran, £5. Pollard, £5 ss. Potatoes, Tasmanian, £10; Victorian, £8 10s: local, new, £B. Onions—Victorian, Brown Spanish, £8 10s; Queensland globes, £l3. Mafze—Yellow and white, 3s 3d. Wheat is not quoted.