Business Gossip

Sun (Auckland), Volume 1, Issue 73, 17 June 1927, Page 2

Business Gossip

Empire Reef* Call.—A further can of Id per share, payable on July S ha, been made on shareholders In Empire lieefs G.M. Coy. London Produce Values.—Under dai June 15 the New Zealand Loan and Mercantile Company are in receipt of the following cable from their Londor office: New Zealand butter, uj, tc 164 s a cwt./ cheese, S3s*to S6s a cm Markets steady. New Company Regiitered.—Tester. day one new private company was registered in Auckland. Details arc Der.ton and Wharfe, LA, cablaeh makers, builders and contractors, etr Capital: £2,000 in £1 shares. Suoscribers: G. Deaton, 400 shares; W. H Wharfe, 1,000 shares; T. U. M. White 250 shares: M. E. Wharfe, 200 sham W. A. Wharfe, 150 shares. London Tallow Value*.—Dated Jure 15, Dalgety and Coy. are in receipt of the following cable from their London office:—Tallow sales: 1,180 casks of tallow offered and 35 per cen.. sold. Good mixed ls lower: othedescriptions 3d to 6d lower; similar to mixed and/or beef, 365: medium and inferior mixed and/or beef, 355; -taferior, 31s 6d. MINING NEWS Golden Age.—For the week ending Juon 16 the manager reports: “Driving south on footwall of reef the drive has been advanced a distance of 10ft for the week. The leaders still continue to show nhL The quartz is heavily mineralised -and v would not be surprised to find gold in tfe main body at any time.” Lucky Shot. —The manager reports fm the week ending June 16: “Work «r. the mine for the , past week has been cue* fined to driving north-east on the attic reef, a distance of 10ft. The quarts is heavily mineralised and continues to abo* gold when broken down. We are opeoiij out on No. 3 reef to make room for timbering and the quartz shows gold Creel? when broken out.” HAURAKI.—The. manager reports:The water is now 60ft below the J#oft level. The Cameron pump has bees lowered away, and with one more towering it is expected to reach the gland of the bottom plunger. The late heavy rain was the cause of a considerable amount of surface water finding its way underground, all of which had to be pumped and bailed to the surface. A 3 the machinery is working well, and when the bottom plunger is reached 4he on* watering will be practically completed. Waihi.—The following information Iwu been cabled to the London office: For the period ended June 4. 18,483 tons of were crushed, resulting in 6,168 W* ounces of gold, and 26,316 fine ounces « silver, the crushing results for 22 day> Included in this return are 2,471 t»w mined from the Grand Junction are which yielded 777 ounces ot gold and ounces of silver. No. 15 level of non* section of the Martha lode: Driving ejj* 1 the next 15 feet assays 26s 9d per w At 122 feet we are crosscutting tt« The first 19 feet assays 33s 6d per ® and the next four feet 14s 9d P«r Edward lode: In the crosscut at 24- >*•£ south the last 12J feet assays 16s WFf ton. The full width of the iede here* 62 feet. Driving south is resumed »» the next 34 feet assays 24s *? n L«l* 2 diamond drill hole is in a total of 510 feet.