Business Gossip

Sun (Auckland), Volume 1, Issue 87, 4 July 1927, Page 2

Business Gossip

Kauri Gum Markets. —The arrival, of kauri gum in Auckland for th, month of June are recorded at 35» tons. Though registering an increast on previous months, the extra gym handled is largely accounted for bj the fact that a new company hai commenced operations in the North, and. bv buying near to Auckland, ha, the gurn sent into this port for tray, shipment to its northern factory. Th, prepared product is then forwarded to Auckland for export. Thus por. tion of the output is registered twlc in the arrivals. The market con. tinues weak and depressed, and though a fair sale of rescraped gum was put through recently, difficulty was expertenced through the buyers trying to shuffle out of the contract. The Canadian Pioneer took a small consignment to New York this week, and the Port Hardy lifts another small consignment this week. Companies Reoistered. —One privat* and two public companies were registered in Auckland on Saturday. Details are: —Auto Service Station, Ltd, motor dealers, etc. (private). Capital, £SOO, in £1 shares. Subscribers: F. W. Pinker, 490 shares. H. E. Rankin, 10 shares. Cellconcrete Supplies, Ltd. builders. contractors, general merchants, etc. Capital: £15.000, in £1 shares. Subscribers: K. C. Jorgensen, S. A. Robertson, F. W. Thorne, G. K Morrison, IS. Turner, G. L. Goodwin and C. Kidson. one share each. N.Z. Wallboards, Ltd. Objects: To carry out an agreement for the purchase of certain assets of Builders' Composite Materials, Ltd. (in liquidation). etc. Capital, £5,000, in £1 shares. Subscribers: A. S. Bailey, J. F. Benson. H. Hitchon. C. H. J. Wily, A. Sherwin and J. Sherwin, one share each. MINING NEWS MAORI LAND: The mine manager reports for- week ending July 2.—The crosscut east has been extended 7ft, making the total to date 42ft. The country Ftill continues favourably and numerous small stringers containing nice mineral have been passed through during the week. OHINEMURI: The manager reports The drive north of Silversfream crosscut has been extended to 420 ft. The reef is a very large body, and the ore appears to be improving in value. In the south section the main rise to connect Nos. 2 and 3 levels has been completed, the rise having holed into the winze from No. 2 level on Thursday last. This rise ,ias opened up a large tonnage of milling ore of good grade. Lucky Shot.—The manager reports: "A further distance of 10ft. has been driven on No. 1 reef. The reef is heavily mineralised, and shows gold freely when broken down. Three sets of timber have been put into position. We have placed our receiver into position, and will now be able to make better progress.” Golden Age. The manager report*: •The drive south on , footwall of main reef has been advanced a further distance of 10ft., making a total distance of 50ft The stringers in footwall still continue to show gold, and at this point we intend to crosscut the reef to ascertain its width and value.”