MINING.

Star (Christchurch), Volume LXVI, Issue 20510, 11 January 1935, Page 9

MINING.

Report* and Return* From Operations. SKIPPERS, LIMITED. The secretary cf Skippers, Ltd. reports that word has been received from the mine manager, to tha effect that heavy rains cittMd the river to riae, with the result that the forthcoming wash-up will be delayed. The rain will, however, have the beneficial effect of increasing the water aupplj'. which lately diminished to such an extent that the Diesel plant solely had to be relied upon for all the water required for sluicing and elevating. A later message states that the river la .falling steadily and work has been resumed. According to the mine manager, the wash and crevices are still snowing excellent gold. Mining Trust, 3#UL A dividend of 12J per cent ha« been declared by the Mining Trust. Limited, of Auckland. The dividend is the first paid by the company, which was registered a year ago. The company Is engaged In financing mining ventures. Maoctown Developments. Limited Macetown Developments, Ltd. reports that the prospecting tunnel has been advanced from lift to 28ft. The lode has maintained its main average width and vaJue; gold being frequently seen in the quartz. A winze will now be sunk to test the value and ascertain the pitch of the pay ore shoot on its downward trend. Samples have been taken at intervals of two feet, and assay results will be reported within the next fourteen days. The geological features Indicate that even better results will be met with at lower horizons. The track to the Sunrise Mine has been repaired, and examination operations will now proceed. MataJci Dredge. Per Press Association. AUCKLAND, January 10. The Mataki Gold Dredging, Ltd. reports that during the week ended December 28, the dredge worked for 137 hours for a return of 17oz 15dwt 15grs. Golden Arrow Dividend. DUNEDIN. January 10. The. Golden Arrow Goldmining Company, a private company operating a claim near Arrowtown, reports a washup of 240 z. The directors have decided to declare a dividend of 50 per cent, equivalent to Is per «hare. The company has been operating for nearly two years, and this is the first dividend declared. TRADE IN WHEAT. Britain Want* More From Canada. (Received January 11, 2.15 p.m • LONDON - , January- 10. A deputation of millers waited on Mr J. 11. Thomas in connection with difficulties due to the big drop in importation of Canadian wheat, of which supplies last year were 9,ooo,ooocwts below 1933. The millers urged that Canada be asked to send more, as a percentage of Canadian wheat was necessary in all blends of flour sold here COMPANY AFFAIRS. New Registrations. Registration of the following local companies is notified in the " Mercantile Gazette Pacific Steel Holding* (N.Z.I, Ltd.— ’Registered December 21, 1934. Office, 81, Cathedral Square, < 'bristcburch. Capital, £BOOO into 6000 shares of £1 each. Subscribers: Christchurch. R. H. Hill 200, A. J. Charman 200. J. Sugg. H. P. Fridge. H. H. P. Ballantyue I share each; Timaru, A. P. Ferguson, J. M'Meekln 1 share each. Objects: Iron fouuders. manufacturers and Incidental. Mfrandlte Products, Ltd.—Registered December 24, 1934. Office. 143. Hereford Street. Christchurch. Capital, £2BOO into 2800 shares- of £1 each. Subscribers: Christchurch, O. J. Wilson 50, W. M. Gimson 50. J. A. P. Phtlp 50. P. C. Elliott 1. H. K. Widgely l. J. Morgan 1. E. O’Connell 1. Objects: Mining and incidental. METAL MARKET. London Quotations. LONDON January 9 Metal Exchange «.iuotations are as follow, those previously cabled being given for purposes of comparison : Jan 9 Jan S

REAL ESTATE. Messrs Ford and Hadfield, Ltd., real estate agents, 131-133. Worcester Street, report having sold on account of Mr August his new» bungalow comprising five room*, situated Mays Road. Pananul. to Mr Poole. 6 W. E. Sinn?* and Co., estate agent*, report the sale on account of the executor of the estate late J. W. Storry, of the property Hegley and Moorhous* Avenues, comprising half an acre and 5 perches of land together with modern residence of c rooms and conveniences to Miss M’Gregor. 6 N. H. M’Crostle and Co., Auctioneers and estate agent*. 217. Manchester Street, report having sold, on account of Miss Piddam*. her modern bungalow of five rooms and kitchenette, together with i-acre of land situate No. *l. Paparoa Street. Papanui, to Miss Mullen at a satisfactory figure. DUNEDIN PRODUCE MARKET Reilly* Central Produce Mart. Dunedin. report by telegraph having handled the largest volume of consignments during the week in the history of their firm. Though prices early In the week I were somewhat low. to-day (Thursday) I the market closes firm for most line*, nil fru»t having a keener demand. The following will be of Interest to the 3d to 7d for flr-=t'’. and other 3d to 4d. French be»p* 4d. Butter bean* 4d. Scarlet runners *d to lid. Green »#•«. choice. 3d to 3)d. Vegetable marrow*. 13s cwt. Cucumber* practically unsaleable. 2* *d a case. Dessert apples to 2d per lb. 4

(Per ton) (P«r ton) £ s. d. £ m. d. Copper— Standard, spot 2« 0 4$ 28 12 1 i Standard, (wd 28 16 30J 29 1 10J Electrolytic si 10 o 3115 o to 32 0 0 32 5 0 Wire bars .... 32 0 0 32 6 0 \** ad— Spot 10 3 9 10 8 9 Forward .... 3010 0 10 10 0 Spelter— Spot 11 17 6 11 17 6 Forward .... 3 2 3 9 12 & 0 TinSpot 232 1 3 230 18 9 Forward .... 229 3 9 228 11 3 Silver— d d. Standard, o z 24 9-16 24 5-16 Fins, oz 2«i 2«J