MINING NEWS.

Dominion, Volume 2, Issue 502, 8 May 1909, Page 7

MINING NEWS.

EXCHANGE SALES IN WAIHI AND OTHER STOCKS. fBT IBLEtinAm—riiis.f A 3 joe] ATION V . Auckland, May 7. "-The Auckland' share .market was less.excited' 'to-day, arid, a lar^e-, volume business was put' through in mining :'stocks, prices; ohowefl a slight downward _ tendency; which .marked .-a, raactioni';..-.Waihi Grand Junctions sold freely and wero firm, the prices realised, ranging fr0m.425.'t0 : 435., : t0'425. 6d; to 425.. 9d., to 425. 6d., with late sellers at 425. 3d., arid buyers 'at 425., Gd. ' Grand Junction • options firmed to 18s. sellers and lfJj. buyers. In Waihi Extended?: a', decline vas.i experienced,- free transactions taking place (2750 were sold) at froniVßs. 9d. .to Gsi '2d.', to 6s. 3d., to ss. 9d., to is.: 10d., moro being looked for at ss: 10d., with ,late' Sailers at' ss.'lid. .Waihi Consolidateds wore a ■ little firmer, sales', being ; recorded at from-2s. 3d. :to 2s. -2d. to 29. 6d., .with more in demand, at 2s'..fid., ! and sellws asking -25.,'-7d.-Therewjre Pride of Waihi at 7d. and Waihi'Beach at od. and 7d. Waihiil weredono at .S9 ,45., at which price , more wero offered, with buyers at X 9 Bs. • 6d.. . Talismans . were a shade firmer, selling, at 495. at, each call. The inajority of Thames stocks were; aosier. WAIHI EXTENDED. ' ■ (BT TBLIOEiPn—PRESS.ASSOCIATION.) Waihi,. May 7. The /discovery' 01- a strong^'mineralised reef in . thei Waihi Extonded -mine, .which adjoins the.-Grand Junction, . has ■,created general . .in- 1 terest in the district., The intersection of itta reef occurred in tho bottom lovel crosccut,. which';'was being "driven.' in order to piok ,np the main Martin reefs of the Waihi ..mine. Tho manager' stated that possibly it was tho Martha reef,";but until further development on' the reef, which is. being:.delayed owing to tho voliiine'of water'coming from.it, its true identity couli njt be ascertained. TALISMAN RETURN. ' f : -,i.: : '(DT teleqbaph—rntss ASSOCIATION.) Auckland, May 7.- ' During' thei' month :of, April, ;the; Talisman Consolidated .Gold-Mining Company, Karangahake; crushed, and treated 39C0 toil's of ore for a yield of bullion valued at J317,!W) 10s. sd. Tho total 'costs.for -the past month were : JOl i65. ; 3d., made; upl ,as follows Mine development,' 10s.7d.; mining,. 18s.-Id., milling, lis. Id.; general expenses, -2a. - The return shows a decrease com- 1 pared with that ;'for March-.(£18,478 from ;4140 tons), and an increase compared with the yield . for -April/ 1908:. (£17,296 : J'r im 40?6 : tens) Tho total-.won.from: the'mine to date is Ji1,067,631.s