MINING NEWS.

Dominion, Volume 2, Issue 576, 3 August 1909, Page 8

MINING NEWS.

t v " ' stock: exchange u c.i. - (By Tcleßraph.-Spccial Correspondent.). al6 i i Auckland August 2 i&lf Stock\E&liahge;to-day. Now Tienla jm- Insurances sold at ,80s. In mining stock tn< itdV •,was 4a ..slight ; downward tendency. • (I . May-.Queens sold at 6s. 3d., 6s. id.,, to 6s. < ur- to 6s 5d 11,01 nt, New Sylvias row from Is Id to i" M Da-' '&.- -id. to'-ls. 5d. : ; arid "then fell to 4s. id: Jer" :; r ;:y: a'Sy\ ,i'.\Waiitahis.\ftuctuatcd, starting ;at .Saturday id';/': -'pricoVof •;to 7s. lid., . er's "ad:, 7s; 8d:, ,7s;;3d;/: aiur'Ts: ,2<l. ;i-At the lc '3,cn1l thero was a slight rccovcry.to fS. oil. ai ird :7s:--4d::--y ngi l Waifangi Corisolidateds roso froni 3s.- lud. 3s lid „ „„ . _£G Consolidated Gbldfiolds went up from 235. 6 sifi ta-2is,: : J s. ; Royal.Oaks wero -45.; fid. on Saturday, ai os-: ifb'-day' .they::dropped to; oil; Contributing rshares-vspliv freely,..-starting id- 3s:-:9d., ! and-closing Xt ?,t'7d., l as against,-ba ;a- urday'-v price of 35.. lid. . ■. . 1;; : -Shares' in -the ,Tokatea.-.grtupiare: firmor.. 'Crowns sold, at 7s. 2d;;575.- 3d.,, and /s. 2d. >r- : !iTairua'ißroken :HiUs, ;25.;9d, to.2s. 10d. 1 , Tairin Golden Hills, 6s lid to 7- to 6s 11 "<•' Talismans,' V 595. V : 6cl." to 595. 3d;* v :..v Waihis, £0 lis to 10 lis Gd > :S. , i 75.; : :9d.' ,to .7 Bd. to :75.: 7d., ::■■■?:-s.-V; , - • 1 i Grand Junctions,. 51s. to .535.: Gd. to 535. I s° 525. Gd. to 525. V'-. i ; (I!y Teicfjr^pU.—Press Association.) ' Duncdiir, August 2 'it:'iv lSs .' Kuranur, Caledonian,- 25.,. r >d. (two parcels, 1. Westport Stockton, 7s, (3d , May Queen, 6s ,3d ;i j ,WMotahi,:yV7s.;|3d;:;;:;;;ySales .j.T^ \3d .•■.»?; .:•;» z.zg■'i? ! , -S< '10- v ; c ». fbllpivjiifi a^jfe^fook^EsohaiiMfatiot! '•■i'inisi—'Alexandra v ~Horeka; ,'/-sellers■':2d, U ;ls.VEleosc/;biiyei D ; .Bed, Omyers,.los it Sal lit 1! Ills., Hartley and Kiley, sellers .£1 1 ~ 9d, II nd Block, bujen> Is Gd, sellers 2 »•: :6di';/KopUtai, Xl7s.;Gd.;; llanuhenbi '■'■■■ buyers Bs., sollcrs: 10s., Molynou-V Hydraulis ,f) buyers 195.; .-'Muddy; Creek, •'buyers >£2 __10s. -y. !B;i^:>aridr.Shine,,.f^Uors,;^l..liS;; > ,Saiior u s lfent 3f' ••isllew3(K?.--Ma/^Queen,.'btiyers;'6&..Hy- Be llW _ 6s_dd , lioval Xlaltr-buyers 3s ,Gd , =ellcis 4s Consolidated Goldfields,' : buy«M. y ;^fil>2i.,.iCd.,-se. ; CMSolidftfedf .buyers';.£ h 18s fid, idlers £i 10 6d ~Tnrup Bioke Hills,- buyers 2s. ; ! „ selleis X 9 12 , Waihi Intended, bujers 7 & : Sd;,' .'sellers' 7s. : iOd. ; ; Waihi!.,Grand JuncUoi] , buyers SI 13s, seller- XJ 13s 9d , aiotal) % Myerii: 7s„ tellers; ifid % 1:^lOTs; ,;'ln sf?''®nce^%&^l''BsA3d.,filers K Standard' Insurance,'.buyers ,;3s..Westpor Coal; 1 buyers ; i!6'ilOs'., .' sellers ,C6'lss.;. West ii Dort'Slockton,.'sellers.-.Bs.V'Milbui;n'; Lime,(iilj n : ' •Duyar^l^S»/^llersfv^7S.*6dc;> : do:;!(lo^.^uyer (By- TcleEraphv—JPreaa .-ABsocfatlon-.iPopyrlelit.t !| ~ i 1 fertpi^ohilgnst 1. If V, ,Tlie;''f6liow(ng ! iare: i < Buywsj Sellers i Waihx !) 3 9 t 9 6 ji ;:':'Q 5 S.? J9 . i 1 EO&S GOtDrjfiLDS, LIMITLD - (Xly Aiisociallpn.) , ' HokitiVa, Augu t 2 ; ■ Lt'd.;7 posl tion ' One pmnp giveli a slioit. trial rui ■. it:j mine iiVa^ ; fedubed!by.\'lifti''and.itis:4xjected,thai 4 :the:aofuali'',wbrfc of-Uiifrdteringf the' .wa^ : belbonliijenced' on, Th'iirsilay..SeTftttl of th< s " 4C I 'levelsiybari:'ag6;A¥spr«ss.jtlfe^;'opiriibrivthat_;ii/ij sniiro "V wojk. y The . forii>aly■ opfeii ?oei;e»i9PJV, in■-^cioiiiJ ectioi: ,' with undertaking, .wnidli; is 'con-,sidercd:-f^;ibe,Joiieor", .the' .mostV-.^jnportanl ). iand,j»wJMtpke.:^l(iC3iAbput"iA)lgust>;2s;- / ; .TBt i. Hon.ivllW^LKe#;ff,'. ; i; tho the ri .'are tc 1..' -:be: ;/. ri'ti _ DpEDGIXG IN BIGHT EAKNfST -.I ,■'■ V; v '..., ',v..." ; 'S*Gpre'/^Au'ijust2. ■ ! : ;; Tile pontoons 'of whafefigciescribed: b s the largestgold,dredge. iii'l^te, v ',woi^d;' ! were sue- ' cessfullv-launched .at "Waikaka". Valley, twelve U mills' rfroro.'-i.Gore.-'-.au;- The ) measurements "of •the: , dredgeiv:will i 'bo '.—Lengtlv, t',: ,130ft..j, breadth; 'fefUj^depth,-Bft.,:. ; It'is-being •, built- 1 byi , ; .to'.'.,dredgo. itho r.deep '■ ! leids' r tb;: 50ftV:-;further,' if. necessary. J-. :Th«: cost ' will' 'be : fi*pm ;"i£9oo{>; ,te> ; - iEIO,OOO, ' .and ■[ tho ; dredge,will : lift IS(Ltoiifi. ...Speak/JiDs'to an i'Thsibh" Mr J A ; ; said:7-''|t i,. Wn'Hoo w«ll ; prOspec.ted for;.that." '/rhiS : bMiii?. 50,;4bb 'dredge''wip prolong/tbe .'life ; ■ f b'f ;tlio"':ihdustrV;,>in,.|:h'p .district.lfor.; nnbth'efi'2o ?'fekVs.JtiichT^'froiind!■that'/has ')jeerf.dv<!a;dy -dncdar'tit?-H'i!l -'Vo A'tfttirptl' ! oVer■: again; t Olily Mr i. ..cftntljfjthese-deeper-'.leads-were 'found, to: exist. '• believed ,',tbi hold ,;gold : noyer , dis : .'tiirbed,',byl;;thb;.stream.;';... The „re.sult .will be i dwaitsd' i wirh .'rcorisidera'ble interest. : .'' ■ i i'i V. J ?i'l.': ■.:,' - ■ -'V:.'; ' \ ■' ; ,- WEST CO VST DREDGING i Rebfton,.'"August 2.:. f. Big'^EivoryJul >• ;from^,s26: ; ;tbiis:;(ba\tcry)iV l aildiV^ o f.'^^™.' : - Wl--1 iliori' frpni:V3oo 'ton's: (Mnd),)o,f a;.total,,value of ' ■abbiit' ie'2loQ; New - Olster,°32,-tons; IGoz. 7dwt. i{baftcry);'i : aV|d; sQok. total valiib; ? i'SBo.". ; ({KijepKilfc cDark;:'i;l2sQ-' tbris (Crushed for /i700z." : v 'l3oz.; 17dw't'.'' (cyanide);; total; 3Ubz.-;odwt. '< M y i\EW BIG RIVrR : ■'-i'ho .';fo ; iloiviDg..? teiegrain iha's: been l -received J >from« Eeeftohv<. by, : tKa'- .;.Stbiki , Excjiange,' Wellington New ->Big .lliver: retiirii, for :Juiy: ; Battery, .5204 tphsiiiruslied ••for.'ciaToz.-,.'melted jgbld';'; and / cyanii^, : i , -"440?.':y.19dwt;. ( of: -/bullion, j .! total '" value .'.for - tlKi'i'n'oiith, about : ■ ty-l f»s\rk " r «IHE WOOL T^r.~. -V '■ V'-' ■ f : COMPETITION "BEIWEIiN AUCKLAND "AM) WELLING lON • (DyT TcJusf rCorrcsp'ondcßU u 'D /K Auckland, August 2 I by' ; 'JL'... 1i1.,: Wjly : bour.Bparu, .toVthe'.otfcci, tliat. in' liisybpinioii iLe?'"mEjor ' pprtibii, of; the -'wool {rage' from ■'WaEicr' -.VandrTwaria ;by .: tho . Main, jj let; ut<jtoviwifchi .miiiis.-of,"-Auck-land^ 7 will-- soirV-'.bo''' cliybrted .'W : attcutiott- in, ''cofcinercialVcircles;;' ; ,/'■•-.: ..4.: .-.'5 : Vv::' I.A'slse'sf .'by., at',\Herald ". r«prjßißcntauvo. for . -Hon; .tho: Auckland Harbour Board, said:: " It is all a ques-tion-of- freight.' If the woolgrowcr, according to the. district,,.in .is- located, finds , that the. frcfgh't ito Aucklatid, lie Ills'Wool^tb&ucklahd,: but if,v ; on.. the'.-'btKer . ; Jiand ? '; ; rijiids-,;' to ;6^rfd- 5 -to/iV^y4lJin|^ohvr'^;fr ! S?ill?'.«ei>d"'yi"' i '-tb Weliingtori,.-.'Wellington''' must,' iiaturally, get tho Hawke's Bay : wool .- and,-,jilsp: a'. : ;igreat deal' of tHo I'lirinakiiwoolj but oncevtho fcjtratfordOngaruo liiie is through,- Auckland will get ■its'.'duo''proportion of the.- wool grown in the: latter.' province. iM Th(i bulk ''of '.th'e': Tai inaki .;wool' at:preseni 'sea, not ,by''rail."''" .' '' //'" ' - Mr Penn, wJio is 111 charge of' the .wool department. af Messrs.. Bucklands," thought :it po'ssible that -. one""Sr"; v tw6 of ,'tlie"Jargei :.grow;ers in the; Waikato sind King Country >might.,be : inclined. to'.'try it,, 'ajid send their, lyooi •to Wpllington; 1 but, inspite of. • small .lbkses, ;ho.'di'd'hiif "think; the. trade diverted from Auckland would amount to, much, though lie; admitted that, there was Very litt-lo chance . df: .Auckland'/gaiiiing -to ' any ■ 'great oxtcnt. o'hb'' respect, however,' ho. said, : : Auckland iva* gaining now,:,'for, last week they 'gb.t a immbe'r of 1 Siheep' 'from; Wanganui for 6a!e, and the. week before some from Ohakuno. With regard: t<s Napier, Mr. I'enii'.said 110 did not think any ; of the Napier wool" Would, bos diverted, to; Wellington. Napier: had -their owii - sales, and:, it was >>iot , likely., that tho Napier', people, would:pay".from.-'7(i.-, to 10s: a bale to send .their wool to AVel- ' 'Xhe acting-manager of tho Loan and Mercantile Company . said has; lio-, tiling to fear. i l he 'chaHces.'are.more in,favour 'of r its ; gaining than' losing. Napier does its own uvool business, arid we: do viiot get .any of fit; fhougli 'there.'is a: certain, .amount from thp '-East Coast, but not - very . much. '-' The. mii-ket' here'.will, lose nothing,' and Auckland will get a fair share of the wool from down th<j line." ' "' ': ■"'■!• .