MINING NEWS.

Dominion, Volume 3, Issue 622, 27 September 1909, Page 10

MINING NEWS.

WELLINGTON JIININQ MARKET. ,'fhe past week was tho worst experienced in tho mining market in tho last six months Shares wore thrown on to the market at knock: down prices for no apparent reasons whatever ' The losses of. last wcoV run into several hn": ' dreds of pounds, and brokers and operators have learned a lesson. Forward sales fo Oimnclnlly-wcak speculators have been » mis" akc, and less of this will be done in "he future. Only three sales wore recorded in Wei. ' WmV n . Sa t U,r fe v ' Saxons sold at l". 4d :

The course of sales during the past week was as follows:— ,Kuranui Caledonian, Is. 9d. May Queey, ss. 6d., 6s. 6d., ss. 7d., ss. sd„ ss. 7d., ss. 6d„ ss. 3d.,. ss. Jd., Is. Hid., 4s. 6d., i B - 13- i s -'7f •>„?•■ **■ " d " *»• 7<i - Is- «»d. 4s. 6d„ 4s. 6d„ 4s. 2d. • Maoriland, Is. 2d. Mountain Kins (paid), 12Jd. * Mountain King (cori.), lOd. a Sy , lvia A *h U - A - * S - M - *»• M- <s. 23d., 4s. 4Jd., 4s. 6d., 4s. 6d., 4s. 6d.. 4s. 6Jd., 4s. 6d., 43. 6d., 4s. 6d., 4s. Sid., 4s. 6d„ 4s. 65., 4s. 7d., 4s. 6d. ~'■'(■ ■• . Old Hauraki, 3s. Pride of Waihi, 9d. . Baion, la. Bd., Is. Bd., Is. 7Jd„ Is. 7idi, Ib. 41d„ Is. 4d., Is. 3Jd., Is. 4d. Tairua Broken Hills, 2s. 10d., 2s. Bd., 2s. 7id., 2s. 7d., 2s. Bd., 2s. «1d.,-2a. 7d„. 2s. 7Jd.. 23. 7d., Talisman, 575., 575., 575., 575., 575., 565. 9d.,'«s. 9d„ 565. 9d. . Tangiaro, Bd., Bd., 7d;, 7d. ', Waihi Extended, ss. 6d„ ss. 5d., 4s. 7d., ss. Id. Waihi Grand Junction, 605., 605.,'605., 495., 48s. 6d„ 495. 6d„ 51a. 5d., 51s. 6d„ 61s. 41d., 495. 9d. Waiotahi, 7s. 9d., ss. Ud. , TTaitangi, 3s. Bd. Con. Goldßelds,. 21s. 3d., 215., 21s. 3d., 2ts., 20s. 9d.. ..,.,.: New Alpine:(paid), 4s. 6d. Progress, 12a. 64., 12a. 9d., 13s„ 135., 13a.,', 13s. 3d.. . . ' DEEDGING. ■ : (By > Telegraph-Press Association.) ■'~",-'■ : Ouncdln, September 25. Returns :-V7aikaka United No. I, 17oz. ldwt.: No. n, 190z.' 3dwt.; Blackwater, 30oz. 6dwt.; Muddy, Greek, No. I, 370z.. lOdwt.; No. 11, 130z.; Kising Sun, 60oz. 7dwt. '. . ~,.,. , ,' , ■ Dunedln, September" 26.. Additional dredging returns:—Alexandra Eureka. 90z.. 7dwt.; Mannherokia, 140z.; Olrig, 19oz. 14dwt.; Golden; Bed, 260z.; Molyneux Hydraulic, 28oz. 14dwt.; Else and Shine No. 1, 103oz. 15dwt. ' NOTES. Occidental.-In the upper level of the Occidental mine, Thames, the men havo been opening on the reef to prove its value, and tho result, bo far, has been tory satisfactory.. The break; at/ this level, says the manager; is'very 6trong, and at its junction with tho reef: split it into seams, but a'few feet away tho reef :again opened out into 6,inches of solid quartz, showing colours and dabs,'of gold. 'Much more work cannot,, however, be done there at present, as all of the workings are filled up, and no room is,left to stow mullock. Tho'manager is now starting to pass from 1 the low levci' through the old .stopes to open' up the'block in a systematic manner. • .:-..'. . . Waitangi.-Bop'ortiog on the operations in tho Waitangi mine; Thames,' duriris tho paßt- week, the manager, referring to tho western section low level, states that in tho intermediate levol '■the haneingwall portion of the reef has been' broken dojra for a height of 4 feet, and taken along -8- feet west of,the rise. The ore looks well,, carrying somo nice!veins of mineral and' some dabs of free gold. A start has been made in the western section of'tho. low lovel to take out a short,. loading slope cast of the riso. The ore broken out there also looks well carryingnico mineral ore, and a few dabs of free gold. In No. 2 level tlio. eastern',drivo has v bcen advanced 11, feet, the country penetrated being of■ a favourable description. Tho hang, ingwall stringers and tho main reef arc now coming, together, and Bomo good ore has bean broken out. There are ,43 loads of general oro from i the mine now in tho Waiotahi battery, and somo 20 additional tons ready to bo taken there, o

QUOTATIONS. ' . The latest quotations, with last recorded sales were as under:— Buyers. Sellers. . Sales, t, . £s.d. £n.d. £B.d. Kuranui :.,.:. 0 12 0 13 — Kuranui Caledonian ... — 0 110 — May Queen 0 4 9 — — Maoriland .; o 1 0 0 12 - N.Z. Crown 0 6 8 0 6 10 - New Sylvia 0 4 8 — — Old Alburnia 0 1 10 — — Koyal Oak - , o 2 6 — ' ■ Saxon 0 13 — . 0 14 Tairua Broken Hill ... 0 2 .5 0 2 7 — Talisman 216 3 216 6 — ' Tangiaro : : — 0 0 8 — Waiti Grand Junction 296 2 10 0 299 ™ K ;°'ahi - 0 5 0 0 5 It Watchman 0 2 9 0 3 0 - Blackwater — 17 0 ' —. Oon. Goldflelds — 10 0Progress - 013 3 — ■ Hoss Goldflelds — 0 15 0 —