MINING NEWS.

Dominion, Volume 3, Issue 631, 7 October 1909, Page 9

MINING NEWS.

WELLINGTON HIKING iMASKET. ■A good business wiis done yesterday, and thu market oxhibited a distinct upward tendency. New. Sylvias sold up to 6s. 9d., Talismans moved up to £2 12b. 6d„. w.ith a Btrong tendency to firm, Waihi' Grand Junctions mot witll ft good demand, and Consolidated QoidfleldS changed hands at 21s. ThO day's sales wore as under . Dominion, 6Jd- (first call). ■ ' May Queen, Bs. Id. (second Mil). New Sylvia, ss. Sd. (first call), ss. 9d. (third C! Bo'yal Oak, 2s. IOJd, (third call). . . Talisman, £2 lis. (first.call), id.- (second call), £2 129. fid.-(third call). Waihi, £9 14s. (second call), £9 15s. third call). Waihi Grand Junction, £2 10s., £2 10s, * £2 10s. (second call), £2 10s. 3d. (third call). * Waitangi, 3s. Bld, (first call). . Watchman,- 25.,10 d. (second call). • • Oonsolidatod Goldflelds, 216. (third call). ■ QUOTATIONS., j ! The latest quotations, with the last recorded sales, were as under:— ■ 1 Buyers. Sellers. Bales. £s. d. £s, d. £s. d. Bendigo 0 0 7 • — ■■ — Dixon Consolidated .... — • 011 Dominiofl 0 Mi,. — 0 0 ft Karangahake ~i .007 0 0 9 — Komata Beefs 0 0 6J 5 5 2 Kuranui Caledonian ... —•* 0,1 J . .r.. May Queen ...; 0 410 0 5 0 051 Maoriland Oil 0 1 J — Mountain King 0 13 — -7. , New Sylvia ; 0 5 8 - 0 5 9 Old' Hauraki .0,23 — —; •' Pride of Tokatea • — 0 1-0 . — . Royal Oak 0 2 9-030 0 2 10J Saxon 016 ,018 — Tairua Broken Hills ... 0 2 2 0 2*4 — Tairua Golden Hills ... 0* 6 6 0 6 9' — Talisman 212 6', 213 0 212 .6 Tangiaro — 0 0 7 — Waihi.. - 9 15 0.9 15 0 .Waihi Consolidated ... 0 5 5 0 5.6. — Waihi Grand Junction 1 2,10 6 211 0 210 3 Waiotahi • 0 5 3 0 5 5 — Waitangi. « 0' 3 8 0 310 0 3 8i Watchman 0 210 .0 3 0 0 210 Blackwater 16.6 — — Con. Goldfields ............ —.110 New Alpine (paid) 0 3 0 — — Progress 013 0 — — Boss Goldfields ; 013 0 — STOCK EXCHANGE.- < (By Telegraph—Press Association.) ' ' Auokland, October ; 6, . Business at the first call' of the Stock Ex* change to-day. included^ Monowai, Is. lOd. ; Sylvia, Ss.' Bd,, ss. 9d. Waiotahi, ss. 6d., 6s. 7d, Hauraki, 2s. fid. •' Royal Oak (eon.), 2s. lid. • • ' • Talisman, 525. 6d., 525, 9d, • The following business was done at this afternoon's call:— Dixon's Consolidated (con.), 10id. Magnot (con.); sd. - May Queen, ss. . Id.. - 6s. 2d. , New Monowai,. Is. 10Jd, New Sylvia, 3s. 10d., 3s. Ltd., 3s. 10d.- • Occidental, 5d.. . - Saxon, Is. 6d. . . V jtoria. Is. M. • . ' • Waiotahi, ss.*6d. ; . Waitangi Consolidated,'3b, Bd, Watchman, 2s. lOd. MontoOhristo, 5Jd, Old Hauraki, 2s. 6d, • 1 : Ngatiawa. Consolidated, 3d. ... N.Z. CroVm, 60. lOd.' . Dominion, 6d.- ' Glamorgan, "sid. ' Golden Belt (paid), Is. Id. .« Tnirua Monarch, 3d. . Waihi, 1995. 6d. - waihi Oonsolidated, 6s. Bd. . Waihi. Extended. 6a. 2d. , ! Waihi Grand.Junction, 51s. 3d.» 51s. fid. ' Waihi Grand Junction optlotis, 27e. 6di.. . Mountain King .(con.), Ib., Is. IC. • Pride of Tokatea, Is. Royal . Oak (con.), 2b. lid. Talisman- Consolidated, . Old Alburnia (paid), 2s. 4d.

'. Taupiri Coal, 20a, •. i Dunsdln, October 6. • Stock Exchange sales j— Waihi Grand Junction, 495. 9d.' Hales reported:— x ' . Talisman, iis,'3d., 62b. 6d. Barewood, 15g. Saxon, is. 9d. .» • . v May Queen, ss. • Waiotahi, 69. 5d. : ' v ' ' ' : Watchman, 2s. 10d. •:^ v - . Uhriatchuroh Meat, £16 12s. 6d; New Monowai, Is. lid. ' *'iV ;• ENGLISH CAPITAL AND WAIHI MINES. Atis telegraph.—Proaa Association.! , ... , . Waihl, October 6." . i The following In reforendo to the Walhi goid« i field appears in the.London,"Financial'Times'' ; of August 25:—'"In an article in our issue oftno • lbch ult. our correspondent direoted attentiou.to the possibilities attaching to mining' j arias' on -th 6 "Waihi goldfieida outside the' properties Of'the minee,' Wailii and ;. Waini.Grand Junction. • He • remarked • that 'It i was imrprlsing-that rnaao during -the last three - months in ,the., Waihi.' Grand ;• Junction, .which, hAd solved once for-all-the. problem as. to whothor the Waihi rcQfs aroi or; . are not- to the Walhi arcVhaa not led ■ to moro inquiry bciiiff mado on-this side about a field-of mining operations which otfera such undeniable testimony of its Value for., legitimate 3 speculation,v In-viow, ofr our correspondent's I , romark 4t is - intorcatinc: to loarn. f rom • New J Zealand advices' Just to hand by mail that min- * ihg matters are looking tip on tne Waihi field.

It is statod that , the gigantio group immediately north-east/ adjoining m the Romulus claim and pccupying wuat is refcardqd. as a oi position upon the oastern continuation ol the ore bodies now under . development in' tho Waihi and Waihi Junction mince, is about to .be token . in, hand. by .a London .'.syndicate, ,I'ho Pride of Waihi claim, which joins / the Waihi Extended on the north, has pasedd' into' .the hands of Mr. Gcorgo Arnold, the' Vendor .W tho Romulus syndicate; and, in all probability; ■will, in conjunction with his othor . holdings of •tho Waihi standard and. the Three Cheers, bo. placed in London. For the Waihi Consolidated, • lying immediately 'between the Grand Junction and the Waihi Romulus,, capital is, we' understand,, being found in Napier and Auckland, with the object of continuing the develops •ment work along tho lino of the main lodes; commenced ;some, time back upon .that pro* •perty.". •• ••• >

:.i : NEW 810 r.IVEB. ,V ! ' - (By Telegraph-Press/ Association.), >- • v Reefton, October 6. • The following is .the report for September of 1 the mine manager ot tho'New Big Klver Gold. Mining Co., Lta.:--I<ew eastern reef: The root <in 'these , stopes is small and is producing-Jvery' littlo stono. : The manager l has commenced to. sluK-a winze onahis DlocK on 4ft. of resf. >'Tho winze is now .at a depth of -Bft., 'and the.reef has widened considerably. The winze is taklug' bfi;: of i reef, and is loaving stono ort the footwall side ot.the winze, so tnat. the full widtn of the . reef cannot be determined. Coarse: "gold can be seen in the stone. Branch reef: Thestono won from this reef has been out of Nos. 12, 13, and 14 stopeH,-the'reef varying -from-one foot to six feet in width. Old. eastern' reef. stopes: The' reef' in these stopes' has maintained an average width of 20 inches.,;■ Coaerove's reef, Varies from a fow inches to 60ven feet in width. Main -shaft; This-has been" sunk An additional ,40ft., making a total of 196 ft. "from No. 9 chamber,' leaving 24ft/yet to be sunk; At present the country is very hard, but it is expected to complotetne sinking, and the placing 6f guides in position during the coming , month. Burins the month 200 tons from : Cosgrove s- reef and 340 tons-from-No.: 9 workings has been mined "and orushed for 6470z. 19dwt. of molted gold: 360 tons of sands have been cyanided for a. return of 83 ounces Bdwt. of bullion} total value, about £2825. A dividend (tho seventeenth) of >ls. per .share has been declared, payable on Friday, October. 8.- \ ; ' ' ;■■. y.REBFTON RETURNS; '•" Tolegraph—Press Astoeiatlod.) - V Reefton, Ootober 6. - The following are the Progress Mines of New Zealand, Ltd., returns for. beptembers-Crushed 3114 tons, yielding 9960z.: 17dwt.,. .valued tt £Aoß7' 9b. 7d., cyauided .2665 tons, yielding 3840z., valued at. £834; estimated from sulphurates produced. £614. - ... .. r •' '' ' Consolidated Goldfields (Wealth, of• Nations) Crushed 140u tons, yielding 4610z. 4dwt., valued at £1917 16s. 5d.; cyanided 830, tons, yielding 1 1480z., lOdwt.,- valued at £623 9fi. ♦ ■ ' Bliekwater Minfee,- Ltd. j-Cnished: 3125 ; t6ns, yielding 16700z. 7dwt.. valued at £6770 '2s. 6d.: cyanided 2435 tons, yielding ,3230z. 3dwt., valued at £888 13s. 3d. The Blackwater Mines.have now returned £43,362 . since' January. - Mr. - Wo. Kirwan, prospecting on the Big* River North, struck" a reef from • two ' feet to four wide snowing gold.