MINING NEWS.

Dominion, Volume 3, Issue 641, 19 October 1909, Page 10

MINING NEWS.

.WELLINGTON MINING MARKET. A fair number of sales were made yesterday, but tho market is wanting in buoyancy. The Bales for the day were:—- . Kuranui-Oaledonian, Iβ. 4Jd. (second call), Is. 4ja. (third call). Mountain King, Is. Id. (third call).. : New Sylvia, 4s. Uα. (third-call). Pride of Waihi, Bd.-(first call), Bd. (third call). Eoyal Oak, 25.. 2d. (second call). Waihi Extended, 45..9 d., 4s. lOd. (third call). . Waitangi, 3s. Bd. (first call): " . . New Big Eiver, £2 4s. (second call); £2 Is. (third call). ■ ■• ■: QUOTATIONS., •The latest quotations, with-the last recorded sales, were as under:— .'.'•■

■-..■:;■ ■ .-STOCK EXCHANGE./ ■ ' " . ' (By Telegraph—Press, Association.)'. : Meklan/, October, 18.. The following'business was done 1 at.the first call on the Stock Eichanuo tb-day.:^'.'." : ■:■ ■-.'• Point Eussell, 7d. '• , •■-.•'•■-. :''i'>■':,-■ Waiotahi, , 6s. 2d. .'',, :':■■'.■!':''..■ : ' Waitangi Consolidated, se. 9d; ;j;; ■ ■:: :■' " : Four-in-Hand, Is. 2d.. ■.-'•• - :-." : -\- ■ ',-.', Glamorgan, 7d. '■>'■.''■■ ' '. > i ', ■'■ .' Tairuii Broken Hills,• 2s. Id. , ' : .".."\'-\ Talisman, 51s. 6d.,-S2s. ■ c..' . ..:-...• . - ' ~ Waihi Consolidated, ss. 2d M 6s; Jd. .'. ■ '.' ' The following business was done'at tho after' noon call:— ■•.'•••'■' '■'■ ■';\ i i , '■ . ,' Bonanza, 7la«'.-" ■.-.-« ' ■ ' ■ i' Kuranui; ejd.; 9d."-;' ■■'.-. : ,-. !.-. • .'Magnet (paid),'sd, : V V'. ' .'. New Zealand-Orown,-6s. Id. ~ '.i.. ■ ■■•'■•..= Phoenix, 4d.-■■.."/'(■.'.'■■ , -•'.'. ''" ''' ' "-\ Tairiia Monarch, '3d.' s '-'.■■/ Talisman Consolidated, 51s. 6d., 51b. 3d.' , Waihi Extended, 4s. lid.,. ss.' ,; ' '. ' •;■■'' Waihi Consolidated,.ss.■ 2d. .. '.•;■....■•. Waihi Grand Junction, '495., 485., 6d..;485i, -47a. 9d. ■■. ■.. r, j -'; ••■.....-'■, ,'v:.,:-.',.-, s : i ;-,-,:>: Waihi Grand' Jnnctions, .optionej,.24s;.'£d. ,-:i; \ Mountain Kine' (con;), ls.,'4d:>',.■:■<:' '•" ■;' ,'!">■ . Tairua Broken. HMb,: lie.?lld:. V ! "'•■.. V vT; Watchman, 25. , '8d.,v25; 7d.'. : . *>■-" ."'l-,' "" Glamorgan, 7d.'.'- O ~•'■ ~ ■••',, .'■ •-,- New Waitbkaun,sd.',.•..■' , ./.:.', : , ' ;.'.> Golden Belt "(paid), lOd. '• ■~'•••, ' ) ■'. . Golden Pah; ; 4d.i,: .. ; '■• ■/■i '~..■,• :■"•.',.'■ ' May Queen,- 4s.' ?d.' : : ■: ; ; . .■.')!■■■■'.'■■',■■•■''. ••' ! Now Sylvia, '55.":. ■ : ,; ."■>:■ .;.'■ V ."•• ■..'' Occidental, 4«Lj■■■:■ -,'■■'.'.-■::.■■ ■. ' ■.''■'.; .■:. -:'. '■-■'■ '■ ■' Waiotahi.-ss..i d; -" 59 -'.W.',.'ss. Ud:,';ss. 2d.'.'. ' . Waitanei. O6nebUdated,''3s.'Bd.i-.35( 3d.'.. ."V. . Consolidated Goldfields; 19e. ■'■.■'.. '■ ■■>, : • .'. Old Hauraki,-'2s.' ,6d'., ,- ;-"■. ; i'.:•■:•.' '■■"■, i'.''-';■ . ' 1 Northern'Coai; Us.-.'6d.. , ..i V, ■. ■".>;■-: ;

■; ."'' .;■""•■;■:.:-OnnediriivQotober;ie. : :-:' ' Stock Exchange'' tales:* , "'v-' '■:■',''k' :>-;•-'.''•■ ' '~', New Sylria.'te. •■' Old Haurakl,' is:'■■ &';!• :■"': •.- ;. ■"•:.':/■, Waihi : Grand •Jun.cti6nV-.485.' 6d.1- ; '•"'. i,'-. ~"'.•: Sales roported:— '■:'■ r>; , . .v::-; ..■>',■ ', , Waihi Grand Junction,'. 495. 6d.'' v : ''• ;;.;'.: v Waiotahi, ss. Id.;;,• ■•... ~-;;, ;VV.'H.f: • The following "aro the Stock. Ifichange' , quota' tione: — '■•' -,'■ 'v , . I '.'.: .".■;'"'•;':'j'i, ''r-- :•':'■' Bredging stock:' Blabkwa'or, buyers":3s. ; 3d.,' sellers, 60. 6d.r ElSoti-lq,'sellers '46.', : "'.Golden.B.ed, buyers 10s. 3d., sollors.lls:.3d.j,,Goldon,Treasure, buyers 255.: Hartley;and , Kiley,;buyers 16a.,;'sellers 205.; Koputai,. biiyors 205,(,6d,,v.5e11er5,■225.' 9d.; Lady Eoiburgh (paid),''Eellero'ss.,6d;; ; :Manu. herikia, sollors 'Us. j': Molyneaux (Hydraulic, sellore, • ss. i Mystery Flat,'. eollcrs' 27a.: 6d,; QUigo, sellers 15s.■ 9d.i.'Sailor's Bend.-buyers:4s. '•':■■ :'■■ Mining' stocks: Blackwater. Ilin6a,t buyers 245, 3d., 6ollors 255..6 d.;, Nokomai HydrauHo. sellers 2<s.; Barewood, buyersM3s. 6d.,,'"sellers'■• 165."- 6(1.; Consolidated' Goldflelds, , buyers 16s.','sellere' 195,; New' Zealand Crown/ sollors"6s.- 4d.;"<.Kuranui. Caledonian,-buyor? Is., eellers Iβ. ;6d.;- May., Queen; buyer 3 4s. 6d., sellers 4s. IOd.; New Sylvia,'buyers <e. lCd., sellers 65.-Id.; Old Hauraki, sellers'2s. 6d.; -Watchman, sellers 35.; Talisman Consolidated, • buyers 515.,' sellers'-51s. 3d.; Waihi-. Consolidated, sellers ss. Id.; Waihi Extended/ buyers 4s. Bd., sellers ss'.;A7aihi Grand. Junction, buyers 485., eellers 495.; Waiolahi, buyers 4s. lOd., sellers. 'investment stocks:- National .flanks,', buyers £5 18s.;' Bank of-'New Zealand, buyers' £9 65.; Union Steam' Co., buyers '33b, 3d.,, sellers 345. 3d.;l)uncdin Stock Exchange Proprietary, buyers 535.; Milburn Lime -and Cement UOs.); buyers 13s. ed.i'-Mosgiel- Woollen Factory, buyers 56e.'; New, Zealand Paper' Mills,' sellers 235,; Dbnaghy's Rope and Twine,' buyers 215., sellers 225/;.- ■

. MINING SHAKES,, •..-.. ■'.*■■ . : London, October 17i, , Shares-Waihi Gold 'Mining: 'Buyers, , £9. 11s/ 3d.; sellers, £9>.135. 9d. . ■"■. ■ "■ -'■■■'. . ' ■■ .'•' DREDGING. :' ;■ (By Tcleirrapb— Prcas Association.) ' ■ ■ ■. Roolton,: October 18. Beef ton dredging returns.—Pactolus No. 1, 150z".' 7d\vt. forll6 hours; Pactolus N0..2, 250 i. 6dwt. for 12S hours; Worksop, ; 31oz. ldwt. for 128 hours. \ '.■.''. ■ .■■.'..,■' "■ ■•,; V MINING NOTES'. ' • New Alpine—The Wellington Stock Exchange has received the following telegram from" tho secretary r-Result of New Alpine, clean up from battery: 185 ounces retorWfl gold; value," £721 10s. From cyanide, 60 ounces; value, £160 ss. 6d. Total value, £881 15s. id.; tonnage, 400. Dominion.-'l'ho new adit'level Is in 98ft. , Tho broken country has given way to nice brown andesitc, with quartz veins crossing the' face. Mount Zeehan.—Operations have been confined to' tho south-end workings. We opened out on the f ootwall lode during the week, and when breaking. down a portion last Friday we say a few colours "of gold. Not sufficient work has beon done to determine which way this body of quarti is going to strike. At tho present tho width is fully 3ft. fJB. of,quartt, and with the present mineral Indications and real rood country surrocndiic, the chr.nces ef ttttint gold look very pronisiof. Diron's Ooaeolidxtei.-In Nβ. ! crosscut the friable quarts irkich for a tmt sart or the week corer<i ti« Uμ tie fill vUtli, M»t!zne« to l<»t ireli, and italis of ccM ware men. Ocoiiental Coaiolldatti.— Th« ltaix yus has net a care, which is now lulac llltd ia. Th> manaeer couiidors that the r<ef rtcently loceted in tht upper leveli Is lot SiUnticitl with the Occidental reef. ■ . ■ ■' ; ■ ' " . Hagnot.-Th« new Jipper leTel whioh is beinr pat In to intersect the main reef at a heißht of 172 ft. above tho low level, das now been eitended 95ft. Tho channel of country penetrated last- week improved' in ' appearance, showing a kindly white blocty sandstone, with a. number of small.mineral heads traversing it. During the weok two cmaU leaders were also passed through, but no told was seen ia Haiidsworth TJnited.—ln the" south, drive at the low level the eastern lsad is still givine a little gold ir. the dish, and the country is carrying nice cinnabar indications. Only one sbift is at present employed in the level, as, on account of the numerous leads met with, I have deemed it advisablo to put two shifts sinking the winze, and thus avoid making any mUtako. The small lead , in the winze - Is carrying very rloh gold, and looks like paying for. all'work done so {ci, independent oi the

other' loads.' The ' contractors' for tho " crosscut to intersect Huntly's reef in tho Irene section of tho mine havo only driven 4ft. for tho week,' making a total distance of 20ft. since -starting, They, hove ,eut. through: & .email reef, 6 to , .8 inches wide, which Rives small dish prospects. They ore through this, and are continuing on until Huntly's reef is'intersected. '• "•'-■• ■. New Wattaia.-In tho stope off the north rise at the intermediate'.-level-tho reef is. 6 inches wide and prospects payable. Jn»t no*, it is not showing muoh'visible cold.- ■ Stoping north and south off tho' maiu >ieo at this level ha« been started, as the ground is intact "through to-:No. 4'lovel for some • distance, along at. this point, and by dieh'prospeotß it appears to bo carrying payable bro. Tho; south drive' was Btopped to enable' the : manaror.to test' a- portion of .the reef left in the: wall at N0..5 level, going south ' fronr the orojsc.ut. -. At thotimo of writing,-.it -was' cut into , , stfc,' with.no sign of tho' wall,.yet.' ' Home 'very coarse • eold i» visible'throueh thie, and It !poko like, yielding .a .quantity, of' very <lecerit : ore, 'The battery started' runnii't on bro at 'mid-day on Tuesday last, and the-dirt-.ia. shaping for a «atiofactory return; Tho contractors. for the low level havo driven 161 ft. for the week, making a total distance of 85ft. since starting. The country is firmer at" prertent, .' due to tho number of quarts veins' crossing the funnel. •■Victoria'.—The' , country in the < drive hillward is of a very favourable class, and several quartj Btringers arc crossing tho fo.ee., The reef maintains ite size of oft., and a slight improvement is noticeable in tho hangingwall. portion, tho qnortj showing a little. bright, mineral. In. tho, ptnpcß the quarti looks very promising, ard .occasionally a littlo.gpld.ie seen.' :At the intorroodiatc.. the quartz- stripped produced 61b. of picked■' stone, as wired. ■ . . - . .

Buyers. , Sellers. Bales. £s. d. £'b. d. £». d. Bendigo 0 0 5. •— ■—■. Dixon Consolidated - Oil - Dominion — 0 0 7 — Golden Belt 0 0 11 012 . - Komata Beef a - O'O 8 ■■—■.• Kuranui 0 0 8 —. .'. — r Kuranui Caledonian ... 0 -1 J i 0 16 0 1 4J May Qnecn ..-....: : 0.4 6 ■ 0 4 10J — Maoriland .:..,.....: 0 0 11 Oil--. Mountain King (paid)'0 1 3 0 15 — Mountain King (con.) 0 1 1" 0 1 2 0 1. 1 N.Z. Crown 0 5 10 ■".-i v - New Sylvia 04 11. 050 04 11. Old Alburnia ; - 0 1 111 - Old Hanvaki ;. 0 2 2 0 2 6 - Pride of Tokatea ■ — 0 10. .— Pride,of Waihi - .00 .9- 00,8, Reliance ...: '.....: - ■■' 0 - Eoyal Oak ',0 21,'0 2 J 0 Z..2 Saxon ;... 0 1 S 0. 1. 5 . ' . Tairua'Broken Hills'..; - '■ 0. : :• - Tairaa Golden Hills.... 0 6 6 . 0 7,:0 . . -, . Talisman. 1 '..... ;..::;:.:.. 2 11 0 2 11' 6" ! • — Tangiaro '..; 1 0 3-00 ■<••-•. —!■• Waihi : 9 150 .917. 6 ■- -■... Waihi-Consolidated '... ■. - . 0 5.4,. . •;-. v . Waihi Extended ■...■::...■ 0 4' 9 ■■•,'';—■:••. ' 0. 4.10 Waihi Grand Junction , — 8 9 0 ■..—,', Waiotahi ...-:..'..:...'.:.. 1 .... 0-5 1 0 5 2'- ■ •: — ■ Waitarigi' ■ :.;...' ;.; 0. 3 '7' 0,3 9.\ 0 3 8> Watchman' ...:. r- • 0 ,3;10 -• -,:: Blackwatcr :. '.. — 15 3' . — .'■ Oon. Qoldflelds - 0 19 0 • - New Alpine (paid) ...... , -. 0 6 0. ' -. New , Alpine (con.)' 0 4,0 0 6 0,. — New Big Kiver <:....-. .-., '.2 f : 6 3 "4, 0 • Progress' ■ r..:.'.....:i::.....i.' =#■■■ ■..■•0-l8 ,, 9 >: ■'—.■■ noes. Goidfloids.....;..;.,.,q v-.e on o- .-