MINING NEWS.

Dominion, Volume 3, Issue 648, 27 October 1909, Page 10

MINING NEWS.

WELLINGTON '"MINING .MARKET. ■ , . ( Business is, quicti -and the number of sales made, now-is a mere fraction of what used to be the regular thing a few.weeks ago. Values aro still depressed. Talismans have had a further relapse. Waihi Grand Junction shares acei ncßlectcd, while in Auckland, they arc selling, fairly freely at a shilling above the W-linßton parity. The day's sales were as under:— Karangahakc, 7d. (second call). Kuronui-Oaledonian, Is. Id. (first call). Saxon, Is. 3d. (second call). Tairua Broken Hills, Iβ. 2d. (first calD.r Talisman,-49.3: 6d.; 495. 9d.. 495. 9d. (second call); 48s. 9d., 48s. 9d.. 483. 6d. (third call). Waihi Extended, 4s. Sd. (first call) Waitangi, 3s. lOd. (first call); 3s. 10d. (third New Big Eiver,;"4ss; 3d. (firet call). ' ■

QUOTATIONS. The latest quotations, with-last'recorded Bales. were as under:- . Bu erß . ' Sellerß _ Sales . £s. d. £B. d. £6. d. Dhon Consolidated - J 0115 - Dominion 0 0 3 0 0 5 - Karangahake ......:........- -'~ °j!'.' Kuranui Caledonian""" Oil 01 30 11 SSriSsr ::=:: ° lit -. N.Z. Crown 0 5 3 0 5 8 Now Sylvia 043 046 -. OldHauraki 0 3 o0 5 - Tafrua Broken" Hills'".'" 0 11- 0■ 1' 2'" 0' 1 2 Talisman- 2_8,3. 2 8 9 2_B 6 waihi ar o 4. e'. § < * ■o ; 4 9 Waihi Grand Junction' - ■ - .::::::::=:::::: 01? '°^° Watchman 0 2 5.026 -. Con. Goldflelds 018 0. 018 6 New Alpiua (paid) 05 0 — . '.—. New Alpine .(con.) 0.4 '9 — . New Big Eiver •■••-, IA -\ ' Z5 - 3 'rnirroSH 012 6 013 - 6 — Bosf Goldflclds' ■......,..■.. 0 9 6 010 3 ; -.. ■'•.■■■ STOCK EXCHANGE. ' ... ■ (By Telccrnpb—Press Aseacllivfon-J , .. \. .Auckland, October 26. The following business was.'done "at. the first. call o£ the Stock Exchange, to-day:- ■■ . : Talisman, 50s. 6d., 60s. ■ ■■',■■, Waihi, 1995. 6d. '.■ ■ : '■--.■ ■ ~ Grand Junction," 475. 6a. ,- Watchman, 2s. 7d. , . ' Bonanza, 7£d. . ■ . May-flueeni 45..3n. ..•..• •-. . , . Sylvia, 45. : 7d., 4s. 6d. . ..Victoria. Is. sd. ....: . Waiotahi, 4s. 9d.. • \ ■ Progress Mines, 13e. Eoyal Oak (paid;. 2s. 4d. ~..'■ Golden Bolt (paid). Is. 2d.. Is. 3d.. Golden Belt (con.), 7d. ■ The following business was done at the afternoon call to-day:— ..... Dixon's Consolidated (con:), BJd. Maenet, 4Jd. . .. . May Queen, 4s. 2d. New Sylvia, 4s. 2d., 4s. 14. Four-in-hand; la. : id. , . ■"' ; Tallin Consolidated, 49e. 6d., 493. 9d..' 505.. 40s. 9d. ' . • ■ Waihi, 190a....6a.-; ■■.. ■ : „••..•' .. ■ Waihl Consolidated, ss. 2d;,-6s. Id. Waihi Extended/4s.' 9d.,- n 4B. lOd.-ss. • Waihi Grand Junction. 475.. 465. 9d., 465. 6d. . Old - Alburnia (paid), 2s. Id. Handsworth, lljd. ■ ■.., .; ..■..■: . .-.. Saxon Is. 3d. . ■■ ■ ' : ■ Waiotahi, 4s. 9d. . .■■■,•,."■ Auckland Tram, (ord.), 21s. 6a. ■ ; , - • . ; - Dunedln, October 26. : Stock Erchanee.,sales:— , Golden Bed. 125.; lla. 9d. Eisinp Snn, 385. , _ ' May Queen, 4s. 3d., 4s. 3d. < Now Sylvia, 4s. Bd., 4s. 6d. Kuranui Caledonian, Is. 2d. ; Waihi ""rand Junction, 48s. (cicht week?). Waitangi, 3s. lid. ; 1,-.- -■/'., ,•.: ■ '■■■ New , Zealand' Drug, : ..46s. ,9d.,. . ..,..■' THE WAIHT EEEFS CONSOLIDATED, LTDi (Bj TelciraDh.^-I'rcJe. AiaociaUon.l ' '" ':,.. ! .; Auckland. October 26..; •Messrs. liussell and Campbell, of Auckland,, in conjunction with Messrs. Bell; Gully, Bell, and. Myers, of Wellington, to : day reßistered:,the;n(!w, company, which has been formed to take op tho Waihi Consolidated property. ' name -of the new company is "Tho Waihi Reefs. ConIblidated, Ltd." /.The .first■'■■directors ore tho .Hon. .J. D. Ormond nud Messrs.. N. A. Ntithau, 'Chas. Rhodes, and . 0.,'. K- Chapman. ( .. ''■'.'.. .'NOTE'S, . ' ; .■: ■' ;'• :: Watchman.-In the .Watchman "mine, Thames, tho low level haa'.been advanced lEft.,the conntry being of a more favourable class for.Gpocdy progress. A leader averacinE. sin.; thick has been met with, showing some good minerals.,, it has come in from' the righthand side, and croBS thti'lEce at'a loiwuife-le.' Tho-face wi'l requro to be-advanced a" few f°et. further before all the /quartz''-is passed through.'.• '•' Point Eiissell.-According to the manager of tho Point Eussell mine, four 6tope faces nave been in progress during the past week. He has also : started a rise to connect with the level above, for ventilation purposes Tho quartz broken out from the .different face 3 is. being saved. for treatment,-.but-■nothing'.in -the; way of picked stone has '■'■ been secured, although the reef looks well enough- in the different faces Tour feet has been. , sunk in the winio during tha week, and the lode taken' down being: about 6in in thickness,'but bow (enows signs ■of opening out, and carries some nice mineral. Tho couutry being passed thronirh is of favourable nature. . .•'.;. : ■ ' ,! .

Eoyal Oak.-In tho Boyal Oak mine, Coromandel, during the past week, the drive east from' the vrinzo has been extended - 6ft:, ■ with : no chaneo to report as to the sia> of the. leader: but colours and;dabs of gold hate been- Been freely in , -'the- stone when'broken down.. A reef is now coming' in/from: the ;bangro£waUside of the drive ■• fully-lft. '.in-width.... The - course is nearly .the. same as' that on, which tho men are driving, and having the opposite din it should junction with; it r below tho floor of the drive. Tho "etone looks promising, but no cold -has•:been .econ: , in it so far. ■ In Mo.-o fevel drive tho leader is still-.split up, in'the face, there being ftvo or sii.different.vems showinc. but at the time: of writing- the mineral in- , -■dications:metvrith , ,.Tfere ; 'moet encouraging. ■