MINING NEWS.

Dominion, Volume 3, Issue 650, 29 October 1909, Page 9

MINING NEWS.

WELLINGTON MINING MARKET. The sales wore few in number yesterday, and there was no outstanding features. Waihi Ex. tondeds received souio. attention in the fore* noon, but- closed' quiet. The day's • Bales were as undor:— Saxon, . Is. 2d„ R 2d." (third call). Talisman, £2Jn. 3d, (first call). caU Extended, 6s, sd„ 55.. 6d., ss. 7d. (flr^t , Waihl Grand •Junction. £2 ss. 6d. (first call),' ■ QUOTATIONS. ; '' The latest quotations', with last recorded salos, were as. under:— Buyers. l Sellers, Rales,- ' £ s." d; £s. d. £8. d. flixon Consolidated — 0 010 — nonunion- 0 0 3 0 0 6.'— Golden' Belt, (paid) 01. 0 . — ■ — Golden Belt (con.) 0 0 6' — ' — Kuranui -. ; ; ...... _ 0' 1 o — Kuramii .Caledonian 012 014 — Hay Queen- 04 0 0 4-3' — Maonland — 0 10 — Mountain. Kintj — 0 13' — Now. Sylvia 0.4 2 - — — Old Hauralti — 0 2 2 — BcUance 0 0,5. — ■ Saxon . oi i o i' 2*o 15 Tairtia Broiten. Hills "... 012 014 - • Tairua Golden Hills ... 07 0 ' - J.J 0- 210 0 2 9 3 Waihl _ 9 17 6 _ . Waihi Consolidated 0 5 0 — — ; MM Extended 0 5 5 0 5 7 o's 7 Waihi Grand Junction . 2 5 6 2 6 3 2 5 6 Waiotahi — 0 410 — Waitanni .. .0 3 8 o3 10 - Watchman .; 0 2 5 — _ Con. Goldfields 017 9 018 3 — New Alpine (paid) 0 5 0 0 6 0 '— , . Now Alpine (con.) .0 4 9 — . : — Progress ... 013 0 013 6 - - Ross Goldilelds' .-. 010 6 011 6 —

6TOOK EXCHANGE. i (By Telegraph-rProsa Association,) " . Auckland, October 28. ,: ' Business dotin at' tho first call on tie Stock sxchanso to-day included:— May Guoeji, <3.' Waiotahi, <s. lOd. , . • Tairua Broken HiHs. Js..6d.' 1 "i Talisman, 50a. ■ S 1 Walhi Consolidated, 5!-. 2d. Waihi Extended. ss.'7d„ ss. 6d. '■■■", Handeworth, lid..' lOJd.' , '• Bank of Now Zealand, 1945. Auckland Gas, 3"5.Tho foliowini: bu&incss wan dono at the a'tcrloon*- call:— Bonanza., Bid. : May Queen, 45.. 2d. '' Monowai,. 23., fc. id. Saxon, la; 2d. Waiotahi. 4s. 9d. Consolidated Goldfielda, 18s. 6d. ■ Old Hauraki, 2a. 4d., '2s. Sd., 2s. 6d„ 2a. sd. : ■ Koyal Oak .(con.?, 25.. 4d. New Zealand . Crown, ss. lOd. Glamorgan, 6Jd. Goldon :Belt (con.), '6d. ' • Now. Waitoltaurir 31d., '-4d.-- , Tairua 'Golden' Hills; Ib. '4d. ■ Talisman Consolidated, 605., 495. 9d.• . . .:• Walhi,-1905.. 198s. ■ • ' . -.v.. 1 Waihj. Extended, 56, 6d. ■■■■ waini. Grapd. Jnactfon, 465.. 465,' 34.*'- '■■■' Taupiri':Coal, 19s. 3d. ■ ' '. WileohV-Cement (ord.l, 40s. . Auckland Tramways; lord.); 21s. 9d, '' oV i ' xi ' ' Duncd!n - October . 23.; Stock Exchange tales:—. ' Golden • Bed, 13s„ 13s, , Hartley and Itiley, 18 s. Mi,-IBs. 3d. Jti'o cad'.sbino,< 353., 355. ' Sales-reported ■Talisman,-495. 6d. . ' , , ' jKuranui Calodonian, Is. 3d., Is. 3d. "• 1 Waihi Eitendod. ss. 4d. 1 . Waiotahi, 4s. _10Jd.. i fid an '6s' lUnC '' on ' <5s - ed " {5s - <5». Waipori Vails. '4111. . Debentures 1923. "£99.i New - Zealand J)rUe, 465. 9d.'' . Rhine Sun, 3!s. . Golden Treasure,' 30s. ■ Watchman; 25,: 9d.' ' MINING NOTES. ■ !. n , fe F° Watchman mine is. at present confined .th drlviner a crosscut from tlio low. level to,.lntcwcot the reef outcropping on tho .creek. This,cross-' cut has-ntttv Men' driven for a'distance of BMt„ and. several pall quartz veins have been paescd through the past few days.- This would appear to .'lndicate that the reof .is now cloeo at hand, and may bo met with at. any time. .

.■Wtan«.-The .-drive eastward alont? tho haric."jewa'f ot 'ihC'.jtinin, reef -at No. 2 level in the ralno has boen extended a distance of iSSfi*. i rom 9)3 / ar A . a M the quartz'broken lCOft. from the old' foco,. and Che reef gives pav» able assay',valuos.< It is Intended to-drive a crosscnt-nt 'thia point throufth-the reef to the' icotwall, to ascertain the average value throueK > out.- In- the drive-eastward is -Doinp'Cp9timipd.,.^At- ! the low.>lovol the'tftdplrur •ope?p.ti§s«;-rtro<ii^tba«: intermediate *r»l6vel fcwr l , p i tho ftro J* bcinjt forwarded to tno'vwaiotahi battery for. treatment. , About 150 loads .of ore have • already been. forwarded to tno; battery, • and.' this is row in bourse of treatment. Jt'is also intended to trratia parcel of. the"reof;-at No. 2:level. ;Alburnta. r Tho leftdinp. stopV'in the Alburnia .mine i 8 boto*;carried alonf? on the hhnpirumll leader Qf.-tbo/maiirrcef>ttt the Sons of Freedom lovel, and, in-tho .book of .tho atope the lesder 18.separated,from thA main. lode by. several feet'. It appears to bo frojnsf,Btraipbt up. forming .a separate lode. • Colours of fcold havo been scm in tlie Btono dtirinf? the progress of tho>worh A winxe ia also beinf? fmnU below t.he level, v/hloh has now reached a • dooth of about 9ft..» ! and, from tho appeeratWc of tho.lmder at the bettorn it will 6trike. into the reef downwards In breaking down the Quartz,.in the winzostronß colours and dab 3 of fcold vr'oro seen.

; Blackwater. Miricß.—Tho. the Blnck. water Mines ia much m";e satisfactory than that or eltfior of its associated ,'undertakings dealt I with above. It is tr««s fho.t the profit and loss i account shown.',debit, but'crvnhin'tt ill prosre.-s for loss , than flvo months of tho year, rind .«COO was written VIT out of an in. como of rather less thim .flfim - From about 9200 tons Of; oro crushed daring tho period, a recoTory. of' 38s. 9d. nor tori was secured? expenses. oxrlnrlint? development. absorbed. 20b; fid, loaving. jv. profit of IQs. Id. per : ton,. or £Mo(j. For: the first gevon months of. the nurront flhanciM. year an. avorape -of 465, 4d: has been obtained from 14.4<n long milled i costs; including an allowance of ss. 4d. for panned out at 205., leaving a profit nf 265. <d. per ton, i or. £19,C00. Both, mine and mill were shut down during thecreator \ part. of. January .in consequence of labour troubles. Curront earnings, therefore, nro eonnr to nbout 15 per cent, per annum. Work .has- hitherto bocs 'carried •on wI f H; thirty. Ftampa and residues plant: a tube mm has Just :come into operation'; :• "With •'^retard. to the. position of'tho mine the general manager states that "the"siopeg shovr fjreat variation in tho widtli of quartz mined, malrini? close estimate of tho tonnapo "opened a diffl* enlt-matter; but, judging by . the area of- tho ground fttoped to-the end: of the year,, it. ia clearly demonstrnted t-)&t there was. upward* of 2* years'; ore-'blocked-out ahead of tho mill .at tho present-rate.; of consumption."