MINING NEWS.

Dominion, Volume 3, Issue 653, 2 November 1909, Page 8

MINING NEWS.

. : Wellington! mining. market. ■ .Business,'was. Tory! ..slack- yesterday, and';the sales recorded, were as under:—• - i : ■ New 1 Sylvia, -4s. 7d'.'(third call), '-r ~'■ ■: Waihi, £9:165. 6d.,' £9 : 17e. (third'cfiU).';'.■. . ..; i' Waihi-:Consolidated;' ss. ..(second call).'/ MVaihi. Grand Junction, £2 6a.'3d. (second call).' 'Waitangi,-'3s.. 9d.' (first.call). . . Consolidated -Goldfields; 175., 175.. (second call). . Boss Goldfields,; 14s.' 6d.j: 14s. fid. (first call).

. QUOTATIONS. V,;,.,,... The latest .'quotations,' 'with, last' recorded,'salea, were, as under:—... . .

« Buyers. Sellers. . Sales?- •"'• '' £gjd. . £s. d. £,a..d. Dixon Consolidated'••• o'o 10 '•/—''/■ Dominion _ 0:0 3 '."0 0 6 • — Komata . Eeefs — .0 0 7 — ' Kuranui. 1— :\- 0 0.8 1 ■ —•' . Kuranui ■ Caledonian ■0. .1.2.0."1 '4 ; — May Queen 4 0- 0 4* 1 vvi: —■ Mountain King - 0 1 'I\. N.Z. Crown .......v.......:, 0 5-6 — , — . New,' Sylvia i...........:..,;.. ,0 ,4 5 ■ 0 4 8 ' 0' 4 7 , Eaxon '. 0.1. .2 ■ - o'l '5.-. " — Tairua Brbkoh'Hillso'. 1 0 1 , ■—, ■ '';.'....;.......—;.. 1 ' 2'9 9.1' 2 10. 6 : •Waihr 9 17 6 • 9 17 0 :. Waihi Consolidated ... — *0 S 0 05 0 ■ Waihi.Extonrtod ;.. 0 5 4 0 5 6 — Waihi Grand Junction —, .2 5 0 25 J Waiotahi ■ — 0 4 10 — Waitangi .....; — 03 11 0. 3 9 Con., Goldfields 016 9 ,o'l7. 3- " 0-17 0 > N^w.Alpine'(paid) 0 •. ■—{- " " ' — New Alpino (con.):- 074 .9 i',o. s\6'i - — " :Prdßrcss 0-11. 9'■ .0 12-'3 - ' — :Eos3 Goldfields-'.'...;;...'..'' — j0 14 0 014 6

THE MINING SLUMP. , ' The Gytnnt -.of tho . slump in mining may 'be judged, from the ..fact .that'last month .about 1 245 transactions: were-recorded oil the Wellington Stock. Exchange, aa compared 1 .with, 482 in July;., last, a decrease of. 50, per cent.,^while-'the di!oli:ln values has been serious."^MosV I 'Welling-' ton speculators have lost money, 'and-It-is not surprising, therefore, that '.brokers'-should I.find ' busmeso . djill .''inst now. It is - interesting, to compare tve. orices ruling Jn..,Jtiljv .with, 4hose at the close;- of ! last' month. "JActual v'transafitidna as reported to the taken, fori the. following:— , ,i.'.';J Jtiiy,,'' October !'■ < > -. . w.. : v prices.,; prices. • Dixon Consolidated ..—.-....ii.!; 0 12'"2 -' 0' 0-'9 -Dominion V 0-V0 113' 0;'-0" 6i ■Kuranui Caledonian' 2' 41" '.O-rii-f 1 May: Queen ;...................:.....:.., v v.;v.-o ! '6.' , 4 ■ 0- r 4-, 1 : Mountain'; King'. :.'.'.'.-.:< F J)'-110.. 0' 1 ; 1 Pndo. or: Waihi 0 ; 1. 2 ■ '-0 0- U ,E6yal Oak • 0 ;4:'5;^. : 0 ' 2 2 Saxon ; V.O ,!'O. I'/ 2 • .Tairua. avs • 8 . *' 0- 1 21Tnlisman _ 2 li! S 3 ,293 Waihi: Consolidated o r .:{i"-'7'^«,o "5. 3.. Waihi.-.Grand. Junction 2.16: c • 5 ■ 9 : - Waiotahi 0 7, 9 0 4'9 0 -;4'i6 V ! . -.C) 3 io ; Watchman. -.... ...^'....:._. , .7,v*'o 2- 51 'Con. •Goldficldß' V.-^U^M , i.'^j'iV2 l «K i yyo',f»o'Jß. 0 ;Progress" A' few shares ;have risen,- WajhiljandfJScw Sylvia,,: for instance,- but tho advaflces 'aTo insisnificant • • -. . \ I 6TOCK EXCHANGE " (Br Tolesraph—Press- AsSbclatlon I : - * , - - .: Auckland,-November -1; V:'Business;.dbne- at^the^iYrst;and:;secb'hd-'caijs-of- the - Stbck' 'Exchange' 'included i—.':' : ~ May Queen, 4s. 2d.,''3sl-3d. •'' 1 '■ X '' -. ,VBylvia,-45.'5d.: ,to''4s. 7d.-! .. •'Saxon,'(ls.,4d;; . Waitangi, :3s. Bd., ,3s. ,9d.'"'. ' , ' EpBS; l's. . , i Hauraki,l 2s.- 3d.' to ,2s; ." *. \; . ! 'Komata Eeefs,'6d., . • ' • ' . . ' Pride: of:.-Waihi.- 9d.i 'Bd.''. ' • : :c ' v' 1 , ' Waihi'-Extended, ss.- 7d, to Ss.^'4d.' Waihi,-£9'lßs. 6d.. £9 19s. ' -■ Waihi ; Consolidated; ss. Id.-. - • - Gran'd.- Junctions,.44s. 1 '.6d.-to 455: '6d;; I'he following business was: done ,at the after-' noiin'caU 1 -to-day:—' : ', Halcyon, 3d.,' :'.- ; ! Itay^Queen,-4si'.2d.- : .■Victoria, Is.'.6d. . Old---Hauraki) 2s. .ld.'.'- -■ ■. .... .- . Hov'al,vOak--(cop.), le.' i 7d. . 'it* ..' 1' Golden' -'Belt'* (paid). Is.' 2d. !'•' " Tairua Monarch, r Jd: , ;' : v- :.... V"', ■ 1 ': W.iihi. • 199 a.- ISSa. : 6d;' 1 .-Vf : ;-Wtvihi-Extended. '5s. v .6d.,' ss. sd. • Waihi Grand Junction,"44s. 6d., 445. 9d..' 44« -6d' • «».,.$d., 1 445.i «s. 3d. K„ s ' ca '. Waihi Consolidated, ss. ■. Old. Aibiirnia , (con.),' Is.-Bd.' — r ' ■ Talisman Consolidated, 505.-'9 d. Northern..Steam (paid), -15a.,% :•- v.. ... Northern. Steam (con.), 6.3. Auckland\Tram (ordinarj), .215. : 3d;- ■ ' Dunedln, November 1- ■ Stock Exchange sales r-Waihi Grand Junction,'. 45s.'(three parcels).' Eonorted sales':—Waihi Ex-' , tended/ ss. 5d.; Wailii Grand Junction,' 455, ~ Stock 'Exchange . quotations:—i . ' Dredeing stocks: Alexandra Eureka,. buyers- Is'. '6d'.', sellers- 35.: . Golden Bed, buyers 135.. sellers 15s, ■ 6d.; Hartley ■ and Riley, sellers 18s. 6d • Manuherikia, sellers - 125.; Pactolus, sellers 8s 3d;;. .Kising'-Sun, sellers £1-183. 6d.; Sailors' Bend buvers <5..-■ - Mining stocks:-Boss Goldfields, tellers ,15s. 6d.Consolidated uGoldflelds. sellers . 18s. 3d.;, Mav Queen,: sellem;4s. 3d.; Waitangi, se'.!irs'3s. "10!. d.'Tasm'anian.Copper.- buyers ss.;'.Talisman, Consolidated,' sellers £2 -10s. 3d,: Waihi Extended, buyers ss;: 5d.,'; sellers ss. 7d.; Waihi Grand Junc-tion,-.buyers £2:45.; sellers £2 ss:. /. ' : : , " .1 Investment stocks:. Westport-Stockton! buyers 65., sellers 75.; Trustees' Executors' Company buyers 17s. 3d., pellers '18s. : -3d.;' D.I.C. (preference) buyers 55.; D.I.C, (ordinary), buyers £1-Is. .-

:.! ' . NEW SEEP. IN WAIHI EXTENDED. IBy ,Telegraph—Press Association ) ' i _ . Walhl, November 1. ; The now reel recently intersected in the southeast,-" crosscut in No. 5 level in..the Waihi Extended mino appears to be a crops lode, connecting the No. 2 lode with'the' No. 1 or main Jlartha, lode. : A crosscut, at' right angles to the lode is . now. proceedinc;- to tirove its width and has already penetrated for 15 feet of lliyhlymineralined ore, and there is yet no sign of the wall. .' This is the mast important development that :has. occurred in'; the Extended, and the fact of." this lode, being cut at tho 1000-foot level and. well to' l ,tbe eastward' of any workings on the field/promises well; for the. future. NEW BIG HIVER'RETURN.' 'By TrleEraph.— I'rcm Aiuinclatlon t i ■" . Reefton. November 1 •'i At the New' Big River, October returns are:— <60 tons crushed for 4410b. melted gold; 300 .tons of sand treated by cyanide for Sloz. lldwt. bullion: total vestimated 'value, £1325.-. , WAIOTAIII YIELD. Auckland.' November 1, ;■ The-TVaiotahi mining'.return shows £1054 from 163 tons of oro and 321b. of picked stone. >. :■ BULLION WON ' DUEING OCTOBER. Auckland, November 1. i Gold roturns for October show that bullion Worir amounted to £111,046* an iiicreaHe on; the figures ■ for the. corresponding month of 1908 of •£<o96. ... , .'. ,'.V. " ; I ■ ' MINING RHAKES. . ' ' . : 1 (By. '-,T6l6griaph:— PreEs Association -Oopyrigb t.) London, Octobor 31 ■ Waihl-Grand. Junction shares arO' QUotOd:Buyers- 453'.: Id., Mllett: 4b.;v>.