MINING NEWS.

Dominion, Volume 3, Issue 667, 18 November 1909, Page 10

MINING NEWS.

■ ;WELLINGTON MINING MAKKET.' ' ' Tho business done yesterday recorded a lower range of values for most of the shares transferred.: The 1 market is weak, and even the ■best o£ the nrininß. sharcs: arc difficult to place. The day's sales'vcero' as'"under:— , Kuramii, 7d. (third . call). .- , 'May Queen, 3s. 10d„ 3s. lid. (second call). ' , ; Waihi Grand Junction, 395. (first call), 395., 385.'9 d., 395., 395.; 395: (second call). . ■ Watchman. 2s. (second call). 'Boss Goldflelds,' lis.'(first call), 9s. 9d. ; (third call). ' ■ V : ■ QUOTATIONS. : • ■' The latest quotations, with last recordcdvsales, were as> under:—. ■ •

f; , stock;exchange.;-. : ■ IDy Telceraph.—l'reaa Aaaoclatlon.l, . > .Auckland,'November'l7. ; Business done. at this morning's ..on the Stock Exchange torday. included;— ' ' i ' \Vaihi v Extended,-4s-.ld; ■ 1 t • . Grand Junctions, as. 9d., 40b, Golden Belt, (paid), Is. 2d, ... Handsworth, 10Jd. . - Sylvia, 4s. lid. May Queen, 2s. lid. , . , Waitara Consolidated, 3s. ■' The following business was done at the afternoon call:— • • ■ May Queen, 3s. lid. - Waitangi .Consolidated, 3s. Id. ■ Golden Belt (con.), 81d. ... Tairha'Golden Hills, ss. 6d.Tairua Keefs (con.), 9Jd. Wailii, 1975. 6d. \Vailii Extended, 3s. 2d. . Waihi Grand Junction, 395. 3d. , New Zealand River Hate, 36s. 1 6d. ! Milne and Choyce (pr6fcrenceV 225. 6d. Quncdln, November 17. Stock Exchange salesltiso and Shine, 38s. Waihi Grand 39s. 1 3d., 395. 6d. (four parcels), 395. 3(1. Sales reported:—• Waihi Grand Junction, 395.' 9d., 40s. . Muddy Terrace, 225. 6d. . ' . " ,'National Bank, £5 IBs. 6d. '. Golden Bed,. 15s. : lIINING NOTES. Mountain King.—At the intermediate level the country is still a nice class of andesite. intor T laced with numerous mineral seams. There. ,is a large flow of water issuing from the face. The last M.feetmf driving, the reef has split up into strinpars, but has every appearance of coming together again as the level' advances ahead. In tho stopes, the reef is a nice compact body of ore, averaging 12in. in width, and shows strr«ag. dabs of gold, well distributed through the ore when taken down, Mountain . Queen.—Tho ' reef keeps about 2ft! wide, and still gives fair, dish prospects. • The countryi.is- still of, a. favourable class foij. gold, and toward the,face, a few" silica voins are crossing the reef, which should make an improve-' ment in the quality of tho stone. ~. . Wailii'Extended.—The south-east crosscut wasadvanced to ■ ,45ft., and since the lode was cut through. the ' country has been much softer. From the appearapco of the. stone, and of tho surrounding ...country, tho manager is conhdeut that he has No. 1 lode in hand. IVo first portion of the stor.e intersected has. every ap-pearance-of another ore body, which has functioned at this point with No. 1 lodo. In No. I drivo some preparatory work has'been, ifa progress, and driving up towards No. 5 winie was put in land that day. In No. 5 winze sinking' has belli continued on a steady head of ol Taifua' Leads.—The low level still'has a very promising' appearance, mineral seams being in evidence, ana quartz stringers occasionally met with. A contract to rise from tho level to the surface, a distance of ■ approximately, 90ft., has been let. • . ■'* ■■ . •"

■ r Buyers. 1 Sellers. Bales. • £ s. d. ' £ s. d.£ s. d. •Dominion • — 0 0 5- — Gold«n Belt - '0 13 Kuranui 0 0 6-■ — 0 0 7 Kuranui Caledonian — ■ 0 16.,.'— . May.'Queen 0"3 8.' 0 3 11 0 3 11 Maoriland 0 0 8 0 0 10 — •fountain King. — ■■■,- 0 1 3 — New ..Sylvia. '0-.4 9 0 .5,0 ' — Bolianoo. ; i— . .0 0 4 Saxon — '0.1 5, — -. Tairua Broken Hills 0: 1 '?• -'.0 1-. 4. * — Tairua'Golden, .Hills ...'0 .56 —'— Talisman 2,' 9 0 2 10 0 — Waihi . .. - 9 17'. 0 - Waitai.Grand Junction., 1.10 9 1 19 0 1 19 0 \Yaitangi 0' 3 0 0 3 3 ■, — Watchmin 0'. 110 ,.r, , ,, r- ,020 Oan.-'Goldflclds '— .0 16, 6.'. — Progress, 0 12 0-' '.0 12. 6' ' ■— Eobs :: Goldfields; .......i.:.. 0 \9 9 ' ,0.10 0 0 9 9