MINING NEWS.

Dominion, Volume 3, Issue 679, 2 December 1909, Page 10

MINING NEWS.

.;■ WELLINGTON-MINING MARKET. • A-.veryfair business was done yesterday, but values generally, continue' 16W and with a downward tendency. The' day's, sales were as under:— :■'. ':.-'. :•■ .-,';-. '•/ , May Queen, 3s. Id; (third call);. -' '■ ■ i .New Sylvia. ss. 2d. (third call). . '.Talisman,',£2 65. : (second, call); £2' 6s'., '£2 ss.'6d.' r (third call); . •' ■-, Waihi, £9 lis. 6d. (flrst call), £9 12s. 6d. (second call). ■ •-> ■ ■.':.-•. . . Waihi Grand Junction, £1 IBs. 9d. (second call), £1 18s. 9d. (third ca]l). . Waitangi, 35.-(seebnd call). ' ■'..'■ .. Progress, 12s. 6d. (first call). :•' Boss Goldfields, : 9s.''9d. (second call), ,9s. 9d. : (third call), . ';-',. "'.;.. ". .. ' ■ ■ '~' : Muddy Terrace (Otago),. ;265.; : . (flrst; call).;: ... ■■-; : \ ;'".;... : ''::^u':tt .'.•' The -latest quotations, -with' last recorded salos,vrere as under:—' ■■■- '•'' :-.-■'■',;' :■ ■'■'. v,' ',:'-' ■".. ' , ■■''•' • .'Buyers. ■ Sellers. '/.Sales: - -.;.'.'"' ,£s<d.';\iß. i d; ; .£sl, Dominion '-..':' V...;...... •■ —. ■ ■ 00.i '../ —,• Kuranui ~;...•.....:...'...;...'/0.0..4/ y— "'',■—•' Kuranui Caledonian;.... 0' 1' 0. — " • ': '■—' May Queen •,0 3 0-033 0 3'l Maoriland : 0.0. 7. 0 0 91—:.. Mountain ■ King : J '-*-• ■01 ,0 '—'.-■ N;Z; : Crown ; ;. 0 5 3 —'.'■ ,■.;-_•-. New Sylvia o's -'2 0 5.5 :0' 5-2 Saxon' • "„■ ;..... ;...0;.l 0 0' I' 2'" — ,; Tairua-Broken Hills '..; .-—.■.' 01. 2 — ' Talisman ......'.';... 2 5 0 "2 : .S' 9 .'2's 6 Tangiaro '.. .'..;..-... 0,0.1 0 o'3 —'. Waihi. .'..;.. ,9.12 0 913 '6 9 12' 6 Waihi. Consolidated ;..'-0 9 6''- '-'—'" '•• ■—.... Waihi Extended- ...;..... 0 3.9- . - .--■ '—- Waihi Grand Junction ' 118 3 - 119 0 118 9 Waitangi ....;............:..... —.' .0.3,1 '0-30 BlacUwater '........:... 1;5 6 16 6' ■•—'-. Con. Goldfields 0 16: 9 017 9 ■ . ..-r Progross ~' 012 O'O 12 6 "■'■' — Kosa Goldfields. '~ ' 0 9 6 0 9 9-1 ■0■ 9 ; 9 Muddy Terrace .;.... ;16 0 — 46 0

A dividend (No. 19) of one shilling per share has been declared by the'New-Big River; Goldmining Company, and is payable • to-morrow. The manager of the Undaunted Goldmining Company sent the following wire yesterday:— Total return 15 ounces from boxes only. Will .wash up paddock; for Christmas. .',■.. : . ■'. .': '■' STOCK EXCHANGE. .. '\ . -'/ ■ ! ' (By .Telegraph—l'resa 'Association.)'•;-. i '•' ' ■ "•■■"■ , .Auckland, December i.. .The following business was douo, on the Stock Exchange this morcing:—Sj'lvia,-6s. 2d.,. 6s. ,6d.; Saxon, ls.-ld.; Waiotahi, 65., 6s. 2d.; Is. Sd.; Crown, 6s. 5d.,'65. 6a.;" Talisman, 16s. 6d., .465.; Grand Junction,, 3Ss. The following business was done at the afternoon call today:—Afay. Queen, ,2s: lid.,. 2s. lild.; Saxon. Is. Id.;-Waiotahi, 6s.'; N.Z. Crown, ss. sd„ 6a. 3d.; os.. 2d.;, Tairua.: Broken Hills,'is. 2d.; Talisman Consolidated, .ASs. : 6d.; Northern Steam 'Icon.), .6s. 4d. . -, ■■' / ■ , ' • ' . :,'.' '.'.-.. '•' -Dunedln, December l. : Stock Exchange; sales reported:—Union Steam, 335..'6 d.; .National Insurance, -28a.;- Talisman Consolidated, 465., ■ 465.; No. Town Creek,'" Ids. •; : '/. ■; NEW 'BIG. BIVEERETURN.-' ''-■ ■'".■ - : " :■'.'■..■ .-'■'.. Reef ton,. December l. : '.The New ,Big Eiver. return ■ is:'—Battery:. 407 oz. 6dwt. of melted, gold from 420 tons of stone; cyanide' plant, %oi. 4dwt. of gold from 350 tons of sand; total value, about £1660. The company has declared- adividend of -Is.- - A--number- of prospecting areas, are being pegged: off in tho vicinity of tho Big Eiver, owing to tho favourable mining reports to hand. . . V A BEEFTON COAL-MINE. /■' Reef Ion; ■■-. December' 1. An old Eeefton coal-mine, lately acquired by Messrs. . Gibson and Hargis; of llount: Somers; was opened..to-day. It' is"stated that a large,order has been placed in Hokitika already.' ' ; .. . „■■■•■ ■!■ ..-., -;_.•>. .;''.' ':' WAIOTABX TIELD. / , 'Auckland, December 1. ; During November tho Waiotahi, Goldmining Company, Thames, crushed and treated 138 tons of Quartz and 61b. of picked stone, for a return of 3540z. 18dwt.\ of gold,; valued at £949' Is. 6d. This represents a decrease, compared with the return lor .the jjreviouß month, when 163 tons of 'pre and 321b. of. picked stone, yielded, £1054 ilOs. 6d. During November, howover, work, in tho mine was suspended, for four days on account of the Government inspection of boilers, etc., this accounting for the Bmaller tonnage treated. ' The average of the present return works ont at about £6 17s. per ton, as against £0 10s, for October. . '■■ ~; ■PUMPING OIJT..\ Christchurch, December 1. It appears that tho Boss Goldlield Company's shaft has been unwatcred to a depth of 300 feet, leaving only 90 feet of water to be lifted before the bottom of tho shart is rbaehed.- The pumping becomes moro effective as lower levels are reached, and no difficulty is anticipated in completely clearing the shaft of water.