MINING NEWS.

Dominion, Volume 3, Issue 684, 8 December 1909, Page 10

MINING NEWS.

WELLINGTON", MINING MARKET. •" 1 Only one sale was recorded yesterday, Erozress shares changing'hands at'l2s.6d. This i 6 the poorest day's 'business for . many ;months, and Indicates the market dulncsß; ' v The latest' quotations .were as under:— ,: Buyers. Sellers. - .'-■ •.■' ■ '= ■ .'-' ... ~-. ; £s. d. £s. d. ■ Dixon Consolidated. ......... .-..— ■- . 0 0 6 Dominion. ..;.......'...., — 00 2J Kuranui ......".;.„;....'...; _.. 0 0 7 -• ■/Kuranui Caledonian'....;..:.' 0 1 0 0-12 May Queen ; ; 0 2 9 : I'.l 1 Maoriland..;... ;...;....;......■ —'. 0 0.7 ..-•Mountain King ..:..... ' — 0 I'o . N.Z. Crown .....'....: 0 4 5 — : New Sylvia ;. 0.410 05. 1 Reliance — 00: 3 Saxon ...;.. .: 0;1 0 OU'2' Tairua Broken-Hi115.;...... 0 1,1 0.1:3 ■Talisman .;......;....„..,"..... 2 5-6 '26 6 Taugiaro 1....;.......'..;..;....- '—: ■ . — ■ Waihi ;.."...'. .„ 916 0 ',- Waihi Eeefs - ;...-...;......:..U.<i — '011.0 : : , Waihi Grand Junction'..; 115 3 ~'l-15 i - Waitangi ;.....;.;;... 0 2 6 028 ."Con. Goldfields '..... 0 18:0 •• 0.18.'9 , - Progress''; ...;.... 0 12-3 ;'0 12 9 '■'■ -Eoss Geldfields .0:8 9Vp:9."3. . : The following wire was received from the Consolidated Goldfields of Now! Zealand by the Wellington Stock .'Exchange, yesterday ;— "Progress mines, 13' Working days, crushed 2607," tons, -yielding gold, value ;£3225; eyanided 1585,t0n5, yielding £791; smelter worked 19 days, treated 135 tons, no matter .tapped; estimated gold in furnace, 196 ounces. '"■■ ■ "Wealth of Nations crushed 1740 tons, yielding £2494; eyanided 910 tons, yielding £536. "Blackwator crushed'326o tons, yielding £7103; eyanided 2070 tons, yielding £934."

. STOCK EXCHANGE.; . (By Telegraph—Press. Association.!

, Auckland, December 7. On. the Stock Exchange: this morning the following business .was'done:— , .-,'■• .••' .Kuraimi'Caleiloniani'ls.'2d„ Is. 3d. ••■May'Qußen,'..2si''lld.''.-■>;■ ■.•=<.- Mon'owai, "Is. '2d.,'v ! ;■'"'.•- "'■.. Albiirnia (coh;),-lsr.ld. ■Waiotahi,'6a. •■ '<■• 'h Hanraki, Is. 7d; >j..™"' : Golden.Belt ■(con.}. ; '6sd; ■'■ "> . • Talisman, 455. ' ,\Taihi, £9 19s. •■ ''->>.. : .- . ; Waitr: Extended,-<3s. 7d. ; ' ..-\ ■:<■ •. ■■■■.. /> Grand Junotion; 355. 3d.,.355. 9d.' '■•••■ The following :business''-waß done at the atternoon' call':—' •■ .'-. . ■'• ;•'.•■" ■ Kuranui, 6d.,7d. '. . .' Kuranui Caledonian, Is. 2d. , ■■'~' Hay Queen, 2e. 9d.,'25. lOd. \ • •* Waiotahi,' ss. ... • ■, Consolidated Goldlields, 18s. 6d. :.-.■'> ■ Dominion, lid. ■: ■'■■~.'■.■ -~ jp .\ ~ ) Pho'enix, : '4d. ■] ',-''?/'. '■■'■ , ; «' I A fcrtfcj. ' .;s Tairua.' Golden Huls, 4s.''7d;r«? 8d; s '• >;'■ • Talisman 465. 6d. v . '",.- .- ' Waihi Extended, 3s. 7d. v '* . . {L WaUii Grand Junction, 355.'9 d. iUuncdln, December 7. <" Stock' Exchange sales:—-—•. . ...■*■■-.,. \ •~-Waihi'Grand Junction; 1 355., 345."'9 d., 355. - . . - Sales reported:—.:" ■'■•''".■.- '. National Insurance, 270. 3d. ■_; Talisman Consolidated, "43a. 6d.~ No Town Creek, 10s.;. 10s;. -i . J ,-"... ■..

• . . ' TALISMAN- BETTJRN. . (By Telegraph—Press Association.) ,'■'■'' .'-•■' ... ' -:• Auckland, December' 7. During No'vomber the..Talisman. Consolidated Company crushed and treated 3950 tons of ore for. a • yield of bullion valued at £18,602 3s. ld. ; This shows' a decreaso of about £3, compared with the return for, : the previous month, when a 'larger tonnago (4040 tons) yielded £18,605 53. Id., so,that tho average on the present occasion is hiffher. The output for November, 19C8, ,was £23,173. Us.'4d.'from: 3604 tons. : >-■ ■"■>'■:'■ The'total.costs'for the past month were £l v l9s. 4d. per ton (as 'against £1,19 a. Bd. .per ton for ; October), and-wore made up as follow:—Mine development, 10s. lid.; mining, 13s. 7d.;-milling, 12s. 9d.;'general expenses, 25.. Id. The> total amount won from the mine to dato is £1,195,787 :14s. lid. '.' ■ .

"..■'' MINE MANAGERS' BE?OETS. '". ■ ■ 1 Tairua Golden Hills.-Tho low lovel is in 671 ft. ■< Tho. ground has shown improvement. At No. 3 lovel stoping and driving are ir. progress, and a considerable-Quantity of: payable .ore is being ;brolien from the stopes,. .while in the . drive southward on the lode a gradual improvement'is noti6eable, the whole: of the drive 'being'.'in quartz, all of which is being saved for nulling purposes. At present there is every indication of further payable reserves in this' direction. The hopper immediately below No. 2 level has been completed, and will, bo found of considerable advantago, while .stoping above this level. The aerial ropes have been connected with the anchorage at tho mine, and will : soon be risen to their proper elevation. This completed, forwarding ore to the mil! will immediately follow. Waitangi Consolidated—Mr. 0. Hudson (chairman of directors) presided at tho annual meeting meeting of shareholders in the Waitangi Consolidated G.M. Co.;. o= 'Friday, in. the Chamber of Commerce, Auckland. ,The,report and balance-sheet (as published)- were duly adopted. The chairman said tho mine was • opening ud very well, and assays showed that the ore was payable. : Mr. Hudson also mentioned that '.O.OCO shares were,now held in Wellington. Mr.:Woston. represented the Wellington' shareholders on the board of directors. During tho coming year the directors proposed to vigorously prosecute the low level to. unwater. the -mine; and get to. the winzes where they.know.that good ore.existed. - If arrangements .could be mado with the Bonanza Company to. pay- a nrbportion, the tunnel would--bo started from. the beach and go through that company's property. He believed that the £4250 would be Quito sufficient to, put in the low level. Ho hoped no further contributions would be required from the shareholders towards tho cost of putting in that low level Mr. Hudson mentioned thaf. at the. prosent timo two gentlemen from' Australia were-. visiting the field? to ascertain what sulphido oro could be purchased, the idea being >to erect a plant here for the treatment of such stonei if' sufficient was available..

The retiring-. directors, Mossrs.. J. 0. Colbeck and W. Eddovres, wore re-elected directors, and Mr.'P. Butler auditor. V