MINING NEWS.

Dominion, Volume 3, Issue 698, 24 December 1909, Page 10

MINING NEWS.

WELLINGTON MINING MAEKET. '. A' fair' business was done yesterday considering that-brokers were-.in a',!ioliday mood Tho year... closes; with- prices, at- about ,their lowcßt level. . The : sales . recorded ; yesterday wore as under:—. ' y.. -; ■ . :.. ' May Queen," 3s. 5d. ; (second call). ; ■■ Saxon, Is. Sd. (Eccond call). • -y Talisman,: 405..' 395. 9d;-(second ! call). - Waihi; £9 13s. 6d.. (third call). ; Waihi Extended, 3s. -'sd. (third call). i . The latest quotations, with .last recorded sales word aB under:—,, ,;. ■■ - ■ tIUOTATIOKS. , ' y'-'' - " liuycrs. Kellers. Sales. .-' £ a d. £ a d. £. a .d. : Dominion-' — , o 0 2 — Kuranui Caledonian- .....0 1 2 ' — . _ May,. Oaeen .:..... ....' 0 '3 8 0 ;j io • 3 • 5" N.Z. Orown' 0. 5. 7 0 5 9 • Old' llaurald ................ o'3 5 037 '- Keliance 0 0 4 0 O'4S ; — Saxon •. ;....... 0 1 4 - .0 1 ■ 5 0 15 Tairua Broken Hills 0 1 1 — - _ Talisman .....: 1 19 9 2 0 0 1 19 9 Waihl Extended 0 3 4 0 3 6'. 0 3 5 Waihi Grand Junction 115 3 ' 115 9 _ Waitangi 0 2 Si 'O 2 7 _ . Blajkwater - , — . 1,6 9 : _ Con.- Goldflelds''l...;™... 0,17- 0. .0 17 6 New Alpine "(paid)— 0' 1:6 ' — New Alpino (con.) ...... — 0 1 3 _ Progress — . • . 0 13 0 ' — Boss Goldflelds 0 0 3 0 8 9 ' -:'_r • Tho course of .sales during' tho month was as : follows:— Kuranul-Caledonian, Is. 2d., Is. ld., ls.'2d. May Queen, 3s. Id., 35., 35., 3s. 2d., 3a. Id.. 3s 1d.,-2s. lid., , 2s. ,0d.,, 2s.' Bd.. 2s. Bd., 2s. 7d . 2s.' ' 7d., 2s. Bd„ 3s. Ed. , " ." ' Crown, ss. id., ss.' Zd., 4s. :Bd., 4s. lCd., ss. *New Sylvia, ss. 2d. ■ Old Hauraki, 3s. lid., - 3s. 2d„ 3s. 3d., 35." 3d. 3s. 7d., 3s.' 5d., 3a. Bd., 3s. ,8d„ 3s. 2d., 3s. 5d.! 3s.\6d. ■ ' Royal; Oak, 12id„ 101 d. Saxon, Is. Id., 15.,1 d.. Is. 4d„ Is. 6d. Keliance, 4{d. Tairua Broken Hills, 121 d., Is. Ud., Is. Id., Is. 2d. Talisman, 465., 465., 455. fid., 445. 6d., 435.. 4Es. 3d., 41s; 9d., 425.,. 42.,'435. 3d., 435. 6d„. 465. 6d„ 465. lid., 455. 6d., 455., 445., 435. 3d., 435. 6d„ 435.. 425., . 4Zs.,' 41s. 9(1., "425., 425.. 435„ 435.,-425. 9d.. ,425. 6d.,'425.. 3d;, 1 435., 435." 3d., 435., 435., 435., 435., 435., 435.,'435., 435., 435., 435., 41s. 6d., 41s. 6d„ 41s, 9d„ 41b; .3d.,'-'4os., 395. 9d., 40s. 3d., 405.,. 39a. 9d. - . Tangiaro, Id. Victoria. Is. 2d. / Waihi. £9 lis. 6d„ £9 12s. 6d„ £9 13s„ £9 135.. £9 13s. 6d„ £9 175., £9.175., £9 17s. 6d„ £9 17s. ed.. £9 155., £9 14s„ £9 .135., £9 13s. 3d., £9 135..6 d- . Extended, 3s. 5d;,. 3s. 9d., 3s. sd. , -'Waihi Grand Junction, 38s. 9d., 38s. 9d., 38s. 3d., :385., 375. 9d.. 345. 3d., 345.i 345. 3d.,: 365.,, 365., 355. 9d., 355. 6d., '345. 6d., 345. 3d., 345.-, 345.;3d., 345.-3d., 355., 355. 3d., 355., 355., 355., 35b. ~ Waiotahi, 4s. lid., ' '' t Waitangi,- 2s; fid.,: 2s.- 6d., 2s. 6d„. 2s. fid. • Consolidated Goldflelds, 18s. 3d., 18s. 3d., 18s. 3d,, 17s. 6d„ 17s. 9d„ 17s, lOjd., 18s,, 17b. 9d., 17e. 6d.

Now Altuno (paid), Is. 9d., Is. 6d., Ib. 71d., Is, 6d., -Is. 6d. Now Big River. £2 2s. ProgreßS, 12s. 6d., 123. 6d., 12s. 10d., 12s. 10d., 12s. 6d. ltoss-Goldflelds, 95.'9 d., 9s. 9d., 9s. 3d., 9s. 6d., 95., 95.; 95., 9s. 3d., Bs. 9d., 9a., .95., 95., 95., 95., 9s. 3d., 9s. 3d.. 9g. 3d., 95., 9s. 3d,, 9b. Id, Muddy - Terrace, 265., 305., 28b., 28b. STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland, December 23. , This morning's sales on the Stock Exchange wore as follow:— ■ Bonanza, sd. r May Queen, 3s. 9d. to 3s. lOd. Boss Goldfields, 8s; 9d. ■ : . ' Old Hauraki, 3s.' 6d. to 3s. Bd. Eoyal Oak (con.), Is. 2d. Saxon. Ib. 4d. Victoria, Is. Id. D.5.0., 3s. Wilson's Cement (ord.), 445. Kising Sun, 4d, to 4Jd. Tairua Broken Hills, la.. 2d. to Is. 3d. 1 Tairua Golden HUbs, 4b. 9d: to 4s. lOd. Point Hussell, 6d. ,; Talisman, 405.: t0,,405. 3d. Waihi,' 155?.. Biackwater, 265. 6d. to 275. : Waiotahi, 55., ' - , Waihi Extended, 3s. sd.- " Grand Junction, 355. 9d. ■ The following business was done at the afternoon call:— May Queen, 4s. ' * Old/Hauraki,* 3s. Bd., 3s. 9d., 3s. Bd. ' New Sylvia, 6s. Id.. . Saxon, Is. sd. . Golden Belt : (con.), 6d. 5 ■Talisman Consolidated, 40s. 3d.,'405. 9d. • Waihi, 1955. .. . ... Bendigo, sd. ■ / . .' Tairua Golden Hills, .4s. lid. - / . . South British Insurance, 545. ' ' DunoUln. December 23. ■ Stock Exchange Bales:—Old Hauraki,. 3s. 7d. to 3s. 7d.; Waihi Grand Junctions, 355. 6d. Reported sales:—Muddy Terrace, 255. 9d.; Kuranui Caledonian, Is. 2d. '

MINE MANAGERS' EEPOETS. -..May. Queen.—'The footwall ;,branch"of No. 4 lode is being, stoped on as usual at No. 6, level, and still, looks we.U. -The cuartz is showing gold pretty freely at cach breaking down. Tho intermediate drive has now been extended about 50ft. on the hangingwal! branch leader, and for the whole distance the ouartz has shown cold, and frequently yielded a,.little picked stone. A i,drive.-to cut the leader is now beisg.put in at No. .6 level. Stoping on tho footwall branch leader going eastward is in progress, and from the cuartz'broken during the. week a ; few, pounds of picked stone, have been selected. At the' battery crushing Is in progress, and tho cleaning up will . tako place - some time next woek." In the Moanataiari Eection,. the hanginEwall leader in the'rise is, now showing halfway across. It carries good minerals, but no gold-baa been seen. ' Kuraiiui.—No, 1 reef west (shaft loader) \was. broken down, and a few colours of gold were seen., 'No.' l reef east is a fine body of ore, 12 to 18 inches .thick. The manager adds: "Tho prospects at: present arc most promising, ao the ground ib virgin and tho reefs gold-bearing. . Victoria.—At No. 1 level the lead- in the 6topes has' improved in size, and fair .colours of gold were freely seen in tho stone, broken la3t week. In the.' winze. below No. 3 level the reef averages 14in. in width, and has every appearance of improving as depth'is gained. -Ten. pounds of Guartz from ,this reef returned 15oz. of gold. The value of the bullion from 15 loads of quartz and 151b. of picked stone Yfas £131 155..3d. . Itoyal Oait—The winzo 02 the leader haß.been sunk : another 4ft. . In the western end the lead is large, and look 3 well'enough to make gold, at any time. Nice minerals appear to bo forming in the footwall side. At the-eastern end-tho leader is smaller at • present. . Colours of gold are still obtainable every ■ breaking. down in No. 3-stope from the winze eastward. ' Only a Bmall block is now' left there overhead to take out up to No. 6 level. So far no. more gold has been Been in tho.new reef cut in No. 6 lcvol, but the lode is still large and solid. A few coloutb of'gold have been secured whilst prospecting about . 60ft. below No. 6 level in Farmer's wir.zc, leading to-No., 7 level. .'; . Old Hauraki.—4ooft. level: Eise .advanced7ft. As per wires, an additional 1301b. of specimen 'stone has been securcd, making a, total ot 2041b. specimen stono and Gib- of picked stone on hand. • Golden stono of en.ual, anility is still showing. The manager docs not expect to break down again, until Wednesday. 300 ft. level: No. 1 stopo advanced 16ft. .Some strong blotches of gold were seen. No. 2 slope advanced 10ft.- Crushing, is proceeding, and - will be completed • before. tho end • of next week.;:... . .'. ' 1 ■' ■; IV/: : ' A.. J. Cromer, of Lima, Ohio .ttJ.SJU, who iscm a tour of the world., is .spending-'Christmas in Wellington. ■ -:.t ' . v ,