MINING NEWS.

Dominion, Volume 3, Issue 715, 14 January 1910, Page 8

MINING NEWS.

.'; WELLINGTON. MINING . MiEKET. ; The feature of the market yesterday was tho firmness of Talismans and Waihis. Grand Jnnotions wero auiet. Tho business done was as under:—. ■ ' ; ■ Kuranui Caledonian, Is. 3d. (second call). . Old Hauraki,, Is. .6Jd. (first coll), 4s; 7d. (second ca.ll). , .. : ■ . v .., . Talisman, 435., 435. 3d., 435. 3d. (second call). v £9 155., £9 15s. (third call); ' . Waihi Grand Junction, 355. (second call). ; Boss Goldfieldsi -Bs. (second call). - - QUOTATIONS. ■ Tho latest quotations, with last-rccorded s'alea, were-, as under ~ ■ :■ Buyers. Sellers. Sales. ■ . • JC s. d. £e. d. £ s.dDominion .' — P-.® J ■ " r . .Golden Belt 0 0, 41 Kuranui„Caled'n ... 0 1 2 . 0 1. 3 : 0:1 3 May Queen' 0.3 7 — ■ — Mountain'; King -•... ~0 -1 0 , N.Z. Crown 0 5 9, ■,— ;• Now. Sylvia ............ , — . oi4>o . — -.Old'Hauraki 0 4 7 0 4 8 0 4 7 Saxon . .01 4 — ' Tal\Rman '....'.i..;... 23 0 1 — >--2'3 Waihi> - 9 15;0 Waihi Extended ,03;6 .0 3 7 .tWaihi G'd Junct'n 1,15 0 115 3 115 0 t'Waitangi ' 1 0 2 5' 0-.2 7 • — : Con. Goldfldlds- ; .0 18 0. 0 18 6 I New Alpine (pd.) ... , .0 2 0; —' , : I Progress/ ;■ .. ; -0 13 3 -;y ■ — I Ross Goldfields 1..... 1 ;. 0 8 0 0/8 3 0 8 0 ' : STOCK EXCHANGE.- ' / . {By Telegrapn.—Press Association;) . , i-: Auckland, January 13. ' Business at. this morning's call .oh the ! Stock. -Exchange ,included:— ... Now Sylvia, - 3s. lOd.i 3s. lid. -'Waiotahi, 'ss. ' . . : Golden,;. 4d. •' , ;.01d Hauraki,. 4s. ,Bd.'' . . '; • -'Tairua' Broken Hills,-. Is.' 4d. .. 1 V-Talisman, :425. 6d., 435. _ . ... '• 'Consolidated-. Goldfields, 18s. 6d. ; , '-.Waihi, £9 175..' ' , V', • Alburnia "(con.), ls., 9d., 1 - The following- sales, wero reported at tho ..afternoon call:— ' . 1 May Queen, 3f/. lOd. ■ . • * •'' . • •.'j Old Alburnia (p.u;), Is. lid. (con.). Is. 9d.- , :Saxon, - 1 ■=• Waiotahi, ' ss. > . ?Mount Welcome (con.), 4d. . : ~ i . Old Hauraki, 4b. 9d. . ' ■ Kapanga, lOd. . ; ' Waihi, 1975. . ' > Dunodln, January 13. VStocli Exchange sales:— ' Muddy Torracc, 255. • . • •'.Waihi Grand Junction, 345. 6d., 345. 9u. 'Sales reported:— ' ."'TaSmanian Coppor, ss. lid. ' Golden Bed, 21s. 9d. Tairua. Broken Hills, Is." 3d. , Old "Hauraki,-4s. Bd. ,• Muddy Torracc, 243. 6d. : '' .' , - ! NEW ZBALAI{D CROWN MINES. ... vThe report of tho directors of tho-New Zealand Crown Mines Company.' Ltd.. for the ; ycar ended August 31,. 1909, states that the: sum of £1808 has'been written off . for depreciation, .being 4 5 per cent, on tho amount appearing in last year,'b balancesheet under "Machinery,-, plant, and build-" ings." It. has hitherto,, been , customary ■ to : write down these items by 10 per .cont., but' the general manager considers-' that in view of : tho whole plant and machinery not-having been subjected to any sovere wear and tear during tho past twelve months, -the depreciation allowed for on this • occasion is sufficient. Tho • sum : of £381, being tho whole amount expended during tho year on mine' development, has also been written off,' and after making. theso apportionments thero remains a deoit balance of £5827. - Deducting from this the- balance 'of profit brought forward from tho previous year's accounts, £4574, a net debit balance of £1253 remains to' bo carried forward. The cash in hand at the end of the financial year amounted to £4589. Since the month of November, 1908, tho development of the- mine ,has been-suspended, and the general manager and staff have-devoted all their attention to tho erection of the now electric , power plant, the completion of which was essential to tho opening up of thc.mino below the No. -5 level. Tho new installation is now ready to begin operations so. soon as the mine • is freed-from water to the No." 5 level, and, to. effect this, .pumping by means of tho old plant was commenced in'the month of August last.- llr. Daw expects to' be in a position to re-commence crushing.about.tho middle of next month. •GOLDEN BAY CEMENT - WOEKS. . (By. Telegraph.—Press Association.) . Dunedln, January 13. • The Golden' Bay . Cement' Works about to bo erected at Limestone' Bay,-: Nelson,. will bo driven electrically- throughout. A contract for a . complete : power, plant (£15,C00) has been secured by Messrs. . Turnbull and Jones, clectrical engineers... This wiir bo the first cement works in Now Zealand to instal its own private electrical plant for driving. cement-making machinery, • ' . -.