MINING NEWS.

Dominion, Volume 3, Issue 758, 5 March 1910, Page 8

MINING NEWS.

WELLINGTON SHARE MAIIKET. Very little business in mining shares was done yesterday. Waihi Grand Junction sold up to 355. 9d. in the morning, and dropped to 34b. 6d. later in the clay. Talismans were quiet, but Arm. Consolidated Goldfields had Quittance at 21s. The day's saies were as under :— Old Hauraki, 3s. sd. (first call). Saron, Is. 6d., Is. 6d; (third call). Waihi Grand Junction, 355. 9d., 355. 6d. (first call); 345. 6d. (second call). Con. Goldfields, 21s. (third call). QUOTATIONS. Buyers. Sellers, Sales. £s. d. £s, d. £b. d. Kuranui Caledonian — 0 17 — May Queen 0 4 0 0 4 2 — | Maoriiand 00 6 00 8 — New Sylvia 04 1 04 3 — Old Hauraki 033 034 0 3 5 i Saxon 015 017 016 Tairua Broken Hills 0 14 0 15 ~ Talisman 2 9 3 210 0 — Waihi Gd. Junction 114 0 115 0 114 6 .Con. Goldfields \ : 109 110-110 New Big River 2 2 0 — ' — Progress 014 6 015 3 . — lloss Goldfields 0 7 9 0 8 0 — STOCK EXCHANGE. Auckland, March 4. Business done at this morning's call of the Stock Exchange included:—: Sylvia, 4s. 2d., 4s. 3d. Saxon, Is. 6d. Waitaugi, 2s. Watchman, Is. 6d., ls. Sd. Hauraki, 35.. 6d. to 3s. 9d. Crown, ss. Tairua Broken Hills, Is. (Id. Waihi, £9 18s. • *' Grand Junction, 345. 6d., 345.; option ditto, i 6s. 1 Auckland Gas, £16 10s. | Kauri Timbor (con.), 16s. 9d. i Auckland Trains (ord.), 233. The following business was done at the afternoon call:— Waiotahi, 4s. Old Hauraki, 3s. 9d., 45., 4s. Id., 4s. Id., 4s. 2d., 45., 4s Id., 4s. 2d., 4s Id., 4s. 2d., 4s. 3d., 4s. 4d. Tairua Monarch, 3*d. Talisman Consolidated, 50a. Mountain King, 7d. Taranaki Oil, Bs. New Sylvia, 4s. 4d. I "Occidental, 2£d. I Kauri Timber (con.), 16s. 10d. Dunedln, March 4. Stock Exchange sales:— Old Hauraki, 3s. 4d., 3s. sd. Grand Junction, 345. 6d., ; 345. 6d., 345., 335. 9d. • . ' . Sales-reported:— . Grand. Junction, 355. 3d., 35a. 6d. Waihi, 1 £9.175. 6d., £9 17s. 3d. Westport Coal, £6 2s. Mosgiel Woollen, £2 16s.

MOUNT LYELL. By Telegraph—Press Association—Copyright Melbourne, March 4. The Mount Lyell mining return for the period from January 28 till February 23 inclusive, show that 30,384 tons of ore was treated, including 10,631 tons from the North Lyell mine. The converters produced 621 tons of blister copper, containing—Copper, 613 toss; silver, 53,527 oz.; gold, lllloz. CRAND JUNCTION'S FUTURE, BIGGER TONNAGE WITHOUT GREATER COST. (By Telegraph.—Press Association.! Waihi, March 4. The Waihi Grand Junction, since the change of management, has entered upon more extensive operations, and the reduction in the cost of mining and milling is very considerable. The present return shows o. good margin of profit, and a much larger tonnc-ge will be treated in future with practically no addition of cost, as the plant and staff is sufficient :to deal with a larger tonnage than is 1 bci "F Seated present. Ample ore is ! available. The Royal, going east, is (states the superintendent) opening up particuI larly well, which is important,- as it gives ; a considerable length of run before reaching the Waihi Reefs boundary. The supci int-endent further mentions that the pre•sent development work in the mine is very satisfactory, and that in his opinion the No. 5 level has been co -little developed! that a. great deal should be discovered in the near future. It is intended .to push forward a_„ development work bv opening up new drives and faces. Tenders will be date for sinking the shait for the Jso. 6 level. ' WAIHI RETURN. (By. Telegraph'.—Press Association.) • m , ' ~ . Auckland, March 4. ? ai hi Gold Mining Company during the four-weekly period ended February 19 crushed and treated 34,225 tons of or/for a return of bullion valued at £74,119. This, v.-hen compared with the return for the previous four-weekly (but broken) period, ropresc-nts an increase of £19,673, the 24.52? tons crushed and treated for the period ended January 22 having yielded £54.240. dSt* b a fsSa woa from tbe mino t0 Reports of live stock sales will be found ou page 7of this issue. .