MINING NEWS.

Dominion, Volume 3, Issue 736, 8 April 1910, Page 10

MINING NEWS.

WELLINGTON SHAKE MARKET. •! A fair business .was done in the heavy stocks. Talismans show further improvement, but Waihts dropped about a shilling. Waitangi shares' appeaj to be receiving , a lot of cuiet spot, sales bein» made yesterday at 23. Id. • The sa'es recorded were:— ■ .'.'.. May Queen, 4s. 3d. (first call). Talisman,'s3s.,'s3s. 3d. (third call). ' ■ Waihi, £9 Bs. 3d. (first call), £9 7s'., £9 75., £9 7s. 6d. (third call)." ■ '--■.-.' Waitangi, 2s. Id. (second call). QUOTATIONS.-. Buyers. Sellers. Sales. £e. d. £b. d. .£ s. d. Kuranni Caled'n ... 01 3 01 6 — May Queen — .043043 Maoriland ' 0 0 5 0 0 7 — Mountain King ... 0 010 ■ 0 1 0 — N.Z. Crown — 0 5 0 — New Sylvia — 0 4 8 — Saxon 0 17 0 18 — Talisman — 212 6 213 3 Victoria 0 15 0 17 — Waibi 966 976 97 6 Waihi G'd Junction 1 10 6 — -. . Waitangi 020 022 02 1 Watchman 0 1 8 — — Blackwater 110 0 112 0 — Con. Goldfields 110 — ' —

STOCK EXCHANGE. (By . Tclegrapn:—Press Association.! Auckland, April 7. ' The following business was done at tho afternoon call of the Stock ■ Exchange today:— Dixon's ■ Consolidated (cont.), 4d, New Sylvia,'4s. 7d. Saxon, Is. Cd. • ■ Mount Welcome, 6d. , Old Hauraki, ss. 7d., 3s. Bd. Ngatiwea, lid. Bcndigo, 5Jd. I. Tairua Beefs (pd.), 3d. Talisman, 535. v Waihi, £9 Bs., £9 Bs. 6d., £9 75..6 d., £9 7 S . Waihi Grand Junction, 31s. 3d., 31s. 9d. National Bank (rights), 365. Taupiri Coal, 20s. Westport Coal, £6 63. Northern Steam (cont.), 6s. Bd. ' Leyland-O'Brien Timber, 255. 3d. ~ Wilson's (ord.), 465. 6d. Dunodln, April 7. Stock Exchange sales :—■.'.. May Queen, 4s. 3d.,- 4s. 3d., 4s. 3id. New Sylvia, ,4s. Bd. Heported sales:— Waihi Grand Junction, 51s. 3d., 31s. 6d. ' Standard Insurance, 235.'. •'. ■' MOUNT BISCHOFF SHUT DOWN. By Telegraph—Press ■Association-Copyright Launccston, April 7. The Mount Bischoff mine has been shut down through want of' water. . This- is tho first time the mine has been closed for 37 years. Tho weather continues very dry, and all the mining districts badly want water. . ... .TALISMAN. -.■'■■'.■• .-.' Tho following is a copy of a. telesram re-', ccived from.the.Talisman. Consolidated- Co. by' the Wellington Stock Exchange- yesterday:—March return, crushed 3870 tons, yield £16.686 13b.; total costs 395. 5d., development 10s. .lld.,"mining 2s: 4d„ milling 145.._1d., general 2s. Id. ~ sent, London following cable:—No.' 12 level north, progress 64ft., width of reef's7ir..,' value £1 195.'4 d.; No. 13 level south 67ft.,-.reef wider than drive, value £1 oa.-7d.i--N0.'13 level, north, progress 32ft., width of ' reef. 30in., values low, No. 5 winze, progress 9ft., width of reef 33in., value £2 Us. Bd.; No. 6'winze, progress 28ft., width of reef 48in.. value £11 12s. 6d.; No.' 12 winze, from.6s to 72ft., reef 36in.' wide; values low; from 72 to 89ft., width of reef 36in., value £13 7s. 6d.;' No. 15 rise, • started 780 ft. x south, progress 2Bft., width-of reef 54in., value £13. Floods have destroyed moro than hall tho Wood-, stock water-race, damage estimated at £3000. It will take.99 days to repair the damage. Work will be carried on -as' usual.

... COAL-MINING. AW AKDS. '.! \ ' , WEST COAST OASES. •; ; (By Tolegraph.-rP'ress Association.) !'■■'"■;: .'■''•'-" '■"■■■ Grcymputh, April 7. • '.The Conciliation Court, presided 'over by: Mr. Tv Hallcy, Commissioner, has been sittins for three days in' succession to adjust somo' points of difference between the Point Elizabeth Railway and Coal Company. '; and the . Grey Valley . Industrial Union ■ of. Workers, also the North Brunner Coal Company and the same union of workers. In both caGes the points at issue ivero discussed in the most amicable spirit, representatives in each case., being thoroughly conversant with ' the various subjects under review,.and these included the-,whole of , tho underground. arrangements such as hewing, trucking, wet places, shift wages, casual shiftmen, the wages of carpenters, blacksmiths, engineman, wheelmen, horse-drivers, and trucking',by miners.' In respect to the latter, the companies have agreed to do the great bulk; of the tracking. The little to 'bo done-by'the men is, of course, unavoidable. Trucking : conditions in each caEe are pretty much tho same as obtain at tho. State mine, though, rather more .-in-, favour of the miners.' Tho conditions are: Miners to truck their own coal not past tho permanent flatshect, if they truck from 25 to 50 yards, 2d. per ton extra; for each 25 yards or portion thereof above or.over 50 yards, 3d. per ton extra. In any place in tho mine whero tho trucking by. miners exceeds 25 yards,,the extra tonnago must be paid, or a roll off made for the-truckers, such roll off to bo as near as possible, but not more than 25 yards from the face. Miners to run the face jig up to 25 yards: over that distance to be paid the same extra rates as trucking. In" nil other respects tho' award is very much on tho,old lines.,ln one respect only the award in the case of tho North Brunner. seems to differ from that in tho case of .the Point Elizabeth Company. The clause referred to is ■ as follows:—The operation of this clause ; shall not apply for, a poriod of six months from date of signing this award, with tho exception of the- rates mentioned. for such shifts. The agreement is equally satisfactory to all' parties. .