MINING NEWS

Dominion, Volume 3, Issue 789, 12 April 1910, Page 8

MINING NEWS

WELLINGTON 'fitfAßE .MAEKET. ■-■.' There wa-s a drop in Waihis yesterday."of Bs., :: but towards the end of the day there was a recovery of la. 63. The extent of decline indicates an lirireasdnißg panic, and when one seeks to find the. cause, no one seems capable" of,.eivim; an acceptable, answer. "Thero are rumours." is the preface to all statements,: but no ono appears to have a grasp of the true causes for the* slump. If it is due to any adverse featnres in the mine workings, then it is timo some , official statement was made. The market'is prone to exafifjerate copd news and bad ncws. ; but the interests: involved in Waihi aro so great that an authoritative vstotement would do a , erea-t deal of sood. The market is overshadowed by the TVaihi position. The sales recordedyesterday were as under:— ■'-'■; May i Queen, Is. 2d. (third call). ~ Old Hauralci, 35...5 d. (second call). ■ Talisman, 525.. 6d. (Brst call). Waihi, £9 2s. (first call): £9 35., £9. 25.. £9 Is. (second call); £8 155., £8 Ms., £8 165.; £8 155., £8 153. 6d. (third call). • .Waihi Grand Junction, 30s. 6d. (third call). Eoss Goldficlds, Bs, 9d. (first call). \ QUOTATIONS. Buyers. Sellers. Sales. • ' £ s. d. £ e.d. £ s. d. Kuranui Oaled'n ... — 0 16 — May Queen 0 4 1 0 4 3 0 4 2 Maoriland 0 0 5 0 0 7 —' Mountain King' 0 0 10 0 0 11 — ; N.Z. Grown : - 0 410 — New Sylvia 0 4 6 0 4 9 - Old Hanraki 034 035 035 Saxon 0 16 0 18 - Talisman 2 12 0 2 12 6 2 12 6 Victoria - — ■ 0 16 - •Waihi 8 IS 0 8 15 6 8 15 6 Waihi G'd. June. ... 110 6 110 9 110 6 Waitangi 0 2 0 0 2 3 - Blackwater 111 0 — - Oon. Goldflelds 10 9 110Progress 0 14 3 0 14 6 — Koss Goldiiclde 0 8 6 0 8 9 0 8 9 ■ ' ■ STOCK EXCHANGE. Ky Tdosraph— Press Association— CopyrlchS Auckland, April 11. Business on the Stock Exchange this morning included:— "May Queen, 4s. 3d. Sylvia, 4s. Bd. Waitangi, 2s. Id. ,' .': Hauraki, 3s.' 5d., is. 6d., . '••■■• ■ - Komata .Keefs,-sd. . . - . Talisman, 535., 525. 9d. "' / -. Waihi, £9 ss. to £8 17s. • . i Waihi Extended, 2s. 6d. . -.'•■; ■ Grand Junction, 31e. 3d. . Itands'TOi'th, BJd;, 9d. New Zealand Insurance, 78s. 6d. Loan and Mercantile, 7s. 6d., 7s. The following business was -done at the afternoon call:— ■ Waitangi Consolidated, 2s. Old Hanraki, 3s. Sd. Orown, 4s. 9d. Talisman Consolidated, 535. - , Waihi, 1775. ,6d., 1785., 1775., 1775. 6d., 1775.,' 1775. 6d. . •■-•■' Waihi Extended, 2s. 6d. Waihi Grand Junction, 30s. 6d., 30s. 3d. South British, 595. | Auckland Trams (pref.), 225. 6d . Dunodin, April 11. Stock Exchange quotations:— ■ ■ ■ Dredging stocks: Blackwater, sellers 55.; Electric, buyers 35., sellers 45.; Golden Bed, buyers £1 os. 3d., sellers £1 Is.;. Golden Treasure, buyers £1 10s. 6d.; Hartley, and Eiley's. sellers £1; Koputai, sellers £1.65.; Masterton, sellers, £1 155.; Manuherikia, buyers 9s. 9d., sellers 11s. 6d.; MysteryPlat, sellers 18a. 6d.; Pactolue, buyers ss. 6d.; Rise and Shine, buyers £2 55.; Eising gun, buyers £2 25.; Sailors' Bend, buyers 6s. 9d., sellers 9s. 6d.; Waikaka Queen, buyers Is. Mining stocks: Muddy Terrace, buyers I £1 ss. 9d., sellers £1 6s. 6d.;. Barewood, sellers 16s. 6d.; Consolidated .Goldficlds, buyers £1 Os. 6d., sellers £1 23.; Keep-it-dark,' eelicrs 16s. 6d.; Kuranui-Caledonian, buyers Is. 1d.,. sellers Is. 6d.; New Zealand Crown, buyers 4s. 6d., sellers 55.; May Queen, buyers 4s. 2d., sellers 4s. 4id.; New Sylvia, selkrs 4s. 6d.; Old Ilauraki, sellers 3s. 5(1.; Talisman Consolidated, buyers £2 Us. 6d., sellers £2 135.; Waihi, buyers £8 13s. 6d., sellers £B 17s. Gd.; Waihi Consolidated, sellers 7s. 6d.; Waihi Kxtcndcd. sellers 35.; Waiiii Grand Junction,, buyers £1 9s. 9d., sellers £1 Us. Investment stocks: ivational Hang (ex rights)', buyers £5 10s.; Bank of New Zcalind buyers £9 45.; National Insurance, buyers £1 Bs. 7Jd., sellers £1 Bs. IOJd.; Westport Coal Company, buyers £6 4s. 6d.; Duntiiin Stock Exchange Proprietary, buyers £2 14a. 6d.; D.1.0. (preference), buyers £1 18.'9d.i'D.1.0. (ordinary), buyers 65.; Kui*-

poi Woollen, buyers. £4 17b. 6d.; Milburn Limo end Cement (£1), buyers £1 9s. 6d.; Hosgicl Woollen Factory, buyers £2 165.; New Zealand' Drug Company (£2), buyers £2 6s. 3d.; Kow Zealand Paper Hills, buyers £1 Is. 9d.,'sellers £1 2a.; New Zealand Portland Cement, sellers £2 3s. Stock Exchange sales:— Muddy Terrace, 26a. 6d.>. 265. 6d. May Queen, 4s. 3d. Bank of. New Zealand, £9 15s. Reported sales:— Now Zealand Drug, £2 6s. 6d. Kew Zealand Paper Mills, 225., 225. THE FALL'|N WAiHIS. HO CAUSE FOR IT IN THE MINE ITSELF. AN ASSTJEANOE BY THE COMPANY, lily Mesraph—Press Association.' Auckland, April 11. The continual weakening of Waihis on the Auckland share market during the last few (lays has created a good deal of apprehension among the public, especially those possessing shares is the mine. Inquiries made' at the office of the Waihi Gold Mining Company yesterday went to show that, as far as the mine itself is concerned, there is no reason whatever for the weakening tendency. There has been no fall in the assay values, the mine is keeping up its' output of recent years, and as a matter of fact the directors confidently anticipate another record output, amounting to something like £975,000, this year. The London market has not been-the causa of the drop, and the reason for the fall must be looked for locally. It was further stated that the public need have , no cause for anxiety, and tha,t, owing to tho soundness of tho mine, things muet eventually right themselves. LONDON QUOTATIONS. (Bj l'ciceraDn.—Frees Association.! London, April 10. Waihi gold mining shares- , arc quoted at: Buyers, £9 55.; sellers, £9 7s. 6d. A BECOKD MUTTON OAKGO. (By TelcEraph.—Press Association.' Tintaru, April 11. The Now Zealand Shippir.s Company's steamer Otaki loaded at Timaru a record mutton cargo, .tailing for London 70,316 frozen carcasses—a record for the port and: probably for' the Dominion.