MINING NEWS.

Dominion, Volume 3, Issue 808, 4 May 1910, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. The Thames croup Temain fairly firm, and Old Haurakis are providing tho speculators with considerable business. It is Waihis, however, which are causimr all the concern, for it is evident that such official statements as have been so far given to the public have not stopped the downward career of the shares. With eome holders it is a panic, and with eomo of tho clever ones it- is a gamble. About 6DCO Waihis 6old in Auckland, and about 2000 in Wellington yesterday. Some of the Wellington shares wore probably part of the Auckland lot, so that if it be assumed that 6000 were sold throughout New Zealand yesterday it represents about .£45,000. Investors are *not going into these chares just now, consequently the speculators must be playing the /raine. The sales recorded yesterday were as under:— Kuracui Caledonian, Is. 9d. (first call). : Old Hauraki, 4s. 9d., 4?. 9d., 4s. 8d . 4s. Bd, 4s. 9d., 4s. 9d„ 4s. 9d., 4s. 9d. (second coll). , Waihi, £7 16s. 9d., £7 175.. £7 175.. £7 175.; £7 175., £7 17s. (first call); £7'l4s. 6d., £7 135., £7.13? v 6d.; £7 13s. .£7 13s. fid.. £7 13s. 6d., £7 14s. (third call). •Waihi Grand Junction. 275.. 275. (first call),-275„ 275. 6d., 275: 4sd, (third call). Blaokwatcr. 28s. Sd. (third call). ' QUOTATIONS. Buyers., Sellers. Bale*. £a. d. £s. d. £a. d. Dixon Consolidated — 0 0 6 — . Komata Iteufs 0 0 3 — — ' Kuranui —. 0 0 10 — • Kuranui Caled'n ... 016 019 019 May Queen 0 4 7 0 4 8 —. Mountain King ... —. ; 0 10' — New Sylvia 0 4 0 0 4 3 — . Old Hauraki 0, 4 7-0 4 9 0 4 9 Saxon , 0 1 8,. 0,1 10 — Tairua Broken Hills Oil'—' — Talisman 210 0 210 6 — ,Waihi 713 6 715 0 714 0. Waihi Reefs o's 0 — — Waihi G'd Junct'n 17 3 •1' 7 9 1 7 4i. Blackwatcr 18 0 ,19 6 1 '8- 9 Con. Goldfields 018 0 — . ' — Eoss Goldfields 0 7 9 0 8 0 — STOCK EXCHANGE. (By Telegraph.-Prcss Association-* • uifi 81{ Auckland, May 3. Business' 'd'one ,J on 'Change this morn5Jd. Kuranui Caledonian, Is. 7d. ' ' May Queen. 4s. 6d. 1 Sylvia, 4a. 2d., 4s. 3d. : . /» .iWaiotahi, 4s. Id. -Hauraki, 4s. Bd., 4s. 9d. . Talisman, 51s. 3d;, 51s. •: ' • Waihi, £7 18s. to £7 15b. Grand Junction, 275. 3d., 275. 6d. Mountain King, lid. • . Taupiri. Coal, 19s. ■ l . Auckland Tj-am (ord.), .235. . The following was the'business done at the afternoon call to-day;— Point Russell, 4d. Golden Pah, 4d. Old Hauraki, 4s. 7d. Royal Oak (con.), Is. Id. Tairua Broken Hills, Is. 2d. ; Tairua Golden Hills, 3s. 2d., 3s. 3d. Talisman Consolidated, 515., 51s. 3d. Waihi,' 1555. 6d.. 1565., 1575. Taranaki Oil, 14s. 6d. , . Watchman, Is. lOd. ' Missouri (pd.), 2*d. New Sylvia, 4s. 2d.. 4s. 3d. Duncdln, May 3. Stock Exchange sales:— May Queen, 4s. 6d. Sales reported:— N.Z. Paper Mills, 225. 6d. Old Hauraki, 4s. Bd. • Standard Insurance, 235. 6d. N.Z. Insurance, £3 16s.

TALISMAN.

Tho superintendent of t,lie'Talisman Consolidated mine, reporting for the fortnight ended March 12, states:—

No. 11 Level.—No. 10 crosscut: Advanced lift.; total, 645 ft. Ground shows no change. South, drive: Welcome reef—Advanced sft.; total, 174 ft. Width of reef, 3ft. Values low. Stopinjj: The assays from stones off No. 12 rise average £4 4s. 6d. Tons sent to mill, 100.

No. 12 Level.—North drive: . Advanced 47ft.; total, 993 ft.; width of reef, sft.; aver, age of assays, £2 4s. 6d. This drive has now reached the No. 1 winze, sunk by. tho Woodstock Company from No. 5 level. No. 5 crosscut: Advanced 15ft.; total. 156 ft. No change ,to report. Stoping: The values from stopes off No. 12 rise averaee £1 15s. lOd. Tons sent to mill, 732. The values from east vein slopes average £6 13s. lOd. Tons sent to mill, 240.

No. 13 Level.—South drive: Advanced 28ft.; total, 857 ft. From 829 ft. to 843 ft., the values average £2 Is. 3d. for a width of 6ft.; from 843 ft. to 857 ft. the width of reef is 4Jft., and the values average 4s. 6d. North drive: Advanced 42ft.; total, 412 ft.;width of reef, 30in.: average of assays. Is. 4d. No. 4 crosscut: Advanced 15ft.; total, 134 ft. No change in' country. North drive (off No. 4 crosscut): Advanced 25ft.; total, 36ft. From lift, to 26ft. the values average 4s. 2d. for a width of 3ft.; from 26ft. .to 36ft. the values average £s'los. sd. for a.width of 36in. Beef in face badly split arid broken. No. 6 winze: Advanced 9ft.; .total, 32ft. Width of reef, 42in.; average of assays, £8 9s. 3d. No. 12 winze:' Advanced 9ft.; total, 72ft. Wifith of reef, 36in.; average of assays, 3s. lOd. No. 15 rise: Started at 780 ft. south, and advanced 13ft. "Width of reef, sft.; average of assays, £12 12s. 3d. Sloping: The stones off No. 1 north riso have given values that average £3 Bs. Tons sent to mill, 80. The values from stopes off No. 12 riro average £20 12s.' Tons sentxto mill, 205. i NEW BIG RIVER. The following wire was received yesterday by the Wellington Stock Exchange from the New Big River Gold Mining Company:—"New Big River battery, short ncriod crushing, April: 50oz. from 82 tons: 640z. of bullion from cyanide; estimated total value £360." ;. DREDGING. 'By Telccraob.—Press A?eoolatlon.i Reefton, Mar J. Now Big River returns:—Battery, 50oz. from 82 tons; cyanide, 640z. bullion from 300 tons. Pactolus dredging return:—49oz. 9dwt. for 132 hours. The St. George Gold "Mining Co., a new venture in the Big River district, reports striking sft. reef formation carrying lft. of solid, gold-bearing stone.