MINING NEWS.

Dominion, Volume 3, Issue 851, 24 June 1910, Page 7

MINING NEWS.

WELLINGTON SHARE MARKET. Feathers-ton Street was very much agitated yesterday over Ross Goldfields, which experienced a decline of 6s. per share as compared with Wednesday. At the noon call on Wednesday two sales were reported at 205., and at tho first call live wiles tit 20s. were recorded. At the noon sitting yesterday the shares were down to 145., a drop of 6s. in 24 hours, and there appear to be sellers at this price. From what can ho gathered, it was anticipated that the first wash-up would give a handsome return, instead of which 8000 cubic feet gave a yield of little more than 60oz. A favourable matter in yesterday's market was iho advance in Waihi Grand Junction, which sold up to 355. 9d. ou reports of improved prospects. Talismans were steady at 525., and Waihis kept firm at £7 19s. The day's sales were as under:— TaliKma.il, 525. (first call); 525. (sccond Waihi, £7 195., £7 19s. 6d. (first call); £7 19s. (second call); .£7 19s. 6d. (third call). Waihi Grand Junction, 33a. 6d., 355. (first oall); 355. 6d., 355. 9d. (second call). Ross Goldiiclds, 15s. 6d., 155., 14s. (second call); 14s. 3d., 14s. 3d., 14s. 3d., 14s. 2d. (third call). QUOTATIONS Buyers. Sellers, Sales. '£ a- d. £f. d. £s. d. Kuranui — 0 010 — Kuranui Caledon'n 0 16 0 13 — May Queen — 0 4 1 — Maoriland 0 0 6 — — Mountain King 00 11 — — New Sylvia 0 3 6 0 3 8 — Old Tlauraki 0 4 4 0 4 6 — Saxon 0 17 0 19 - Tairua Broken Hills 0 15 0 17 — Tairua. Monarch ... — 0 0 5 — Talisman 211 6 212 3 212 0 Waihi 710 9 719 0 719 6 Waihi Reefs 0 5 0 — — Waihi Extended ... 0 2 8 0 211 — Waihi G'd Junction 115 0 115 9 115 9 Black water 111 0 112 6 - * Con. Goldfields - 110 - New Big River 210 — — Progress 013 0 015 0 — Ross Goldfields 013 9 014 0 014 2 STOCK EXCHANGE. (By Teiecr&Dli.—Press Associations Auckland, Juno 23. Business done on 'Change this morning:— May Queen, 3j». lid. Uauraki, 4s. sd. Grand Junction, 345. to 37a. Crown, 4s. National Bank, Bs. 3d. . Tairua Golden Hills, to. Waihi, £8 Is. 6d. Waihi Extended, 2s. Bd. Handsworlh, 9jd. Mountain King, Is. Id. Tairua Broken Hills, la. 6fl. Auckland Gas, 70s. Tho following business was dono at the afternoon call to-day:— Waihi, £8 Is. 6d. Waihi Grand Junction, 365. Waihi Extended, 2s. Bd. Dunedin, June 23. Stock Exchange sales:— Waihi Grand Junction, £1 13s. 9d., £1 14s. 3d., £1 14s. 9d., £1 15-s. (three parcels), £1 355. 3d., £1 15s. Gd. (two parcels), and £1 36.1. (forward delivery). Sales reported:— Waihi Grand Junction, £1 13s. l*d., £1 13s. National Bank, £6 2s, WAIHI GRAND JUNCTION. REPORTED IMPORTANT DEVELOPMENT IN VALUES. (By Telegraph.—Press Association.) Waihi, June 23. Latest reports from tho Waihi Grand Junction mine show an important development in the values of the Empire and Royal lodes, going east. Tho first-named reef is showing" up particularly well. ROSS GOLDFIELDS. The Wellington Stock Exchange yesterday received tho following telegram:—"Tho chairman of directors of the Ross Goldfields, Ltd., reports:—Our first wash-up represents 1000 trucks of 8 cubic feet to one truck, indudiug cleanings from the drives. The returns are 60oz. ldwt. 12gr. It is possible, when we get well under way, to hoist about 500 trucks per day, and when we have opened up one or two of tho other adjoining workings with another shaft, which ought to be done within the next few months, our output of dirt should bo more than doubled, and in the Cassius and Morning Star workings wc should find still richer dirt."

Mokitfka, Juno 23. A good deal of dissatisfaction was expressed by tho shareholders of the Ross Goldticlds, Ltd., at the directors withholding the result of tho' wash-up at tho claim on Wednesday afternoon. Tho washing-up process should only take, under ordinary circumstances, a few hours to complete' but it wad not until 24 hours after tho mats were first lifted that the information was available to tho shareholders.