MINING NEWS.

Dominion, Volume 3, Issue 885, 3 August 1910, Page 8

MINING NEWS.

WELLINGTON SHAKE, MAEKET. Waihiß wore firm, and changed hands at £8 ss. It is expected that the Edward lode will be cut in tho course of a fortnight. Talismans were firmer, but Waihi Gruno Junctions, after rising to 405., receded to 38s. Boss Qoldfields opened at 9s. lid. and closed at Bs. 9d., with sellers at- the latter price. With reference to the course adopted by tho Wellington Stock Exchange, as disclosed in the interchange of telegrams' between the Exchange and tho chairman of the Boss Goldfields, Mr. A. T. Bate, tho chairman of the Wellington Stock Exchange, in the course of an interview, sta'ted that tho irrcgularits of tho washing up was one feature. The last three washings took place respectively on Saturday, Sunday ,and Monday. Furthermore, tho withholding or .delay in forwarding official information enables those in touch with the mine to operate on the market either in buying or selling shares before the general body of shareholders or the public can get any news. Nevertheless, there appears to be a leakage oJ information, and there is a feeling, warranted or otherwise, that traffic in tho shares is going on, and this is having an effect on their market value. The trans l

actions recorded yesterday wore as under :— Saxon, Is. Bd. (third call). Waihi, £8 ss; (first call); £8 ss. (third call). ■ ' - Waihi Grand • Junction, 40s. (first call); 335.: 385., 385., 38s. (third call). Waitangi, 2s. 3d. (second call). iloss Goldflelds, 9s. lid., 9s.' Bd., 9a. 7d 9s. 7d. (first call); 9s. 3d., 9s. 3d., 93. 3d!, 9s. 3d. (second call); 9s. 2d., '95., Bs. 9d. (third call).. QUOTATIONS. Buyers. Sellers. Sales. £ s. d. £ s. d. £ s. d. Dominion — 0 0 3 — Kuranui Calcd'n.;. 0 17 0 19 — Haurald Beefs - 0 011 - May Queen 0 4 6 0 4/7 — Maoriland 0 0 5 0 0 7 — Mountain King ■— 0 10 — Now Sylvia 0 4 0 0 4 2 — Old Hauraki 0 4 8 0 4 10 — Saxon 0 18 — 0 18 Tairna Broken Hills 0 1 9 0 111 — Talisman 2 14 0 214 6 — Waihi 850 860 850 Waihi G'd. June... 118 0 1 18 9 118 0 Waitangi j 0 2 10 2 5 — Watchman 0 2 2 — — Blackwater 114 0 — — Con. Goldfields - . 12 6 - New Big Itivcr - 3 0 0 - Progress 0 13 0 u 14 0 — Boss Goldfields 087 08908 9 . ■ : STOCK EXCHANGE. (By Teleßi'onh.-l'ress Association.) Auckland, August 2. Business done at tills morning's call of the Stock Exchange IncludnuiSylvia, 4s. 2d. Suxon, Is. 9d. Alburnia, 7jd. Waitangi, 2s. 3d. Watchman, 2s. 3d. Ross, 9s. 9d., 9s. 6d. Old Hauriki, 4s. 9<l. ' Crown, 4s. Bd. , Talisman. 545. 9d. Waihi, £8 7s. ' Grand Junction, 395. 3d., Ms. New Waitaia (con.), 6Jd. , Mark's Turbine, 295. 6d. .and 325. 6d. The'following business was done at tho afternoon call to-day:— May Queen, 4s. 7d. • Old Alburnia, Bd. Watchman, 2s. 4d. . Ross Goldfiolds, 9s. 4d., 9s. 3d., 9a.'- 4d. Old Hauraki, 4s. 9d. Mark's Turbine, 345. 9d. Talisman Consolidated, 555. Waihi Grand Junction, 395.,' 395. 3d. Champion, 3d. , ' Dunedin, August 2. Stock Exchange sales reported :—Ross Goldfields, 9s. 9d., 9s. 9d.; Rise'imd Shine, £2 35.; .Watchman, 2s. 3d.; Dalgety and Co., £5 18s. 9d.; New Zealand Paper Mills. £1 2s. 6d. ,"....... THAMES DEEP LEVELS. (By Telegraph.—Press Association.) Auckland, August 2. Tho driving of tho Thames deep levels cross has been attended by further auspicious results. It will be: remembered that, in April last, when opening out tho chamber at the foot of the Queen of Beauty shaft, preparatory to . starting the drive, a body of "quartz was struck showing the colour of gold. The crosscut,

which is at present penetrating the Government reserve, is now in some 100 ft., and, to-day, the. following message was received from the • manager ot> the May Queen mine:—"Quartz has been cut in'the drill holes in the Government area; deep level crosscut near May Queen boundary." The news is regarded as highly important, and further developments are awaited with interest.