MINING NEWS.

Dominion, Volume 3, Issue 903, 24 August 1910, Page 8

MINING NEWS.

WELLINGTON SHAREMARKET. The mining Bharemarket is depressed. Something of a sensation was experienced yesterday when Waihis began to fall. At the morning call buyers were offering £8, and sales were made at £8 Is., and »in tho afternoon sellers were anxious to quit at £7 165., but there was no business. Grand Junctions were also quiet. Boss Goldfields oscillated between ,3s. 9d. .and 4s. Id. The sales recorded were as under: Waihi, £8 Is.. £8 Is. Waihi Grand Junction, 375. 9d. (first call); 375. 6d. (second call); 375., 375. 6d. (third call). Waitangi, 2s. 3d. (first call). Ross Goldfields, 35.. 9d., 4s. Id., 4s. (first call); 3s. lid., 3s. lid.', 3s. lid., 3s. lid., 45., 4s:, 4s„ 4s„ 45., (second call); 4s. Id., 4s. (third call). , QUOTATIONS. Buycra. Seller!. Sales. £s d. £s. d. £«. d. Kuranui — 0 0 6 — Kuranui Oaledon'n . — 0,1.9 — May Queen 0 311 0. 4 2 — Maoriland' - - — .008' - New Sylvia 0 310 ,0 4 1 - Old Haiiraki 0 4 7 0 4 9 - Saxon ;: 0"l-6 0 18 ."— Tairua Broken Hills: 0 19 0 110 --. Ta1i5man'..............'2 15 6 216 3 . — Waihi,.' .-...;,..- — . 716 0 8 10 Waihi Extended .... - 0 2 11' , - Waihi G'd-Junction 116-9 117 3 117 6 Waitangi — 0 2 4'■ 0 2 3 Watehman 0 2 3 0 2 6 - Blackwater — 114 3 — Con. ■ Goldfields — 113 - Progress — 013 0 — .-Ross Goldfields 0 311 0 4 0 0 4 0 STOCK EXCHANGE. ''"'''■ (By Telegraph;— Press Association.) Auckland, August 23. Business -dono on 'Change this morning:— -. ' May Queen, 45.. -.-■•■ Alburnia,,lld.,. IOJd.. Saxon, Is., 6d. Ross, 4s. 3d. to 3s. lid. i ' .Crown, 4s. Bd., 4s. 7d„ ' ditto, - options, 2s. -2d. , Tairua Broken Hills," Is. lOd. ■ Talisman, 565. 9d. Waihi, £8 Os. 6d. to £7 18s. 6d. Waihi Extended, 2s. lOd. Grand Junctions, 385., 375. 7d. Handsworth, 6jd. New Waitaia, 7d. New Zealand Insurance, £4 2s. 6d Northern Coal, lis., 10s. 9d. Wilson's Cement (ord.), 425. 6d. The' following business was' done at the 3.15'.'p.m. call:— .. May Queen, 3s. lid. ( \ Ross Goldfields, 3s. lOd. Waihi Reefs (con.), ss. 2d. Waihi Grand, Junctions, 375. Mountain King (paid), 9d. . Mark's. Turbino' (paid), 525. 6d. Chrlstchurch, August 23. The following sales are reported on tho Canterbury Stock Exchange :— Taupiri,' 20s. 6d. ■ Talisman Consolidated. 565.

Wuihi Grand Junction, 375. 3d., 375. 6d. Moss Goldflelds, 3s. 9d., 3s. 6d., 3s. 6d., 3s. Ud. Duncdin, August 23. Stock Exchange sales:— Itoss Goldflelds, 3s. Ud., 45., 3s. 10d., 3s. 9J<l., 3s. 9Jd. Waihi, £7 16s. 6d. Waihi Grand Junct'ion, £1 17s. 6d., £1 17s. 6d. Sales reported:— National Insurance, £1 lis. 6d. • National Bank, £5 17s. 6d.

LONDON MINING QUOTATIONS. . By Telegraph—Press Association—Copyright. London, August 22. Stock Exchange quotations include:— Waihi Gold-mining, buyers 158s. 9d., sellers' 161s. 3d.; Junction, buyers 375. 6d., sellers 40s.

TALISMAN. The report of the Talisman Consolidated, Limited,- for the fortnight ended July 2 is as follows:—No. 11 level: North drive (Welcome reef), advanced 13ft.; total, 140 ft.; width of reef, 12in.; values low. South drive (Welcome reef), advanced lift.; total, 323 ft.; width of reef, ISin.; values low. Stoping: The values from stopes off No. 12 winze average £3 ss. 2d.; tons sent to mill, 255. No. 12.level: No. 7 crosscut, advanced 10ft.; total, 74ft. At this point No. 15 winze was started and Eimk Sft. This winze is being put down to connect with No. 15 rise, No. 13 level, and should roach it at 75ft. Intermediate level, o!f No. 12 winze: The south drive has been advanced 40ft.; tal, 111 ft.; width of reef, 36in.; average of asaayo, £4 18s. 9d. Sto-Ing: Ttlc values from No. 4 north block stopes (south of No. 1 Woodstock winze) average £3 4s. 9d.; tons sent to mill, 400. The values from stopes off No. 12 rise average £4 Is. 4d.; ton 3 sent to mill, 185. The values-trout east vein stopes average' £1 16s. 6d.; tons sent to mill, 250. ... No. 13 level: North drive, advanced 27ft.; total, 520 ft.; width of reef, 48in.; values low. No. 4 crosscut, advanced lift.; total, 20bft. No change in ground. No. 12 winze, advanced 6ft.; total, 137 ft.; width of reef, 72in.; average oi assays, £12 17s. 6d. No. 13 winze, advanced sft.; total, 84ft.; width of reef, 12in.; average of assays, £1 lis. No. 2 north rise, advanced 21ft.; total, 45ft.; width of reef, sft.; average of assays, £1 ss. Bd. Stoping: The values from slopes off No. 8 rise average £19 18s. Bd.; tons sent to mill, 100. The values from stopes off No. 12 rise average £8 Is. Bd.; tons sent to mill, 258.

WAIHI MINE. (By TelOErapd.—Press Association.) Auckland, August 23. The Edward lode, which was recently intersected on the bottom level of the waihi mine, lias been pierced for a distance of 15ft. The ore has the appearance of that met with on a higher level, and promises to be of substantial size. At a point nearly overhead of the present crosscut this lode averaged 75ft. wide, > worth £100 per ton, thus giving good prospects. The Martha lode, westward on the same level, shows decided improvement on the. south wall. On the Empire lode, where extensive development works are' taking place in connection* with the openmg up for stoping operations, it has been found that the width of ore is much larger than what was expected, judging, by the drifts when first put through. The Royal lode, goine west is also a strong body of stone of payable grade.

THE GRAND JUNCTION. (By Telegraph—Press Association.) Walhl, August. 23. As far as can be ascertained, there is no sign of the Royal lode going east being picked up in the recently-commenced crosscuts.