MINING NEWS

Dominion, Volume 4, Issue 934, 29 September 1910, Page 8

MINING NEWS

"... WELLINGTbN SHARE MABKET. Little business was done yesterday, and with few exceptions • the quotations show a downward tondcncy. Waihis .wero attain' weaker, buyers offering £6 Ob. 3d.; Grand Junctions sold' at 355. 9d. Talismans were flrm, . and again' changed hands at 52b.

Ross Goldfieldfi wero steady, with "shorts covering, and sales wore made at 2s. 10a. Tho business recorded' yesterday was as under:— Now Sylvia, 35., lOd. (third call). Old Hauraki, 4s. Old. (first call). Talisman, new: issue,-355.--6d; (first call). • Talisman, £2 12s. (second'call). Waihi Oraud Junction, 355. 9d. (sccond oall). . ' . ' Watchman, 2s. 10d-. (third call). Boss Goldfields, 2s. lOd. (second oall). QUOTATIONS. Buyers. Solium. Saloß. £s. d. £s; d. £b. d. Dixon Consolidated — 0 0 4 — Dominion — .0 0 3 — Kuranui — 0 0 51 — Kurarmi Caledonian 0' 1- 2 . — — May Queen 0:3 10 0 4 0 — Mountain King ...... — , 0 0 9 — If.Z. Crown — 0 410 — New Sylvia 0 310 0 3 It' 0 310 Old Hauralii 0 311 0 42 0 4 01 Saxon 0 13 0 15 — Tairua Broken Hills 0 12 0 15 — Talisman ..... 212.0 212 J 212 0 Talisman (new issue) 115 0 115 6 115 6 Waihi ...,; 6 8 3 6 9 0:—. Waihi Beefs — 0. 5 0 —; Waihi Extended ...... . — . 0 2 6 — Waihi Q'd. June.... 115 6 116 0 115 9 Waitangi 0 2 0 0 2 3 — Watohman 0 2 9 02 10 0 210 Con. Goldfields .;.... .11.9 — — New Big River — 213 0 : — Progress 013 0 ' 014 6, — Boss Goldfields ...... 0 2 9 0 211 0 210 Tlio Wellington Stock, Exchange received tlie. following telegram' yesterday from the Old Hauraki G.M. Co.:—"3olb. picked stone seaward stopes, 300 ft. level,. 101b. north stopes 220 ft. level." . STOCK EXCHANGE. (By .Association.) ; Auckland, September. 28. Business done on 'Change this morning: ' Watchman, 2s. lid. ■ -. Hauraki, 4s. . ' ' .; Crown,;.4s. lOd. : Talisman, £2 12s. 6d.; ditto rights, : £1 15s.'6d. ■ . ~. ' Waihi,' £6 lis. >. •• .. Grand: Junction, £1.165. 6d. , ; Bank New Zealand, £10 6s. ' Tho following -business was done at the 3.15 > p.m. oall to-day :— , Mount' Welcome, 3d. , . Old Hauraki, 45., 3s.' lid. New .Zealand Crown, 4s. .7d. ' . Waihi, £6 lis., £6.105. 6d. . Waihi; Grand: Junction, £1 16s. 3d.' New Zealand Insurance, £4 2s. - 6d.-' ■..Auckland Tramways (ord.), £1 4s. Auckland Gas (£1), £3 3s. Dunodin, September 28. Stock.'Eic-hauge. sales:— Talisman Consolidated; £2 12s. Waihi, £6 9s. 6d. Sales'reported:—. . ,-. Talisman Consolidated, £2:12 l. . Waihi .Grand Junctions, £i .lss. 9d. . . Mosgiel Woollen, £3 ss. ' .. . National Insurance, £1 lis. 6d. . Westport Coa-l, £6 Bs. 6d. Uriion, Steam, £1 15s. 6d.

Tho : following,, telegram.was received from, the 1 Consolidated; Goldflelds by .the' Wellington Stock - Exchange> yesterday :—. "The annual meeting of' the Goldfields.of New. Zealand was held in London yesterday, and tho following cablegram containing the latest developments in the mines and prospects of-the different .companies has .been sent by, the management in New Zealand,' to be laid before the shareholders at. that meeting Wealth,of. Nations: Beccnt developments, No. 11-level south being extended on; tho line of 'reef, 'satisfactory - width'and • values. No. 11 North, in reef matter. Progress Mines t Rise' from ' "Pioneer" reef /has developed large body of; ore above No, 11 level;' : ..'high. grade, 40. .feet :thick; extent is hot known. : Blackwater, Mines: Lowest level 1 and low level tunnel (battery level) reef is opening out .satisfactorily, Mr. E. W. Spenee, the: company's engineer, strongly, recommends' additional stamps ; to : tho mill equipment referred to in his letter of August 8 last. Mine looks' well. .- Mr.. David Ziman,' managing director/has also : dispatched the following:—lCotuku Oilfields: 100 barrels of oil have been, collected from shallow bores. Owing to recent : developments in the Biackvrater Mines - proving permanency of reef in depth and length, he strongly supports. the engineer's recommendations, for increased crushing capacity, and he fur-ther-states that shduld.no unforseen de'lays occur in operations the whole of the .Company's mines and properties must 1 experience greater prosperity in 1911," Copy or telegram- ..-receives from the Waihi Grand Junction, dated September 28:—Are crushing 303 tons -per day, actiial extraction is £1.125. Martha' Lode East, Nbi 5 level, , driven 829 . feet," low grado; south-east crosscut, No.. 5 level, has .been, driven up to our boundary; No.'4 lode; Empire,'. No. 5 level, east crosscutting south, 291 feet: No. 6 lode,;' No. 5 level'east,'crosscut at 600 foot, connections ho.ve been made to George lode, and ventilation has im.proved. . Crosscut'is now: being run to-in-, tcrcept Royal lode bey6nd- the fault. No. 6; Koyal lode, No. 5 level west, No, 1 rise is now up'7s fiiet, .width,of the-reef is 48 inches, value £4 13s. ?d.; Nor 4 .Empiro lode.v No. 3 level west, No. 3 rise,-is now up. 105 feet, the width of the reef is 48 inches/' value >£2 Bs.;-