MINING NEWS.

Dominion, Volume 4, Issue 941, 7 October 1910, Page 8

MINING NEWS.

■;; IWELLINGTON.'SHAEEMAEKET. .' Tho'.market for mining shares was.quiet' yesterday, and very: few sales were made. 1 - .Waihis wore again weaker, and at the close of the day sellers quoted £6 Us; 6d. Talismans were 6teady at £2 12s.' 3d; Waihi' 1 Grand'- Junctions.- were .easier. • The: sales: recorded were as under:— ;'. /.Old Hauraki, 3s. lOd. (second.call).. Saxon, Is.-6d. (first"call);.'■.-■■ : Talisman,,s2s. 3d. (first,call). . ! . : Talisman, new'issue, 355. (first call): 355.(second call). ■ ... . •;;■,> , -~ (.'Victoria, .12* d„ ,Is.. Id. 1 (first call). :..' ■':,, . -Waihi, £6 125., £6 12s: 3d:, £6 12s. 6d: "(first' call).-: -: ;.: --.; y ■•'■'-...'-, •' QUOTATION! ■';..."-.v>-v ': : :,.'/'' : :■<■ ' -BuyeM. SelUrn.'". SaW ■y'il-- -r-.- ■':■;£ s,d.; .£-„; d:: £s.a:Dixon Consolidated K :— '■ ' 0 0 4■-.:.. — : Dominion' •■■"—' : 0:0 — ■••■ Kuranui■■-.; ; , — 0 0 6 — - Kuranui Oaled'n .;. 0 '1,"5,:-"0 1-7 — >'■ MayiQueen .............. 0 4 0 0 4 3' — '"■; Mountain King: :■..'...:..—,;. -i 0 011 v _ ' New/ Sylvia ''.:.... ; .:....\ : . 0-'". 3 ■• 9'". 0 3 10' '.'-—'•' Old Hanrahi,.....'...;. 0 3'9 0. 310 0 310 Saxon: ..............;;..... 0,1 5:01 ,7, 01 6 ;Tairuaßroken Hills" :.- ' 0 I' 6 '■■'—'"■.• Talisman;. '.:...........:: 212 3 212 6 ■."■: 212-3 Talisman: (new is.) : '—-■•■ 115. 3 . 115' 0 .Victoria '~.;:..:... .".0 l r, o. 0.1 ;2' ohl -1 Waihi j ..:.-„..:..;..': SlO 0 511 6 612 6 Waihi.. Reefs : — -.'"0 '4 9 V-..—'.'..' Waihi O'd Junct'n' 115 6 , 115 9 .—..- Waitangi (,: „;.;.;;;.:i 0 2-0 0"2 1 '■■■—-" Watchman , ....;.;...... 0 2: 4 o'2 7 : — . Ooh: :Gold(ields':...:.;;i -1 '9 - - - .' — ":: New.'Big .'River ;,. 2.15 0. -.—.. '-._ Progress •.....'.......... 014 0.0 14' 9- — V Boss-Goldfields ...... 0-. 211 : '0 3 l-'.,"'.-i -

'..:, "i ; .•'. "STOCK EXCHANGE, ~ i ; ; (By Telegraph.—Press Association.) ■'•'■■''. ■ Auokiand, October • •t'.':' --.'Business'.done.this morning:— .; ■ ! May .Queen* 4s.'ld. to 4s'.'3d.' ' :,.'Saxon,-Is. 7d;;-:'•■'•■ -.■'•'.-■■.', -' I '- ; -.--.v --!•• :■■.-"■■' Waiotahi, 3s: lid;,■■ •'•■'",-'■' :.' ; :.:'., '.-. Watchman,'2s.'9d.';'2e'.':'7a.' ':.:'■■■'. ' V-Eoss,- ; -35.-:id. : . '■ .-, ''-.- -.'•.'.:-,■ :'>. v.'.' • Bremher's Freehold;- l'si 6d.' . iHauraki,'3s.' 10d.' V'. - -'.'. ; • . ■ :''Komata Eeefs|-5Jd." :•'- :■ : ',-.■•■.- ■Talisman, £2 13s. ::.:':;: ; .-. '■'■:,'■':. ■ Waihi,:£6U2s.-.. ■■'. ; :-.'-i'-'■'.■.' .Waihi .Reefs, 4s. 7d.".' - ■'-.-, .Grand Junction! £1,163.' 3d. , The following, business was done at ,'tlio 3115 p.m. call;— '•■".-' ;•,-,•" ; v.-v;'■ : • : .! : ■-...'-.•■.'■' ...May Queen, 4s. 3d:,: 45.-'2 d; •".■.;•' > Point: Russell, 2Jd.: - ~ -'~.-.'■■ ■-.• ■; -.- Saxon, Is. -7d. y:j. : . : tr'-. -v,Waiotahi,,3s. 1id..:..-.. .'.-... : ■v-Watchman, 2s. 6d.- ; : .. '..,.. ,-.•'■-,'■■-' '■■'■/ .Progross - Minos, 14sl" 6d.'.. 14s. 9d. Hauraki Reefs (con.);"4d. ■:: '.-;..-' • Old Hauraki, 3s. 9d., 35,-Bd.: .- . ~ Eising. Sun.Sd. '~ :■ ', ''.:,,:-.. : .»'.. ■■ . -.Talisman' Consolidated. £2 IJb.,'JE2 13b. 3d. 1 ;:Waihi.:£6 125.!6d: 1 : :,v:rt. ,' ,V ''■■~■,■''■. ,H:M;' Arcade (pref.), :£1 Is; ■, ; , .■:. -:i : , : ■'':'.-" '■'•■»'■/■.''.-'' Chrlstohurch, October' 6:.: Sales reported on the Canterbury .Stock Exchange to-day were as follow:— : ■ Ohristchurch: Meat (£l).' £14, £14 2s;' 6d. ■ ■. '.-- Westport-Stocktons,7s.'. •,.-.■■•'- ' : ..Ward and-C0.,'£5,25. 6d. ; • ; . ••' ; :Eoss'Goldflelds, 2s. lOd.:,:'': ■ :':'.:.' L - ; ':'.'.-. Dunedln,, October 6. .Stock Exchange sales:—': ""-■- May Queen, 55., 4s. sd. "'■■'■■ •' ' ! ' ■ ''■■'•• -;-. Watchman, 25..8d.; -7ji. 6d. : -.'.': •-..Waihi, £6 lis.' 9d., -£6• 1i5.".6d.,' £6' 10s:- 6d. ;, Waihi-.Grand Junctlon.l £1 15s. 9d„ £1 15s; 9di' . '".'. :::.'.:;.' ■'..:; '■:■ ■■■:.■■■:'.. -,-■'.' '

■ '■; Sales reported :—Waihi, £$ 12a. 9d M £6 10s.; "May Queen,/4s.' sJd.;' r Mount Zechau, B?d., 83d.; New; Zealand 1 Paper, Mille, £1;- 45.; Bank of. New Zealand, £10 ss.j Union Steam, £1 15el ,6d. :;;;-. ■ '.:■:' ■.

■;- ./; BOSS GOTjDHELDS'. MINE.' ' \ -.' (By Teiegraph;--Press Association.) ■. ; Hokltlka, October. 6. ■-Mr. ■Falkinbach,. the -contractor for the' ■nnwatering,*of .the ; Boss', Goldfields mine •and.' 'general' overhauling-.of "the- puinpß, completed .his task,, to-day,.:'and-'the work-ings-are now-dry;.-During the progress of the ,unwatering:-of the- which 'has occupied.'a' : little over, a week,, there''was not the-slight«st-;hitch'of';any kind in regard, to .tho running- of the although ' the .area' of ■; the . workings;' is nearly-twice as much, as it.was'wKen-ilast pumped out... Tho "time taken by, the. contractor 'was the same as that' occupied in drying 'out ;th'e'.'mine .on.', the previous' occasion. - The'.pumps-have :been .handed over .to' the'compL«ny.'s; staff.' - This. morning Mr. G. Trent and Mr. H.' M. Smyth, accompanied '■ by Mr..!Moye, tho mine.'-manager,'..weut:. through the pump chamber, at the seventh"-level. From a superficial inspection, 'according to these gentlemoii, it looks as if, the. plant is hot so. seriously damaged,as;was at flrst supposed, and if promptly attended'to should soon ■be in running .order again. On taking over the"'work the mine;'manager: took ■ immediate- steps to sebure ; tho pump motor, which:was left at tho bottom of the shaft,. and conveyed it and' other electrical gear to a placo on the:surface. ■ The following telegram was dispAtohed to-day to.the liquidator in TVelSington :— "Personally inspected the, pump > ! chamber at 1 tho seventh level to-day with the mine manager.' .Workings dry.'-It how rests with you to. arrange for. permanent-pump-, ing. Strongly advise.you to immediately invite by advertisement tributors to 'work tho sixth : level.for say three month'B.'See no difficulty, in.'igetting a-party of competent'miners to offer terms, which would relieve the company, of. all expense till .reconstruction is completed, and provide' a. small profit in the meantime. l Small mat-; ter requires prompt attention. Glad to assist you in any.way," '" •-;..'■

>.. '.. THE REEFTON MINES. ■' ... "GENERAL IMPROVED :>EEL.pfG." . . i (By Telcgraph.-Press -Association.).:' " Reefton, October 6. ; New Big River: The following,is the report for. September—No. 1 level, .eastern end, extended flfvy feet. In the last 30 fcet.tho reef track has been.running:on a southerly course, but it ■ is now turning eastward. During the extension of this level a solid body of. ore, 25 feet long, was passed through,' varying from a. few inches t0.6 feet in width:. This, ore, .which corresponds: to the ■ old eastern reef in No. 9 level, has now. cut. out, but another 20 feet of driving should out the new easternblock. No. 10 level rise i 6 now at a height of 91 feet, and there yet remains 21 feet of rising to connect i with the western winze. Seventy feet.up,' the.'western reef was cut, ,at which point five feet of solid .stone, was met, but this, has narrowed to three-feet in width; This stone is of-vory good.quality. The extension of the western end of No. 10 level has also been commenced, and the western reef expected to bo cut in about 25 feet of drive. No. 9 level: The. western winze has been cleaned out, and sunk to a vertical depth of 8 feet. In the stopes between' Nos. 8 and 9 levels is a, small leader,. from ' which 20 .tons of good- , quality, stoho has been obtained. . From development work, in No. 10 lovel and rise, 200 tons of oro has been obtained, and this; with the 20 tons won from No: 9 level 6topes, was crushed for a return of 3<150z. 15dwt. smelted gold. 250 tons of sand were cyanided for 78oz. 3dwt. of bullion.- The total value is approximately £1600. . The abovo return averages (without the cyanide), £6 55..9 d. per. ton. Concentrates on hand amount t0,25 tons 3cwt. 991b. '. Thero is • a general' improved feeling in mining circles, here. It is stated that a reef 200 feet in length and 6 feet in average width hsw been cut in a prospecting lease taken up adjoining the Wealth of Nations mines. Surface outerop samples show .gold. 'Good reports arc current regarding the Progress mines.