MINING NEWS.

Dominion, Volume 4, Issue 944, 11 October 1910, Page 8

MINING NEWS.

.-; WELLINGTONSHARE MARKET. . ; Y: ; • ;Tho market. for mining tromely ; (iuiet' "yepterday, . and. -ydry ' little l business was done. Talismans ' were > firin',v \Vitii 'a :riein2 tendency.. Wailiis' -. woro ; steady; and Grand Junctions improved; durv •ihg-. the' day.. The. business , done-, wasas' under:— ; • !, • v . : >• -5313.93* (first. call); 505.«.0a.' (second- call). : ',• {/V'-. . \Vaihi, Grand ' Junction, .355. 9d.,'>355. v 6d.' -(first call);- 355. 9d. (second,call), .v■ t ;>;, ; Ross Goldfields, • 3s. - Id. (first/ .caU).V;\ • v; j QUOTATIONS, ; 0

''•yp' / ''.'■'< (By- Telegraph.—Press. 'Associatibn.) ' ;: ;? ./>'.'>■;.-;.;■;' ...:.•'-..;.■. Auckland;,. October -Business,done:—' '■; : - •''-;-..' :-"'.;,' '•■ ':T-. : '-.■■'■'.'.'■•■ i Bramner's Freehold,. 16.: 3d., ■~:; -.'v:.-,.'; ! Hauraki, 35;",7d.: ' ■■ ': V ; \W;-'..:'■■ '•'■''-■■ : ' '''.?/ - Waihi, "£6/12s/ 6d.?--'v.■-.:':•: -:■'■:: 4v- :;.-.'.- . Grand Junction, £1 16s. 9d. ...- ; .:' ; ;.. ! '' New:Zealand'.lnsurance,;£4.2s.' 6dv -... -.;■■ !Auckland. Gae,:i>3.53.-f : •.- ■ v ■~,:'y: -.The following: business was' done at, .the 3.15;.p.ni. call: to-day;— .-./ ..; . V . ; ; Saxon;,ls. 7d.'■.,. '..;{. ■_,;. .-;.••' ~,'•....., .. Bi'emncr's .Freehold,' Is. 8d.... ,•:-,■/, '• Old; Hauraki,'3s.' 7d., 3s. 6d., .38., ,5d.. '.Now'. Zealand Crown, 45,: 6d;;.v .- ...,',.::.;':,, :r Rising. Sun;: 3id. .':;'. , I- «t J ,-- ;-.,Wallif,'.\£6'-135.. ■ : .•'"'.■■ % ' •:>:'■''.-.'':':, .■•'!:-. :..Mountain King, (paid-up),: Bid..: ■.'-;:'.„«;., •:.H,oss 'Goldfields, 3s. 3d. ;:: . r : :> -\: '; ■: -.Waihi Grand Junction,, £1,175.'j.-,,;:-:,. Ss;.9d.'.'- , - ■'-■ .- ' y: '\- -v !,.'■> •;-; : itayV-Qucißii,v4s.' .2d.-;;.-■ ;{:>:;..}':■?:::■{■'■ • '';Watchman, Zs.'-.M. ;!'..,,,■'.'.'•■ :■■,.'■.■;,: : '.'■'■,':■;!'■ ■"':'■■ ' : ' ! -'t''. :^/^:Dunedin,:'Octotieir-10v : '' '■'-,Stock'■ Exchange ; :r.'-?'v : :H: : : :■'/■ -Waihl-.-Grand "Junction; £1- 16sir..: :;.•:„,'..!. ;y Old,Hauraki-- (fonvard.- delivery),,,3b. ; W.-.-reported:— "■£■■•.■.:':'■<■'!'■ 'i'v'.-'-;.,'-''. ' ■', -•• AVailii .Grand' Junction; .JEI- 15a. .10id. ! ,,f£l: :15s.:.9d;''vA'-:- ~<■:.::■ ;.'.>:';:,.":■ •:■■ ■;- :^ ;: .}-: '. Hoss-Goldflelds, 3s; ; 2d;V ";: -' ■ ',:•";.:..: '-. : ;National'Bank;-.: £5-; 165..; ■. ■ ;: .;;,./'.-• .•;;.y '.\ .-v;.--•■tStock fexcliiango quotatiohs:—'. : ,'::-- '.' 7' A- . Dredging v^stoclisr''.•'■'. Blaokwatorii'.-'' buyers - 4s. 6d.v : 's.ellors ' ss:-' 9d;;.: Islan'd--Block; buyers.'36.. 93':;. Hartley- andf..,Kilcy,'6ellers--155.; .Koputa'i,'buyer's : £1; ls.i'-Eisb'and-;ShiiieV:buyers £2:25. 6d.; Rising.Sun,vbuy-,' ;: crs:v-£2' '15.'.i.9d. : - \.:'^'i-j"Pl:y>\- : r~<;:\y&t v '?, -iMinihg.'stouks: .Ross :Goldfields, ,buyera : -3s. 2d:,', sellers'3s. Gd.; -Muddy Terrace; - buyers :i9s.;.'."sellorß £1 Is.; Consolidated- Goldfleids;. buyers : £1 : Is; 9d.;'-/Progress ; Mines-',of-How. Zealand,- buyers 165.; May.-; Queei!, :buyers: 4s:, sellers '43.'3d.; N.Z. Crown, ■buycrs-;4g.' ; 4d:;'Old, Hauraki, sellerß 3s.'.'.Bid.;;,Watcli--man, .buyers 2s. ,Bjd.,.sellers:'2s:lld.;:.Talistaan 'Consolidated, -buyers. £2- 135.-,. sellers, £2'l3b. :9d..; Waihi, .buyers £6 10s..'sellers' £6 -129.-:3d.';'Waihi 'Extended,, buyers 2s.'-. 5d.-,V'sellers 25.. Bd.; Waihi 'Grand Junction,-' buyers £1 16s.i sellers V£1..165. -.3d: ;<.Faio-: tahi;; buyers 3s.'■ 7J'd.; sellers :3s;'. lOd. i : ~.. ■•'.- Investment stocksr'Sank of New Zealand," buyers' £10- 59,;, .Union Bank',,-,buyers '£64' lfe.; ■: National -. Insurance,-; buyers; '£1";. Us/;. Standard .Insurance, buyers -f-li 6s:;vWest-', port: Coal, 'Co.; buyers £6.75.; D:1.0.' (pref.), : ; buyors !■'£%■ ,3s.'-'3d:; .Mdsgie! Woollen Foe-: •tory,' ■ buyers ; £3 .: 65.; •. - OliristohnrcK.'; Gas,: 'sellers": £9 -175.;: "PalmerstonL.-North vGas/, buyers;£B r los;; '.Ohristcliurcli:'Me»t;\.buyers-ai4^:2s..,«d.^^>';.:'.>/^^^o'|VV:^.;;;:-iN;;l'-;: S:|*y|R9S^''-QOtbFiELi)S; ; ;v^ :'.:. An- extraoriiinaiymeetiiiE ofishareholdera 1 of'the Rosß-iGoldileldß.Company wits held in" the' ..Sto'dfc. Exchahge . yesterday,->,. Dr- . -presiding.; 'She special -resolutions.• •ior/.yoluntary i.liiiuid-ation: and .reoonstruc- ! tion'; of Vthe'.cdmpajiy, • passed ..at: a '.-Kprevi-' oils meeting, were confirmed-;. Thef.-fee of the.'liQUidator;, Mr.-, pickery, -previously flxed.'at £50, was' naieed ,tb' £150, on -the suggestion'' of: Mr. ; Walter,,"Nathan;.: who. pointed: out - that tho, 'work' of.. the' liquidator was moro arduous than: was .at .first thougnf probable.', Mr.. Vickery's'Vaotion since \the last meeting was .This \vos, practically; the wnole: of'.tne. business'^before ■■■ the meeting,.,but; :■ there 'was'.'an , informal discussion -on ..severalmatters,.'.•:-.■:■'.."' ■.--.■''• :; ; '.'iV'-'.-J'b-if ' '.Mr. '.yiokery.; stated'; that; the mine .-had ■; been .iinwatered -at -a: oost'- of:: about-. £260,: "and,/,to '■ keep >it - ,unwatored, : would; ;oost about .£7O .a Iweek,' and : he';was' not:'pre-: pared: at present: to': commit .himself i. to: that' cxpendfture. 'It', has :'becn.. suggestea ■tha-t : the: min'o.' should. be'let.ion tribute, or,' failing. that, bo: allowed,to; flood again. There were many'obieotions-tO/thoJlettinK, of the' mine on tribute,. btit" the matter rested withUho'liQuidator. - ;.', ".;■:..'.'■ " ":Mr;''Shailer: Weston pointed put that the 'hew- directors must face,; the-|o:uestibn of supplying, sufficient pumping .power, otherwise., all; etforts,would: be more.or less :Wasted.;;- -v.'..,':,',;■ ; ,'', ': '.-.'■■■'■ ■: ■'■'• .; .' It was 'suggested' by- another-, .\Bpeakeithat the!opinion of.an-.expert shouW .be 'obtained, before the ;nev. company resumed 'vMr.'Nathan stated that-there woiild'be. no' need to execute a mortgage. to : Mr. Trent, for, the company's '. bankers .were prepared to continuo the advance until the; new company was formed... . :' : - ' The ■'position now is that the ; company is in voluntary linuidation, and the liquidator has to put forward his scheme ior re-, construoting the company. ;,'.'. ~" v /

| ■•■ : .';'■;■ GOLDEN■ BLOCKS •(TAITAHJ).;^-;; ; • The report ol tho Golden Blocks (Taitapulj Ltd., for 1909. states that tho crush; ings during the year amounted .to, 1154 tons, yiolding 12940z. of. gold, and about; lOOoz. more-were obtained is cleamiic the battery plates, etc-' the amount realised from bullion during the year was £5190. The profit and loss account.shows a profit of £445 on tho 'year's working, .which, with £2187 brought forward, amounts "to £2632, out of which a dividend of 6d. per share, • amounting .to. £2105, .was paid .on June 30, 1909, leaving £527'.t0 carryforward. Shortly after tho payment of;the,dividend, however, tho results of the crushmgs weremuch, diminished.. Owing to the unfortunate death of Mr. Giles, tho niino manager, in. November, coupled, with lack of payable', oro in. tho upper levels,; by tho advice of tho - company's . representative .in Now Zealand, tho mino was closed' down, and 111*.-A. F. Mimer, an engineer of great experience, was consulted. Oa his ,'advZo tho directors, decided • to' order. pumping, and winding machinery,., air ; ; compressor, and oil engine, in order to sick below No. J level. This machinery 'has.'now been delivered on ,tho Taitapu estate arid, will bo erected as. Quickly as possible, when it ie hoped that satisfactory returns, from, sinking at depth will lie met- with; ."Since the- Inst general meeting, Mr. Arthur Fell, M.l\; owing to his political duties,.'and Mr. E. P. Evans, owing to ill-health, have retired from the, board. Mr. P..-W. Gilbert has'joined the board; and ..will bo tho director retiring at tho meeting, but is eligible ami offers himself for re-elec-tion. - ... :.'.' '. DREDGING. :v; ■'■ (By Telegraph.—Press Association.)'; •■ Roefton, October 10.. Itecfton dredging:—Pactolus, 290z. 17dwt. for 131 tour*.

v »Ouyurs. Scliefo.".;' Sales: i - • £ s..d. £'p d.7 £ .8-cLv; Dixon Cbnsolidated • J- J •Dominion " '....l.V — 0 l ' - , _ . > ,.Kuranui :Calcdon'n . —0 l. °';y v .> .'Liay- Quccu:, : 0 — 0 ,0 J Mountain; -King ...... • : , 2' "S^S New- 1 Sylvia' 0 . 3 6 0v3 ;9 : . :v . r— Old Hauraki. .v.. 0.3 5. 0 <&>■ .Saxon 0. 1.5 /-.0 1 7 Xairua Broken,lI4Us ,, y \ •0 ■£. &■• v • . Tailisman '2 13 0. - 2 13;. 6 ; 213,6 Talisman (new issue) 115 0 1,15.6•, Waihi-6 li. ; o ;■ .6 12 .0; .trr.\Vaihi Reefs .........: Y 0 4 o: -r V■WailiuG'd; June; ... 1 16 0 1 16 9 . 1 15 .9. WaitAngi, 0 .1 -lj " '2 -§ <? 7 ' v' * Watchman 0'2 9 li.. ■ : a-., Con.' ; Croldficlds 1. 1 . ' 1\ 2; r'' i -NewlBig', River';.;.... -;2 14: 6 ; Progress ...~.\.0 14.-,6 n ~r : ltoss Goldfields 4' .0 3 1,