MINING NEWS.

Dominion, Volume 4, Issue 1043, 4 February 1911, Page 8

MINING NEWS.

WELLINGTON.. SHARE MARKET. >- 1 , Waihis .were dceidedly firmer yesterday with up to £3 17s. Talismans also Tccovered, and were sold >at 475. 6d. The market, Ipwovcr, • ia still weak; and it will be some time before there is a recovery. . The eales recorded yesterday were as under:— May Queen, 2s. 7d. (first call). Talisman. 475. 3d.. 475. 6cl. (first call}. •Waihi, 745.,' 765. (first call); 775. (third call). Waihi Grand Junction, 3Cs. 3d., 3Cs. 6d. (rccond call): 30s. 3d. (third call.) Woitangi, Is. lid.. 2s. (third call). Tho buying and selling quotations wore r.a 'under,:- . „ „ „ . Euvers. Sellers £ 6.(1. iai. Kuranui Caledonian - "13 •May 'Queen ° * 'New Sylvia 0 3 6 "38 Old HauraUi " \ ® 'falisniari' 2 7 0 ill Waifa 1103 110 • Waiotahi- J J < 2 .WaitiTisi 0 J" 11 I Watchman 0 2 7 0 2 8 Con. Goldfields ~ 10 0 STOCK EXCHANGE. (By Telegraph-Press Association.) Auckland, February 3. Burners done at this mornings call on 'Change included:— May Queen, 2s. 7d. Saxon, .Is. IW. Talrua Broken Hills. lOd. Waihi, £3 17s. toi £318s. Cd. Grand .Junction ,£1 Gd., £1 10s. 3d. New Sylvia, _ 3s. sd. Crown, te. 3d. ■ Maoriland, 3(d. New Waitara. 9id. ■ Wilson Cement (crd.), A l-3d. Tho following hnsinefa was don" "at the, 3.15 p.m. call:—May Queen. 2s. 4d.; New Sylvia, 3s. 5d.; Occidental (con.}, ua.: Sa*on is 10d.: Crown. Is. 3d.; Maonland. ;fd "Vlisman (con.), «s.. 475. 3d.; Waihi. 793.',' 79s ! 7™s 6d , 793. 8d„ 78s. 6d.; Waihi

Grand Junction. 2to. 6d., 30s. 3d.; Northern Steam (con.), 7g. <d. Christchurch, February 3. Sales reported on the Stock Exchantre cf Canterbury wcro:—Bank of New Zealand, £10 lfo.; Wellington Woollen. £3 IBs.: Taupiri Coal, £1 Is. 4Jd., £1 Is. <id.; Westport Coal, £1 63. 6d.; Waihi. £3 135., £3 l«!s. Duncdir!) February 3. Stock Exchange sales:—Waihi. £3 15".. £3 15s. 9d., £3 155. 6d., £3 15s. 9d.. £3 15?.. £3 I£i3. Sales reported:-Waihi Grand Junction (3 weeks delivery). £1 lis.; N.Z. Crown. is. 2Jd. THE WAIHI MINE. CABLE TO LONDON OFFICE. (Hy Telegraph—Press Association.} Auckland, February 3. The following cablegram has boon dispatched to the London office-of the V/aihi. Company:—"No. 9 level, Edward lodo, coir\h from .perch crosscut-crosscut at 150 feet, first 30 fc2't £3 ss. p'jr.ton. Edward lode, north from porch crosscut, 70 foct driven, 63; 6d. a ton. Waihi return: Period end January 31 crushed 16.C07 tons, value £30,061 2s. fid." . STATEMENT BY MR. RHODES. The report by Mr.. Williams upon the statj of the Waihi mine was not dated when published, and -masy people have expressed the desire to learn, when it was drafted. A statement on the subject was made on Tuesday to tho "Herald's" Waihi' correspondent, by Mr. C. -Rhodes,' local director and attorney, for the Waihi Gold Mining Company, who was interviewed at Waihi. He was asked, whether he would reply in any way to'tho criticism that had been made during the last few days regarding tho sudd'er. drop in the price of Wailii shares. Mr.. Rhodes . said he did not intend to make any reply to any criticism at all. but he' was quite willing to give, without any hesitation, the date on which tho report that had created oo much excitement, fas prepared. On December 12 the London • directors cabled out for .'a special report. As the English mail left on Decomber 14 the report was rushed through on that date, and was pent to England. "Since then," he said, "about six weeks have elapsed, during which the report had to go. by mail. to Losdon, and bo acted upon there by .the directors. This is surely -f-ideivro that thero was rio delay whatever." " Mr. Khodofi. was asked whether he was prepared to answer tho allegation that ; Rome pcodlq had had "insido information." I upon whi>h they had able to act. i but he absolutely declined. If tho Stock Exchange or other interested poople wished to criticiso their criticism must be sentto the London directors, and they would no doubt deal with them. He certainly would not. Beyond stating tho date of tho report, he declined'to make any furtheir explanation. - . 3IOUNT LYELL MINE, oy Teicgrapu—l'rops AseorintWn—Cooyrlgli* • Melbourne, February 3. - The taount Lyell returns from December ?.9 to January 25 inclusive, show that 29,376 tons of ore was treated, also tor. t-onr of purcha?cd oro. The converters produced 639 tons of blister copper containing 631 tons of copper, 40,8640z. of ell/er, and 9090z. of gold. DREDGING. 'By Telegraph—Press Associo tion.l Dunodin, February 3. Dredging returns:—9C9 dredgo, 710z.; Electric No. I, 28oz. 7dwt: Central Charlton, 15oz. lOdwt.; Waikaia, 9oz. 3dwt.; Mystery Flat, 9075. 2dwt.; Koputai, Qpz. 6dwt.