MINING NEWS.

Dominion, Volume 4, Issue 1069, 7 March 1911, Page 8

MINING NEWS.

WELLINGTON SHAKE UAEKET. The mining share market was provided with a little excitement yesterday owing to. an official report that the reef had been cut in tho Saxon ground in tho deep level. Saxon shares advanced sharply, and were sold up to 2s. s'd. It is difficult to say whether the price will hold, as there are many cheap parcels on which profits can now be made. The transactions recorded yesterday were as under:— Saxon, 2s. sd. (second call); 2s. 5d., Zs. Hi. (third call). Talisman, 455. 6d. (second call). '■ Waihi,' 635. fid.-(first-call). ' Talisman, 2s. Id. (second call). The buyine and selling quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Con. Goldfields ..." 0 17 6 - Kuranui Caledonian .... - JJ » May Queen 01 11 02 2 New Sylvia 02 8 02 10 Saxon 0 2 5 0 2 6 Talisman 5 . S „ ? , Victoria 0-1 1 Mli 3 3 3 3 3 6 Waihi Extended - , 0\ \ Waihi Grand.Junction ... 1 5 6 1 5 9 Waitangi 02 0 02 2 Ye'ctordav tho Wellington Stock Exchange received the following, telegram from-the Saxon G.M. Co.: "Cut reef in Saxon ground one foot wide showing colours of gold, deep level crosscut." '<M' ' ' STOCK EXCHANGE. (Sy Telegraph—Vresß Association.; ' Auckland, March 6. Business done on 'Change this morning: May Queen, is. Saxon, 2s. 2d. to 3s. Id. Victoria,■Is. 2d. to 3s. Id. Golden Belt (paid), 4}d. Talisman, £2 ss. 3d.,' £2 ss. 6d. Taranaki -Petroleum, 14s. 6d. Bank of New Zealand, £11' 3s. Northern Coal. 9s. 6d. The following business was done at the 3.15 p.m. call to-day.— . Kuranui Caledonian, Is. 3d.Now Sylvia, 2s. 9d. Sason, 2s. 6d.. 2s. 4d. Golden Belt, sd. Waihi, £3 3s. 9d., £3 4.?. Wnilii Grand Junction, £1 ss. 6d. ■ Victoria, Is. 2d. May Queen, Is. lOd. Mount Welcome 3d. Mountain King. sd. Now Waitaia, 9d. Chrlstchurch, March 6. The following sales were feported on the Stock Exchango of Canterbury to-day:— National Mortgage and Agency Co. (London Register), £3 2s. 3d. Wcstport Ooal, £1 lis Gd. Dunedln, March 6. Stock Exchange sales reported:— Waihi, £3 3s. 9d. Waihi Grand Junction, £1 55., £1 ss. 6d. Wcstport Coal. £1 Bs. 6d. Now Zealand Insurance, £4 3s. National Insurance, £1 15s. NEW BIG BIVETt. (By TclcEraph.—Press Association.) Raefton, March 6. The New Big Eiver return for February (less one week stopped owing to the drought) is as follows:—Battery, 3400z. 4dwt.,„from 430 tons stone; cyanide, 50oz. 17dwt. :bu!lion from 300 tons sands; estimated value, £1690. DREDGING. (By TelceraDh-Press Association.) Roefton, March 6. Eeeftnn dredging:—Worksop, 920z. Gdwt. for 135 hours; Pactolus, 440z. lCdwt. for 117 hours.