MINING NEWS.

Dominion, Volume 4, Issue 1114, 29 April 1911, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. Little business was doue.in "mining shirt yesterday, this - berns . owmg. so doubt, t the distraction of the races. Tno onl noteworthy feature was a slight, improv, meat °n New Sylvias, but no business wa done in thorn. Tho sales recorded were a U WaihT 625. 3d. (first call): 625. 3d. (thlr ° Waihi Grand Junction, 276. 3d. (firs call); 275. 6d. (third call). The buying and selling Quotations wei as under:- _ ~ Buyers. Se!?v £ s. d. £ s. < Con. Goldliclds ~ g » Dixon Consolidated - » " Dominion _ 0 0' Knpanga . ~. ' Kuranui Caledonian Oil " } May Queen 018 ul] Maoriland, °° J ~ , New Sykia . 02 9 o_2 I ental ...:z:::::::::::::::::: o° 11 02 Tairua Broken Kills 013 0 1 Talisman 21" 6 211 Wailii Waihi Grand Junction... 1 'i ' 3 — Waitangi 0 1 n LONDON MINING QUOTATIONS. By Telegraph--Press Assoeiation-Coryrigh London, April 27. E inf2^d.^ r r | Talismans at fls. 6d. (buyers), and 51 Cd. (sellers). STOCK EXCHANGE. (By Telegraph-Press Association.* Auckland, April 28. Business done os 'Change this morning;Kcw Sylvia, te. Bd. Occidental, <>d. Saxon, 2s. 2d. (second call). U». ' ¥Sis m a an d '£2- a iC3. 9d, do. (new), £ 2s. -..6d. ■ Waihi, £3 4s. Grand Junction, £1 Os. 6d. Northern Coal, 10s. 6d. The following business was dono at th 4d„ 31d. Saxons, 2s. Id. Waihi, £3 2s. 3d. Wai'ai Grand Junction, £1 (s. da, New Sylvia, 2s. lCd. Golden Cross, Is. 2d. Dunedln, April 28. &yKia ha 2s EC B4 a ! e r9d. (two parcels'. Sales reported -.-Waihi Grand Junetioi £1 7s. Id.. £1 7s. 3d. tcight weeks). Talisman Consolidated, £2 Us. Waihi, £3 Is. National Bank, £6 RETURNS FROM WAIHI. (By Tclcgraph-Pres3 Association.) Auckland, April 28. The return from the Waihi m ' n ° £ ,° tw- norind ending April 15 was £58.156Sfcffhe'treatment of 29 ; 451 ton of ore Thifi is a dron of over i&.W udoj tho previous return. The total won froi tho mine to date is £9,313,574. TALISMAN CONSOLIDATED. Tho Wc'Hngton Stock Exchange rcccivel the following telegram yesterday :- 1 Foflow'ng "cablegram sent to London : - "Drivin" No. 13 level south from )250 f 1285 ft.; width of reef. <2in.: assay, value £1 OV 3d.; from 1286 to 1332 ft.,. width o reef. <Bin., values low;. No. 12 winze, dnv in-north pi-ogres- 30ft.. reef wide; thai drive assay value. £7 &. Cd.: drivm, south, progress 32ft. jcef .wider thai drive, assay value. £5 lis.; sinkbg No. 1 winze, progress 21ft., width of reef, 4sin. assay value, £9 2e." MOUNT LYELL. By Telegraph-Press Association-Copyright Melbourne, April 28. weeks esoeii '-V' , f b!ister CO nper. °c ntainrng 0d 6 U 95 C tons 3 of°conper 41895 ounces of silver, and 753 ounces of gold. " UNDVUNTED GOLD MINING CO. balanSe'sheeffor the half-year ending ll^Nollow. r n E P ifThe Cd suh S tauce of the r St •-"Your directors have to .report that the result of working the claim for the half-year ending March 31 shows a halanco of £<22 Os. 7d. The supply water began to fai soon after last September, and owing to the prolonged drought which his prevailed over the whole district, no wash up has been possible since the end nf January last, and sluicinc was entirely sowed during March. Owing to this scarcity of water and suspension of opera, tions the ground we are at present work- ■ ins Vunlfkely to.be finished under another year. The prospects are good if water is available." After n, few introductory remarks, the chairman proposed that the report and balance-sheet be adopted This, being seconded, a discussion en the working of tho property ensued. One shareholder stated that the directors were wobbling. ' Ono year thev decided to change the ground and reported material prepared. Tho next they reported the abandonment of that, and adopted another plan of operations. Meantime, the shareholders were getting nothing, and were naturally getting tired of waiting. Want of water wps always used to fall back on as tho cauEO of this state of things. Tho question which he wished to ask was: Was there onou"h energy shown by tho management to mako the most of the water as long as it was to be had? lie had it on good authority that more might have been done. O»o shareholder, with local knowledge, had told him that water had been available up to October, although it was eaid to have failed early in September. The property, however, was a mod one. From reports which no had. received, it seemed to have great capabilities, but these must be developed. Another shareholder, with local knowledge said that ho did not know the shareholder who had just spoken, but ho agreed with all that he had said. More should bo made out of the property. The chairman replied, explaining what had been called tho "wobbling" in the manageirent The change in plans, ho said, had been due to the fact that, when they came to sink it was found that the ground did not turn out as was expected, and, therefore, it was better not to proceed with what had been intended. As to the failure of water, that could not be prevented. The report and balance-sheet were then adopted. DREDGING. (By Telegraph.—Press Association.) Dunedln, April 28. Drrdcing returns: Karaunui, 230z. 9dwt.: W.tikaia, 15oz. 17dwt.: Mastertcu, lOoz. lGdwt.; Koputai, 9oz. Idwt.