MINING NEWS.

Dominion, Volume 4, Issue 1135, 24 May 1911, Page 10

MINING NEWS.

WELLINGTON SHAKE JIAKKET. With the exception of Talismans, Tairua Mines, and Old llaurakis, the tendency in mining shares yesterday was to a lower level. Wnihis anil Waihi Grand Junctions were decidedly lower. The salts recorded were as under:— May Queen,- Is. 6d. (third call). New Sylvia, 2s. lCd. (first call). Old Hauraki. 25.'%1. (second call). Kaxon, 2s. 2d. (second call). Talisman. 525.. 525., 525. 3d. (Orst call); 52';. (second call}.

Waihi, £6s. 6c!., 655. (first call); 655. 9d., 6ss. 6d. (second call); 655. (third call). Waihi Orand Junction, 275. 9d. (first call); 275. 3d. (third call). The buying and selling quotations were as under:— Buyers. Sellers. £ s. d. a s. o. Con. Goldfields 0 15 0 0 16 9 Dominion — 0 0 2 Kapanga, 0 0 7 0 0 9 luiranni Caledonian 0 10 0 13 May. Queen 0 16 0 1 B ■New Sylvia 02 10 '02 11 Occidental — 0 0 5 Old Hauraki ". 0 2 2 0 2 5 Saxon 0 2 2 0 2 3 Tairua- Jlincs 0 16 0 17 Talisman 2 12. 0 2 12 6 Waihi 3 4 9 3 5 0 Waihi Extended — 0 18 Waihi Grand Junction ... 1 7 0 17 6 Waitangi 0 2 0 — Ross T. — 0 2 0 Tho following telegram has been received by the Wellington Stock Exchange from the Tairua mines:—"Cut western reef 42 inches. No hanging wall, fair dish prospects." STOCK EXCHANGE. (By Telegraph-Press Association.) Auckland, May 23. Business done at this moraine's call of the Stock Exchange:— May Queen, Is. 7d. Jlonowai, Is. 7d. New Sylvia,-2s. lid. Saxon, 2s. 2d. Hauraki. 2s. sd. to 2s. 3d. Crown, 3s. 7d. Golden Cross, lOd. Tairua Golden Hills, ltd. Talisman, £2 12s. Waihi, £3 6s. 3d., £1 ss. Grand Junction, £1 7s. 6d., £1 7s. 3d. Northern Coal, 10s. 6d. Kauri Timber (con.), 17s. The following business- was done at the 3.15 p.m. call to-day:— Taranaki Petroleum, IBs. 3d. Occidental Consolidated, 4d. Sa,xon, 2s. 2d. Old Hauraki. 2s. 4d. Talisman, 525. . Waihi, 655. Waihi Grand-Junction, 275. 3d. Dunedin, May 23. Stock Exchange sales:— Waihi, £3 6s. 6d. Waihi Grand Junction, £1 7s. 9d. (eight weeks' delivery). Old nauraki, 2s. 3d. ' Westport Coal, £1 Bs. 9d. (two parcels). Sales reported:— Talisman Consolidated, £2 12s. Waihi, £3 ss. 9d., £3 ss. 6d. New Sylvia. 2s. lid. Union Steam, £2 Is. KARORI BOROUGH COUNCIL. . —■>■- - LARGELY TRAMWAYS. The ordinary meeting of the Karori Borough Council, held last evening, was attended "By tho Mayor (Mr. C. Cathie) and Councillors W. T. Hildreth, Frost, Standen, Burn, Bradnock, Nimmo, Anderson, Horn, and Hamilton. Tho city tramway engineer and manager wrote- proposing that the 3d. and 2Jtl. tickets be available between . Johnston Street and the Kelburnc Avenue and the Karori Tunnel and the Kclburne Avcnua respectively. With the opening of the extension to Karori Park, the number of tickets ventured to be handled on cars on tho Newtown to Karori run had been increased to such nn extent that the conductors were now hampered in the'collection of fares at times of heavy loading. No hardship would be imposed on Karori residents by this' alteration, as the Is. Gd. concession tickets were available from the Botanical Gardens to the Kelburno Avenue.

It was decided to accede to tho request of the city tramway engineer. Tho .possibility of rearranging the tramway service so as to make it more convenient was briefly discussed. Eventually 15 "m s dccille(l to refer the matter to the tramways Committee. Tho Tramways Committee recommended that signal lights be provided' on the tramway at Dix's corner (at a cost of «ESO) as. recommended by the city electrical engineer.

. the Mayor said that these lights were intended to guard against tho possibility 01 n car running past a loop and coming into collision with another at one of the bends, two slight accidents had nlready oecurred. Providing the lights might prevent, the occurrence of more . serious accidents in future. .

Tho recommendation of tho committee was approved. . - It was agreed that the manager of the now discarded bus service ha retained in the council s employ until the horses had been sold, and that an extra fortnight's payment be made to hiin for the work lie had done since the opening of tho tramway to the borough 'chambers Some discussion took place upon the proposal to reinstate tho ten minutes' service to the Borough Council Chambers, between the hours of 1.30 p.m. and 6pm ■n '1 vo ! e ', (hn Proposal-was .carried ,J r six votes to four.

iho engineer reported that the tarring of the tramway track had been completed and the track passed by the Government inspector. A start was made in the previous week with the bridge culvert, South Karon. The trench had been cut at tho lower end. A start to put in the bottom and half the frames would be made on the following day. .The writer furnished a ii , ," ,lts on tlle miliu ro; "l which could be dispensed with, owing to their being duplicated in many places by the track lights.

The Lighting Committee was given power to act. in connection with the lamps mentioned- m the engineer's report as being now unnecessary.

Councillor Hamilton withdrew a motion of which he had given notice: "That -the Government be asked to make a revaluation of borough properties before March 31, 1912," and Rave notice of his intention to move that a committee bo set up to go info tho matter and report. On the motion of Councillor Standen tho Mayor, and Councillors Hildreth Nimimy Hamilton, and the mover, were" appointed a committee to go into the matter of a shorter route to Karori, and report at next meeting.