MINING NEWS.

Dominion, Volume 4, Issue 1137, 26 May 1911, Page 8

MINING NEWS.

WKLLIXGTON SUABE MARKET. Comparatively little business was done balily in conseciusnce of reports that the threatened strike of :iiii:c.-s hart assumed a serious aspect. Grand Junctions were weak in sympathy. Talismans were quoted ex the. dividend of Is. £d. iier share, which was payable yesterday. The tales recorded were as under: — May Queen, Is. £d. (third call). Now Sylvia. 2s. ICW. (third call!. Saxon, 2s. Id. (third call). Waihi, 635. 9d. (first call); 635. 6d. (second call); 635. 6d., 635. 3d. (third call*. The buying and selling quotations were as under:— Buyers. Sellers. £ s. d. x *. a. Blackwater — 18 0 Bremner's — 0 0 4 Con. Goklfields 0 15 0 0 16 9 Kapanga 0 0 7 — Kuranui-Calcdouian — 0 13 May Ottcen 0 15 0 17New Big River 3 17 0 - New Sylvia 0 213 0 211 Occidental — 0 0 5 Old Ilatiraki 0 2 .1 0 2 6 Saxon 0 2 0 0 2 1 Tairua Mines 0 16 0 17 Talisman 2 10 3 2 11 0 Victoria. 0 0 11 11 1 0 Waihi 3 2 9 5 1 J Waihi Extended - 0 17 Woihi Grand Junction ... 1 6 9 17 0 Walotahi — (12 4 Waitangi 0 2 1 0 2 3 Watchman — 0 16 Rose - 0 2 0 The following telcsnms were received by the Wellington Steel; Exchange yesterday:— Tairm Minos:—"Penetrated reef. 6ft. 6in. wide, defined h.nnging wall, water about back to normal." Talisman Consolidated :-"S»iit London following cablegram:—Xo. 13 level south drive, progress 35ft.. reef CC-in. wide, average value £4 83.; driving north of No. 12 winze, progress lift., reef 42in. wide, average value £5 75.: driving south, off Ho. 12 winze, progress 18ft.. reef wider than drive, average value £9 65." ' STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland. May 25. Business done on 'Change this morning:— May Queen, Is. 6d. Occidental, <jd. Saxon. 2s. Id. ' Waiotahi. 2s. 3d.. 2s. Id. Golden Cross, ltd. Tairua. Golden Hills, K, Is. Id. Tairua Monarch, Is. 7d., Is. 6d. Talisman (ex div. Is. 6cl. share), C 2 lCs. 6d., £2 Us. . Waihi, £3 35.. £3 2=. M. Grand Junction, £1 7s. The following business was done at the 3.15 ii.m. call, to-day: — itenowai,'.ls. 7d. New Svlvia. 2s. lid. Saxon, 2s. Id. . ■ Jtaidi"o 3'l. Golfloii licit, 3d. Waihi, £3 3?., £3 3s. 3d. Waihi firand Junction, £1 75., £1 7e. 3d. ' Tarcniki Oil, 18=. New Waitnia. 9:1. ' Auckland Tramways (ord.). £1 ss. 3d. Dnncdin, May 25. Stock Exchange talcs:— Waihi, £3 <s. 3d. Sales reported:— Golden Bed. 11s. Cd. Waihi, £3 3s. 9d. TTnion Steam. £2 Is. Wcstport Coal. JBI Bs. 9d. (two parcels).

KOMATA. (By Telegraph—Press Association.! Auckland, May 25. Komata. Ecof return:—£!j32 from 7CO tons. THE WAIUI MINE. (By Tclcsraph—Prejs Association.) Auckland, May 25. The following cablegram has been dispatched to tho London office of the. W'aihi. Company—"No. 4 level, Koyal lode, west of No. 5 chart-Crosscut lCft. driven. 2s. 6d. per ton. Edward lodes—South from Perch crosscut., ilret 20ft. driven. Cs. per ton; next ICft., £3 10s. per ton. Reptile south-east, crosscut —40ft. driven. Level No. 10-Cro£sem north from No. 5 shaft. 17ft. driven. Lsvel No. 10—Have tapped larjre quantity of water; level full of water. Probably stop development work for three days." TALISMAN CONSOLIDATED. A lIALF-YEAR'S BETJJBNS. The following detailed particulars of the affairs of the Talisman Consolidated Goldminin'; Company arc published in the "Financial Times" of April 13:— Capital: .««.OM. in « shams (3CO.CCO fully paid, and 15.CC0 issued at, 253., partly called up). There are 50 stamps, concentration and cyanide works, and three tube mills. In the following tabb the tons of oro treated during the periods from October, 1910. to March, 1911 (inclusive), are given, together with the tottil revenue, expenses, and profit for each month. The revenue, expenses, and profit per ton arc given in parentheses:—

Revenue. Tons. £ October 4030 18.305 (90/9) November ... 4150 17.135 (G2/7) ■December ... 3!5fl 15.773 '87.5) January 2930 15.016 CICZ 0) February .... 3600 16.153 (89/9) March 4300 18.172 (85,10) Expenses. Profit. October 7105 (35-3) 11.193 (55/6) . November ... 7212 134,9) 9.921 (47/10) December ... 5260 (33.4) 8,531 54/1 January .... 6/79 («3) ' 8.537 (;5,3 February ... 6734 (37/5) 9/19 (52/1) March 7567 (35,2) 10.905 (£O/8) Bullion reserve: October, £9500: Novcmher £60CO; Dccemher, £67C0: January, £77C0; February, £57M; March, JE9CCO. The complete details as given above (says the Auckland "Herald") are not obtainable for publication in New Zealand, and many shareholders in the Dominion arc of opinion that the policy followed by the head office in London should be altered in this respect. Colonial shareholders have every reason to demand this consideration, as they own about 265.0C0 out of the 350.0C0 shares on the register of the cornoany." TWENTY-SIXTH DIVIDEND. (By Telesraph.—Soo'cial Correspondent.! ' Auckland. May 25. The 26th dividend of the Talisman Consolidated, Limited, being Is. 6d. per share on the old. issue, and Is. l»d..pcr share on the new issue of shares, is payable to-day. This will absorb £25,031 55., and will bnnr; the total! dividends and .bomip.es paicT by the company (since reconstruction) to £534,234 7« 6d Of the amount beinc distributed to-daV, colonial shareholders will rcceivo £17 882 25., there being 1187 shareholders on the Dominion register, holdinz 113,537 old issue, and 33,188 new issue shares.