MINING NEWS.

Dominion, Volume 4, Issue 1202, 10 August 1911, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. Tho market for mining shares was not rjuite so dull as usual yesterday, judging; by tho number of Ealos recorded. Now Sylvias recovered sharply from tho unaccountable flump of tho previous day, but Tairua Mines appear to be still tho butt of tho destructive johbers. Talismans were firm, and Waihis were steady. The transactions were as umlrr:— New Sylvia. 3s. Sd. (third call). Saxon, 2s. 6d. (second call). Talisman. 525. (second call), 525„ 52a. (third call). Yfaihi, Ms., /(third call). Tho buying and selling auotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Con. Goldfieldn 0 19 3 10 3 Kuranui Caledonian .... — D 1 6 May Ouoen 0 2 3 / -rJlo.ana.taii,ri II 0 6 — New Sylvia 0 3 5 D 3 6 Sawn 02 5" 0 2 5 Tninia Mines 0 18 0 19 Talisman 2 11 9 2 12 3 Victoria — Oil VTaihi 3 0 9 3 13 Waihi Grand Junction ... 1 7 3 17 8 Waitan";i 0 3 0 0 3 3 Waihi-Paoroa 0 12 5 — The Wellington Stock Exchange received the following telegram yesfrdcy from the Talisman Consolidated:—Jnlv return: finished 4500 tens; yielded £18.741 3s. M. Costs: Mine, developmentGs. 2d.: mining 125.: mUlinglKid.; gOTereUs.)ld. TTavesent following cablctrram to London:—No. 13 level: Driving north off 12 winze—Progress 27ft.; reef. Gin. wid»: \alv\ £4 Its. Driving south off 12 winsc—Pri?r?s« 27ft.; reef, Win. wid«: value. £7 IBs. No. 16 rir-<— Prc7re:s Wt.: reef wider than rise; value, £4 19s. New Ingorsoll compressor started.

STOCK EXCHANGE. (By Telograph—Press Association.! Auckland, August 9. Business dons on 'Change this morning: May Queen, 2s. id. . Moanntairi, 6(1. New Sylvia. Jo. Ed., 3s. 6d.' Faxon, 2s. M. ' Watolimm. Is. 7d.. Is 6d. Heurnki Roßf.i (paid), Is. 5d., Is. 6d., (ecu.) Is. Ed. to Is. 2d. Tairua. fi.Mdcn Hills. 1?. Tainia. Mines, Is. Cd Auckland Gas, £3 12s. Union Steam, £2 Is. 9:1. The following business was done at the 3.15 p.m. call t-o-dsy:— 3,ew Sylvia, 3s. Cd. Hanraki fleefs (p.n.l. Is. sd. Haurcki Kccfs (c?n.l, Is. 4d. Bcndigo, S'J. Tairua, Mines, Is. Ed. YTaitangi Consolidated, 35. Golden Cross, Is. Wai'ni Grand Junction, £1 7f. 6d. Taupiri Coal, £1 2s. TTnion Steam Ship, £2 Is. 9d. New Zealand Drug, £2 lCs. 9d. • Dunedin, August 9. On the Stock Exchange to-day a pale of National shares at £6 Cs. 6d. was reported.

MTJEKAY CEEEK GOLD-MINING CO. 'The statutory meeting of shareholders of the Murray Creek Gald-inining Company was held at noon yesterday at the office of Messrs. Irwin and George. Mr. Walter 1. Nathan v.-is in fl<o chair, and ahout a dozen shareholders were present. The provisional directors, in their report, stated that: "The total nnmher of sh-Tres allotted is 11,800 of £1 each, of which 20CO are allotted as fully paid up otherwise than in cish to the vendors—"The Wellington Mines, liimited"—in consideration of an agreement to'arsign the whole of the assets of the said company to this company. The balance of 2KI scares in open Tor subscription, by shareholders." It is understood that the unissued shares were taken un before the meeting, and consequently, the capital of £12,000 is fully subscribed.

The chairma.n stated that a competent mine manager had been secured, and development work would be begun forthwith.

It wn? decided to appoint four directors, and tile following secured elation •■- jri!.-,Jrs. A. ¥■■ Wlivtc. If. W. Williims, M:Lea.n, and T)r. C. Preudorga?; Knight. Mr. IT. Gould was appointed auditor. It was decided to have the oorop.inv listed on tlie Wellington Stock Exchange list forthwith.