MINING NEWS.

Dominion, Volume 5, Issue 1349, 29 January 1912, Page 8

MINING NEWS.

WELLINGTON SHAKE MARKET. There were no transactions recorded on Saturday. Brokers and speculators appear to he suffering from "funk." which is unreasonable and unwarranted. i'xtvonii'K lira characteristic of the minin'g ni;'.i'.icl. When business is good it is made to appear exceptionally good with exaggerated stui.<mcut>, and exflggci-ation 'is iiov; the R'iiture of the dullness. There is no renuon why a feeling of panic, should prevail, lint there is no way or making Ihose interested in miniiiß !o rci-oisnji this. The dullness will have one -ond clfcct iu reducing the number of broVs in New '/.ealuml. and if those who hiive hem in Oii> habit of sncculiitiiiß in preference to doing ii brokerage business hit siiueezed nut, no one will regret i!»- Vu,.( The market will .roc-over, as it has recovered in previous years, but the rceove-v will he delayed mainly because of ttic prjjimism oi aomc of tic brokarn.

Tho buying and selling quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. BlacUwater J,line3 — I 5 [ Bonanza — 0 0 5 Dominion — 0 0 3 Nov; Sylvia G 1 6 0 11 Occidental 0 10 0 12 Ross Reconstructed 0 3 6 0 4 C Tc.'isman — 0 2 11 V.'aibi — 2 .1 ( V.aihi Grand 17 6 1 8 ( Waiotahi — n 4 f iVaitanpi 0 2 7 0 2 ! Worksop Dredge 2 9 9 Kotuku Oil (Hs.) — 1 4 C Tile course of sales during the post week was as under:— Occidental, Is. 6d. Talisman, 51s. 4»d„ 51s. 6d„ 50s. 6d. Waihi, 525. 6(1.. 515.. 495„ 455. 9d. Waihi Grand Junction, 28s. 9d., 28s. 6d. V.'aiotahi, 4s. <id. Waitangi, 2s. 9d. STOCK EXCHANGE. 113j Telecraoh.—Press Association,! Auckland, January 27. Business done at this morning's call included :— Occidental, Is. hi. and la. Waihi Consolidated, Is. Waihi Grand Junction, 265. 6d., 275. Waihi, 455. 6d., 435. 9d. Christclitirch, January 27. Sales wore reported, on the Stock Exchange of Canterbury to-day of Union Steam Ship Co. shares, at £1 195., and Waihis at £2 6s. 6d. and £2 ss. Dunedin, January 27. The following sales were reported on the Dunedin Stock Exchange to-day:— Waihi Grand Junction, £1 7s. 3d., £1 7s. 4Jd. Waihi, £2 ss. 3d. (two parcels). DREDGING RETURNS. IBj Toleeraßli.—Press Assoelatloa.l Dunedin, January 27. Waikaka United No. 1. 240z. sdwt.; Waikaka United No. 2, 13oz. 6dwt.; Karaunui, 390z. 2dwt.; Rising Sun, 38oz. 4dwt.; Blackwater, 58oz. 3dwt.; Rise and Shine Mo. 1, 2!0z.; Now Trafalgar, 18oz. 12dwt.; Worksop. 83oz. 3dwt.: Jlanuhorikia, 200z.; Rising •Sun, 38oz. 4dwt.; llolyneux Hydraulic, 15 oz.; 1911 Dredge, 20oz. Dunedin, January 28. The following additional dredging return is to haud:-Golden, Bed, 240z. l"dwt, TALISMAN" CONSOLIDATED, LTD, RErOP.T TO THE LONDON BOARD. The following is a copy of a report scut to the London board by the local directors of the Talisman Consolidated, Ltd., Jlr. T. Shailer Weston, Dr. I'rcndergast Knight, and Jlr. R. B. Jackson:— "We visited the mine on January 23. and spent tlio whole day with Mr. Stansiield, going through the mine and works. The following, which has taken place since our last report, may be of interest:— "No. 14 Level.—North drive, off No. 6 winze, 200 ft. has boon driven on the lode, with on average width of 42in., values £6 to £8. Immediately over this, in No. 13 level, no values occur, it being more or less oxidised country. This shows the country is improving here, and values extend further north than on the higher levels, and this also points to the fact that there will probably lie no blank at all between tho Talisman and Bonanza sections. Tho r;ef is still strong iu the face, and carries the high grade ore. South, no work has been done for some time. The total length of the ore shutc iu No. 14 level is, roughly, 1000 ft., with only the local pinches, which would not be more than 50ft. in all. "No. 12 winze is 7uft. below No. 14 level, and the high grade ore is still strong In tho bottom. The width of lode will average over 4ft., and tlvi average value of the ore £16 to £18 Dec ton. This is the richest body of ore we have ever seen in the mine, and augurs well for ths 15th level. It is also the lowest, depth of t tie mine yet worked. The bottom of the winze is now wot, and lir. Stanslield doen not, for the present, propose to go more than 10ft. to 15ft. further down, as at that depth the water in the Talisman should be relieved to such an extent as wiil enable sinking to be resumed then. "No. 13 Level.—Driving north is still being continued on the reef. Tho same gives low values, and the material it being used for stope filling. The country on both sides is still favourable, and while this continues there is every probability of payable ore coming in again. "In this level, No. 3 crosscut is extended eastward, with a view of intersecting the last vein. It is about 60ft. or 70ft. further north than wb.en it has been worker before, the expected distance to go being about another <iift. "No. 1 winze in Talisman section was sunk 4ft. on payable ore. This has been stopped at present on account of water. It is hoped tho north drive on No. 6 winze will relieve this, and that Eoon sinking will be resumed. "Woodstock Shaft.—The first set of pump workings (ire now all installed and ronn?clcd. and by February 1 sinking will lie started. This will be carried at once down to a little below the random level. With favourable conditions, this should be down to the required depth and chamber cut within twelve months. "In the Dublio section the new ma.ke of ore in the stone is of a width of reef of 9ft.. and the quality is of high grade. "New Outside Work. —A large carpenter's slum and fit ting-shop are being erected oil Iho Woodstock battery site. "Tin ore reserves arc hning well maintained. Til?, present, nutnut, tonnage, and values ran he nnintoined. "Tl lfi board will be nleased to learn that Mr. Stansfield savs that the capital expenditure is drnHng to a close; the onlv nost.lv things will be two new Rnbcock boilers, the site for which is already excavated. On the whole, the prospects and devlonments have never been in such a satisfactory condition n.s they are ot present. and everything looks well for the future."

PROVINCIAL CENTRES. (From Our Special CorresDondcDti.l () OTAKI. Mumps, in a. mild form, has made its appearance here, and besides children several ndults :ive Miil'eriiiK from tho complaint. Tin; :State schools, and also the local Convent, reopL'n to-day. A first ulfemler was on Silturduv morning fined 10s. on n charge of drunkenness, but Hie application for a prohibition order was left over for n fortnight, the defendant promising to conduct himself in n sober manner for the future. Messrs. Bennett and Caitek were the J.lYs. Messrs. Hills and Allen have been elect. <-d ns delegates to attend the Druids' Conference to be held at Marton on February The Mangapouri Creek, which has proved a hot bed for fever, has been cleansed under instructions from the local body. Tho muggy, damp weather has played havoc with potato crops in the district, and blight is now prevalent in many gardens. Miss M'Million, erstwhile of Otaki, and now of Victoria, leaves shortly for Londou to follow elocutionary studies, after which she will return to one of the large centres of New Zealand. The Royal Huddersficld Bollringers performed here on Thursday night to a large audience. It has been decided to proceed immediately with the erection of a cheeso factory bore, the neces-ary number of cows hcirine been suaranteed. GREYTOWN. Tlie Druids hero held a pleasant social on l'nday night. A euchre tournament and songs and were indulged in. The weather is now keeping fine, and the farmers are busy stacking their oats. FEILDING. A challenge team from the Palmerston Bowling Club came to Feildiuij on Saturday after the coveted Yates "Feathers. The holders, Chappcll, Pirani, Garrett, feaywell (skip), held the Feathers by 20 to 11, scored by 31. Xash, Dixon, Young, and J. A. Nash (skip). At the Apiti Horticultural and Industrial Society's annual meeting Mr. J). H. Guthrie, M.1 , ., was re-elected patron, Mr. George Cowan president, and Messrs. G. Duncan, A. Lawson, A. Gibson. H. Osborno Viles. G. Malcolm, C. Chellburg, ,T. P. Clark, F. S. Guy, Mowatt, and P. M'Coimell vice-presidents. Mr. H. Bloomfield was re-elected secretary, with Messrs.' F. Elliott and S. Bennett as assistant secretaries, and Mr. F. S. Kumbold as treasurer. A strong executive committee and a representative freneral committee were also formed. Tho date of (lie next show was fixed for Wednesday. April 17. The Rev. C. E. Beecroft, who has just returned from his visit to the Old AVnrld, occupied his old pulpit at Wesley Church yesterday. No word has yet been received as to the result of the commission which was held to apportion Iho cost of the pronosed bridge over the Oroua River at Men7,ie's Ford. A fortnight ago the Oroua County Council was informed that Mr. W. J. Short, the commUMoncr, had snnt tha report to the Governor for his signature, and when that had been affixed a copy would be forwarded to Feilding. Tt seems to be taking his Excellency a long time In sign the report (says the "Star"). Tile council and tTie settlers are most anxious to get the report, so that the worlc may be gone on with. The Senior Cadets in the PeiWinij country centres are taking great interest in their drill. At ono dairying centre the instructor (Sergeant-Major Morrison) noticodt two brothers who looked very tired, and he did not press them to extend themselves. Ho afterwards n*cerf.iiped thai: the boys hud started milking at 3 o'clock that morning.