BRUNNER COLLIERIES.

Dominion, Volume 5, Issue 1365, 16 February 1912, Page 8

BRUNNER COLLIERIES.

A NEW PROPRIETARY. (Br Telegraph—l'ress Association.) Christcliurch, February 15. Mr.' , A. 1 , . Harper, of Christcliurch. has just received rabh advice from London that a company is being registered there under the title of the Brunner Collieries, Ltd., for the purpose of taking over and working Hl3 two coal-mines at present existing on the Brunuer field-the Tyneside Proprietary and the North Brunner Coal Company. The formation of the Brunner collieries is the result of negotiations begun by Mr. Harper about twelve months ago. He then recognised that the consolidation of the two mines on the Bruuner field was desirable, the North Brunner Company being in the position of requiring more capital, and r?construction being inevitable. Having obtained an option over the Tynesidc Proprietary's mine. Mr. Harper went to England to lay his proposition before the board of directors uf the North Hrunner Company. Th« board agreed to his proposals, with certain modifications, which Mr. Harper was able to make upon bis return to the Dominion a week or two ago. The formation of the Brunnci- Collieries, Ltd., will menu that two mines will now be worked under one control. The North Brunner Company's mine was shut down in September last, but it is anticipated that op.'iruliona will be resumed at Ibo mine shortly. MINING NEWS. WELLINGTON SHARE MARKET. » Two sales were recorded at the afternoon call yesterday. Waihi Grand Junctions sold at 2.65. 9d., and Waitangi at 2s. 3d. The buying and selling quotations were as under:— i Buyers. Sellers £ a. d. £ s. (1 Hauraki Reefs — 0 010 May Queen 0 15 - New Sylvia 0 14 0 16 Talisman 2 12 3 2 12 9 Waibi 2 2 6 2 3 6 Waihi Grand Junction... 16 6 17 0 Waiotahi ■ 0 3 7 - Waitangil — 0 2 4 Watchman 0 1 10 0 2 2 STOCK EXCHANGE. Auckland, February 15 Business done on 'Change this morning:— New Sylvia, Is. sd. Occidental, 10d. Waiotahi, 3s. 7d. AVaitangi, 2s. 3d. Waihi, £2 2s. 9d. Grand Junction, .£1 7s.

The following business was done at the 3.15 p.m. call to-day:— Watchman, 2a. Haurnki Roots, Is. Id. Standard Insurance, £1 11?. Christchurch, February 15. Sales reported on the Stock Exchange;— Kaiapoi Woollen. £5 10s.; Manning and Co.. £4 10s.; New Sylvia, Is. 5Jd.; Talisman (cum div.), £2 12s. 9d. Dur.cdln, February 15. The following; sales wore reported on the Stnck Fxchang? to-day.-New Zealand Drug Co., £2 10s. 6d. AVaihl, £2 3s. 3d.