MINING NEWS.

Dominion, Volume 5, Issue 1372, 24 February 1912, Page 10

MINING NEWS.

WELLINGTON SHABE MARKET. Business ■ was auiet yesterday, although there was about tho average number of sales, as under:— ; Now Sylvia, Is.'- sd. (first call). Waihi Grand Junction, 28s. 9d. (first call); 28s. 9d. (second call). Waiotahi. 3s. 7d. (second call). The buying and selling quotations wero as under-.— : Buyers. Kellers £ s. d. £ s. d. N.Z, Crown .' ;.. 0 3 5 - New Sylvia. — 0 16 Tairua Mines ■ — ' 0 0 6 Talisman 2 13 0 2 13 9 Waihi -2 3 9 2 4 9 Waihi Grand Junction ... 1 8 3 18 9 Waiotahi 0 3 6 0 3 8 Waitangt 0 111 0 2 1 Worksop Dredgo 2 12 6 — Taranaki Petroleum 017 9 018 0 Kotuku Oilfields — ~140 BTOOK EXCHANGE. IBj Telegraph—Proii Association.) Auckland, February 23. Business done on 'Change this morning:— - New Sylvia, Is. 4d. Occidental, 9id. Old Ha-uraki, Is. 6d. Crown, 3s. 7d. Talisman, £2 13s. 6d. Grand Junction, £1 Us. 9d. Northern Steam, 14s. 6d. New Zealand Paper, £1 os. 9d. Business done at the 3.15 p.m. call :— Kuranui Caledonian, Is. 3d. Occidental Consolidated, 9d. Waiotahi Consolidated, 3s. 7d. Waitangi Consolidated, 2s. Watchman, Is. Ud. Crown, 3s. 7d. Talisman Consolidated, £2 13a. fid. Waihi, £2 4s. 3d. ■ Grand Junction,- £1 te 9d. N.Z.. Insurance, £4 14s. 9d. Chrlstchurch, February 23. The following sales were reporttS on tho Stock Exchange of Canterbury to-day:— Christchurch Gas, £9 sff. Canterbury Frozen Meat, £8. Kaiapoi Woollen, £5 10s. Wostport Coal. £1 7s. 3d. N.Z. Farmers Co-operative, £2 10s. Ounedln, February 23. Stock Exchange sales:— Waihi Grand Junction, £1 Bs. 4d. (three parcels). Sales reported-.—Now Zealand Drag, £2 lis.; Waiotahi, 3s. 7d.

DREDGING. (By" Tiltmoh.- Presi Aisoclk.Uoi.l Dunodln, February 23. Dredging returns:—Koputai, 38oz. lldwt,; Karanui, 350z. Miwt.; Electric No. 1, 260z. 6dwt.; Ifasterton, 19oz. 2dwt. ' WATCHMAN GOLD MINING CO. -The mine managor reports:—During the past week work has been in progress aa usual in various parts of the mine. No. I rise has been advanced an additional II feet, making a total of 50 feet to date. For the last few fcot tho reef has become smaller, measuring about 3 feet. At tho bottom of the last round of hole 6 fired there is sign of uu improvement in size in the south ond. The reef at present measures 4 feet, with gold showing through tho stone. Parallel Reef.—Nothing has been done in this faco for the past week, this being owing to a start to rise on the Parallel Reef on February 14. Six feet having been risen in all, the quartz measuring about 5 feet wide. The samtetono is alt that could be desired for makia" values. South Kast Crosscut.—This faco has been I advanced an additional 10 feet, making a total of 466 feet to date. At present there arc signs of the footwall country. A few more shifts should piovo the same. A start will then be made' to drivo on tho line of Ihe reef where the gold was secu a-few feet.back from thn present face. North West Crosscut.—This face has been advanced 9 feci, making a total of 43 foot to date. The quartz, referred to in my last report, proved to be tho true hanging wall of this reef, measuring about 2 feet 6 inches wide, with zinc blend and 'sulphides distributed through the stone, and, occasionally, a few colours of fold nro t<vn. A start will bo made to dmo on the iihoi .next woek.