MINING NEWS.

Dominion, Volume 5, Issue 1378, 2 March 1912, Page 8

MINING NEWS.

WELLINGTON SHAKE MAIIKET. Waihis havo dropped to 415., their recent firmness being due, it is supposed, to thoso who had oversold covering their commituicnts. Orercclliug is etill going on when opportunity occurs, but it is only a matter of a little whilo when this hind of business . will cense. It has been carried to excess with disastrous results, and now llicro is practically no business to be done. The transactions recorded yesterday were Waihi at 41s. 3d., and Waitangi at Is. 7Jd. and Is. 8!d. at tho second call. At the morning call a sale of Taranaki P:trolcum at 13s. was recorded. The buying and selling quotations were as under:— Buyerß. Sellers. £ s. d. £ s. d. Bonanza — 0 0 2 N.Z. Crown - 0 3 7 New Big Hlvcr 3 17 0 - New Sylvia — 0 15 Talisman 2 11 3 — Waihi 2 10 2 16 Waihi Ornnd Junction ... 1 8 0 16 3 Waiotahi 0 3 6 0 3 B Waitangi 0 17 0 19 Taranaki Petroleum — 0 19 0 Kotuku Oil (10s. said) ... - 017 6 BTOOK EXCHANGE. IBr Telesrash—Press Association.! Auckland, March 1. Business done at this morning's call included:— Occidental, 10d. to Ib. Crown, 3s. 6d. Talisman, £2 11b. 3d. Waihi (ex div.), £2 le. 34. Waihi Beefs, Is. Grand Junction, £1 ts. Waihi-Paoroa Company, £! s*. Bank of New Zealand, £11. South British Insurance, £3 Us. W. Northern Coal (paid), 10s. 6d. Now Zealand Portland Cement, £1 10s. 9d. Tho following business was done at the 3.15 p.m. call:— Waihi Grand Junction. £1 Bb. Waihi, £2 Is. Auckland Gas, £3 7s. 9d., £3 7a. Bd., £3 7s. 6d. Taltapuna Trams, 14s. lOd. ' Clirlstclturch, March 1. Soles reported on the Stock Exchange of Canterbury to-day were:— Westport Coal, £1 7s. 3d. Waihi Grand Junction, £1 7s. 9d. Dunedln, March 1. On the Stock Exchanpe to-day a sale of Otago Harbour Board 5 Per Cent. Debentures (due'l934) was reported at £107.

DREDGING. Dunedln, March 1. Dredging returns: Mastcrton, 240z. lOdwt.; Koputal, 240z. Bdwt. MOUNT LYELL RETURNS. By Telegraph—Press Association -Cnpyrljal Melbourne, March 1. Mount Lycll mine returns from January 25 to Fsbruary 21 show that 17,405 tons of ore was treated, producing 429 tons of blister copper, containing 423 tons of copper, 31,0540z. of silver, and 5020z. of gold.