MINING NEWS.

Dominion, Volume 5, Issue 1405, 3 April 1912, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. Talismans were very much weaker yestml.iv, and dropped to 455. 9d. tt ailn Grand Junctions wer:: also easier, the sales recorded were as under:Talisman, «s., 465. (lira; call). 455. 9d.. 455. 9d., 455. 9d. (second call). Waihi Grand Junction, <xs. 9i1., a?. Hi. tnr.-t call). £8*.,'285. (second colli. The buying aud selling quotations were as under:— Buyer*. Sellers. £ a. <t. £ s. d. Kuranui Caledonian 0 12 0 15 fSd^aV 1 ■:::::::::::::::::■:: 012 01 < n T an :::::::::::= us 1 *u\\ Waihi Grand Junction ... 11 \ \\\ Waiotahi 0 . 0 o 9 Waitangi \\ \ \\\ Worksop Dredge 32 0 \\ \ Taranalii Petroleum — i i o The Wellington Stock Exchanse has received the following telegram from the New Bic Elver Company:-March returns: Eatery 5470z. 9dwt. melted gold from 635 tons', crushed cyanide 7Coz. 17dwt. bullion, total value about £2375. WESTPQRT-STOCKTON COAL. (By TeleeraDh-Pres« Aisoci&tlon.: Westport, April 2. The Westport-Stockton Coal Company has nearlv. completed the chain of bores required To link up the lower seam with the outcrop, and thus definitely prove the urea which is coal-beariup. The second last bore, which is in a. most important position, shows the seam to be Bft. thick and of standard quality. One of the bores which has been just completed shows a seam of coal 18ft. thick. Both seams are of splendid quality. Mr. Ashlcv Hunter, of Auckland, is now engaged preparing a tram for tha newroad :o connect with the present transit system. ' The ncwly-provid eastern area has very great, possibilities.

THE CROESUS MINE. . (By Tclcsrapli.—Press Association.) Croymoutli, April 2. A Rood find of highly payable quartz is reported from 'the winze workings .on No. 3 level of the Croesus Mine, Paparoa. Samples have been brought to Grcymoutli, nnd great interest is being taken, and satisfaction expressed at the success of ;he coinpany-s operations. It is the intention of the directors.to make a special issue of shares, and proceed with the irciermediatc tiinnsl between the Xos. J and 4 levels, the prc-rnt prospects warranting this necessary work being now no longer delayed. LONDON MINING QUOTATIONS, B» VclecriDli-l'r««s Assocint.lnn-Oopirith* London, April 1. The latest Quotations arc:—Waihi Goldmining, 365. 3d. (buyers) and 38s. 9d. (sellers); Grand Junctions, 28s. and 295.; Talismans, 455. and 50s: STOCKEXCHANGE. (By Telegraph—Press Aeeociation.) Auckland, April 2. Business done at this morning's call included:— Occidental, 16. sd. to 1«. 3(1. Kuranui Caledonian, Is. 3d. Svlvia, 9d. ' Grand Junction, £1 Bs. 6d„ £1 Bs. Union Steam. £2 Bs. Milne and Choyce (pref.), £1 3d. Business done at the 3.15 p.m. call:— Kuranui Caledonian, Is. 3d. Mo.mataiari, 2£d. Saxon, BSd. Waiotahi, 3s. 6d. Old Hauraki, Is. lOd. New Zealand Crown, 2s. lid., 2s. lOd. Talisman Cousolida-.cd, £2 ss. 6d„ £2 ss. 3d.. £2 ss. Waihi Grand Junction, £1 Bs. Occidental Consolidated, Is. 3d. Golden Cross, ss. New Sylvia, 91d. Dunedln, April 2. Stock Exchange, sales:— Waihi Grand Junction, £1 Bs. 6d. "Otago Daily Times," £2 12s. (two parcels). Union Steam, £2 Bs. 6d. (two parcels). Sales reported :— Union Steam, £2 7s. 6d„ £2 Bs. D.I.C. (pref.), £1 3s. 6d. Talisman Consolidated, £2 ss. 9d. Westport-Stockton, Is. 9d.