MINING NEWS.

Dominion, Volume 5, Issue 1413, 13 April 1912, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. Tho dullness of the mining market is prcmoimccd. Talismans were very weak yesterday, find a sale was made on 'Change at, the moraine: call at «s. This was tho only transaction recorded yes? orday. The buying and soiling quotations were os under:— Huyors. Poller?. £ p. d. £ p. d. Occidental — 0 13 Old ttauvaki - 0 2 0 TalUman 2 3 0 — Wa.ihi 1 18 0 1 13 6 Waihi Grand Junction ... 1 4 3 15 0 Wniotahi — 0 3 8 Wo.jtQJigl 0 10 0 1-3 Workwp Proiigo .... 5 0 0 — JAXASAJLI fotMicum 1 1

WATCHMAN G.M. COMPANY. The mine manager reports for week end' ed April 4:—The intermediate level at tha top oi the No. 1 rise has been advanced a. total distance of 8 feet ill a. northerly direction. The roof is about 5 feet wide, and shows zinc blend and sulphides at intervals. No. 2 rise: This rise has been advanced 6 feet, making a total of 102 feet from the floor of the level. The rfet' at

this puint is pinched to about Gill, owing to the linn class of country increasing tho fame. No. 1 winze has been advanced 5 feet.. I am carrying this portion per- | pcndicular for a few feet for the purpose of getting well into the Dunedin reef before going away on the underlie. Tho quartz at this point appears to be making similar to that m the level. Parallel reef, south face: This face has been advanced 10 feet, making a total of 174 feet to date. There being no change to report to that of my last report. 570 crosscut: Six feet have been driven in this direction, there being about 5 feet of quartz, which lias a promising appearance, and occasionally shows a little gold in the stone. No. i rise: No work has been done ill this rise for the week, owing to the shortage of hands, but it will be manned by two shifts next week. Sunbeam rise at the 920 mark: Two shifts have been engaged breaking ore nt this point, and leaving some lying underfoot. This oro is now being trucked into tho paddock to enable mo to place timbers in position. N.Z. .CROWN MINES. (By Telegraph.—Press Association.) Auckland, April 12. Daring the month of March tho New Zealand Grown Mines, Ltd., crushed and treated 1822 tons of ore for a return of bullion valued at £4250. LONDON HIKING QUOTATIONS. By Telesraph—Presi Association—OoDTrieU London, April 11. The latest quotations are:—waihi- Goldmining, 375. 6d. (buyers), and 40e. 'sellers); Grand Junctions, 265. 6d. and 275. 6d.; Talismans, 40s. and 455. . DREDGING. (Br TolcEraob.—Pics« Iftsoctatlea.! Dunodin, April 12. Dredging returns:—Electric No. 11, 71or. ldwt.; Karaunui, <ooz. lOdwt.; Electric No. I, 30o7„ 14dwt.; JJap'.erton, 230z. 12d\\t.; Koputal, 220z. 13dwt.; Waikaia, lOoz. 12 dwt.; Hartley and Riley, lOoz. STOCK. EXCHANGE. (By Telegraph.—Press Association.) Auckland, April 12. Business done at this morning's call included:— lloanataiari, 3Jd. Saxon, 7*d., 7d. Waiotahi, 3s. 4d, W: itangi, Is. Id. Old Jlauraki, Is. 9tl. Crown, 2s. Bd., 2s. 6d. Golden Cross, 4d. t 3Jd. Talisman, £2 4s! 3d,, £2 3s. 3d. Waihi, £1 18s. Grand Junction, £1 ss. 6d„ £1 4s. 9d. Tbe following business was done at tho 3.15 p.m. call to-day:— Moanataiari, 3*(l. Talisman Consolidated, £2 3s. Waihi Grand Junction," £1 4s. 6d., £1 4s. 9d., £1 ss. National Bank, £5 19s. 6d„ £6, £5 19s. 6d. Auckland Tramways (pref.),. £1 3s. lid. Dunedin, April 12. A sale of Union Steam Ship shares was made. on the Stock Exchange to-day at £2 Bs. The following sales were reported:— Waihi Grand Junction, £1 75.: N.Z. Paper Hills, £1 25.: Union &:cam, £2 ,7s. 9d,