MINING NEWS.

Dominion, Volume 5, Issue 1506, 31 July 1912, Page 8

MINING NEWS.

WELLINGTON SHAKE MARKET. A fair number of sales of mining shares were inado yesterday, the transactions recorded being as under:— New Big lliver, £4 10s. (first call). Talisman, 395. 6d. (second call). 'Waihi Grand Junction, 21s. 9d., 21s. 9d. (first call). Waitangi, Is. 6d. (first call); Is. Bd. (second call). ~ The Iniying and selling quotations were aa under:— Buyers. Sellers. £ s. d. £ s. d. Con. Goldfields 0 13 0 • New Big River 4 10 0 — New Sylvia :. 0 0 6 0 0 8 Ross Deconstructed 0 5 5 — Talisman 1 19 3 2 0 0 Waihi Grand Junction ... 1 1 3 119 Waitangi 0 18 0 19 ROSS RECONSTRUCTED. Tho directors of Ross Reconstructed have issued a circular lu shareholders pointing out that after making every preparation for unwatcring the mine, they have been advised by cable that the contractors for the ' Diesel oil engine, which was needed as a stand-by plant, cannot give delivery in New Zealand before tho end of November owing to the recent coal strike in England. The directors have consulted with tho mine manager and electrical engineer, and these two experts state that it, would be quite safe to begin operations with the existing plant, and the directors endorse this opinion as being in tho beat interests of the comnany. Shareholders aro asked whether they will consent to thi; course being pursued, or whether they will prefer to see operations delayed until the oil engine is installed. STOCK EXCHANGE. (By Telegraph.—Press Association.) Auckland, July 30. Businoss done at first call:— New Sylvia, 6Jd. to Bd. Waitangi, is. 7d. to Is. 9d. Watchman. Is. Ross, ss. sd. Waihi, £1 13s. 6d„ £1 13s. Grand Junction, £1 Is. 6d. Waitaia, Is. Id. Jtikuransi Coal, ISs. fid. Auckland Trams, £1' 4s. , New Zealand Paper. ( £1 16. 6d. The following business was done at the 3.15 p.m. call to-day:— Now Sylvia., 7d. Waitangi Consolidated, Is. lOd. Ross Goldfields, ss. sd. Waihi Paeroa (paid up), £1 17s. Moanataiari, ljd. Waihi, £1 13s. 6d. Waiotahi, Is. 9d. Waihi Grand Junction. £1 Is. 6d. N.Z. Insurance. £4 16s. 3d. Christchurch, July 30. Sales reported Waitangi, lljd. Union Steam, £1 14s. 6d. Dunedln, July 30. The following sales were reported on tho Stock Exchange to-day:— Waitangi, Is. 2d. jrilburn Lime, £1 19s. Union Steam, £2 4s. 9d. MINING. Rooftofl, July 30. Pactalus (dredging): 19oz. ldwt. for 127 hours. New Bit: Hirer: Battery—973oz. lOdwt. melted gold from 650 tons; oyanided 950z. lCdwt. bullion; total value, approximately, £4150. LONDON MINING QUOTATIONS. By TclecraDh—l'ress Association—Copyrieht London, July 29. The latest quotations are:—Waihi Gold Mining. 30s. (buyers) and 31s. 3d. (sellers): Grand ,1 unctions. 21s. 9d. and 225. 9d.; Tailsman, 355. and 40s.