MINING NEWS.

Dominion, Volume 5, Issue 1533, 31 August 1912, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. A fair number of sales of mining shares were registered at the morning call yesterday, but no business was' done in tho afternoon. New Sylvias were slightly firmer, on more favourable reports. The transactions recorded were as under:— JTew Sylvia, Is. 3d,, le.. 3d., Is. 3d. (first call). Talisman, 41s. 3d.. 41s. 3d. (first call). Waihi Reefs, 93d.. lid. (first call). Waitangi, 12Jd„ 12Jd-, Is. ljd. (first call). The buying and selling quotations were as under:— ■ ' Buyers.' Sellers. £ s. d. £ s. d. Dominion 0 0 3 0 0 4 Kuranul Caledonian 0 14 0 16 New Sylvia 0 1 2 0 1 4 Occidental 0 12 — Rose Reconstructed ..; 0 5 5 0 5 8 Saxon 0 10 — Talisman 2 10 — Waihi — ' 1 15 3 Waihi Grand Junction ...113 119 Waitangi' ;...., 011 013 STOCK EXCHANGE. . (By Telegraph.—Press• Associai'on.) ' Auckland, August-30. Business done this morning included:— Kuranui Caledonian, Is. 6d. New Sylvia, Is. 3d. Occidental, Is. 2d. . Saxon, Is. Waitangi, Is. Id, . Ross, ss. 6d. Talisman, £2 Is. Waihi Reefs, lOd. Grand Jnction, £1 Is. 6d. N.Z. Insurance, £4 15s. ■ Standard Insurance,, £1 ,11s. 3d. . . , Wes'tp'ort-Stocldon Coal, 2s; lOd. . ■ Uliion Steam, £2 Bs. • The following business was done at the 3.35 p.m. call'to-day:— Ross Goldficlds, ss. 6d. Waitangi Consolidated, Is. 2d. Bremner.'s Freehold, lid., ljd. ' ; Christchurch, August SO. Sales roportcd :—Westport-Stockton Coal, 2s. lid.; South' British Insurance, 795. 6d. Duncdln, August 30. Tho following sales wcro made on tho Stock Exchango to-day:— Union Steam, £2 7s. 6d., £2 7e. 9d. Sale reported:—Rising Sun, £1 9e. REEFTON MINING. Rcefton, August 30. The weather to-day is wet, raining in torrents. The Blackwator South Syndicate is exceedingly active as regards their claims. The contractors engaged in driving struck a reef which is considered to bo tho south end of the famous Birthday reef. Assays taken averago lOdwt. Great hopes are entertained of-the new discovery. Tho mine (a private venture) started crushing, but stopped on account of water. Tho returns aro said to be favourable, and the rain will cnablo crushing to be restarted. DREDGING. Dunedin, August 30. Dredging returns: Good' Chance, 590z. 2dwt.; Waikaia, 340z. 17dwt.; Masterton, 290z. lOdwt.; Karaunui, 250z. ldwt.; Koputai, lOoz." Bdwt.