MINING NEWS.

Dominion, Volume 6, Issue 1712, 1 April 1913, Page 8

MINING NEWS.

WELLINGTON SHAKE MARKET. There were 110 traneactions in mining shar<e yesterday. The quotations were as unde:: Buyers. Sellers, ft. d. £ s. d. Kuranui Caledonian 0 0 8 0 0 11 Jlouttain King 0 0 1J 0 0 2J Murray Creek (new) 0,80" . ..— New Big River —' '550 New Sylvia : 0 0. 9 — Ross Reconstructed 0 5 0 0 5 4 Talisman 115 9 , — Waihi 1 11 0 1 11 3 TVaihi Orand Junction ...10 9 1 1 .3 Waihi'Paeroa, 18 6 1 10 9 Walotabi 0 1 10 0 2 0 Waitangi — 0 0 6 •Premium. The: course of sales during the past month was as under:— Ross Reconstructed, ss. 8d„ ss. Bd., ss. 7d. Swastika, Bs., Bs. 6d„ 9s. 6d., premium. Talisman, 375., 355. 6d., 355. 6d., 355. 6d., 355. 9d., 375., 365. 9d. • Waihi, 325. 3d., 31s. 9d„ 31b. 9d. Waihi Grand Junction, 215., 21s. Waiotahi; Is. lid. • Watchman, • ■&$. ,13d. NEW SYLVIA GOLDMININQ CO. Tlie directors', report, for tho half-year ended December 31 last states:—"lt must ho borne in mind that during that period the mine lias been vigorously developed from the proceeds of the bullion won, and thomrh the balance-sheet show? a profit of £384 lCs. 9d„ there are 22 tons of concentrates at the mine' valued at £612 10s., which are to be shipped away as soon a.s there is a sufficient Quantity on hand. Taking into consideration the enormous amount 0£ development work that lias taken place, and the expense' in connection therewith, your directors have, to congratulate the shareholders on the present financial position of the company. The low level drive is now in 1985 ft. from the ;iiouth, and at 1855 ft. it was decided to nut in a and thotiph a considerable distance from whore it is limed to pick up the Sylvia reef, a reef 10ft. wide was cut, running away at van ancle too sharp to follow. This reef is in warden country, a.nd .in a new line to that of the main Sylvia, reef system, and later on, after connection with the main Sylvia reef is complete, further work will bo done on it. The average value for 20ft. of driving is £1 6s. H.

"Tlie most Important and promising development in the mine is on No. 2 reef. whiHi, lm to Hie present,, 11 been proved to live from No. 4 level to over the old No. 2 level in maiden country, with every appearance of (?oine to the surfo'e. nnd in which picked stone !s occasionally p;ot. Durinc the year 10.459 tons of or.- were rent t<o the b'.t'er.,, yielding ftullion to tho value of £15,715 2s. 4d." . STOCK EXCHANGE. (By Telegraph.—Prcw Association.) . Auckland, "\tarch 31. Sales on 'Change this morninsr:— Ti,li°man. 365. 3(1. Waihi, 31s. 6d. Grand Junction, 21s. , New Zealand Insurance, £5. I Northern Ooal. 10s. The following business was done at the 3.15 p.m. call:— Northern Coal, 10s. Tn.imlrl Coil. £1 3s. 6d. Auckland Trams (ord.), £1 4s. 6d. Dunndln, March 31. Tlie followine are the latest oiiotations, subject to the iku-iI brokerage:— Predsinc: stocks: Blor.kwnter. buyers 45., se'lers ss. fid.; Electric, sellers ss. 6(1.; .Islnild Block, buyers 10d.. sellers 25.; T?i'=c and Shine, sellers £1 95.; Rising Sun, sellers £1 10s. Mininar stork: floss Ooldfields, sellers ss. P'h: NoUom-ai TTydvaulic, buyers £1 R; Kuranui Oalodonlan, sellers Is.; May Queon, sellers 6d.; New Sylvia-. Fellers H 2d.: N.Z. Crown, fellers 1?.; Talteman Consolidated, buvers £1 16?.; Waihi, buyer* £1 IR, sellers £1 12s. 3d.; W.iilii Gra.nd Junction, sellers £1 R 3d.; Waiotahi, seller*. 2*. 3d. Investment' stoclts: National P<ank (new i?.<me). buyers 19s. 3d.; National Insurance, sellers £?, 6s. ?d.: Union B-hin Co.. buyers £2 25., sellers £2 a?.; "Wostport Coal (X, buyer £1 7c?. 3d., sellers £1 7s. fid.; sellers 4s. 6d.{ D.1.0. (oref.). sellers £1 35.; D.I.C. (ord.), buyers 6«. fcl.; Milburn Lime nnd Cement (£1), buyers £1 18s., sellers £1 19s. 6d.; Milburn Lime and Ceinent flOp.). buyers £1 75.. sellem £1 fa. 3d.; Woollen Fnctory, buyers £3 lis.: N.Z. Drue Co. (£2), sellers £2 Rs. 3d.; N.Z. Paper Mills, sellers 195.; N.Z. Portland Cement, buyers 18s. fid., sellers £1: Wripht, Stephenson and Co., buyers £5 13s.

GOLD RETURNS. Auckland, March 31. The returns reported from various cold mines in tile Auckland district (liiriluc March amounted !n value to £62,169. Compared with February, this shows an increase of £9402.