MINING NEWS.

Dominion, Volume 6, Issue 1742, 6 May 1913, Page 8

MINING NEWS.

WELLINGTON SHARE iIARKET. Tho developments in the Waihi mine, which are viewed extremely favourable, have been responsible for genuine buying on the part of the public. The shares : were sold on 'Chanse at yesterday afternoon's call at 355. 9d„ while on Saturday the best bid was 325. 6d„ and a few days earlier it was difficult to sell the shares at. 295. The advance is thus nearly 7s. per share, which puts another £175,000 on tho market, value of the money. Tho shares would ere this have gone much higher, but money is tight, and speculators are few. Talismans arc also firmer. Of tho larger mines the Consolidated Goldflelds are the weakest on tho market, principally because it. is impossible to set any information regarding tho money, and chiefly as to the disposal of tho founder's share due to Mr. David Ziman. It is time the New Zealand shareholders of this company sot together aud roused up tha management. Yesterday's quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Ross Reconstructed 0 5 10 0 6 0 Talisman 1 19 3 2 0 0 Victoria 0 0 2 — Wailti 1 15 6 — Waihi Grand Junction ... 0 15 9 0 17 3 Tarnuaki Oil Wells — 0 14 0 STOCK EXCHANGE. (By Tclcsraph—Pre>?3 Association.) Auckland, May 5. Rales on 'Change this morning:— Ross Goldfieldis, is. 10d., 6s. Waihi, £1 15s. Grand Junction, 16s. Ed. Auckland Trams (ord.), £1 2s. ' Stock Exchange sales at the 3.15 p.m. call :— Hauraki Reefs (con.), ljd. Waihi, £1 16s. . Waihi Grand Junction, l&j. 10d„ 16s. 9d. Old Hauraki. 3d. ~ Ross Goldflelds, 6s. Northern Coal, 10s. ' Chrlstohurch, Ma.v 5. The following sales were reported today on tho Stock Exchange of Canterbury: Westport-Stockton Coal, 3s. Union Steamship Co., £2 3s. 6d. New Zealand Portland Cement, 17s. 6d. Dunedin, May 5. The following sides were reported on tho Stock Exchange io-day:— Waihi. £1 I'Ee. N.Z. Portland Cement, 17u. td. SHAKE QUOTATIONS. Dunodin, May 5. Stock Exchange quotations-.—Dredging stocks:—Blackwater, huyers 45., fellers Es. 6d.: Electric, sellers ss. 3d.; Golden Bed, sellers Bs. 6d.; Hartley and Riley, sellers IC': : i. : Island Block, buyers 2s. 6d., sellers <s.; Rise and Shine, tellers £1 lis. 6d.; Rising Sun, sellers £1 Bs. 6d. Mining stocks: Consolidated Goldflelds, sellers 13s. 6d.; Kurnnui Caledonian, seUere lOd.; Old Hauraki, sellers Ed.; May Oueen, sellers 4d.; New Sylvia, sellers ICd.; N.Z. Crown, sellers 10d.; Waitangi, sellers 6d.; Watchman, sellers 2s. 2d.; Talisman Consolidated, buyers £1 16s. 6d.; Waihi, buyers £1 lEa, sellers £1 165.; Waihi Grand Junction, buyers 16?. 6d.; Waiotahi, tellers 2s. Investment stocks: National Bank, sellers £5 55.; National Bank (new issue), sellers £5 la; Standard Insurance, sellers £1 lis. Gd.; U.S.S. Co., buyers £2 is., sellers £2 3s. 9d.: Westport Coal Co., sellers £1 7s. 9d.; D.I.C. (ord.), buyers 6s. 6d.; N.Z. Drug Co. (£2). sellers £2 75.; N.Z. Paper Mi He, sellers 18s.; Auckland Electric Trams, buyers £1 • .