MINING NEWS.

Dominion, Volume 7, Issue 1874, 7 October 1913, Page 10

MINING NEWS.

WELLINGTON SHAKE MARKET. A fair business wee <lono in mining pharos yesterday. The sales rccordcd were as follow:— Kuranui Caledonian, 33d. (first call). Block-water, 2Cis. 6d. {second call). Ross Reconstructed, Its. 2d. (first call); 16s. 3d., 16?. 2d. (sccond call). Waihi, 545. 6d., 553. (second coll). Waihi Grand. Junction, 225. 9d. (second call). 1 The Quotations were as under:— Buyers. Sellers. • £ p. cj. £ 6. d. Blackwatcr 10 3 110 Hauraki. Reefs 0 0 4$ — Murray Creek (old) 16 6 — Murrav Creek (new) 0 7 0* — Now Biff River — 5 16 New Sylvia- 0 011 . 0 1 0 Ross Reconstructed '0 15 6 . 016 3 Saxon 0 0 9 — Talisman — 5 2 Waihi Grand Junction ... 1 2 9 13 0 Waihi 2 14 9 2 15 3 Waitangi 0 0 7 0 0 9 ' 'Premium. The Wellington Stock Exchange received the following telegram yesterday from the Consolidated Goldfields, Ltd.Progress— Crushed tons, yielding £2364; cyaaddcd 25C0 tons. yielding £986; sulphurets, estimated value. £406; costs per ton: mining, 12s. 6d.; milling, 2s. lOd.; general expenses rind bullion charges. Is. 7d. Wealth of Nations—Crushed 2X50 toii3, yielding £2046; 1 cyanided 1490 tons, yielding £673; sulphurets, estimated value. £63; costs per ton: mining, lie?. 4d.; walling. 3s. 3d.; general expenses and bullion charges, 2ft. Id. Blaclnvater— Crushed 4CBO tons, yielding £6554; cyanidcd 2263 tons, yielding £778; sulphurets, estimated value. £515; costs per ton: mining. 14s. Id.; milling 35.; ccncrol expenses l and bullion charges, 2s. Bd. STOCK EXCHANGE. <3y Telegraph.— Association,! Auckland, October 6. Tlio following rales wcro mado on tho Stock Exchange to-day:— •Soiifh British Insurance, £3 193. Northern Steamship (paid up), 14s. lid, 14k. lOd. (two parcels). Waihi, £2 145., £2 14s. 3d.; £2 14*. 6d. (two £2 14?. 9d., £2 155., £2 15b. 3d. Grand Junctions, £1 2s. 9d., £1 3s. Ro?s Goldfields, 16s. 7d., 16s. 6d., 16s. sd„ 16s. 4d. (three parcels). The following salo was reported:—Auckland Gai?, £1 9s. SHARE QUOTATIONS. Duneclln, October 6. Dredging stocks: Electric, sellers 4s. 3d.; Island Block, buyers Is. 3d., sellers 3s. 6cl; Ripft and Shine, sellers £1 95.; Rising Sun. sellers £1 ss. Mining stocks: Muddy Terrace, sellers K : i.; Ross Goldfields. buyers 165., sellers 16«. Cd.; Nokomai Hydraulic,' buyers £1 ss. 6d.; New Sylvia, tellers Is. lid.; Saxon, buyers 7d.; Talisman Consolidated, buyers £2 4s. 6d., sellers £2 ss. 3d.: Waihi, buyers £2 155., setters £2 165.; Waihi Grand Junction. buyer* £1 2s. 9d.. sellers £1 2?. lid. Investment ftoeks: National Bank, buyers £5 7e?,, sellers £5 Bs.; Standard Insurance, buyers £1 lis. 9d.; New Zealand Shipping Co., buyers £17; tJ.R.S. Co. ford.), buyers £1 4s-. 6d.: U.-R.S. Co. (tvref.), sellers £1 Os. 6tf.: Mo-gic-1 Woollen "Factory, seller-? £3 135.: Donaghv's Ropo and Twine, rollers £1 ss. 9d.; Whitcombo and Tombs, buyers £6 12e>. 6d.; Wright, Stephenson and Co., buyers £6 10s 1 . ROSS GOLDFIELDS REPORT. GOLD-WINNING TO BEGIN. Christchurcli, October 6. Mr. G.*F. Davis. chairman of directors of Roes Goldflelds, Ltd., has received tho following telegram from tho mine manager: —"Completed tho connection into the Casfius mailt <Mve, ami connccted up a double trucking rood into the main- shaft; am loving new rails through tho Cassiiia drive; expect to start two drive© iu the wa s h on the -south side of the Gassins old workings on Wednesday next." Mr. Davis fays that he would like it to bo clearly understood that the drives to be started tomorrow arc tho commencement of tho work for tho recovery of gold. All the worlc dono up to the present has been nurcly development work, but. from now on, shareholders inay look forward to regular weekly returns. These returns will bo small for some few weeks, and tho manmoment do not expect the gold returns to fully cover oxponses until after the cud of this month. DREDGING. Rcofton, October 6. Pnctolus: 12oz. 3dwt.; 116 hours.