MINING NEWS.

Dominion, Volume 7, Issue 1928, 10 December 1913, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET. The mining market was dull yesterday, and there were only two solo?, Ross Reconstructed chancing hands at 12*. Id. and 12s. The quotations were as under:— Buyers. Sellers. £ s. rt. £ s. d. Ktirnmii 0 011 — Murray Creek (new) 0 12 6* R0173 lieconstrlicted 0 11 6 0 12 0 Talisman 1 10 0 2 0 6 Waihi - 212 6 "Wnihi Grand Junction ... — 15 0 Waitaugl 0 0 8J 0 0 10 •Premium. STOOK EXCHANGE. (By Tcieffraoh—Prces Association.! Auckland, December 9. Stock Exchange &Vm to-day included:Auckland Gas (con.), 10& 9d. Northern Steamship (paid up), 14a. Waihi Grand Junction, £1 4s.- 9d. Iloss Goldfields, 125., lis. lid., lis. lOd. Kuranui, is. id., l<s. Occidental Consolidated, Bd. Reported sales are:— Auckland Gas, £1 7s. Jd. Waihi, £2 12s. 3d, ' Waihi Grand Junction, £1 14s. 9d. (two parcels). Christchurch, December 9. Sales reported on the Christchurch Exchange:—Wcstport Stockton Coal, 45.; Union Ship, £1 4s. 6i1.; N.Z. Farmcra' Co-op.. £2 45.: Whitcombe and Tombs. £7: Hercules, 15s. 9d. Dunedln, Dccombcr 9. Tlio following sales wero raado on tho Stock Exchnntjo to-day:— Koss Goldllclds, 125., 12s. Id. Waihi, £2 12s. 6d. The following sales were reported:— Waihi Grand Junction. £1 4s. 9d. (three parcels). AUCKLAND STOCK EXCHANGE. A TIU7NG TEAR. EUTURE OF THE WAIHI MINE. Auckland, December 9. At the annual meelinpc of the RtocH Exchange. Mr. Buttle (chairman) faid the vc;ir had been a (ryinp nno. Money beinc ricur resulted in n. restricted market Tor invoitmnit on stocks. Development of tho

Waihi mine .indicated that it had sienr- ' tr.ilcd tlirousli a t.inn of rntlier tioor .:re tliey could look forward with some <-nnfideuce thai the ennspnny's prosperity wi»ht possibly lenslheii to flfiwn or ln-cjily y«ii>-. Developments in tiie Grand .Sanction wore most cncourngiiiir. If tlir. orp licdies continued to open nn .is well as at present, the cnmpfiny would ere lone st<u»i> in the eauie ronk as the famous Wnilii. TnllsmflTi mine was devoiopins well, pay slioolfl hcin<? remarkably rich, and the nerfi/tence of the run of ore reallv ostonishinß. The Tlam Ooldfields lrad proved that its plant was equal-to rtvalins with the water. Jfe had reason lo believe that mininsr could be <-yftenjat,i«il|j- continnnl. He considered that there, vvan no fi uestion of the possibilities of tit© Boss Geldfiehis beiusr very ureal.

(-'penkniE of the merMiso of capital of the Tinnk of Xew Zenlonil. Mr. i'miHn i-iid the profits were very larire. and it. wa= i. (liie.stion whether the interest-, of its clients were..■■considered: Some relief Rhotild be Riven, in a reduction, of exchange, etc. Jfr. G. A. RutHe was re-elected chair, man. LONDON 'Jf IXINO QUOTATIONS. By Teletrraph-Presa Association-Copyrijht Uondan, Ttocember 8. Yesterday s closine nuotations w»TTailii. 535. 9i1.. 565. 3d.;' Grand Junction, 14«. 6d., 2os. 6d.