MINING NEWS.

Dominion, Volume 7, Issue 1969, 28 January 1914, Page 10

MINING NEWS.

: WELLINGTON SHARE MAIIKET. . '.V'Salo of Waikrel 545, wog the only transaction recorded, in the , mining marlict yesterday. Tho caotations weve ae under:— ■ ' EttTCTs. Srllero. £ s. d. £ b. 1) Blackwa,ter — 10 6 I'rosress .- ' — t!5 i Rosa Reconstructed 0 6-6 0 6 7 Saxon-'. — 0 0 11 Talisman ~..-. 2 2 9 2 3 9 Waihi Grand Juftotion ... — 16 9 Waihi ...-. ; — SiS 9 Y/ailii-Paerpa. — 17 0 PROGRESS. MINIS. LTD. The following"'is- A copy of a «i.b!oKram eent to the London, office- on llonday:— Program - Mines of New Zealand, Ltd.—No. 35 oast drive: Result to dote, first 3Jft.\ not previously reported unpavalilc; neit IBH. 19.54dwt.; -next, 10ft.. average value lOdwt.; reef- still in face, osccpt top 01 south eldo-recf iipposrs 'to bo pitching south; considerable development, work necofßlry before full orient and value of this body will bo known. BOSS GOLDFIELBS BECONSTR-UCTED. ' The mine , superintendent of i-he Kqes Coldilelds 'as follows for the test woak:-JOno, 6th level. No. , 2 shoot: No: 1 touth drive has been veata-rted for the purcose of extendinc- It a. further distance of 40- feet before cotemeneinij to sink tho proposed monkey ;bift; this 6boul-i bo started next wcojt. This drivo-i; noir. .192 foot fromtho shoot: H 1s cArryinc no eold, and is beintr driven in t-he-'. bottom underneath, the layer of Tashdirt forked' bv Cassius. Xo.' 2 eolith d.iv" extended to 88 feet in lovr-srado wash. Jfo. 3 south ip 96 feet in low-srade mash. Jisrth ari.-e driven to 95 feet from the opening and stopped, tho, wash, of modium ou.ihty fca-vins dn<~ Bed underfoot. No. 1 west drivo driven to 60 feet in nice-looMne vwish with, at times, fair prospects. Caseius Vo'rkinga. —E«Ht drive on south side has been driven to. 150' feet in wash of low value. As wo« reported to you by telegram- to-dny all nndercrouiid work, with tho ciception of pumping, had to be suspended to-day owinsr to heavy rains during last night cousins such an incftae? of water to pcrcelate through Cawliie workings. 'Xlie woter becartnine f-oo great for the two etationory pumpa it fccuimo neocssary to close tho waterlosTi on tho sixth level a?id' aUov; the water to fill in--our workings And. those-of Cassiuß. The pumn3 n.ra respondin? to tho increased lon-d Eat.i'rfnctorilv. There ie no to T«ix>rt as rcsardk tho transmiscion liiie, power station, and races and tunnols. STOCK EX.OHAXGE. , (By Tekxra-ph.—l'rw-s Association.) Auckland, January 2?. gales on the Stock Exchange to-day were: Rosa. 63. 9d. WaShl. £2 145., £5 lte. 6d.; Grand Junction. £1 6s. 6d. Auckland Ga,3, £1 9s. Dun-sdln, Jas-iiary 27. p.alos 011 the Slock EjchMircc:--Woihi. £2 123. 9d. Juuution, £1 6fl. 9<1., .CI 6s. 9il. Chriflkhufch, Jaminry S7. Bfllce reported on the Stot-li -Kxriii«v«te to-iloy w«rc:-l)onl: of New Zealand. £11 175.. Sd.; Biaclnvatcsr Mines, £1 03. 3d.

Tho.New Zealand T/>an am! Iferoanlilo Agency Co., Ltd., .will hold a slock sale at'T.oviu on Friday, January 30. Mcsws.- A. L. Wilson And Co. will sell the contents of Jfrs. Jensen's S-rcomed residence, in Woburn Street, Ixiwor Hiitt (oppwite Bellevno Gardens), at 1 p.m. toinorrnw.