MINING NEWS

Dominion, Volume 7, Issue 2144, 9 May 1914, Page 8

MINING NEWS

0 ' _ SHARK MARKET. 5 A sale of New Sylvia at- Esd. was the only 0 mining transaction recorded yesterday. Tho 6 quotations were as follow:-- '' Bnycfa. Sellers. " £s. (1, £s. d. Blaclcwater — 0 18 3 J ... 1 t 0 — ® Sew Sylvia. D t- t — liass K«3e-iistrEctcd — © 4 6 * Kaxon ; — 0 0 i 0 Talisman 115 9 116 3 WaHaisgi 0 10 - STOCK EXCHANGE. (Br Telegraph.—PresA Association,! j Atickland, May ». s Sales on the Stock Exchange this marning:— Nfaihi, £1 Is. 6d. || Waitfuigi, Is. 2d. 1 OliristehurcK, May 9 [, Salos;— * New Zealand Insurance, SS Ss. Christehureh Meat (fully .paid!, £16 llto. 6d, 4 Waihi, £2 Is. 9d., 52 Is. 6d. ® . Dunodln, May 8, 1 Tho following s.alcs wore made on the - Stock Exchaiigti to-day:— >' W«ihi Grand Junction, £1 Ss, 63. Union Steam (ord.!, £1 ss. 6d. : Vnion Steam (pref.i, £1 «s. Sd. (two nor--3 telaK . The following Miles -were reported:—Rising Sun, £105. 3d.; T->'ilienia.n Oonsalidatsd, £1,16.5.; Xew Zealand Drug, M ss. fid.; Kaiat pol Wooltatt (ord.j, £5 ss; ■ LONDON MINISTO QtJOTATJOKS. Sy - Tetefi-ph—Press Aeeociatian-'-Copyright p Londonj May 7. -■ lcsterday's closing Quotations w<?re Woilii .Ghjldmining, <os. 7d- (buyers), au-d tile. im. (Selk'tt.?); Waii-ii Gronrl Juiiciioii, 26-.. awd NEW ZEALAND'S MINERAL WEALTH, ? IMPORTANT BISCOVBRY. ' SJXYEB TELLt'ItIDE MINES. New Zealand in-vestor-s arc always on tho lookout tor sotnothinir sTihsta.nt.iai to in. ' «st thc'r money in. The tesetoatlott of t'ol-d-minins has attracted thousands, of ' people, and hu-jtareds of thousands of 1 to our land, and sums have, in this direction, been won from wnhm stir border.;. Many rich pockets of , gold have faces found in out' rcsfa, and '. our plucky mißi.r* plod on hoping io find , many tnoi-c. In many of our mines. <ilthough rich {latches of gold have been, won, the reefs have proved, to lie tiiicer-' t-uitv; and so mining lias foiiieUmes stiade a varying impression on invrafco-iw. Tlierc 1-m.s bc«n (li£<'ovcred it) New ijea-. , ""'.d a class of ore-bearing i-eef in a form I which is arresting the n-tttintioft of Diining > msn. It is a silver wlluride with a, perJ Jfwse of (TOW. A ptesp-eiitaa giving farth«tr P»rt-teul<irs appraro in thin isoiic. > reuuride is <1 class of ore which contains vam-ss throughout the wh'trte reef. This requiwwent, it is stated, has now been ® e '; tost, two years a compitfoy m AricKlfiMd has bcefi fesploring a?id provmg tbo Ohlnemurl fetluride reefs, formerly known- as the Silve-retr-eam, a-fld it is renorSed imve been met with very gratifying rasults, met With, very gratifying results. PicKcfl fcamples from this mi-mi-are paid to teve reached as high as £11-5 pel- ton. I