MINING NEWS

Dominion, Volume 7, Issue 2171, 9 June 1914, Page 8

MINING NEWS

WKI.I,WC;TO:N SHADE M.ARKKT. The mining i;iori.c! is dull. Tfec only tuadsaetiwn recorded ycst-pr/liy was a ce.'fe of WM'itan.Ei o.t Is- 15d- 'fhe quotations \v%re ca follow : - Buyers. Sdilc-TS. £ s. ti, £ s. <1. Olnchwiter • ii ID ti Murray Creek (old) — 1 I t Murray Creek fnewi «- , *0 7 fi New .Sylvia -■ Q 43 10 Ross. Reconstructed D 213 — StfastrSsa — 0 7 0 SaSo'rt G 6 5J — Talisman — 1 16 -6 Waiftv 2 S 9 2 3 6 Waihi ©rami Junction ... 1 5 6 ISO Wditattgi ; ' — 0 13 ,y -Prc.riiiiJm. STOCK BSCIfAXGE. (Bs 'folesrapii.—Jrcsp. ASRScloUoni) Auckland, Juro. 8, . &l?cs Grand JftncMofl., £i ss. 6d., £1 6s. Ksss, te. . . . Qdrtefllrt, .Tone 6, ; Mie fotlowtmt sate was reported on the Stock fixdianire to-day/-National lasur- - £i i 3.?. 3d. Stoclf. Estcftfiflge qaoWionsr— Uwdeing stocks: Ktet.rie. hoyars 2s. M-, srllere'is. (ti KiseSlid Bliine, sellers £1 O.s, 9S. Mil,line sfecke: Sol?sftia*i SlynrEiiHV. Isity£i is.-, Jrogross IQneo «{ lie# Scafont, eel.ters JJ3.: Taii~n;o.« (.'oiissHiialea, fe.iicrs tSfej tWibi, suiters £Z 4s.j Wnllti =f)l!er6 fe< £tl* iftVfiS.tnkw : i stocks: So.'ional Bank, buyers, £5 li«. 6d.; Vnion Bdlii, (iiivcm. Si' ififi-: S'nrtdarS Tftsuronco, taivcri .£1 14s. 94.; U.iS. Co., jclferii f.i SS. w.:'tr.B:B. Obb>reL), llfiycfs £» Bs,. Sd., sftllere. £1 Ife. li.i -vTortTM.C!; Co,, Goiter's .£4 6?.; pUfitdifl ExeliA.ri(!<s FrrtprieU'ir.y' (ei £3 35.; lC<jj'Ar)oi VV'oolieTi Co..- buyfrra, .£5" 55,; Jfiliijarji Liiiie ABd' Cettteirfe Ce„ buyers 4H as. 6t1.: Ifeßiel WntsHm Taoio*y, liuyirs Ms.; Ktiw 1 fteotena Drug • Po," Sfiii. buyerj £S te.: Kcw Zealand rims Co. fcew). ieHfrs k. Sd.: ttwagh.y's Seipb aitd Tw-ir.c Co., SI, 55.: Wrtsrht, Stcplienson. «.Bfi <Jo„ buyers £6 He.

WAIUI' OHAN'B .TCXCTIOX ROLB CO. Tbe <i>r the Waiihi (r-faiid Junction G<M M.. at the moctwg in lr<mctop. tfii, cav'/ers ib : f xtfiQP 191-3, srttf . $tj.rrn& ! j"<wr of of miHeU find • yie^dinc litiUio'n to xa'Xm of ttfiifl wihlob htts to bti t!,io .^old d.nt-T - of ke'Vinr iAllffil, Sundry rfcmpts atflot>.nt-sd : j-ej $/\W. mnid'ng: a, taWl revenue *of. £il9 r ? J?i7, ' rrr<?ludl'#ir the <S? <Jte'p:6d l<) i'rtiH«S fealoDrndfrt. r-c^*rjT,pf)^n, r ad,iiytr)i?tTdt;^"n et-W •expentJltur/j itr Kcv fa&lftnd •ftn-d • Ti©i)4oji. special -exTi'eftdihtro ajis.i^ifr iVata fht! cfvilht'ft-o- s.hov;*- ' of &sb;?f9. After d-ed'ii.ct- = in? li-fitt-eft o/t for ot •nlaftti gnd buii-clinp*f>, a nei oroixt o't JUii#)" t-o credit profit And 'Wift *f<*dU'- o? M9.W.-6 brfrwcht fr-VTtnrd Ujo boltft £UMI. f4s.(!Cin hos Uf»«o id rpjcrve tniid. The tb.c yAV'nwm'fr, a finiil d(v.b of $ ftOt fre« tof rncoJn-ft tn.t, ftTftofiniittp to 15 pe* for (Tip vH'r. tftat the of f.i 769 Tvfj rirftrd. T'l.ib vfl„lue af bnUion remv<?r.?(i,' &Z Is, 7d. t»e.r \<&% 9d f •toft ftighdr tfta.ti iii 1.912. jKiiin.e: -aft'tl njtllintc costs, o-wins f,o fh© in the eiFtems tyc siion<ice of lab*puf 'fljid fAti€cs/slj?)w sin Increase of Isi ld'« Dcr owiapr to the? e&mpix-Ti* tow faiiic tho .veflr iri v.-li-icli tJiq s ; trilffv -a. reduction ©if 4?, - 4d, per "I'Ho pa'ofit at tho .Tm.frc IVt-Dfcfote; £1 4s. Sd., •,td with £$. s. f 'K D'or toii' in the 1 yea.f. Owing to. ttw dispersal ?>f nwfttnfir oX tftmfcff t-fic .strike of 1912. on the icsumptio'n of pumßfr and' Janwary 13, only flrtc-fourth tho ntimber of rncrt at work before the sr-fc.ike av-Ailiiblo, Bltriirg the yiiaf thofo h«s ?i j?rfidltf\J iii. the iiiiTtthct of uie?i omptoyr«t, but frill cmriTVieinfiflt H|j4 yet tea rcdetorfl, skUled mine'r? bciftg cspocioJly scorce. | <4Wtfl«a. of labour .has. jaioi : nf? opctf&Uons. the do\ r footogo for s tfc 'ymr feeing only 59'0Qft„ es. ooui.pafcd 875'in-. in 1.311. th-e j*car hofoyc the 4 strike. And 15 al?cv. responsible fh-r the declin? of the ota iii ic-ss-tvc from 157,7-50 ton# ot tho <jjid of I$J2 to 175.100" tons ai i:hs ■e&d of fIUS, a Jf«d-Uc(roft o>f t-tfris. T'li<f efectioM the 2Cflo hiJo;r>itt spt, -whteli woa by ihx> <;Gs7nrk" early 111 the yeav. It Mo Since bscj? rvmiiiag iit a mast jyivi.rtncr, jirovmp more ocono-tjiieai in stpam cousiifftp-tso-n ttat tho oiae? sots. Hii.o fi*r JWjtflSy i-o tHc fijitts bec.i inV>y tho addition of a Irrper* ' ro-njp-rcSWi cnpaMo ni d«Hvet»n«? 2000- cobic fco'l ol Air per 4X a pv^. ol l'OOlb. Pfcr iitch. is hot?is oxtcnddcl by t-!«ie aci&i-tvrm of t,'.ventv 4>f thft henvy lylfi-gr fkt. tJm I rn.ine. This entails tho oreefcfarn of aii ml/ I ditiaj&al oi'-ft bin of BPO tr/i esipacity, 0. 55i?. I h.p. motoi* the sin tops* nud nn I o"£ >>b<s bjittGry hwildiTtps to i" work is o^mtoll imtM th-p oi*e fesprvej? «. ! it k fiot ■n.dvisab.lo to i?u-}'eAs(> flic OJitpitf;. ; 'fho "j/i----ditioji to the bn.-t-tr-T? fa bei?7ff in-are

[ with the o%i<?st at ptivd'ntSK.ar nny redti«Uan in tfce prtspßt tmttas sWtilii it Woiaa MtsosiWry to hang «H atljr of f,hg pjMinf* st-iiti-p.? for reflMrs. Tlve iteretotiitient of the mine! 011 Wo. 6 level lias hislslv f-attsfftetarv *s'tfi&tfo tITO fiaiflire iode And tlse Eijifrire foatwalt Jenttei'; : lsiji- tlw Riwt I«tf» ©9*t- !>f flu* fosfwit fe/w orovert «oH flisaJtrotoHftfr. belne dteturbefi oncl Bttwr«Jly of lott *»Hmv aHtairfisii an the section in; 1-evM above M>e iofe wovpil «sf Toor! >viclt}i and \ST-Mt of t-feo crosscut ijayabls ore Ho? fcwm met. wi'tlt. but as no con tree ti®iis with the . lew* A-We Irarc y-ct been mathy the tntieni of tl-; ; s ra.yHM« ore i? not yet OS-cert!) W3. I vtty Jltt-le writ has been done oil tM other ; : 30/ihs. P-Vrirr- i'Li-e of ilie year tb-t: fur-, t.lif.r esp-tirfti-icn of tlK' TlTiitrire .noi-M lofe til-*"* Kpipiro fpoiv;aV[ I-eMe? Inbelow Nd. 6 level ).»ns trrorod <•<•* >onif<»|. • <i«w« fit seit' t w'')''r vhj-n. Ti— nf ii'-d ao. J 4ioft h-ls hew floHtiHHroi to .* jlertl.ivof jWt. hriw tire «»»TaM>. r.rcAn p< irons fnv opening out K'o. 7 lev?! fit -i fkotfii of iKlft.. rt*o welt itf'vmncrt. Thi> Eff.it lmwovcmeilt ill Hie yield bw too from tilo of ji fflrger profn>*t.vnft tfoais I M lt?£li ore <.V iai«o(l fi'oVti tile fiinoirr- Fr>'>tf"- r iH I/Wet". *Pa "iiffiMe stoniiicf op»ri<»icms to wn-ofert on f.V nt"in lortp in t.l'o of :-on of ttir.se twv'i Vtflcs it li/l> becQliaio wi».<>fKrfry t« t/'Ue Ant ilse 'vlKiio of tint ofe l>rt<w?sft 5 awl 6 lpvfiipi in (lie fnntw.iM Teaser lKiif Mifi jai'ietiirt ojw! iWek nilii ■ r.nv.j to ■"•'•ii''" eafe of tins E«igire jowk' lode, tALisiasN cnWASt. 'AXSPATi KEl'rtffT. ■THe Tafisni-'iil G.i'F. Cnmpiv:i' oilvisfee jie follows.— ejiWes: Tin, repftn. tinij i'i.s.']."!!ce-fliei*t of 4he directory b.to he ta?!ted on .1 un.e 5. nflil Wie niiiiiini mfirtina \vi 11 Ise hp]d. ott Jttiie 16. i'he. tile .grQnis prnfj'/.v til be £1£'',260, Atifi t'le iiett = 'file (Viriflond? p.-titj A(noußt«d to £529,756, eini is carfirffl l«fj, • Jlaelilnery iusd p!c.ut etaad «.t

'<££7,080; 'investments fit £53.695; ImUion in transit, iI7K; sundry tablet*, £1838; sasft sundry creditors. .£3 £.£6; hu]lk?n reserve* £aCt-(i. r j:Uo ore ftserves cm? iS7,Si3 tr>ns nf ci-n <ivoTtciiz& vnhic of .65 '&?, 66. pci* ton. Thi> rtwves d<? pot include j flfiy ore cXfaii&g <t ria partially' cfcrelooed M-kv iS'cr. b] levd. A'.so, no estimate Ims lmoii nmrfe *>f U.io .pfty-flbio on* bmlic* jo northern <>«d of til© tiubko section at no. -A Invel, diseased by the south drive!." IsW 810 iaIVER, iCy Telegraph.—Press Association.) Reefton, Jmio 8. Jvow Big -Itfypr Croft S4U toils, battery; also 1240'z. <kiwti3. r ftstiauntc.fi Value J£s23tf,