MINING NEWS

Dominion, Volume 8, Issue 2508, 8 July 1915, Page 8

MINING NEWS

. WELLINGTON SHARE MARKET. :. In the-mining/market a sale of Talismans .at 395. lOid. • was reported. Tho quotations were as follow ■ Buyers. Sellers ■ • £ s.d.. £ s. d. Murray's Freehold — 1 6 fl - : 0 0 6 Waihi. 20 0 - — Grand-Junction . — 13 6 Waitangi — ■ 017 " STOCK. EXCHANGE. By Telegraph.—Press Association. „ , „ . Auckland, July 7. ' Sales :-Wa,ihi, 405.. 3d., 40s. 6d.; Auckland Trams (ord.), 21s. . . ~, .' v , Dunedln, July 7. i Allowing sale 6 were reported on tho Stock Exchange, .to-day :-Westport Coal. £1 Us. ud.; Milburn Lime and Cement, £1 Us. : LONDON MINING QUOTATIONS. (By Telegraph—Press Assn.-Copyright.) • , !.. , London, July 6. bwck and share market Quotations inolude:—British. Broken Hill, 235. and 245.; Broken Hill. Proprietary, 445. 9d. and 455. 9d.; Goldsbrough- Mort, and. C0;.£90155. ' MOtJNT MORGAN MINE REYENTIE. . 1 Brisbane, July 6. The Mount- Morgan Mine revenue for tho year/ended May 31 totalled £1,005,399, aiid the expenditure £838,760. "A dividend of Is per share was paid on. June-30. Tlie'year's yield was 9075 tons of copper and 116,505 ounces of.gold. \ : ' ;--.j ROSS GOLDFIELDS. . The, of gold from the Ross Goldfields Reconstructed, Limited, according to a message .received' from the. mine superintendent, is 520z. 4dwt. of gold from UOO trucks. : •. r • . i The mino: manager reports on the -work of the mrne for the "week ended July 1 as follows :~No. 2 Tvinpr drive east, wliich is now out 482 feet 4 from No. I shoot, advanced 26 feet inwash, payable over a depth l of I feet.. At 450 feet from the shoot iNo. 6 south drive-vvas opened out and ad- i vajioed. 6. feet in pay-wash; No. 5 northeast blocking drive wai extended 13 feet in £ WQsh. Blocking is. proceeding: oft Nos. ,2 and 3 south-west drives, and No. 4 north-east drive. ' . - • • r .

' MUKEAY OEEEK GO MP ANY. ! The mine manager of the Murray 1 Creelt Gold-minnng Company, Limited, reports that during the month of Juno .the No. 2 winze from the intermediate level ha 6 been sunk. a further 55 feet,- making a, total depth sunk of 100 feet. At a depth of 92 feet the hanging-wall; came in si~hi, and the reef became perpendicular, causing it .to-pinch.' At the bottom of \the winze the reef inches.-wide in the south end, and only a track in the north end. TJio .manager expects the reef to make again a ., V 7 , deeper. No. 3 level lias been extended a further distance of 150 feet, and the face has been turned towards the reef. The battery, cleaned up for 58oz. Vdwt. melted gold and 240z. of bullion from the cyanide from 96 tons of ore treated. The estimated value of £308.HIGGINSON AND MACSHANE, 113 Featßerston Street, Wellington, ' SHAEEBEOKERS and ACCOUNTANTS MONEY TO LEND on First-class Free- . - . hold Security. . •