MINING NEWS

Dominion, Volume 8, Issue 2567, 15 September 1915, Page 8

MINING NEWS

WELLINGTON SHARE MARKET. A'sale. of . Dominion Developing Company shares at 255. 'was the' only transaction reported in. the mining marlcot yesterday. The quotations were as under:— Buyers. Sellers. ... £ e. d.. £ s. d. Murray's Freehold — 15 0 Talisman - 017 6. ;• .0 18 3 Waihi'' ....,.'lls 3 . — Grand Junction ..:... 110 — ■ STOCK EXCHANGE., (By Telegraph.—Press Association.l Dunodln, September 14. The following salo was made .on tlio Stock 'Exchange to-day:—Wailii, £1 155,. The following sales were reported.—Union Steam, ordinary, £1 2s. 3d. (two parcels); Wailii Grand Junction, £1 Is. 6d: LONDON MINING QUOTATIONS. _ .. By Telegraph—Press Association—Copyright London, September 13. ; Stook and 1 slia.ro market Quotations include:—British Broken Hill, 18s. 9d. and 205.; Broken Hill Proprietary, 435. 9d. and 415.; Northern Hill, 365. lOd. and 38s. Id. ' WAIHI GOLD MINE. . For tho -period. ended August 28 tho Waihi Gold .Mining Company, Ltd., crushed 16.3(3: tons of oro for a. return of bullion rallied at £27,012. Ab compared witl'. the corresponding .period .of last year, when 14,538-tons of ore.yielded £25.466, this shows an increase of £1546. Tho following cablegram has been ■ sent to tho head oificc of the- company, London:— 'No. 11 level, Edward' 'lode: North from' Sprat crosscut, 40ft. driven', 80ft. to 120ft-., vaJuo 15s. 6d. per :ton; soutii from Sprat cross, 34ft. .driven, :75ft.-to 109 ft.,. vaJue 17s. sd. ner ton; south-west from No. 4 shaft, west crosscut,. 31ft.. driven,: 112 ft .to 143 ft., value U2s. 6d. per' ton. • Royal Lodo: East drive extended 29ft., : 527 ft. to 556 ft:, value 245. oer ton. . At 550 ft. east the lode is 10ft. 6in. wide; value ss. (d...per ton. The lode is mixed with country. Empire.lode: South •section, east of No. 4 shaft, west'.crosscut., 69ft. driven, 315 ft. to 374 ft., -value 16s. 4d. ; pcr ton; the width of tie lode is abqut 2ft.i! Princess:lodo:-South.from No. 4 shaft crosscut, 43ft. driven, 40ft. to 83ft., valuo 6s. per ton." ... ... .' NEW STL VIA COMPANY. : The report-of;tho directors of the New Sylvia Gold Mining Company for the halfyear ended June 30 is. as follows:— - The,battery resumed,crushing. about tho :middle of.-March with - ono " shift, and-" In April increased to full time. Tho battery figures, therefore, only, represent about three months',. crushing' out of'the- six under review.' The stone; crushed was all from development.work south of the winze, and although payable was lower in value than your directors-anticipated. ■ What is deferred .to, as-the winze is really now the' temporary-winding shaft. This winze car-' ried tho stone down from No. 4 level the full dopth of 134 feet 'without either wall being seen and on stone of a very good Quality.,

In driving north from the winze the reef maintained its size and quality for about 40 feet; and then became broken and intermixed'with country, rock, and although it has since become ' more compact, is Email and'irregular in the level face. The leading stope,' ; howover, that has, been;brought along'north right over the back o£ the level has proved the reef to be ■widenirig.Vout again overhead, and proves the level north has been driven in a broken part of the *eef. South of the -winze the reef in iplaces has been as wide as twentyeight feet. of clean quartz. It is now .smaller' but;; more defined , in the stones overhead; arid, maintaining a more regular -width of'from'six to ten feet. Now that sufficient rises are through to No. 4 level: for ventilation,' stoping will bo carried along for the;, full length of ..the reef, and wc . have every reason to believe the stone' will then average out and)prove more highly'payable for the next two or three years. Meantime, vigorous prospecting work: will be carried out by extending the No. .s'level both north and: south into ■ practically; maiden 1 country, but where., years ago, payable stone was. worked hundreds of '-feefcvdverhead on the It is your'directors': intention at t.he end of the financial ryear to debit book to profit anrl loss - the total cost of the low level 'tunnel standing to credit of development account ,'in the balance-shcet attached hereto.

WORK AT THE WATERSIDE 9 MEETING OF THE ASSOCIATION. At tho first annual meeting of the Wellington C'o-operativo Waterside Employment Association, irhich was held yesterday, Mr. W. Bennett, manager, reported as follows:—The business was commenced on August IS, 1914, and owing to the outbreak of war in Europe the committee has been uuablo to put into operation the full scheme, but the success which has attended the efforts of tlio association is 'proved by contrasting the excellent relations at present existing between the men, through their union, and the employers, and the very disturbed stato of labour in the waterfront this time last year. For the 52 weeks under review the association lins paid in wages .£157,,9-15 as. 3d., in some 54,303 payments, to an. average of 1014 men, making an average wage for the casual workers on. (ho wharf far members of this association of £2 ISs. Id. per week per man. The Harbour Board has undertaken to provide shelter for men at places of engagearriving at a satisfactory solution to this matter by adopting the scheme put forward by _ the' committee, and tho necessary alterations to the men's waiting room are in hand. The committee.' oonsistina of Messrs. W. G. Foster, W. A. Kennedy, G. B. Bullock, W. E. Fuller, A. A. Thomson, W. A. Flavell, aiid Capt. Chudley, was re-elected. Tho chairman of the Harbour Board was.originally asked-to join the committee to watch over the interests of the-board, but was unable to do so i owing to the constitution of the board.