MINING NEWS

Dominion, Volume 9, Issue 2645, 16 December 1915, Page 8

MINING NEWS

WELLINGTON SHAKE MARKET. In the mining market no transactions were registered yesterday, although there appeared to be a number of buying commissions. The quotations were as under:— Buyers. Sellers. £s. d. ' £s. d. Murray Creek told) 115 0 ■ — IHurray Creek (new) 015 0 — Boss 0 0 7 — Success Dredge 113 — Talisman 016 0 0 16 9 Waihi - I I 'I 6 IPremium. STOCK EXCHANGE. By Telegraph—Press Association. Chrlstchurch, December IS. fiele reported :—Kaiapoi Woollen, £5 6s. Dunedln, December 15. Sale reported:—N.Z. Drug, 445. 6d. LONDON QUOTATIONS. Bj Tdeßtaim-m.*- ' - Opyrieht London, December 14. The quotations on the stock and share market include:— British Broken Hill, buyers 21s. 6d„ sellera 225. 6d.; Broken Hill Proprietary, 475. 6d., 48s. 6d.; Mount Elliott, 725. 6d., 755. 6d. Bank of Australasia, £108 55.; Bank of New South Wales, £35 12fi. 6(1.; Bank of Victoria, 735. 9d.; Union Bank, £48 10s.; National Bank of New Zealand, 91s. 3d.; Bank of New Zealand, 19Zs. 6d. New Zealand Loan and Mercantile debentures; £76; ordinary, £78 10s.; City of Melbourne, £93; Melbourne Harbour Trust, £95 BOSS GOLDFIELDS. The mine superintendent of the Boss GoldiieUfe reports as follows on the work at the mine {pr the fortnight ending December 9:—No» 2 east drive was■advanced 43ft. in wash payable for 2ft. below the back laths. At the face of No. 16 south drive, on the for side of the clay formation, a rise was started and extended 12ft. in low-grade wash. At 885 ft. from No. 2 shoot. No. 17 north was commenced end extended 25ft. in blue wash, which varied from fair grade to payable over a depth of 3ft. Blocking is proceeding of Nos. 7, 9, and 11 north drives and No. 14 south drive. WAITAXGI CONSOLIDATED. The annual report of the directors of the Waitangi Consolidated Gold Mining Company (no liability) for the year ended October 31 last states that shareholders were advised during August last that the reduction woilis had been completed and crushing operations commenccd. The plant has worked well, and the method of treatment adopted promises to be a distinct success. The quantity ol ore treated to October 31 was 2433 tons, yielding bullion to the value of approximately £2100 (including concentrates on hand). Tile low value of the ore crushed is explained by the fact that the ore is being taken from the main reef, where most easily obtained. It is considered advisable to push on with the work of timbering and opening up the western section of the mine, wlieue a larg„ image of better value Is known to exist. This work should, be completed by the New Year, and it is honed it will then be possible to keep the mill fully supplied with payable ore. A huge tonnage of tailings from some of the richest mines on the field are deposited on tile compauy's lease, and as the early methods of gold saving were crude, it is possible that these tailings contain good values, and can bn treated bv the Waltangi's modern plant at a fair profit. Tests are now bcinc made, and if satisfactory a very small expenditure will enable operations to be commenced at once.