MINING NEWS.

Dominion, Volume 2, Issue 533, 19 June 1909, Page 8

MINING NEWS.

WAIHI GRAND JUNCTION

;...: -pumping' kesumed; \ : r, Association.) V\ >'- Auckland, Juno 18. Jji accident.to:the electrical pump-on the bottom level, yYium Grand Junction mine, last week caused a. cessation of- pumping,'-and a .consequent wnter necessitating temporary.stoppage of.work in the level at the moment that an unusual and important development .whioh, ,a -day..or two before, had made, its appearance in the face of the drive on.the Empire lode, was/being prosecuted. The development 'was the.opening.up of'a seam of rich ore in'which' gold .was freely distributed. J.his is a most unusual feature, for' seldom is trace of. gold. to to seen', to the many reefs, of the • neighbouring miiie. \ The Waihi pumping; having been resumed, and the level drained, work in ' tho level, recommenced to■night.- Considerable- local interest is also being . taken i'in: .the development of Waihi Extended—the adjacent property.- ■ , DKEDGING.i ... (By, Telegraph.—Proas Association.) n j • " , j?"nedin, June 18.. _Dredging returns: Good Chance, 118oz. sdwt.Mfisterkn, 460z. 9dwt;; Mystery Flat, 450z! MwtrEleotrio I, Z3oz.; Koputai, 28oz. Bdwt.; Central Charlton, 210z.; Waikaia, ,12oz. 4dwt •' New .Roxburg Jubilee;" 20oz; sdwt.; Chicago 15oz. sdwt.; South Waikaia, lOoz. sdwt. ; , ' STOCK EXCHANGE, v.. (By .Telegraph-Press AssociationJ ' _ , - V Auckland, June 18. On the Exchange to-day, Bank of New Zea-lands-sold at '.i 9 .is.; New Zealand Insurances, at • ?7s. Od.; New Zealand and Biver Plates. 365.; Talismans sold at 535. Sd. and 535. Gd.j Waihis at .£9 3s. (id.- and 35., lato sellers quoting 3i. and• buyers 6d. less; tirand Junctions sold at from 465, 9d. to 47s to, '16s. 9d.-, with late'sellers at 475. und buyers at 465. 6d.; options'sold at -225.; May Queens went off at from ! 2s. lOd. to 2s. 9d. to 2s. lOd • Waiotahis, 85.,8d., ; 35. 9d„ 3s. 10d., and 3s 8dConsolidated G'oldfields, 175.. lid. and 17s. 9d.; Crowns, 6s. Id. and Bs.-; -Tairua Broken Hills. 2s. 7d. to 25... Bd.; -Waihi Consolidateds rose rapidly from 4s. 4d. to.4s. 7d. to 4s. 9d. to 4s lOd. to ss. to ss.' 2d. to ss. 4d.; Waihi Extendeds sold at 6s. 9d. ,

', . ~ , Ounedin, Juno 18. _ Stock liicliange ealaa: Waihi Grand Juno-' tion, .£2 6s. 3d. (throo parcels). Sales are reported of Waihi Grand Junction, options iSI Is. 3d.; Waihi,Grand Junction, £2 Gs.'ad • £2 6s. Gd.,' and i! 2 7s. 3d.