MINING NEWS.

Dominion, Volume 2, Issue 555, 9 July 1909, Page 4

MINING NEWS.

ACTIVITY IN WAIOTAHIS AND OTHER ■ - 'c;,,. STOCKS. r (By Tolcgrophi—Special Correspondent.) Auckland, July 8, Tho share market was again excited to-day, especially' , in mining stocks. The Thames field claimed , most attention, the particular shares in greatest demand being Waiotahi, May Queen, and Kuranui Caledonian. The lastnamed-, two properties are in the vicinity of' tho rich run in tho first-named, and, moreqyor,. .the May Queen Company, has, decided to try and pick-up the same reef in ; its Moanataiari' section. ■ Buying-is by no means confined to the Tliames, however, the gonoral business done daily representing a turnover of • thousands of pounds. The principal ealos to-day were:—Kuranui Caledonians, 2s. sd. to 2s. 10d. to 25.. Gd.j May ..Queen, is.. 9d. .to ss. to 4s. 10d. to ss. Cd. to ss. 3d. to ss. 4d.; New Sylvias, 3s. 3d. to 3s. Id. to 3s. 2d. to'Ss.; 01d,Albumia, Is. Bd. to Is. 10d. (paid up), and Is. aud Is. lid. (con.); Saxon; 3s. 4d. to 3s. fid. to 3s. id.; Thames, Is. 2d. to Is. id. ; Waiotahi, 7s. 6d. : to Bs. to 7s. sd. to 10s. to Bs. to Bs. 9d. to 7s. ■td. to 7s. 7d.; Old Hauraki, Is. 4d. to Is. Bd.; Crown, 65.',2 d.; Karangahake, Is. 5d., ls.'fld.; Ma'oriland,'.ls. ;to Is. Id. to lid.; Tairua" Broken Hills, 25., 2s. Id. Y Tairua Golden Hills, 6s. 10d.; Talisman, 555.; Waihi, .£9 55. , 6d, .£9 65.; Waihi Extended 1 , fls.'ed.j Waihi Grand Junction, .465. 6d. to 4Gs. 9d. to 465. 6d.; Mountain' King, Is. Id. toi-'lsi 6d. Closing prices,' sellers and buyers:—Kuranui Caledonians, 2s. 7(1.', 2s. 6d-; May Queen; 55.5 d.', ss. 4d.; New Sylvia, 3s. 2d., 2s. lid.; Old Albnrnia (paid up), Is. 9d., Is. Bd. (con.), Is., 4d., Is. Id.; Saxon, 3s.' 5d., 3s. <ld.; Thames, , Is. 4d;, Is. 3d.; Waiotahi, 7s. 9d.; 7s. 7d.; Old Hauraki, Is. 9d., Is. Bd.;-Crown, 6s.' 2d., 6s.■'. Id.; -Karangahake, Is.' 6d.-, »ls. 5d.; Maoriland,. lid.,. lOd.j: Tairua Broken Hills, 2s. 2d., 25.; Tairua Golden Hills, . 6s. IM., 6s. 6d.;- Talisman, 555;, 5k 9d.; Waihi, .£9 65., £9 55.; Waihi Extended, 6s. 7d., 6s. 6d.; Waihi Grand Junction, 465. 9cL, 465. .'3d.; Mountain King, 15. , : 6d., ls.'-sd.-. ;■■" '■■'•;. ;';v;.' •' : : 1 , - ;: ;'v ,'.< ■ . ~\" ■ ' : 1 ; '■' ■ ■..■'■ . ' MAY QUEEN APTEE WAICiTAHI EUN. (By. Telegraph.—Press:- Association.) . ■'■■ '■■„: ; 'Auckland, July 8; ,The strong demand for shares in the Waiotahi mino; which. set in yesterday ■ consequent upbii the .reported find of 201b. of picked stono in the hanging-wall: rib of ■ the , reel at No. ii level, continued unabated to-day. .During the forenoon to-day a ■telegram from the mine manager. was-posted,- stating that'ho had. secured a further parcel of 401b. of picked stono. Business—Which: at the first call on Tuesday started at ss. 3d. and closed on Tnesday even-: ing'at 7s. 6d.—was done at the first call today at from 7s. 6d. upwards, with, some fluctuations ; and at '• the', midday. call sales woro reported to 10s. Thereafter prices eased, anc rose and eased again, the last sale recorded at the closing call-:being at 7s. 7d. Sellers dosed at 7s. 9d. and-buyers at 7s, 7d: V At a special meeting of the directors, of tho May' Queen Company, Mr. H. H. Adams tcpor'ted that, according, to a snrvey "made by Mr. E. F. Adams at'9'a.m. this _niornjng,i tho gold now being worked.in the Waiotahi is only 28ft. from the Moanataiari boundary; and.that point cpnld be leached by the May Qiiecn Company in about 55ft. of driving. The directors decided' that the work be done. : , ~-.:' ■" . ' [ EOCALITY OP THE PICKED ■' STONE. . (By Telegraph.—Press Association.) '■ '. . ' ■•'■-." ': Auckland, July 7. , Tho locality of tlio hew find is away towards the'•Moanatk'iari' boundary. ■ It is at the same level as the phenomenal run of gold that was got some years ago, but is about -800 ft; further oast. .An interesting' fact is that Waiotahi ;sliares on May 28 inefci were quoted by sellers 'at 2s. :9d., and buyers: wero only offering 2s. 7d. ; Taking the • selling price;' as the basis,- yesterday's closing quotations represent an increase on,the capital, value .of-'i>53.000. .At'the top, price touched .to-day (10s.) the, increase represented 'on capital value, compared "with May .28/ would,'amount\to....£B7,ooo. '~. ';,,/■- 'P : -\:j-' ■'■' .':■:.' TALISMAN,RETURN.':,-! ■; ' ',;' -.'.'-. , ,(By Teleeraph.—Prcea Association.) '.. ,; ;..i■.;■. '■ )HO •:,-■ r.v ■; Auckland,:'July-' 7/ : During tho month of June the Talisman' Consolidated'.crushed and-treated 4100 tons: of ore for:a' yield ,'o'f.i bnUi6h?: , ralue4..atr.il7j6B2, : l2s. lid. : This sltbjps.- a ■ small-:decrease'', cbmpare'd • with; the'.'■■retur'n--Tfpr;,.'Mny;: when ,3865' tons'; yielded' <ei7,Bi&-'Bs.-'' id;.'.' The >eturn ,: for •'■ June last-. year-- was- .£18,884 .fr'om'V426lf -tons.'.;-: .-The', costs for,'thevpast .month totalled- £1 .15s; Sd.; per ton,,mado' up as' follow:—Mine ■ development,' 10s,: Id.; mining,. 11s. 11b." Bd.;' : generalV expenses, 2sV ■ : . The costs' for ■ May amoMnted■.to.'. £!i .-lOs;' if 6d.;.per,:ton;.-., -TJie.-total-amount wbiifrom the mine-todateu .£1i013,210 9s. 10d. -,-: j:;. ': •■:: r,,i,:',;:}'\ '■•, -. ■ ■ 'I- DEEP-IUNiNG AND PEOSPECTINQ. ' ',! ,i (By'.Tolegrapli.^pec-ial'.ObrresDonaont.)". '■ •: ■i--|. /:' , ':i I :':'iV; ,'- ■■■: >"':/' "Auckland, Jnly 8. . , In an interrigs-,. Mr. J. J. Craig, a leading mining- investor, advocated a deep levels 'pumping shaft (contributed, tb>by ; the various companies, as at the ; Thames) both at Waihi and, at-Coromandei; to promote deep level ; mining. He abo urged the amalgamation of small companies; so as to provide adequato working capital and to savB I wasto..;He. thinks; that a prospecting company,- wi)th a; capital'of ;jEIOO,OOO, would.opeii up new,mines and bo a great success.- ' -.' ■ : / : t .v . . ■-.' :■■-..-'■ ',',■■■ " ":'-' ; . / ';;■" '; ; DUNEDIN EXCHANGE^.'_; ' J .•:■! ''(By-TeloEraph , .— l'resS' ABsodation.)' .;•■'"• •• ■ : ; •': ' ; .'' ■■■-.'■ - Dun'edl'n, July 8. ■ Stock Exchange"sales-:---Waihi"Grand Junction,'£2:ss., 9d. (two parcels); Golden Bed, 9s. 6d. Sales reported:—New. Zealand'• Drug, £2 7s.;' New ■ Sylvia, : 3s. 3d.; City Tramway debentures, .£9940 a. ':. ■ . .-, : .;-/-.-. : ;:... -. .