MINING NEWS.

Dominion, Volume 2, Issue 619, 23 September 1909, Page 10

MINING NEWS.

V WELLINGTON MINING MARKET. . Prices of most stocks broke badly Yesterday, and: it is evident that many weak] holders have lmd to sacrifice their shares. Mav Queens suffered a further fall, sales being effected as low as 4s. 6d. There was active business in Tairua Broken Hill shares at the lower prices now ruling. The day's sales were as under:— Kurauui Caledonian, Is.'9d. (second call). May Queen,-Ss. 3d., ss. 3d. (first call), 4s. l»d. (second call), 4s, 6d., 4s. 7d., 4s. 7d. (third call). : Mountain King (paid), 12Jd. (first call), > 1 New Sylvia, 45..4»d. (second call), 4s; 6d.-(third call). Tairua Broken . Dills, 2s, 7id.. 2s.- 7d., ,2s. 86.,\ 2s. 6\i. (first .call), 2s. 7s/, 2s. 7Jd. (second call). Talisman,'£2 17s. (first 'oall), £2 17s. (third call). Waihi Grand Junction, 50s. (first call), 49a. (second call),, 48s.' 6d. (third call). New Alpine (paid); 4b. 6d. (second call). Progress, 13s. (first call). 1 /- s' - QUOTATIONS. ■" The latest quotations, with<last recorded sales ,were as under:—.

The following is a-copy of a wire,. received from the Consolidated Goldflolds by the Wellington Stock Exchange, dated September 22:—A di.vidend of Is./ per share haa been* declared payablo, October 29, free of income tax, in Consolidated Goldfields, Progress mines, and Black.water mines. ;. r . STOCK EXCHANGE.':. (By Telegraph—Special r-OorresDondent.l ' , Auckland,- September 22. / ■ The following • wero -the principal'', Bales in minig lines to-day.—; k ■ ; • , Kuranui, Is. 3d. ' , v 1 : M&y Queen;. ss. to 4s. Bd.: to; 4s.'lod. to 4s. fid. to' 4s. 9d. • i New Monowai, Is. 9d., Is. fid. Now Sylvia. 4s; 6d., 4s. 7d. • . Old Alburma, 2s. fid. (paid), 2s. 3d., 2s. 2d. (con.). Point Russell, lid. . Saxon, Is. 7d., Is. Victoria, Is. Bd. Waiotahi, 7s i ;lod., 7s. 9d.,75. lOd. • Waitangi. 35.-Bd. • Old Hauraki, 2s. 10d., 2s. lid.. • Royal Oak (con.). 2s. Bd. - Crown, 7s. 3d., 7s. 2d. Golden Belt (paid). Is.Maoriland, Is. 2d., Is. 3d. Tairua Broken Hills, 2s. 7d. to 2s. Bd. to 2s. 6d. to 2s. 7d. • Talisman. 57a. 3d. Waihi, £9 15s. 6d. to £9 16s. to £9 14s. to £9 14s. 6d. .Waihi Consolidated, ss. Waihi Extended; ss. 4d. •to ,45.: 9d. ' Grand Junction, 50s. to-495.,t0 495. : 3d. to 495. to 495. id.- \ ; " —• (By! Telegraph—Press Association.!,.. • . . Auckland, September 22. business at the- first call . of: the.- sharemarbot included;— . Kuranui, Is. :3d. May Queen, 6s. to 4s.' fid. Sylvia, 4s. 6d;Saxon, Is. 7d.~ ; Waiotahi; 7s. lOd. . 1 Hauraki, 2s. lfld., 2s. Ud. Waihi Consolidated, ss. . Waihi Extended, ss. 4d. . ' : Grand Junction, 50s. to 495.. Crown, 7s. 3d.,'75. 2d. . • . , Kauri' Timber, 10s., ' , The following business was done at the after* ;noon call:—- ' ■ , • Bonanza, Bd. • \ Magnet, sd. May'Queen,.,4s. Bd., 4s. 9d. * » *' New' Sylvia, 4s. 7d. Saxon, Is. 7d. . • ' Waiotahi, 7b. ,10d. . r 5 - Old 'Ilauraki. 2s. lid. . New Zealand Crown, 7s, Zd. . Glamorgan, 4d. . • .New- Waitekauri, 4d. Tairua Broken IHlls. 2s. 7d. Consolidated, 575. 3d. Dunedin, September 22. :• . Stock- :Exchango sales:— ' Koputai; 20s. •. 1 May Queen, 4s.'9d. (two sales). ''Waihi Grand* Junction, 483. 6d. (two sales). ' Waiotahi, 7s. <sd, (ttoo sales).-• " - Sales have been reported as follow:— Waihi Grand Junction, 40s. 3d. Royal Oak (con.); 2s. Bd. • • • New Sylvia, 4s. 4d., 4s. -sd. • Watchman, 2s. 10d., 2s. ICd.,;2s. IOJd. ' I • Rißing .Sun, 37s.'6tL (two sales). National'' Bank, £5 18s. 6d. Hay Queen, 1&. 8d«

MINING AT-GKEAT BARRIER.

IBy TcltcraDU.-Bocclal Oorreaoondetlt.i ',■■;,. Auckland,' September 22. A party numbering about 30, consisting of directors, shareholders, and others interested in the Ngntiawa. Consolidated mino at Blind.Bay, Great Barrier, paid, a' visit to the property. Mr. K. Adams, the superintendent, conducted the party over the property, and it was learnt that the battery and aerial tram were to be ordered without delay for ,tho purpose of crushing a large parcel of ore from - the Ngatiawa' reef. The outcrop of this reef was inspected, also the adit Icvclr beneath, and tho stone in both places looks well. It is proposed to. work tho reef by "open cut," thus lessening the cost of winning the ore. 'The Old Sunbeam property and mill, which are' now: part of this company's property,- next received attention. It is intended to resume operations in this mine forthwith, and, should the results warrant, it,- the mill, with its cyanide nlant, will be removed and' added to the Ngatiawa battery and connection made between it and tho mino by aerial tram. Altogether tho viritors were pleased with what they saw, and as tno company proposes to carry on operations-in both mines the future of .this part of the goldficlds will be watched with interest.

Buyers. Sellers'. Sales. • ' £ s.d. . £ ,s.d. • £s. d. ' Bendigo .. .. 0 0 7 — • —" Dixon Consolidated — .0 0.9 — Dominion 0 0 45 0 0 6 — • Kuranui — 0- 14 — Kuranui Caledonian .... 0-1 7 0 1 10 0 1 9 May Queen 0- 4 6 0'47' 047 Maoriland 0 10 0 12 — Mountain King (paid)... 0 0 10 ' 0 l 0 0 1 Oi N.Z. Crown 0 7 0 0 7 1 — New SylYia 044-046 046 Old Hauraki —: 0 211 : — Hoyal Oak •. — 0 210. . — Saxon ' — 0 17 — -Tairua-Broken Hills ...0.2.-6 0 2 .7 0 2 7* Talisman '2 16 9 2 17 0 2 17 0 Taueiaro 0 0 7 0 0 U — "Waini ' 9 12 0 9 14 0 — . .Waihi. Consolidated \.../ — 0 5 0 ~ Waiai Extended 0.;4« 6 ' 0,410 •- Waihi Grand Junction . — 2 9 .0 2 8 6 Waiotahi 0 7 6 0 7 8 — Waitangi . 0 39' — "Watchman- — 0 -3 0 . — • Blackwater 1-9.0, - 1 - flon.. Goldflelds 10 6 110 — New Alpine (paid). 0 4 ,6 " — 0 4 6 . New Alpine (con.) ......... 0 4- 0 ' , — ,Xew Bis .River '. .2 5-0. —— New Ulster — • • 0 * 5 ' 6 *■«' — Progress - ; - 0 12 6 . —: : 0 13 0 Rons Goldflelds ~ . 015 0 —