MINING NEWS.

Dominion, Volume 3, Issue 623, 28 September 1909, Page 8

MINING NEWS.

\) , ;. WELLINGTON MINING MARKET. : ■■.'. -I : Considering the duUrieW 'and the slumn in • ■somo.or the shares.'a fair business was done yes.' today.. May Queens,are advancinc asairf. New Sylvias are linn at a slißht advance.and Tairua ■Broken Hills arc mcctine with inouiry. The ■sales. recorded yesterday were as under— Madriland, Is. 2d., Is: 3d., la. 3d. (secand call). , Old/Alburnla, 13..1td. (first ca11)., ; ■•'• ; ; : Saion,'ls.'4!d. (6c'eorid call)'. Is. 4>d/(third callV ■Tairua. BroKcn Hills, ta. 6d..t;2a.-j63. /(second , ca11);,25.-6d.'(third call).- . ■■ , • -. : ;Waihi Grand. Junction. £2 10s,. (second'call). ;yaiotahi,Ss. (first call);.4s. sd: (thirdcall). ■■'■■' ,Con.,Goldfioldß, 195.. 6d, (first call)/-;' ':'■■'?. ;';."';'' ■'•:''.■'.. QUOTATIONS. .' ■''','". 'The latest quotations, with laßt-recorded sales • were as under:—/ ■':.:■■■..-' ..;■.. . .

■• s ;:' • AUCKLAND : STOCK- EXCHANGE.. . '■''•,.. ■■■ *./ ':'■■ (By*:Telegraph-Prcß3 j, Association,)'.,. ./_',', • ' l r> . : ', : - : ' ;; V' " ' ''• '-,"A«oklahil,-'SeDteiaber^'27l" ; ''" *;Bußiness .done at the first call:of .the-Stock' Exchange included:—. ■>■'-.; '.-•■• •.■- : '' May-i.ucen, 5a.. ss! Id. ■ , : Sylvia,ls. lid." . -:' i'.'*,':?" ;■.'*<%':' ','■' ■ ;■ -V : Point Russell, 10d./ Is; 6d.. ' •--:<■•','■■.: Waiotahl,'4s. lOd. to 4s. 7d.','.'.'- 4 '■• ': Watchiuai;-2s.- lOd. -' : ■'■■■''■ ■'-''■■■ •'.'.'.■' -.'»'■ . Hauraki,;2a: 10d; to'-'2s.'-.'M;(: : - ' -' : ' ' Pride of Tokatea, 10d.,t0 lid. - '■'" .: Golden -Belt !(pald)i,,la.-\'3d:,,la.'H;- ;'."■ -.-. '■-.';.' -, Maoriland, Is. -4d. ■■; :..■■;■'•; •'■■-..■■ ,-y : ,-Tainia-Broken'Hills, ' ' ' ' Talisman,'s7s. 3d. "■. .;.' . '..' > ■ Grand. Junction,'6os., 50s. 3d. : -Handswofth, lOd. ' ;■. •Waitaia,':ls. : 2d."' ; ■•. ■~.:. < Thefollowing. business waadone at-the/after-noon 'call to-day:- " ■ ;,v ... ■ ■ • , ■Magnet,' 6d., , -.: .'■"', "' .'May'Queen, ss,,''ss. Id. ' ■'•'•'" ■';'■' .•".■■''' . New 5y1via,'5a.,,55..1d., 55. : , 4a. lid. -' . .'Point BinSscll, 10d., 9d., B!d.'.. ■'- •'■ ;. ■ '. -Saxon, ; la. 4d.-\' ..•:.-''. ''•:'' • Scandinavian,' 4d. '■"'• '''''.•."''. ■ Victoria, Is. 6d/ '.' '■' :-Waiotahi,. 4s.'6d:, 45.'.5 d., . .'. . \- ~01d.:HMraki,'i ;2 5..6d.,:2a.'4d.;.25.3d.;.25; 4d.' •' ..Eoyal-Oak (paid)' 25.10 d.. (con.) 2s:-.5d.. 2s. 4dr , 'Golden-Belt (paid). Is.'2d., Is.- 1d.,;15.-2d.> ■ ■; ■ iKarangaliake,; 9d.- . " . •'.. ;.■ '.New-TVaitekauri; 3Jd. '■' '•'V "•■''" '■■■'<■' '■■'- • '' : '''■ ' • 'Rising':Sun,-M. ;- ; - - '.. .''". ...'•''. ; "Waihi^l94s„ i l93s.-"6d. ; ' ' V. "■■' ''■'■■»"''■ . 'Talisman• Co'n'sblldated, 565.- : 6 d. ;■• ■'■' ■:Wailil ,-Beach,-7d.' •' ■ ' '. Waihl-Consolidated,''4s.'6d. - ' '■ -• ■ ■ 45."6 d .: "' -■':.- jWaihifOrartd.Junction, 50a. 3d...-sos.'6d.' '";' ' Waihi.Grand Junction-Options, --26«. .-!■:-.-■ MonteUOhrintb,-51d.' - """"?• -.. , ~'..-. .' : .M°£ n tain King'(paid), lid,; iod/- . ' .'.,■•,;: -,- No.w : WaiHia (con.), :is. 2d.''- V" ' • ■-•'-"■ ' Pridooi.Toiatea/lOid. > '■ -Maoriland "(con.). Is. sd, ■ ..:. : : >•:■; ' Bonanza, Sd.'j-'. ■■"'.•', ... ~-.-, .iFour-iri-Hand, la.- I'd. ~..,.: s.'v .vHandswdrth, Is, ' ' '- ■'•* '■■-.-■, vßovonport, Ferry,,3ls. 6d. . ■■'.-''. .. Kauri'.Timber;(con.),. 155..1 id.•> ■,•.'.':.':'•:" :'. ~;-•'; .-.'.'-. /-DUNEDIN' EXCHANGE.'.: :"■.'''■. ; ;•_;;.,,;(B^Tcleßr;a'pa-PrcM..A»spcla : Jon:)v V ',; .' ■ '"'■'■ : ; -P"l«S'in.-'Beptembcr : '27. ■ The following ..ore to-day's,--quotations:- ■ . - - iJ"& A - gi nl iJj o^ o ? c<r!c ' b >y«« 3s>9d.,Vsollers £1, -sellers_.il ,45. ; 9d,;, Manuherikia,- sellers-' 125.: Molj'neui Hydraulic.-sellers 4s. ! 9d.;'Olric'.'buvcrs iff 6^-^ S' * R D I, Bh H •« 13s."dV; seilers -il6 ■ —'■• alore Bond - buyers 4s. 3d., -. afel- -•;.- ■;.- '. 'DEEfiGING. -:''• ' ; ' ■•' ..-(By.TolegraDh.-l'rcss Association.!-,'. '"• ■-ri u-- ; - '•'• ';■ -' Rccttort,' Soptembcr^27. ,-$PS' s r ? lu ™s'fpPactolus No. 1, 20oz. sdwt, for- 244: hours.;. No. 2, 530j.'.:13dwt. for. 221,houre• Worksop/'.4opj. 17dwt. for 120 hours.. ' ' ' •• \;\ '; ;.. , MINING -NOTES. ''.;' :'• " • King; T The' intermediate'level in- thp Mountain-King mine has been advanced 6ft for the week. The country in.still all that can bo desired for gold-bearing, reefs. The reef'hap been taken down to within 6ft. of tha-pro'sentlaco and averages from 6in. to 12in.-ih: width, and is itill producing high; grade ore.. At this point the-richest oro has,been.obtained sinco startine the Intermediate level, and when taken ' doWa 'E h ? J 4 .i lroa| S.'fJ l * ■""> «e»m» of gold well dlatrl. but.il ttaoiuh.thß ore, Tho.iecoad itops hat

been carried along ZSft'. from the main rite. The reef there averages from 6in. to.lßin. in width, and showed strong -colours and dabs when taken down. No. 3 stops..has. been started from the main riso and carried-along. sft.. Stripping will contlnuo till to-day,:when:thereof will-bo taken down. ■-. ■ • .•■■■•■ -..•-.• ■: . - -. Rising Sun.-Tho Rising-San-GoldMining Co.; Ltd.. has grantod an option over its property to Mr. Ziman, of London, in terms ■of which he is to float a company with a nominal capital.'ol £200,000,.. in- 200,000, shares' of £1 each; m^ 0 ""ma" a working, capjtalvof at least .eJO.OOO, -.the., present company to receive £30,000 in cash; or£3o,oCo fully paid-up Bharos in the new company..-. ■ '■ , ■ . . May Queen.—lri the May'.Queen' airto the coun-try-in.-lhe face has slightly ohanged,'becoming more, mineralised. . Thero is considerable speculation as; to whether-the reef has'been passed but % many are confident that tho lode is 'still atead. Quarts stringers passed •- through at tho 1000 ft. level wore: similar to those met- with- in No.' 9, some distance from the reef,''and, this londi colour , to the- belief that if the face is'pushed ahead success. will he attained. .

•'■ l ''- ] \ : i\' ■■' '".-■ Buyers. 'Sellers, i Sales. '■l--..v.-'- : .■'■■■•..• .-'•■' ---JB B.d..-. ;£s.d.-; ; £:-j.d.' .Bondiso .i;;...... 0.0 7*:0 0 9 — iDixon Consolidated., 0 0 7 iO'0'9' '.'—'' jDominion-..;....:...;..:;....... — .•,.'/■' o 0 - ' 6 "■'''■'—'' Golden Belt (paid) .....:... .0 ,1'0 0 1 3' ■ •'•— ■' golden Belt (con.)';......,.-OO-yi'v—'- — '. ■' ■ Halcyon.'...;....;..-...'. '. .; ■ — ' 0 .0'4 :■ Karangaha'lte......:. '.'..:■■ o 0 '6•.'. 0,0 '8 "i-- i ,'Kom'ata" Eeefa .........:.:... . \— i-oo a '"• — ■■ Kufanui :;..';..»....:.....'.... , ... : . 0. 1'0 0 1'3 !._ ; . Kuraniii Caledonian ....■ 0'l-7 -'0-l'9. — : May .Oueon'.;.;.',..-...,...,.,;.. 0'', 410 :''-0; 6'.'1>- ■"'■—': •Ma'oriland: -0,,1.1 -.■ 0 .14 -■ 0:'l '3 •Now.'. Sylyia.:.•.;..;,•..,.;.■...... 0:4,105 . 0;5 0 •■''. —:' Old Hauraki ...'...........'.... ■' — • • 7 > ',•— : -'. .Prido.o! Walhi ....,;.....;.—'''0''0 10 : —' ' Old 'Alburnia'-.,.'......;.._;„ ! —.."'"'-• ~'-:'■ 0 : 111 Eelianco .''—'.;. 0 0 5 — ' 'EoyalOak;'....:.:.,...,;.'..-..... . —•■ (12 6: ''"—■■■ Saxon A:.;-.,.........:..:-.... ; 0' 1;4, ' 0-1 5 '0.1 48 ' Tairua.Brolcon H;!!s',...'0 2> 5'.'0 2'6 '.'■ 0 '2' fi Talisman, ,...•..:...:..•.........;.• 2 16 3 .216*6' • -'; ■Waihi •'...a.....:....:..:....;...... 911" 6 -.'■■■-.'■• ;^.- ■Waihi .'Riteridcd .......:....•• •-. ■ 0'4 9 "-■' * TCaihl'Grand' Junction:.. K.,9 -fir- : 2 10- 0 " 2-10'" 0" Waiotahi :....;...;.;....;........' o<4'3 n-4 5'. 04' 5 ■ iWajtjPBi.:...-.',....- xv:.-r-; : : ■■■■ 0-3 7 ':■'->■. < WaWhman....; .'. .,....: 0-210 ...0'3 0'-' ''•-■;" !fllffcl(irotor r ..;.'...:..:.....■.,'... :.;-■: -;i 6'n ii- - ConV .Goldflelds'....,.:..:.... - '1. JO 19'6 0 19'6 ; Now-A'-r:nd (paid) ..:...'0 4: 6" . — • ;':■■ — y Now..'.li):no'(con.) ;.-..,;..;0- 4:3 ■..'.. :,,_•: ! New 15:? HHer- .......2 6,0' — ' — Progress '..-: ....:.. — ' -0 13',3 ''"'■—':' :Eoss. Qqldfirids '■...„...-....:... : —:. s* 0 14 1 " 0 ■•'' '— -. i