MINING NEWS.

Dominion, Volume 3, Issue 714, 13 January 1910, Page 8

MINING NEWS.

. WELLINGTON MINING . MARKET.' ' Good . business ' was done > yesterday in. a. • limited number of -shares. Old Hauraki. advanced.a penny,at each.call, Talismans* were slightly dearer and closcd firm, Waihi ' Grand Junctions , were steady, . New .'Syl-., vias are now Quoted ex rights,' and the •price a Blight advance. . The transactions ,• recorded yesterday .wero as under:— >■ Old Hauraki, 4s: 5d., 4s. 6<1.» • 4a. 6d.,45. ; 6d. (first call), '4s. 7d. • (second call), 4b.'Bd. (third, call). . 1 . Saxonj Is. 4&d. (second call). Talisman, 40s„ 40s. 3d., 40s: • 6d., .40s. 6d. (first. call). - ' Waihi Grand* 355. 3d." (sec'ond call), 355. 3d. (third call), v' - • - ' Consolidated Goldfields,' 18s. (first call). Hoss GoldfleldsV Bs. (third call),. ' QUOTATIONS. ; .! The latest quotations, \ritti last-recorded sales, were as under:—,, • . Buyers. Sellers. Sales. £b. d. £s, d. £b. d. Dominion r- /• 0 0 .3 — — Kuranui . — 0 1 0 ' — Kuranui-Oaledon'n . 0 1,1 .0-1 3 ' . — May ! Queen: f 0 3 8 0 3,9 — • Mountain King .... — 0.1 OV — N.Z.. Crown 0 5 8 0 511 — " ' New • Sylvia, 0 3 9 ,0.-3 11 : — • • Old Hauraki '0 4 7, T 0 4 8 0 4 8 Saxon 0 1 4.01501 4S Tairua Broken Hills 0• 1 2 0 13 '— V: Talisman ....!. 2 1 0 21 6 2 0 6 Waihi 914 6 915 G . — ; ' Waihi Reefs 0 3 6 ' * . Waihi G'd Junct'n 110 0 115 3 115,. 3 Golden Bed 10 0— — ' Con;. Goldfields 018 0. ti 18 6 018 6 New/Alpine (paid) — o.' 2 0 — New Big River • — 2 7 6 —' Progress ......v.; 012 6.0 13 3 ' — Ross Goldfields .... 0.8.0 0 8 6 0 8 0 — STOCK ( EXCHANGE. i \{By ' Telegraph:—Press Association.) - > • Auckland/ January 12. This morning's sharemarket sales included:— .. . •, .. New Sylvia,(ex.rights), 4s. 6d., 4s. 3d.. 4s Waiotahi,-ss. >. . Old 4s. 9d.,. 4s. 8d„ 4s. 9d. : Komata Reefs, 6d. * ' Tairua Broken Hills. Is. 3d. . . \ Talisman, 40s. 9d., : 41s.' - \ ' •% » Old Alburnia'(paid), 25./ Reafß Consolidated, Bs. • Auckland Gas, 3025: 6d. . 8.5.C., 35." ; '• .' . Milno and Choyce, 20s. 9cL. . • . • • . The following business was done at the afternoon call, to-day:- , . '™ Old Alburnia (p.u.), Is., Is. Id." Saxon, Is. Id. ' • Waiotahi, ss. ' : Golden .Pah, 4d. ,v . . . • Old Hauraki, 4s. 8d„ 4s. 7d. . New Waitekauri, ijd. Tairua Broken Hills, ls. '4cL • New Sylvia (ex right's), 4s. .. •■>.■ ' Waihi Ozand Junction, 355. 6d. u Talisman Consolidated 415.-9 d. New Zealand Insurance, 775.. . Auckland Gas, 3025. 6d." . Northern Steam .(p.u.), 12s. 3d. Milno and Choyce;. (prof.), 20b.'7d. - _ ' Duncdln, January 12, ; Stock Exchange sales:— - Old Hauraki. 4s. Bd.,'4a. 9d., 4s. 9d 'to So., 4s. Vd. 1 ■ , Talisman'.Consolidated, 405.. 6d.' Waihi Grand Junction, .345. 9d alißman Consolidated (forward' delivery) . Sales reported:— . j Tasmanian Copper, 6s. Wellington. Gas (£6 15s. paid), £14 National Insurance, 27e. 6d, ! Trustees. Executors, £2, ICoputai, 265. Old Hauraki, 4s. 9d. Talisman Consolidated, 40s. 6d.' •

SPECIMEN STONE •I>T TIIE--OLD ' lIAU--KAKI. • . • (By Telegraph.—SDCcial Auckland, January 12. The manager of the Old Hauruki mine telegraphed this morning that lio had secured another. 601b. of specimens in tho ri&a from tho 400 feet level, leaving gold still showing. This makes 5501b... of specimen stone ' and 101b. of picked stono secured in the rise sinco its commencement, in addition to this 31b. of picked stone, with gold still showing, has bosn sccured in the winze, which is being sunk from tho 200 feet level immediately overhead. Some 2151b. of specimen stone and 101b.- of: picked stone, together with 21 tons of general ore, were crushed on December 23, giving a yield of 4790z. lldwt., valued. at £1456 12s. 6d. This accordingly leaves 3351b. of specimen stone and 31b. of picked stone-now in hand. A distance of about 25 feet now separates, tho top of tho rise and the bottom of the winze, and as soon as this has been penetrated btoping will bo commenced.' The fact of. the Old HauraUi mine getting picked stone in the winze is of importance, as it shows that tho reef is improving in valuo'at depth. The mine generally is looking well, and further hauls of stone may reasonably bo expected in tlip/ near future. NEW COAL COMPANY. The Waipa Railway and Collieries, .Limited," with a - nominal capital of £80,0C0, was registered in Wellington yesterday, and shares-allotted. The company has been formed to work coal deposits .at Te Akatoa, in tho Waikato district,' and-'it, promises to be successful; 'The managing director is Mr. W. M. Hannay, and tho directors are Messrs. T..-S. Weston, Chas. Stewart. H. G. ,Williams, Goo. M'Hattie, arid Dr. Prendergast Knight. The secretary is Mr. H.-.D. Vickery, and the:office of the company is at 41 Ballance'Street. 'THE REFINING OF GOLD AT. WAIHI. The up-to-dato methods in . vogue 'at the Waihi Gold' Mining Company's reduction works are illustrated oy a shipment of gold/ from their refinery, which has just been made,' and which i constitutes a record for purity for the company, and probably for the whole mining. ,world. Some of the bars, weighing IOOOoz. (fine) are absolutely-pure gold, while none of them fall below 99.95. per cent, of pure gold. .The metal is/produced by the improved electrolytio process recently installed by. the company's metallurgists, which i 3 not Only, a conspicuous metallurgical success, but is" also highly advantageous from a •commercial point of view.