MINING NEWS.

Dominion, Volume 3, Issue 738, 10 February 1910, Page 7

MINING NEWS.

WELLINGTON MINING IIAEKET.. There was a tendency for prices to sag roetorday, p.hd Taliemans and Waihi Grand Juiictiqhe were both weaker, • but experienced ah incrcaacd volume of. business. Old lfauraki shares jvero silently firmer. The day'a sales wore as under-.— May Queen, 4s. 9d; (flrst call). ■ ■ ,N.Z. Orown, Is. 6d. (second call). -,' .- ' Old Hauralti, ss. 2d. (first call). sa. 9d., 55.. 9d., ss. 9d.- (third call). "■ • ■ . 'lalismah, 535. Gd.. 635. 9d., 535. ffirst call); 623. M., 533., 525. 6d., 525. sd. (second call), 51s. ?<l. (third call).' ■W'ttilu Grand Junction, 27e. 6d., 275. 6d., 275. 9d.i 275. 9d., 275. 9d., 27a. 93.-, 27b. 9d. first call),- 285.,. 275. 9d, 275. 6d., 275. 6d. (second call), 275. Bd., 27a. 71d., 2?s. 6d. (third

Saxon, Is. Bd.. (se'eodd call).

■ : • QUOTATIONS. : ' - ' ' '■ . Buyers. Sailors. Sales. „ '■■ ■ ■ ... £s. d. £b. d.. £s. d. Kuranui Caledonian 01 5 - - May Queen :... 01 9 0 410 0 4 9 Jlaonlaiid .......;.... 0.0.6 00 8 — N.Z. Grown .....; 0 4 0 0 4 4 o'4 6 Now Sylvia :„.... 0 J 7 0 3 9 . — • Old. Dauraki ....;...: 0 5 8 0 5-9 059 Saxon : '0. I 7 0 I 8 0 1,8 Tairua Broken Hills 01 0 — - Talisman :..... 2100.2 11 0 211 9 S a ;W'■■■•■ • 918010 0 0 -.' Waihr G'd Junct'ii 17 4 17 6 17 6 Xaitangi ................. 0 1 7 . - Watchman ...' ;...- 0 111 — —•' Con. Qoldilelde :.;... 017 0 0 18' o■■■ — I'rogreaß . 012 6 013 3 — Ross Goldflelds ....... -Ij 86' —' ■.

'.[■. ..'.' STOOk EXCHANGE. ' ' : . (By TeleKraDh.—Press 'Association.) . ' ■•.■•'." '... Auckland, February. 9. Business done on the Stock Exchange thia morning was: as , follows-.— •-■■' Saxon, Is. 9d. :. ,-: . . ,' Hauraki, ss. Id., Ss. Kapanga (c6n,l, Is; Id. Crown, 4s. Cd. ' ' •.'■• .. Talisman,' 545., 525; 6d. : .-.■' '"• ■ .' ; Grand Junction, 275. 6d.,"285.'.' ''■'■■■'■- Waihi, £10. . . . ..'■■■.- ■Northern Steam (cbn.)j 6s. 4d. ; Kauri Timber (con.), 15s.'6d. Auckland Trams (ord.), 225. .': '. , Wilson's. Cemeut, «s; . . . : Tho follo\ying: business was done at the afternoon call:—. . .." . .'• ■','.■■-. May Queen',-4s. 9d. ~ - ',■' ■..-:..;.' -.- ■ !:.'. Waitangi Consol, Is. 7d.■',-'-■■. ■: ■ Watchman, 2s. 2d. ■'■■..,,...--. ... ■'• •.'; •'. .:' . .

~ pidjEauraii, sa. 2d., ; :55; 9d.,:55. iod;. ssi U'd.i',6s..sd.,- 6s. Id., ft.-'2<J.,--.6a., 5aV lid. ; ' ; ;■ Ngatiawa, 3id;,: 3d. . ,-..-. .-. .■ ■-. Now Zealand- Grown, : 4s. 6d. ': ■ '•••• '. i Thoenis, 4d., sd. •.,.. -.'■■■■' ~ :" ':> ; Talisman Consolidated, 525. 3d., 525.- ."; ■ .Waihi, £10.,; ■■-■■. :,.y- ...■;■■!•.'■ . ■ . : Dixon's. Cpnsblidatodi 3d..; :■•, ..:-. ,v ;. 'Waihi Grand Junctions; 28s. 3d. '.' : : New. Zealand Insurance,'74s. ,'■'■'■ ..- ■',■.', New Zealand , Cement, 41s. 6d. ' ■ Wilson's Cement (ord.), ,465. .•: : ::. . '.■«:.; :''■' Dunbdin,. February .'9..'. Stock Exchange pales :—',. ' -■■■•• Old Hauraki,' ss. Id;,- ss? Bd. .:';'; ' -.••■ Talisman, ! :£2 : l3s. 3d. ■:->-."■■'■' ' V , :■ .■ Waihi Grand Junction, 275.-6 d.'i 28s. (three parcels). , -' ■',- '•:■■ : ■ Muddy Terrace, 235., 225. 9d. ' '■■: •:. .'Rales reported:— ..■•'■■•■ : ■.-.'• National' Insurance, 265. '• 3d. .-' ■ •" -. Westport-Stookton, 7s. 9d.',: • '■ , '• ; -D.1.p..-;(pref.);-. 225.-.. ! '-. V; ,';'• : : ' >:, "'•; ■":':

, ■ V -MINE -MANAGEES'; EEPOETS. . ■~.., 'The manager of the Aororo Hydraulic Sluicing Oo.,: Ltd., reports a further, return: of 150z.,. malting "a total return' of 3110 Z ., •••• ■■.'• ■ ■ ■';'•■ ; r. -,v. ■■-'.:.■ .■•■;■: '

: Old Hauraki.^-Most. ■ of. the. past week was.occupied with- putting.-, in a. pasa and l timbering.-, In ; squaring ..out the: eeaward: end .of ,the - rise,. 3Mb:' of specimen stono ■ were got, with fold still showing.' At'that point the:•manager has startedVdrivingseaward, to get,clear of the winze, and enable him to continue, the rise in solid country. .The reel' continues toi be ,'a stronger-body of ore; looking as ..well ae it. has ever- dohe. , ' About 6ft; , have been, driven on the'new reef at the 3W)ft. level. This,{the manager belioves to. be:the now reef. : - Jt has now opened out'to over.six inches in , :width: Another eight feet of driving should roach over the point in the rise where.the sold.is beinE won:. The leader. looks.promising,' haviue- the samo characteristics as tho orey-in. tho riee. Jitoping on the.Ureen Uarp'reel; : Vila proceeding, .and.five pounds..of.'picked Btono were got from 1 Ho.: 2. st'ppo, with' gold left showing.', Driving, south has been' resumed 'on the reefV'-wliicli is'a strongbody of ore. Tna gold, won livet :montU was worth:;£«B6 Is.- sd.' : -v- v -:-: ;, - ' : ~:■. Eoyal ■ Oak.—The - riee -on ,the : hanking ''wall , * leader''ought-to-make- gold; at any. time, •■- as . some ■ veryv nice mineral heads are showing. - ■ Tho reef ;iri. the. winze. beloivlNo. 6.level is 8 toil? inches wido, and looks .very kindly, but, only a few .pieces of. stono wero got,/showing stroriE : colours .of. gold.. "KißinK is' proceedine on tho, large, now .reef .cut in.No.'6 lsvei,;,where' a. little waß got;' .'":'": ■": -,■.''';".'■■- '.

Maoriland.—The winze -in tho north drive on the .iTounff New Zealand reef is down 20ft. For that distance gold-bearing stone has been seen ;in every truoit 'of. stone mined.; The gold: :ia -• well, distributed throughout the reef; . The'.width of tho crushing oro taken,out is 4ft., leaving an unknown width in- the ■ fpotwall.-'::::(iold-bearing ■ seams, mineral,',. and,. subliides come- in from, tho'hangingwall, and , pass through, the,winze into, the footwall. !At tho ; intermediate Ibvel. ;56ft. ; up the riiso,Btoping ria in progress, on the south side, Tho ore" cominpr to'hand is lookinß much bottor, gold being seen more freely in the ore broken. ' . .-.. ■' ? '■■■.; ..-.-. " ' •;■

:,New r Waitaia.—The,ore.from.the blow;at No. 5 level has improved in appearance, showing' nice dabs and Btreake of.'cbarso gold. It is easily . the'.,best' stone,, and should ■ shape better than any previously obtained from , this:point.. The Quartz also crushes much inbro freely, than'tho general '.'run,-of dirt here. : Two; small■'charges .of climes.(B ton's each) are. undorgoine, treatment in the agitators, and as far as ono can judge; thiß ; mil bo'■' tho only eatisfactory way they can be dealt \yith.' The contractors -for:tho low lovel -have: driven. <Bift.: since■ resumini; work, inakine' a total distance. of327Jft.; the country, is firm but fairly good, shooting:ground... ■ .. ._ ;;.

~■-'-: BHAEES:AKD'DEBENTOEEB.^ V ;,; By Telegraph-Press Association-Copyright!

.'. ■~.,'.;, v Londoni..February 8. i '.'Following : are-the QUotations T :for' bank sharos:—Australasia, •buyerpii£ll2; sellers £113; New, South Wales,. buyerß.£4B 10a.', sellers £49 10s. ;' Union, buyers £64, sellciu '£65.v/ •"■;..■'• ■,■■■•■■ ■■-.-. V : '>..:' • >r:i-

-:, New Zealand Loin and Mercantile ' debentures, £96 ss. ■■;-, ■.'.-■'■ ;■■. . /.:■ ;' •:. •.-..

'Customs revenue collected at'WellinKton ycstorday;amounted : to.£79s3 13s.7d;' •-.. '