MINING NEWS.

Dominion, Volume 3, Issue 915, 7 September 1910, Page 8

MINING NEWS.

■■■'..'■'■'.■'WiE'LilS.GTqN '■SHABmiABKET.'' The market was'exceedingly quiet ■. yesterday, and thoro ■ were -very few transactions. . W-aihis.gavo promise of improving, and a sale.,was made at £7 at.the midday call, but in the;afternoon they exhibited a weakening . tendency. .Talismans wcro firm, but there, wore no transactions;, tho Eights sold up to 215.„ 10d.., Tho sales recorded yesterday were as under:— Old Hauraki, 4s. Bd.. (first call). .Talisman' Eights, 245. 6d. (first call); 245. lOd. (third-call!.. •" Waih'i; £7 (second call). ■ '■-',-' Buyers. Sellers. Sales. ::' .:'-;;:. ' £ s.d. ;;£.s.d. £ s.d. Kuranui .:........... — JJ {> ~~ Kuranui Oaledn'n... -.— -.' 0 r 7 ,' — May Queen ............ 0 3 9-0 3 11. ■■ — N.Z. Orown .: .'■'' -.046- — . New -Sylvia 0 3 9 0.3,11, - Old Hauraki ■'........... 0 4.5 0 4 6. 0 4,8. Saxon .....'...; '..:... '.0 1: 5 .0 1,6 .-.' — ■■'. Tairuaßroken Hills — -"•' 0:111 ■ — Talisman •'...... 211 '3 212 0 ' :— . TaUsman Eights ... 1.4 10 1 s'. 0 .-1 410 Waihi' ....': .:....... 6150 .6 18. 0 70; 0 Waihi G'd Junct'n ■ . —'.-. = 117 6< ■ — ~ Waitangi'-". ....;... 0 2 2 .-.'- - : > - - - - .Watchman .:... 02 9 — .'-..-. "■—' Blackwater ■— ':. 114 0 .-. —. Con. .Goldfields;.-.... — ■'" ,12-0 . : - , Progress .......... ::..... 0 12 6 V — — Boss Goldfields ....V.O 3,r. 0 3 ,4. — ;"'■;;: "stock'exchange. •..'. '■ ■■■ . : : (By' Telegraph.—Press .Association.) ■...:■■■-. s: v.-i .'Auckland, September 6.f N

'.Sylvia,-3s.- lOd. ./Watchman,. 2s; '9d. t0:25.:;11d.-'; ; ' '/ ■'■ • Old Hauraki, 4s. 6d., 4s. sd. ./ ..-• , Talisman,- 525. 3d. ■.:' ■ Waihi;:£6.183..t0.£7.25. -• Grand, Junction, £1 17s. 6d;, £1,175. 3d., ~T)pvonport Stea-m,-£l 15s. 6d.". ■■■■■■■'! i New Zealand Portland. Cement, £1 18a! 9d. Wilson's, Cement' (ord.), £2 2s. 6d, . •-, ~■ : The following business was done at,the 3.15 'p'jri.' call;—'-'• ' Alburnia, 10d.' .>:.-■■ . 'Watchman, 2s; 9d., 2s. lOd. , ■'-..' : Mt. Zeehan.lcon.), 6Jd. ". Eocs Goldfiekls, os.-2d. '> / ', Old Hauraki, 4s;. sd. : :'■■'■ .TVitihi-,--£6M9s.-".■-•-■■■■':.'■'.':■.'■ /WaM.Grand Junctions;-£1 175.:3 d. v V-Auckland Gas,'. £3 9s. -;■: :; - .! Gisborne Gas,:£2 19s. iSd. ' Marks,: Turbine (p.u.), £1 9s.'. 6d. ,':, :. .:• /-■ ..''yDunodln, September, 6. /■ Stock/Exchange sales:—:. •' ./-Eoss'Goldficlds, 3s. . ...'. ' :. / Muddy. Terrace, 195.. ■ WaihiJ' £6 l?s. dd., £7, £6 195.,, £6' 17s. 6d. ' Waihi' Grand Junction, £1' 17s!' (3 parcels). : New'Zealand-. Paper Mills;'£l-3s. 9d. ■ Sale reported:—,:, . •.',■..-.. /, . . Waihi, £7 12s. (6;weeks' delivery). ■■•-.'

:,;.;,;!' eoss ; 'goldfields. ,-r ';/ ■: /NEW DIBECTOES: ELECTED. •;:. ; . ■;-'■ f.By.vreloErapta.-, I'resu Association.);. -.; •['•:.,..:: Hokitfka, September 6. ■;.A ■ meetins. of the directors of the, Boss: Goldflelds 'Co'., Ltd.; was held to-day. Mr. ■J. ■ Grimmond, ; chairman, presided, two other directors being present. -.Mr. J. Trent, one of the four gentlemen recently nominatedyin.Wellington as one ..of:!: the new directors; was .also in. attendance. VMr. Trent submitted various proposals in regard to;the financial arrangements . demanded ~b y the old .directors before;;retiring from' office.'•£#.--S! : -p"V '•■'£ '"V'v.rVi- ;:-/v } The advances)'of' made by each mdmbtr'sof;'■ the,old-board,'were.re-paid to - those-;prese'nt. .by/Mr. Trent v together with'interest;'V;',,:.- /:/' -~:/!;.; '■;',-•,■■ i Meßsrs.: J.: Trent and, J. ,'L; Preeman,-(bf, Ohristchurch','■■'• and W: 'Nathan' 'and: Dr.' Knight, of .Wellington—the four gentlemen who wore ■ nominated by the meeting of shareholders: held; at Wellington recently to fill the vacancies, of the board—were: elected directors. .. ■ Mr. Trent left here this evening, to confer with the other :newly-elected, directors in regard : .'to. a proposal-that has been submitted •: to him in connection - with the unwatering of the mine, which ; will .be proceeded ;with as soon as the..necessary financial matters consequent on the chango of management have.been: arranged. , ■ WEST•JCICUS'rH'COMBANIES. y;y.; ■ -.'.■;■; IBr' TeleEraph—Er.ess"■.Asso6]at'lon':i: ' '■' . .: , , V V\-''.,<;> ?eeftbni!-Septflmbei' : 6.-- , Eeefton 190z.,.: .'ll7 hours.■'■-•■■'--"i'. ".-■:■':":;.-' '•:' '■'..''■ ■■''■■' .'■.■"' ■

..New Big Biver reports:—No.."lo ..level: Beef, which'-was'-'cut'in the'No'. 10 ■ cross-' cut at the-end of July, proved six feet in width,-.but only ten' feet in. length: A' main level.has been-formed *on each sido of the crosscut, .and, on the eastern side, wo.have driven"46 feet on the reef track. At about'3o feet along this level: the'reef, made'to. six'feet in width, .but it has now cut out. Oh the western side of the cut on the reef track, 31 feet has. been driven; at -which point a rise is being-put up; and is. now at a height •of 28 feet. When-this rise connects with No. 9.branch winze, it 'will provide ample ventilation for No. 10 level, and enable operations to be carriedon extensively. The main crosscut has, also been extended a further distance of 12 feet without, any change; to report. The western winze, No. 9 level, is boing cleaned out preparatory to a con-: nection being . made .with No. ■: 10 rise: ■In : .liho; intermediate, level, ibetween Nob. .8 and 9 levels,. stone Has been . taken out from under tho'foot, and wo • aro now .'.taking along the slope over the level in blank ground. A return of 210 tons of stone has been mined, and crushed for 199 ounces inelted gold; 250. tons of sand'has been treated by tho cyanide plant for . 820z. : ,13dwt., of bullion; tho total values are about £985. The total amount'of concentrates in hand to date is 22 tons lOcwt. 251b.-, •:''■•'■. . '

';...'■ .:. ' COMPANY'TELEGRAMS. ...■ 'Cy.\ Tho following telegrams were received yesterday:.'by the: Wellington . Stock 'Exchangofrbm the companies named:— -New Big Itiver:—August return: Battery, 210 tons crashed for 1990z. melted gold; cyanidod.'2s6 tons; sands treated' for 720z. 13dwt. ; bullion. Total value about £985. Consolidated Goldfields:—Progress crushed 4436 tons, - yielding bullion value 1 £4738; cyaiiidcd 2730 tons, yielding bullion valued at £816; sulphurettes, estimated valuo£6l3. Wealth .of Nations: Crushed 1907 tons, yielding, bullion valued at £1976; cyanided 1792 tons, yielding bullion valued at £633.: Blackwatcr: Crushed 3250 tons,'.yielding'bullion valued at £7186, cyanidod 2029 tons, .yielding bullion valued at: £591..: . ~ Old Haurakir 301b. picked stone, sea-' ward stopes, 300 ft. level; 201b., seaward stopes, 400 ft. level. ■ .. WAlfil MINING SHAKES. LONDON QUOTATIONS. By Telegraph— Press Association—Copyright. .- ' London, September 5. The latest quotations for Waihi shares aro:—Buyers, 1315.'3d.;, sellers, 1335.-9 d.