MINING NEWS.

Dominion, Volume 4, Issue 986, 29 November 1910, Page 8

MINING NEWS.

WELLINGTON SHARE MARKET., . The mining market is sluggish, and it would almost seem that deliberate and mostly successful efforts are mado to bring down any shares that should, by reason of favourable mine developments, advance. N.Z. Crown w?.s reported to havo struck payable quartz, and the shares ■•••ere in demand in the morning at 4s. 6rt.; in the afternoon they were Fold at 4s. 3d. Waihis opened well; but sellers came in, and the shares went as low as £5 19s. 9d. A dividend of 4s. is due on Thursday, so that. the quotation is really £5 15s. 9d., the lowest for many years. The sales' recorded yesterday were as under:— N.Z. Crown, 4s. 3d. (third call). Waihi, £6 (first call), £6, £5 19s. 9d„ £6 (second call). Waihi Grand Junction, 31s. 6d; (third call). Watchman, 3s. (third call). Occidental. 4d. (second call). Now Big River, £3 Is. (third call). Boss Goldfields. 2s. 9d. (second call), 2s. Bd. (third, call). The quotations and last sales were as under:— Buyers. Sellers. Bales. £s.d. £s.d. £s.d. Bremnor's 0 0 7 0 0 9 — Hauraki Reefs - 0,0 7J - Kuranui — 0 0 6 — ICuranui Caledn'n o<ls 017 —. May Queen 0 3 5 0 3.7 — N.Z. Crown —" 0 4 6 0 4 3 New Sylvia 0 3 9 0 310 —' Occidental 0' 0 3 0 0 4 0 0 4 Old Hauraki 0 111 0 2 0 — Saxon 0 16 0 17 - Tairua Broken Hills 0 12 0 13 — Talisman ....;......: 212 6 212 9 - Talisman (10s.) ..... 119 6 — • — Waihi 519 9 6 0' 0 6 0 0 Waihi'G'd Junct'n 111 0 111 6 111-6 Wmtangi/ — 0 19 - Watchman ' , - 111 0 - Blackwater — 1 11 0 — • ■ Con. Goldfields — 10 0 — New Big River ... 3 0 0 — 3 10 Progress ...• ' — • 0 12 0 —' • Ross. Goldfields .... 0 2 7 0 210 0 2 8 .. STOCK ' EXCHANGE. .(By Telegraph.—Press Association.) Auckland, November 28. Business done on''Change this morning: . Saxon; Is. 7d. ;•'■•- •• Watchman,- 3s. 3d;, 3s. 2d. ' Ross, 2s. 9d. Hauraki Reefs (con.), 7jd. ' Crown, 4s. Bd. to 4s. 6d. Waihi, £6 3s. to £6 2s. , Waihi Extended, 2s. . Grand Junction, £1 "lis. 93., £1 lis. 6d. The following business was done at tho .3.15 p.m. call to-day:— ,'■■•-- May Queen, 3s. 6d. ' '■' ■ Occidental Consolidated, 41d. Ross Goldfields, 2s. 9d. N.Z. Crown, 4s. 6d., 4s. sd. Handsworth, 51d. New Waitai (con.), Bd. Watchman, 3s. Waihi 'Extended, 2s. 2d. Dunedin, November 28. The following soles were reported on tho Stock Exchange to-day :— May Queen, 3s. 6d. Milburn Lime and Cement, £2.. „ Tho following are tho Stock Exchange quotations:— . Dredging stocks:—Blackwater, buyers Bs., sellers 125.; Electric, buyers Is. 6d., sellers. 2s. 6d.; Hartley and Riley, sellers 125.; ■Island Block,, buyers:; 65.,' sellers 7s. 3d.; Rising Sun, buyers. £2'2s. Mining :—Ross. Goldfields, ■ ; sellers 2s. 10id.; Consolidated. GoidfleUs, sellers £1 os. 6d.; May Queen, . buyers 3s. , 4d., sellers 3s. 7d.; New Sylvia, buyers 2s. Z9d., sellers 3s. lid.; Old Hauraki, sellers 25.; N:Z. Crowns, sellers 4s. 5d.: Watchman, buyers 35., sellers 3s. ljd.; Waihi, buyers £5 18s. 6d., sellers £6 os. 9d.; Waihi Grand Junction, buyers £1. 10s. 9d., sellers £1 Us. 6d. . Investment stocks:—National Bank, buyers £5 16s. 6d., sellers £5 195.; National Insurance, buyers' £1 145.; tF.S.S. Company, buy<yrs £1 16s. 3d.; Westport Coal Company, buyers' £6 175.; Westport-Stockton. buyers 7s. 3d., sellers Bs. 6d.; Mosgiel Woollen Factory, buyers £3 65.; N.Z. Drug Company (£2), sellers £2 10s.; Consolidated Dental, buyers £1 Is. 9d. NEW BIG RIVER. / (By-Telegraph.—Press Association.) ' Reef ton, November 28. ' New Big River return:—soo tons of stone crushed. for 701oz. 7dwt.; li!\ tons of sand cvanided for 70oz. 7dwt.; estimated value, £3020.. , ' WAIHI GOLD-MINING COMPANY. IBy Telecraph.—Press Association.! Auckland, November 28. The local direotor for tho Waihi Goldmining Company (Mr. Ohas. Rhodes) advises that tho following cable has been sent to London:— "No. 9 level, Edward kide, south from the perch crosscut; crosscut at 100 ft.; last sft, £13 3s. 6d. per ton. Martha lode, south section, west of No. 4 shaft; cross-' cut 17ft. driven, £2 7s. per ton. Crosscut south from Royal lode (Reptilo crosscut); new reef 20ft. driven, £1 7s. per ton; The width of the lode is about 2ft."