MINING NEWS.

Dominion, Volume 4, Issue 1022, 11 January 1911, Page 8

MINING NEWS.

WELLINGTON SHAEE3IARKET. A fair busiucss was done in mining shares yesterday, and values are now on a fair basis. The sales recorded were as , under.— • I H&uraki. Reefs, Bd. (third call). New Sylvia, .3s. 9d. (first call). j Saxon," 2s. Oid. (first callU ' Grand Junction, 30s. 6d. (second call). Tho quotations and last sales were as under:— Buyers. Seller*.' Salel £s. d. £s. d £s. dDominion — 0 0 2 — Ilauraki Reefs ,0 0 8 —. 0.0 8 Kuranui 0 0 4 0 0 6 — JCur'anui Caled'n ... 0 13 0 17 — Hay Oueen 0 3 3.0 3 6 — New Sylvia 0 3 9 0 3lt 039 Old' Hauraki 02 0 02 2 — Saxon 0 111 0 2 0 0 '2 CJ Tairua Broken Hills 0 12 0 13 — Talisman 211 3 212 3 — Talisman (new) 2 0 0 — . — "Waihi 1 5 4 0 5 6 0 — Waihi G'd Junct'n 110.3; 110 9 110 6 Waitangi 0 17 — — Blackwater —* 1 11 0 Can. Goldfields 019 3 10 0 New Big River 3 1 0 3 8.0 — . STOCK EXCHANGE. (By Telegraph—Press Association.) Auckland, Januaty 10. Sales at the morning call of the Stock Exchange included;— Saxon, 2s. Id. Ilauraki- Reefs (con.), BJd.

Prido of Tokatea, 2d. Devonport Ferry. £i l&s. Wilson's Cement (ord.), £1 2s. fid. New Sylvia, 3s. lCd. Victoria, Is. 3d. , Auckland Gas, £3 9s. fid. Tiie following business was dono at tho 3.15 p.m. call to-day:— Saxon, 2s. Id. Prido of Tokatea,-2d. Waihi, £5 ss. 6d. VTaihi Grand Junction, £1 ICa. 9d. Itising Run, 54. J.fay Queen, 3s. 4d. Occidental Consolidated,' 3*d. New Zealand Crown, 4s. sd. Brcmner's Freehold, 7Jd. Kauri Timber (con.), 15s. 9d. Leyland-O'Brien Timber, £1 7s. 3d. Duncdin, January 10. The following are Stock Exchange sales; lYnihi. £5 4s. 65., £5 4s. 6d., and forward delivery, £5 65.; Waihi Grand Junction, £1 10s. 6d. Sales reported are:— Nakomai Hydraulic, 165.; Wailii ,£5 4s. fid., £5,35.. 6r'.; IFhitcombc ar.d Tombfi, £6 65.; H.Z. Paper ilill3, £1 3s. 6d. THAAIES DEEP LEVELS. (By Telegraph—Special Correspondent.) • Auckland, January 10. • The fact that free goid is showing in 'tho small stringer cut in the tunnel being put in by the five companies interested.in the Thames flat is very important,' as it gives good reason to hope that if any of the knowu rcsfs are met with, and the tunnel at IOCO feet is proceeded with, they will be found to carry the gold down to that depth. It is estimated that the Cardigan No. 2 lode'should bo met with'in •the vicinity of the boundary between the May Queen and Saxon mines, and that is no doubt tho reason tho latter shares have advanced in price. In connection with the gold being, seen in the small stringer, met with at 10C0 feet in the southern end of the field, it is of interest to recall the fact that some years ago bores were put down at the northern end, with the result that excellent country was brought up in the cores at I<CO feet, which, when assayed, showed a value of about 14s. per ton. There is thus evidence of the existence of gold at both ouds of Thames flat, which augurs well far tbo future of.the development of the deep levels, by means of the combined crosscut now .being put in.