MINING NEWS.

Dominion, Volume 4, Issue 1152, 13 June 1911, Page 8

MINING NEWS.

WELLINGTON SHAEE MARKET. A fair business was done, but the market displayed a weaker tone at the close. Talismans, Waihis, and Grand Junctions ivere weaker, but May Queens wore inclined to firm. The day's sales were as under:— Jlav Queen, Is. lOd. (third call). Ncv,- Bis Jiiver, 78s. (first call). Tairua Mines. Is. lid. (Jirst call). Is. lOd. ;third call). Talisman, IBs., 475. 9d. (third call). "VVaihi. 60s. 6d. (third call). Waihi Grand Junction, 265. ljd. (second :all), 255. 10id. (third call). The buying and sellinc quotations were is under:— Buyers. Sellers.

STOCK EXCITAXGE. <Ej Telosraph.—Press Association.) The followins business was done at the .15 p.m. call to-day:— Me.y Quocn, Is. lid., 2s. Isow Sylvia, 2s. 9d. Oi.-cidciit.il Consolidated, 3Jd. Saxon, Js. lid. Tairna (Jolden TTills, Is. Talisman Consolidated, £2 Bs. Wnibi, .C 3 05. 6(1. Vi'uiiii Grand .Inaction, £1 6s. W'aiotnlii, 2s. sd. Dtinoriln, June 12. Tile foUawinc: sales wove reported on lie Stock Exchange to-day:—'U'aihi Grant! unrtioti. £1 6s. (two parcels); May Queen, s. LCd, >

Ta!i~it:an Consolidated, £2 Bs. Wnilii. -C 3 05. 6(i. Vi'uilii Grand .Inaction, £1 65. W'aiotnlii, 2s. sd. Diineriln, June 12. 'I'ilo foUmvinc: Ealos were reported on Hie Stock ExHinnge to-day:--'Waihi Grand Junction, £1 65. (two parcels); May Queen, Is. LCd, ■>.

The fallowing arc the Stock Exchange fjimiuticii*:— Dredging stock?: JClcctric, buyers 2s„ .toilers 2.-. ?•!.; Hartley nnd I'iloy. roller?; 16:=.; 'Jtj>iery Flat, buyer* 5: ; . 3d.; Jlifo and Shine, buyer.; .€1 17k., idler:- £2; Jtising »Sun, buyers £i 18-. C± Mining htork.v; Consolidated Goidfields, f-cl-letv J7:«.; Jvt:rn rmi Caledonian, rollers Ik. Zil.; May Queen, buyer? l.s. 6Jd., scltorg Is. lid.; New Zealand Crown, .seller;; 3s«. sch; Talh;min Consolidated, buyers £2 Bs., sellers £2 Bs. td.; Waihi, buyers £3. sellerc* £3 b\; Waihi (iranci Junction, buyers .£1 65., sellers .€1 6s. 6d. Investment. Flocks: National Rank, buyers £6 Ce. 6d.; Bank of New Zealand, fellers £11 18>.; New Zealand Tnsur.m'-e, buyers £4 Bs.; South British Insurance, sellers £3 10s. 3:1.: Standard Insurance, buyers, .£1 9s. Cd.: Miiburn Lime ami Cement <£li. :cller? £2 Os. 6d.; Mosruel Woollen Factory, buyers £3 9?. Cd., pollers «£3 11 ;5.; New Zealand Paper Mills, sellers £1 l.vGd.; Nov.* Zent-ind Portland Cement, sellers £1 145.; New Zealand Loan and Mem: utile, buyers Ics. TALISMAN CONSOLIDATED CO. ANNUAL BALANCE-SHEET. NET PItOFIT, £1C0,471. (By Telegraph—Prose Association.) Auckland, June 12. The following cablegram has been rccoivcd from the board of directors of the Talisman Consolidated Company by the local ottice "Report and ba!ar.ce-?heet will bo circulated on June 12. The accounts show a grcss profit of £112,7C2 and a net profit of £l';£)/;7i, after allowing for taxes and depreciation. There was • brought forward, after allowing for the spcci.il bonuo dividend, £23,177. The amounts of the dividend paid during the year totalled £11'0,447, leaving £23,201 to be carried forward. "The expenditure on machinery and plant during the past three years amounted to £80,CCD. t and after allowing for £SCCO depreciation provided out of share premium, and £2762 out of profit and loss account, there is a cash balance of £35,443; bullion in transit, £25,729; new share issue calls outstanding and not due, £14,515; share premium account balance after allowiug for above depreciation (£5000), £6613; nundry creditors, £10,131. The estimate of reserves of ore as at February 23, 1911 (on a conservative basis) is 49.703 tons, average value of same, £6 os. sd. per tou." DREDGING. (By Telegraph—Press Association.) Dunedln, June 12. The following dredging returns are reported WaifcaKa United, No. 1, 2Coz. 8 dwt.; No. 2, 150z.; Trafalgar, 14oz. Sdwt.; Golden Sun, 230z. sdwt.; Kuranui, 390z. 4 dwt.; Worksop, 440z. 4dwt. _ . Rcefton, Juno 12. Reefton dredging-.-Pactolus, £6oz. 14dwt. for 124 hours.

£s.d. ,0 f. (I. Maclavator ~ 17 9 ftremner's 0 0 2i 0 0 3$ Jon. Goldfields 0 16 0 — Kapanpa 0 0 6i 0 0 8 \uranui Caledonian — Oil Way Queen 0 1 10 0 111 W.v Bis Kivcr 3 18 0 — S'ew Sylvia — 0 2 9 Did Hauraki — 0 2 4 'rogrcss 0 10 0 toss .0 1 9 0 2 1 inKOii 0 18 0 1 10 rairua Mines 0 1 10 0 1 11 L'alUnian 2 7 3 2 7 9 IVaihi 2 19 9 3 0 6 IVnihi TCecfs — 0 1 10 Vnihi Grand Junction... 15 9 16 0 Vuihi Vaeroa 0 10 3 ~ Vaiiiniri .0 2 0 - ratehrian — 0 I 9 The "Wellington Stocl? Exchange received he following telegram yesterday from he IVorkFop Drcdeing Company"C1oz. dwt. for 90 hours."