MINING NEWS.

Dominion, Volume 5, Issue 1276, 3 November 1911, Page 7

MINING NEWS.

WELLINGTON SHARE MARKET. The downward tendency of Waihis is having a depressing effect on the market, nnd the dullness is now very marked. The Martha reef lias, so far, not yielded values. and this is the cause of the decline. The sales recorded yesterday wore as under Victoria, 9Jd„ 91d. (second call). Vailii, 61s. 6d„ 61s. 9d. (first call); 61s. 9d. (second call); file. 3d., 615., 61s. (third call). Waihi Grand Junction, 335. 3<l. (third call). Tilo buying and selling quotations were as under Buyers. Sellers. £ s. d. £ s, d. Con. GoldEelda 0 15 6 0 18 0 May Queen — 0 2 6 Moanataiari 0 0 9 — N.Z. Crov.n — 0 3 1 New Sylvia 0 1 B 0 19 Saxon 0 16 — Talisman 210 0 — Waihi 3 0 9 3 1 3 Waihi Grand Junction ... 1 13 3 1 13 6 Waitangi 0 3 0 0 3 1 Watchman ' — 0 2 0 Workson Dredgo 2 7 0 2 0 0 Waihi Paeroa — 015 0

STOCK EXCHANGE. (By TeleeraDh.—Press Association.) Auckland, November 2. Business done at this morning's call of the Stock Exchange included:— May Queen, 2s. id. Moanataiari, llAd., lOd. Occidental, 7i, id. Saxon, Is. 6d. Watchman, Is. lOd.

liauraki lteefs (con.), Is., Is. Id. Taima Mines, Bd. Waihi, £3 2s. 6d. to £3 Is. 9d. Grand Junction, £1 13s. 6d., £1 13s. 3d. The following business was done at the 3.15 p.m. call to-day;— New Sylvia, Is. 9a.

Occidental Consolidated, Bd, Victoria, 9id. N.Z. Crown, 2s. lOd. "Waihi, £3 Is. fid. "Waihi Grand Junction, £1 15s. 6d, Auckland Gas, £3 7s.

Dunedln, November 2. The following sales were reported on the Stock Exchange to-day:— I'actolus, 45.; Waihi, £3 25.; Waihi Grand Junction, £1 13a. 4d„ £1 13s. 6d.; Milburu Lime and Cement, £1 19:.

WAITANGI CONSOLIDATED. The mine manager's report for tho week ended October 28 is as follows:—

The contractors havo advanced the drive a further distance of 43 feet for five days, making a total distance of 2706 feet. Wo are now driving through' a good class of country- The break still maintains its counse, and is running on the right hand side of tho drive. The stream of water, which was cut lost week, continues t« (low, but has no effect in draining tho water in the winze in tho upper lovel.