MINING NEWS.

Dominion, Volume 5, Issue 1359, 9 February 1912, Page 8

MINING NEWS.

WELLINGTON SHAEE MARKET. A sale of Waihi Grand Junction at 26s 6il. sit the first call was the only transaction recorded yesterday. ■ The buying and selling quotations were as under:— Buyers. Sellers. £s. d. £s. d. Con. Goldficlds — 016 6 If.Z. Crown 0 3 2 _ Xew Sylvia 0 14 0 16 Tairua Mines 0 0 5 0 0 8 Talisman 2 11 9 2 12 3 Wailii 2 2 6 2 3 6 Waihi Grand Junction... — 16 3 Wniotahi — 0 4 0 Waitangi 0 2 4 0 2 6 The Wellington Stock Exchange received the following telegram yesterdav from the Talisman Consolidated:—January return, for the broken period of 13 ilavs, crushed 2920 tons for .£13.653 19s. 3d.; higher cost for past month attributed to heavy repairs and general annual overhaul of all machinery at mine and battery. Costs ffis. Bd., development 15s. 3d., mining 16=, milling 15s. Cd., general 2s. 9d. Sent London following cablegram :—Xo. 13 level south drive, progress 30ft., reef 30in. wide, values low; driving north off No. 6 winze from 212 to 236 ft., reef 3Cin. wide, assay value £6 55.; from 236 to 266 ft.. driving through Woodstock fault, from 266 to 269 ft., reef 18in. wide, values low; sinking No. 12 winze, progress lift., reef 48in. wide] assay value £18 7s. 6d. Paid tributors for ore crushed £68. Dividend Is. 6d., bonus 9d., payable February 28; books close February 14. STOCK EXCHANGE. (Hj Telegra&h.—Press Association.! Auckland, February 8. Business done on 'Change this morning: New Sylvia, Is. sd„ Is. Id. Saxon, Is. Woiotahi. 4s. Id., 4s. Mount. Welcome, 3d. Crown, 3s. 2d., 3s. 3d. Golden Cross, sid. Talisman, £2 lis. 9d.. £2 12s. Grand .lunrtion. £1 6s. 6d., £1 6s. 3d. New Wnitaia, lOd. Auckland Trains (ord.), £1 3s. 3d. (pref.l, £1 3s. 9d. ' • The following business was done at the 5.15 p.m. call of the Stock Exchange today :- Waiotahi, 3?. lid., 3s. lCd. Dominion, id. Waihi Grand Junction, £1 6s. New Waiinia, 9Jd. Waihi, £2 2s. 6d. Waitangi Consolidated, 2s. sd. Talisman Consolidated (cum div.), £.2 lis. 9d. Auckland Tramways (pref.l, £1 3s. 6d.; Auckland Tramways (ord.i, £1 3s. 9d. Duncdin, February R. Stock Exchange sales recorded to-day wers:—Waihi, £2 2s. 9d.; Grand Junction, £1 ss. Bd. ttwo parcels). TALISMAN G.M. CO. (By Telegraph-Press Association.! Auckland, Fcbruarv 8. The dividend declared by the Talisman Company of Is. 6d. per share, and a bonus of 9d. per share, payable ou February 14. represents"the distribution of £38.812. the bulk to shareholders in New Zealand. MINE MANAGERS' KEPOIiTS. Watchman.—Four men have been engaged in the No. 1 rise, and an additional srt. added to the h-ight, making a total of 35 f-.-ei to date. The hanging-wall portion continues to maintain its .-ir.e of ■about 6ft., and to show gold in the stone. Owing to lliis portion slraighisning an height is attained, it will be necessary to leave the footwall nortion, which is at present very flat., and crosscut at intervals when thought 111 for the purpose of proving its size and value. Parallel lleef.-Two shitts have advanced this face 10 fi\3t, making a total of £7 feet to date. The reef Tor the last few feet has increased in size and valu<\ measuring about 3ft.. and shows gold freely. Two men have been engaged driving on the parallel reef from the chamber to connect with the drive, which is about 25 feet. This »:rj is also being saved for treatment. South-east Crosscut-This face has been advanced Bft.. making a total of 445 feet In date, there being no change to report in the appearance of the on to that of last week. North-west Crosscut.- Two men have been engaged in this fe-e. and 6ft. driwn. making, a total of 31 feet from the 'ide ot the main drive. The ciuartu referred to in my last rcp"r! proved to be about ftp. thick, with tuoic quartz stringers jjiawips In Dm loco.

WAIIII GRANT) JUNCTION". The fi>lln\vincr cablegram was sent to the head ollicc, i.nmlon, oil February 6:"I'di' the period ended .lamiai'v 27, 33 stamps, running 17>. days, crushed 6566 tons for return of the value of £10.117 fit:. 101. Tim. main crosscut north from tlio mein shaft at No. G level, is along 230 fecL in country rock. The Dominion lode, No. 6 level, east drive, has been driven on. It is 189 feet '9 inches wide, of low trade. The footw.ill is excused, hut no hai'icingwall is showing yet. jiopuhlic reef (that is, the reel iiitt with 69 feet south of shaft, .No. 6 level): The east drive is in 142 feet: ore of low grade. The west drive is along 136 feet, reef 64 inches wide,, value £1 12s. I'.imnrc lode, N». 6 level: The ea.->t drive is in 173 fe'-'t. reef 56 inches wide, value £4 6s. 3d. The west drive is along IC4 feet, reef 60 inches wine, value .£4 13s. 9d. Crossciilting towards the hanging-wall; at 125 let. the width of the reef is 10 feet, value £4 2s. 6d. The main crosscut south from No. 1 shaft, at No. 6, is 301 feet in country rock. £ s. d. Total output to CDd 1911 630,209 15 11 Ta January, 1912, 6566 tons ... 10.177 010 Total to date _ 540,326 16 9 Total dividends paid _ 30,000 0 0