MINING NEWS.

Dominion, Volume 5, Issue 1360, 10 February 1912, Page 8

MINING NEWS.

WELLINGTON SHAKE MARKET. A sale of Waihi at 435. at the second call was the only transaction rscorded yesterday. Tile Inlying and selling quotations wcro as under:— ' Buyers. Sellers. £ 3. d. £ t. d. N.Z. Crown 0 3 2 - New Sylvia -- 0 16 T.iirna. Mines 0 0 4 0 0 7 Talisman 211 G 2 12 0 Waihi 2 2 6 2 3 6 Waihi Grand Junction... 15 9 16 6 Waitangi 0 2 3 0 2 5 STOCK EXCHANGE SALES. (By TelecraDh-PrtEs Association.! Auckland, February 9. Business done included:— Occidental, Is. Id. . Waiotahi, 3s. ICd. Waitangi, 2s. sd. Il.iurnki Reefs (con.), 9Jd. Old Haurakf. Is. M. Golden Cross, 5d., 4id. Talisman, £2 12s. Gitl.; vow, cut, 6d. to 63(1.; cow, slippy, 4Jd. Grand Junction. £1 6s. Mountain Kill!,', 3£d. Nov.- Wailaia, ICd.. W'.A. Taupiri Coal, .£1 Is. 6d. Wilson's Cemetit, £1 9s. 3d. Tlio following business was done at the 3.15 p.di. call to-day:—Moanatniari, lid.; Saxon, Is.; Waiotahi. if. 10d.; Talismaii Consolidated, £2 Its.: Northern Coal, 10s. 9d.; Auckland Gas, £3 7s. Dunedln, February 9. The following Stock Exchange sales were made to-day:—Grand Junction, £1 ss. lid. Rales were reported of Old Hauraki at Is. 5?d.; Grand Junction at £1 ss. 9d., and Waihi at £2 os. 6d. DREDGING RETURNS. Dunodln, February 9. The following dredging returns are rc-nort«d:-Koputai, 40oz. ldwt.: Masterton, 30oz. sdwt.; Karaunui, 270z. ldwt.; Wai-ka-ia. 19oz. 9dwt.; Hartley and Rilcy, 18oz • Mystery Flat. 6oz. 16dwt,; Success (We=t Coast), 14oz. Bdwt. ROSS GOLDFIELDS, LTD. MEETING OP DIRECTORS. A meeting of directors of Ross Goldfields, Ltd., was held at the compaqv's office, on February 8 and 9. Present:—M?ssrs O F Davi.s (chairman), J. C. Colbnck, and H. jr. Smyth. A large amount of routine business was transacted, and important tenders dealt with. The reports before tli2 meeting showed that the directors have lost no time in carrying out the poliov entrusted to them at "the last special general mce'int,' nf shareholder.*, Th" permanent staff have overhauled about onethird of the. transmission lin«, which was found to he in better order than anticipated. Satisfactory tenders were received and accented for ths re-crcetion of the noriion of the transmission line, damaged by flood, and removed by th» late monniemenl. The figures suhinitlcd indicate that tl-o board should he able to make nil (he necessary repairs and alterations Ui the oviatiiiK iiydro-cloctrii'. nlint woll within the-estimate recentls - circulated aniongft tlw shareholders. F.lcvcn tenders wore re-cr-.ived for the erection of a 250 to 275 h.p. Diesel generator set. The«p were very fully dircuised hy th- hoard, and Pually the board accepted that of Messrs. Turnhull .-"id .loiios for tho sum of £3«7 10s., erected and handed over to the company in 33 w.?.-l;s. Th 3 plant will he of all British mannfaetiire, and made by the British .Wcstiugbouse Comminv. Active stens arc hoiii? hy the board to attain the very man available as lnanntrer, ami every inducement is being offered to attract thir-e best onaliflnd hy previous e\rericnc.2 in alluvial gold-mining work. It was decided to he'd the annual meeting (bis vent in Auckland, as the .bull- of I\is shareholders are at present ri's-idcnt "'ere. '''he date will be about the end of Jtaroh. From present indiciilions, tho plant tliould. ly.' in good working order in two or three months, when, in all probability, the manager will advise the innvaleWn? and development of the property. This will allow the stand-by plant to be erected and in working order some time before the cnmpiny is ready to stun active mining operations.