MINING NEWS.

Dominion, Volume 5, Issue 1401, 29 March 1912, Page 8

MINING NEWS.

WELLINGTON SHARE ILARKET. The sales recorded yesterday were as follow Consolidated Goldflelds, 13s. 6d. (second call). Talisman, 275. (first call); S7b. 3d. (second call). The buying and selling quotations were as under:— Buyers. Sellers. £ «. d. £ «. d. Con. Goldflelds 010 0 — New Sylvia — 0 0 9 Occidental 0 0 11 0 13 Ross Eeeonstrueted — 0 3 6 Talisman 2 7 3 2 7 9 Waihi - 1 18 9 1 19 6 Waihi Reefs — 0 13 Wailii Grand Junction ... 1 8 0 189 Waiotahi 0 J 6 0 3 V Waitangi 0 17 0 19 Taranaki Petroleum — 116 The Wellington Stock Exchange received the following telegram yesterday from tho Consolidated Goldflelds:— Report for quarter endine December .31 issued to-day for Wealth of Nations, Progress, and Blackwater minos:—"Owing to continuation of labour dispute, and conferment irregular output, the declarations "f tile usual half-yearly dividend has been deferred for the lilackwatcr mmos." STOCK EXCHANGE. (By Telecraph.—Press Association.) Auckland, March 23. Business done on 'Chance this mornaccidental, Is. lOd. to 16. 2d. Moanataiari, 3id. Waitangi, Is. 5d.. Iff. 6d. Golden Cross, 5Jd. Ta.lisman, £2 7s. 3d., £2 7s. 6d. Grand Junction, £1 Bs. 6d. New Zealand Shippine (buyers), £14 8a„ no seller quoted. Union Steam, buyer £2 10a. 64., seller £2 lis. 6d. Tho following business was done at tho 3.15 p.m. call:— Kuranui Caledonian, Is. 3d. Waitangi Consoli'dated, Is. 6d., Is. Bd., Is. 9d., Is. 10d„ Is. 9d. Old Ilauraki, Is. lOd. Talisman Consolidated, £2 7s. Occidental Consolidated. Is. 4d. Taupiri Coal, £1 Is. 6d. Westport Coal, £1 6s. 9d. Union* Steam, £2 lfe. 6d., £2 Us. Chrlstchurch, Jlarch 2fi. Tho following rales were reported on tho Stock Exchange of Canterbury today :— Mutual Benefit. Canterbury, £11 7s. 6d. Union Steam Ship, £2 lie,. 3d. Dunndin, March 25. Stock Exchange solos:— Union Steam, £2 9s. (two parcels).' Sales reported :— Union Steam, £2 10s. 3d., £2 10s. 6d. ItOSS GOLDFIELDS. (By Telqgraph.—Press Association.) Auckland, March 28. An ordinary general meetine of shareholders in the Ross Goldflelds (Reconstructed), Limited, wen- hold at tho Chamber of Commerce, Mr, Goo. F. pnvw, of Chrlstchuroli ioiuUrroiu)) tiraldtpg. In tho anniuu EGjari Uu ureotcei slated Unit tho

following work is at present beinpr proccnied /with: —The rc-creclion of a mile of transmission line, deviation of portion of (Jorcrnmcnt telegraph line, deviation of company's line near Kanieri Forks, lUrenEilmiinß of poucr liousd bnihlin?, (.'onneelinp auxiliary pipe line, alterations to main valves, overhaul of the tfholc of the transmission line, and the eirectin«j of Jiet-esaary repairs where possible. Tentiers had been called, and the work would be done by contrail. It was estimated that the of those alterations and repairs would be approximately £<00. A tender had been aceoptcd for a lVicrsl j oil eiißine and generator sot for use a;? ] an auxiliary motive power to the present j hydro-Pleetric plant. The contract- price I was £3457 10s. The whole of the director*. I }le.sns. Gcj. P. l)uv!t ; , W. It. Wilson, John C. Colbeek, and Ji. M. Smyth were reelected. WATCHMAN GOLDMIXIXG COMPANY. The mannger of the Watchman mi'ne reporter—The No. 1 rise 011 the parallel reef has been advanced a further distance of 7 feet, making a total of ICO feet from the iloor of tho drive. At this point the reef Shows a width of 4 feet in which gold can be easily teen in tho st-onc, and is being saved for treatment. No. 2 liisc: This rise his bom advanced a further distance of 15 feet, making a total of 81 feet risen to date. Although this portion of the re-tf is small, measuring about 12 inches, h of a fair grade, and is being saved for treatment. Parallel llecf: South face hais been advanced 13 feet for the week, making a total of 153 feet to date. The reef for the last few feet has been divided with ribs of sandstone of a good class. At present there are signs of o, big reef making, as there is about 4 feet, of quartz intermixed with sandstone runniiig between two good walls. South-cast Crosscut: This face has been advanced a further distance of 7 feot-. making a total of feet, to date, there being no change to that of my last report. Xort.h-west Crosscut has been advanced a further distance of 11 feet for the week, making a total of 67 feet driven on the , line of reef. At prepicoit tho face is all ; cjuartz, measuring about 5 feet, and occasionally shows gold in the stone. 670 Crossrut: This face is in a total of 22 feet 1 from the side of the drive. The last few feet driven has been pacing '••rough quartz stringers crossing the face at. ritrht angles. Tho country being somewhat t?iniiInr to that encasing the reef being worked, the reef should come to hand in about 8 feet of driving.