MINING.

Evening Star, Issue 15223, 30 June 1913, Page 6

MINING.

The wa3h at the Masterton claim was improving greatly all last week, and there is now a strip of good wash half a chain in width to the west of the centre of the face, and it is extending to the western aide. The ground continues to be deep, and the best of the waeh lies in the deepest ground on hard coal bottom. A telegram has been received from the manager of the New Sylvia mine, Thames, statins that a crushing of 900 tons of stone nas realised bullion valued at £1,127 and concentrates to the value of £233—a total of £1,360. The superintendent of the Ross Goldfielda Reconstructed mine reports, under date June 18, that at the sixth level the east drive had been extended to 118 ft east of No. 1 cross-drive, and was then in to the site of No. 1 rise, which would be commenced as soon as the drive had been driven a further 12ft. As soon as the rise was up a few feet driving could be resumed simultaneously with the construction of the rise. No. 6 bore had been put through to Cassius workings, at a distance of 22ft, and six bores were running. During the week the pressure had been reduced from 95ft to 4oft. No. 2 crossdrive was being enlarged, so that if more bores were needed to unwater Cassius, two more might be cut through. The superintendent thought it would be necessary to have two more bores with which to unwater Cassius, but he would not do this until the present bores were found inadequate.

THE SHARE MARKET. DUNIDIN IXCHANG«. Sales were reported this morning in Bank of New Zealand £ll 2s 6d (ex div.) and Union Steams 44a. There was good inquiry for shares in the quartz division. Junctions were firmer than on Saturday, being inquired for at 19s 9d, with no seller under 20s 6d. Waihia were wanted at 41s, but sellers held out at 425. Union Steams were for sale at 445, and buyers offered 43s 6d without any business being done. The following are the quotations: —Dredging.— Electric—Sel 5/. Island Block—Sel 3/9. Rise and Shine—Sel 35/. —Quartz. — Consolidated Goldfields—Sel 14/. Progress Mines of X.Z.—Buy 6/3. Knranui-Caledonian —Sel 1/. K.Z. Crown Mines—Buy 1/, eel 1/6. Sevf Sylvia—Buy 1/2. Old Hauiaki—Sel sd. Watchman—Buy 1/8. Waihi—Buy 41/, sel 42/. Waihi Grand Junction—Buy 19/9, sel 20/6. Waiotahi—Buv 1/11. Saxon—Sel lOd. —lnvestments. National Insm * e- Co.—Buy 44/. N.Z. Insurance Co.—Buy 104/. Standard Insurance Co. —Buy 30/3. "Union Steam Ship Co.—Buy 43/6, sel 44/. Westport Coal Co.—Sel 27/3. M'Leod'6 Soap—Sel 300/. Wright, Stephenson—Buy 117/.