MINING.

Evening Star, Issue 15478, 28 April 1914, Page 9

MINING.

London advises, the following quotations Junction, Buyers 275, sailors 28s; Great Cobra, buyers 2s 6d, sellers 3s 9d. The intermediate drive in the New Waitaia mine, Kuaotunu, is now in 91ft north of the new rise. The manager reports that the reef Is from 15in to 18m wide, and continues to show gold. The north stope has been connected with the one from the south end, the reef showing -good values. Another stope is to be started from tbe north rise. The reef is also being taken down from No. 11 pass south, and shows a width of from 12in to 18in, in which coarse gold can be seen. As a fair flow of water issued from the bore hole put in the face of the east crosscut (off the low level, north drive), driving was continued, without disclosing any formation. Driving is now proceeding on the vein cut 20ft in the crosscut, in good country. jk A return of 240z for 120 hours’ dredging is reported from the Willow bank dredge. The mine superintendent at the Ross Goldfields (a Press Association message from Wellington states) telegraphed yesterday : “ Race repaired; hydro-electric plant running; satisfactorily commenced unwatering Cassius.” The manager of the Waihi Company has sent the following cablegram to tbe London office: —“No- 10 level: Royal lode west—l4ft driven, .value per ton 6s ; lode at 81ft in. Reptile crosscut—l7ft driven, value ;ser ton 16s. Empire lode west—20ft driven, value per ton 51s 6d. Dreadnought lode, south branch—lsft driven, value per ton 34e 6d. Edward lode, west section—l2ft driven, value per ton 945; with about 2£ft. East section—27ft driven, value per ton 13s, No. 1 level: Dreadnought, west—9ft driven, value per ton 38s 6d; east, 24ft driven, value per ton 38s 6d ; east, 24ft driven, value per ton 34s 6d.” THE SHARE MARKET. DUNEDIN EXCHANGE. The market was not very active this morning, only one sale being recorded. A parcel of Junctions changed hands at 27/6, and further lots were wanted at the same price, but sellers asked 27/9. Waihis showed no variation, with buyers at 43/6 and sellers at 44/6. In the investment division buying offers for the preference issue of Union Steams continued firm at 20/8, with sellers at 21/. The following are the noon quotations ; —Dredging.— Electric —Sel 4/3. Rise and Shine—Sel 30/. Rising Sun —Buy 18s. —Sluicing.— Roxburgh Amalgamated (paid)—Sel 3/. Ross Goldfields—Buy 3/. Nokomai Hydraulic—Buy 22/6. —Quartz.— Progress Mines of New Zealand——Buy 12/. sel 13/9. New Zealand Crown Mines—Buy 9d. New Sylvia—Buy 6d, sel 9d. Talisman Consolidated—Buy 57/5, sel 38/9. Waihi—Buy 43/5, sel 44/6. Waihi Grand Junction —Buy 27/6, sel 27/9. —-Investments. National Bank of New Zealand—Buy 108/6. Bank of New Zealand —Buy 203/. Bank of New Zealand (now) —Buy £l6 sa, sel £l6 ICte-

National Insurance Company —Buy 52/. New Zealand Insurance Company—Buy 120/. Standard Insurance Company—Buy 33/. Union Steam Ship Company (ord.) —So} 25/5. Union Steam Ship Company (pref.)— Buy 20/8, «el 21/. Westport Coal Company—Buy 28/. Westport Coal (new)— Buy 87/, eel 28/. Dominion Rubber—Buy Ip/. Milbura lime and Cement (£l)—Buy 30/6. Mosgiel Wood Factory—Buy 73/• National Mortgage Company*—Buy 83/. New Zealand Drag Company, Ltd. (£2) —Buy 44/9New Zealand Drug Company. Ltd. (new) —Buy 33/. ‘Otago Daily Times ’—Buy 63/6. Perpetual Trustees Company—Sol 23/6. Whitcomb® and Tombs—Buy 115/6. ’ Wright, Stephenson—Buy 130/. May, Oatway —Sol 25/.