MINING.

Otago Witness, Issue 3448, 13 April 1920, Page 26

MINING.

WEEK'S MINING NEWS May 7. During the period ended March 20 the Waihi (Sold Mining Company crushed and treated 13,742 tons for a return of bullion valued at £25,307. rit a-citting oi the Warden's Court, hold at Thames last week, the mining inspector brought complaints against the managers of the Waitangi, St. Hippo, and Golden Belt mines for alleged breaches of the mining regulations in failing to provide sufficient ventilation in certain portions of the mines where men were employed. The Inspector stated that he had visited these mines and taken measurements of the air in 'the portions where the men were employed. He found that the air was insufficient and not equal to the amount prescribed in the regulation. Since then thenecessary improvements to the ventilation had bo?n made, so that he would not ask for any penalty. He merely wanted a conviction so as to make it a caution for the future. The Warden recorded a conviction in each case. April 8. The secretary of the Nokomai Hydraulic Sluicing Company reports that a wash-up was made at No. 2 claim, the result being 1520 z 13dwt for the paddook. No. 3.claim had to close down or. Wednesday owing to the dry weather experienced. The men are employed on the race doing necessary works. Shortage of water is seriously affecting mining operations at the Nevis and in the Nokomai (says the Garston correspondent of the Lake Wakatip Mail). Two dredges are still in work at the former locality, but the returns are below the average. DUNEDIN STOCK.. EXCHANGE. The business transacted on 'Change on Friday was somewhat limited in extent. Mining shares were unaltered, without turnover. Of the shipping stocks Huddart, Parkers were placet! at 54s 9d, and more were wanted at the same figure. Banking and insurance stocks were fi rn ?; without sales. Of the other investment lines, New.. Zealand Refrigerating shares had business at 29s 6d for contributing and 51s 3d for paid, while New Zealand Drugs (new issue) were placed at 255. The following are yesterday's latest quotations,- subject to the usual brokerage:— Though there were no sales either transacter or reported on 'Change on Saturday, there was no sign falling off in values. Mining ventures were steady, and banking and insurance _ stocks were firm and in good demand. Shipping lines were wanted at full late-rates, and other investment stocks showed little alteration. The following are Saturday's quotations, subject to the usual brokerage: — Mining Stocks. Talisman Consolidated —Buyers 8s 6d, sellers 9s 3d. Waihi —Buyers 443 6d, sellers 455. Waihi Grand Junction—Buyers lis 9d, sellers 12s 6ci. Mount Lyell—Buyers 26s Id, sellers 26s 'll. April-B.—Waihi, 465; Bank of New South Wales, £36; Union Bank, £l3 15s; Westport v Coal, 32s 8d; New Zealand Refrigerating, 29s 6d. Sales reported: Huddart, Parker, 53s 9d. April 9.—Huddart, Parker, 54s 9d; New Zealand Refrigerating, 29s 6d; New Zealand Drugs (new issue), 253 prem. Sales reported: New Zealand Refrigerating (paid), 51s 3d. AUCKLAND STOCK EXCHANGE. AUCKLAND, April 9. Tho following business was done on 'Change to-day:—Waihi, 455; Wilson's Cement, 16s 2d. Reported sales: Taupiri Coal, 19s; New Zealand Paper, 395; Parenga Kauri Oil, 235. CIIRISTCHURCH STOCK EXCHANGE. CHRISTCHUROH, Apcil 9. The following sale was effected today : —Ward's Brewery, 265.