MINING.

Gisborne Times, Volume XXVII, Issue 2537, 25 June 1909, Page 6

MINING.

AUCKLAND STOCK EXCHANGE. (Special to “Times.”) AUCKLAND, June 24. There was another busy day on the. Stock Exchange to-day. Waihis sold at £9 5s and £9 4s 6d, Junctions 475, 46s fid, 46s 9d (do options 22s 3d), Extenders 7s to 7s 9d, Consolidateds 4s 5d and 43 7d, Waihi Beach lOd, Talisman 53s and 52s 9d, Crowns 6s, Maoriland Is 9d to is Bd, Golden Hills 6s 6d, Karangahake Is 2d and Is 3d, Dixons lOd, 9-Jd, 10d, May Queens 3s sd, SyL via 2s Bd, 2s 9d, Saxon 2s 4d, Waiotahi 3s 5d to 3s 3d, Thames 9d, Waitangi 4s, "Watchman 2s, Consolidated Goldfields 18s, Old Hauraki Is 4d to Is 7d to Is 4d. Closing prices: Waihi —Sellers £9 ss, buyers £9 4s. Junction—47s and 465. Extendeds —6s lOd and 6s Bd. Consolidated —4s 8d and 4s 6d. . Beach—lo |d and 9 Id. Talisman—s3s and 52s 6d. Crown —6s Id and 6s. Golden Hills —6s 9d and 6s sd. Maorilands —Is 9d and Is Bd. Dixons —10d and 91 d. May Queen —3s 6d and 3s sd. Sylvia—2s lOd and 2s 9d. Saxons—2s 4d and 2s 3d. Waiotahi —3s 4d and 3s 3d. Waitangi—4s and 3s lid. Watchman —2s Id and Is lid. Consolidated Goldfields—lßs and 17s 6d: Old Hauraxi —Is 5d and Is 3d. THE NEW ALPINE MINE. (Special to “Times.”) GREYMOUTH, Juno 24. The New Alpine mine manager reports for the week ending 22nd inst. as follows:—No. 14 level: We have ben short of compressed air for rockdrilling, nearly all avaiiabe air being required for "pumping, consequently little driving was done. A crosscut was put in the foot wall side of the drive at the north face, and revealed lift of reef, and I am not certain if we have the foot wall yet. Another round will be taken out to-morrow, when samples will be taken. One round of holes was fired in the south face, and there are 2ft of well mineralised reef going south. Stoping was continued in No.’s 2,3, 4, and 7 north, and No. 6 going south. In all the faces the reef remains the same in width. We have been logging up and filling in stopes south of the crosscut during the past two days, and one more day should leave this end in good working order. Two hundred and fourteen tons were paddocked for the week, making a total of 582 tons. DEEP LEVEL DEVELOPMENT AT THE THAMES. (Per Press Association.) THAMES, June 24. An important conference took place to-day regarding deep level development, between Mr. Frank Reed, Government mining engineer, the local inspectors of mines, and representatives and mine managers of the companies interested, the May Queen, Saxon, Victoria, and Waiotahi. It is stated that they have agreed to a scheme ot development, to crosscut in a direct line from the Queen of Beauty shaft tq the Caledonian shaft. The Kuranui, Caledonian, and Home Companies would- advise in a few days as to their decision. The cost would be about £IB,OOO ; the five companies paying £2OOO each, and the Government providing £BOOO. The scheme is of great importance to the district. It is believed that, at one thousand ieet, to which the main shaft has now been ■sunk, another rich goldfield will be opened up. The result of the conference has given satisfaction, as now nothing remains in the way of deep level development.