MINING.

Gisborne Times, Volume XXVII, Issue 2563, 26 July 1909, Page 4

MINING.

AUCKLAND STOCK EXCHANGE

(Special to “Times.”) AUCKLAND, July 24. The market was busy this morning. Junctions had a good rise and sold up to 565. Waihi Extended sold at 7s Id to 7s 2d to 7s 3d, do options 28s to 28s 6d, Consolidated . 5s 6d to os Bd. Talismans 57s 3d to o7s 6d, Crowns 6s 7d, Maorilands Bsd, Phoenix 9d, Komata Reefs 7d, Golden Hills 6s 3d, Dixons Id to Is, Caledonian 2s 3d, May Queen 5s 8d to 5s 6d to 5s 7d, Sylvia 8s 10d, Saxon 2s 4d to 23 3d, Victoria 2s, Waiotahi 7s 7d to 7s 6d, Waitangi 4s 4d. Watchman 2s Id. The closing prices were: Waihi —Sellers £9 9s, buyers £9 8s Junctions —56s 6d and 565. Do Options —28s 9d and 28s. Extendeds —7s 4d and 7s 6d.^ Consolidated—ss 8d and 5s 7d. Beach —lOd and Bd. Talisman —57s 6d and 57s 3d. Crown —6s 8d and 6s 7d. Maoriland —lid and 73rd. Komata Reefs—74d and 7d. Phoenix —lOd and 9d. Golden Hills—6s 4d and 6s 3d. Dixons—ls Id and Is. Caledonian —2s 5d and 2s 4d. May Queen —5s 8d and 5s fid. Sylvia—-4s and 3s lOcl. Saxon —2s 4d and 2s 3d* Thames—ls Id and Is. Victoria—2s and Is lid. Waiotahi —7s 7d and 7s sd. Waitangi—4s od and 4s 4d. Watchman —2s 2d and 2s Id. Blackwater —28s and 27s 6d. Consolidated Goldfields —21s fid and 20s 9d. Progress—lss 3d and 15s. THE WAIHI MINES—IMPORTANT DEVELOPMENTS. (Per Press Association.) WAIHI, July 24. Since the intersection of the main Martha lode in the north crosscut- at \’o. 5 level in the Waihi. Grand Junction mine on Thursday last, a distance of 22ft has been penetrated, with no sign of footwall indications ; showing that it will prove an immense body of ore. The first 10ft gave an average value of 18s per ton. Subsequently tire average value improved to over £4 per ton; and the present face shows a fuller improvement. In the south crosscut, at the same level, the face of the Empire lode is 30ft wide, and the average value over £3 per ton. The latestreports from the Waihi Extended mine show a marked decrease of the flow of water from the drill holes in the face of the reef, struck some weeks back, but which has been untouched, lest the volume of water, if the reef was broken into, would be too great to cope with. The decreased pressure of water behind the face of the lode is associated with the intersection of t-lie main Martha lode in the Junction mine. Driving through the reef should not now be delayed much longer. AUCKLAND, July 24. The manager of the Grand Junction mine wires: “Next nve feet of the No. 5 -lode, £4 7s fid per ton.” This follows yesterday’s wire, “First 13ft. worth 18s per ton.”