WAI HI GRAND JUNCETON RETUtRN. AX ENCOURAjGIXG KBPORT. The following notice was posted on the Ex-change this morning:—"Crushed 4411 tons for a yield of £5133. The drive at No. 6 on lode 'C' west (this Tefers to the main portion of Xo. 6 reef, upon which we are driving) the ■ reef averages four feet in width, and i the value is £3 4s per ton. !No. 6 lode ' C ' east winze has been sunk a depth of 47ft, width 3ft, value £3. > T o. 4 level | first winze No. 5, depth 62ft, width of ore 3ft 4in, value £4 lls 3d. Martha I lode, No. 3 level, east, winze. No. 8, depth"! Sfift, width of ore 3ft fiin, value £3 17s ■ 10d. No. 5 level crosscut is 36ft out from tlie south side of the shaft." In 190" £13,794 13 1 , In IUO7, 40,127 tons £75.832 2 7 In 1308, 18,303 tous £70,018 IS 9 January, 2470 tons £3,901 8 3 February, 4207 tons £5 784 0 0 Maroh, 4411 tons £0,133 (» 0 Total to date £173,403 17 1 ROYAL OAK. - Tiie following telegram wns posted on the Exchange to-day:—"solb of picked stone from No. 2 stope, gold left show- , ing." The immediate result of this news was to cause shares to sell at J/10 for paid is£ue and contributing from 1/6 to 1/0,. and back again to 1/7. N~EW SYLVIA. The balance of the reserved shares in the New Sylvia G..M. Coy., and the new issue unapplied for by shareholders), were offered this morning by auution at Messrs T. Mandendo Jackson's mart, ( ustoms-st.-eet. The number offered was 3152 and the upset price was fixed at 1/2 per share. The whole lot was cleared at 1/4 to 1/4J per share. KURUNUI. The manager wired to-day that the , 4ioz of bullion from five tons of ore is worth £2 3s 9d per oz. 3IINE MANAGERS' REPORTS. New Waitaia.—Driving the north end of No. 0 level has been continued. The reef Tormntion In the face is still 12In wide, nlth R nice rlli of kindly looking quartz making ou tho hnngingwull side. At tho Inte--niedlnte level very little quartz uns boej liiokPii from the rise. A few more feet will he stripped before breaking down. Some of the stone that fame away showed coarse colours of gold, und the manager considers It decidedly encouraging, as it may make a pntch of specimens nt any time. Mny Queen Extended.—The half-yearly meeting of shareholders in the May Queen Extended Company was convened at 3 o'clock this afternoon In Mr. J. J. Macky'e office, Swauson-street. The directors' report stated that the work in the mine during the past half-year has not resulted in anything of n puyable character being discovered. The men are at present driving on OSulllvau's reef, and Mr. John Redwood, who was appointed manager in the plnee of Jlr. E. A. Daldy (resigned), reports that :i ilrcidod improvement hns tnken plHie in tbt- oie coming to hand. The s»tntetnmit of accounts for the half-year ended JStli February, 190!). showed:—Receipts: To cash bnlniires =51et August, 1008. £105 13/8; calls. £ISSI 12/8: gold. £.*■ 15/1; battery rent. iMn A/; bnnk overdraft. £26 o'4. Total. £4:u r./n. Payments: By mine wages, £314 4/0: mine supplies. £."i;i 4/8; general expenses, £"> 12/4; cash In hand, £9 4. Totul. £432 .">.•!». In his weekly report the inanaper xtiites tbat OSnl]ivnn"s rci>f at the intermediate level shows colours mid dubs of (told, and looks very promising. The country is good s;indsti>ut*. and should improve as the level advances.
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