THE SHAREMARKET.

Auckland Star, Volume XLII, Issue 154, 30 June 1911, Page 2

THE SHAREMARKET.

The Exchange now quotes In parentheses reported sales, to distinguish them ijrom transactions at the calls. BUSINESS DONE. AT THE 3.15 P.M. CALL YESTERDAY. May Queen , 2/7 New Sylvia (3/3), 3/4 Consolidated Golflftelds (21/) AT TrHE 10 AM- CALL TO-DAT. May Queen „ 2/6 ■New Sylvia 3/i Occidental Consolidated 2jd Watchpian 2/ : TValhi Extended fe 1/8 AT THE NOON CALL TO-DAY. New AtagD«t 2d Bendlgo 5Jd Keriketl Hd Waihl (66/9), 66/ a WaCtii Grand Junctipn (27/9) ' May Queen 2/7 1 Saxon 2/3 Tairua Mines 2/:|

STANDARD STOCKS— Sellers. Buyers. Bank of New Zealand — .. 243/0 Na-tlorial fiank . : 122/6 .. — ' New Zealand Insurance .. — .. SO/0' Natlon'al"Tfißurahce ......... — • . .-*B6/0 South British lusurapce .. — „ 73/6 Standard Insurance ....... — .. 30/3 N.Z. and Klver Elate .__ ..41/0 Hlkurangi Coal 19/6 ..18/6 Northern Coal 12/0 .. 11/0 Tauplrl Coal — .. 21/0 Westpotf .Coal 20/6 .. 2S/6' Westport Stockton ........ 3/9 .. .— Drury Brick (p.n.) S/0 .. ; Auckland" Gas — .. 71/0 : Auckland Gas (new) — .. 76/0 Devpnpoitt Rerry , — .. 34/6 Northern Steamship (p.a.).. 15/10 .. 15/6 Northern Steamship (cont.) 7/4 .. 7/3 Union Steam 41/o'.. 41/6 Kaori Timber (cont) ..... 16/9 .. 16/5 LOB. Timber — .. 27/6 Rimn Timber — .. 2S/6 Parker, Lamb 2S/0 .. 25/6^ Premier Joinery — .. 29/0! Marks' Turbjne 7/9 .. 7/0 Auckland Tramways (pref. 25/6 .. 25/0Auckland Tram-ways (pref.) 25/6 .. 25/0' Grey and Menzies" (pref.)".. 0/0 .. ; Milne and Clioyce, Ltd. (prqf.) .. 24/0 : New Zealand Cement (new) 24/0 .. Cousins and Atkin 14/0 . 11/0 New Zealand Piiper 'Mills .. — .. 21/9 Sharland and Co., Ltd. .. 25/0 .. 23/6 Takapuna Trams -. 17/0 .. 16/0 Tonson Garlick Co., Ltd... 30/0 .. 19/0 Union Oil .■ .. 82/0 Wiseman and Sons — .. ">o/6 Wilson Cement (orfl.) ...... 80/9 .. 89/o MINING STOGKS—

.; : . . -Sellers. Buyers. Bonanza 0/2J ..0/2 Dixbn's .Consolidated (cpni.) ,0/2J .. 0/li •Kuranui '... ........ 0/5 .. 0/4' Kurairui-Caledouian 1/3 .. 1/1 May Queen _. 2/7 .. 2/6 Monowai ,2/S .. 1/0 Moaoa taiari 0/4J .. 0/4 New Magnet o/2 0/1 >"etv Sylvja ~. 3/5 .. 3/3 OcoMeutal (cont.) 6/75 ... 0/2 Saxon _. ; 2/3 .. 2/2 Victoria oAli..oAl WaiotaM 3/4- .. 3/3 Waita-ngl Consolidated 2/11 .. 2/8 -Watchman -2/2 .. -2/1 Zeehan (coat.) 0/3 .. 0/° Consolidated .... 20/9 ." 20/0 Qoldflelijs 2/4 l/ll iHaurakl Beefs (p.n.) ....... 1/1 0/0 Hanrakl Reefs icont.) „.... o/T .". o/6i Olfl.flftwalEi AOnes 2/4 \[ JEapanga ..,-.,,.„.... 0/6* .. 0/54 jßremner's .freehold. ....„.» o/4 'oa* Bendiso _..„ 0/6 " 0/5 •New Zealand, Crown 3/7 , 3 / 6 New Zealand Crown (options) o/ll " ,bA(n, •Golden Belt „...„ 0/5 an Golden Cross _. 1/? " ?% Xomata Beefs .....'.._„...' 0/6 " oMI MaorDand „ " °M Rising Sm .0/4 o/^ -Tataia Golden OTte .... j/i ■" $8 :: S Consolidated Beefs .-...."" 1/10 "" 1/7 'Wathi Extended ............ 1/9 " ?» Walhi Grand Junction , ojvn " <>t/a . Handswortti .V-.TT.-.V. . 0% " -/£i .Monntain Eing .[ $2* " %M New Waitala X/B " n^ I*™™* on "-.5% \\sg

JWAY QTJEEjN. MEETING OP SPAEEJBObDEBS. QUICKER DEVELOPMENT PEEREDThe annual general meetinc of holders in-the May Queen G?M Co -LtT *t-flie pa,* of th e secre&y, Mr ov " a fair attendance of-s^ho W «W. bad-been dnven for a wnsiderabie distance ■decidi* improvement, gold met -yfitli, two : pQuods of picked stone reported on the 17th augured weO.for the futore # the mine! tnw'.f'w-f?? I '/ tsport stated that a total of 257 had now been driven on the reef at No., 10 level. Queen of Beanty «~??Sv i iA- a w.-!£ n i ,ierly JHr.ectipn. For the first 70 to 80 feet the reef was a njoejookine body of heavily mineralised quarts, but from that point to the face it was a dark pussy' formation, with bunches of quartz through it. In aboot another ISO feet of drivine they should cut the 'breaS -that displaced the reef at No. 9 ilerel, and when this was cut they could expect the water to drain off to allow a winze to be sunk from No. 9-level." The reef there was .a strong body of quartz, and had yielded some ,yery good picked stone. The northern .crosscut had .been extended about 240 feet; at this point a >very promis-' tag looking leader, Rlwit tour incim* wide, «M met .with, oualoc good -misanl lor

gold. Verj tittle work, however, was done ;on it, owing to the amount of gas it waa giving off, and the ait supply "apt being sufficient to carry on two diivqe, wort here was suspended for a time. 'Driving "was then started on the Exclutnge reef, from -the deep level crosscut, the air for vjuaciiatipn being supplied by the Beep Levels Jjoard. The'reef nad now been driven upon' for a distance of about 86 feet, and was a promising looking body of quartz, about 18" Inches wide, carrying favourable minerals and showing nice dabs of gold. In the deep level •crosscut, which was now passing through the tiaxon" Company s grouiiU, a promisinglooking quarts ° lo.tfe, Stepwing nice colours of gold, was pas.sgO through about sso feet .fioai the boundary, au(f, according to the. strike of it going "westward, it would come' into L the .coui_paijy's gio.ujid about -40 to 50 t?.et on the west side 9J the crdascut. TUe : work carried out in the" id-ay yuiieri section ! hail prjueipuily been .couflae]i .tp stophig out the blocks of ground on the" Ko. 4 lode and hangingwall branch leader, betw.een Nos. 9 and "6 levels. .The last .atope wus now heing taken out,, and spme very fair ci'ijsji4ng dirt was being won. ;Stopiug on the foot-; wail branch of No. -4 lode-above Np, 6 level hail been in progress- . A wiiize also Ue§n sunk ~pn the leader from the interipediate'levjai to No. .6-level, and tiie block put in order for stpping. • Work tere was proceeding, and the quartz being won occasionally yielded a .little piqked stone. During the past half year a tpial of 186 loads of quartz and 40ibs of picked stone had be.en crushed for a yield of all nielted gold, valued at £SSO 2/6. 'i'ile balance-sheet snowed the: liabilities to be £44,351 4/6, including paid up capi,Ul, £43,733 C/S. The assets Included property, ' Wildings, plarif,'etc.; £13,696 19/1; mine development, ' £10,301 S/5; Moanaitaiari Co. account. £SQOO; cash at ba:nk, iv hand, etc., £303 11/5, the debit balance •being £11,938 2/1. The receipts during-the year from all sources totalled £4501 17/6, and the payments £4133 5/1, leaving £303 11/5 in' credit.-' • r '

; The chair.matL, in mp-rips 'the adoption of the report and balabce-slieet, remarked that the recent report of gold snowing had led them to anticipate it was the forerunner of something good, but unfortunately when the breaking dawn occurred no gold was seen. Half the reef had yet to be broken down, however,. a,pd something might happen wheu that took' place. The chalj-nifiii went op.'tp point .out that .development work was. being hampered by the sho.rtne.ss of finances, for which, reason the directors proposed that they shouid "be Kivon power to increase the amount of the call, a penny being insufficient. The Mounataiari Company certainly owed them £SOOO, but seeing the shareholders of that company were also shareholders in the May Queen, it iwa,s felt they would not~.be justified in calling upon them to pay until opera.tions entered the MpanataJari ground. He pointed out that nearly all the reef system through the 'Saxon an,(i .-Waiotahi properties ran into their own ground, and ■with speedier development the prospects were good. At all events Ije hoped that the gold produced iwould soon obviate the necessity of further calls.

.In answer to Mr the mine manager, Mr BaJser, e.xplalned ■ that there had bo delay in ibreaklng down, the reason tna-t only half the reef was broken dp.wn 'being a split,. r one Dart of the reef bein,g above the other, "necessitating that'the" over portion should be broken down and "cleared away flret. The qther half would prpbably be broken down on Monday "nest. The report and balance-sheet -n-ere adopted, and the retiring directors, -Messrs H. T. G-qrrle apd Mitehelson were re-elect-ed, Mr B. E. 'le3acs being reappointe4 audl-

At the extraordinary general ■meeting the following resolution was carried, and will come up for confirmation at a later meeting:—'"That tie •words' 'one penny' on the fifth line of ArUcle 11 of Articles of Association of the company be deleted, and that the words three pence , •be substituted in lieu of the words 'one ■penny.' "

I THAMES WARDEN'S .COURT. (By Telegraph.—Own Correspondent.) THAMEES, this djiy. .Warden Bnrgess had a sitting of the Warden's Court to-day. Hβ granted the Ihames Co. protection for the Thames plata, subject .to..tributes being let In .all parts of the mine: and to the Albnrnia Co., protection ,for water race (3), tramway (3), machine site (1), special site (2), tunnel <2), and .protection -fo,r 'the Alburnla ,on ; condition ..that tributes be le,t when applied' for. John""Boles""applied"tor piotection for :the Deep JJea.ds. To be granted when applicant satisfied the .W.a.rden that this Is a : fresh undertaking in no way connected with the .old .holders. The foUo-nring -were granted: R. Worth, iProtection for Gqldwin; Monowai .Co., protectiqn 'for sCplosadQ; ,0-' Graham, repewal of .mining privilege. The : appUcation of .the Tflirua .Gfllflen Hills for a large dam and water race was consented to by -tb* Minister, but was adjourned by the Warden for surrey.