MINING NEWS.

Auckland Star, Volume XLVI, Issue 68, 20 March 1915, Page 9

MINING NEWS.

,-■ .-MAY-QUEEN. The May Queen mine in one of thcee ait Thamee- mhid\ laoßened-from the flooding of"tSfc" deep level tunnel, which neceeeita.ted: etoppihg work a)t the loweet point property; AT'winze Vras~etink on the Exahbmge xeef at tiie I,oooft aew>], and *ih»e value of the ore vron ». given in. a. report f unrished by ■ the •■ manager, who states that *fW.having wink 10ft an underhand Bbope wais carried: along for ower eOfifc, and eonve very nice picked etofm wise Secured. About 16 loads <were taken from that TWJrked, end averaged, an ounce and l a-ihalf *o the load. During the half-year. Js2jo»d».of •qt»rtz_arene twsited, Jl/*.;, A&, ..ertnaolsdinaay' nweting ,: "ef MM-teholderis the onmptwny was held yeepteniay, at which Mr. Maurice Oasey" presided. The meet- j ing •Wβ*! called <to take into cooeidemtnea ■ the ptwitkm of the company, and to provide far the" dispceal ;• of '■ the forfeited shares. ' The actual pofeitioin is, that the May Queen mine wb» floated with 275,000 Bharoai"of which immEer' weie : issned'/ At varamte times ■• eharee liave' been iorfeMsdendire?e*rtedi to the company, and whim work Stopped in ihe low level, bo -many faiied to ip&y- their - cajte, ■thai at th© jreeeift time iffiere are onJy 100400 chan* .whbet hive oot been, for!on v niiny .'of tkv siareie forieibepd; ' and: tiie otheit jean _be. recovered) ,i'a.t i „ The n»eel^-^6^day;;<Ma-astvewijeret; any Jecision.- tregaidting the iiiepoeal'. of.l. the {ortnted-'eJiaTeß, but passed jt ■ wfeolnttion Pfqnffltjng -the apfjy';fgnr anotfacr isix months'iteijlute protection. ". SOtfTHEiEN EXCHASGEIS. ;: f .V^V'-?|iw^^^'"4iß»flcUtiiS^! ;' WELLINGTON- this der. . Stook Exclianpe sales:—-Union Steam, SI 4/; New Bis River. £4 10/.; ,: ' DoNEbra, this.. dny. . Stock. Ex(*anKe,,.Bales:i-3ransman. ~25/;. Auckland Trams, 21/&; Coal, 5/1; Union Steam :(6rdinary), 2SM' -