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MINING NEWS.

(PRK3S ASSOCIATION TELEGRAM.) AUCKLAND, May 21. Business was again brisk to-day, and the Exchange presented quite a busy appearance. In most cases yesterday's advances were well maintained. Many other low-priced stocks showed a slight advance upon yesterday's value. Buentsss Donb. ■ ' Sales. Sellers. Bayera. f c. d. c. d. Cardigan ... «* Iβ Id 1 3 10 New Golden Point J! 9irt, lOd OH — KuranuiCaledonian .V, Ss 5d 5 6 5 5 May Queen ".'. ' ~ 8s 6d 8 9 8 6 May tjueen Extended J lOd 10 0 9 NewWhau .. ~ 6d, 64d 06J 0 5i Occidental .. 4d, 0 5j 0 4) Viotflria ... .. &8d 210 2 8 Great Barrier Gold and Silver .. 6s6d, 6s7d — 6 <5 Grace Darling .. .. 2s W 2 6 2 3 Imperial .. lelld.XslOd 110 — Mangakora United .. Zd 0 3 — New Zealand Talisman .. 17s 6d 18 6 17 0 Portsea .. ..Iβ 11 — Rising Sun .. .. 9d 0 9 0 B*' Hussell .. .. 3d 0 3 — Sterling .. .. 6d 0 6 0 5 Talisman Extended laid, Isod 16 — Waihi Consols ..GdtoSOd 0 1 010 Waihi Extended .. Is Id 11 — Waihi Welcome .. 2d 0 2 — Waitekauri Kinjr .. 4d 0 4 — Bunker's Hiil .. .. 3s6d 3 7 —' Corbmandel Freehold Proprietary . .. ~9dtolod 010 — Great Kapanga .. .. 51d, 6id 0 8 054 Hauraki No. 2 .. .. Is4d 2 0 14 Haurnki.NoHh, paid up.. 4s 3d 4 9 4 0 Hauraki North Contributing ....■ ' , „ 3a 3 2 210 i'lrOsfress Castle Kock _ Bid 0 9£ 0 8 Zeaiandia .. .. lid 10 — Sceptre Contributed .. 6d 0 7 06A Ptolemy .. .. 2d 0 4 — CploneJ Leniessurier is taking the Ohinemuri Gold MiningCotnpany's property Home, with aview to its flotation on terms which will give the venders 20 per cent, of the shares, and make provision of £4C,000 for Working capital. There is nothing binding, however, on either side. The shareholders in the Mclsaacs Company have authorised the Directors to sell the Company's property. Advices from London by the mail are to the effect that negotiations are still proceeding for the disposal of the Diadem Kuaotonu proper ty, and favourable news may be expected shortly. At a meeting of the I'll Try Goldraining Company (no liability) a resolution was passed authorising the Directors to dispose of the property. The Chairman said the property was at present under option to a representative of a certain influential financier for one month. Terms—One quarter of the capital in the new Company either in fully paid-up shares or in cash. The Waihi Grand Junction some time ago cut the Martha lode in the Waihi, the last section of the Grand Junction property which then carried gold, but in small quantities. Sinking operations have been carried out on the hanging wall of the lode, and today a telegram was received from the mine that the assay had turned out remarkably well since. Reticence is observed on the part oT the local authorities, but it isetated on good authority that six assays went several ounces to the ton, the values being stated at from £12 to £15 per ton.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP18970522.2.38

Bibliographic details

MINING NEWS., Press, Volume LIV, Issue 9733, 22 May 1897

Word Count
493

MINING NEWS. Press, Volume LIV, Issue 9733, 22 May 1897

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