MINING NEWS.

Press, Volume LVII, Issue 10634, 19 April 1900, Page 6

MINING NEWS.

(By Telegraph.)

(FHOM OUB OWtf CORRESPONDENT.)

HOKITIKA, April 18.

Business men in Hokitika evidently believe that the district is on the eve of a substantial mining boom, for at a meeting this afternoon, at which Mr H. L. -Michel, Mayor of HokMka, presided, preliminaries in connection with the establishment of a Weatland Foundry Company were arranged. The capital proposed is in pound shares, and it is estimated that ±57000 will be sufficient for the site, buildings and plant. Local business men have expressed their intention of taking up 5000 ahtires. It was stated at the meettng that there were thirty gold dredging ' companies floated and registered in the district, representing capital of £300,000,- and that there were a number of others in the initiatory stage.

(rXJWS ASSOCIATION TSXJMHtAM.)

DUNEDIN, April 18.

Aβ showing the extent 'to which the increased activity in the dredging industry has led to an increase of work in the foundries, it may be stated that the irumber in JariWy, 1898, was 1016 men in Dunedin foundries; in 1899, the nuxober was 1144, whfle in January this year the number was 1620.

(PBXSS ASSOCIATION TELEGRAM.)

DUNEDIN, April 18,

Stock Exchange sales at premiums—Boundary Creek, 8e 6d; Cairamuir, 21s; Diggers' Pride, 3s 9d; Dunstan Lead, 30s; Golden Banner, Is; Golden Molyneux, 5s 3d; Golden Ripple, Eβ 3d; Golden River, 2e 3d; GcJden United, Iβ; Grand Junction. 9d; Grey River Consolidated, ss; Kelly and Casey, 13s 6d; Leaning Rock, Iβ; Marsden No. 111., 3a; No Town Creek, 4s 9d; Paciolus No. IL, 3n, 3s 8d; Reeves'e Proprietory, ss, 5s 6d; River Molyneux, 14s 6d; Roxburgh Lead, par; CCeremakaii, 4d; Vincent Extended, 255; Waipuna, Is 9d; Watterson's Consols, Is 9d. Paid up shares sold—Electric, 40s; Hartley and Eiiley, £11 10s, £11 15s, and £12; Perseverance £5 13s; Vincent, £3.