COMMERCIAL.

Dominion, Volume 2, Issue 501, 7 May 1909, Page 8

COMMERCIAL.

'ir|*i;:vJ-M;":"-S/THEiSHAItE^M^iaST;;:v!;.;.,'/;-:; fi^i^/itovestinerit:shares ;wereuyery } -quiet/a'njl-thb f ''sale' reported' was; that'-of .Ward: and Co./ ■v : v/'Cbrewery shares;,at:J£4 l -15s; : ■',There-were' sellers of:Nataonal'Banks at.iiCs;Bs.„Equitablo 'Build-: 'S'vw:a;ing > Investment/ J% ; .'>!>buyers; Hi. 3di ! ;'. ; .Wellington:Tr.nst : .:and;Xpan,; sSrSfegollers' '£!> ls/r Wellington/Depositi/sellera-Sa.; .•#:/'«/ 6d.-, -ex dividend rChvistohurch Gas, sellers ,'JE9 ;l ;as;;?l?eUding-;.Gas,'::buyers:::'ifil;;.Christchurch ; K?:3:;<::Ment/:sellers,v£lo.-55./Union i^ ( lss.;: sellers '-'JBI- 155.;.6d.;.-Kaiapoi pre-'fiKv^'fererica;-"sellers £s ;' Wellington- Woollen, : -or-, K:\vSi diriary; ieellers"'^63; -! Westport-Stcckton Coal/ S-;i'i:Ss-s : '6eliers::BsV-9d.';':Kauri;Timber; 15s.';paid, sellers. «?}rM'par'/Leylarid-Q'Brien:Timber; sellers 25.3d.; §SVift Ne*SZealand:.D/ugß;:6ellers ; iE2:.7s.; :Now.„ZeaS£:$SK laiidSPortlaiid;:Cement,? buyers/^; : ;Taranaki; ; . :,5/ /; ; ?^:;/S !: '.- TheUntewstsyesterday;,was absorbed by.Waibi: :SK'i- f ;I -^^Btooks. "■ '■'•r At L thb'-;m6rning.i-'Bitting;<a:','sale';6f Bd/was.made., $if : :-'-*. on'.'Ch'anKe/and ; buyer3.were' reported at;iC2:3B, J ;-;<g«,'i;'/and•-JE2:ls; 6d;,-.buyers lowering-,their quota;i£2.ls;:Od^iWaiHi;shares sold at.jEO 19.. ?:"#::-Jt:ed..sWaihi: ; Eitehde'd: it ss; 3d.' and' 55.,Gd., [ and iiS 4 aB.-uiider':-r.v-^':v>r-'iS '■'' "ffiflv ■//-;■','.:^ : -!'^ ::

|]l|pCEAN|iCcitENT:> :'/Iv-lThe .report iof -the; Ocean Accident and Guar-, iw'ithe :meetihg oh'.March [SO,-, states, .that :;■ the; :<;; .':Tbvehub v!f or :.tho /year' 'amounted /to; J Of '-this/: the ;totali prbmium /income,' ;less/re"-; !h : / ; ;'; to':'il;4o2,2oo.;;; v Tho.. in come/ from .investments, :' ; v : .aftbr:;:makiig 1 ; ; of ■ ii.%leaseholds, ;Vwas; -^52,780.'.,;.-.;-The' -.compensation-. W)'laU eipenses; /amounted'., t0..^797,036.;' , 'lnvest- i iii merits':an'd'-'other'.assets' a'mbuhted 'to 'JG2,003,798: :':«.-Aiter.*debiting' ; all::crmr'geK ; -::;-:iemair«;'' : inornding S.the/ amount 'brought for-' ;:.S ward/ a. credit ibalahce '} of < £1i1,4&X from iwhich; l feS?must-fboidednctrf::the;amount:ito;bb'.set;a'sida' ':?;?;^^asrproyisibri'ifer.unearned /premiums ,/84G7,812, M,' "leaving available a;revehue.;balahce pf.JE273.C71. ■yi.The'ldirMt6rs;'prop.ow''to''de6laTe : 1 "'ScidendoflO.per'cent. fbr'.t^Q..ycar, : together:'witli. '£•;' 5/per'c'ent;,/niaking;a'- total ;disr ;? ; :ttibntiba':for:the;yeaT-:of/25'';per::ceat.'/ Tho; :'. i,';.- balance' /rtmaihihg/will::amount;; to/ i£232,747,; ; «: out /of i.whic-H: j the/ directbis; have'/decided/to Zftadd -' : £SWO :.:to'-' the' staff • iprbvideht' "fund/ aarf- to: • '-fi■ carry.::;fprward -tthe^alance^i^TW* '. ':;; ; / : ;.;; 3'Sl/The'.balahcMheet'of'the 'Bank'of Australasia /,':';, for': the half-year ehdedjOctober 12,' ; 1908,";shows' "&U that I- tie";, net -.profits /earned..-for /the /period. ;¥f:amounted/to .with ;: ; /iiE212,029 e'arhed'dtiring.-the April,half-year,,and. //r;.£205,749'' earned';.'jlnring l '.the, corre'sponding'fsix -.$ /'months; in": ;1907.; -:/ With'-': the ? amount 'brought' ■fe , ;forward, ; .>J>l6 l lM;sthe.'directors had available- : /The :diyidehd.:at::the;rate;;of ;12'per y/icent/per:'.armnm;'or: i^:Bs./per; :6hare/'aha ; a: ■i/'bonus'o£ Bs. per share together ;-:;; , i;O,ut:iofi.'this/.Y^6o,ooo!thas , ;;beei:' T j>laced;.t6:'.the, /'-v credit, of ,'the'-reserye: fund,.raising ; that' fund. :;/';:to/il,610,000,?or/iE10 1 OOd/'above;:the: : hmbuht';oi, /ViVthe paid-up capital';:£ls,ooo is,devoted.tb'.writ-' ■///vjng/down/premises;/which j/now at - : :*'/ : i£195,12G.i/ After:: making 'these" 'appropriations. ■-/;:the':sTim of ; forward;.':Tho:de-' ;-':.:'posits' totalled;-i£)5,205,568,/and- show' a'.decline' leading figures of the balance-; //•/sheet, ..compare:. with/those/for;: the,'•'correspond-.' ] the {under:—:/; 1 Mf- '■& - -p& ■: ; ;' • &IS& Oct. •Kv":?. befc ; 12, xy < :C:^v:;:SSv;S"/S:v^ ; M- • Dopbits M ; 15205,558': ■:-%:; , »Bilts..payable/etc;;;.'!;2,5C1,583:::5'2,458,769:;'; ■'.. /;;::;:/:/Circulatibr/aJ i v;;!.;/i;505,428.'-:/ 510.547'';'; ■ivy c/fCapital.;/.;.;#.;&;£;: 1,600,000" / i.600,000•-',- ; ; 1,610,000 : \ ii/:;:/:Loans at:call;etc.'.".V/,:967,895- : - .'250,000 : V.;. ?/:'/;:; Govt. : </:-.// : :Advar,ces, ,etc.-:;.;v.'M5,771,653: ; .15,49G,183 ■.<■■ :'• 239,572'-5v.T.i95,127':^

s,','lho.repqft.of ,the;Koyal-Exchange : Assurance' ?, that.'in■ the ; fire-department:the : net; premiums :>ipr .the year,amoTuite'd 'to ;£'li>i,&b;' which; :with ffi interest;/ gaye-:a-tbtal : anopmo:,of -'-.'.The » losses;after, providing' for: all. known. claims -to ■;.- December 1 ;31:, amounted 4b j&J30,753,-being' 57.08 « ; :pe.r'- cenfc.otythy.-^ : ; ithoVespenses bf/manaKement U'TVere.i r together-; being.3s,Bl per. .'cent.' j 1 of:; the'• premiumß.vS;The /.fire -f ter-- trans- ■ ;V-ferring: to iprpfit'andtlosg.^a'monnts-to' W,ln ; ithe jmarihelrdep'artmehfc '•'■. the J net :;: premiums;- i/receiTe^K^amonnfed-';to;. ■ti,wMdhj : .--ftitli? interest,?gave;'-a': total'income of' Josses .paid.'.'for 1908/ and previ''!oils' yearslwer'B.''^lsß,247;^V^;The ,: niarina- fund X-; bility. department the: net premiums ; amounted t;v'tp;r£U9,63li< 'vMdi; "Twith interest; gave a 'total v-iinodme,' of'.'Sl2i,97l).'';.v.Thbib'usineas:'has-been' ■?/^cilrtttUod^^^ring.'>tbfl•;jp'aßt>T«lwVv^ls^the^?'direc^ , ■?;/.tors:are, not ;<yet .-f satisfied'..-.that-' ': ; V.'volved.y..:Tho.,;lossos paid'amounted r :tb.i£B2,63i. : .viExpenses. .'of; management i aridccommission'.'ab;:f 66rb<jd r^A39!). :ft '-.The'::employera'.:iiability fund: ;Snow;stadß/at;^93 ) the:het;: premiums; amounted "t0.■£28,173,' > j';^ivhioh,.with,'interest,-gave! i a -total"income: of.' ,^•28,75^ cfcnowh ftclaimssto. vD>cemberV3l/ /.absorbed; '.£9087; ■■;": The- accident -fund; ;;s'now:.:.stands :! ■>. Ih:.the .trustee ;and. ;•; executor/department .the:fees received, amounted ■y r fVm. !^Tho: : balanco.of • .£7ll -has' :been'"trane- •■■;:. ferred, to tho.Jprpfit .and.lbss•.account.: -oTho ■::i balance/of/. the .profit: and; loss : account ;feeheral .;.-ie^iTe;-fund);-'.after'or.edi ting.theaccount with '■v. ': W, -:and-,' interest -for. -the.; .'year, v'arid v- ;'- oebinng .the marine loss,-; amounts to 'i£218,511 : ' ;;. ■ -The', assets amount- to / i£547,850;./ :; >', ■'..-•'■' .-■■

■?>,■ 16 JCustOms/reyenuo'-'.colWed : at>Welling-' v,< 3s; Id.'//:/•;./ Y.). YThowNew;. ; ZeiilandUioanv andV : 'Mercantile :-rAtßicknoll's .;.v ; clearirig isale.^we"obtained .good'prices ,!or all vy]in'(>s;;offered; and/a-very: eatisfactoTy.sale'ieheavy/yard-' :>j;ing,i of'.vtotHoY-met.-with'-'good'■• cbinpetitioniat ?v: prices-. in favour, of the Condors'... The few ; shecp jyjeritered^alSo'metimth.'.goodVdetnaridJ:At'.Paf' ; |S'ineTrton' ; 'N6rtl»^onVThtir3day>/we.-.had!' : a''.taall. 'M entry '?of..'sheep/, whioh ■were -quitted:. at'■ an' ad-' .;•.; vance :6n"last/week'ssales;.,.'Cattle'-came;for-'-lin ;iafgp -numbers -and/SltHb'neK several; :4vpens : Vefe':':p&sed,^ t/rnuitted; and' f yerj;-little;!ivi»Murned:'oftt r-unsold; (mostly. .::;'Bmall',arid:.6f. -.medium;'cj'uality)i' up'ito''jC7'.lsi.,. ,'*••the wholoVho'rd;;averaging' M; vwearicrs.' Ms.'; .'.-'balli.fSSs/iiiewes-ihv'lamb.'-Ts. '5d.: to "10s. .id.; :■ ;haclc;*an'd: .harh'ess'/horses, ' i/69/to ■' £W ;'• 'spring." J. carters; iEiG j'light--draughts,'/C23! 15s.'; : "porkers, : :<^v:-:.6d;;';drUl/.- .' : .'other.vimplomerits' 'and; vehiclesVatVgood,value.;■;,;'Eaumai(Sale: SheepjTCulllambs,' 3s:■: 10d. ; j.aged: ':,;'ewes,;ss.r6d.;rforward- 1 lahibs;yßs.-.lodj.',Gaitle- i; ' :V. ' Weaners' (aged)', ; 22s.' ; to -235.;; Treaners. (small),, ;i..YM?.'G<L to 12s. ;'yearlin'g\heifors,',27s/;\18-months; •'/h'eifors; 39s.ryoarlihg'"steers'(small),i29s;;'empty : :/KZ to 2J-year:heifer's;-*C2,6s; :to: £3,' Bs. '6d.;-hoif ers :■ ; }■ in} calf,-.£3'lss/: to ',£3,175. ; Gd.'; "dairy:cows in ''^' , edlf/' 1 .'.';;•. £2 ss.- 6d.; 18-months"steers,' £2 10s;-6d;; for-. ;;.-: ward .cows,. i!2.l9s.\:6cU : ';•: ..ton;North; Sheep—Ewes in lairib, ,'9s.'.6d. j forvMward .wethers^'\los.Ysdi'to, 10s.';Vwethers;ißs..Cd.'; i 'cull lambs, ,3sr. Cattle—Tcar-'-1;;ling, '.steers"* (small)/'. 265.'; ISO-month', steers, ■£i '-;■ '■■'' -135./ aged cows,.'2os:''to.-255./heifers'iri' Bs/to 15s.;"cows'in': calf,-X-2,105.v;t0 i£2'lSs. j •S 2J-yearsteers; v£3 10s.; to - vlls.; 4d;;'. fat cows,' -■ ■'■';' *3 .-10s.j' fat; beifors, -ISA ls^Ms,'^:ss;'to v:g£!i :■ 10s. f. ':&': j,..', ffity;Vfc£s; i ;t>#;;/V:v ;-■. V;.? Dalgetyi'and;'C6.',>Xtd.',M report :-irAt >'}our • Palmerston'. sale. l 'yestprday''.':there7i,was'';a ■,'■/■/medium /entry"-.- of -sheep ; nnd: a-heavy -,''■.! of'cattle.' /./-We"quote:— CuU lambs,/'as.*'ld.; '.---:miied lambs .(small),'6s.'6d.j go6d':lambs, J t6'Bs.' •.' -3d.Jiewe lambs (small)i\7s.''Gd.';"fatUambs,. 95.; "■'('. fat 'and forward ewes,; 9s. ;Bd.;' 1$ tooth: ewes in ■■■',: ' lamb■ (small), : 9s/ 6d.-i• 18-months steers,: £i. 2s. ..'■*" 6d.; 2s-year-Hereford''steers,'<B4.-9s.';,spoycd.lor "; '-mbnths heifers', 395.;' ditto 2-year/£2 75.; 2-year '.'..'.empty heifers,:JC2 35..6d.,-:fat heifers, J!3 17s;- ' , - 6d.; fat 'cbws, ~£i -Is. ri at bullocks, £6 to X« •'■'•'•9s. 6d.;.3-year'steers,.'iSi lss.;:store cows, 255.' ■ ;:: to, 363.; stags; '£!.[ y-'.:;Y ; ;v,, ';'.'..■;; ;' '-, '■'*■■ ; Messrs; 7 Abraa'amiand 'Williams; Ltd.," report ' v-/tHat / at Paimerston North: yesterday; an'excep'■;'lf.tionally good yardihg,of:all. : olasses of stock :/'■ came: forward,' thol cattle .pens.being .taxed to ' ■'■?.- their'..utmost'capacity/ ySheep Showed : a; de- . .'' cidedimprovoment/ibutcattlemet with a dull *'? i- sale,'-: probably'.owing' to'' tho Ivery' heavy yard- , ■/; ing. : Quotations':., Sheep/mixed aged ewes/it '-;,'v loinb (good), 12s. Ltd.; ,-1-tooth to sound moutl •■■■:'"•■."ewes,-8s; fid; \ to 9s. 7d.';and,9s. ;8d."; 'aged owes; '.I 1 Gd.,'.85.'11d.,.t0 105..6 d. : ■-'".'empty "ewes (poor)/'4s....7d. to'. 55.:. sd.;' 'kooc '■'■■■■■■ lambs, Bs. ldi.jsmall, ss. 6d.".t0.65. Id. 'Cattle-' :• : 8 and 31-year bullocks,. £4 ,155.'t0'. jes; -2 and:■ 2'i

year'. 1 steers',' £3;.55.,; £Z : . 145./Gd.,. to; .£*;■ 18-. months to ■ 2-year; steers, ■ .£2 55., £2 9s. 6d:, £2 135.,' to .£2 145.; 18-roohths polled Angus steers, £2. 145.; mother-reared weaners,\2os;.; fat cows, <£3.85. to £i 155.; forward cows; £2 10s. to £3; forward,heifers; £2 2s. 6d.r,weaners,.ss. tovlls.. ."■'■Mr!';Ernest Leightbn reports.'as ! my "clearance sale of Mr.: Hamilton's dairy herd-on-Wednesday ,thero was - a large attendance of buyers/'-ahd/competitionwas' very,'keen" for . cows close-toprofit.- I. sold 22 head./ as foK :ibw: : -ilO''2s.-'edi,----a9.-lls.;''-iß9rje6'7s.',fid.,.i6; '•MVis.i6i.-i , M'lßa:.6i:,--£3-125.:6i i ,.£& 125./Gd., 'J33 ; lßs. [■■£s:Vis;;'£l'2a.:6A:;.JlA -10s., £2 55., .£3, •.12s;"-6d;/:^l 7s. '6d;, £i „7s., 6d., £3 75..6 d.; '.£3 ns.,-£2 35., and £ 255. /. -/■/ 9/i: / //;. .;■ LONDONaiAEKBTS. : ;// v /-V''.:'; : '- The-' New I '■': /Zealand '.-■ Loan..-.' and;; Mercantile Agency Company,-Ltd., have received the. following- cablegram from ■■ their . London house, dated May s:—Tallow-We quote present spot ■ values' -for- tlw -following--descriptions:/ Good '3d.';: good ■. beef; 295. ■ Od.; mixed, 28s;;'9di" Market quiet.' .Wheat: Market: has .adyanced.ls.'.-per quarter... '. ;>':/ // ,;. : i;;f:.Ziri ;/A D,.'■ CO.:/ .;'/;• v./';; ; /'; ■ ;/■■' ';.' fjIYTBLIUBArH-T-PEESS ASSOCIATION.) /'/;: ';: ; :;^,v^; ,; ' I : -' : /';/y NapierpMay 6.' : ■?■'' The C. C. and ;D;', Company .cable i—" Stocks of frozen'meat are very heavy and the demand pob'r."; : iThere .has", been. a further,?all 5 in values o£■:• Nor th 'Island : mutton:,of second' quality : and lamb.-.'Quotatio'ns'i—.Canterbury. mutton, /Sid.';. ■Napier,; Wellington, i and- North •: Island, 2Jd. Lamb, 'first/.;453.; second, 4Jd. ,' Beef: .Hinds, ■Sjd:i;fotos.;.2id.f;.-.-:'■.'•;;■,';• ;-"•:,»;■/. ■ t;";d ; : |C JTA^QW'AHC^ (BY TEtEaEApH—press , assooiation--cop's:eiqht.) ■'"•''i'":!':^';."'s''; '';:; - ; London; May fi. ■ ■ : : At the tallow.auctions 1628.casks were offered and :970 sold,': at;■ 6d. per owt.' decline;;.-,' .;■'.-;/;/'-: ■j}\w'yf:: ; *:s&:i-$-:'<( : P v-.- ''■:'• :■ London/May 5.:.:. on;the'spot/.£57/153.'per. ton';,three months, \£58;89/.9d.(/ electrolytic, ;^ESB:ISs.■-/'■'■■■,'■■ ; :;Lead;^!l3' : 2s.':6d. ■per'.tbn._ :/;/■' .;.'■ .-... /':://. ■S; ft/LONDON WOOL/SALE& / J.;/V ; i AEE^TRONG/V'n/f: (BI.TBLEGEApiITTPEESS; ASSOCIATION—COPIEIQHT.) .'//;::";/;' ;'■ :v^:-/;:.':;?■••■'■■-).'•. -:tonddn, :May.;s;'/ '•:The'.';woolsales'are" animated.;.'■'- '.'.' . .■';■'■ ...■Merinos are fully 5 per cent; above, thei March; 'prices.'-/;-'-'.'-':"- ;';'■'■■/:■;'■':'-■:-. >: \';' ::;'. v ;..-. : "'"•/- ,: • .Crossbreds are'strong; at yesterday's ;advance. ■':■ Thb Department-of Industries 'and Commerce '/has.recoivedithelfollbwing "cable from the/High : Commissioner,;date'd 'London,; .May.s:—/; t,. : -r.• ■ ; Tho wo'ol : ,salos : commenced'.with a. strong market; : f There:• was'it,' large 'attendance, of. buyers; , Americans-•competing keenly for! .crossbreds. !; Merinos'and 'coarso/orossbreds: (all. grades); Id., ;finecros3breds':(all-grades),, and medium- cross-'breds;i(oll-;'grades);'-.-ld; higher' than'.'last sale. The prospects are, favourable.'.. -; - '•' ■".'. : ; ; : ■'-. V' :,V;At':'-th<i :late"iSales;;on : March !- r 27,;«1909,-;. the prices!realised were as follow:f-Meiind9i.Supe-•:rior,"'ls.'.''tO*.'ls. '2d.'i" : 'medium, 10d/:to: 4s'.; in-. feriori 7d/ to 95d; Crossbreds: Pine,'ls. to Is. 3d.;.mediuin/9-5d.:t0.11Jd.; coarse,; 6Jd.^.t0.91d. ; 0? ij-SSj; y;^^ES";MAItKET.'; ; ; ;'^- i J '■[ : (BIr'TBiaaBAPH—PEES3: ASSOOIATIO!f--cbriEiaHT.) C::V;, ,: -J,- ■' (KecVMay G, p.m.)•'; : '.'■';■ r. iijc.;;;!:''^:'^-.-/:'-^;;;-'; 1 ;: ■'"'.;■ Melb'6urne,'May 6.V'. •;■ In the hides 'market supplies wore moderate, and;,there,'/was .a-'good/uemand.;. Prices;,were unchanged;;}:;:.:';:/ ■■:;: ;: : ; : : '-.;''/.■- ''m/-;' ./,'!;' ■.]::;;

a;m.p. society. -:m

£;:iHE^smrETE'rANNTJAi \y. (Bf TELESIiATH—PBE33: ASSOOiiTION—COPXEIQIIT.) /^V.- ; ' :■ v, Sydney, May: G.." ; :;:: The ; issue-', of itlioV sixtieth ■"annual, report of the : An'stralian'. Mutual Provident Society marks tho /occasion-of :; :its'.'diamond .; jubileev .The. amount-/of.now /business "• transacted /during. tho year.'once,more constitutes a record,/ being i in' excess '.of Uhe. previous year ■by no less' than: ■£nS,WO'.' Policies' to the^number.of .19,117/ were, issued ari.th'e'ordinary:.department/'.'assuring-: ,^£5,042,351-.: and .<■ yielding annual: .amounting'.''to". JEIW.B7O; /the'net. gain'.in tho volume/of-business: in' forco"being os :much as '^(!99,000."'';In' ;, 'tb6 V; industrial. rdepartment," 17,499./policies'MveW;issued,/assuring ; ,£590,903 /with; annual" premiums, of'-: £36,453.- The claims' ■by''death'in' tho'ordinary 1 department amounted :to: /including.w£24S,Hs for"bonus additions,/;/lh6/.experience :in, this :< respect, "being, again "'.exceedingly. 'favo'urabjcr'': •'_;!., .• • '-/-'jiv ■ '■:■ '/■/The /UOTal'.raarching''investigation was 'made, into"tho' mortgage securities,,.and a : sum of : >BGIO3 has:, been .written off ■'the values., of /foreclosed properties,/the\vaVue' of office' premises /being;/also;.reduced'^'4l3,2B,o.//Eeferenco is made to the_establishment of.a/branch,office of the society, in-London; and it'ris'stated, that a satisfactory /.commencement' /has/been/ihade, and. that'there 'is;eyjry.:.^indicationVtna,t/;/'a' : largo measure of "success, will attend the .extension; ' /■'■The''.report /of./ thb, aotuary/-v(Mr;' Eichard Teece, JF.E.A.),' opens ; with .an : ! interest-: ■ ing /retrospect'.' of '-/the. transactions;, of tho / last • ten years', ..and 'institutes various' comparisons ivithfthb first 50 years : of the.socioty's history. Tho: valuation has been conducted On the same ;stringent'basis as heretofore, and- the reserve .for: contingencies has 1 : been: augmented by ,£IO,OOO. The amount of cash surplus available for'division' is ,£732,445,' which will provido roversion.ary bonuses .amounting to .'about. J21,300,000." /:/The : rate./ of _' expense is ■ again exceedingly: ; moderate,, being only about 9./ per cent, bn'.tho total/receipts .of : tho year.: Tho. effective rate' ;ofinterest i/ealised ori'the.investments has been 'Well/maintained,: and. now stands' at tho satisfactory;; figuro 2d. per .-writ.-Tho report,' on tho whole, is of a most encouraging nature, and speaks -well for' thb 'present prosper.'ity. and/'future'iprospects of: tie .society. : ~"

MINING NEWS,

■ UNDAUNTED GOLD-MINING COMPANY; :.;, UNLIMITED. >.;.:/■ ~ v : , ; : \. ■ ■■■"'A'general meeting' of shareholders of the Undaunted i Gold-Minitjg Companyi took jplace in Wellington, v : The balance-sheet as at March'- 31 'was submitted and : showed a - credit balance of i£Z(& -lis, '■' 9d.'' The chairman' (Mr. Johi Ewing) and the managing director (Mr. T. 0. 'Donnelly/ attended. .It -was explained that the improvements in results of gold won, which have taken'place in the last 12 months, have not been 6o;great .as. xas. expected,, and it has been decided\:to shift,tho r 'elevators to'-a ■ portion of the claim where 1 Better: deposits are known to exist, these having; been proved almost up to the Undaunted boundary on the adjoining holding, At the.meeting the following ; directors were appointed •— Messrs. John -. Ewing,. Peter Flannery, William Watson,; J- and J. P.' Maxwell. "■. ';■';:. ;V ':■■: r'.- stock 'exchange. ''■'■'. Thb following'wire 'was received yesterday from'tho Consolidated Gold Fiolds, Ltd., by the •Wellington : . Stock■■. :■ Exchange: —.' *' Progress— Crashod 3775 tons, yielding ,£3853; cyanided' 2180 tons, yielding ;£734.. Wealth of. Crashed 1350' tons, yielding .£1832; cyanided 780 tons, yielding .£6OO. Blackwatcr—Crushed 2232 tons, yielding £50(10; cyanided 1155 tons,'yieldyj;.;'•?;;,;:/ .■:■.-;'.,'.-;■■.;.:. '. / ; , ;;:'.';;Ji \BIGi'EJrVTDR:COMPANY.:;• .:• ,■ -•. '.';■.' :' (HI TEMBEAPH—r-EESS ASSOCIATION.) ■".'■.-■. Reefton, May 5. The Big EiverCompany has declared,a divi- . dondof ,25..., per share.

Buyers. Sellers. Sales. ) £ s. d. £ 6. d. £ s. d ' ' IWaihi Grand June- . tion '2 19 - 2 16 iWiuhi 9 10 9 16 9 16 , Talisman 279 283 276 ■\Vailu Extended ... 052 054 054 Waiotahl - 0 2 0 Waitangi ....'. 0 4 K 0 4 6 — ' Con. Goldfields 016 3 - -