COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 626, 1 October 1909, Page 10

COMMERCIAL ITEMS.

: INVESTMENT SHAEES:. ;. : ' A sale of Sharland's Ordinary .at -203.' 6d.' was the, only transaction recorded yesterday. ■' . Weilington Investment, buyers; lls.. sellers lis. 6d.; Wellington .Trust and Loan, -buyers. £5' 19=,, sel-lers-£7 2s. ,6d.; Feilding Gas, buyers 215.; Palmer'; ston North Gas, ficllers £7 155.;-Wellington'Gas,' new issue,- sellers '■ £2-. 10s.; New-' Zealand. Insur* ance. buyers' £3 17s.'; -South 'British. buyers £2.135.;-.Wellington,.Woollen, buyers £3;, New Zealand Paper ' Hills,.. ;buyere 1 £1' CI:: Sharland's preference, buyers:'£l Cs.,6d.;'WellinKton Opera Horisc, .sellers £7 17s. <d.-. . Tho course of .sales.during the'past month'was as follows;—-. - . , ~ / ■ National .Bank; "£5 lis.' 6d.. £5 'Us.' 6d., £5.195. : ' '. "Onion Bank, £64.175. 6d. •'■' • ' • ' New Zealand' and.'Birer Plato. £1 '14s.'- 9d. , .Feildiug Gas, £1 lfi.: 3d. • • „ Napier Gas, £5-paid, £12. ; i ■ Palmerston North Gas, £7 155.,-£7 155., . £7-15s. Wellington Qas, new issue. £2 2s. 6d.' premium. National' Insuranco, £1 Bs. : 3d.' , . Standard Instoance, £1 3s. •• _ Christehurch' Meat. l £10 10s. i » ■ " ■ Gear Meat, £4 paid, £10 ss. . New Zealand Shipping, £7 2s. Wellington Woollen,£22lß st £3. '. Hikurangi Coal, 20s. '■ ■ Taupiri Coal,. 19s. 9d. Westport-Stocktpn Coal, ■ 7s. ' Consolidated .Dental,'24s.-9d.. 245. .3d. ' Loyland-O'Brien.'22s.,'2?.s., 225.', 225. Upton, Ltd., ' £1 <3. lOid. . Sharland's ordinary, 20s.'. 6d. Sharland's'preference; 205.'9 d., 20s.' 9d., 20s. 6d. Taranaki. Petroleum,. 12s. ■; ■ ..; - Wellington Opera House,>£7,l7s. 6d.' ' , DECBEASED CUSTOMS ' HEVENUE, Conseouent on a falling-oil . in imports. - the Customs revenue colleoted afr Wellingtbn durinir tbo Quarter ended September'3o'shows a marked decrease.. in ' tho figures for ."'the ' corresponding period last, year. For . the ■ month ' of.' September tho revenue amounted to £63;432'175..9d.. and heor'jduty to' £'037 Is. 6d. For tbo nujrter, tho' figures were:—OuJttoms revenue;.' ..4s. lid;; beer duty. £3312 lSn. 2d. For the . month--of Sentomb»r, 1908. tho Customs 'revenue amounted to £69,672 12s. 10c1.. and for the' quarter ended Sontcmhsv. W,'1908, the total was '£230.713',155. : 3d., or £37.932 10s. ,4d., more than " for the. quarter just ended. '. ~, \ -'; ~ . . ' AUSTEALASIAN INSCEANCE COMPANIES. : ■ The ''Insurance and Banking-. Bftcord" - has analysed; the accounts .of .sixteen. Australasian, fire and marine insuranco offico3.'for tho past year (in .most cases .the year, 1908),'. and, tho' results show, that thero has;,beon sno improvement on - : the nrovio'ns.'- year. ; ' ■ Tho' - principal figures compare, as under:- •'' ' ~ • 1907-8. "1908-9.-, ; ' ', K'" Capital Raid up ~.'M®ja47 ~ 1.295,'347 ~ .Somn. Total; assets ......... .1.035.053 v'- 4406,4.45'".1ni, 71,307 Net premiums ...... . 1.781.653, '1,795,366 Inc. 13,713 Less-Losses ....: ,1,060,768 1.014.154 I)cc. 16.614 —Expenses ......... . 544,315. V:, 590,683 Inc. 46,374 Trade:surplus ..." 175,570'- ■ iraldS Doc. 16.047 Interest, eto. .......... 134,267 IJW23. Inc. ;3,0£6' Total:' profit 310,857 ' 237,046 De0,12,55l 175,591, . . 179,191, Inc., 3,C00 ; Ealaico' 135,245 . 118.655 ' Dec. 16,591 Although there, is not expansion, tho dividends averaged 135 per cent, on the.-paid-up'capital. Most of tho companies have extended their operations into other .fields, such as accidcnt and.fidelity guarantee. The returns given-abovo do .'■not; of: course, include the very largo business transacted by. tho British and^othcr.bfficcs.' ' ■ BEITISR, SOISTH AFBICAN! TEADE. • Tho official statistics relating .'to', thb'trado of -British South Africa durinz the first six monthß ? how that tho-valuo of, imports n exports rcpresontins £24,045,749, making an aggregate of £37,994,063. Comparing tho totals.7,'itli those ~fOr .tho corresponding, portion of .tho-previous' year,' imports .are'"greater in value by £2a'..4?7. - and oxporti by :£1,710.639; tho aggregate gain -being '£1,992,126 ; for',,,tho half year.. ;Of tho imports Great. Britain supplied 70 - 7 :~i p p?. .a?d qf;. : exports ; 92.9.. per''-cent. wcnt_to tho . United Kingdom or other, parts'of tho Empire. Australia's contribution under tho former.:heading:amounted to £898,261, or„7.lpor cent;, as against. £1,024.015; : :'eoual--to 8 ; 2 per cent. -, in, tha', earlier. half ~ of: 1908,', tho' exports a, drop' Of: £73.745, .from £25,950 in.:tho,' i cowcsppndinc' portion'.of. the:-'(tor-rent year;:' Tho.exports of ccroals' of .all 1 kinds during .tho. later. torm ; /nndor, notice, amounted in valuo L.t0,:.€124,f02;. .as. against, ;£198,952, ; '.h;lae '0f:'£74,950;.;c0al ■: decreaßodfrom' „£375.3 M,;' ffom '£71v264 ito £60,835;.,-bark inereased.>'from' £74.800'. td' £99 Ifia. diamondsfshowedia decline'of^£772,s4i;'.an'driro'ld an of £1,399,633;.'' ..In .tho 'exports'of wool significant: expansion; is.ravoiWd, Ihb'shinpent# durlnc. ithefirst, slxotnqrtths yof. thin'yoar having;,bCen^l,9o4,im.;'Nyalncd.'at^l, 9l4,29l. as against 46,C«.0501b.;-, .worth ! .£1,250,386,'' belnir !i>n incroaso' of: 25;241,0}31b. in Quantity., and £663,905 ■in-'value. : ■' , ■;. ■ , ■■ ;, In an interesting To'view'of tho trado of Great Britain '.with G&m'ahy. iri ;',1908 tho British Con- ■ Bui-Generalat 'Frankfort-on-Main, succeeds ,in showing that,''whilst Germany-must bo regarded as ono. of the - best; custbmcrs' ot tho United Kingdom, ,tho British, inarkr.t' is undoubtedly", a consideration -to- the former ' country. ■, In half finished- manufactures,! it appears,: tho United Kingdom prcvails'in the',oldor, industries.' chomicals, raw ■ stuffs;., yarn." wool;>,hides; eto.r- beinK shipped to 'Germany in 'great. quantities. 'This predominance: extends alsd to. ililishcd coods in some of '. thcs'c industries,. and ovon now! Germany -Tccivej '.from tho United Kingdom raaohincs for .-industries. in : which . mcchanical working lias already tor'somo time past, bean intro-' duced-rc.K., ".affricnltural and hostile niachlnbs. 'On the v 'other:hand,-the .United Kingdom receives from Germtiny,machines'fpr ..tho nowor.,bra'nolies" of .manufacture, cucli as olectrd-tcchnical machines, mining.inachines„;btc.. The fact .that British industry, is', steadily "securing: tho .'market .in Germany for .entirely' modern:;articlos-goods; of fashion and 6f; luxury—may'bo,gathered by.the •increasing-.lmport by Germany/ of '.'.prepared leather,'lnco goods, British cloth, plate-glass, pori ci'lain,;;chiriav and' hijjh-class' not 4 paper. Tho coil export,'frbm-the United Kingdom Mo 'Germany, ;twhir,h.;.had . increased /during, .;few years, has suffered :,a hojiyy drop, owiuc to tho unfAvourablb economic .Tho export of synthetic, indigo to :.the, .United ' Kingdom, on .;tpe' other hand,- has 1 increased, while : tno. German colour industry has, generally , speaking.'suffered :a..relapse. "The, decrease in'tho import -.' of British«yarns." 'tho Consul-Oeneral adds,, '/'is -'.no.' doubt • intimately ■■connected' with the unfavourable , position ,<if tho textile industry; the total export,of. which in 19C3 has decreased by .about SW.K'O.COO marks. - The British export',of raw iron, to"Germany has- decreased to, almost - 50. per cent., while simultaneously Germany, has 'almost doubled hor export of hoops,/bar iron,- etc., and. substantially raised her export of _other iron goods. Theso changes may,be explained by tho, bad times experienced by tho iron industry,in Germany, which, owlne to. the laoli of sales m tho home .market, found' Itself compelled -to. forco its competition" on the world's market; otter at. a.substantial sacrifico." Cn'ntoms revenue collected at Wollineton vcs. tcrday amounted to £965-17s. 4d. .' LONDON WOOL - SALES. (By Telegraph—Press, Association-Copyright.) . '.'London, September' 29. At: to-day s wool auctions thcro was an animated salo at lull prices for all sorts.

■ ATTSTEAIJiS WOOIi TBADE. . A DEADLOCK. (By Tftlccraph.—l'rosa Axinclatlbn.-OnprrletiU , ■ ■...■; , „ Sydnov,. September 30. ■Owine to tno deadlock in the wool trade Saturday's. sales at Sydney and Brisbane'have been . postponed. . ;Wool to the value of over a million pounds is tied up. ■ .... • . TALLOW AUCTIONS. (By . TelocrnpU.-l'rcsa AMiicintlon.-OoDirrlEM.l London,.. September 29. At tho. tallow-sales 722.casks were offered and Bold. Prices showed an advance of 6d. per cwt. The Kew Zealand' Loan and Mercantile Aeency Company have received . the-/following'* cablegram from, their London House, under date September 29:—"Tallow.—Wa quote present sf values fQr the following, descriptions of tallowGood mutton, 325. 6d. per cwt.; good .beef, 1 51b 9d. per cwt.i mired. 30s. 6d. pur cwt. ' Market firm. _ ' SILVER. ' (By Telcsraph.-l'ress ABjoclatlon.-OoDWlebi.l London, September 29. Bar silver is quoted at. 23 U-16d. per ounce standard. ■/.; ; - AMBItICAN-WHEAT. • '' ; ' ; (By Telegraph—Press Association—Copyright.)' . ■ . London, Sentembor 29. ' The American visiblo supply of ' wheat iq 33.C60.CC0 bushels. - .': • ■ 13 0. 0. AND D. CO. (By Tolcgraph-Preaj Association I ■ , 'r, ■„ '. _ _ Napier, September 30. . The 0.-C. and P. Co. to-day cablcd the following report:—Frozen meat market values in mntton and lamb aro unchanged, but the beef markot is weaker,'and hinds' have ; declined id per, lb.' ■ To-day's ' prices :—Mntton: -Canterbury' Jld.; Napier, Wellington, and North'lsland, US'. lamb, first quality,' 3Jd.; second,. 31d.; -beef' hinds, 3d:; fores; 25d.

MINING NEWS

-WELLINGTON MINING MARKET. . A fair business; was done yesterday, tho chief feature beinp tho recovery in Waiotahis and Consolidated Goldficlds. The day's sales were as under:—. - , Mountain' King (paid); Is., 2d. (first call)r ' . ' ' New SyKia,'4s. Bd,. (first call)., ' Saxon. Is.; ?Sd.-V{third call).; . . . • Tairua' Broken, Hills, 25.-7d.\(second call). . v Talisman, £2 14s. 6d.,; £2 14s. 6d. (first call): £2 153.', (third .call). ■!.' ■ ; ■ '.W.aiotahi, ss.- Id. (first.call); 6s.'4d;, 6s, 4d. (second ,'c^U).. N . Waitangi, 3s. 7d. (flret call), /-••iOongpUjftUd-. GoldfleWi,- 18s. 6d., Mi; Jd., '10b, 9d. (first call); 18s. 3d.' (tjiird call), ; .

, '■ QUOTATIONS. . \ The' latest: quotations;with 'tho .last 1 recorded sale 3 were as under:'— •. ' • •. - Buyers.:'-- Sellers. Sales. •" . .. £ s.- d. '£ s. d.' /£>d. Dominion . : 0 0/4J . ' .—. •Golden':-Belt •:.. 0 1 0 Kuranui .•. - ' 0 1:2 . — 4 Kuranui'"Caledonian" 0 I*6 '■ 0 1' -8 — • May Qticen o'4 6 0 410 • — Maoriland. 0 12 0.1 v 3, . -.ITountairi King (paid) ~i .• — . • - 0.1-2 'Jlountajn King ,(con.) ...-0 0 9'.. New.-Sylvia s 0 4-9 i'«'0 4 4,10 .0.4 8. Ngatiawa - 0.0' : 3J" ' —* . Old' HaurtUiv .0" 2 *7.v 0-211 .' nQliajic6-. : ( *l.M. r .'.-...v.'..,;.-..M —' -0:0 ,4J. — ' Ba^otio.- ti 4.;,0:-i o. i uTairUa.Broken'Hills 0'2:7 . • —. 0 2.Y: Talisman '..: :2 14 6 2.15 .6 . 2IS 0 Waihi 9 12, 0;-. -- '• - • •Waihi Extended • o's 1* : o's .2.;' -r* ; '- Waihi Grand Junction .2 9.6' .2 10-0-; i. —. • Waiotahi. 0 5.5 ..0 »5 8.0 6-4 Waitangi' 0,3 6 •. — 0 3-7.. .Watchman 0-.2'-9; 0-.3 0. ' Blackwater • 1 '4 6'. Con. . Goldflelds ...;. *0 18 6 -0.18 .9 : 0 18 9 New Big. River 2.10 *0: Progress 012 ; 3 :0 12 6 — Boss. Goldfields 013 0. \ — .. The; course of Bales during'.the past month was .as under:— . ' Dison. Consolidated, Bid., 7id., 7id. : Golden Belt, la. 2d. ! Kuranui;: 1?» 4d., Is. 5d., .Is.' Id., Is.. 2d. ' . Kuranui Caledonian, Is. lid., Is. lid., ls.. 9d., Is; 9d., ls. '9d., is. 10d., Is. 10d.,'ls, 9d. May. Queen,. 6s. 7d.,'65.'6d;, 6s. -5id... 6s. 5d., 6s. 5d;,"65. 2d„ 65..1 d., 65.,-55.9 d„ Ss. Bd., ss. Bd., ss. 4d.i ss. 3d., ss. 3d., sa. -1i3., ss. 6d.. ss. 6d., se.'7d. f ss. 5d.. ss. 7d., ss. 6d, 55." 3d., ss. 3d., 4s. lUd>> 6d., 4s. 7d., 4s. 7d., 4s. 7d., 4s. 7id., 4s. 7d., 4s. 6id. f 45.. 6d., 4s. 6d., 55.,'55;.' ' Haoriland, Is. Ud., Ib. lid., le. 2d..1e: 3d., Is. 3d., Is; 3d., is. 2id;, ls. 2id.. Is. 3d., Is. 3d.*;' 15.3d., ls.3Jd., Is. 4d;, 15."2 d., Is. 2d... Is. 2d';, 15.:3 d., Ib. 3d.- • , Mountain Kin? (paid), 123 d. and Is. 2d. Mountain King (con.), l?d. New Sylvia, 3s. 8Jd.,'33.-5d.,-35."6d., 3s. 7d.. 3g. 7}d., : 35.-Bd., 3s. Bd.,- 3s. 8d.,. 35...8 id;,, 3s. 9d.,- 3s. lljd.; 45., 45.. Id., 4s. 3Jd.,'' 4s. 6d., 4s. 6d., 4s. 2Jd., 4s. 44d., 4S. 6d., .4s. 6d M • 4s. 6d;,' 4s. 6Jd., 4s. 6d., 4s; .6d„ 4a.-6d., 4s. :51d., <s. 6d., 4s. &L, .4s. 7d., 4s. 6d., 4p. 10Jd., '4s. 10d., 4s. 9Jd.; 4s. Bd. Old :• Hauraki,. 2s. 3d., 2s. 9a., 3s.' 9d., 4s. 3d., 3s. 6d., 3s. 9d.;' 3s. Bd., 3s. 'Bd, 3s. 7d., 3s. Bd;,3s, 4d., 3Sm ,25.. 3Jd., * . . v ' ..v Old Albumia, 15.,1 W." 'w Pride of Tokatea, 9Jd. Pride of'Waihi, : 9d., 9d.' : Boyal Oak, 2s. BJd;, 35.,:25.'10d.,'25. 3d.--Bdliancc, 3Jd. 4 • Saxon, Is.' lld,, Is.. Bd., Is. 9d;;' ls. Bd.; ,Is. Bd., Is. 9d:, Is. 7d., lR; 'Bd.. Is. Bd.; Is. Bd.; Is. 7id.,-18.\7Jd., Is. .4H','ts. 4d„ 13. .3Jd., Is.-4d., Is.-4id., 18.v41d„ ls.-4d;,. Is.' 3id. -v.. ri . • Tairua'.Broken Hills, 3s: : 6di, ,'is. lid., '3si; 3s. Id;, 1 j 35., id;,'.3s. Id., 3s. Id., 3s. id., 3s. 3s. Id., 3s.' ld., 25.''10 d.,. 2s. 6d., 2s. sd„ 2s. sid„ 25,. 10d.,, 23;,8d., : .25/71d.; 25.:7 d., 2s. Bd.v ; -*28.,.fiH., 25;.7d;, 25,'7id.,-25.-7d., 2s. 6id;, .2s. 6d.,: 2s. 6d., 2s. 6di; 2s. -4d„ 25.'4 d., ,25.. 4d.,. 2s. -4d.;2.04d., "2s. 4d:/ 2s. 3id., 2s. 3id., 25.-2 d., 2s. 3d.,'21 3d.-,' 2s. 7d. I Tftirna Golden Hills; ss. 9d. . , A • ' v Talif?man^>s4s:i,'sss; 3d;, sSs.,'sßs-.; 58b."6d„ 585., 575. 9d.,, 575., 565.: 9d.';-.,565;'6d v -565.. 6d., 565. 3d„ 56§: 3d., 6d.; 665. 3cl', 575.V 575.i sts., 575.,'575., 565. 9d., £6s. 9d.,' 565.'9 d., 555. 6d., 545. -6d.,' ; 54b. fid^..s4s.-Gd., 555. »'•- • : ,-.-J Tangiaro,' 7Jd.;- ; 7id. l 7d.,-'Bd.; Bd., Bd., 7d., 7d. ./ Victoria,' Is. Bd.'. ' A,. t .Waihi,;£9 7a..- 6d.. £9 75., £9 Bs.,- £9 Bs., £9 9s. 9d.,- £9 10s.; '£9 12s; 3d., £9 ' 125.,". £9. 12s. -6d., £9 !?.?,• 6d. •• • •'•- • • Waihi Consolidated,-, 55.'3d.,,55. 2d. -. ■ .i Waihi Eitended, 65., 55.. 9d. f ss. 10d., ss. . sd;,' ss. -.6d., ss. Sd.i 4s. 7d.. -sb. Id. ' . i Waihi Qrn-nd Jnnction,- 51s. 6d.,' sts. 6d.,51s. 6d., 50s. 9d.', £08,505. 6d"., 50g. 6d„ 50s. 9d., 515., £oa. 6d., SOs. 6d.. 51*. fid., Rls. . 9d.. 51e. 9d.. . 525./ 525; 64;,5218d..525.9d;.5!8.9d„ 525.9 d., 508.9d.,£15.,515.. 3d., 51s. 6d., 51s. 9d.: 51n. 9d.. 525;.- 51s. -9d., 01s. 9d;, 51 s, 9d.;, 515., SP S . 6d.,- 505., • 50fi.V .505., -Us;, -.48s, 6d., 495."'6 d.', 5Js. 5d., 5J8.,6d.. 51r. 4Jd.,'495. 9d., 505.", 9d., 495. 3d., ,495,;. v 495. 3d ; Woiotr.hi, 7s. lid.,. 7s. Bd., 7s;, 7d., :7s. 6d.', 7s. 9d., 7s. ltd.-, '7s. lid..- Bs. 2d., -7s. 9d.. 56. lid.. 5*., fid., 4s. id., 4s. 10d., 55., ss. Id., 65.'4 d.,' 6s. 4d. ' ~ .Waitand, 3s. 9d., 35..:10d.,.3s lOd, 3s. lOd., 3s. Bd..*'3s. sd„ 3s. 7d. • Watchman,. 2*. 'BJd., 25.'9 d., 2s. 9d.r 2s; 9d.,:25. 9d.. 2s. 9d., 2s. 9d.. 2s. 10d.; 25.'30 d., 2s. lid..-. . Cof*blidnt.ed floldflcld o . 225. 3d., ?35., 2?s. 9d., 235.,. 2*B. .3d.,- 23b. 21s. 3d.. ; 235. \6d., : «s., Ws. 3d.; 2?< 9d..- 2ts. 4M„ 3d.; 215., 2U. 3d., 215., 20b. 9d.'. • 195.'6 d., • 18s. 6d., 18s; 9d.. 9d., 18s. 9d. ' •New /Ipine (con.),' fis. •; "(pid).*. 4sT , M..'• ' .' T ; 'ProTr'esß. 16s. 'fid;,' Vs.,. 12s; 6d. ( 12s* Sd.', 12s. 9d.; 13% 13?.. 133. 3d.V • .. .' : Boss .Gpldfleldsi 165.;. 15s. 9d., 165., 165.,' 135., 9d. '■

■ STOCK' EXCHANGE.',' . .■; \ v ' 1 ~ (By Telegraph—Prcss; Aesociation'. v'-' Auckland, September 30. .There was.a decided improvement in share market business at the first and second calls of tho Stock Exchange. Business included:— May Queen, M. Bd., ss. Id. ,| Sylvia, 4s. 8d.," 4s. 1 ICd. , .• 1 j Saxon, Is. 4d. ■ ' ' • i " . i Victoria, Is. ißd„ Is. 7d. • 1 Waiotahi, ss.* 9d. to 6s. 6d., to ss. "ICd.-. 1 Hauraki, 2s. 9d., 2«. lOd. Royal Qak (con.), 2s. sd. Crown,' 6s. l; lld. Golden-Belt (paid). Is. 2<\i ... ■ Tairua Broken Hills,'2s. 7d.. 2s. Bd. • ' Talisman. 555., sfaV 1 • .Grand-.Junction,. 50g. ,3d. : , •*' ' L VDunedln, September 30.' Stock; Exchange sales:— ■ . ■ Waiotahi, ss. 6d„ ss. 5d., 55.-6 d. May Queen, ss. Sales reported:— TV»ihi Grand Junction,49s. • Milburn- Lime,; 265. 9d., 253 Waiotahi, 6s. 1d.,-53. 6d.' • -J ; ' " *" . kINING NOTES' ' ' '-ITaofiland.—Since last weekly report,..the', rieo on the Young New Zealand .reef,has. been .put up. 20ft.,'making a total from the', back of the level to the.-, surface . of- U6ft.." This l connection was mado'.on Friday.. At the.bottom'of the rise.a rib of good ore on the foptwall gave out in value at:about lCOft.up the.rise,.leaving tho last 16ft. risen of low. grade ore,; which,.was sent to the rmlll; A' rise north, and' 'south ©n : tho refe! from the -cast vfcros.scut was taken in on Saturday morning.. \The ore broken ' sliowed colours and.dabs of gold. v During the week tho" .low level in. the Birtnday. section has been extended 7ft., a total of 208 ft. Waiotahi.—No. 6 .level: The slopes on the dropper,above No. 6 level are being. continued, and colours of gold have been seen. Oh'the footwall branch of the 1 dropper,very little has been done, as. the men have , been engaged in timbering work. -No, 5 levels The No. 5. rise on tho' main reef is up. a distance of «58ft. The i reef is not. quite so puggy/.and a - little. more quartz is now coming in.. Cure reef: The fourth I stope has, been carried to the end of ground; and a fifth stope has.now v been started west ! from the ■ rise. Stoping on the dropper above : this level is also in progress. No. 4 level: The !.leading stope. on tho hangingwall leader has I been carried cast of the crosscut for a distance ! x of 161 ft. We are now past tho point, where tho Kold was \obtr,ined in drlying, and we have a further 15ft; yet to carry this 9topo east to the rise. The deader is very irregular, and varies a good deal in width. .The work of putting in the main timbers is being pushed on as quickly as possible, but it will be some time, after the leading stope is out before' a second stope • can ( be carried along. Cleaning up for the month will take place. tO;day.',

Silver Hill.—The manager is trying to pick up another reef that, is still' ahead, which. is shedding some pood quartz; but thero is a very heavy.. surface . hero, and it is hard to get through:. However,-.the-quartz is.getting; nearer the-bottom. Ho thinks that the feef-.iß 'close' at' hand.. . . , Tararu. Mines.-r-Durins the past -week tho changing house has been completed; and the smithy-is also finished. -'A; start has.been made to , clean out and'lay the tramline , at tie bottom of No. .4, level. This work will be pushed ahead as rapidly as possible. Scddon —A track has' been formed from' tho mine .to the Wftforongomai tramline. A - drive is now being put' iu to intersect tho roof a little .lower down ; tho hill, from where'good stone was.got in the:outcrop.. The reef should bo cut in about a fortnight's time. Glamorgan.—The hangingwail of .the Silver King reef is 2ft.. 6in. wide, with'a bine sulphide •band still in evidence. This drive is going straight for the old Herald works, where rich assays were obtained many years, ago.; There are 800 to ICOO feet separating both .works, .and, absolutely unprospected, the possibilities are that- something above tfte ordinary will be unearthediin thiß direction ' Bendigo.—The drive north oh the Silver King reef has opened .out about a foot thicker, and is showing two clean walls. The' ore is not quite so bard. Pride of tho low laveltbe footwall lode has been driven bn a further-sft. A firm class of mineralised country is making right across the face, and tho quartz looks well, the lode being 6in. in-width, but 60 far not payable. At the intermediate level , a tram line has been laid in, and work'resumed-testing the footwall lode-through the.bneak. Good progress'la being mado in tho stopes on the cross lodo. the country being of a flrstrctoss natnre. both for gold and speedy , work. In breaking down at this point strong blotches of gold were seen in somo of tho ore. ■■ . .Reliance—The. country in tho crosscut is a littlo-better for boring, and the manager hopes there will be a change of country. This must tako place before the ,reef. is picked up, which should be met with any day now., Mt. Welcomc.—The low level is in 90ft., and the country is now of a better class. . The stone on the footwall lode is now about 20ft. east of the winze. A . fine mineral -.flathead has. been followed about 15ft., but owing to a mulloeky -formation, does not strike into the lode. The water is still troublesome in tho winze. .New Sylvia-Operations in.the north end of the low level have been continued. Tho reef 'is Bft. in width, and composed of valuable ore. In carrying this north face: forward the last 10ft. very, little -sinking has been dohe,l but a flno body of ore shows underfoot, and the last quartz broken shows gold: : One hundred, tons of general oro.havo been;shipped to Sydney for. treatment: : Kuranui.-lii • the -Shellback No.' 1 north tho reef > has v-now taken its true course, ■ and is about.9in: wide. Small stringers are cut at intervals. In No. 2 north there has been a great improvement. A fine body of quartz was cut on Saturday ..morning coming in 011 the footwall side. .The ribs.. of .quartz previously; wbrked sfcom to have,functioned at a cross, and changed both the. dip and 6tvike of tho leader Th 6 ground now is also, of. a firmer nature, and" tho manager believes that tho men now are almost .through the break. Four feet has been added to tho Blyth drive, the leader being amall at the back, but retain/as its - aits .underfoot. Kloo minerals are showing, but no gold. Tho cioiscnt

has traversed-10ft: during the'week in-'country 1 of a,, freo class, with a'heavy flow of water coming from the face.'. No. 1 cast:-Operations havo been commenced on the'..6in. leader on the east side of the. main lt?yel, and. lift, has been stripped and broken down. Tho leader appears to bo making in width as the' drlve is advanced. " i . _ Golden Pah.-'ln the-third stope south of No. 1 1 % ?£cre the , hangingwall branch junctions, with.tho mam reef In' the'rise,, tho leader is about 18m. thick,'and looks, well.-- In tli'o north stope '-fromthe samo .rise ; the' leader' is ,4ft/ from wall,to.,wall., -The hangingwall is making rn[® a^u !D ' and: carries,-a nieo : pug seam with it. ino walls appear fo be coming together again .a littlo.further.head. .In No. Z atopc at-the intermediate level the reef is about'2ft; in width/and is-a splenduMooking body •of ore. Colours of the week° n BCen the footwall during Watchman.—ln the low level"the face has-been a ?°thor 15ft.- through firmer country I tnan Jntnerto met with. The change, lias caused the new reef to ■ alter' its course to a. more southerly direction. The reef will not be folK?^ e l f °r present, it .will carry, the drive , SS» ♦w' aw ? y ' m 0 reef that is showing on the surface. . ; . . , • • | Dixon's Consolidated.~Tn tho low level the i nn! wcll. and tlic country i B favourreof'flt^}n r S 18 " i m n r ovemcnt in tho [nd AtioJ,.' fL c u V . T H- rcc ' Bhow 6 Gplcndid Mlini ??•, i 5 .1 heavily cliar&cd with i, blonde, and , copper. . Samples TPt mi?t wuI 0 ! B1 T£? a ..higher value than any yet mot with in this mine.. Work was stopped in the j y rmf Bou fi until tho assays n-cre oomvilacs proved very satisfactory; ™ S B «. CS « I s ' 7id '' the third 3ft. £1 Dortion f 3lt " Ir ? m ' Widest KiriL m." 16 //' & lves a Value o( £« 17a. — fi? oI tllo week a couple of shots' 'kostopo eoine north, and opened scon. looking ore, in which gold can be loHn ol iiri^? 0 °™ to . hand from ' No.' 1 nhid'f sh™fm?°n'' 18 ,. cf ., falr ' Krttdo ' nice 6ul " s through the ore. Up to tho KJJ 8 , a »° abo ° t ; 16 ; - tons broken .and . rcc ? , ator «! m g about Jft. Wide. It StTbe coU°ct 81 SndorUe nSO fr ° m Shotovcr.—Tho level, is-in 437 ft, from tlio'ric* ky ,S-"E. Tho manager thinks L 0 an ffififfw«ill 6f 'a largo , body of n vrrr ff l'' ' 3 . coni ! tr y.rock, alld quartz a reS is 1 c " ?° intermediate drive 18 now ordasing, tho face. It has been wall A l?ttl n f °°h •' ith , n< ? 6 'S n of the footwail. A littlo gold_is got, by; mortar, test. Dominion.—jhe new aiiit level is' in 62ft. Tho ".9} ure31 timbering. The manager hipes to; get solid• cfttrntty :shortly; • " ;*, Mt^The• ta^er/golife. .towards tho f«?fL * anc * has, increased in size is° • \S 6 ' • * ce *' '-^cro' is l now a. reef, above 3ft;'widc, and vrell defined; - At the Bluffft Bection oro is now being broken out