MINING NEWS.

Dominion, Volume 4, Issue 939, 5 October 1910, Page 10

MINING NEWS.

'••'./'"' WBLLiNQTON SHAREMARKET;. ./// :A fair' amount, of; business-in mining shares' was ; done yesterday,':and the. tcjneof the market.has improved. Waihis were' a6hade easier .with- sales- at .£6 '15s.' tid. Taltemans'-were. steady. The sales record-, ed we're as. under•—.- ■ ■ New Sylvia, 3s. 10d. (third call').'' ; , ' 01d;Hauraki,::.3s. lid.. (third' call). , ■ ■■ ■'.': ; Saxou.Ms.Md.: (first; call).. • i-;- .{'.''■.[ '-' r . - Talisman .(hew issue), 355. (third call).' Waihi, ■£6'165.:3d., , £6 15s. 6d.;'£6 155. ; 6d., £6 15s. 6d., £6 15s. 6d„ £6/155. : 6d. ;(third call).-.-:.:-'. - : ; :-.-- v-- - '.■,-; ■,'■;:■. : Waiotahi,. 3s. IOSd. (third call). .'■■,,'.'.'.:.;'.' .Watchman, 2s. 9d.- (first call). ■"-'. :, '.. New' Big River,' 545. 6d.-' (second/call);-' / ''-../■'" .-' /;.' QUOTATIONS.-■/-/.:' /';/-/:'/'/ '-..; '\■'.-■'■■ Buyers; .Sellero.'-/Saleii:.

«•;:./ -j;',STOOE' : EXOHANGE.,;;:y,:/V/'':': :/ •':,(By- Telegraph.—Press : Association.)', V , .(■i '■-.' ,' ; ; ■ , - : : Auckland, October 4. ■•''.'. v Business.done:— .v. .'. ; ' :'•.•' .■.'-.'.;'/.' I May Queen,-As. ifl.-' .'. '■ -.!'..-'■' :/.. ".Saxon, Is; 6d: ;::,.. ';;•: ~;;,.. ;;'.:; .•■WaiotaM, 3s; lOd. . . • -.; ■'.. ". ..',': .Watohmari, '2s. '10d;.j.: ; •• :..■;'■:: :'/ Consolidated,. £1 25.; .•' -:;■-;, ':■'■'•..■'■',''.:'■

. Hauraki, 3a. lid. Crown, 4s. Bd.' Talisman, £2 13s. Waihi, £6 10s., £6 17s. 6d. Wilson'e Coment (ord.), £2 Is. 6d. The following business was done at the 3.15 p.m. call to-day:— Kuranui Caledonian, Is. 6d. Watchman, .2s. lid. .."■;■. Talisman Consolidated, .-61 15s.' ' Waihi, £6 165., £6 16s. 6d„ £6,155., £6.14 a.'. 6d., £6 145., £6 14s. 6d. : Waihi Extended, "2s. 8d„ 2s. 7d. . Waihi-Grand Junction, £1 17s. 3d., £1 17s. Hand6Worth, 7Jd. May Queeri,"4s. - ' Old Hauralti, 3s. 10d.'. .:. , Bank or New; Zealand, £10 7s. ■'■■■' Dunedln,, October 4. , • Stock. Exchange, sales:— ■ '■■<':':'■. ' Waihi, £6 165., £6 15s. 6d., £6 155., £6 15s. WaihiGrand Junction, £1175.'6 d. .. Sales reported:— -, " : . i AVaihi, £6'155.-6d„ £6 145.,:. .. : ; ._.,!. Waihi Grand Junction, £1 175., £1 17b. 2d. ! Now Sylvia, ..35...10d. ...."....,. May Queen, 4s. ■■■■■' j>: . Ol'd.Hauraki, 3s. lOd." • .'. !.-... . .'. National Insurance, £I.Us. ,6d. .. ; New Zealand .Drug, £2. lis. .-'.'.. ;., ■'.; '/ COMPANY TEIiEGEAMS* /,.'/v.-■; ■' ■ The Wellington. Stock Exchange received, the'following telegrams yesterday:— ; ■ Old 110 tons quartz and 2801b.. picked, stone for'. 314 ounces retorted ' gold. '.""■/ '■'■?■ Now' Big Hiver—Return; September:/Batr tery, 3450z. 15d\vt. smelted gold .'from 220. tons crushed;' cyanide, 78oz. ■ 3dwt. bullion; from 250 tons isands .treated; total value about £1600.;. ;>•■■■ .- ■•::;; ■■•;■!"■■■'. ":'. V.'■'■■. : '' , : i ■ :> ; '/;•■'; ;'' : (By.; Telegraph.—Press Association.); '. ■ '■' .'!; '':'.'; '-',-"•"'■ ..- " Rcefton,; October '4:' ": ■ The.New Big Biver return/shows that/ 220 ..tons ; of.;quartz yielded. 315oz;; 15dwt., and 250 'tons sand yielded 780z.. 3dwt., bul-, "lion.'' Total .value,'£l6oo. : ~;' .:,'; ; . .; :/.: ' QOLDFIELDS.' -I; ; SCHEME FOE* EECONSTBTJCTioN;: '■;:.!. ; (By* Telegraph.—Press Association,)''■';■.' ', .••"'• ■,';'■'; ':■■■'■'■. .Auckland, October. 4. ■'■'■ ■A meeting'of local shareholders in the Eflss' /Gbldiields ; Company, 'Limited,; \was .held in, the. Auckland; Stock.. Exchange call-" room this. aftcrnoonVfor the;purpose', of considering matters 1 relatives to- the reconstruction ■ of: the company. .. 'u f :;• : \'... ; Mr. Buttle;said;that he had called,:themeeting.together": at the, request 'of.',,the liquidator, who had asked him to convey ,'the views -of local shareholders regarding .the reconstruction, of.the company.; -;;.';-' 1 Mr..F v Mill .said.that, although the.meet-, ing was a small one,, it represented a good, many ;shares." In his' opinion,' 'and, he., believed,, in that' of, the'."local/ shareholders,' the-company, .should, be reformed,with a capital of; £80,000/-in ; 80,000 Shares' of ,£l'. each',' 70.000 shares to be issued paid up to, 11b. ,or 15s. "He /moved in that direction. \ ■, The\ chairman moved that/they recom-i mend the' liquidator.'td adopt ;the ing /scheme .of. reconstruction :—(l),"That; a new company be-formed'with' a ; -capital of £80,000/in.80,000 shares/of/il each;; (2) ■ that 70,000 ■■ shares be offered /pro ;rata;to the shareholders ;of / the : ''.Eosß..';GoldfieldS', Company, with, Ms.'-paid; up,. thuß •; carrying - a ; liability ."'of ■ 65." pct ; : share.!'-.''This,"!he. said,' was on the basis'of the old company. ;' Mr. H. Maapen seconded; the motion, and Mr. Hull withdrew his motion in-favour of; the' chairman's, which/.was carried.? ■ v v. '.The chairman ; then-;moved: "That'it; be; suggested to, the liquidator, if- he carried ■ ; out the scheme, that he-raise;the capital by- making ls.\ per/share,payable on ap-" plication, .and' Is.'; per.'share 'on-:allotment."' 'Such a course,' he/stated, would enable the. company to' Clear , off .'its, liabilities, - and' leave.£2ooo;in hand. -*■•■': ; ~.'...;....■:; ; -Mr.-Hull seconded the motion, which - was carried." ; : ' V ;Z -" !; •.'■':.."•.■•,.■' I- ;-/.•■• .'-'*...-,

.It was further.'decided to' suggest/that the company's office, ; i£ possible, should:,be : locatedjin. Wellington.: ' ,'' -: ! ' .:. ■•;■'!'

.'; ;/)'?■■:" r £ a.d..; £:s.d. >;£s. a.-; Dominion' .;.....'.».;..;■■ — ;.'., ! 0;0 ■!!;.',-,;.■.,•—,;.;'' Kuranui ■■ ■..:..:......'. '.; ', — '0 .0»j6.-, ; — Kuranui .Oaledou'n 0 '1': 5 . 0 ,1, 6 , '•' — May Queen 0 -3-11 ■"■■'. \—: ■-;—'.'' Mountain-King :... : — / .0 0-9 :•:,—. .-'.'■ New.Sylvia ....... 0:3 9;, — 0>310 Old Hauraki ,.......: 0 3 9 0:4 0 0-3 11: Saxon '- .'..-.;..;.; 0.14•'.• ■ --. 0 : 1) 4 Tairua Broken Hills' ,-—;, . 0-l'.:6. ; '\-Y.!--'-'-Talisman :.:.....:. 2-12'3 : ,- 212 6r : . '•'.— '■'■■.;. -Talisman (new is.) 115 0 115 .3'-:.115 0 Wnihi -."..-..:............ 6 14 0 615 0 615 6 Wailii'Extended ... 0..2 \:'-r :—: -'• ,-r r ' AVaihi :G'd ; /Junct'ii 116 ' 9,"- : 117 3.,-, -:.—, Waiotahi':-.....;...... 0 3.9 ':•.. — :.:0'3:10J, Wa'itiingi - 0 2 0 0:2 1 :;■■--•-.■■■.' 'Watchman:'/. ..;..;/;.: 0 2-9 0 2 10 ',0 2-9 .' Con., Gbldflelds ■.:.;.-1 1'6 "-: '.. :-:.■ New/Big River ..... '2.15 0 ... — ..2.14:6 : Progress ..„„...;';'... 013 6 0.14. 6 :•.",— ■:-'/- Jtoss'Goldfiolds ■.....■;0 ( 2 11- "0V3'-0 ■'-/-;:•