MINIM NEWS

Evening Post, Volume CXVIII, Issue 36, 11 August 1934, Page 12

MINIM NEWS

WETHERSTONES' AFFAIRS

(By Telegraph) (Special to the "Evening Fjgst.") DUNEDIN, rThis Day. From information put before the shareholders in the Wetherstones Gold Mining Co., Ltd., at the first annual meeting, it was - obvious that the company's operations must cease until such time as the directors secure, sufficient funds to complete development.work and to enable the company to start mining operations. The chairman of directors (Mr. James Fletcher) explained that it bad been decided by the Mines Department and Unemployment Board that, as they were not getting values on bottom they should cease operations until a' geophysical survey had been taken on the whole of the bottom. ■ . ■ ■ ' The survey would take, about three weeks, and the directors would then hold a conference, with the Mines Department and the Unemployment Board. (By -Telegraph—Press Association.) GREYMOyTH, This Day. Golden Sands yeturn is 220z 14dwt, for 18 shifts of eiglit hours. ' CIIRISTCHURCH, This Day. Workshop return, August S, is 40oz. A WORD TO INVESTORS. The Australasian Institute, of Mining and Metallurgy (Incorporated) has written, to "stock'exchanges throughout. Australia suggesting that before members ot stock exchanges associated themselves with the promotion' of mining, companies they; should satisfy themselves in regard to the probity and the qualifications of the persons upon whose reports the ' prospectuses are based. A- suggestion ■is also . made in . the letter that <a measure of protection would result if reports were made by member's vof recognised technical institutions connected with the mining and metallurgical industries, though it is not suggested that such reports should be limited to the members of such institutions. Where, however, reports from non-members are included, it is suggested in the letter that they be men of recognised -weight and experience in the profession. WORK AT MATAKI. Miitaki, Murchison, reports for the week ended August 4 that the dredge had a good run of' 132 hours' pulling ahead 54 feet on a face of 560 .feet for a return of 29* ounces; The bottom is still uneven and in -worked ground. Do not expect much improvement until the dredge gets past the tailings, which will take about four weeks and:then be in, solid ground. The washdirt in the bank is looking better and the bottom has dipped to 18 feet m one. part of. the cut. Everything on- the dredge is running well. SALES REPORTED. Sales of mining and dredging shares reported this week were as follows: — Argo Dredge (3d paid), 4d; Aoteuroa, lid: Alexander (eont), 14s lid. .Bell-Kilgour,,4%d, sd, 4%d, sd, S%d; Big River, lid, ll%d, Is. Id; Bell-Hooper, 5%d, 6d; Bell-Kilgour, - 5%d,. s?id; Brian Borti, Is 5%d, ls'.Sd; Behdigo Goldlight, B%d. ' Charleston, Is o%d; Consolidated Goldfields. Is. -

Gillespie's Beach (cum div.), 2s 3d, 2s Id, 2s 2d, 2s Id, 2s l%d; Glenroy, Is 2d, Is l%d, Is 2d; Goldfields Dredging, Is, Is o%d, ll%d, Is; Golden Point, 2%d, 3d, •A<\, 3d, 2%d; Goleonda, 3%d. Komata Reefs, 6s; King Solomon, 3s lid, 3s 11%d,.45. Lawson's Flat, 5%d, 5%d. sd. 1 Maerewhenua, - 6d; Mahakipawa, lOd, 10% d, 11(1, lOVad, and (1930 pref.), Is 2d; Mataki, 2s; Mossy Creek, Is 8d; Moonlight Nelson Creek, 5%d, 6d, 5%d. ' Nevis Diesel' Electric. 4%d; Nokomai, 3s 5%d, 3s 4%d, 3s sd. 3s 5%d, 3s sd. Okarito, 7s Od; Oxenbridfte, lOd. Rawang Tin, 9s 3d, 9s o%d. Skippers, lOd, Od, 9'/»d; Stafford Suicing. Is l%d, Is 2d; ■ Talisman Dubbo, 12s Worksop, Is lid, 25,.25-o%d. 2s Id, 2s, l%d, 2s 3d, 25.2!/2d; Waihi. ,31s, 30s 9d; Waihi Grand Junction, 3s lid, 3s ll%d, 4s. . Unlisted.—Ben Ledi, llYzi. RETURNS FOR THE WEEK. (By Telegraph—Press Association.) DUNEDIN, August 10. The Bell-Kilgour wash-up for the week ended August 10 totals' 240z 7dwt sgr. The return at King Solomon mine this week was S6oz 4dwt.