MINING- NEWS.

Evening Star, Issue 11266, 13 June 1900, Page 4

MINING- NEWS.

The ‘ Wyndhatn Farmer ’ states that tire Eureka dredge has closed down. The machinery for the Horseshoe Bend diedge is to be completed within six months from date, ns per contract. The dredge is expected to be at work nine months from now. Mc-srs H. I’. Courtis, C. G. V. Leijon, Henry Eignell, J. Besg, J. H. Betlmne, and W. .). Guthrie have been elected directors and Hr George Blyth auditor of the Bigneß’s No Town Gold Dredging Company. An Auckland telegram slates that the Crown mine's return for May, from 2,772 tons, was valued at £5,788. The return from the Coal Creek dredge for the we-k ended 7'’ridav, Bth June, was 9oz 9dwt for 120 hours’ work.--' Southland Times.’ , The W aimurau Queen dredge commenced operations on Monday. Several of the Waikaka dredges that arc in course of erection should he at work in a month's time. The Waikaka Forks should he at work in about three weeks’ time. The Gleuiti dredge, on the Big Waikaka. is nearing completion, and will he starting work in about live weeks'time. The United dredge has all the machinery in position, and is ready for roofing in. The Globe, adjoining Ibbotson's and the Little Waikaka dredges, is having the machinery erected, and it is expected that it will he at work in about five weeks’ time. The Premier dredge, at the upper end of Ibbotson’s boundary, is also nearing completion, and will probably he working in about six weeks. ‘ Southern Standard.’ The Junction Electric Gold Dredging Company pay a dividend of 2s Cd on Friday. Mr C. C. Rawlins arrived in Lawrence on Tuesday evening after an extended business trip through Queensland, having visited all the principal mining centres of that colony on behalf of New Zealand and Sydney mining syndicates.— ‘Tnapeka Times.’ Mr J. F. Harper, secretary for the Moke Creek Dredging Company, informs us that the companyhave been fortunate in securing at a reasonable figure Lvnch and party’s two claims on the Shotover, comprising eight acres in all. These two claims are situated in the middle of the Moke Creek claim, and consequently greatly enhance the value of that property. Mr Mailer, who has acted as dredge-master on the Wiinmmu Central Company's dredge, has resigned hia position, and has been succeeded by Mr G. Bichca, of the Charlton Creek dredge.— ’Ensign.’ THE MAKSDEN LEAD SHARE TROUBLE. THE BROKERS EXONERATED. The Dunedin Stock Exchange have concluded their inquiry into the alleged irregularities in connection with dealings in Marsden Lead shares. The main question before the Exchange was that two brokers—membeis of the Exchange—interested in the Marsden Lead Company were concerned in outside transactions favorable to themselves by buying Marsden Leads whenever offered, knowing at the same time that the shareholders in the company wore "sitting tight” and withholding from the market all the shares. The obvious effect of such proceedings would bo to give the shares a spurious value by reason of the “speck” eel ers having to go to the bona fide holders and buy at their (the holders') prices in order to fulfil the contracts to sell which they had entered into. This charge was not sustained, and the two brokers against whom it was made were exonerated from all culpability. All contracts in these shares in the Dunedin Exchange have been'held to be good and have been completed. , THE SHARK MARKET. The Otago Stock Exchange report the following sales Alainga, 2s; Central Electric, £5 6s fid; Dunatan Lead, 39s fid : Electric Extended, 17s 3d ; Golden Point. 255; Golden River, Is 7id ; Hartley and Riley, £lll7s Cd. The Equitable Stock’ Exchange report as followa; Sales: Ahaura River, fid; Alpine No. 2, Site; Ford’s Creek, fid dis; Golden Falls, 9s ; Naumai (new issue), 5s fid. Buyers: Electric Extended, 15s Cd; Enterprise, £4 7s 6d ; Golden Falls. !>s ; White Star, 4s. .Sellers: Ahaura River, IDjd; Alpine Consols, 43s fid; Alpine No. 2. 10s Od ; Arrow Junction, 4s fid; Arthur's

Pomt, par: B.ild HiUJi'lat, Is dis ; Pannockburn Creek, Is fid dis; Beaumont Lead, T« diR; Blue IMI. in r; Conl < rf *k, Ss; Duneiltn, 13-: Kttriclc Gohl Steam. 5s fid; Evans •Hat, 32«; Excelsior, 2s (id ; Funis Cretk, par: Galvsnie Gold, £(is ; Garibaldi, 111 ; Cirvey Burn, Is; Gentle Annie, 10s; Ginbston, 3d dis: G»ld Chair, bd; Gulden Banner, 6d ; Golden Kails, 10s ; Golden Gravel, Is; Golden Link, 20sfid: GNdoti Howard, par ; Golden Ripple, & Bd; Giinton's Beach, Is (id; Horseshoe Bend, pir; Jutland I'lut, :U 6d: Leaning Rock, Is; Lioness, par; £;». a 4 Hercules. 3s 3d: Manorburn Lead, Is M: Millers Flat.S's; N'auiuai (new issue), (ig; No Town No. 2, Is: Olrig, 225; Orwell Creek, 8s; OtaiM, fid ; Point d'Or, par; Pride of, Tnapekn, Is; Prince Imperial Imperial, par; R-wcs's Proprietary, 2s fid; P.iver Molvneux, Ms fid; R:verbank, 2:ls ; Ro>s Flat, 3d ; Roxburgh Jubilee, rs !)d; Shotover, 3d; Sixteen-mile Beach, hs fid : Triumph, fid ; Upner Masnetic. :)ls : Vincent Extended, 325: Vulcan, 6d ; West ftiatau, par; Wet Lead, Is fid ; White Star. 9d._ TdK Dl'nKnKt F.XCHOCiE. n 5 nw ' E ? w «f the sales this morning oh i ,l V," ncdin Stock E-cbangc. the highest sales ,",. »*dnesday being shown in parentheses: A.ilinga, is; Beaumont Lend, lis ; Electric Extended, 17s (l&stid); First Chance, 21k 9d; Gold Queen, 375: Golden Point, 22*, 23a 3d: Golden River, Is !M ; Hartley ami Riley. £l2 Ss(£l:f); Junction Electric, sls (52s lid); Sailor's Bend, 3Ss (id; . mcer.t Extended, 3Us. Quotations: Ahaiira River—Seller.', Is. Aiding*— Buyers, is M ; sellers, 2s 3d. Alpine Consols-Sellers. £2 3s. Alpine No. 2-Buyers, £ll7s; sellers, £ll9s Bd. Arthur Paint-Seller.--, 3d. Rancurklnini Creek—Sellers. 2if6d dis. Beaumont Lead—Sellers, Is dis. Bendigo—Buyers, lis. Central Elt:ct'ic-Buyers, £5 : sellers. £5 10s. Chariton Creek—Buyers. £1 5s ; sellers, £1 "s. Cluitto Creek—Buvers, ill 10s. Chicago-Sellers, £2 13s. Olausbcsey's Kreehi Id -Sellers, 6«. Clyde—Sellers. £4 15s. Cromwpll—Sellers, £3 15r. Crown Diamonds—Sfllers, par. D.irfc River—Seller.'., Hi dis. Davis's Bend-Sellers, ,1s !!,!. Digger's l'rirte- Sellers, fid. Dobsoti No. 2-Sellero, Is fid. Hnnediii—Sellers, 12s. Dnnstan Lead—Sellers, £2 5«. Electric-Sellers, £2 l<)s. Klectrio Extended— Sellers, 17s. First Chance-Buyers, XI Is Ud ; 3i!l"rs, £1 2s !)o. First Taieri—Sellers, 2s dis. Ford's Creek—Sellers, par. Gentle Annie—Sellers, 'Ss. Glnl.c-Sellcrs, 3d. Gold Queen Sellers, £1 17s. G -Men BearhtvendorsO-Sellers, £2 14s. Golden Gravel-Sellers, 3.1. Gulden Link-Sellers. £l. Golden Molynenx (paid)-Sellers. £loa fid. Golden Point—Buvers, £1 3s ; sellers, £1 3, 0d Golden Reward— Sellers. U (id riis. Golden River—Buyers, Is (id ; sellers. Is 9d. Golden Run—Buyers, £2 17s (id ; sellers, £2 19s. Golden Terrace —Buvers, S*6d. Great Central-Seller!:, His. Grey River -Buyers, 9s ; sellers. l(h sd. Grey River Consolidated—Buyers, 3(; seller- 3s od. Canton's Beach—Sellers, fid. Halfway House—Seller", £1 10. 'TMo' 6 * lnd Riley ~ Bu y-' rs ' £l2 ~ s -<W: filers. Electric-Buyers, £2 9s; tellers, £2 Jutland F!at(paid)-Seil»rs. 3s fid. Lady Cardrona- Sellers, fid. Leviathan—Selleis, 8s (id. Long Valley-Buyers, 10s; sellers, 12s 6U Maerewht-nua—Sellers. \rv. Magnetic—Sellers, £3 7s (id. Main Lead Hercules Buyers, Is 3d ; sellers, 2s (>d. Maori-Sellers, £1 33 fid. Mamiherikia—Sellers, £5 10s. Matm-Selle-*. £6. Metallic-Sellers, £1 Is. Moa Fl-.t-Buvcrs, £1 4s ; sellers, £1 5s Mon*e Cristo-Sellers, 1S«. Moonlight—Seller.'. (Id. Naumai—Buvers. £1 Is. Nelson Cr «k—Sellers, £1 is. New Alexandra—Sellers, £1 7s. No Town Creek—Buyers, £1 3s; seller" £2 3s No Town No. 2—Sell-rs l« Nugsret-Sellers, lis (id. Old Dnnstan-SeUers, 2s 3d. Perseverance-Sellers, £5 12< fid. Princo of Wales—Buyers, (is. Richard's Beach (new issuc)-Buycrs, 6s; sellers, Riley's Beach-Seller.!. £->. Risoand Shine—Sellers, 3J. Riverbank—Sellers. £1 2s. Roxburgh Lead Sellers, par. Royal Maori—Sellers, S< CI Sudor's Bend—S.dk-rs. £2. Sixteeu-mile B-ach—Sellers, 6s. TVroiuakau—Sellers, par Thr.T-niite Greenstone-Sellers, la 10W. Trafalgu—sellers, fid. Triumph—Sellers. p>r. Victory-Buyers,.';.: 3d : sellers, 3s Od. Vincent—Buyers. £3 7s; tellers, £110). Vincent Extended-Buyers, £l !)s • ieil-rs £1 10s (id. ' \Vaikaka Forks-Buvers, 3s: sellers 357!,t Wnimumu-Buyers. £1 s s Gd ; sellers, £1 W.'Jl Waimumu Extended -Buyers, ICU ; sellers, £1 V/aipuna (new)—Buvers, 2s fid. Westiand-Buvers, :U dis ; sellers, 6d priiu. Wet Lead— S-11-rs, (id. "Woodstock— hellers. 4s.