MINING NEWS.

Evening Star, Issue 11453, 22 January 1901, Page 6

MINING NEWS.

/■w . sscrctai 7 of tJle Shotovcr Company (ho Liability) has received the following telegram from the mine manager: " Washed up 320z 7dyt of gold." The secretary of the Evans Flat Company reports that dredge has been successfully raised* at a cost .of £3O, and is again working as- usual.

The Dobson No. 2 Company report a return of 9oz for three days' dredging, from top stuff only. . Having shifted the dredge into a new position on the claim during the week, the dredge-master had not bottomed prior to washing up on Saturday. The Nelson Creek Gold Dredging Com•pany (West Coast) report a return of 30oz for 136 hours' dredging. Tho Chatto Creek report a return of 7oz 17dwt for the week ended January 19. The Tuapeka report.a return of 16oz ,14dwt for the week ended January 19.

The Waimumu Queen report a return of 15oz lOdwt for 104 hours' dredging. The Upper Waipori report a return of 230z 12dwt for 128 hours' work.

The Jutland Flat report a return of 12oz 17dwt for 144 hours' work.

The Lawrence report a return of 15oz 16dwt 16gr for the week ended January 19. The Empire report a return of 390z ldwt 13gr for the week ended January 19.

The dividends declared at Charters Towers (Queensland) during the past year amounted to £299,000, and the calls to £56,000. ■

THE SHARE MARKET.

OTAGO EXCHANGE report sales yesterday afternoon : —Bendigo, 7/3, 7/4£; Cairnmuir, 34/; Electric Extended, 41/6 ; Galvanic, 35/; Grand Junction, 6/9 ; Grey River Consols, 4/3 ; Kelly and Casey, 32/; No Town, 5/6 ; Upper Magnetic, 34/9. Sales this morning:—Ahaura, lOci. 54/3; Kelly and Casev, 33/3; Magnetic, 32/3 '; Moa'Flat. 22/ ; New Alexandra. 22/; Reeves's Proprietary, 25/3; Sailor's Bend, 36/6 ; Three-mile Greenstone, 26/. DUNEDIN EXCHANGE The sales on the Dunedin Stock Exchange this day were as under, the figures in parentheses being the highest prices paid on the corresponding day last week:—Alpine No. 2, 42/6; Arrow' Junction, 33/ (32/6); Boundary Creek. 22/; Ford's Creek, 19/6; Gold Qiieen, 31/9, '32/; Grey River, 55/ (65/) ;Kohinoor. 9/6 ; Leviathan, 42/; Magnetic, 32/, 32/6; Nelson Creek, 57/6, 58/; New Alexandra. 21/6, 21/, 20,9, 20/9, 20/9 (11/6) ; Pactolus No. 2, 2/3, 2/6 ; River Molvneux, 5/; Salt Water Creek, 9d. 9d. 9d.

THK EQUITABLE STOCK. EXCHANGE report the following sales:—Bendigo, 7/6; Go'.den Banner, 6d ; Grey River Consolidated, 4/5 ; Hartley and Riley, 135/; Junction Electric, 28/6; Leviathan, 43/; Magnetic, 32/5; Reeves's Proprietary, 24/: White Star, 21/6. Quotations: Al—Buy 27/. Ahaura—Sel 1/. Alpine Consols—Buy 42/, sel 45/. Arthur's Point—Buy 4/ dis. Bignall's—Sel par. Blue Bell—Sel par. Broad Creek—Sel 2/ dis. cidrnmuir—Buy 32/, sel 55/. Caledonia—Sel 5/. Central Magnetic—Sel 1/. Charlton Creek—Sel 39/. Dart River—Sel par. Davis, Bend—Sel 6/. Digger's Pride—Sel par. Duke of Wellington—Sel 1/. El Dorado—Sef 1/ dis. Electric—Sel 50/. Electric Extended—Buy 40/, sel 42/. First Chance—Sel 30/61 Ford's Creek—Sel 20/. Garibaldi—Sei par. Gentle Annie—Sel 21/. Gold Deposit—Sel 2'6 dis. Gold King—Sel 20/. ' Gold Queen—Sel 54'6. Golden Bed—Buy 29/. Golden Chain—Sel 6d. Golden Gate—Sel 140/. Golden Reward—Sel 1/. Golden Ripple—Sel par. Golden River—Buy 6/5. sel 6/9. Golden Treasure—Sel 105/. Golden Vein—Sel 2/ dis. Grand Junction—Buy 6/, sel 7/6. 'Oreyßiver—Buy 50?. .Grey River Consolidated—Sel 5/. Gunton's Beru.'h—Sel par/ Hartley and Rilev—Sel 140/.

Junction Electric—Buy 28/, sel 29/. Kawarau Consolidated—Sel 1/. Kia-Oni—S'el par. Leaning Rock—Sel 5/ dis. Leviathan—Sel 46/. Lower Enfield—Sel par. Maori Kin? —Ruv 9d. Matau—Sel 65'." Meg and Annie—Buy 62/. sel 67/. Merrimac—Buy 36/6J sel 58/6. Mikonui—Sel 6d! -Vina Flat—Buy 20/. .Moke Creek—Sel 5/ dis. Moonlight—Sel 1/. Mosquito—Buy 1/6. sel 2/6. Nelson Creek—Buy 54/. New Alexandra—Buy 20/. Oceanic Steam—Sel par. Olricr—Sel 19/. Otama—Sel 16/. Paul's Beach—Sel par. Perrctt's Junction—-Sel 6d. Pride of Waikaka—Sel 1/. Prince Imperial—Sel 2/ dis. Reeves's Proprietary—Buy 24/. sel 24/5. Remarkables—Sel 21/. River Molyneux—Sel 7/. Roxburgh'Jubilee— Sel 5/6. Royal Sovereign—Sel 2/ dis. Sixteen-mile Beach—Sel 19/. Teremakau—Sel sd. Vulcan—Sel 6d. Waimiimu Central—Sel 27/. Waimumu Extended—Sel par. Wa.iora—Sel par. Watterson's Console—Sel s'. West Maiaw—Sel 2/ dis. Willoughby's Cardrotra—Sel par. ALLEGED " SALTING " OF FOLEY'S EXTENDED. The prosecution of the prospectors of Foley's Extended claim—William Arthur Lawson, George Henry Lawson, and Edward Pring—took place at Kumara between the Bth and the 11th inst.. and resulted in the committal of the accused for trial at the District Court, which sits at Grevraouth on Februarv 15.

The accused reserved their defence. The prosecution was instituted by Mr Patrick .Tansey. sharebroker, of Kumara, -who, having failed in civil proceedings to recover the amount he had sunk in the claim consequent on the representations of the prospectus, invoked criminal process, 'Tansey, 5n the course of his evidence, stated that in May last, acting for Mr George Neill, of Dunedin, he saw the Law-son brothers respecting the purchase of Foley's Extended claim. It was decided to prospect it.before concluding the purchase, and the Lawsons and Edward Pring were engaged by witness to do the work, witness being unaware at the time that Pring was a half - brother of the Lawsons. Two shafts were sunk, and the prospectors produced 2dwt 13gr of gold, which they stated had been washed from one and 'a-half yards from each shaft—ldwt 9gr from one, and ldwt 4gr from the other. The gold was sent to Mr Neill, and at the time of the trial could not be produced, as it had been .sent out of the colony. The Lawsons stated that if they had got further down the ground would have gone 20gr to the yard from top to bottom. The claim was then purchased and the flotation of the company proceeded with. About the middle of September Tansey suggested that the claim should be prospected again on account of rumors to the effect that the prospect obtained was "too good to be true." The Lawsons at first objected, holding that it had been sufficiently prospected, but they ultimately agreed to the proposal, .though they refused to bear any of the expense. Four men were engaged, including Pring, of whose relationship with the vendors of the claim Tansey was still ignorant Carlsson, one of the prospectors, handed Tansey 2dwt of gold, which was represented to be the product of half a load of stuff from- the bottom. Carlsson told Tansey that in the top stuff ho had got a few fine colors; but had been surprised at the large result got after streaming it down in a box. Rodgers, another of the prospectors, sank the next shaft, and produced ldwt of [laid. Messrs Tansey. M'lhoy, Byrne, and

Dr Scott, in view of the result of this second prospecting, took up between them 950 of the 1,300 contributing shares in Foley's Extended, and Tansey spoke to the Lawsons about their taking up a portion of the contributing shares. At first not disposed to do so, but in a day or two they took up 100 shares between them; but told .Tansey they would sell them as soon as they went to a premium. A few weeks later the Lawsons spoke of selling their paid-up shares at 10s each, and in order not to ruin the contributing stock by the placing of vendors' shares on the market, Tansey, with Dr Scott and Messrs M'llroy and Byrne, decided to buy G. Lawson's interest. The syndicate paid G. Lawson £llO for his paid r up shares, £SO was handed to him for a similar amount which was coming to him from the company, and £l2 was paid for his interest in four other prospecting areas in the same locality as Foley's Extended. Immediately afterwards W. Lawson expressed the desire to sell his paid-up shares, and offered them at £2OO, at which price the syndicate bought them. Lawson gave as his reason for selling that he was going to Christehurch, and intended " picking-up" a couple of horses. The result of these transactions was that the syndicate were the owners of 1,300 paid-up shares, together with £2OO due under the deed of option. Both Lawsons, before leaving for Christehurch, instructed Tansey to buy for them Greenstone Gold Dredging Company's shares. He told them that he thought it was strange that they should sell out of a claim averaging 20gr to the load to buy into one yielding only about s|gr. Tansey further stated that the* Lawsons sold their interest in the Foley's Creek claim for £4OO, and in Brandy Jack's for £100; these amounts added to what they made by selling their interests in Foley's Extended would total up to about £875. All the claims mentioned had suspended operations, having been proved total duffers. After purchasing the Lawsons' interest in Foley's Extended the syndicate determined to prospect the claim on the flat—the previous prospecting having been done near the creek. Tansey's father did the prospecting, and in consequence of his report Tansey telegraphed to Mr Neill that the claim was a duffer, and asked him to stop all proceedings in connection with the company. Other evidence having been given, the accused were formally committed for trial.