MINING NEWS.

Evening Star, Issue 11607, 18 June 1902, Page 6

MINING NEWS.

The Slate River dredge report 240z 4dwt for 10 hours. At the third annual general meeting of shareholders in the Golden Bed Dredging Company last evening (Mr Edwd. Withers, chairman of directors, presiding) the report and b lauce-sheet were adopted. All the directors retired, but four of them (Me srs Will am Brown, C. G. V. Leijon, Thomas Rodger, and Robert Cockburn) offered themselves for re-election, and, along with Messrs G. B. Bullock, R. Ivimey, H. ¥,. Duncan, and David Scott, were proposed for a further term. The chairman declined to stand. Messrs Wm. Brown, C. G. V. Leijon, Thomas Rodger, Robt. Cockburn (Roxburgh), and G. B. Bullock were elected, their remuneration being fixed at 60 guineas. The retiring auditor (Mr James Brown) was re-elected, at a fee of 5 guineas. The customary votes c!r»-ed the bu iness. The Wa'kaka United report 250z for the week ended Juno 14. At the third annual meeting of the Alpine No. 2 Gold Dredging Company the repoit and balance-sheet were adopted, Messrs P. Aitken and E. S. Paterson reelected directors, and Messrs Barr, Leary, and Co. re-elected auditors. THE SHARE MARKET. DUirrDIH BXCHAWOS Sales were made at the following prices this morning:—Golden River, 5/7s, 5/7£, 5/6; Junction Electric, 18/6, lb/6; Rrser Mclyneux, 2/3. Quotations: Al—Sel 19/. Aldinga—Sel 17/. Alexandra Bonanza—Buy 7/ dis. Alexandra Lead—Sel 6/6. Alpine No. 2—Sel 19/. Bendigo—Buy 8/, sel 8/6. Callaghan's Creek—Sel 7/6. Clyde—Sel 70/. Dunstan Lead—Sel 5/3. First Chance (ex rights)—Sel 1/6. Gentle Annie—Sel 13/. Gold King—Sel 4/6. Golden Beach—Buy 5/, sel 7/6. Golden Bed—Sel 13/ Golden Gate—Buy 82/6, sel 95/. Golden River—Buy 5/3, sel 5/9. Gnnton's Beach—Buy 9d. Halfway House—Buy 3/9, sel 5/6. Hokitika R:ver—Sel 11/. Junction Electric—Buv 18/6, sel 19/. Leaning Rock—Buy 6/3, sel 7/9. Leviathan (pref.)—Sel 6/6. Manuherikia —Buy 33/, sel 37/. Meg and Annie —Buy 15/6 Molyneux Hydraulic—Sel 10/. Molyneux Kohinoor —Buv 5/6 dis, sel 5/6 dis. Monte Christo—Buy 17/, sel 20/. Nelson Creek—Buy 62/, sel 65/. North Beach—Buy 10/. No Town Creek—Buy 34/9, sel 35/3. Old Dunstan—Buy 3/, sel 3/9. Olrig—Buy 21/, sel 22/6. Pactolus—Buy 70/, sel 75/. Rise and Shine—Bny 21/9, sel 22/9. River Molyneux—Buy 1/9, sel 2/9. Royal Maori—Sel 3/6. Sai'or's Bend—Sel 39/6. Teviot—Sel 5/. Unity—Buy 18/3, sel 18/9. Upper Magnetic—Sel 6/3. Victory—Buv 15/, ?el 20/6. Waimumu Central—Sel 7/9.

STOCK EXCHANGE NOTES. The height of the river was reported to the Dunedin Stock Exchange as 2ft 9in, with the weather fine. The market wau a little brisker this morning than yesterday, and six parcels of shares changed hands. The hitherto unaccountable drop in Bendigos was explained this morning by the dredge-master's report, in which he said that the sand pump will have to be used on the dredge after all. Shares consequently declined to—buyers 8/, and sellers 8/6. Golden Beach shares made their reappearance on 'Change to-day, after an absence from the call of some weeks. There wes a buyer at 5/ and a seller at 7/6. Golden Rivers saw a further fall, two sales being recorded at 5/7£, and another at 5/6, the market closing—buyers 5/3, sellers 5/9. At this figure it might be worth while buying into this stock for holding purposes. Halfway House shares were steady. Junction Electrics firmed a little, two sales at 18/6 being effected, and more being wanted at the figure. Sellers, however, preferred to hold for 19/. Leaning Rocks were also inclined to harden up a little. Meg and Annies were inquired for at 15/6, but there appeared to be no sellers at anything approaching this figure. The dredge-master of the Molyneux Kohinoor reported that the dredge was on "good gold," and he expected to get a satisfactory return this week. This report had the effect of making sellers retreat to 3/6 dis., buyers offering 5/6 dis. There was a further improvement in Monte Christos, buyers offering 17/, and sellers declining to transfer at less than 20/. River Molyneux stocks were again sold at 2/3. There was no change in the quotations for Manuherika, Nelson Creek, No Town Creek, Pactoius, Rise and Shine, and Unity shares. Upper Magnetics showed a tendency to drop, there being a seller at 6/3, without a buyer. Investment stocks were quoted as follow: —Bank of New Zealand—buy 63/, sel 66/6; National Insurance—buy 20/3, sel 21/; Standard Insurance—buy 17/3, sel 17/9; U.S.S. Company—buy £ll 5s 6d; Lake Wakatipu Shipping Company—buy 12/; Milbum Lime and Cement Company—buy (ord) 25/, buy {lO/ paid) 13/. CROMWELL NOTES. [Special to thi Stab.] Jane 18. The weather during the past week has been very favorable. The rivers are now at winter level. The Cromwell dredge is repairing, preparatory to starting. Good progress is being made with the Junction Electric No. 1. It is anticipated th t the will be ready for dredging next week. The Hartley and R : ley dredge has shifted down near the bottom of her claim, and started dredging on Monday. The Alpine Consols dredge seems to be \xvv making prepar tions for a start.. The Kelly and Casey has secured a crew, and is busy dredging. The Central Electric is repairing. The Royal Maori has stopped, owing to the breakage of her hangers.