MINING.

Otago Daily Times, Issue 10450, 28 August 1895, Page 2

MINING.

SAJ.E QF THE BIG RIVER COMPANY, CFrom Our. Own GoiiMjspptfPES?,);".. • ! ' ; IlEBFTO?, August 27. A special meeting of the Big River shareholders was held to-day. " Eighteen shareholders were present, holding 9915 shares; and by proxy, 42 shareholders, representing 13,765 ;—total, 22,680, out r<f 24,' 00.' Mr Barklcy was in the chair. It was pioposed by Mr Barkley, seconded by M-t Butler, and curriijii—" That the directors be authorised to dispose of the wliole of the property and asset^ of the company,'as they may deem advisable—partly . cash aud partly paid-up jihsref in the new company,—provided the directors dp nqt sell for less than £25,00(1 cash and one-fourth intere»tinpaid-up shares in the new; contpany, with ;£SOSQ paid-up : workißgcaxiital; and ,£101)0 deppsis to beforfeitedif I thes.ile is not coiupleted withm five months of the I signiuji of the agreement;." Twiproxies, representing 700 share?, were aeainst, and all the others for. This practically allows the directors to deal with the representative pf tbe English syndicate, who. has made an offer of purchase.

THE AUCKLAND BOQM, Auckland, August 27. The boom in mining matters is increasing in magnitude, and new companies are being floated daily- Tauranga residents think Kaimai and Tepuke should be included in the extended boundaries of the goldminicg area. A large amount of business was transacted on the Stock Exchange to-day in mining stares, values beiu^ generally well maintained. Karangahake stock showed a ljrtle change. . Kuaptunu share 3 continue ie demand Coroniandel stocks are coniipg iato favour.' Quotations of principal niineV:—AJburnia, sales 6s 9d, .sellers" 7s; Hazelbank. -7s 9d, buyers 7s Si, sellers 7s lOd; May Queeb, buyers 11s (id, sellers 12s; Moanataiari, sellers lls 3d; Norfolk, 4s Id, sellers 4s 3a; Victoria, 2s' 9d, bujers "23 Sd, sellers 2s 10d; "Waiot'ahi, buyers 23s 6d ; Grown, sellers 445; Waihi - Silver-ton, 56a, sellers j>7s; Woodstock, sellers 375; Waitekauzi, sellers, 7fis; Portsea, sellers Is lGd; "Welcome Find, 2s Sd to 2s lOd, buyers 2n Sd, sellers 2s lOd; Grace Darling, sales 3s sd; Talisman, 14s fid to 14s 9d, buyers 34s 3d, sellers 14s 6d ; Owharoa, buyers 5s 90, sellers 6i: Alpha, sellers Ss; "Victor 63 "fid,' 'sellers 6s; Waitekauri No. 4, 2a lid to 3s, buyers 2s' lOd, sellers 3s 2d ; Huauui, 3s 3d, buyers 3i, sellers 3s 2ri; Kapai-Vermont,'9s 6d, buyers 9s 3d, sailers Rs 9d ; Try Fluke. 13s t.o 13- 3d, buyers 135 3cl, sellers 13s fid; Bunker's Hill 5s Bd, 4s 9a, ss, buyers 4? Bd, sellers 4s lOd ; New Winds Waihi Soiith 2s Sd to 3s. sellers 3s "Waitekauri South, Is 3}d sellers Is 2d; Golden Fleece, Is 5d to Is 6d. sellers is 5d ; 'Wajtekauri No. 2," Is to Is 3d, sellers Is 2d. Arrangements are c«mp!eted for the definite sale of the Waihi South mine in London. The Waihi Silverton reef, liiz wifie, averages an assay valise pf £610s per ton. ' "Mr Jafcez Burton renorts.:—"The Roxburgh Rold Sf-ea'm Dredging Comp'iny washed lip on the 24th inst. 230z wold, flic JEttrick dredge wprkiid qn old ground (hiring the week; wash up 24th ii.st, 7oz M'Ken'zie's Beach Dredging Company (Limited) washed up for the week endiiiii 2Hh inst. Soz gold. ' ' ' '.' aiiui'ng operations at Qlenqre (says the Bruce Herald) "wilt shortly be CQiinderably extended. Messrs'Nelfon'and party's dredge'i3 still busy winning, the pieqiqus iiietil frpiii the, bed of the creek, and. now we heir th'afc another dredge is about to be erected by a new compipy. The promoters number eight, thres being' residents of Gleoore and fiy^ of RoKbuvgfi, %yith~Mr G. Tglford (of Pyox]juigh) as manacer. A large quantity of timber is already on the ground, and building onemtipps will be commenced next month. The ironwork fpr tbe dredge is bsing manufactured by Messrs Postlethwajte" snd Stevenson, of Dunprtiu, whp will hlso'supply the engine and boiler, which are to Vje of the "ye\y latest dedgn- The company have secured a large tract" of lsnd on both tidfs of the riverj which is expected to'yield good results, and altoffether the future of the niioins industry at Gleaore seeriis assured.