MINING.

Otago Daily Times, Issue 10620, 16 March 1896, Page 3

MINING.

AUCKLAND SHARE MABKET. (Per United Peess Association.) : ; , Auckland, March 14. The demand for high-priced stocks w»3 again noticeable on tha BxchaDge to-day, but cheaper ones met with leas inquiry. Waitekauri shares ohanged hands this morning at 90s, with further buyers at 87s 6d and no seller's under 955. Talismans also sold at 9a 9d, and several lines of Woodstocks at Sfa 63. Grace Darlings were a shade firmer, sales being made at Is Bd. A steady buyer continues to offer 26s for Waiotahiß, but there is no seller under 30s. The getting of picked stone from'the Victoria to-day caused theße shares to change hands at is and 4a Id, but the market closed with further sellers at tho former figure. Monowais wero a shade firmer, buyers offering 69 3d. Coromande! shares showed little business, bufthere were buyers of Bunker's Hills at 6s M and no sellers under 7s 3d. Hauraki No. 2 and Pride of Tokatea each sold at Is Id. There Was a better demand for Kusotunu stocks. KapaiVerraonte sold at 6s 9d, and Oupiters at 3s 6d,

AUSTRALIAN SHARK MARKET. Special—By.Telegraph-Copyright.

Sydney, March 14. During the fore part of the week brokers mainly confined their speculations to thu cricket match and the picking of the cricket team. Business both in investment and ruining shares was slack, but improved la the latter part. Government stocks are steady. Banks show a slight inclination to ease. Silver fluctuated considerably, but closed firm and advancing, In view of the prospect of a now concentrating plant being started ihortly at Broken Hill, Block X had a big advance. Proprietaries also stiffened materially. la gold shares there were very few transactions. They closed o little firmer. Copper shares were distinctly weaker. The Telegraph has published a series (If articles from a special-correspondent on the WestraUan goldfield. In a leader summarising the articles the paper says:-"That there is anythin? to justify the present boom has yet to be proved, actually less gold being raised in Wcatralia than in New South Wales. The history of the majority

of the sensational discoveries is much the same. .They are eminently fitted by the dazzling richuesg of the surface as showa for boomiog purposes, but comparatively useless for the genuine minor, on account of their poorness beneath, As lone »b the gambling continues and the public subscribe the moHoy to inaks a pretence of Work at all,1 the ibsurdly capitalised wild cats, with which the gams is played, labour will be in demand; but when the gamblo is over, speculators will fold their tents and silently steal away. Likely enough » Few mines will give permanent employment; but It is absolutely certain that as Boon its they are of no more use for stock exchange gambling the bulk of them will ba abandoned. The raises, so far. have given no indication to 9U3tain anything like tbe rush they attracted, and miners are strongly advjsed to think twice before abandoning, the richer mining colonies cast, with the probability of finding thdrnnelves stranded and homeleSß in the west. It will be fortunate if trouble of a serious nature does not result from the rush." - ' . Melbourne, March H. Sound investments are in good demand at full rates. Mount Lyell and Board of Works debentares had a big turn over at n good advance. Banks' and Government bonds nre steady. In silver there has been a fair amount of biwinesß, but prices are irregular. Broken Hill Proprie- , taries are in strong request, with a material 1 advance at the close. There were opening sales of Proprietaries »t <8s 60, closing at 50s 6d. Block X's jumped from 81s 6d to 9lt, Tasmanistn mines are in good demand at imoroved rates. In gold, Westraliann are dull. Victorians are In steady'request, with an improving tendency. , . ■ ' Adeuidb, March 19. After marked dulnessfor the greater part of the week a brisker tone was noticeable ill the share market in both gold and silver, Barrier stocks closed strong; Proprietaries sold at from 483 to 50s; Block X, SOa Cd to 92s Bd. Westralian gold shares were firmer.

; NOTES FROM REttSTOM. (From Our own Correspondent.)

; Reßfton, March 15. Jttining Eeturns for the past week.—CookSparrow dredge, 42oji 4dwt amalgam for 10(5 hours' dredging; Keep-it-Ijaik, 112oz amalgam from 115 tons of stone; Bullet dredge, lOoz.ladwt gold for. 80 hours' dredginK. Saturday Midday Quotations.— Big River, 20s to -21s; Buller dredge, 6l 6d to 6s; Oockapirrow dredge, 3s to 3s 3d; Cumberland, 3s 9d to ,4s; . Exchange, Is 3d to Is Od; Dillon, Is 2d to Is4d; Hercules, 3s to 3s 4d; Keep^Dark, 3ls'6d to S2s 6d;. Golden Lead, lOd to Is ; Inglewood, Js 3d to Is 6d; Lyell Creek, 33 3d to 3s 6-1; Lord . Edward, 2a 8d ;to 2s lOd; No. 2 South Dark, 2s 3d to 2s 6d; Ilutnell, Is id to Is 8d j Success (cum allotment), Is 3d to Is 6d: Alpine, lls to 3&; Welcome, 3s Id to 3s 4d. News reached town yesterday moitifng that H, Bctts had: struck gold-bearing stone near Auld's creek, ffvhere: he has been working for a consider' able time past. The finder has applied for a lease rhefsto&e is in the line of AuduKon'6 reef, and mdicatloDs are promising. Reprding the recent find in the Msrnla ■' district, the latest infotmatioa is to the effect ■ that thrco dietiobt runs of stone have been found in a bank of slate, and the main body of stone, which is 10ft wide, is distant and parallel with tha two others, which are smaller. Gold can bo seefi in the^ stonß. Several extended piosptcting licenses' and small claims have been pegged out 'during the week., A Wellington syndicate has applied. forMO acres in tho locality. ■'> ■

Mr F,Gray,-B»ld Hill Flat,-cleaned Up the Bxcelsioivbattery. tin Thursday, obtaining 58oz 6Mwt from 28J tolls of stone.—Dunetan Times. Owing ti> the success of the Sew Hoy Company in working the river bed at Tucker Beach, an Irapetua has been given to dredging, and four new claims immediately below have been taken up of ground which only four or flva years ago waß abandoned as non-t>ayable. ' There can hardly be Eaid to be a boom 00, but dredging claims / from the Kawaratf river (Bannopkbum junction) are multiplying upwards, otid it Is not imorobible that before long the gap between them and these Shotover claims will again be filled up and made y productive by improved appliances and more Beperiended managisWent.^Lake Wittttipu Mail.* It is reported (says the Oreymottth rtar) that Mr K. C. Jlills, of Greymoutb, has cabltd from London to the directors of the Mount dOr Company, asking fdr; an extension of three mouths1 time t6 enable him to place the property oh the London market. The aireetots have nbt y<st decided upon the Bctiou they will take. Mr Mills is, confident of floating the lease on the Paparoa range if the shareholders take half in cash and half in shares, a proposition which has Jjeen agreed to.