MINING.

Otago Daily Times, Issue 15692, 26 February 1913, Page 7

MINING.

The annual statement of affaire of the Roxburgh Amalgamated Mining and Sluicing Company Bhows the nominal capital to bo £30,000, of "which. £29,152 10s has been subscribed, and £13.121, 5s 6d aotuatly paid up in cash. The present number of shareholders » 169, and 14 men aro employed by the company. The quantity of gold won last year was 5380z 15dwt, valued at £2052 2s lid, making a total production sinoo tho registration of the company in March, 1889, of 28,7230z sdwt 12gr, valued a.t £107,611 9s 9d. Tho working' expenses sinco last statement amounted to £1911 8s 3d, and since registration to £88,690 4 10s. The sum. of £32,429 16s 4d has been declared in dividends. Tho company has cash at bankers and on deposit totalling £528 4a Id, 1 , and is indebted "to tho extent of £90 5s 6d.' '

The West Australian output of gold for January was 104,705 fine- ounces, valued at £444,758. The total 'is 11,2320z lees than for December, and 16630z less than for January, 1912

Tho Victorian yield of gold for January was 27,2320z gross, or 25,0670z fine, valued at £106,477. Compared with the yield for January of last year this shows a deoreasO of 87200z fine, the value of which would have been £37,040.

Tho secretary of tho Nokomai Hydrauiio Sluioing Company reports that No. 1 is still 6hort of wator, and No. 2 had four days' sluicing. The dam was emptied on Friday morning,. and a new grating was put .in. Tho opportunity has been ■ taken to sluioo out the silt which had accumulated. The weather has been showery' sinco Friday, with a little enow on the hills, but tho rainfall was insufficient to start No.' 1. No. 3 during this week cleared all plane out of tho paddock, built "wall, constructed road, opened up creek, relayed nozzle, and started stripping on Thursday at 4 p.m.

DUNEDIN STOCK EXCHANGE. Union Steams continue to be the medium of a fair amount of business. Although no business in'this lino was transacted on 'Chango yesterday two' sales were reported at £2 9s, and ono at £2 9s 3d. The market closed with a feller at the latter figure, but no buyer. A 'salo was reported in Milburn Limes at £1 17s. These shares were in demand on 'Change at £1 16s, but no sejlers camo , forward. Tho dredging and mining sections continued quiet. Buyers of Electrics were firm at 5s with sellers asking Is more. Pricey of Waihis showed no variation: The stock was quoted at £1 13s and £1 14s, buyer and seller 'respectively. Talisman • Consolidateds were on offer at £2,. with buyers advancing £1 19s, ■with result. Sales reported: Union Steam, £2 9s (two parcels), £2 9s 5d ; Milburn Lime and Cement, £1 17s. The following as yesterday's latest quotations, subject to the usual brokerage:— Dredging Stocks. Blackwater—Buyers 4s 6d, sellers 6s. " : Electrio—Buyers ss, sellers 6s. Hartley and Riley—Sellers 12s. Paotolus—Buyers 3s 6d, sellers 4s 6d. ' '; ' Mining Stocks. Roxburgh Amalgamated—Sellers 5s 3d. Nokomai Hydraulic—Buyers £1, sellers £1 3s 6d. Kuranui Caedonian (Ltd.)'—Sellers Is. May Queen (Ltd.)--Sellers Bd. ' New Zealand Orowri—Buyers 7d. • ; Watchman—Buyers 2s 6rl. sellers, 2s; 9d Talisman Consolidated (Ltd.) —Btivers £1 19s, sellers £2. Waihi (Ltd.)— Buyers £1 13s, sellers £1 14s. Waihi Grand Junction (Ltd.)—Scllore £1 2s. t Investment Stocks. National Bank—Sellers £6 0* 6d. National Insurance—Buyers £2 ss. U.S.S. Co.—Sellers £2 9s 3d. 'i Kaiapoi Woollen Co.—Sellers £5 ss. - Milburn Limo and Cement (£l)—Buyers £1 16s. .. Mosgiel Woollen Faotory—Buyers £3 10s, sellers £3 12} 6d. N.Z. Portland Cement—Sellers 19s 3d. : ( Wright, Stephenson and Co.—Buyers £5 12s | AUCKLAND STOCK EXCHANGE; I (Per United Press Association.) . AUCKLAND, February 25. • The following business was done on tho Auckland Stock Exchange to-day:—New Sylvia, lid; Victoria, Waiotahi, 33s 6d; Waihi Grand- Junction, 21s 6d; Auckland Tram, '24s 9d, 255; Wilson's Cement (ordinary), 325. | WELLINGTON STOCK EXCHANGE. (Per United Press Association.) WELLINGTON, February 25. ' Sales were made on the Wellington Stock Exchange to-day as follow:—Union Steam, £2 9s 3d; Westport Coal, £1 7s 9d; Talisman, £2; WaihijV£l 13s 9d; New Sylvia, 103 d. CANTERBURY STOCK EXCHANGE. (Per United Press Association.) " CHRISTOHURCH, February Tho following sales were effeoted on tho Canterbury Stock • Exchango to-ddy:— Christchurch Gas, £7 10s; New Zealand Insurance, £5 ss; N6w Zealand Farmers' Co-operative, £2 6s. . LONDON SHARE MARKET. ' Prew Association—By Telegraph—Copyright. LONDON, February 24. ; Waihi: Buyers, 31s lOd; sellers, 33s Id; ' Waihi Grand Junction: Buyers, 21s; sellers, 225. Talisman Consolidated: Buyare, 38s 9d; sellers, 41s 3d. NEW REEF AT WHANGAREI. (From Our Owk Correspondent.) AUCKLAND, February 25. There seems a possibility of a mining revival at Whangarei Heads, where proi specting has!been carried on quietly for some time past. An indication in, this direction is an application that has been made to the Warden's Court for two claims on Crown land on tho west side of Kauri Mountain. It appears that a reef, 40 feet wide, has been discovered in a fork of the Tairaharuru River, and in tho mineral belt between the old Kauri Mountain claim that was formerly worked and tho present Waiparoira claim, where low c grado ore has teen worked , for some time past. Tho ore, which has been exhibited at Whangarei, carries a fair percentage of gold, silver, and copper, .but its exact valuo will not bo known until a small parcel of quartz that has been sent forward to Auckland has been analysed. , STEWART ISLAND TIN AND WOLFRAM LODES. The statutory meeting of the Stewart Island Tin and Wolfram Lodes was held at the registered office, 26 Dowling street, on Friday evening. There was a good ntten'dnnco of sihareholdel's. The provisional chairman of directors, 3lr W. I. BobniJ presided, and explained to those present tho progress of the company. Work had been commcnced at Pegasus, and mis progressing satisfactorily under the supervision: of tho company's consulting engineer, Professor Waters. Mr J. P. Smith, M.1.M.E., hsd been'appointed manager, and had/ taken up h.:s quarters at. Pegasus. The Govori;meat kid sent the Inspector of Mines dawn, to mato a wort on the propertiefi to tho Minister of Mines, and a subsidy up to £550 to assist in the construction of tho tramway had been authorised by tho Government- as a. result. ; The directors' , report was read and adopted.' • Mossrs Wm. GreJ and R. Gilkison, _ whi> recently visited tho claims, spoko in nigh(est terms of the prospects of the company. It was resolved to issuo the balanoo of tho contributing shares to tho public. Moesra Alex. Blaok, W. L Bolam, R. Gilkison, Wm. Grey, mid C. H. Statham were elected directors. _ and Mr T. S. Graham was elected auditor.