WAIHI REEFS.

Otago Witness, Issue 2921, 9 March 1910, Page 28

WAIHI REEFS.

AUCKLAND, March 1. The sixty-eighth dividend was paid to shareholders in the Waihi Gold ' Mining Company to-day.' The total dividend was £99,151, of which £28,129 8s goes to shareholders in New Zealand. The total amount paid in dividends to date is £3,714,369 6s

March 3. The> return from the Waihi Grand Junction mine for the month of February constitutes a record for the mine. The superintendent reports regarding the yield: "Running 37 stampers 24 days;- crushed 6749 tons; value, £10,021 10e; assay value of tailings, 3s 7d. This, brings up the total output to date to £277,313 2s Id. AUCKLAND, March 4. • The Waihi Gold Mining Company during the four-weekly period ended February 19 crushed and treated 34,225 tons of ore for a return of bullion valued at £74,119. This, when compared with the return for previous four-weekly but broken period", represents' an increase of £19,873, the 24,227 tons crushed and treated for the period ended January 22 having yielded £54,246. The total amount won from the mine to date is £8,301,628. WAIHI, March 4. The Grand Junction since the change of management has entered upon more extensive operations, and the reduction' in the cost of mining and milling is very considerable, and the present returns show a good margin of profit. A much larger tonnage will be treated in future, with vpractically no addition of cost, as the plant and staff are sufficient to deal with a larger tonnage than is being treated at present. Ample ore is available. The Royal, going east, is, states the superintendent, opering up particularly, well, which is important, as it gives a considerable length of run before reaching the Waihi reefs boundary. The superintendent further mentions that the present development work in the mine is very satisfactory, and that in his opinion the No. 5 level has been so little developed that a great deal should be discovered in the near future. It is intended to push forward all development work by opening up new drives and faces. Tenders will be called at an early date for sinking the shaft for the No. 6 level.

TOAROBA MINING SCHEME. HOKITIKA, March 1. Mr H. L. Michel. Mayor of Hokitifca, and Mr Perham. C.E., left en route for Sydnev last evening in the matter of the Toaroha mining scheme, which involves an expenditure of £200,000. The present mining regulations compelled, the syndicate to alter its plans from hydro-electric to gravitation.

KEEP-IT-DARK MINE. (From Otra Own Cqbkespondbnt.) GREYMOUTH, March 2. The following is the report of the manager of the Keep-it-dark quartz mine for the month of February, 1910: —The main, shaft has been retimbered 167 ft for the month, and 140 ft for January. All the ladders have been, renewed between No. 3 and No. 1, guides respiked, and winding compartment overhauled from top to bottom, and water bailed out. Since then we have been filling stopes and retimbering the level, getting ready for sending quartz to the battery from the battery level.

Twenty-three feet of the surface drive has been cleared and rctimhered. The surface winze has been sunk 7ft for the week by two men—total depth, 36ft. In sinking wo have come across pieces of quartz showing gold freely. Samples have been taken, of everything in the winze, and assay ?ery well. . .

REPORTED QUARTZ FIND

HOKITIKA, March 1

News has just been received of the discovery of a rich quartz find in Donnelly's Creek, Ross. No particulars are to hand.

NEW ALPINE MINE. (From Our Own Correspondent.) GREYMOUTH, March 4,

The New Alpine mine manager's report for the week ending March 1 is as follows : —" No. 7 crosscut was extended 18ft for the week, making a total footage south of 125 ft. The ground continues the same as last week, and is damp. The strata is running with -the crosscut south.

MOUNF LYELL MINE. MELBOURNE, March 4. The Mount Lyell returns from January 27 till February 23 (inclusive) show that 30,384 tons of ore w.*e treated, including 10,631 from, the Nortn Lyell mine. The converters produced. 621 tons of blister copper, containing : Copper, 613 tone; silver, 53,6270 z; gold, lllloz.

, CONSOLIDATED MINES. (From Our Own Correspondent.) GREYMOUTH, March The following are the February returnerProgress.—Crushed 3662 tons, yielding £4935, and oyanidejd £1049. The smelter during 10 clays washed .71 tons, the theoretical extraction, being lOOoz. Wealth -of Nations.—Crushed 1750 tons, yielding £2148, and cyanided 1160 tons, yielding £713. Black vater.—Crushed 2580 torts, yielding £5506, and cvanided 1720 tons, yielding £351.

ENTERPRISE DREDGE SUNK

• On Thursday evening the Molyneux River rose very rapidly until it was 13ft above the normal mark, at the Alexandra bridge, the rise being due to heavy rains up country, and a good deal of drift timber was -coming down with the flood. The river height was the highest recorded' for some months past, and it so happened that the Enterprise dredge, situated about a mil© above -Alexandra, was undergoing repairs, and is reported to have been all safe when seen about midnight. On Friday morning Mr C. S. Reeves received the following wire from the dredgemaster (Mr Burnside): —"Dredge sunk duringnight; bow in deep water; only screen, and tables showing. Elevator broken off. Looks hopeless." Mr Reeves wired for further particulars, audi during the afternoon he received the following :—" Rive* in flood. Dredge in bad position. Everything safe when left last night ", extra lines out, pontoons dry. Saw crown wheel, top tumbler, and friction gear above water; bows in 20ft; water in strong current. Starboard pontoon showing above water. Stern aground on tailings. Position looks hopeless for raising. Cannot possibly 'explain how it occurred." Mr Reeves states that the directors have taken steps to obtain advice as to what steps should be taken to refloat the dredge, and hope to have her again m commission before long. (From Oub Own Correspondent.) ALEXANDRA S., March 5. In connection with the sinking of the Enterprise dredge yesterday, it appears that the bowline carried away, and, the dredge being anchored in a back eddy, its swaying after the parting of the bowline probably accounted for the accident. The dredge is practically a total wreck, as she sank in her paddock about the centre of the rivei;. Shs has a big list, and _the elevator has snapped off and dropped into the river, whilst it is presumed the boiler has rolled overboard. Water is running over the-wreck, and she bears a sorry spectacle. It is doubtful if she will ever be raised again.

ISLAND BLOCK DREDGING AND SLUICING COMPANY.

The tenth annual meeting of the Island Block Dredging and Sluicing Company wag held in the office of the secretary (Mr Jas. Brown) on Monday. February 28. There were nine shareholders present, and the chair was occupied by Mr H. F. Nees, chairman of directors.

The following annual report was submitted: —"During the past year no actual mining opejations have' been undertaken on the company's claim. The water was under lease to Messrs Cooper and party until the end of March last; Tour directors, before committing the company to the expense which must necessarily be incurred to enable them to resume either hydraulic elevating or dredging:, have thought it advisable to await results from the New Golderr Run Company, which works part of the comDany's ground oa tribute by dredging. This company, after a gallant struggle against great obstacles, succeeded in reachinn; -oayable ground in December last, and indications rrow point to good results. On proving this, however, their dredge had to be clcsted down, for repairs, and a considerable amount of money has been expended in overhauling her. Further tharr this, their operations have been hampered and delayed throucrh, shortn-sss of water, due to the exceptionallydry season. Our expenditure has been kept as low as a due regard for the care of the company's property would permit, orrly the raceman and a caretaker being l employed on the property. The company has sustained a severe loss in the death of Mr Alex. Sligp, who had been, a director of the company since its incorporation, and who at all gave close attention to its business. Not only wag he esteemed bv his co-directors for -his personal worth, but was greatly valued for his keen business ability and his indefatigable energy. In accordance with, the articles of association, Mr P. H. Power is the retiring director, and, being eligible, offers himself for re-election. It is left to the annual meeting to elect a director irr place of the late Mr Sligo if it thinks; fit to do so. Mr T. S. Graham is eligible, and offers himself for re-election, as auditor."

In moving the adoption of the report, the Chairman made feeling reference to the loss sustained by the directorate owing to the death of Mr A. Sligo, who had always given the most careful attea 6

tion to the oomparry's interests. After overcoming many difficulties, another dredge was now on good ground, at the top of the Island Block Company's holding, and this confirmed the directors' opinion that the ground was good, though the difficulty hcd been to strike the lead. If it was deemed wise to pursue a more vigorous policy, more cash would be neoesBary, and instead of proceeding at once, the directors had paused until they could see the success of operations in the adjoining claim. They were now of the. opinion that they should prospect again with . a dredge, and also by means of boring at the lower end of the claim. At the time of closing down they were getting fair returns, which met expenses. With a few alterations, he believed the dredge could be more profitably worked with water power, and it. was for the meeting to say if work was to be resumed. The motion was seconded by a shareholder, who said he was glad to hear that some scheme had bean agreed upon, and ihe was quite in accord with the proposal to test the lower portion of the claim. Judging by what another dredge had accomplished, the Island Block Company was quite justified in getting its dredge ill order to resume operations. In reply to a shareholder the Chairman stated that the directors proposed to test portion of the claim by boring, and if the results justified it, they would raise more money if necessary, to pursue their policy. Boring would assist them in determining the value of the- ground. The report and balance sheet were adopted unanimously. The statement of affairs up to the end Of December last shews that the company ■was registered in February, ISOO, with a nominal capital of £60,000, of which sum £24,030 was subscribed and £12,030 was paid up. £12,000, value in shares being given tc shareholders without payment.

The total quantity and value of gold won, since starting operations was 72060 z 17dwt 2gr, value £28,110 6s lOd, and the total expenses during the same period amounted to £33,185 5s Id Dividends amounting to £2403 have been paid by the company, which has a balance of £2OO at bank. Debts amounting to £IOO are due to the company, and the total debt owing by the company amounts to £IOO 4s 2d, and there are no contingent liabilities. It was resolvcc' that the number or directors remain as at present, and the re tiring director (Mr Power) was re-elected. Mr T. S. Graham was '•e-eieeted auditor.

WAIKAKA UNITED DREDGING COMPANY The eleventh annual report of the Waikaka United Dredging Company contains the following information, which, will be submitted next week by the directors: "We have had another profitable year, as the amount of £4480 has been distributed in dividends No. 1 dredge has produced during the Year 50 weekly return® of a value of £4986 14s lid, and No. 2 for 50 weekly returns produced gold to the value of £4869 5s lid. The dividends paid to the date of this balance sheet amount to 68s per share, making a total of £38,080, and since the closing of the books a further dividend of Is has been paid, making £38,640 to the shareholders. Your directors expect good results for the coming year, and both dredges are in excellent repair. . The retiring directors are' Messrs John Turnbull and Robert Pa.ter.son. Both are eligible and offer themselves for re-election. Mr Geo. Blyth, the auditor, also retires and seeks re-election."

ALEXANDRA EUREKA DREDGING COMPANY. The statement of affairs issued by the 'Alexandra Eureka Dredging . Company for the year ended December 31, 1910, shows that the company was registered in November, 1899, with a nominal capital of £12,000, all of which was subscribed, and the paid-up value of scrip given to shareholdf- on which no cash has been paid, is £l2/ The number of shares into which the pital is divided is 12,000, and the whole of the shares have been allotted. The amount called up per share is £l, and there are no calls in arrear. The company registered with eight shareholders, and the present number is 51. Nine men are employed. The -total quantity and value of gold produced since registration totals 12,3870 z 2dwt, value £47,885 10s Bd. Of this amount 7520 z 6dwt, value £2,897 8s Id were nroduced last year. The company has spent £28,390 10s. 6d in carrying on operations since registration, and of this amount £2032 17s 4d was expended last year. Dividends amounting to £18,900 have been declared and paid, and the company has £204 0s Id at bank. Debts owing by the company amount to £173 13s 3d, and there are no contingent liabilities.

BAREWOOD GOLD MINING CO. The annual meeting of the Bare wood Gold 'ining Co. was held in the company's offio i Monday, February 28. Mr Hugh. Adan. occupied the chair, and there were 10 shareholders present, and 10 shareholders, representing 1144 shares,, were represented by proxy. ' The following report was submitted for the year ending December 31, 1902: "~The results for the year have not been quit-* up to expectations so far as yield of ore per ton is considered, but, as shown in the engineer's -repoprt, the ..costs have been kept down. It will be noticed also from the engineer's report that a considerable amount of now plant; was erected during the year, and a start made to deepen the shaft. All this work has entailed much expenditure, and in view, of completion of sinking, etc., your board has decided to again ask the debenture holders to allow repayment of the debentures to stand over for another" year. The directors have again to thank Mr H. S,. Molineaux,. the mine manager, for the work done during the year, more especially that, in addition to the- general- routine work, he has had to 'devote considerable time to supervising erection of new plant." In a .report submitted by Mr D, B. Waters, M.E., the company's engineer, ho gave a table showing value and cost per ton Since 1905. In the latter year the ore averaged £l lis 9d per ton, the coet of pro- ■ duotio.il being. £1 Iw 7.5 d per ton.-Last year the ere value was?SSl 4s 5.3 d per ton, and cost of production -averaged £L'os 8.7 d fier ton. In view of the large '-amount of Surface work, erecting hew plant etc., this fe considered quite satisfactory. "Thi ore treated during last year was jfcained mainly from stoges between Nos. 5 "fcnd 4 levels, mostly under No. 3 level. A Slnall amount was obtained from stopes 6ver No. 3 level east* but this ore was

poor. During last year also, driving was carried out on Nos. 3 and 4 levels east, also on Nos. 2 and 3 west. Stopingout ore was only carried on for about nine months, still, the tonnage obtained <5477 tons) was greater by 684 tons than the tonnage for 1908, wher- mining was continuous for 12 months. The other three months of the year were absorbed in plant erection-and development work. In March a new shaft head frame was erected, and at the same time the whole of the winding plant, engine and boilers, was shifted back and re-erected. The engine shed was enlarged, and a new change room and store room provided. In November the small winding engine which has been in use since 1903 was replaced by a new and much larger engine capable of working the shaft to a considerable depth. It was expected that during the year the mine pumping plant would be erecie-j. also, but owing to the loss of the first plant through the wreck of the Maori, the repeat order is only now to hand. This work will be done during the present year. The mill ran continuously for about 104 months, treating. 5477 tons, or 684 tons more than for 12 months in 1908. This increased tonnage has been effected owing to slight improvements, and also to the good condition in which the plant is maintained by the management. The amount of coke used during the year amounted to 79 tons, at a cost delivered of £lB6 13s 6d, or 8d per ton of ore milled. On December 1 deepening of the shaft below No. 4 level was commenced, and at' December 31 a depth ot 60ft below No. 4 level, or 360 ft from the surface had been reached. It is anticipated that a. depth of 100 ft will be reached, and a reef cut at. No. 5 level some time :'n February. All the machinery has been kept in good order during the year, and erection of new plant carried out under direct supervision of manager in a very satisfactory m inner. The reports were adopted, and the retiring directors (Messrs C. Speight and A. C. Wilson) were re-elected, and Messrs W Brown and Co. were re-elected auditors. A special vote of thanks was accorded the manager and mine staff for their services during the past. year.

MUDDY TERRACE SLUICING COMPANY. The directors of the Muddy Terrace Sluicing Company have just issued to shareholders a memorandum detailing operations since New Year. We extract the following:—

"For the last two months the manager and the whole of his working staff have been camped up the Dome, and have been employed in widening, securing, and staunching the race, lining leaky places with sod walls, and effecting, other repairs. This work is now just about completed, and the manager assures the board •; that when the rain sets in, and the race is again put into commission, the water, conveyed to the claim will be so much more certain, steady, and ample that the work which will now be accomplished on the claims will be so increased as to make it possible within the incoming months to make up for the two months which, have been lost. To use the words of one of the experienced racemen employed on the works, 'We are now making certain the bringing home of the water which enters the race at the head works.' Putting the matter' shortly, it was only by introducing; the water in the largest volume commensurate with safety that the manager could in a practical way make manifest the nortions of the race which were faulty. This was rendered possible durinsr the time (a little over two months) that the water was conveyed in the race and the claims worked. Tries' l faulty portions have now been repaired and the work to he accomplished -on the claims with the water, when it does come, should, the board are assured, be more efficient. The staunching of the race was an absolutely necess.arv work: vet, hut for the dry weather now experienced, the manager might have put off doinsr it — beinor influenced by a natural anxiety to be keeping at the work of gettir><r jro'd. However the extremely dry weather has enabled the man-«cer to make a virtue of necessity and dmine- the period of enforced idleness in the claims to make the race more servicer We. Evervt.Viine on the clnims is in a satisfactory position—thinqr is in rearH^ s ''* for the active work of and sluicing l . It has r ow been proved, and has become universally recogbv tv, 06e canahle of form'nc a- reliable ooir'on unon mining undertakings the rjhys'rsd features of the Mi«fdv Tf-Dcos are of such a mature, and their <-><->M richness +hat m'V* be d««.lt wi + 'i "n n conle of £"-e.at to be "~d tMt onlv a ""d powerful nuan+:+v of wate" can Urv of "«>rr"merativ» «->■•- vi/v» m->on them The ilttHyijrr i»»n«t bo •=^ : fted end du+ thronarh m immen<=" "Urt"t;f,'/i«. pr OT , ce the exte"°ive nvAnaiv* u, i s f o

this* comnanv kn= and +he elaborate irrr>iw(-~"->onts which have now been accomplished."

M \NUHFT? IKTA DREDGING COMPANY. The annual statement of affairs just issued by the Manubcrikia Dredging Company for rhe year ehdin* ' December 31, ISiC, contains the following information: — The oomranv was registered on AiiQUst, 1, 1899, with a .nominal capital of £12,000. of which £6OOO was paid up in cash and scrip to the oaid-up value of £6OOO was <riven to the shareholders without, payment. The capital is divided into 12,000 .shares, and that number of shares was allotted, and £1 ner share has been called up (and paid). The number- of shareholder-- at registration was seven, and the pre?'-I number is 169. Eight, men are onin!f"«d by the company, and the total quantity and value of gold produced since r«o"istration was ?5,3670z 13dwt 18ssr, value £53.880 13s 2d. of which 6540 z lOdwt. value "2521 5s 2d. was- produced last year. The lo'tal oxnenditure since starting operations

•-.-as £32.451 8s 6d. and of that amount £1495 :6s lid was spent last' year. The company has declared a total of £30.600 in dividends, and of that amount, the whole has been naid, except £5 14s 6d unclaimed. Ca-sh at bank amounts to £1692 12s 3d. and deb" owing by.; the company "amount to £339 Its 4d, ,and there are no contingent liabilities. " '''.'"'.'' '.-., " .

CROMWELL NOITE9. (From Our Own Correspondent.) CROMWELL./ March ( 4. Owing to the very heavy rains the rivers rose very high last night, reaching the highest level for s6me ' considerable time. Consequently there will be no chance of

the gorge dredges getting a start for a long time. The Cromwell Syndicate has pegged out the old Cromwell" claim, also the claim below it, which was taken by the Electric Company from the late Junction Company. As these claims have been all worked the prospect of doing any good does not seem bright, but it may strike a patch,- The company started moving up on the high river to-day. The Electric No. 2 is making preparations to move down to the late Alpine Consols claim, and as there are several shallow bars to negotiate they must take advantage of the high river. The water supply for the hydraulic claims should now be good for some time, and there is every indication of more rain hanging about. DREDGING RETURNS. Oz. dwt. R ; se and Shine No. 2, Cromwell, 140 hrs 83 7 Rising Sun, Cromwell, 134 hrs ... 62 1 Golden Bed, Miller's Flat, 130hr5... 57 7 Rise and Shine No. 1, Cromwell, 121 hrs 41 12 Masterton, Waikaia, 126 hrs 39 7 Good Chance, Alexandra, week ... 33 17 Waikaka United No. 2, Waikaka, 132 hrs 35 b Otago No. 2,2 weeks 31 0 Waikaia, Waikaia, 131 hrs 24 3 New Roxburgh Jubilee, Roxburgh, 106 hrs 22 15 Koputai, Waikaia, 131brs 19 14 Golden Treasure, Miller's Flat, 132 hrs 19 1 Central Charlton, near Gore, 115 hrs 19 0 Mystery Flat, Waikaia, 138 hrs ... 14 10 Otago No. 1,99 hrs 13 0 South Waikaia, Waikaia, week ... 11 0 Manuherikia, Alexandra, 2 days ... 10 0 Punt, Upper Clutha, lllhrs 8 16 Total 541 1 West Coast. New Trafalgar, 126 hrs 13 13 DUNEDIN STOCK ECHANGE. The share market has been quiet during the past week, and sales moderate. Old Haurakis have been unsteady, and have not Quite recovered from their rapid decline. Sales were recorded early in the week at 3s 5d and 3s 6d, and on Friday two parcels changed hands at 3s 4d and 3s fid, but during the afternoon they hardened on 'Change to 3s 10£d buyer, and 3s lid seller. Grand Junctions took an upward move early in the week, and rose from sales at 32s 9d to 355, but were unable to maintain their advantage and dropped back on Friday to a sale at 35s 9d. There were, however, sales reported at 35s 3d and 35s 6d. The market closed with se.'lers holding out for 34s 6d, with buyers close up. Waihis have been in demand for some time past, and outside sales were recorded on Friday at £9 17s 6d and £9 17s 3d. Talismans have been quiet all week, and investors shy of them. No sales were recor.de'', the market closing with a buyer at £2 i 6d, and nc seller. Muddy Terrace shares arc again on the move, with a sale at 24s 6d, and more wanted at 245, with no selling quote'. Dredging stocks are not in strong demand at present, and only one sale was lvcordod during the week—a parcel of Blacn water Rivers having found a buyer at 4s sd. Investment stocks have been fairly active, and a good many have changed hands during the week. Sales included D LC. pref. shares at 225, and after steady inquiry New Zealand Drugs changed hands at 475. National Insurance shares accounted for a reported sale at 28s 9d. Westport Coal shares are in favour, and a parcel changed hands yesterday at £6 2s. JVlosgiel Woollens have been quiet for quite a spell, but made another move yesterday, with a buyer at £2 16s.

The share market was quiet on Monday, and stocks were not in much demand. Grand Junctions accounted for the only sale on 'Change and one parcel changed hands at £1 15s. Two outside sales were reported, New Slyvias at 4s 6d, and New Zealand Drugs at £2 7s. The following are Monday'-; latest quotations, subject to the usual brokerage: Dreduing {Stocks. Alexandra Eureka—Sellers 2s 9d. BLaekwater —Sellers ss. Electric—Sellers 4s. Golden. Bed—Sellers £1 3s. . Nelson Creek—Sellers 16s 6d. No Town Creek—Sellers 10s. Rising Sun—Buyers £1 17s 6d. Mixing Stocks. Muddy Terrace —Buyers £1 3s 6d. Consolidated Goldfields— Sellers £1 Is 3d. New Zealand Crown—Buyers ss, sellers 5s 4d. Kuranui Caledonian—Sellers Is Bd. May Queen —Buyers 4s, sellers 4s 6d. New Slyvia—Buyers 4s 3d, sellers 4s Bd. Tasmanian Copper—Sellers 6s Id. Talisman Consolidated—Buyers £2 9s, sellers £2 9s 6d. Waihi—Buyers £9 17s 6d. Waihi Extended —Buyers 3s. Waihi Grand Junction —Buyers £1 14s 9d, sellers £1 15s. March I.—Old Hauraki. 3s 7d : Grand Junction, 32s 9d, 32s 9d. Reported Sale.— Grand Junction, 32s 4£d. March 2.—D.1.C ford.). 225. Reported sale: —Old Hauraki 3s 9rl. March 3. —Grand Junction. 34s 6d. 34s 6d, 355; Blackwater River, 4s 6d; Muddy Terrace, 24s 6d. Recorted Sales.—Old Hauraki, 3s lOd; D.I.C. (preference), 225; New Zealand Drusrs, 475. March 4—Old Hauraki, 3s Id, 3s sd: Grand Junction, 34s 6d, 34s 6d, 345, 33s 9d. Reported Sales. —Grand Junction, 35s 3d, 35s 6d ; Waihi, £9 17s 6d, £9 17s 3d.; Westport Coal. £6 2s; Mosgiel Woollen, £2 16s. March 6. —New Zealand Crown, ss, 5s 3d ; Old Hauraki, 4s. Reported sales: Old Hauraki, 3s lid, 4s 3d. March 7. —Waihi Grand Junction, £1 15s. Reported sales: New Zealand Drugs, £2 7s; New Sylvia, 4s 6d. AUCKLAND STOCK EXCHANGE. AUCKLAND, March 7. The following business was done at the afternoon call to-dav: —New Svlvia, 4s Bd, •4s 9d. 4s lOd. 4s lid; Victoria, Is 6d; Waiotahi, 4s 3d. 4s- 4d; Old Hauraki, 4s Id, 4s 2d, 4s Id,-. 4sV 3s llti, 4? ; ; Tairua Monarch, 4£d; Waihi, £9 17s;. Waihi Grand Junction, 355; Mountain King (odntrib.), 9d; Consolidated Goldfields, 20s 6d; Wilson's Cement (ord.), 46s 3d. WELLINGTON STOCK EXCHANGE. . WELLINGTON, March 7. The following were to-day's sales:—Tairua Monarch Consolidated N.C., 4£d.

The following sales were reported:—Old Hauraki, 3s lid; Talisman Consolidated, £2 9s 6d; Waihi, £9 15s od; Consolidated Goldfields, £l.

ROSS GOLDFIELDS COMPANY: CHRISTCHURCH, March 7. Dr Neeley, chairman of directors of the Ross Goldfields Company, received the following telegram from the mine manager to-day:—"Twenty feet below sixth level and within 15ft of seventh level; everything satisfactory." The seventh level, Dr Neeley states, is where the old workings stopped when the mine was flooded.

LONDON SHARE MARKET. LONDON, March 6. Waihi—Buyers £9 13s 9d, sellers £9 16s 3d. Junction—Buyers 34s 4d; sellers 35s 7d.