MINING.

Otago Witness, Issue 2934, 8 June 1910, Page 36

MINING.

y»— — 7~ ' WEEK'S MINING NEWS

June 1. The return from the Paterson's FreeJoid No. 1 dredge is 250 z lOdwt for 122 our®, and that from the No. 2 dredge 15oz Bdwt for 130 hours.

The manager of the Olrig dredge reports that the water has become pretty low lately. He had to reduce the nozzles •gain. The dredge lias turned down lUongsid© the tailings about a chain above the Sprimgvale dredge ■ was disjbantled. The master of the Nelson Creek dredge wires having resumed dredging at midnight on Monday. The Mystery Flat dredge lost several hours last week owing to the breakage of two minor parts;. The cut was nine chains' jwide, with an average depth of 22ft, of which 13ft was stripping. The wash was fimilar to that of the -previous week. Writing under date May 26, the master of the Masterton dredge reports that the the depth of the ground has somewhat altered. From the centre of the. west Tide it is similar to last week's, 'but from jhe centre to the east 6ide the deep ground j& divided into three gutters, and there is ,lrot quite so much drift. The wash to the west side is fair in places, but to £ha east is still looking poor, but seems to have improved a little during the week. The Nevis correspondent of the Cromwell Argus writes that since tbe heavy frosts a little over a week ago the weather jaas been exceptionally mild, consequently .work on the dredges and hydraulic claims could still be carried on. but as several Bf the men have left for the winter only frome of the claims are at work. The secretary of the Nokomai Hydraulio {Sluicing Company reports that there has been a wash-up at No. 1 elevator, giving a return of 560 z lOd'wt. Preparations have been made for a fresh! paddock, and sluicing was resumed on the 27th. The snow em the hill has entirely disappeared, and has quite gone from the Nevis Range gbove the dam. At the No. 2 elevator lb© paddock is opened to its full extent, being 22ft at the back, and bottom has Been struck. On Saturday the dam was Sown 4ft under the iby-wash level. The watershed is clear of snow. No work has been don© at No. 3. A new company, the Hauraki R-jefs {Limited), has taken up the Hauraki Fr©eoold at Cbromandel. This comprises the Welcome Find, the Hauraki North, and the Goloonda licensed holdings, and about 50 acres of the Wynyardjon freehold. It is proposed to unwater the Welcome Find shaft to the 110 ft level, .Whence a drive has been connected' with the Golconda shaft. This drive will be extended to intersect the Goloonda and Hauraki North Reefs, from which good results were obtained in the past. This level will give 100 ft of backs in virgin; f>tmtry. The Hanraki Reefs Company as also purchased a 15-stamp battery, erected on the Welcome Find area. June 2. The secretary of the Stanley Paracale Company received a cablegram from the dredgemaster, Manilla, on the Ist, notifying a return of 690 z for 7 days 12hrs ingThe Good Chance dredgemaster made enquiries from the master of the dredge jfcorking a few chains ahead of him, and learned on Saturday last that the drift was jrery heavy, so he has postponed starting Operations for at least a week Or ten pays till the drift settles. The Electric No. 2 dredge has already parted, operations having been resumed «b the 22nd ult. at midnight. The prospects at the beginning of the week we're poor, but showed ah improvement towards the end of the week. The formation of So bottom consists of quartz and pipeiy, and the wash is full of maoris. The master of the Electric No. 1 dredge K>orts that for the past week the dredge rked 137 hours and got 30ft ahead. The width of the cut was about 110 ft, and the Bepth "of the ground varied from 27ft to 40ft. Some large rocks on the CromP"l side of the cut obstructed the dredge, 1 were the cause of losing part of the torn on this side. The bottom cons of sand-reef and' pipe-olay. the sample gold being of a mixed nature. The Mver is fairly low, and the weather mild, wltfi high windsy wljich give promise of a imall rise in the rjver. Writing on the 28th ult., the master rthe Punt dredge reported that he had fair run last week, and got over a fair Jpnount of ground for a poor return. The prospects were still very poort. The only to report from the. previous week was that red wash came in on the top Add of the cut on Friday and extends halfway across the cut. The depth, of bottom fa Still keeping the same. There is a lair amount of big wash stones to conlend with on the bottom. The machinery ft running fairly well. At the conclusion of Mr Aliens meevbg at Lawrence, on Monday, mgnt, a de-

putation from the Mining Association waited upon him in reference to a geological survey of the district, and asked' fb&L to use his influence? to get the Minister of Minis® to send Dr Bell as soon as passible to make this survey. It was pointed out to Mr Allen that this district was rich in various minerals, and that, were a geological survey made, prospecting might be carried on with more hope of success. Mr Allen admitted the importance of the work and promised to do what he oould to further the interests of the district in the direction indicated. —Tuapeka Times. The absence of water has been keenly felt by the miners (writes our Naseby correspondent), who have had no steady work since November last, and when water has been available, there has frequently not been enough for all the mines, necessitating different parties using the water weekly in turn. The season has, consequently, proved one of the worst for the mining community for many years. June 3. The return from the Pactolus dredge' is 270 z 3dwt for the* week. During the past week the Waikaia worked 120 hours for a return of 50oz 3dwt. The return from the South Waikaia for the past week's working amounts to soz lOdwt.

The Masterton dredge obtained 28oz 2dwt for 134 hours work.

During the past week the Koputai dredge secured soz 9dwt of gold for 136 hours' work.

The following is the tributors’ reports, dated May 21, from the Mount Rex (Avoca) mine’:—“Crushed 137 tons of stone from open cut face which produced 21 bags of tin. Will have two nozzles operating on alluvial ground' next week.” The Rise and Shine No. 1 dredge worked the usqal cut last week, making 4ft ahead. The depth was from 42ft to 48ft, with about 3ft of material above water-level. Various clays and coal made up the bottom, which carried fair prospects. No. 2 dredge worked Bft ahead. The depth varied from 38ft to 44ft with clay bottom almost throughout the cut. There were improved prospects over the whole face. The master of the Waikaia dredge reports that he ha® had a very broken week owing to getting some very large logs in the face, also through having to put up new ijalf gunnel top tumbler bars. The dredge was turned up-stream on Tuesday morning to get out a piece of ground which would be difficult to reach on the top cut. He will probably turn down stream in about ten days. The was drifty the last two days, and is very changeable, but the dredgemaster considers that on the whole it is fairly payable. It is stated (says the Thames Star) that operations will soon be commenced in the Saxon mine. Tenders for enlarging the shaft have been called, and it is hoped that a good staff of men will soon be employed; This mine, which was once a consistent gold producer, has been idle for some considerable time, and it is hoped when mining operations are recommended, that the property will again come to the front as a gold producer. The Thames Star learns that there is a probability of the representative of an Anglo-French syndicate paying a visit to the goldfields of New Zealand at an early date. In a private letter received by a Thames resident one representative of the syndicate, who has been in Chili, Bolyia, etc., for some- years, and who has just concluded operations on a large “ concession,” states that Australia and New Zealand will be the next part of th© world visited, and if any promising properties are available they will be inspected, and if the inspection is satisfactory perhaps worked under option. June 6. Th© Electric No. 2 dredge washed up on Saturday, but the return is not yet to hand. The master of the Lady Roxburgh dredge advised on May 30 that he was taking a run out of the buckets on Saturday to see that everything was right, and was hauling out into the stream preparatory to making a a start on Sunday night, as the river was at a favourable level for dredging. June 7. The return from the Nelson Creek is 21oz for 101 hours’ dredging. No telegram was received by the Stock Exchange yesterday in regard to the height of the river at Alexandra. The Electric No 2 dredge worked 157 g hours for a return of 15oz lldwt. The return from the Blackwater River dredge for the past week is 20oz Sdwt for 130 hours’ working. Th© master of the No Town Creek dredge advises that owing to a sudden rise of 12ft in the bottom there was no wash up for the past week. The return of 15oz 4dwt of retorted gold from the Central Charlton dredge last week was the result for 125 i hours’ dredging on cuts No. 2 and 3. The buckets are in a very bad state, and a good _ deal of time is lost through bins breaking and links coming off, The new set will not be completed till the end of this week, and it will take the old eet all its time to hold together till then. _ • The following telegram was received by the Dunedin Stock Exchange on Monday: The Progress mine crushed 4285 tons, yielding bullon of the value of £5746; cyanided 2805 tons for a value of £IOBS. Sulphurets produced an estimated value of £752. The Wealth of Nations crushed 1780 tons, yielding bullion of ' the value of £2488 and 1650 tone were oyanided for a value of £652. Th© Black water min© crushed 3400 tons, yielding bullion of the value of £8572, and 2035 tons were cyanided of the value of £565. • The Rising Sun dredge was in active operation for 134 hours, and during that time it worked ahead 12ft on a out 140yds wide. There was no change to report in the ground or' bottom. The machinery was running well. WEST GOA ST WATER RIGHTS. AN IMPORTANT SCHEME. HOKITIKA, May 30. The question of an adequate supply of water te work the Rimu goldfields has at last been practically settled._ When the Prime Minister visited this district he was interviewed in regard to the amalgamation of three water rights of 40 heads each, which had previously been granted for the purpose. Owing to the long distance over which it is necessary to carry the water, it was found that, unless these right® were amalgamated so a® to bring the supply through one channel, the cost would have been too great to undertake the scheme. Sir Joseph Ward telegraphed to-d-ay, after conferring with the Minister

[ of Minos ' on the. matter, that it would ! be 'necessary to surrender the individual licenses and make fresh application to the warden for one right of 120 heads. Sir Joseph Ward, in the course of his tele gram, stated that, if this suggestion was acted upon, the Hon. R. M'Kcnzi© would consent to the fresh license being granted. The Prime Minister pointed out that there, was no power under the act for amalgamation, and there is no power to enable the Governor by Order in Council to bring in clause 93 of the mining regulations, as were the Government to do so it would 1 be illegal. When the license for the 120 heads has been granted by the warden, it it proposed to form a company with a capital of £250,000 to undertake the bring--ing in of the water and installing the necessary appliances to successfully work what has for many years been an almost abandoned auriferous field. The negotiations with London financiers in regard to the necessary capital are well advanced, and the promoters are assured that the prospects of raising the large amount required are particularly bright. WELLINGTON, May 30. Sir Joseph Ward has telegraphed as follows to Mr T. E. Y. Seddon, M.P. for Westland: —“Since my return I have, with the Minister of Mines, looked _ into the position of water rights for mining purposes. The proviso to section 105 limits the warden’s power to 40 heads of water for each license, and for over _ 40 heads the consent of the Minister requires to be given in writing. The course for the Rimu Syndicate to follow is to surrender the three individual licenses and make a fresh application to the warden for one license for 120 heads. If this course is followed the Minister of Mines will consent to the license for 120 heads. The Hon.. Mr M'Kenzie informs me ho has already intimated to the representatives of the syndicate the course they ought to pursue.” The Rimu Syndicate representatives telegraphed to the Prime Minister later in the day stating that they had agreed to give effect to the course suggested, as they regarded it as a very satisfactory settlement of the difficulty. Commenting upon this prompt result of his attempt to settle a long-standing question, Sir Joseph Ward remarked that the syndicate’s operations were said to involve an expenditure of £200,000, so that it was a great enterprise with a big field before it. LICENSED SHARFBROKFRS. OTAGO AND SOUTHLAND. (From Our Own Correspondent.) WELLINGTON,. Jim© 2. The following is a list of sharebrokers in Otago and Southland, licensed under the act of 1908 : Otago District—S. E. Brent (Dunedin), D. Crawford (Dunedin), W. Davies (Dunedin), A. G. Fenwick (Dunedin), H. S. Fenwick (Dunedin), James Goodger (Cromwell), T. S. Graham (Dunedin), J. A. Haggitt (Dunedin), A. Hamilton (Dunedin), A. E. Harraway (Dunedin), E. G. A. Hills (Oamaru), J. S. Hislop (Dunedin), W. H. Irvine (Dunedin), J. M. Jones (Oamaru), Tompson Lamb (Dunedin), J. N. Lawson (Dunedin), John Logan (Dunedin), R. A. Mathewson (Dunedin), T. M'Kerrow (Dunedin), A. A. M’Kinnon (Oamaru), Hugh Mitchell (Dunedin), E. S. Paterson (Dunedin), H. J. Reeves (Dunedin), H. W. Reid (Dunedin), A. M. Sidey (Dunedin), W. F. Sligo (Dunedin), E. E. Smith (Dunedin), E. A. Tapper (Dunedin), E. Trytball (Dunedin), W. Vivian (Dunedin), W. J. Watson (Dunedin), H. E. Wilson (Dunedin). Southland District.—J. T. Carswell (Invercargill), B. J. Faite (Gore), J. MacGregor (Invercargill), W. B. Scandrett (Gore) Fotes from Cromwell. N(From Our Own Correspondent.) CROMWELL, June 6. The weather is very mild, and the river rose slightly last nightThe Hartley and Riley dredge bottomed on one side on Saturday after opening out all the week. As the ground is very deep, with a lot of dirt to shift, it takes a long time to get bottom. The Cromwell Syndicate dredge is supposed to be on fair gold with prospects of some fair returns where it is now. _ The 909 dredge dropped down the river lost Thursday, as it got practically nothing after the big return. The master expected to start dredging on Sunday night. Strong exception is taken here to the action of the Electric Company in notifying the bank not to give out the returns for 18 hours, and as there are a large number of shareholders here with the shares practically unsaleable, it is hard to understand the reason. The Rise and Shine and. Rising Sun returns are available at once, and the Hartley and Riley an hour or two after being banked. Notes from Clyde. (From Our Own Correspondent* CLYDE, June 4. Some four or five miles of the Molyneux River in the Clyde-Oromwell Gorge have been pegged off recently in the interests of a syndicate, the intention being to operate in the crevices with a suction pump. Much of the preliminary work will consist of -an effort to recover the gold that is suppo-sed to rest upon the shelving rocky sides of the river below the level formerly worked hy the early diggers. The pump will have a flexible tube attachment, which will permit of its easy manipulation by a diver whenever hard incrustations of wash are met with. Many quiet basins and shallow reaches of crevice bed rock will be exploited by these latest innovations in goldmining, and parts of the river that were inaccessible to the modern bucket dredge will be carefully prospected. WAIHI NEWS. (From Our Own Correspondent.) WAIHI,'June 4. The installation of the pumping plant at the Waihi Reefs shaft (formerly Waihi Consolidated) has been completed, and in a trial run worked smoothly and satisfactorily. The unwatering of the shaft, which is now down about 545 ft, will probably be commenced some time next week. This work will only occupy a few days,' and as soon 'as the water is out, and any minor repairs that may be found necessary are effected, the sinking of the shaft will be resumed and pushed on vigorously. The intention is to go to a depth of from HQOft

r to 1000 ft from the surface, and then open out with cross-cuts from both sides of the shaft, and as th© operations will be some considerable distance east of the point at which the Waihi reef system has so far been explored, the development of the property will naturally be followed with considerable interest. According to the strike of the reef system (more particularly the Empire and Royal lodes), the company s ground is most favourably situated, and if the lodes live out east and carry it has every prospect of ultimatelv becoming a valuable property. Mr W. Morrison, for ma.ny yea.rs with, tho Waihi Oomp&ny, will be the” underground manager. June 6. The manager of the Maoriland mine (Waitekauri) in the course of his latest report states that the crosscut projected from the low-level drive to intersect thst young New Zealand reef has passed through tho quartz _ body intersected a few days ago. From its strike he is satisfied that this is a cross lode and that the main reef should come to hand in from 15 to <jo feet of driving. Tbs country in the present face is firmer and of a better class. Crushing is proceeding at the battery, and the ore’going through shows a good average value. WEST COAST VENTURES. CAPITAL”ABUNDANT. (From Our Own Correspondent.) GREYMOUTH, June 6. Mr Kenneth Ross, of Westport, who has juefc returned from a visit to Christchurch, where he has been on mining matters, assures me that there is unlimited capital available there for anything legitimate _in the way of mining speculation. “ Christchurch,” he says, “ appears -to be fully alive to the possibilities and potentialities of the Coast in the direction of mining, and there are many who are even anxious to participate in anything which promises a fair run for the capital invested.” At the same time the mining phrase “ wild cats ” was found to bo deeply impressed upon the minds of one and all. NEW REEF FOUND. (From Due Own Correspondent.) GREYMOUTH, June 2. A reef, specimens from which have been assayed, has been discovered in the northern portion of the Duller country. The assay gave a return of sdwt of gold and 7oz of silver to the ton. The reef, which has been traced for 300 yards, gives promise of living to a much greater distance. The find is an important- one for the district. EXPORT OF BULLION. WELLINGTON, June 1. 1 The returns for May show that 45,0420 z of gold were exported-, the total value being £179,856; as against 46,5250 z, valued at £185,271 in 1909, showing a decrease of 14830 z, valued at £5415. The silver exported during the month of May totalled 193,7900 z, valued at £19,409; as against 175,958-oz, valued at £17,492 in May, 1909, an increase of 17,8320 z, valued at £1917. For the five months of the financial year to date the gold export has increased 59000-z, and the silver export by 33350 z. THE NOKOMAI HYDRAULIC SLUICING COMPANY, The twelfth annual general meeting of shareholders in the Nokomai Hydraulic Sluicing Company (Limited), held at the company’s office : n Stafford street, Dunedin on the 2nd, was attended by 13 snareholders. Mr J Blair (chairman of directors) presided, and in moving the adoption of the report and balance sheet said that the summary of the manager’s reports supplied to them weekly through the papers kept them well informed, and left less to notice now. Doubtless they were a,ll aware that the company had suffered very much owing to the shortage of the water supply, but in this they were not singular. Every sluicing company in the province had the same tale to tell, and one company which had been in existence for seme 30 years had had to shut down for the first time since commencing operations. _ Frost had made it stop repeatedy, but never a shortage of water. Taking all things into consideration, a large dividend could not be expected, but it would take a larger dividend than 7g per cent, (the amount paid for the last year) to give satisfaction. It might help them more readily to appreciate the difficulties of the case when he told them that during the year 1908 : 9 Nj. 1 elevator had the use of the water from the Lion race for a month, and was thus enabled to make oomparitively good time, but during the year ending 31st March, owing to scarcity and the intermittent nature of the watersupply, the idle time was from three to four months. The last paddock took seven weeks to complete; indeed, at times it required the water from both the No. 1 race and the Lion race combined to work - one elevator, working sometimes alternately. No. 2 elevator got any spare water that could be turned into the dam from the Lion race, but with all that some six weeks were. lost while the dam was filling. No. 3 lost some time (about one month) in the preceding year while the water was being diverted to No. .1 elevator, j but this year six weeks were lost in addition, or, say, 10 weeks, as against four : lost in 1908-1909. In addition to these i stoppages. No. .2 lost fully two months while shifting the plant down the flat. This will not require to be done again, however, within five years. 4s there was j a considerable area of worked ground ■ towards the top of the claim and at No. 1, 1 the claims have been re-surveyed and 49 I acres abandoned, the rent of which will be saved. The effect of shifting the No. 2 plant was to bring the elevators at Nos. i 1 and 2 very much nearer, and the direci tors decided to put both under one 1 manager. This was done, and both are i now under Mr Robinson. Th© arrangenrent is working well, and is more economical. As there was no work going on at No 3 elevator, Mr Garrett, manager of No. 3, has taken charge of No. 2 claim. Mr A. G. Fenwick seconded the motion for the adoption of the report and balance ■ sheet, which was carried unanimously. ! On the motion of Mr D. Wilson, : seconded by Mr J. Craig, the retiring directors (Messrs A. Black and J. Peterson) were re-elected. On the motion of Mr J. Craig, seconded by Mr D, Wilson, the retiring auditor (Mr R. T. Wheeler) was re-clected at the same remuneration. On the motion of Mr D. Crawford, seconded by Mr E. Roberts, the remuneration of directors was fixed as before.

' A vote of thanks was passed to th« managers and employees, also the direc. tors and the secretary.

NOKOMAI HYDRAULIC SLUICING COMPANY. The following is the directors’ report t<* D 9 submitted to the twelfth annual meeting* of the Nokomai Hydraulic Sluicino- Company “ The directors regret that they have again to express disappointment at the result of the year’s operations. For a series of years the burden of their reports has been a scarcity of water, with a consequent smaller yield of gold, and the hope- was expressed that the cycle of dry seasons had! passed. This hope has not been realised, however. On the contrary, the past season; I has been the driest in the history of the company. The gold yield from No. 1 elevaj tor for the past year was 1019 oz 18dwt 12gr; from No. 2,788 oz lOdwt 21grs; and from 6 No. 3, 588ozl2dwt;—the total value being £BBB6 16s 7d, as against £10,732 5s 7d for the previous financial year. The area of unworked ground is fully 90 acres. The direef ors believe that, given favourable weather and plenty of water, there are still good times ahead for the company. Two •directors retire by rotation, Messrs A. Black and J. Peterson, as also the auditor, Mr R. T. Wheeler, who are all eligible for re-election.” i The balance sheet shows that the oora- ' pany has £2154 standing to its credit in the Post Office Savings Bank and £7l in th© Bank of New Zealand. The gold in transit is valued at £833. The gold won was valued at £6388, the working expenses amounted to £7030, and the amount paid in ; dividends was £IBOO.

DUNEDIN STOCK EXCHANGE. A good deal of business was transacted on 'Change on Saturday. Island Blocks sold at 3s 3d (two parcels) and 3s 6d (two parcels), and closed with a buyer at 3s 3d and no selling quotation. There was also a sale of Muddy Terraces at £1 ss, the market closing- with a buyer offering £1 5s for 100. The selling price was also £1 ss, but only 25 shares were offering. Waihia were quoted at —buyers £8 3s 6d, sellers £8 7s, which was a slight advance on the closing quotations of Thursday. Waihi Grand) Junctions were about even, and there was a sale reported at £1 lis 9d. There was also a reported sale of Talisman Consolidateds at £2 12s 6d. The market closed with, a buyer at £2 12s 3d, a slight easement on Thursday's buying quotations, but there was no selling offer. Donaghy's Ropes were easy. Sellers asked £1 4s 6d, but there were no buyers. There was a reported sale at £1 4s. Other investment stocks were fairly quiet. The market in Old Hauraki on Monday was active, and four sales took place—three at 4s 6&d, and c-no at 4s 7d. The market was firm, «id prices closed at buyers 4s 7d, sellers 4s 7d. On Saturday they closed at buyers 4s 4d, sellers 4s 6d. On the day's operations Waihis . were firm There was a. reported sale yesterday at £S ss, and the market closed with buyers at £S 4s 6d. and sellers at £8 6s 6d Talisman Consolidated were even and Waihi Grand Junctions were slightly firmer. In May Queens buyers were offering 3d more than on Pa£urd ty, but sellers were .iskir.g- the same. Ross Goldfields wore firm. Investment stocks were quiet. New %e&J»nd Papers were quoted at buyers £l & 6d, sellers £1 3s. National Insurances stood .-it buyers £1 8s Pd. sellers £1 Ps 3d- Taken oil round there was praoMonHy nothing doing in investment stocks, no sales hiking place on 'Cluing'< and none being reported. Sales.—Old Hauraki -Is 6Jd. 4s 6R 4s 7d. 4s 6id. The following- are Monday's latest quotations, subject to the usual brokerage:— Dukdoino Stocks. Blnckwnter —Sellers 4s 6d. Golden Bed—Buyers £l 0s 6d, sellers £1 Is 3d. Island Rock —Buyers 3s. sellers 4s. Manuherika —Buyers 12s 6d, sellers 17s 6d«. Otago— Sellers 16s. P.-'ctolus—Buyers 2s 6d, sellers 5s 6d. Rise and Shine—Buyers £1 19s 3d. Sailor's BendI—Sellers 1 —Sellers 10s. Stanley Paracaie—Buyers ss, sellers 12a. Mining Stocks. Muddy Ten-ace—Sellers £1 6s. Blackwater Mines —Buyers £1 lis. Ross Goldfields —Buyers 16s, sellers 17s. Consolidated Goldfields—Buyers 193 6d. May Que.hi —Buvers Is, sellers 4s 3d. Old Hauraki—Buyers 4s 6d, sellers 4s 7d. Talisman Consolidated—Buyers £2 12s 3d, sellers £2 13s. Waihi—Buyers £8 4s 6d, sellers £8 6s 6d. Waihi Extended—Buyers 2s 6d. Waihi Grand Juncbon —Buyers £1 12s 3d. : Mav 31.—Golden Bed, £1 Os 6d f forward

delivery; Waihi Grand Junction, £1 lis 6d Sale Reported. —May Queen, 4s 4^l.

June 1. —Union Steams £1 13s 6d,—forward delivery, Waihi Grand Junction £1 lis 9d, Waihi £8 5s 6d, £8 6s. Sales reported (morning).—Waihi Grand Junction £1 lis 3d; afternoon—May Queen 4s 4d. June 2.—Stanley Paracale 10s, Talisman Consolidated £2 12s 9d, Waihi Grand Junction £1 lis 6d, forward delivery £1 12s. June 4.—lsland Block, 3s 6d, 3a 6d, 3s 3d, 3s 3d; Muddy Terrace, £1 ss. Sales Reported.—Waihi Grand Junction, £l lis 9d, Talisman Consolidated, £2 12s 6d: Donaghy's Rope, £1 4s. June 6—Old Hauraki 4s 6£d, 4s 6R 4s afternoon—New Sylvia 3s 6£d. AUCKLAND STOCK EXCHANGE. _ AUCKLAND, June 6. The following business was done at the afternoon call: —Kuranui Caledonian, Is 8d: Waiotahi, 4s 4d; Watchman, Is 10d; Mount Zeehan (p.u.), Bjd, 9d; Old Hauraki, 4s 6d, 4s 7d; Tairua Golden Hills 3s 2d; Waihi, £8 7s 6d, £8 7s; Handsworth, lOid; Mountain King, Is Id; Taranaki Petroleum (paid up). 13s; Kauri limber (contrib.), 16s 6d; Wilson's Cement (ordinary), £2 Is. WELLINGTON STOCK EXCHANGE. WELLINGTON, June 6. • The following sales were effected to-day: Waihi £8 ss; Roes Goldfields, 16s &d,l6s 6d, 16s 6d, 16s 6d, 16s 3d, 16s 6d 3) r Old Hauraki, 4s 6d; May Queen, 4s 2d; Waitangi, 2s 6d, 2s 6d. The following sales were reported : Talisman, £2 12s 6d; New Sylvia 3sßd; Old Hauraki, 4s 6cV; Ross Goldfields, 16s 6d. ' LONDON STOCK EXCHANGE. LONDON, June 5. Waihi: Buyers, £8 lis 3d; sellers, £8 13s 9d Waihi Grand Junction: Buyers £1 8s 9d, sellers, £1 lis 3d.

i DREDGING RETURNS. Manuherikia, Alexandra, Oz. dwt. gr. 150hrs Rise and Shine No. 2, Clutha 223 0 0 River, 135hrB Golden Bed, Miller’s Flat, 61 1 0 130hrs ... .... ... 60 6 0 Waikaia, Waikaia, 120hrs Rise and Shone No. 1, Clutha 50 3 0 River, 135hrs Rising Sun, Clutha River, 44 0 0 134hx*3 Waikaka United No. 2, Wai40 3 0 kaka, 127hrs 34 12 0 Masterton, Waikaia, 134hrs ... 28 2 0 Sandy Point, Alexandra, 93hrs 27 9 0 Chicago, Alexandra, 5 days ... 26 12 0 Otago No. 2, Island Block, wk Muddy Creek, Waikaia, 24 0 0 132hrs Golden Treasure, Miller’s Flat 23 6 0 • 136hrs Electric No. 1. Cromwell 22 10 0 135hrs Waikaka United'No. 1, Wai20 5 0 kaka, 133hrs ... ■ Central Charlton, near Gor© 19 16 0 125|hrs 15 4 0 Punt, Clutha River, 126hrs 13 19 o Mystery Flat, Waikaia, 132hrs Riley’s Revival, Cromwell, wk 11 16 0 10 0 0 Olrig, Manuherikia, week ... South Waikaia, Waikaia, 8 4 0 week 5 10 0 Koputai, Waikaia. 136hrs ... 5 9 0 Total ... The West Coast. 775 7 0 New Trafalgar, 128hrs ... 27 18 0 Pactolus, week ... 27 3 0 Total ... 55 1 0