MINING NEWS.

Wanganui Herald, Volume XXX, Issue 8989, 22 October 1896, Page 4

MINING NEWS.

(Per United Press Aenociation.)

AnoKLiND, October 21 .

At a meeting of the Madge Goldmining Company, it wsb reported that Geo. S. Graham, wbo had offered the claim in London, bad received a cableptrarn that it oonld bo negotiated on the ternu offered. A resolution was pasted smpowonn« tbo directors to dispose ot tho company's propurty to the best advantage

At a meeting of the Pride of Tokatea Goldmimns; Company, 4? fhareholdeiß woroptfsant, who, togbther with proxief, ropreßuritad ovf r 70,000 shares. Besolutions wore carried voluntarily winding np the company under the provisions of the aiming Act. 1894, The shareholders receive 440,000 in cash and shares in tbe English compiny, the Haaraki, AssocUated, £20,000 of which hns already beon distributed in cash, and 38,000 ehari-a are now available for tesue.

John S. Phil ipa ani Co roeoived JS<!SO by cable from a large financial coipiration in Scotland to buy the first; refusal or option of the Standard licensed holdings at Coromaadel.

The following notice wa,3 posted on the Exchange to-day:— "A favoarablfl offnr has boon rejeivad for tha Golden Hill Company,* propuity ; negotiations vow going on."