COMMERCIAL.

Dominion, Volume 2, Issue 600, 31 August 1909, Page 8

COMMERCIAL.

' '' INVESTMENT SHARES. ' A sale of DIO preference shares nt 21b. M. /"vas-nU -tho-business recorded yesterday, -lno r:■ j.;; i vflurket»■rwas quiet,' and thero,. wero . very .few 1 ■ quotations.' National DAnk, buyers £5.95.,; Wol '■ iinKtou Investment. Relicra lis. 9d.; Wellington '---rrust and Loan, seller-; £7 2s. 6d.-, Nov.' Zealand Sid Eivcr Plate, buyers £1 lis 6d , sellers £1 153 3d Fcildmg Ga , buyors £1 Os 9d , Palmjrston Nortli Qas, sellers £7 _ 15s ~, Wellington '•": : Wv' new ; i9sno, , buyers: £2 2a. 6d., sellers £2 IDs.,, Standard Insurance, buyors 23s 3d , Gear Meat, : W£4 'paldrsellor9;-''£lo '6s;;vNow'Zealand Shipping. sellers.-7s. ji'lud i;,-Shar- ' land's ordinary, sellers 21s , preference, sellors Ha 3d

WELLINGTON MARKET REPORTS Messrs Laery and Company, Ltd. Wolllngtnn repoit wholesale* prices ruling on the market - Wheat, fowl 4d 8d to 4s 10d, shrivelled wheat (3 , feed oats, 2a to 2s 5d \ Dun oata, 2a 3d K'-Wiio■ 23-v4d:; seediOftlß; 2s. - 4d... to .2«. ,t3rt.,. Alpcnan , jats^'2s.-:2d;^t<&2B; $3 '3d.: 'cru9j3ed:,Tnalt,. 75.; fowl barley, 2s.■ .6(1, to 2a Sd . Oape barley seed, os , horse beans, <9 fid (all at per bushel), ricemeal, £4 5s to £S Itonr New, Zealand, £11 10s to £12, btnn | e4ss-to£slos. pearl-barley,£l6:,peas,partridge., its 9d„ Prussian blue 5s id to 5s 1 6d, fowl pc h 1 '.j. I'onllt '•'£l7:l(ls l ;.'boncdiist.' £6;; superphosphates. 1 £5* to £1 5s : pollard, £5 5s to £5 10s ; I basic slac. £4 I.oa, chaff oaten ; sheaf,. JEi3,ss." t<? '£3 15a.;. oatmeal, ,£lO • 15s. to ■' - £11; potatoes, -tablo,-^.-to. £5; seod potatoes, onions, ->£10 lOs.-to £11; molasses fodder, £5; bacon ' (factory), sides; 73d„ Bd, rolls aid , butter Bulk, Ba. to 9d. Poultry Hons. 3s. Ducks, 4b to JsVj vturieys,;gobblers,- 15a. to 18s., nens :93-to 10s.. frpsh ecrKS. lid ; cheese, 6u to 6}d pet lb . loaf. 7d to 7}d per lb , Akaroa 1; ■!i-Siachine-dresscd-,1 cocksfoot 73d. to Bd., farmers„, grossed 5d to 6d per lb . ryegrass 3s 3d to uo 4a 6d per bushel, Italian ryegrass, 3i M :. : - -to'-4 s 6d- - per bnshel*, vrhito clo7cr, . 703. to 755. I tvrt, red clover, 65s cwt; cow grass, 65a cwt, • jilsike, 82s 6d -cwt , mustard. 40s cwt trelolt a*,'., i-i r-.^57 a - cwt;:- rape..seed,>26a.-.cwt.i i timothy, «a 1 id cwt, swede >and turnip -seed, 60s cwt amounted .to £5420'163."U0d..; . L . .. , : i * 1 THE FROZEN MEAT MARKET , :,j •: . (By: T e | eEr aph:—l'roaai''Association.— Oopyrlehl.I ; r \ London, Aupst 29 The Frozen Meat Trade Association s Smith* V!flpldi marMt quotations 1 for..the -undermentioned. '. - classes of frozen- meat are-basod on-.actual,sales of not less than ono hundred carcasses of mut ton or lamb, or twenty flvo quarters of beef of fair; averago .Quotations, aro not for Belected lines, but for parcels fairly represents , tive of the bulk of tho shipments now on the K3 : vSi : 'market?"."-The 'prices; on: ; •; r average • a .farthing perlb. ■ more, than: tho . value fr>^4%s^BKfo^.^;dlßMMce?repri^tlnr:.im;.aye!W| : ; '^^eVi^-s-in-vttpMlses,- 1 1 handling, - (.conveyance, ■>.: and Mutton— < 1 / d d Canterbury, light . 2J 2J .V :-VCariterbui'y;- 'EQedium: l '-.U« J .......i.. 'li9-lD -7: a- •. . Canterbury,heavy,vu..su.m....... .23-t- ~..-23. North Island, best 2916 2916 -V.'i' .-'/ North -Island, ordinary. "25-lb. M<• . ' Australian, light *3-16 2315 '£i i-f/Za:J; : : • ••". River Plate,'' light:2i- . M ' - V River . Plate,: heavy. - .2i.; /•'••; 23-16. '•■■■ Canterbury,' medium 2| '••-W'. ~ ; '. -Caiit(!rbury, J ' heav3r. 2a '23. ••• , ' Southland 3 3 t North Island, selected 3 3 ; S :^ft'North?lslandi /.ordinary: : ;.i.::..; : rf23 J .. Australian best 2} 21 .Australian, fairi . 9 i^::|>j^vAxistraHaitWiiiferiofi : ?5 V „ I River Plate 21 21 Beef— -"INeW^Zealand, 'jox>'fores^ Now Zealand, ox hinds . ■ Jlll6 31 M-S&: s: --■■ Australian,•?ox-;f6re5'i'i.;.:;..;...;^;23. 2jj. . iga Australian, *01 hmdß !.. 13 3j 1?« River Plate, oiJEores , . . 2016 23-16 c {/ River Plate, ox hinda 31 31 HIGII CABLE The ;}.Bep.iir tpi'ed t'ioi ..ffidiistries :;anaXC6mmerce - 1 has-'-reneived: the .following.' cable ,from.:.tne Hi«?h , Commissioner,Kdated Au&ust ' i- : pis ' The; mutton, market:,is'Very, quiet—Canterbury,• ;SB, 22d.'lb:*; .Nortt Island,• 25d.: lb.i LigHt weights are; ' \ gettirls very scarce - < The lamb .market is. weak 1 . ,■ There is an/inch--i' nation •to force sales, and low .prices are in«|e .'creasing the;output. ' 'Average 'price for Canter-1 SK •.bury:- lamb;i;3ld. ; -lb.i and avorago: price,-North : L Island, 2Jd 10 siv-.'.'The beof-market 13 :stcadyi .with -aj good-de-. : ; N.Z.''luoiis,. a're quoted at lb.,- and 'ilj fores at 2Jd lb. I * > r< t } ;;P . ; Tho butter-.'markot; is-quiet;..but firm. *:Dani9h'i a;&i i r l3;quotedla.t' f il7?v;per:Cwt.>..and :SibeHa'n .at*lG2s.-: pfe per cwt 1 •% ~ 'The iCheosa;markot. is:.quiot,:.mth -a tendepcy 1 in.favour'Of't)liyers.'.'iNew. Zealand is quoted'ttt; II mm ft* iW $IThe '.iomp,-"market' ia>flnn;Vbnt not advanced. • ».Mr : on . spot,'.per. stonr:£2s Zealand/vfairr Krade,-;dh 1 : perrttßn,J£24. n ls3;» ; s , Hanlla, i£is..-103..: -Edptember-' i/w,;vs • December .shipments r-Neiv -Zealandr ■ good'fair,-1 ? -, .per;ton ! .'£2s:'los;;,.;NewV Zealand, fair grade,; rer i';'■ '•.'V'toni'? £.24 : >los'.;': fair ycurrentsMahUar ;per- tonj^■ -'JE24 Manila ■. '4 '$'4 ■ The .cocksfoot '.seed innrket'i'ia;steady,/but the demand is only moderdte .Bright clean New Zealand is quoted at'C6i'. :. • hop arid prices Icoritinue:, v'.,,;;:::to- , advance';:-The\'EaEli9h :: crdp\i3-sman of;' Poor'.quality.v.'.Market. prospects :'are'-'fa.Vourable;; English'lsVquoted.'at, 90d.V/arid?Ainericani atycOs.; f.n >'v The -wheat '.market is'Weaker;"and'Hhcro fis' a'-i , ;'C 4 'i-' , i. : .'Ktehdenoy.,>dowiiwardfc"='on.: ; acdouiit: ;?!f)-! :1 ':;® r oPvliaving ; 'been. : 1 'Sliglitly-;damaged.?!'off4riiitr:'; ■j.".'/.Ke«r-vZealand long-berried wheat,' ion vapot, ex-i land }Shor^beMed.'.'tr]ieati%6h;spo^es:.Kiaiiaiy,"' : .i''Vii'!:^n'^ , o'v-" ' The,oat market; is .quiet, with, a - tendency: in.v ; '. favour, of buyers.- New Zealand :short- sparrowbill .'i:.:';iV''s.;'Oats, ; ei t :granary /.'on 'spot; of. 3841b.;: : ■ v .255. 6d.;-. New; Zealand-, oatfl. -Daniflh',"ex'granary, :j!iV:;;: t »?on^Bpot;Jper. , ,quarter3bf;32olb.i.2lß^ : ,^.!v.:;" ; -•:/.--'".''Beans.—Markot."flraiiV!-oynne.-- to; reduced.'sup;pliea. .. New Zealand'.bcaßff,*'f-;a'.q. .'(new 1 orop; ':per' ' 1 6041b), 36s 6d i i-,!.■■■■• firm, with• an■ improved demand. 1 ;'r»:x L 'K''New; Zealand'"peaa,:;:paftridge,i-per'/6C,41b.;'1465. ! .s Thoiwool -martet• romaina quiet.' ;•

TAEANAKI OIL J

; . .New Plymouth, August WK' • * Developments?at the ;l'aranakl, Petroleum.Com--5any'3,N0,.,3 bdrc continue -most encouraging. 1 ; inlllng.; was Resumed:-; shortly v, afterii'midnight;: : <and'vaboiit;3' o'clock: a gas -vein : wa;3'vstruck; and : oil' commenced:,.tb ; -;flowV;Avo : -or "isixi: barrels soon -Kiirr- i'--being ■ saved,-but. drilling; tools .were -still. •. In tho -well; .the -Sow;!.couldVnot; ;b'e.-', controiledjs and much - • ' MINING* NEWS. ' ( WELLINGTON MINING JiAHKET. } A:" gdod';;busiheßs'swas^ddhe r 'yeßtorday,:-and )the' ;■ week a T mih-i.: • ing- tranaactionß. -becaußo ot -the fact that; In ..."many of the mines the developments .are on the point;.of iyieldiiig /yesterday-- '• were -as -MayQueen,6s.-? -7d;, ; 6s;- -7d.; (first :call);i63. !,'Bd. 'W • (second vv ''Cw'; ; .. • : Mountain i" -. -''■;', '*-;'Otd ;Hauralvi,'-23:;.2d;-{third call}... VA-'-;:' J iV ; Eoyal;Oak; ;38v : 2d;';(third-call); tv- : ' ,-'S Saxon, 2s. 2d. -. .' ' . • Tairua Broken Hills, 3s. Bd. (first' .call); .-3si 8d. f (third call) -Talisman;' V£2 " 13s;, ; £2y.135.:'3d;: (first .call);- £2 -. 135., :.£2.135., £2-.'13b.--.(third icall). v-'. /.,1 v? -- i;"-;-:- J '::.;r'.'.'i'!ingiaro, ; 6d.,'6Jd;,- 6Jdi'(first" call); ; ,6Jd. -(second call) 1 Waihi Consolidated, 55.-4 d., 65.-sd. (first call); 69 Id (third call) Waihi Grand -Junction,, £2- 14s. .43d.c.£2 14s. 6d. (first call). - --Now Alpino (paid), 73.' (ge'cond call),-'. ' ,- ■ ■ Boss Goldflclds, 16s (first call). ' I QUOTATIONS. , Buyers Boilers. Sales d.:r : X'£-'6-Bendigo , 0 0 8 — — Duon Consolidated 1 0 0 8 — — ' Dominion ' 0 010 :-Komata j.Eeefa ' ......:'..'... -.(.-.0 o.' B ;- ; Kuranui > 1 0 1 4 — — Kuraniu Caledonian 0 111 0 2 1 — Kay Queen 1 0 6 6, 0 6,8 066 - , Maorilarid '0 1. 0. .0 1 .2 Ne-v Sylvia 0 3 8 0 310 —) Old Alburma (paid) ' 0 3 2 — — Old Alburnla (cont) .0 2 8 — — r i:. Old Hauraki j "(0 V 2,.3 ;. :0 2 2 ' Pride of Waihi 0 1 0 '0 1 2 P.olianco . — 0 0 6 — v.;vEoyal-' Oak . ■o■3. 2■ 0 3 6 ..0 .3, 2 ' Sason . 02 0' 0.2 2 .—• • ■ Tairua Ilroken Hills ... 0 3 8 : 0 3- 9 03 -8 ; . ' Talisman 213:0- -213 6 . 2 13 0 v;?/ . 'I'ansiaro -. 0:0; 7 - 0 0 -7J' :0 .0 6j Waihi ! .- 910 0 912 0 - , . .. Waihi - Consolidated :-..; .;0 -6 '4 -, 0'6.6 .'0 '-5-■ 4 ;.' Waihi Extended ~ 0 .'6 6 -0 ■ 6 8 .'. Waihi Grand Junction 2 13 '9 2 14 3 2 14 6 Waiotahi 0 8 2 0 8 3 -. ■ '...Waitangi .;... . 0 4 0 ... — - Watchman' ,• — • 0 2' 7 . — ; -. BlackwaUr - 17 6 1 8 -:6. i , 1 Con. Goldflclds — 13 3 — "■ -,r :. Now- Alpine (paid) — 0 7 3 0 7 0 ■;.-■ -v.- New Alpine-(cont.) : — ' :. 0 7 0 ■ • . • Boss uoldflelds .... — < 016 6 ;0 16 0 ' - ' CALL LIST. ' ' £ o. d. Halcyon 0 01...- due-Sept. 9. 'Waihi ;Beach ;0 0-,1-.„ due Sopt.-9i Dixon's Consolidated 0 0,-1...du0 Sept. 10' - STOck EXCHANGE. 1 (By Telegraph.~<pcclal Oorresoondent,l Auckland, August 30. r ~; ;-'V ;:-, :i ;The' share, market .was. fairly: brisk to-day. The; i . - following sales woro rcportcd in mining i-tocivß— May Queen, 69.. 7d., 6s. Bd., 6s. 7d. r -;- • .-Now Sylvia,. 35..9 d. : ■■: ■ ■.-. , r - , Old Alburnla,-3s. 2d. to 43. to 3s. ,7d. to 3s. 9d. ;--to 3s. sd. : to 3s.' 7d. (paid);: 3s, -4d. to. 3s. 7d. to •'. . .'. 3s. 3d. to' 3s. -sd.Nto 3s. to -3s. 2d. (cont.). -, - -;- Saxon, 2s Id., 2s. : \ Victoria, 2s. to. 25.-:ld.-to,la. r lid. , • _ ■ r-■■■ :?s < i Waiotahi; : Bs.,-2d.',to Bs.' 4d/ to .Bs. 3d. to Ba. 4d; to 75.. lid.. . . ' Watchman, 2s. 6d. ..■ ..- : ■ ■.; . . . ' ~ • ■iv Old: Jlauraki, 25.. to 2s. sd, to -2s. 3d...t0 2s. 4d. .• . -to 2fl. Id. to 2a. 3d. to 2s. 2d.-to 2s. 4d, to'2s. Id. K'-'-v-r;vto'■ 2s. v-',-' ■: Pride'of - Tokatea,'lid. : .. ~ - lioyal Oak, 3s. 4d., 3s. Sd, (paid); 2s.- lid. to 3s. -2d to 3s. Id. (cont.).

Crown, 6s. lid. : , - Maoriland, .Is. Pride of Waihi, Is. " Tairua Broken -Hills; 3s.- Bd., 3s. 7d.. 535.. 9d., ,-63si v 6d. : : * -'I .: Waihi. £9 135./ £9 12s. 6d. : ' ■ Waihi Consolidated, ;6s. 3d., 6s. 4d. • Waihi Intended, 65.. Bd. ;.- ■ • . I Grand' Junction,'ss9.':to 635.' 3d. - to 543,' 3d, to MS.: ! ' .■'■? Grand Junction Options, 30s. 9d. Handsworth, Is. • 6d. ; '. ; /' ■ Mountain King, Is. sd. (Is. paid); Is. 3d., Is. 2d. (cont.l. •"./• :1b; : 9d.; /■:!../■/: ■ :(Ily Telegraph—Press Association.) j -.-V - ' .Duncdin,! August 30. Stock -(Exchange' salesßise,, 1 and, .Shine, '-. 345. 3d. Sales reported :^Watlii. Grand Junction, 565.(forward/delivery. Bis,' weeks), 545.';6d. (spot); Eise-and'Shinel. 335.'3d. ' '. The following are tho Stock Exchange quotations '.■■ . ' ■ Dredging stocks:—Electric,' buyers 2s. 3d., Bel-' lors ''Am Enterprise.' sellers ; 45.; Hartley.' and Kiley, -sellers' 21b, : Island "Block,- buyers Is; 6d., - tellers 2s. 6d.; Molyneux-Hydraulic Co.'s dredge, 'buyers,-3s.i OtaEo. -Bellers' 205.;- Kise and .Shine, buyers 335. 9d.,; sellers 545. 3d,': Eising , Sun, buyors '345.'; Stanloy Paracale, sellers 205,. v.Mining • stockSr-Boyal Oak': (cont.), 1 :.buyers:-.U. 9d.;:- sellers : 3a.; Blackwatcr : Mines,, sellers 30s. 9d.; 'Kuranui -,Caledonian; Ltd., buyers' 25,,. sel*l6ra',2s.', 3d. j . May Queen, Ltd., buyers 6s. 6d., sel'lers' 6s. 8d; Talisman -Consolidated,. Ltd.,: buyers. 625: :"9d;i','Tairiia''. Broken Hills,' ".Ltd;,: buyers 3s. :6d.,'-sellers; 3s. fid.; -Waihi, Ltd,, sellers £9 12s. 6d.; 'Waihi Consolidated.' buyers 69; 1d.,; Ecllcrs :ss. ' 4d.; Waihi - Extended, buyers 65.. 4(1., sellers 6a.'-Bd.;-Waihi.'Grand.'Junction,: buyers 535.' 6d.y sellers':s4s.; Waiotahi, buyers 8s; '.3d:, sellers Bs. "Sd.^/ r ,:^;.:V.-;'-:'.i"V, • Investment stockß.—National,-Bank,...buyers. £5 lis. :,6d.;' Bank of' New Zealand, sellers. £9, _65.;. 'Coal Co.i'scllers: £6.10s;: Milburn' Lime and Cement (£1), sellers 275. ,6d.; Mosgiel Woollen Factory, buyers;, 545. Now /'Zealand Paper :Mi lis, buyers. 235. 1 3d.;. New Zealand Portland Comenti sollera 445. 6d. . V"- -

THAMES DEEP LEVELS •. ■ r Auckland, August 30. ' ■ Tho,'Government's -terms in,:connection : with tho/; sntisldSr of' = £5000 :rpromised'- .towards ;.-;theThames Deep-'Leyels scheme have .at last come' to baud. '.The: agreement. which the/five j companies. ■ conqerncd are, asked.' to /sign - provides •' that ~,tho. /tunnel shall/go'trom/vthe :bott6m i; of- tlie Queen >f.' Beauty.^ 1 shaft" to '.the .Caledonian shaft;. with subsidiary■ crosscuts to the May Queen, Saxon, and the .Victoria, Mines: that' tho works'.be-car-ried out under the direction of a board of management consisting of seven persons, of whom: -two •shall be nominated by the Minister (one of whom . shall be chairman), and fivo < other persons,.' one to be nominated by each company; that tho/companies shall immediately after the 'execution 1 of,, tho v 'decd /of .'agreement, jointly pay to',/.tho board tho - sum ; of;. £10,000 (£2OOO ' ■ each): / 'that''/^he:;,b6ai'd. ; . ; shair;exe'rate' . as ; miich'; of th'e 'works /possible: "out. of ; the £10,000, / and when:. that'sura is , expended the Minister shall: from ' time/ to: '.time -.as /required : pay/ .in-.instalments the- subsidy, of '.£SMO; - that the companies, shall/ jointly vnnd. severally be "liable to the board for • ./tho:: total .cost;, of ..maintenance of .' the. /works;, thatvthf ./maini.crosscut. be regarded .as of public, utility, and any person or company .shall have >full*,liberty, to . apply'ito. the warden,: who., may 'grant.'permission,-'to , work -the sWhts pU -.conditions/to 'be -ilxed by: him. : An' im-\ portant clauso: in,the following: In tho event of. gold bong obtained by . any. of the companies iri fis.yable, quantities'from the/ground 'adjacent,, .to the'./works,'/.; and within-v ,250ft;''.'v,of /'vertical, mcasureinent/above the 'same, such company or: comnamea '.shall '-refund' -to the Crown- a pro-' portion: pro rata of'the amount' of,'the -subsidy paid :/towards - the'; cost 'of /-/the works;/ but. no, jconipany;.-shall'Refund Vmore'. than -one-fifth • of the:/ amount of the paid by the • Crown. -.Tho final provides, that' the Min, ißter , for", Mines,/• or.' any .other', Minister. 1 acting for/him, : shall, not -incur : any '•pbroohal; liability "under the 'agreement.- At a,meeting of tlic Dcen Levels;. Committee/-this '-afternoon:,' this draft' agreement: was' fully:- discussed.;/ In •: the . end iit' was- decided'/to "notify the''Minister of i the; com-, panies .' willingness :.to: provide. -if neces-' ,Bary,-)but'.: to: request; the -deletion- of -the ./clause making ' it" .incumbent :■ on them - :/ to :,-,pay, -backimbrieys::' in > the event, of ■ -payable .'gold,''being' Struck; - . ;V": '' '

DREDGING ' '. - : .' ,• Rccfton, Anffnst 30. ."Itccfton .dredging'/returns:—Pactolus,- No. : 1. (124' hours),■.'3soz.; : Kdwt.;: : Pa(:tolus';: N0;..-2 ' (114 hours), 1 ,90z. :; , 12dwt.';-Worhsop'ijllfl/hours),2lozi v . t 7dnt, _ Reofton, August ,30.> j;The,'Keep-it-Dark;-Mino.;crushed;..993 ,'-tons 'ifor,' :a yield;bf,ls3oz. :7dv?t. ,froni. the battery,:.and; lODoz.-'jf r<jin .-'ejfaai de/v j '<• i'V -•- •: . In connection .with,tho'New Ulster Aline. it is reported that the' new find of stone shows 250 ft. of;backs. >:Btone ; fram.6in/to:lsin::wide has been: struck-.in-..the- stope above the level- *«. 1 : . j'.l'lte. -.Caledonian jitJnite'd."' is •■■am. '.driving i 162 ft. :to nth from the' crosscut'on'-ai r'eeftfack bo-, ttween-well'defined vwalls.'- Water'.is still coming l • ffom the face. ' '. ,' 3 f NOTES, ; .,. p ■.Tairua-Broken.llills.-The crosscut-in>the Tai-' .-.rna.-:.Brolten.:'EiU?;'Mine,-i.Tatrntt,; has' boeny/ex>tended .;to.j 107 ft.i\ v tli,eocountry --lately<• penetrated a":*good,-description,-.: th'oueti - a'- little; jfirnfer .'iuanal,'" Svhiolf • Ihdicitida'' ,ity: of.-avrepf.-,-The manager'has called for' tendorsifor- : of. 100 ft .; of - driving ' 'in: tliis crosscuts ;week"'agt>- tenders' ; weriß-ac* l .ceptcd.ior/BhoVelling ;500:.tong at:'6jd. : .per- truck * off- of ;'No. -1 -;o r Maoiilatfd.—Tho vdabs, and colours of - gold rc« ' 1 o! 'th'e' Maoriliind "Mino v ( w .disclosed iin ' a. ripe, being • put ;up;.from ;the;.cToßscDtr.eii3t,''on \what- is termed thejYoimr •NowvZealand;.reef;; ;about 17ift. :. in. manager says.:that;tho, east/crossbut :'ia\now in 287 ft.,' the. : COuntry:;passed -through • being highly/mineralised, v 'and'of : favourable', class. In the- Birthday section the-low - lovel; is■ now in. 197 ft,. the reef,in the faco being'3ft. in width /' Waihi Intended -No 2 drive in the. Waihi ;Extended^ine : ;3s;,no,w. : in ,246 ft .; The reef is 3ft., ; >vide . of - country rock' in it. '• No.''s winzq ,haa; been- sunk.'to 33ft., and-.tho reef is : showing~.the t width : of l , .the;:'winze-with.no. : change, •in the' stone.. .The,' south-east crosfcnt has beenadvanced- last' 6ft.being. in • Quartz of • low grade. A band of-i country.- was showing j.acrossv.tlio; face.; on. 'tho morning of . August , 24. •but it gave placo to.quartz again, which would indicate '-that;.the teef -is - 5 > :- —

jDixon ;Oonsolidatcd.-Operatlons'. in: the face of ;the - lowvlevel!,crosscut in .'the: -Dixon's Consolidated; Mine,^Thames,; have . been suspended for •tnetime • being, 'ind a start • •opcniii'* out,a;pojnt. about 3Mft. ; back from-;the' face -on 1 \sorae .promising:looking'qnartz encased' in eood ;country ; for gold.. No. 2 ; crpßscut' : ifi now in .255 ft, .Duringi.the -wool: • a reef .wad. intersected,'andit is, apparently a t of large . dimensions,' as it ■has'be'enpdrlvof into-.fdr Bft.; with, still no Bign". ,pr;-:the'ioptwall., -It; is bearing; r. j-rth-east. and" ■south-west, similar, to tho WindU... i-ecf.\ Tho ,quartz, ,although. of ..a : hard ;-. nature, has a Kindly-appearance,''and in -all. probability, says ithe; manager; it will bo : ofi-a'/friablo nature on tho footwall side. 5 - :, j-Mohto'. Christo.—ln -the Monte-Christo'" Mine .Coromandel, the'drivo on the cross leader an the low -level . has; been .extended 15ft'.- in -a' splendid class of sandstone. In prospecting tho' Swedish I Crown and -Queen of- the .North reefs; ; 9in.,and ■4m. wide, respectively,, strong colours': of: gold.' were - obtained.-.- The, manager, is; getting ready to • open up the Queen of the North drive. In order ito - get at tho Queen of tho North and LPactolus vreefßrj.cloßo'-ito whero good gold was i. got previously. .■■:■":. - , i ,' ; ;'llagnet.-^ln l -.th , e IMagriet ;Mm'c/;Thame3,'-. : it is intended to put in a new level' closer to tho .surface,;'So : as- to 'intersect the .'reef systems. This; can,boVilono'by driving;2loft'.;-and another 125 ft, : on the lode should see the' men over No; •1 rise,;.where i good assay ; results',were obtained.' The new level, while - enabling the! manager to test the reefs higher up the hill; I will; also, when.connected with No. 1. rise, provide'all ventilation"required,'.and will; enable' operations to' ■be earned on in tho low level. ■■ ■ ,' Hay Qucen.-Owing to tho having:' intimated ..that ' unless the whole of the May.' Queen' Co.'s , properties,' coverin'g'; 299. acres 2 . roods' 30 iperohes,.: are.worked, together'! the ■ • company's jrightst to. certain sections '.'might.', becancelled, •the .'.directors of the company havO'lately been discussing'* tho .situatiop, and,,havo now formulated a scheme whereby effect' can be- given to the warden's'>vishes and:the interests of shareholders conserved. The principal- difficulty which mot the directors, wag the waftt-of capital, They -propose: to get over .this - by dividing l thoi proporty into, three, and , forming Vtwh. new companies—ono to be. cillcd - the: Ifoanataiari and '.the other tho 'Ht. Hippo. '■; ;, ■:■ ' ■ :;■" ; '■■ ' The Moanataiari ' Company,,' according to' the directors' proposals, is to have : a";, capital' of £32,000, .'divided into 256,000 ' shares of 2s. ,'6d. each. per Bharo'is to be. payable' on application, and 3d. on allotment,- further calls not -to exceed ed, per/ share-' per'rmonth. The St.' Hippo. Company .is to have . a' capital of £12,800, divided into'f 256,C-00 of Is. .'Ono penny per sharo is to be payable on application, Id. on allotment, and- calls; are not to exceed Id. per share per-month; ' '''' v'-The'*Moanatd,iari"o6mpany, is to' pay tho May; ''Queen 'Company.;. £10,000 for.-the property to bo acquired > by, it, and the: St.. Hippo Company £2000,'tho'.fpaymc'nts, in' both; oases to be - spread over a period of 12; months.; Shareholders in the-May-QUeen"Company.'are ,'to hive the right ■of -applying for tho tnking-up' of one share in both the .new companies for oach :share; they :hold in the present.May Queen Company. ;. ;By' this; arrangcment;.the directors. v/luln fTiving shareholders,tho-first right to purchase the .wnoleVor- part of . the shares, .in the' n.vr companies, have also .made provision for augmenting the jcapital .'of ;tho,..present .company by .£l2,oCo,;.which'will do.' away" with the, necessity for making' any.inoro .calls, A meeting of the May ■ Qncen sharehelderß will- be:called- to -consider the.dircc-. tors' proposals. MINING SHARES. (By Telegrftph.—l'ross Asaoclatlon.—Ooprrtehl I -,:-■.. London, AngUßt 29. The -following are tho latest quotations:— ■ • , Buyers. Sellers. ■ :\''> £ S.d. £S.d.'. • y.i Waihi ■; ii 910 0; 9.12 6'. ,; Waihi.'.Grand. Junction,;... 212 6:f '2 15 0 ;;