MINING NEWS.

Dominion, Volume 3, Issue 902, 23 August 1910, Page 8

MINING NEWS.

WELLINGTON SHAREJU.RKET. There was another break in Ross Goldfields shares yesterday. Towards the end of last week mainly oh Auckland's support the-quotation steadily advanced from 4s. 4d. to ss. 9d;, but yesterday the prices steadily declined, and-the closing sale-was : 3s. 3d. The sales recorded yesterday were as under:— New Sylvia, 3s. lOd. (first call). Talisman, 565. 9d., 565. 9d,, 565. 9d. (second call). Waihi' Grand Junction, 375. 9d. (first call).. Waitangi, 2s. 2d. (third call). . ■ Ross Goldfields, 4s. 2d., 4s. 3d., ,4s. 3d., 4s. 3d.,-4s. 3d. (first call); 3s. lid., 3s..lid. .(second call); 3s. sd'., 3s. 5d., 3s. 4d», .'3s. 3d.' (third call). QUOTATIONS. / Buyers. Sellcri Sftlos. £a. d. £s. d. £t. d. Dominion — 0S 5 ~ ICuranui — 0.06 — Kuranui Oaledon'n — 0 19 — - May. Queen 0 3 11- 0 4 1 ■ -- •New Sylvia 03 10 040 03 10 Old.'Hauraki 0 4.8 0 4 9 - Saxon ' .0 16 0 18 — Tairua. Broken Hills 0 19 — . — Talisman ' — ?16-9 216 9 Waihi'. 8 0 0 8 3 0 — . Waihi Extended .. — 03 0 — WaUii 'G'd Junct'n 1.17 6 117 9' 117 9 Waitangi. 0 2 2 024 022 Watchman 0 2 3. 0. 2 6 — . Blackwater — 114 '3 •. — Con: Goldfields — 11 3 — Progress — . 5*3 4 A T , Ross Goldfields 033 03 4 ( 033 !' 1 STOCK EXCHANGE. (By Press Associati6n.) •: v • Auckland, August 22; Business done on 'Change this morning: Kuranui. 6jid. '. Sylvia, 4s. . Watchman, 2s. 6d. .. Ross/ 43. .to 3s. 4d. • . Old Hauraki, to 4s.'lld. ; Crown, 4s. 9d. ' Talisman,..s7s.. . ■. Waihi, £8 3s. . Waihi Reefs, ss. sd. ; Grand' Junction, 3Bs; fid. Ilandsworth, 6ld. • . Mountain King, 9Sd. • Northern Coal;- lis. 6d. i Northern Steam 1 Co., 7s.' 6d. Aucklaud Trams (pTef.), 245. . • Tlio following business was' done at the .afternoon call to-day:— . _Uos9 ■ GoldSelds, <3s. 9d.,. 3s.* ! New Sylvia, 4s. - • Old Alburnia, 7id.Old Hauraki, 4s. 9d. Crown. 4s. 9d. Crown .(options), 2s. 3d. Waihi," 1625. 6d., 161s. 6d. , - Waihi Grand Junctions, 38s. 3d. . Northern Coal, Is. 3d. Northern Steam (p.u.), 15s. 9d. Duncdin, August 22. Stock Exchange quotations:—Dredging stocks: Blackwater, sellers 55.; Golden Bed, sellers £1 Is.; Koputai, sellers £1 Is. 6d.; Maniiherikia, buyers lis. 3d., sellers 125.; Pactolus,: buyers 4s. 6d.; Sailor's Bend, buyers ss. 6d., sellers 7s. ; • Mining stocks:''Ross Goldfields, buyers 35., sellers-4s. 3d.;' Consolidated Goldfieldß, buyers £1 os. 6d.; May Queen, sellers 4s. 2d.; Old Hauraki, buyers 4s. 7id., sellers 55.; Talisman Consolidated, buyers £2,155„ bc11 : ors £2 17s.;'Waihi, sellers £8. 45.;. Waihi Grand Junction, buyers £1 17s. 6d., sellers £1 18s. 3d. , Investment stocks: National Insurance, buyers £1 lis.; Standard Insurance, buyers £r ss. 3d. ;:D.I;C. (pref.),-buyers.;£l 35. ; '•3d;; * Kaiapoi Woollen Company,'.buyers <£5; Milburn-Lime'and Cement (£1),- buyers' £l 17s. 6d.; New Zealand Drug Company (£2), sellers £2 125.; New Zealand Paper Mills, buyers £1 3s. 3d., sellers' £1 3s. 9d.; M'Leod's Soap, buyers £14 ss. . Stock. Exchange sales: Ross Goldfields, 4s. (four parcels).

•••'BOSS GOLDFIELDS. - :' AN AUCKLAND PROPOSAL.. (By Telegraph.—Press Association.) ... Auckland, August 22. • Mr. Grcenslade,- secretary'• of • the . local committee of shdxehdlders of the Ross Goldmining Company, telegraphed the chairman of directors as follows:—"Meeting shareholders here strongly protests against tho issue of preferential shares, and suggests reconstruction with capital or £(10,000 in 160,000 shares of ten shillings each, and tho issue of 140,000 to present shareholders paid up to 7s: 6d. This would provide £17.500 additional capital. If it is considered further capital is required, tho liability could be increased 3s. or 4s. We strongly urge .the adjournment of tho meeting and the reopening of books to enable recent -purchasers to get on the register, and vote at the adjourned meeting." The following reply has been received: —"Quite in accord your proposal. Will submit same to meeting Thursday for approval. If agreed to will bo carried out." ' Ross shares dropped to 3s.'3d. at this morning call, after which there were transactions' at 3s. 9d.