THE GOLDFIELDS.

Auckland Star, Volume XXXVI, Issue 254, 24 October 1905, Page 2

THE GOLDFIELDS.

Sl____REMAß__-ET. Waiotahi shares', moved upwards, on the Exchange to-day owing to a few pounds of picked stone having been obtained from a stringer met with in the No. 6 1eve1.... At'..Tthe late call yesterday,' shares changed hands' at 69/ and 69/6, but by noon to-day 71/ was paid. Golden Belts sold at 3/4, and New May Queens up to 3/3. Waihi stocks were firmer, buyers of Grand Junction advancing to 68/, while Extendeds' sold up to 5/4, and Waihr shares at 132/6. Investment stocks were very firm, Bank of New Zealand shares changing hands ! at 140/, with buyers left' at 1/ under that figure. National Bank shares were inquired for at 111/, and South British Insurance buyers advanced to 109/; : A rise of 2/6 also, took place in the buying price for New Plymouth Cas. . A line of D.S.C. shares changed hands at 8/11.

WAIOTAHL

PICKED STONE AT Nd.' 6 LEVEL. The manager telegraphed this morning: "No. 5 level, selected 701bs. of picked stone. No. 6 level, 41bs. of picked stone from the small leader in the crosscut."

As this is some 40 to 50 feet west of where the rich ore worked in the level above should be met with, the prospects point to the run of gold going down to this level.

THAMES MINING NEWS.

(By Telegraph.—Own Correspondent.)

THAMES, this day.

The May Queen battery is now engaged crushing ore from the Saxon and Moanatairi. The latter is only a trial crushing of five tons. The Saxon has between 40 and 50 loads on.hand. A good supply of quartz is also being won. The repairs to the new 40-stainper battery purchased by the Waiotahi Co. are proceeding apace. The tables are now being attended to, and tbe automatic feeders are being placed in position.

I understand that the engines formerly owned by the Moanataiari Co. have been purchased for erection at Warkworth.

Reports from the Waiotahi and May Queen mines are decidedly satisfactory. The quartz at No. 6 level of the former is said to be showing gold, while the prospects of the May Queen have much improved.

NEW ECLIPSE,

A crushing-of 100 tons of ore from the New Eclipse Mine, Tararu, yielded bullion estimated to be worth £222, Strong colours and blotches of - gold have, the manager reports, been seen through the ore when breaking down in the north block above- the low level.

MINERALS, LTD.

The directors .of the Minerals, Ltd., have sold in Hokitika 3864 ordinary shares of 5/ each fully paid up, at par, and have paid off the* mortgage on the property of £1066 13/4. The only liability now against the company is about £400 called up from the special preferential shareholders, and which must be repaid to them before the company" can pay a dividend on the other shares. The company has at credit now about £ 549. The directors are.gratified at seeing such confidence shown in the prospects of the mine by a resident at Hokitika.