SHAREMARKET.

Auckland Star, Volume XXXIX, Issue 68, 19 March 1908, Page 2

SHAREMARKET.

BUSINESS DONE — N.Z. lusurance 76/ S. \ffj* Northern Coal Jw» New Zealand Paper Mills 23/b Wilson's Cement (ord.) 44/0 Thames G.M. Co W Ngatlawa *£* Champion (p.u.) •••»/ Champion (eont.) •„■''£, New Zealand Crown 7/1, 7/2 Karangabake V} Silver Hills • ■•50 Talisman Consolidated 32/6, 52/3 Waihi BXV Waihi Extended 3/8, 3/7

MINE MANAGER'S REPORT. Magnet.—The main reef averages l."»in. and the quartz has a kindly appearance, • carryiug excellent mineral indications. In the "rise the reef averages 3ft, and strata- ' mata aud Iron pyrites are seen freely dls- j tributed through the stone. The stringer formation has been prospected, and a few colours o£ gold were seen. Golden Cross.—Satisfactory progress has been made with the western crosscut, south section, and the lode should be met with in another 30ft. The chaunel of country is of the right class. Reliance. —Tho crosscut has passed I through Fox's reef, which is luiu thick, and gold bearing. Tairua Broken Hills.—ln the main low level j;oocl country is beiug penetrated, lit the drive north there is no improvement in No. 1 reef. Stoning is being carried on as usual, aud produces ore of fair grade. Mount Zeehan. —Mr Mountain, surveyor, came down on Tuesday, and changed the course of the low level, so as to cut the reef where the good values were got at the junction of the No. 2 aud Birthday reefs. The distance from plug in drive to point laid down at surface is 140 ft. This drive is now in a distance of Oft beyond the plug. The country continues of a very hard nature, making progress slow. (iolden Belt. —In No. 1 level south the reef formation is still small and poor. Work iv the face will be stopped for a while to allow the putting up of rises at intervals along the level to test the reef ou its upward course. The drive north is passing ■ through old workings, but another few feet should' reach solid country again. On the new reel' in the south-west portion, an old drive has been previously opened up, which is in 6Uft. This In places is 10ft wide, anil no walls showing. Samples have been taken, which give very good dish prospects: but so far the assays have not given such good results. The manager hopes to start crushing almost immediately. Kuranui-Caledonian.—The north crosscut at No. 1 level is in 009 ft. The body of ore 7ft wide mentioned in my last is a north and south lode where it crosses the drive, so the manager thinks it advisable to stop the crosscut for the present and drive uorth on this ore body. If it keeps ..- present course it will act as a crosscut, and prove the lode at the same time. In the present face of the crosscut a mineralised stringer. 2in or 31n thick, has been cut. which should junction with the 7ft reef about 10ft north of the present starting point. The drive on Kelly's reef at No. 1 level is in 196 ft east of the crosscut. At this point we holed through to the work- I ings on Kelly's reef, which gives splendid j ventilation. Some of the ore in the main portion of this reef looks very promising. I and will be tested, as a large block of it Is standing intact over this level, which, if payable, could be worked to advantage from this drive. Rising Sun.—The ur.ve north in the main < level tea !>e«n extended a furiher distance i

of 6ft, and a crosscut has been started into the western side. The oil engine has been working satisfactorily, but we have had to stop in order to Jay pipes through to the surface to carry off the fumes. The ore is being carted to the battery, and we should be ready to start crashing in a few days. THAMES DRAINAGE BOARD. The Thames Drainage Board met this afternoon. Hon. E. Mitchelson occupied the chair, and there were also present Messrs S. Hesketh, G. S. KissUng, A. Burns, W. Gorrie, and H. T. Gorrie. The engineer in charge of the Thames Hauraki pump in his report stated that It had been necessary to connect another boiler, making five now in use. During the past week a little more water had been struck in the shaft. The coal consumption for the month, reported the manager of the pumping works, was 4i>2 tons, and expenses for the month were £9OS 2/1. The Thames Borough Council forwarded an intimatiou that that body's contribution to the Board's funds would be the same as last year. In the hearing of appeals against assessments before the warden, the chairman was deputed to represent the Board. PAEROA WARDEN'S COURT. (By Telegraph,—Own Correspondent.) PAEROA, this day. In the Warden's Court this morning, the following applications were granted:—John Featon, Saxon No. 1 special quartz claim of t>9 acres -J, roods, at Karangahake; John i< eaton, Saxon No. 2 special quartz claim of An. acres 1 roocl - 1 P° les - at Karangahake; Albert Lloyd, residence site at Mackaytown; VMlliam 11. Hagan. residence site at Komata: New Zealand Jubilee Gold Mining lo " reduction to two men for two months on the Jubilee and Jubilee Extended claimsCecil Goodfellow Farrelly, timber warrants -0 acres for six mouths, section 30, block 34, Ohinemuri; M. B. Montgomery, protection for water race, six months, at Karanffahake: Wjiihi-Pueroa gold extraction Co., Ltd., protection for six mouths on Ohineniuri No. 9 special river claim: Robert btackpole. Golden Gate special qnartz claJin. 87 acres ]H poles, at Karangahake; L. <_. Anderson, Crown Keefs special quartz claim, 100 acres, at Karangahake

STANDARD STOCKS— Sellers. Buyers. Bank of New Zealand 190/0 .. — Na tioual Bank 108/0 .. 107/0 .New Zealand Insurance.... 77/6 .. 76/6 National Insurance 'J3/Q. .. —- South British lueurauce.... 59/0 .. 58/3 N.Z. and Itiver Plate 3'J/0 .. 32/0 l-likurangi Coal 15/0 .. 14/0 Northern Coal (10/ p.u.) —■ -. 16/0 Taupiri Coal 20/6 .. 20/3 Westport Coal 144/0 .. 141/0 Drurv Coal 4/6 .. 4/0 Auckland C-as 296/0 .. 293/0 Birkenhead Oas 259 .. 25/0 New Plymouth Gas 170/0 .. 160/0 Union Steamship 35/6 .. 34/9 New Zeuland Shipping - 13o/0 — Northern Steamship tp.u.).. 17/0 Northern Steamship (cont) S/0 .. 7/7 Devonport Steam Kerry.... — .. 31/d Kauri Timber (p.u.) 25/6 •• — Kauri Timber (c-oul.) 10/3 „ 10/1 L.-O'B. Timber 45/0 .. 44/0 Kimu Timber — .- 23/0 Auckland Tramways (pref.) 2of'0 .. — Auckland Tramways (ord.) 24/8 „ 24/0 D.S.C., Limited 5/0 .. 4/9 Grey and Meuzies (ord.) .. 9/0 .. — Hill and Plummer 21/0 .-. — Theatre and Arcade Co. (pref) 20/0 .. 19/6 New Zealand Cement 32/0 .. — New Zealand Paper Mills.. 23/0 .. 23/0 Tonsou Garlick Co.. Ltd... 10/6 .. - Union Oil — .. 21/0 Wiseman and Sons (pref.).. 20.0 .. 18/0 Wiseman and Sons (ord. I .. 13/0 .. 12/6 Wilson Cement (ord.) 46/0 .. 44/0 Auckland Gas Debentures. .1070/0 .. — MINING STOCKS— Sellers. Buyers. Halcyon 0'6 .. 0/4 Kuranui 1/0 .. 0/71 Kurauul-Caledoulan 0/10 .. os May Queen 1A1 .. 1/7 May Queen Extended - 0/8 .. *>-•"' New Dart 0'6 .. 0/3 New Moanataiari 0 6 .. 0/1 New Una 0/3 .. "/2 Saxon 0/9 .. 0/5 New Sylvia 1/3 .. 1.1 Thames 0/9 .. US Victoria „ VI .. 0/10 Waiotahi, ex div 2i0 .. 2'7 Waitangi 2,9 .. J/ti Watchman US .. 0 5 Mt. Zeehan (cont.) — .. 0,~< Old Hauraki Mines 2/1 .. 2/0 Old Kapanga 0/4 .. 0 2 South Kapanga u-li .. 0/1 Tokatea 0/*j .. 0/2* Comstock (cont.; u-S .. 0/04 Champlou (p.u.» 5/2 .. 5/0 Champion (cont.i 4/0 .. 3/8 Crown 7/3 .. 7/2 Golden Belt I'll .. 3/!> -Golden Cross 0/5J .. o'4* Kirikiri (cout.) 0/3* .. 0/1 Karuugahuke l.'-j •• 11 Komata Beet's 1/4 .. 1/1 New Waitekanri 0/7 .. 0/4 Heady Bullion 0,6 .. 0/41 Kising Sun »■" ■- 0/0 Siivcr Hills 0.1 .. 0,4i Tairua Broken Hills 3/4 .. 3/0 Talisman Consolidated 52/0 .. 52/3 Waihi 191/0 ..1S9/0 Waihi Beach 0/7 .. 0/5 Waihi Extended 3/7 3/5 Waihi Grand Juuctlon 21/0 .. 20/0 Sunbeam 0/4J .. 0/2i Ngatiawa 1/2 .. 1/1 Tairua Golden Hills (p.u.) .. 1'8 •• 1A1 Tairua Golden Hills icont.) .. 1/6 .. 1/3