SHAREMARKET.

Auckland Star, Volume XXXIX, Issue 203, 25 August 1908, Page 2

SHAREMARKET.

MINE MANAGERS' REPORTS. Waiotalii.—The winze sank on the dropper below No. 0 level in down a depth of sUfi. The Hut formation qi- Mariner's reel is übout 3ft in width, but no gold has been seen. Stopinjr on tie dropper" above thlß level is also in hand.- Taking out the small block on Uie Cure reef is in progress, and as we are getting close up to the level good crushing dirt is oomlnjj to band. No. 5 level: The drive west on the Waiotabi No. 5 reef from the Mary Ann shaft is in a distance of" 105£t. and there la a little more quartz vow muking in the face. The stapes on the main reef above (.his level under the No. 4 rise are in ■ progress as usual. The third slope on the footwaJl dropper has t>Gon c&rrietl east from the rise for n tlistan*p of 54ft. and is prodacine fair erushins dirt. Cure reef—The second stope has been carried west of the rise for a distance of 80ft. and good dabs of sold have be«>ii seen in the quartz broken. No. 4 level. The drire east on the hangingTraLl rib of tbe main reef from the Mary Ann crosscnf Is in a distance of 27ft. and dnrins this I -week a few cood dnbs and colours of aob\ i have been Eepn. flnins wpst the qaartx is ! now about em jn wiflth. bn! b.is shown no

Sold. Tbe riae on the main reef from the nortb-east drive Is up a distance of 64ft. The banglnKwall portion of the reef is now more ;of a niullocky character, and has shown no sold during the week. Magnet.'— The reef \ has been broken flown for 10ft. It averages 141n, and the quertz is of a.- ftivourable 'description, carrying silica, and a good class of minerals. The mineral vein is out in sise, and a few colours of , gold were seen Curing the week. Mt. Zeeban.—The winze holed tnrongn oa Tuesday, tlje 10th inst. It will take the best part of next week to complete the preliminary work, and whrn ready the manager proposes to drive an intermediate level to intersect U»e No. 2 reef and to prove whether the payable ore goes down, also to what extent and depth. ,■ Karangahake.—During the past week the No. 1 level has been extended an additional 10ft, the Waverley reef being carried along all the way, and unless it alters its bearing, it will junction with the Woodstock reei: ahead. The reef has now improved in volume being fully 2ft in width, the quartz carrying better mineral ihan hitherto, the country being of a firm sandstone, with mineral veins interlaced through it. At the Kaukani low level we drove 13ft in a hard quai'tz formation, and then let a contract to extend this level 200 ft, which distance should bring us under the outcrop of the reef from which the rk-h assays were recently obtained. This level will intersect j the reef at a vertical depth of about 300Tt, and will also pass through three other reefs of large dimensions before that ore body is met with. I might also state that the contractors started operations on Thursday last i and have now driven through the hard formation, and are in an excellent channel of country, both for speedy progress and carrying gold-bearing reefs. SUrer Hill.—The North drive In lowlevel is now in 25ft. There is no change in the character of the reef. The reef in the stope jiias Dcen r>roKen down for another 14ft. No gold has been seen, although some of the stone looks really well. The drive across No.. 4 reef has been extended a further distance of Bft, and the hangingwall ■has been reached. The lode is Oft wide, and there arc about sft of quartz In throe? different branches the other portion country with veins of .juartz running through it. An assay from the west branch which is lft wide, gave a result of £12 5/01 per ton. This discovery is ]50ft from the Talisman Consolidated boundary and sontho^fe W de? P er hey *« hi = h «» d » Scandinavian.— Lowries reef i v the rise been brokftn down for a distance of 16ft below the floor of No. 8 level, and now that hangingwall is iv hand, proves to ™, 9 " JT T" and shows s tens of opening ont still wider going downwards The *£> h are J"* 11 deflncd . and carry nice bunches and seams of mineral striking into bt!4 «' acd the qnartz now bein R broken bears the appearance of a good grade th- n£L f 4 , been driven - and thongh In i~v ill S . n the western section low ' tt^e I crosscut of 105 ft. As soon as the reef' is \ broken down and the rails laid, a leading stope will be started. In the northern rfTosscnt, No. 2 level, very fair progress has ! been made. The country is of first-class i description for gold. Toka tea.—Wood's leader gives a few col-otH-3 of gold in tho dish, but nothin- in the stoce. The leadlnß stope has advanced -T>ft over where gold was got in the level, but so far the manager has not seen any gold. Halcyon.—4ft of the reef in the eastern end of the drive have been broken out. Although no gold has been seen in the the reef still continues to carry a fair prospect on the footwall. The new level is in G3ft. Bonanza.—Now that timbering has been completed, the face of the drive will be poshed nlicad with ail possible speed. Dominion.—Having done the preliminary | work, the manager purposes eoinmenciutj the low level crossent this week. New Waltekaiirl. —The the intermediate drive is looking very well, measuring 4ft from wall to wall. It gives a little ( gold by dish tests. The lode in the riae j above the Qneen level Is n bit pinched at present, but samples very well. The rise Iβ up 12ft above the top of the drive.

BUSINESS DOXE— May Queen 2/4 Golden Cross 6d Waiotahi 3/1 and 3/ Tairua Broken Kills 2/9 New Zealand Crown 3/10, 4/4, 3/11, 4/ Karangahake <*d Tallsmau Consolidated (ex dlv.)..41/, 40/6, 40/9, 41/ Waihi 186/ Silver Hills 3Jd Grand Junction 32/6, 32/9 Kauri Timber (cont-) 15/ Auckland Tramways (ord.) 22/3 New Waitekauri 3d Wilson's Cement (ord.) 38/ STANDARD STOCKS— Sellers. Buyers. Bank of New Zealand 185/0 .. 175/0 National Bant 104/0 •• 100/0 New Zealand Insurance.... — .. 74/0 South British Insurance .. 57/0 .. Standard Insurance — .. 23/0 N.Z. aud Kiver Plate 31/0 .. 30/3 Hiiurangi Coal — • • U/u Northern Coal (10/ p.u.) 13/9 .. — Tuupiri Coal 3i>/0 . . 1S/T' Westport Coal 13O/0 .. 124/ti Drury Coal (pref.) 23/0 .. — Drury Coal (cont.) 4/0 .. 3/0 Auckland Gas 310/0 .. 305/0 Auckland Gas (new) 20/0 .. 1S/0 Northern Steamship (p.u.).. 16/9 .. — Devonport Steam Ferry — .. 32/0 Kanri Timber (p.u) 35/0 .. 31/0 Kauri Timber (cont.) •.. 15/0 .. 14/10 Parker, Lamb 26/0 .. — Auckland Tramways (pref.) 23/6 .. — Auckland Tramways (ord.) 22/6 .. 22/0 DJJ.C. Limited 4/9 .. 4/4 Hill and Prominer 21/0 .. 19/6 New Zealand Cement (new) 12/9 .. 12/6 New Zealand Cement Si/0 .. 26/6 Northern Boot . .... — .. JO/O New Zealand Vaper Mills. . 24/O .. — ToiiBOn Garlick Co., Ltd... 19/0 .. — Wiseman and Sons (ord.).. 13/3 .. — Wilson Cement (ord.) 3S/0 .. — Union Oil 20/0 .. — MINING STOCKS— Sellers. Bujers. Kuranui 0/9 .. 0/7 Kuraimi-Caledoniari 0/11.. 0/91 May Queen ...~... 2/4 .. 2/3 New Monowal _ 0/9 .. 0/6 New Occidental O/e .. O/l J Saxon 0/10.. 0/9 Scandinavian .. — ..... 0/5 — 0/31 Victoria ......... . 0/9 .. 0/6J Wttiotahi 3/1 .. 3/0 Waitangi 4/3 .. 3A0 Consolidated Goldflelda „ 15/O ..14/0 Progress Mines 11/9 „ 11/0 Blackwater 24/9 ..24/0 Oolden Pah — 0/5 .. O/34 Hauraki Freehold 0'6 .. 0/3 Old Haoraki Mines . . 1/10 .. 1/T Old Kapanga 0/2J .. 0/11 Tangiaro (p-u.) 2/0 .. 1/7 Tangiard (cont.) 1/S .. 1/4 Conwtock 0/5 .. 0/3 Champion (p.u.) 5/O .. 6/0 Champion (cont.) 4/7 .. 4/0 Crown 4/2 .. 4/0 .Dominion 0/5 .. O/Tt j •Goldeu Belt (p.u.)" 1/10 .. 3/8 Golden Belt" (cont.) 0/7 *. 0/4 Golden Cross 0/64 .. 0/5J iKarangahake ...... O/9 .. 0/8 Komata Reefs 1/3 .. 1/2 New Waitekauri 0/4 .. 0/3 Phoenix (cont.) - 1/0 .. 0/0J Shotover 0/4J •• 0/3 Silver Hills O/4 .. 0/3J Tairua Conqueror (p.n.) 3/2 .. 0/U Tairua Conqueior (cont.) 0/10$.. 0/9* Tainia Broken HiilB 2/10.. 2/8 Tairua Triumph 1/2 .. . 0/9 Tairua Golden Hills C/0 .. 6/2 Tairua Extended 0/9 .. 0/7i Talisman Consolidated 41/6 .. 41/0 Waihi 186/0 ..1&5/G Walhi Beacli 0/34 • • 0/2 Waihi Consolidated 2/2 .. 1/10 Waihi Extended 3/8 .. 3/2 Waihi Grand Junction. 33/0 .. 32/9 Mountain King (cont.) 0/7 .. 0/6 Brilliant 0/3i .. 0/24