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SHAREMARKET.

BUSINESS DONE— Champion (cont.) 10d \ Champion (com.) 1/ ; Wnlul ISI/ • Graud Juuctiou i! 0/ ' New -Sylvia 1/4 Old llnurakl lUd : Tulrua lieefs 4Jd Talisman Consolidated 40/3, 46/6 STANDARD STOCKS— Sellers. Buyers. • Bank of New Zealand — .. IGS/6 National Bank IOG/0 ...104/6 New Zealand Insurance.... 76/0 .. 74/0 National Insurance — .. 28/'J ' South British Insurance 51/8 .. 49/0 ■Standnrd Insurance. 2:2/0 .. — Hikurangi Coal — .. 17/0 Northern Coal (.10/ p.u.)... 13/0 .. — Tauplrl Coal IS/B .. 18/0 Auckland Gas 311/0 ..270/0 Auckland (Jas (new) - Jl/0 .. — Northern Steamship (p.u.) 14/0 .. 13/0 Northern Steamship (coat.) 0/8 .. 6/0 Devonport Steam Ferry.. 31/0 .. — Kauri Timber ip.u.j 33/0 .. 32/0 Kauri Timber (cout.) 14/10 .. 14/8 Parker, Lamb 2U/0 .. — Mosgli-I Woollen 33/0 .. — Auckland Tramways (pre,f.) 21/9 .. 21/0 Auckland Tramways lord.) 21/3 .. 21/y Hill and l'luuimer 20/« .. -- New Zealand Cement (new) 29/6 .. 29/0 New Zealand Cement 36/0 .. 35/ti Northern ltoot 11/0 .. — New Zealand Paper Mills., .. — Tonson Garlick Co., Ltd... 18/0 .. — MIXING STOCKS— Sellers. Buyers. Kuranni 0/4 .. 0/1 Kuranul-Caledonlan (1/9 .. <>/(> May Queen 1/9 . 1/6 New Sylvia 1/8 .. 1/3 Saxon 1/S . . 1/7 Victoria O'S)J .. OS Wtiiottilil 2/3 .. -'/0 WaitßUKl 3/2 .. 2/10 Blnckwatei- 24/1) . . 21 /0 Consolidated Goldflelds .... 14/0 .. 12-0 Progress Mines !)/lt .. 7/0 Uauraki Freehold 0/3 .. 02} Old llauraki Mines 1/0 .. O/'IUS Royal Oak (p.u.) 2/O .. — Royal Oak (cont.) 1/4 .. 1/0 Laalgan's Antimony — .. 0/0 Champion (p.u.) 1/1 .. o/ll Champion (cont.) 0/11 .. (1,9 Crown 4, .I .. 4/a (.."olden Cross 0/3 .. 0/1 Karanitahiike 0/11 .. ()/(• Komala Ui.-ef» (i/7i .. O/Ui Phoenix (cont.) O/3 .. u/2 Tairuii Broken Hills 1/1 .. 0/10J Tairuu Dawn 0/2 .. 0/1", Tairuii Triumph 0/2 L.. u/lj ! Tiiiru.l Golden Hills B/« .. 4/'J ; 'lairun Conqueror ". 2J .. o/ii Tairuu Reefs "/•*> .. <>^i Tnilnuiau Consolidated 48/H .. 415/B Waihl JSI/0 ..l.Mi/(i ' Waihl Beach 0. .1 .. 0/4 Wnilii Kxtcnrlpd S/0 .. 2,10 Wall)! Grand .TiilH-ilun 2U/0 .. 25.11 Waihl Grand .liinctiou loption) — .. 2/C Mountain King (cont.) 0/0J .. O, S !

MINE MANAGERS' REI'OUTS. I

Komnta Reefs.—Tuc manager, In his report for the four weeks ending January i3i-d. states that Xt>. 2 reef In the first block south is three feet In width, and worth 80/ per ton, but there Is only n little morn nrc left at this point. In the first block north ou No. 2 reef nt No. 6 level It Is four feet wide, and also worth 30/ per ton. There Is only n short run of ore. No. 2 reef at No. o level is four feet wide ami

worth 30/.per ton. but the ore still requires v lot of sorting. No. 1 reef ltLthe second block at No. 4 level is six feet wide and worta £1 12/ per ton. There Is a lot of culcite In this block. No. 2 reef, same level, in the first block, is sft wide, ana worth 30/ per ton. No. 1 reef, third block, at No. 3 level, is seven feet wide, and worth 80/ per ■ vr The ore re iuires sorting.. No. 2 reef, ,j °- 3 level > second block; is five feet wide, and worth 30/ per ton This reef !s f o c "! n ? <"?<»"«*• No. 1 reef at the Smithy level is four feet wide, Is worth 30/ per ton aad Xo. 2 reef, same le.vel second block, is worth 30/ per ton. the stopes being Just parable. N o . 1 reef at the Hopper level is four feet in width, worth 30/ per ton, but there is very little ore left in this block Owing to the dry weather a lot of coal has been used at the battery. In the Hill?* " orth . Xo ; - repf at Xo - 8 level is aII caicite, and only worth 4/8 per ton It Is nve feet in width. No. 2 reef at No. 6 level „"?' ve T y ? oor> bein S only worth 1/6 f O it h 2So - l reef^t No - 5 leTel Is four feet wide, and worth" £3 11/ per ton. No. 2 mil- f "? d P ° Or - No - X reef at Xo - * .' v %. four fe et wide, and w.orth 17/ per in th f ai ' e " f6W bunches of g° od ore

Victoria.—Stoping on the hangingwall te h -»id fn* level shows a "ppeVa'neV" A a t l Z* 3^el h rtllS £?STeSS laid to the Victoria reef 155 ft A orv e 413 t o e ,M Stal ; te :l ° v thß bl ' eilk t0 Pick up U the Vi" toria at the back of the break. The country Has a promising appearance ov?»' d H A l lbm-ni ?-~ The main Hse bas been extended another nine feet. The country penetrated is still good firm sandstone be^'extfnd'^iTfT" 6 IOW leVel haS been out through, and proves to be a compact body of clean quartz, fully 12ft wide, iuc'ml'fn- T'" 5 S T d mlDeral indications, mending iron and copper pyrites also manganese. The ore body is n ea r?v' T ertitul and is encased in a nrst-elass channel or Drown nndesfte country, and from its large dimensions and the facilities for ecouo™V2 I ?, bla j, uil,( ? tue <l""«z, a very modeLite yield of gold to the ton should prove payable. 1 may state that the point where the reef is intersected in The tunnel is over aouft in vertical depth from the surfacetherefore, there is a good block of reef available for stoping out. The face at the present time is about 6ft past 'the No. :s roof, the country being of an excellent description for gold.

Tairua Golden Hills—ln the N E crosscut the contracture have completed their contract for driving 500 ft. This leaves approximately, about 140 ft intervening between the two levels. The ground in both ends, viz.. N.K. ;;nd S.W. faces, is conducive to good progress, and about another month should see this work completed. The development of No. 1 lode at No. 3 level Is practically without change. The rise south Is up llL'ft, the nature of the ore continuing about tlie same, and is of a good payable i-hnrnctor. •

M.iy Queen. —From the quartz broken out of the No. 1 leud at Xo. 5 aud - ; o. 6 levels, a little picked stove Is occasionally selected. At No. 9 level. Queen of Beauty, the quartz looks well, and is heavily minora Used. At. the northern crosscut No. 4 lode should soon be to hand. The leading stope over the drive on the branch leader Is being taken along, and will soou be ready for breaking out ore.

Kuruuul.—A parcel of six tons of ore from the Biy'th reef has been brought down to the battery. Crushing will commence when water is available.

Old IliiiiMkl.— At the 400 ft level in the crosscut N.E. the country is good. A flnelooklns leader has been out. bearing X. and S., dipping W. In the drive west, same level, Xo. 7 reef is very much disturbed at presen'r by a slide. The lianginjjwall country is very broken and wet, a feature which the manager does not look upon with disfavour. At the 300 ft level the reef is 12 inches and highly mineralised. In the stone broken from near the floor colours of gold were seen.

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SHAREMARKET. Auckland Star, Volume XL, Issue 63, 15 March 1909

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