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BUSINESS DONE— iKarangahake 8d Mountain King (cont) Bd, 7*d Ivew Zealand Cement (new) 2S/ •baron 1/8 Walotahi :, 2/ Phoenljc (cont.) 2d Talisman Consolidated 44/9 Old Alburnia l/l N.Z. Insurance 7S/3, 78/6, 7t>/ T-auplri Coal 18/4, 18/6 Paper Mills ....21/8

MINE MANAGERS , 11EPORTS, Neavesvllle.—The leader In the face at present is obou'c 3 inches in width, and still carries eucouraging prospects. ' On Thursday last another lender, about 3 lnchea In width, came In from the hanging-wall. This leader is now running almost parallel with the other. Should these lenders junction, good stone may be expected. Tairua Triumph.—The present contractors for extending the Bluff level have driven 62ft. During the last few feet an Improvement Is noticeable, the country being more oxidised. Another 30ft of driving should reach No. 2 reef. Brilliant Block—Trenching was carried on in the north-eastern section, but owing to the depth of surface existing, this has been discontinued, and a start made to drive where the Champion reef was cut through some time back. About GOft further driving will prove whether the reef shedding the loose gold is traversing this portion. The country is all that can be doslred for speedy progress, the dlstauce driven for the week ending being Bft. Waituia.—Driving at the north end of No. 5 leve.l has commenced. A change has taken place in the country in the few feet already driven, mid there are now over 12in of reef Ju the face. Two men hare been employed at the intermediate, above No. 5 level, and n few colours of gold were seeu in the stone. When broken down a good percentage of the stone showed "bird'seyes" mid blotches of gold, which is of very good colour, and should tell up well lit the battery. The ground Is Intact for "fift, and as the old company got rich ore above, there Is a reasonable possibility of It opening up a good block of ground. WalotaM.—Stoping on the dropper east and nest of the wrJuze 'below No. Ci level is producing good crushing dirt, in which good colours of gold are occasionally seen. The second scope on the dropper above this level has beeu carried east of 'No. 1 rise for a distance of 27ft, the reef being about 12in In width. The drive west from the Mary Ann shaft on No. 0 reef at No. 5 level is in 322 ft. A little more quartz is now showing, but no gold has been seen. Stoping on the hanglngwall rib of the main r««f Is In hand, dabs and colours being seen in the quartz broken. In the stopes, on the footwnll dropper above this level fair crushing din is coming to hand, and good colours i>l gold are occasionally seen. Stoping ou thy hang-ingn-all rib of the main reef at No. 4 level is in progress, and, although the leader is small, it showa good colours of gold. The crosscut east from the footwall of the main reef Is in a distance of 2teft. Owing to the amount of crushing dirt coming to hand being Insufficient to keep the battery going, we shall have to further curtail our crushing operations after this jnonth. Walhl Extended.—The south-ea3t crosscut has been extended 124 ft. The country still continues to carry small quartz veins of quartz at intervals. Dixon's Consolidated.—Another body of good-looking quarts; has been cut, carrying very favourable minerals. The manager considers this is the best-looking lode yet cut iv the crobflcut. Watchman.—ln No. 1 winze, low level, 4Cft from the brace have now been sunk. Tie result of a sample taken 40ft down the winze was encouraging. Waltangi.—The rise on the western section, low level, is now 90ft from the back of the drive. At the iNo. 2 level Che eastern drive lias been advanced a distance of HKx from the main crosscut. Magnc-t.— The rise on the hanglngwall ■branch of the main reef Is now 74ft high. This branch averages about 81n iv thickness, and the quartz coming troin it is of a very heavily uilneraLlsed character. During the week a few strong colours of gold were seen when breaking down. Mountain King.—Driving north at No. 2 level has been advanced aft for the week. The country still continues the same nud the reef formation has come back to its true course, uorlh. It is making bunches of quartz, and there is a fair amount of water issuing from the formatlou during the last few shifts, which leads mc to believe the reef is close at hand. Driving south has been resumed. Bft for the week having been driven. The reef is a nice strong body of ore, about IS inches wide, and bus every appearance of Increasing in size, and when taken down showed strong colours of gold. The rise to connect with No. 1 level has been extended a further distance of 10ft. The country is still of ii kindly nature, and the reef broken down to the face showed nice colours of gold. Tatraii Golden Hills.—At No. s level driving northwards on No. 1 reef Is stfil proceeding. The ore body looks well, and the values are fairly well distributed through the ore, the present face being a little over 100 ft from the crosscut. Nb. l rise south is up 125 ft. the ore coming to hand being of ;i good payable hatare. This contract will probably be completed within the next lortuight, when preparations will be made for sinking winze below No. 3 level on the No. 1 lode. Victoria.—A drive has been started at No. 2 level in an easterly dlrectlou on the break. It is in a favourable class of country; with the exception of a small stringer or two, no quartz has been seen. Ait the intermediate level, stoping is proceeding, but nothing of importance has been met with. No. 1 stope has been carried to the break. In No. 2 stope, the lode lias a kindly appenrnnce. Kupowal.—At No. 1 level work has been stopped for the present, and the men removed to No. 2, but so far nothing payable has been met with, although a little gold is met with every day. Talrnn Lends.—The crosscut is in 212 ft. We cut a break yesterday, crossing the drive carrying blue pug. but in cutting through It there is every appenrnnce of the reef mnklng again. The quartz coming to hand looks very well and the course of the reef corresponds 'with the Golden i Hills reef. ! Tairua Monarch.— The contractors have extended the main crosscut 226 ft. An appreciable change lias taken place during the week, the face now being a rubbly quartz formation. The intermediate level has been driven a further distance of 10ft. msklmr the total now driven 60ft. _ '

STANDARD STOCKS— _ " Sellers. Buyers. Bnnk of New Zealand 173/0 ..170/6 National Batik 10S/6 .. 105/0 New Zealand Insurance.... — .. 79/0 National Insurance — .. 28/9 South British Insurance... 51/6 .. 50/u N'.Z. and Hlver riate 30/0 .. 34/0 Northern Coal (10/ p.u.)... 13/0 .. — Tauplri Coal 18/0 .. 18/4 Drury Brick (cont.) — .. 2/6 Auckland Gas — .. 281/0 Auckland Gas (new) 21/0 .. — Northern Steamship (p.u.) 1-4/0 .. — Kuuri Timber (p.a.) 33/0 .-. 32/0 Kauri Timber (cont.) 13/0 .. 14/9 L.-0'B. Timber 23/S .. — •Parker, Lamb U3/O .. — Auckland Tramways (pref.) 21/0 .. 21/3 Auckland Tramways (ord.) 21/9 .. 21/8 D.S.C:, Limited 3/0 .. 3/0 IilH and Pluuimer 20/0 .. New Zeuland Cement (new) 23/3 .. 27/0 .New Zealand Cement 35/G .. 34/0 Theatre and Arcade Co. (pref) 2O/o .. — N'.Z. Paper Mills 22/0 .. — Tousoii Gnrlick Co., Ltd... 19/0 .. — Wilson Cement (pref.) — .. 36/6 Wilson Cement (ord.) — .. 30/0 MIKING STOCKS Sellers. Buyers. Kuranul 0/5 .. 0/4 Kurauui-Caledonlan 0/0 .. 0/5 May Queen • 1/10 .. 1/7 New Sylvia 1/6 .. 1/3 Old Albupnla (p.u.) 1/1 .. 1/0 Saxon 1/8 .. 1/7 Victoria 0/8 .. O/GJ Walotahl 2/1 .. 1/11 Waltangl 3/5 .. 3/2 Consolidated Goldfields 15/0 .. 14/0 Progress Mines 10/0 .. — Crown 4/2 .. 3/ll Kurungahnke 0/84 • • 0/7$ Phoenix (cont.) 0/3 .. 0/2 Tnirua Broken Hills 1/1 .. 1/0 Tairuu Triumph 0/14 .. 0/1 Tairua Golden Hills 5/2 .. 4/8 Tulrua Conqueror 0/2 .. 0/1 Tairua Ilcefe 0/4 .. 0/3J (Talisman Consolidated 4f>A> ..44/0 W'alhi 184/0 ..188/0 Waihi Beach 0/6 .. 0/4 Walhl E-xtendcd 3/0 .. 2/9 Walhl Grand Junction 20/0 .. 25/6 Walhl Grand Junction (option) 4/6 .. 3/6 Mountain King (tout.) 0/8 .. 0/0

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SHAREMARKET., Auckland Star, Volume XL, Issue 73, 26 March 1909

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SHAREMARKET. Auckland Star, Volume XL, Issue 73, 26 March 1909

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