THE GOLDFIELDS.

Auckland Star, Volume XLI, Issue 231, 29 September 1910, Page 5

THE GOLDFIELDS.

MAY QUEEN EXTENDED. RICH GOLD IN O'SUIiLIVAN'S REEF. Mr H. Choyce (one of the directors of the May Queen Extended Com-; pany (returned last night from a visit to the mine, and brought with him several pounds of very rich picked stone, broken (some of it 'by himself) from O'Sullivan's reef. The stone was placed on view this morning at the office of Mr J. J. -Macky, Swanson-street, and was inspected by a number of shareholders and others, -who expressed gratification at its richness. The gold is coarse, an* of good colour, and the seams run right through the stone. "In some pieces the seam of gold is over an inch in thickness. Mr Choyce explained that this stone pwas got from O'Sullivan's reef, in ' a drive that is now 1,200 feet in under Una. Hill. This reef was worked in the old days by Mr J. CSullivari, but as the company did not then own the adjoining ground, he had to stop at the boundary. Since then the ground had been acquired, and the reef further developed by the May Queen Extended Company, with the result that wpfcat may prove an important disco veiy has been made. WAIHI EXTENDED. The manager telegraphed yesterday afternoon: "More quartz making in shaft from north side. Cannot tell if any sign of more water." . Thiß morning the manager again telegraphed: "Last holes drilled into quartz gave off too much water for the bucket. Getting pump Teady to put down." THE SHAREMARKET. BUSINESS DONE. AT THE 3.15 P.M. CALL YESTERDAY. Mount Welcome ...: '.... '. ' ' 3d Old Hauraki ..; ~..... 4/"3/ll New Zealand Crown „ '. 4/7 a 'hi 131/ 3.30/6 Waihi Grand 36/3 New Zealand 1n5urance........... 82/6 Auckland Tramways (ord.). ' 24/Anckand Gas (£1) ._ „'J.'.'.6o/ AT THE 10 A.M. CALL TO-DAY. May Queen — .-...........3/10 New .Sylvia 3/10 Old .Hauraki „ .'......'.3/9 Talisman Consolidated ..«„....■",. 53/ Waihi ..."........„....".128/. 127/6 Waihi Grand Junction ..' 35/6 Handsworth. ; .....; 7d AT THE NOON CALL TO-DAY. Hay Queen Extended 24d, 3d,-32d Zeehan Consolidated ~. 8d Ross Goldflelds 3/1 Old Hauraki 3/8 New Zealand Crown. .• ." '" 4/7 Waihi 327/" '127/6 Waihi Grand Junction 36/ •Mountain King ",8d Saxon : .. ...1/4 New Sylvia '.'.'.'.'.'.'.3/10 Wilson Cement (ord.). ..;....•..-....;... 42/ Milne and Choyce (B pref.) 33/9 iMarks Turbine (p.n.)"...:... 16/

NEW "WATTEKAURI. The half-yearly meeting of shareholders In the New Waitekauri CM. Company was called to-day In Mr. H. GilflEau's office, Victoria Arcade. The directors reported that the mine had been under protection during the past half year. The berdans had been employed treating.tailings. When p the protection expired, it was proposed to resume prospecting work. The matter of amalgamation with the Jubilee property '■ was being negotiated personally in London. Messrs. J. New-dick and G. W. Sanders were the retiring directors. The statement of accounts for the half-year ended August 31, 1910, showed:—Receipts: Balance in bank and on hand, February 2S, 1910, £7S 5/2; calls, £356 19/4: calls recovered on forfeited shaTes, £43 "6/4; bullion. £61 4/1; sundry debtors, February 28th, 1910, £9 5/; ore crushing, £31 7/7. Total, £580 7/6. The expenditure was as follows: Mine wages, £97 12/; battery wages and supplies, £75 7AO; general charges and rent, £86 , H/ll; sundry creditors, February 2Sth, 1910, £& 14/; cash in bank and on hand, £311 1/9. Total, £580 7/6. NGATIAWA. The half-yearly meeting of shareholders , to the Ngatia-wa G.M. Co. was convened at noon to-day at Mr H. Gilfillan's oface, Victoria Arcade. The directors' annual report stated that the principal operations had been in the Sunbeam section of the company's property. The work connected with overhauling and putting In order the battery plant on this property has been completed, and operations in the mine have been undertaken at No. 1 and the low levels. Stoping operations on the latter are now in progress and the ore therefrom is being treated at the mill. A sample parcel of ore was shipped to London in connection with the negotiations for an option over the property. The i directors retiring are Messrs H. T. Gorrie and Jas. Smith. The mine manager's report stated that at No. 1 level a drive was put in on the footlw«ll ot the reef tar 36 feet -wiica yielded

SI tons of ore. Every seventh truck was. I placed-in a- separate dump, .which constltut- _ ed a fair sample, and this was treated at ■ the battery. The following-Is a list of trial | cmsliinss, and the lip of box assays:—Xo. 1 1 level east, 24 tons, assay value 2b/3; leading stope 15 tons, 2713; second stope, 15 I tons, 31/; third stope, 23/8; and Intermedi- g ate drive sample, 12 tons, 25/ S. The statement of accounts for half-year 1 ended August 31st, 1910, showed—Receipts; g Balance' in ban!- -and on hand, Feb.-2S, 1910, £110 5/9; calls, £S-iG 19/3; calls recovered on shares forfeited.. _.-!•_ 0/2 —£:"_- ---14/2. Expenditure: iliac and bntusy {/j wages, £573 1/6; mine and battery 'supplies, | £19 5/10; general charges and rent, £10_; !' IC/2; sundry creditors, February 2S, 1910, 1 £147 12/9; cash in bank and on hand. £150 17/11 —£993 14/2. The debts due by the company totalled £51S 6/8. MAY QUEEN EXTENDED. - ' — '•' '" ' " '-'I The halt-yearly meeting ot shareholderIn the May Queen Extended Gompany -w__ "held this afternoon. The report of the I directors stated thai on April last It was _ .found desirable to discontinue the further '§ extension of the drive Into the Una Hill at the Intermediate level, and on the advice of the new-mine manager, Mr C. A. Taylor, operations, were commenced in .the main X adit. This level has been cleaned out and j re-timbered, and the reef driven upon. The results have, been satlsfactory, gold having j ■been obtained for the whole distance driven, and the quartz saved for treatment. ; A winze also was sunt on the reef with : splendid results,' «bu_ the flo-w of -water was too strong, and this work had to be aban- j doned. .However, it is the Intention of the directors to instal the company's engine, pump, and winding plant,..and at_-so_ie future date wort this reef at the lowest level, 100 feet deeper than the present workings. The prospects iron- this portion of the mine are very cheering. Considerable repairs have been effected to the battery, which Is now in first-class working ; order. As -Ore -cap-tal of the company ha 3 been fully called up, a scheme for recon- f etr-ction will be submitted to shareholders at an early date. The retiring directors t were Messrs it. C. Carr and __. ,C. Choyce. | The statement of accounts for the half-year ended: August 31st, 1910. showed receipts: -To balances, February __-_, 1910, £56 4/8; i 82nd call, £361 18/5; 33rtt call, f|±l<Vg; ; rent oi battery, £11 5/. Total, £524 4/3. Payments: By urine -wages, £314 7/11; mmc supplies, £57 0/7; drainage, £33-1/-.; battefy repairs, £21 V. ac <*^y^^? c "yJ;? 9/3; g_neral expenses, £56i 4/H* legal -kpenses, £17 15/; -ire-tors' fees, £11 10/. , balance at ban!.' and In -rand, £6 14/o. Total,. £524= 4/3- ---"■ " ~~~~ " I

STANDARD STOCKS—' _ Sellers. Buyers. Sank of New Zealand.. 207/0 .. 208/0 National Bank 118/0 .. ' — New Zealand Insurance S3/0 .. 81/6 National Insurance — ... 31/9. South British Insurance... 69/0 .. 68/0' Hikurangi Coal 19/6 .. 17/6 Northern Coal . ... 10/6 .. 9/9 Taupiri Coal .'.. 20/9 :. 20/0 WestportfCoal 130/0 ... — I>rury Brick (cont.) 5/6 ... 4/6 Auckland Gas 66/Or.. 63/6 j Auckland Gas (new) 54/6 '..-' 53/0 Northern Steamship (p.u.) 15/9 ' .. 15/3 | Northern iSteamsphip (cont.) 7/6 ... — | Devonport Steam Perry 37/6 .. 36/0 j Kauri Timber (p.u.) 39/t)- .. — : Tlm'ber ...... . 28/6 ..'.: 27/6 ! Bimu Timber ,.;..-...■'—-.:... 26/6 Parker, lamb 27/0 .. — I Auckland Tramiraya (pref.) 25/3 .. 31/3 [Auckland Tramways (ord.) 24/3 .. 21/0 I Marks' Turbine (p.u.) 17/0 .. 15/6 : D.S.C., Limited — • .. ' 0/5 ' Theatre and Arcade Co. (pref) 22/0 .. - — ■. ! Milne and Choyce (pref.).. — "'.'. 23/9 'Milne and Choyce (ord.).. 23/6 .. 22/9 : New Zealand- Drug 52/0 .: — New Zealand- Cement • 38/6 .. 37/6 Avondale Brick 6A> .. : 4/6 Cousins and Atkin (pref.).. ' — ... 9/6 Tonso'n Garlick Co.,. Ltd... 'TS/0 ..' — Union; Oil ...... 27/0 .. 25/6 "Wilson Cement (ord.)...-.... ..41/6 MINING STCrCKS— ■ • . Sellers. Buyers. Alburnia 0/9 .. 0/7'• Bonanza ; 0/5 ".'. '0/2 Knranui ..;..-..-.........;.. 0/7 .-; 0/5-Knranni-Caledonian 1/0 .. 1/2 May Queen........; 3/11 ..' 3/10' May Queen Extended ...... 0/4i .. 0/3i' ■Monowai :'■;"; 2/S .. 2/5. New Sylvia ...........; 3/10 .. 3/9 , Saxon ...;.".... 1/5 .. 1/4 Victoria .' 1/0 -..•0/ll Waiotahi ..:. 3/5 .'.-3/3, Waitanyi Consolidated '••;. 2/1 .... 1/11 "Watchman ...p 2/11 .. -2/u Zeehan Consolidated ' ."" 0/S . i; "0/7J Consolidated Goldflelds .... 22/6- ..-''.—'••. Ross- Goldflelds .3/1 ... 2/11 Hauraki Reefs (cont.) 0/8 .. 0/5 pMount W.cicome 0/3} .. 0/2* Old Haurail Mines 3/9 .. 3/S Kapuhga .....: 0/6 ..0/4. Hoyal Oak (cont.)..; 0/6 .. 0/2» Union HanraM '.' 0/5 .. 0/4 •Breinner's Freehold .... 1/6 .. 1/5 - Comstock 0/5 .. 0/3Champion 0/4J .. .. 0/3J New Zealand Crown 4/8 .. 4/7 N.Z. Crown (options) 2/3 .. 2/1 Golden Belt (p.u.): 0/7i .. 0/6J ■Golden Belt '. (cont.) 0/6 .. 0/4 Koroata Reefs 0/6 .. 0/4i Maoriland 0/7* ...0/6 Pride of Waihi ........ 0/3 .. 0/2J Rising, Sun 0/41.. 0/3i Tairua Broken Hills 1/T5 .. 1/4 Tairua Golden Hills .... 2/3 .. —-■ Tairua Monarch ...; 0/2J .. .0/1J Talisman Consolidated ..... 53/0 .. 52/9 Tpalismun Cons. (5/ p.u.) 35/6 .. 35/0 Waihi 12S/0 ..127/6' Consolidated Reefs 4/5 .. 4/3 WaihJ Extended 2/5 ... 2/2 Waihi Grand Junction 36/3 .. 30/0 Handsworth 0/8'.. 0/7 Mountain Kins 0/9 .. 0/74 New Waitaia (cont.) 0/7 .. 0/CJ Te Puke Reefs — .. 0/5