THE SHAREMARKET.

Auckland Star, Volume XLII, Issue 68, 21 March 1911, Page 2

THE SHAREMARKET.

AT THE 3.15 P.M. CAXi. TESTERDAY. Kuranul-Caledonlan 1/2 iNew Sylvia !¥lO Hnurakl Beefs (cont.) .'...„_ Td (Kapanga ... ....... 5Jd ■Golden Belt 74a Waiftli Grand Junction ..., 27/9, 21/6, 27/3 New Zealand l Crown 3/7 Talisman' Consolidated 49/9 Walhl 64/6 Auckland Gas 68/9 Auckland Trams (ord.) 25/3 AT THE 10 A.M. CALL TO-DAY. .May Queen 2/ Talisman Consolidated ..„....->..... 49/9 Tauplri Cool 21/9 AT THE NOON CALL TO-DAY. Talisman Consolidated 49/9 Waihi Grand Junction 27/3 Taranaki Oil 14/3 •Bonanza , Ud Wafhi Beefs Consolidated 2/3 Sooth British. 72/ Northern Steam (cont.) 7/3

T~\ MINE MANAGERS' REPORTS. •Hal©yon.~-The main tunnel Is In 185 feet. The quartz looks well, and carries splendid minerals. The reef is about 2 feet 6 Inches wide. Water is flowing from the face. In •the otopes, the quarts coming to band still shows odours of gold. Crushing starts this week. Occidental Consolidated.—ln the drive east the Loyalty reef looks well, but no gold was seen when breaking-down. The quarts in No. 1 leader is heavily minera.laed, and shows a little gold. Saxon.—The deep level crosscut baa been extended another 13 feet during the week. ! No iurifoer quart* has oeen, met "width, since passing through the reef. The country is decomposed andeslte, and requires timbering. Golden Cross.—The country in the back of the drive has been hard, but a change Is now coining- in, and quart! Is showing on the hangingwall side. In Oie rise the Fiery Cross reef is of a highly payable nature, and. sold is showing. There are. about seFeh feet of quarts showing, with neither wall visible. About 70 feet of the (Fiery Cross level south has been retimbered. Monowai.—The stampers ran hours, crushing approximately 00 tons of ore. The assay from the lip of the boxes gave a value of £1.10/9 per ton, which is an improvement on those of the previous week. The treatment of .the sands and slimes by cyanide, shows a satisfactory extraction. Ore Is now being broken out from the south run, and from now forward it should be of a higher grade. There Is still a shortage of miners, but the manager hopes shortly to have a full staff. The drive in the sonth end ot the south run of g-ofd is being pushed on.- This reef is a fine body of ore, fully six feet in (width, and of good payable quality. Ail other work is progressing satisfactorily. Victoria.—The winze is down 16 feet In well mineralised country. No quartz has I been broken. From the Seaward drive, the quarte broken has a good appearance, but I no values have been seen. This drive will be stopped for the present, and the men put to assist in the winze. Good Hope.—The ground Is till very bard lv the drive, but this may prove to be only a boulder.. The band of are is now only about 3 inches in thickness, and no gold has been seen. The slopes are still producing fair ore, but is yet very much split up, which makes it slow work. The quartz and mullock have to be shot down together, and then picked over. About a pound of picked stone wan selected thi9 week. May Queen ; —No. 10 level, 1000 ft: Extending the south drive on the reef is being carried on. The reef still looks well, and Shows favourable mineral. In the northern Crosscut a leader was met with about 4ln wide, and the quartz carried zinc blende find copper pyrites. The strike of the leader i« about enst tisd west. It is expected the Deep levels Mining Board will have finished putting in the 22in diameter airpipes and connecting with the Roots's blower some time this week, when a start will be made to drive eastward on the reef known as the Exchange reef, which was Intersected by the deep level crosscut in the May Queen ground. No. S> level: In the uortnera crosscut the usual work of stoplng on the No. 4 lode and brunch leader Is being carried on, and a little gold is seen in the quartz at each breaking down. No. 6 level: At tne intermediate level sinkintr the winze on the footwall branch of No. 4 lode is proceeding, and a little picked stone is occasionally selected from the quartz broken; Kurauui—ln the new reef, Eureka section, blocky mineral, as well as a little gold, is seen in the ore. It gives every indication for making stone. Half a load from this leader and the Biyfh reef gave a return valued at £10 i 4/6. The Windfall reef is now two feet wide, and carries splendid minerals. The tributeis treated 2J I loads of dirt, which ia shaping fairly well.

Golden main drive foot Jetei is now in 348 The manager-cocsldW'aiis J le©ta much llfce the vßeciflc of' courihrKSplendid mlnerallieads and rang seams, with a .litOe; gritty oharta, are showing, whteh makes the manager think he is close to some leader, \, "" '•'' V ."'' ";''' - ' ■ \ Dixon's Cohsbl!dfl!ted.-^The 'Vffhdfali reef a& the No..- 2; level, is. opening -up.aa. the drive advances. It Is now about 2 feet m width., There Is no ehahge'iita -the quartz. In -the Day Dawn level tie same reef eiiows a vast improvement im its uppearance, showing a little sulphide, and the manager thinks he will, come upon payable stone at any time.

New Sylvia.—The country being pene> trated by the new low level continues -hard ' to blast. This level is no*, in ebSft. All work in connection with the new battery is going on. satisfactorily. Point Russell.—The reef, in the drive off the winze Is 7in wide, but when breaking down no gold, was seen. The quarts in Conway's reef is showing a little improvement. The reef In the leading atope at the low level is carrying splendid mineral, and the., manager expects to get gold before long, as two leaders on the hanglngwall loaded with the best of mineral are dropping into th e reef a few feet further ahead. A leader about 4in wide waa met with in the hanglngwall of the main reef at the top level, and a few colours of gold were seen. AJax.—The level is now in 72ft. The country' is a good class," with numerous flinties crossing the face. Bendlgo.—The ore being broken is full of sulphides, and has the appearance of being good. Ulsing Sun.—The level is in 1507 ft. The ground is still difficult to get through on account of large flow of water issuing from the face. Have cut into the reef 3ft, with no wall yet. Several dish and mortar tests gave some good prospects of gold. The reef so far broken down shows some nice bands of mineralised quartz. May Queen.—At the No. 10 level (1000 ft) the reef Jn the south drive still looks well, the quartz showing favourable minerals for gold, in the noitbern crosscut a very promising looking leader was cut, which is about 4in wide. The quartz carries zluc blend, and copper pyrites, and the manager stales he has no doubt that gold wil! be found when this is worked upon. It is expected that the Deep Level Board will have completed putting in the 22in air pipes connected with the Boots blower this week, and then a start will be made to drive seaward on the Exchange reef intersected in the deep level crosscut in the May Queen ground. At No. 9 level in the northern crosscut the No. 4 lode is producing quartz showing aJftttle gold at each breaking down. No. G levW.'at the Intermediate, when sinking the Wiuze on the footwall branch of No. 4 looi, a little picked stone is occasionally selected. Golden Belt.—The winze in the low wvei is down 18ft. The last ore taken from the bottom of the winze shows nice colours of g °l>omiDlon.-Tne drive is In 271ft r The country is still hard.

STANDARD STOCKS— Sellers. Buyers. [National Bank 123/0 .. m/0 Union Oil — .. 3O/0 I Wiseman and Sons (ord.) .. 19/0 .. 18/3 Wilson Cement (pref.) 42/0 .. — I. Wilson Cement (ord.) 41/6 .. 41/0 MINING STOCKS— Sellers. Bayers. Alburula 0/2 .. 0/1 'Biananza 0/3 .. 0/2 Good Hope 0/3 .. 0/li Kuranui 0/4J .. 0/3J Kuranwi-CaledonJaii 1/2 .. l/l [May Queen 2/1 .. 2/0 1 Monowai 2/0 .. 1/7 New Sylvia _ 2/11 .. 2/10 Occidental 0/4 .. 0/il Saxon 2/4 .. 2/3 Victoria 1/2 .. 1/0 Walotahi 2/10 .. 2/8 Waitaugi Consolidated 2/2 .. 1/11 Watchman 2/8 .. 2/5 Mount Zeeliau 0/4$ .. 0/4 Blackwaiter 29/3 .. — ConsoKdaitcd Goidflelds 18/6 .. 17/8 iHaurakl Iteefs (p.u-) 1/0 .. 0/9J HaimUd Beefs (coat.) 0/7J .. 0/6£ Mount Welcome 0/4 .. 0/3J Old Hanraki Mines 2/2 .. 2/0 Kapanga ...'. 0/0 .. 0/5 Freehold 0/5 .. 0/4J New Zealand Crown ..'. 3/8 .. 3/0 •New Zealand Crown- (options) — .. 1/0 Golden Belt ■'. 0/7* .. 0/6J Golden Ctosb 0/0 .. 0/8 _RisJng v ,Sun „.-> 0/8 .. 0/8 Tairua' Mines 1/0 .. 0/0 Talma Golden Hills 1/0 .. 0/6 Tairua Monarch 0/31 .. 0/3 Talisman Consolidated 50/0" .. 40/D Talisman Consolidated (new) 44/0 .. 43/0 WalM 64/6 .. 64/0 Consolidated Reefs 2/4 .. 2/3 Waihi Extended 2/2 .. 1/10 Waihi Grand Junction 27/9 .. 27/3 IHandeworth 0/3 .. 0/1J Mountain King . 0/5J .. 0/5 New Waitaia 0/oj.. o/sj Taranakl Oil . „ 14/6 .. 14/0 Wathi-Paorou , ,... .,. 20/0 .. 18/0 N.Z. Insurance — .. So7t> National Insurance —' .. 85/0 South British Insurance .. 72/9 .. 71/6 Standard Insurance — .. 27/6 N.Z. and River Plato 41/0 .. 3P/6 Hikurangl Coal 10/0 . i 18/0 .Northern Coal ..'... ; io/6 .. 10/0 Tatiplri Coal 22/0 .. 21/6 Westport Coal 30/0 .. 20/3 Drury Brick 8/6 .. — Auckland Gas 69/0 .. 68/6 Auckland Gas (jnew) — .. 58/6 Palmenston North Gas 180/0 .. — Union Steamship — .. 38/0 N.Z. Shipping 292/6 .. — Northern Steamship (p.u.).. 16/11 .. 15/9 Northern Steamship (cont) 7/4 .. 7/2 Kauri Timber (oont.) 16/2 .. 15/10 LO'B. Timber — .. 26/0 ■Wellington Woollen — .. 79/0 Auckland Tramways (pref.) 25/6 ,. 24/6 Auckland Tramways (ord.) 25/6 .. 25/3 Hill and Floimner — .. 10/6 Milne and Choyce; Ltd. Opref.) — .. 25/0 Milne and Choyce. Ltd. (ord.) — .. 24/0 N.25. Cement 85/8 .. 35/0 N.Z. Cement (new ..,*.. .i — .. 90/6 N.Z. Paper Mails ..... . — .. 23/6 Tohson Garlick Co., Ltd ... — .. 18/0