THE GOLDFIELDS.

Auckland Star, Volume XLIII, Issue 207, 29 August 1912, Page 2

THE GOLDFIELDS.

THE EXCHANGE. . The. tendency on the Exchange is still towards doing more business in investment than mining stocks. Sales Were reported to-day of South British Insurance at 79/, at which price more could have been placed. New Zealand Insurance changed hands at 94/6 and 94/9, Union Oil at 25/, and Hikurangi Coal at 18/. Cement shares are meeting with a little better inquiry. New Zealands selling today at 28/. while 36/ was offered for Wilsons, either issue. A transaction took place in Auckland Trains preferred shares at 23/9. and inquiry was made for New Zealand Drug- at 51/. Buyers of National Bank shares firmed to 122/, and New Zealand Bank had still demand at £11. Mining shares showed little alteration in price. Rising Run shares sold at fivepence, owing ton reef havin-» been cut. Transactions took place in Saxons and Sylvias at late rates, and Waitangis were placed at 1/. New Zealand Crowns were a little easier sell'inoat 2/4. ° Risrxn SUN". The manager telegraphed to-day: "Cut through a reef 18in. wide, good prospect." BREMNER'S FREEHOLD. A telegram was received early this morning from the manager of Bremner's Freehold as follows:— down the reef in No. 2 stope yesterday afternoon, secured 511)5. of picked stone, reef 18in. wide."

PTLVERSTREAM. The annual meeting of shareholders in the Silverstream (J,M. Co. was lield at 11 a.m. to-day in Mr. J. B. Sheath's office, Imperial Building. Mr. A. Tempest (chairman of directors) presided. There was a good attendance. The report and balance-sheet (already published) were adopted on the motion of the chairman seconded by Mr. Knos Bond. The retiring directors, Messrs Donald and Longiiet, were re-elected directors, and Mr. William Dimery was added to the Board Mr. P. L. Prime was re-appointed auditor.

Mr. Burton (mine supervisor) said tbey had pot the reef and the blue stone. Another eight feet should cut the known sliute found on top. The country was full tif seams, the country rock beino- all shattered. On the east there was a 13----inch reef, and another about the same size on the west. He considered the outlook was pood, as there were 100 feet 0/ backs. When he left the mine great blocks of ore were coming out on the hanging-wall. Some would be big blocks of blue stone, and others white. Further ahead was the place where the rich finds were made in the early days. The first shipment of three tons of ore was on its way from Hikntaia to Copple Creek. At 2/ per oi-. for the silver in the block of stone in the office, the v»lue by assay was £48 per ton. * Mr Sheath said ffi per ton would cover the total cost of delivering ore from the reef to the smelter in Copple Creek.

THE SHAREMARKET. BUSINESS DONE. ™?2'*.-s xcJlanK€ ' DOV quotes In parentheses reported sales, to dis-cingulsh th_ m from transactions !.* the calls. AT THE 3.13 P.M. CALL YESTERDAY. New Sylvia : _ ci Success Dredging Co ',' 'if/o,' 2cy','_l/«i May Queen ' __j National Rank '.'.'.'.'.'.' j__/ New Zealand Insurance '..".'.'.'' (P4/G) Northern Coal (11*1 Tnupiri Coal '.'.'.'. .'„ .3 Wesrport Coal .'.'.'. 28/3 Auckland Gas (old) *..'.'..".' *"__/ Northern Steam (p.n ) _--,/4 Kauri Ttaiher (eont.) ...".V. nj/) Awkland Trams lord.l " 04/ Wilsons Cement (pref.) .".'(3B/6) AT THE 10 A.M. CALL TO-DAT. New Sylvia _/■» Wartangi Consolidated 1/ Ross Goldflelds " 5,_ New Zealand Crown .......'.'.,'. 2/4 New Zealand Insurance 04/6 Auckland Trams (pref.) .'.'.'."" _; t AT THE NOON CALL TO-DAY. New Sylvia (1/2) l/o iSaxon ' ' _/ Rising Sun -......"...........'. 5d New Zealand Insurance .' (94/9) South BritiKb Insurance ...""" (70/) I ililcurangi Coal , ~__ j New Zealand Cement ..... r»t'i' Union Oil .'...'.".*.*.■." (i»/j

STANDARD STOCKSSellers. Buyers. Bank of New Zealand 2C5/0 .. 220/6 National Bank — .. 12i/0 New Zealand Insurance ... 95/0 .. 04/ C -National Insurance — .. 3S/_ South British Insurance .... HO/0 .. 79/0 Standard lUßiinuivc 32/0 .. Doau aud Mercantile 10/0 __ 9/0 NJi. aud Ilivcr Plate (newj — .. ift/0 N.Z. and River Plate — " 39/3 Hlkurangl Coal I.S/G ". 17/3 Northern Coal 11/10 .. n/« Taupirl Coal _.{/;. .. __' Westport < 'oal _8/G '.'. _s/o AVestport Stockton _./10 ■>/_ ; Drury Brick (p.u.. _ .. _/. ; j Auckland lias „ 64/G .. Auckland Gas (new) 63/3 '.'. 62/0 Birkenhead Uus _C/c .. _W/0 Gisborne Gas 53/0 .. 51/0 [Northern Steamship (p.u.) 15/G ".'. 15/3 Northern Steamship (cont.) 7/6 ~ 7/"> I'nlon Steam 48/0 .. 47/o Cashmore Bros., Ltd 21A> Kauri Timber (eont-i 17/2 *' ifl/in I-O'B. Timber 28/0 .. 26/ C Premier Joinery 31/0 .. _ Auckland Tramways (pref.) 23/9 _' _(_/_ Auckland Tramr-rays lord.. — . _3/S 1111 l and Plummer _ .' -rjM National Trading Co 20/0 ' ' 18/(5 New Zealand Drng *' s_/ 0 New Zealand Cement ...... IS/C " '^/fi Voltitc Co "H/0 " _ N.Z. Paper Mills 21/0 '" _ Tonsoa Garltck Co., Ltd. .. 21/0 '' 00/n Wiseman and Sons (ord.) .. 21/0 '' — Wilson Cement (pref.) " __/<) Wilson Cement (ord.) — " 33/0

MINING STOCKS— Sellers. Buyers. Bonanza <>/•_> __ o/l Kuranni-Caledonhro , l/,s * 1/tj May Queen 0/lli " 0/IoJ Moanatalarl O/' 0/1 New Hyrvla .'.' ]/_ "_ j% Occlden-tal Consolidated 1/3 . _/n i *? xon , 1/1 '.'. l/o Victoria 0/8 1.. o/s Walotahi _>._" .. 2 /l Waitangi Consolidated 1/1 _' Jm Watchman _/_ '_' /m Ross Goldflelds r.'/H .'' -,/r, Progress .Vines 7/3 '" 6/ 9 Hatiraki Reefs (p.u.) OS .'. (>_, •Hannrki Reefs (Cont.) 0/4_ j \ 0/3* New Success 0/2 .. o/l" Old Hauraki Mines 1/7 .. i/_ New Zealand Crown 2-T. . * a/3 Crown Options '— '. 0/3 'Dominion f/.ti .. O/M tiolden Cross 0/4 ~ o/lj Koraata Reefs 0/2 ~ o/l Rising Sun 0/.-,_ .. 0/4$ Talisman Consolidated 41/0 .. 4oyw Walhi 33/0 .. 34/6 Wa Extended 0/i_ .. 0/4} VVafhi Grand .liinction 21'fi .. 21/3 Waibi-Paeroa p.u.) 30/O .. _ Waihl-Paeroa (coot.) 30/0 .. Mountain King 0/" .. 0/2 New Waitala IT, .. _'_ Success Dredging Co 20/0 .. —

THAMES DRAINAGE BOARD. A meeting of the Thames Drainage Board took T . 1:„.,. at Mr. W. Xirhnl-s office. Victoria Arcade, to-day. There were present: nh, r ( "; " u,ls, L" ,<"'lio Presided, in the absence *"! J." l ™ ! '"'' Graves Alcfcen. H. Gl Allan, j. lineebonc, E. A. Brown* W. Baker, and H. Sbj_- (Major 0 * I___na_! <

The statement of accounts td Jrilf 3lst showed receipts £1,411 15/6, of which SEfIG 1/1 was balance brought forward, £bV)3 (j/lO contributions received, £170 5/ from Deep Levels Board for air aha winding, and from the May Queen Compjiriy £38 tf/7 for the ___?*_ T J" e payments totalled £608 18/0. which left a balance tit £82 2/7. The cdntrtbntlpns unpaid oh July 31st totalled £850 „i 3? c Under-Secretary for the Mines Department wrote re the request for amendment of the Board's regulations, stating that the matter was still under consideration. Messrs. Hudson and Alcken were deputed to go to Wellington and press forward the amendment of the regulations. The Engineer's reports m-ri- read. The only point of Interest was that a Are had occurred In the coal stocks through spontaneons combnstion, but had been successtuily got under.

MINE MANAGERS' REPORTS. (Joklen —The rise on the Fiery Cross reef Is now np 50ft, and carries crashing quartz nearly the whole distance. The rise on the leader Is up 28ft. The last 6ft Was through the old surface slip, the quartz cutting out at 21tt. The crosscut under the outcrop is In 00ft. A small stringer ot quartz giving splendid dish prospects was cut turough on i'rlday, and there are utill -Oft to be driven before striking the main lode. Crushing will start on September 2nd. North Prince of Wales.—During the past tortuJght Hie No. o went crosscut h-.« been extcsuded a furLher oft, making a total of 140 ft. The heds are fairly decided, and *«»' a westerly dip. 'i'lus .u-ossc-ut lias jeen stopped, aiutl the men transferred to the ahall. taring to the scarcity of labour tenders cannot 'be got lor Kinking utie shaft, and It Is proposed to commence the Work on wages, as everything is now iv readiness. Talisman Consolidated. report for the fortntglil ending June iWlh, lUl.', states that at .No. 13 level ,No !) crosscut Is In dwrt, and the ground shows no change, lie values from stopes off No. 12 ruie average iill l«/. No. 13 level: No. 1(1 winze —At 130 ii drives were started north and south on reef. The r th drive ha« beeu advanced 17*1; width of reef, Win- values average 1/6. Tbe south drive is in 20ft: •width of reef 541u; values average 4/2. Ti»« values from slopes off .No. 12 rise average « li/i from the stopes tiff No. 15 rise £3 0/<>; autl from the stopes off No 10 rise, £(j 17/9. Al No 14 leveJ the S() drive is in USBft. From S97ft to 914 ft the width, of the reef Is 4Sin, values low; from Wl4lt to 931 ft the values average £4 1/10 for a width of 54in; from 931 ft to iWUft the reef Is 48in wide, values low. Woodstock shaft has been sunk 24ft: total 3Stfft. The ground shows no change. Tellurldes IToprietarj-.— level ou the north course of Corbetfa reef, hi Cordon section, has heeu advanced 7ft tor the week and on the 21st telluride commenced to show iv the footwaU nection, which at tils point Is lift wide. The following are the results of assays takeu right across the reef from hangingwall to footwall:—No. 1 8/1>'o. 2, 1/11; No. 3, T/: No. 4, £1 __/_• N,,' o, £-> 14/2; No. 6, £4 8/«. The level- on the north course of the reef in the Volunteer section has been advanced 10ft for the week without revealing any change In the nature of-the country. Privateer: A start has been made to crosscut through the large Privateer load, from footwall to hanglngwall, at different stages along the course, in order to ascertain its value.