THE GOLDFIELDS.

New Zealand Herald, Volume XX, Issue 6823, 29 September 1883, Page 5

THE GOLDFIELDS.

fXtV TBLKORAPiI. —OWN CORRESPONDENT.] < ■TIiAMES, Friday. Sharemareet.—Dart, sellers 5s 9d; Deep Level Cross, 23 11(3, 33, sellers 3s 3d; Imperial, sellers 403 ; Queen of Beauty, 2s 6 J ; Crown, sa; Colonist, 6s 9d, sellers 73, buyers 7s 6d. 1

Dkep Level Cro^s.—A leader, four or five inches wide, was cut at the .640 feet ■ level last night. The manager describes it as rubbly. I like its appearance far better " than anything yet found on this There is abundance of bright mineral. If there is any feature that is not to my liking, it is that the quartz is too young-looking—that is, it is scarcely pronounced enough; but that is a matter that a few feet" of driving might change. In fact, the appearance of tho lodo and country is exceedingly encouraging. The point of intersection should be near to the that is hillward, of the break. This may be No. 2 leader, as it has tho proper underlie; but tho manager is not certain that there is not quartz a short distance ;ihead. The drive will be continued. Forty pounds picked stone were obtained from the footwall leader. Gold was seen in both winzes last night. The following telegram was received yesterday, from the mine manager of the Deep Level Cross Gold Mining Company :— "Leader cut, low level, no gold, forty pounds specimens from stopes." We understand that the .directors of the Werahiko Gold Mining Company have made arrangements with tho Battery Company at Te Aroha for the exclusive use of five heads of stampers, and that crushing will be-com-menced immediately. A meeting of the shareholders of the Seymour G.M. Co. was held yesterday at the office of the legal manager, Mr. D. G. MacDonnell. Mr. McCabe occupied the chair. Tho balance-sheet, from which we note that the company are in a good financial condition, having an excess of assets over liabilities of £254 9;) 6d, was re-ul and adopted. The retiring directors and auditors were all reelected. A meeting of the shareholders of the London G.M. Co. was hekl yesterday afternoon at the company's office (Mr. D. G. MacI Donnell's). There a fair attendance of ! shareholders, Mr. T. Melville occupying the chair. - Tho balance-sheet was read and adopted. From it we find that the asseia amount to £259 ISs 9d in exces3 of the liabilities. This does not include £856 which has been expended for machinery, and. which might have been with fairness included in the assets. ' The retiring directors and auditor wero re-elected. A correspondent at Kihikihi, who is well informed on native affairs, writing on tho Kawhia outrage, says: —"The quarrel with L.'ingloy Brothers hap nothing to do with the throwing down oI the pole erected at Taungatara, Albatross Point. TLo pole was thrown down for the same reason that so many Other survey poles arc thrown down when erected on native lands -for the first time. Tho quarrel with the Messrs. Langley ,Brother 9 is, I 'should, judge, a very trivial affair, arising in a great measure out of tribal jealousy. They have, from what I can hear," been taking timber .with tho sanction of one tribe from land of which the ] ownership is disputed, and ao raised the opposition of other claimants. ' There is,at present great jealousy amongst the. Kawhia' nativea, Ngatimahuta and others blaming Hone to One's tribe for tho opening oJ Kawhia., Ido not think that there is any reason to fear serious trouble ia that quarter. - ' : ']'■'' i.:-!";: I .'-'-