THE GOLDFIELDS.

New Zealand Herald, Volume XXXII, Issue 9943, 5 October 1895, Page 5

THE GOLDFIELDS.

[bit telegraph.— CORRESPONDENTS.] Thames, Friday. Sharemarkbt.— Queen, buyers 12s Gd; Moanataiari, buyers 10s; Alburnia, buyers 7s 6d ; Hauraki Extended, sales B£d, 9d ; Talisman 1 Extended, sales 2s 6d; Puriri, lOJd; Waitaia, sales 4s; Bunker's Hill, sales 78 2d ; Whau, sales Is 3d ; Maoriland, sales Is 4d, Is 5d ; Lone Hand, sales Is 7d ; Inricta, sellers Is 7d ; Sheridan, sellers Is 3d; Waitekauri No. 4, sellers 3s. Waiotahi.—This company's usual monthly crushing was completed to-day for the excellent return of 2230z 6dwt melted gold, which. is the result of 220 tons of quartz won from all parts of the mine.

PRINCESS MAY. A meeting of shareholders in the Princess May Syndicate was held at the offices of Messrs. F. A. White and Bros., Queen street, on Thursday afternoon. There was a large attendance, Ml E. Bell being voted to the chair. It was decided to form a company, under the No Liability section of the Act, with a capital of £15.000, divided into 100,000 shares of 3s eaoh, nil paid up. The following gentlemen were elected as directors of the company :—Messrs. E. Bell, A. Knight, J. Batger, E. T. Hawkins, and T. Allan. Mr. E. J. White was appointed manager at a salary of 30s per week, with transfer fees. Mr. J. T. Stevenson was elected auditor, Mr. Harrison solicitor, and the Bank of New Zealand bankers to the company. The property is situated at Manaia, and adjoins the Golden Hill. MAG DALA G.M. CO. A meeting of shareholders in the Magdala special claim or 100 acres, Waitekauri, was held yesterday, at the offices of Mr. W. T. J. Bell, Shortlaud-atreet. It was agreed to form a no-liability company with a capital, of 90,000 shares of 2s each. Messrs. T. J. Steele. John Abbott, G. Aickin, E. Edwards, and Von Sturmer were elected directors. Mr. W. T. J. Bell was elected legal manager, at a salary ot 30s a week plus transfer fees. Mr. W. J. Napier was appointed solicitor of the company, the National Bank bankers, and Mr. A. H. Taylor auditor. BYRON BAY EXTENDED. This special claim was floated yesterday, by Mr. (J. A. Buttle. The property is situated at Kotnata, and comprises 100 acres. _ It adjoins the Komata section of the Waitekauri mine, the Byron Bay, and the Burbank. The syndicate shares number 80, of which the promoters take 35. Ten are reserved for the company, and the remaining 35 have been taken by the public at £30 each. It is intended ultimately to amalgamate the Byron Bay and the Byron Bay Extended for the purpose of placing the joint properties upon the English market. ' ; TAP FLUKE. The following telegram was received yesterday, by Mr. W. H. Uhurton, from the mine manager of the Tapu Fluke :— Opened new reef six feet wide, showing gold. Good dirt." MATAURA LICENSED HOLDING. A meeting of subscribers in the Mataura Licensed Holding was held yesterday in the office of Mr. W. H. Churton. Mr. Jtio. Abbott presided. It was decided to form a company to be called the Mataura Gold Mining Company (no liability) with a capital ot £15,000, divided into 100,000 shares of 3s each. The following appointments were made;Direotors, Messrs. S. W. Von Sturmer, W. Gorrie, M. Niccol, J. Thornes, and J. Abbott; legal manager, Mr. W. H. Churton; bankers, the Bank of New Zealand ; auditor, Mr. A. H. Taylor; and solicitor, Mr. W. J. Napier. At a meeting of directors held subsequently Mr, Malcolm Niccol was appointed chairman.

CONQUERING HERO. A meeting of shareholders in the Conquering Hero licensed holding was held at the offices of Messrs. Cook and Gray, Queenstreet, yesterday afternoon. It was resolved that a company, with a capital of £8000, in 80,000 shares of 2s each, of which 60,000 shares are to be allotted, and 20,000 held in trust for the company, to be called the Conquering Hero Gold Mining Company (no liability), be formed. Mr. William Gray was appointed legal manager, and the following were elected directors —Messrs H. C. (Jhoyce, R. H. Abbott, J. Walding.jun., J. (Joe, and F. Kneebone ; auditor, Mr. J. T. Stevenson; bankers, the Bank of New Zealand; and solicitor, Mr. M. Neumegen. At a meeting of directors, held immediately afterwards, Mr. K. Edwards, of Coromandel, was appointed mine manager. He was authorised to put on five men at once. NEW ALBURNIA. An extraordinary general meeting of the New Albumia Gold Mining Company was held yesterday afternoon in the large room of the Insurance Buildings. Mr. James Macfarlane presided, and there was a large attendance. Mr. D. G. MacDonnell read the advertisement, and explained the object of the meeting, which was to empower the company to sell the company's property, and to sign necessary deeds. The chairman moved that the directors be empowered to sell the property, and that the arrangements be left in their hands. He said it would be unwise at present to disclose the terms of negotiations, but they were in a general way known to the shareholders, and anyone desiring further information will find it at the office. Mr. J. T. Julian seconded the motion, and it was carried. The. second resolution empowering the directors to sign the necessary deeds of transfer and documents for the transfer of tho property was also carried on the motion of the chairman, seconded by Mr. Julian. There was a discussion as Co why the terms should not be disclosed, but it was withdrawn, and Messrs. Spragg and Clarke, who instituted the inquiry, expressed themsolves satisfied with the explanation offered by the chairman. _^

HEITMAN G.M.00. A largely-attended meeting of the Heitman syndicate was held yesterday in Mr. D. G. MacDonnell's office, Insurance Buildings. Mr. H. Johnston presided. A very satisfactory report was received from Mr. J. McCorable, manager of the Woodstock mine. It was agreed to form a oompany to be called the Heitman Gold Mining Company under the no-liability clauses of the Act of 1894. The capital stock is to be 125,000 shares of 2s 6d each, nil paid up, and of these 100,000 are issued and 25,000 reserved for the oompany. The qualification of directors was fixed at 250 shares. Messrs. H. Johnston, Cantain Smith, J. Endean, H. T. Gorrie, W. J. Geddis, and H. H. Adams were elected directors. Mr. D. G. MacDonnell was elected legal manager, Mr. G. H. Dixon auditor, the Bank of New Zealand bankers, and Mr. G. A. Gribbin solicitor.

PROSPECTING SYNDICATE. At a meeting of members of the Port Charles Prospecting Syndicate, held at the office of Mr. W. Clarke, New Zealand Insurance Buildings, Mr. P. Crowe presided. It was decided to confirm the action of the Kuaotunu shareholders in electing Mr. H. Richards president of the association, and Mr. Courtney secretary. Mr. E. T. Dufaur was elected president to represent the Auckland shareholders. The shares were increased to 60, and it was decided to make a call of 12s per share. WAIOTAHI G.M. CO. The share registers in the Waiotahi Gold Mining Company will be closed from Tuesday next until noon on Friday, on which latter date a dividend of 2s fid per share will be payable. OWHAROA FREEHOLD G.M. CO. Lists will be opened on Tuesday next at the office of Messrs. Cook and Gray, for the Owharoa Freehold Gold Mining Company. It is proposed to issue 150,000 shares of 5s each, 50,000 to be retained by the promoters, and 100,000 to be sold at a premium of £100 per 1000. A limited number of shares it is stated has been reserved for Auckland.

WAITEKAURI KING. The prospectus of this claim will be issued to-day by C. B. Stone. The capital is proposed to be 100,000 shares at 3s each. The claim consists of 40 acres adjoining the Waitekauri No. 4, the Golden Lead, the Jubilee, Waitekauri South, and Ellen Success S.C.

MINING AT WHANGAREI. The mining boom at the Thames seems to have caused people to go ransacking about here, and I hear of discoveries being made in various directions. In one place a Targe reef of stone, supposed to be a kind of limestone, is reported to be lead ore. In a new country like this there is a strong possibility of discovering almost any kind of mineral. When searching for silver at Puhipuhi they discovered antimony and cinnabar, and for all we know the place might become famous for the production of some other mineral that we Know nothing about at present. Mr. French's report on the reefs there has been an eye opener to a good many, and it is quite evident that we have not heard the last of Puhipuhi yet. The coal trade is becoming more brisk. As many as eight vessels may now be seen in the harbour at once, and more trucks are being obtained' for '* the coal;—[Own Correspond dent.] ' ;

MINING AT THE GREAT BARRIER: '. It is well known that the Great Barrier Island is full of mineral lodes. Copper mining was carried on at the Barrier soon after Auckland was founded. Bat the operations broke down, probably much as many mining operations on the Thames have done since, because they were gone about with insufficient capital and imperfect appliances. A considerable portion of the Barrier belongs to an English firm, and negotiations have been opened with them in order that mining might be carried on on a sumcient scale. Mr. M. Fleming has been on the island for about a fortnight, making an examination of the minerals. He has not, we believe, found any gold, but copper and other minerals are there in considerable quantity, ■ : ■

AUCKLAND SHAREMARKET. A healthy tone prevailed on the Stock Exchange yesterday, and good business was done in the mines of the several districts. There was a strong demand throughout the day for Thames stocks, which- in several cases sold at advanced prices. New Alburnia were done at 7s 9d, at which price there were further buyers, with no sellers under Bs. Hazelbanks were also much Bought after, sales taking place at 7s 3d and 7s 6d. Steady business was recorded in May Queens at 12s 9d and 133, and in Victorias at 2s lOd and 2s lid. New Whaus sold at Is 3d and Is 4d, and Sheridans at Is 3d. The highpriced stock in the Upper Thames district were in demand. Silvertons sold at 595, and Talisman at 14s sd, whilst there were buyers of Crowns at 45a, and Woodstocks. at 365. Wealth of Nations sold at 10i<l, Waitekauri No. 4at 3s, and Talisman Extended at 2s 7d. Kapai-Vermonts, as usual, were the most popular of the Kuaotunu stocks, and heavy business was reported at 14s 6d and 14s 9d. Try Flukes were done at 13s 9d, and Waitaias at 4s and 4s 2d. Numerous transactions were reported in Maorilands at Is 3d and Is 4d, there being further buyers at th.* latter figure. Jupiters were done at lis 7d and lis Bd. Of the Coromandel has. Bunker Hills were the most in demand, and sold at 7s; Welcome Finds were done at 4s. All the smaller stocks were in demand at current rates. , There was a good demand for syndicate shares in several of the properties recently floated. Sales of Coromandel Proprietary shares were reported at from £120 to £150 each, whilst scrip changed hands at 3s. Ajaxsoldat the rate of £40 and £45; and Heitman's Freehold, Owharoa {floated at £50), at the rate of £80 to £95 per share. Waihi Proprietary, Waihi Monument, and Cardigan, also sold at a considerable premium.

SHARES BY AUCTION. Messrs. Gabriel Lewis and Co. held a sale of mining scrip yesterday afternoon, when the following sales were effected :—ProgressCastle Rock, lOd ; Waitekauri No. 4,2s 10£ d ; Pukewhaus, Is; Golden Crowns, 9|d ; Waitekauri Queens, 7d; Jessicas, Is 3Jd; Comstocks, 7|d. For a quarter-share in the Coromandel Freehold £30 was offered, at which price it was withdrawn. Mr. R. C. Carr will hold a sale this morning, at eleven o'clock, ~ . ____ MINE MANAGERS' REPORTS. Jupiter (Kuaotunu, September 28).—Mr. Cheal has finished his survey of the Kapai line of reef, and has run it out in the Jupiter ground. 1 will get him to make a sketch of it, so that the position of the reef might be seen. The position now shown is some two or three hundred feet west of the outcrop of quartz showing in the Loram's syndicate ground, and is traversing the highest portion of our ground. If we can pick up the reef near the line shown by survey we shall have considerably more backs than in any other part of the ground. I have decided to do a little surface prospecting before starting any driving, and if possible pick up the reef on the surface, and with this purpose iu view have this morning started the two men on the east and west sides of the line of reef to put in cuttings. In this way I am in hopes of picking up the reef. I could then decide where would be the best place to commence driving. . Golden Fleece (Karangahake).—During the past week the crosscut has been extended a further distance of 10 feet, making a total distance of 44 feet. The country has been a little harder owing to several hard ribs of sandstoue intermixed with quartz stringers and iron veins. The drive in the low level is in a distance of six feet. Monowai Amalgkated (Waiomo).— The drive advancing nortti upon the No. 1 reef is not making the progress that is desired, but this is owing to the very tight character of the lode. The ore coming from ■ the reef is heavily charged with splendid minerals. United (Karangahake, September 28).— We have extended the drive on line of reef a further distance of 12 feet during the week, which makes in all now 95 feet on line of reef. The reef is rather small at present, and there is a great flow of water coming from the face at the present time, so 1 think we ' cannot be a great distance from the winze. . Adelaide (September 30).—We have completed the survey for main shaft. Distance from surface to tunnel level, 291 feet. We have commoncd the excavation for site of main shaft, also site for engine. I expect to have this work completed in another two

days. Alburnia East (September 30).—We have driven 19 feet for the past week, and cat through formation mentioned in my last, and there is still a strong flow of water from the face. Mariner (Karangahake, September 30).— The work in the Eileen section is at present confined to driving on the two crosscuts Nos. 2 and 3, for the purpose of intersecting the main reef at lower levels. The country in the face of both drives is at present favourable, though somewhat hard. In the Mariner section operations are confined to driving one crosscut. Imperial (Karangahake, September 28).— The crosscut is in now a distance af 19 feet, and we have cut a nice body of quartz, which, I think, is the Imperial No. 1 reef. We have not got far into it yet. I have no idea of what size the reef is at present, or the quality of the reef yet for a few days. The winze is down now a distance of 38 feet, and the reef is over four feet thick, and looks exceedingly well. We still continue to get very good prospects out of the stone. Ivanhoe (Karangahake, September 28). During the past three weeks the contractors have extended the low level crosscut 21 feet, making a total of 121 feet. For the last 20 feet the ground came in very hard, making progress slow, but there is a change for the better. In the present face of the drive the ground is much easier to break. New Alburnia (September 30).— drive along the course of Dixon'r reef, at No. 2 level, is now fully manned, three shifts, going east, also a leading stope is being carried along behind the drive. The reef averages fully four feet in thickness, carrying a fair class of minerals, and a little gold is occasionally seen. No. 1 level The drive going east is still being extended. The reef for the last few feet has been of a clay formation, with rubbly quartz. It is the intention to commence atoning operations here shortly. Tributers at Clunes level finished up on Saturday, 28th, for a return of llozs gold. The battery was started to-day on behalf of the oompany, on ore from Nos. 1 and 2 levels. Golden Lead (Coromandel, October 2). — Since last report a distance of 30 feet has been driven in the new crosscut ; the country looks well, and we have the mineral head in hand. From 20 to 30 feet more driving should cut the reef. Mr. Robsoia and Mr. Hornibrooke have inspected the mine, and seem well satisfied. Stanley (Karangahake, September 30).— The low level crosscut has been extended a distance of 10 feet for the week, making a total distance of 353 feet. In the early part of the week we cut through a leader lour inches in thickness, having a westerly underlie, which I consider to be a dropper from the main reef. There is a decided change for the better in the class of country now being penetrated in the crosscut, and should the reef be out in this belt of country there is little doubt but it will carry something payable. Red Gauntlet (Karangahake, October 1). The drive has been extended 16 feet for the fortnight, making a total of 166 feet. The reef is about 18 inches in thickness, but does not improve in appearance. Hauraki Extended (Coromandel, September 30).— During the week, the main tunnel has been extended 11 feet, making a total of 151 feet driven. The country is all that could be desired for gold. The face, at present, is interspersed with small mineral veins, also flint bars, which is the very best indication for gold in this locality. A few leet further ahead, a reef should be met with, and if the present class of country continues, favourable results may be looked for. Hauraki South (Coromandel).—lntermediate: This drive has been carried a further distance of 10 feet on the No. 1 reef, which is small, but carries a little gold. Low level: The faoe in this level was reached this week, 380 feet from the mouth of the tunnel.