NEW ALBURNIA.

New Zealand Herald, Volume XXXIII, Issue 10111, 21 April 1896, Page 6

NEW ALBURNIA.

THE LONDON FLOTATION. INSTALMENT OB CASH PAID. As will be seen in our cable columns, confirmation has been received, through ordinary news chaunels, of the registration of the New Albumin Company in London. Tho capital etated in the cablegram referred to is £100,000. This is evidently a mistake, as the terms) submitted and accepted, afterwards again confirmed by private cable, stated the capital of the company to be £'200,000. Ot this local shareholders get 60,000 shares fully paid up to £1 and £10,000 cash, equal, as already stated, after paying liabilities, commissions, etc., to a dividend of from 2s .'id to 2s Gil per share. Yesterday the sum of £1000 was paid by cable into the Bauk of New Zealand, in Auckland, to the credit of the New Albumin shareholders, making £'2000 paid on account of the purchase. Some misconception appears to have arisen as to this payment; it wiis not, a deposit for option, the £'2000 being first payment on account of the £10,000 cash to lie paid , to beat shareholders. As already announced, cablet; u advise that the whole of the capital iuts been provided; the allotment to the public takes place to-mor-row, the '22nd, in London. NORTH-HARBOUR VIEW-HARBOUR VIEW EXTENDED. A cablegram was received yesterday by Mr. J. H. Harrison stating that the Harbour View. Harbour View Extended, and the North mining properties, which had been jointly placed under oiler in London, could, subject to confirmation of reports bv Captain Argall, be successfully floated. The three mines adjoin each other at Coromiindel. The terms of flotation are that the vendors are to receive 50,000 fully paid-up shares and £2000 cash, and that a cash working capital of £lf>,ooo ami a reserve working capital of £15,0 iX) are to ho provided out of a total capital of £150,000. BULLION SHIPMENT. The Bank of New South Wales shipped to Sydney, by the Anglian, yesterday, one box of bullion, valued at £1407. AUCKLAND SHARE.MARKET. Business was brisker yesterday on the Ancklr.nd Sharemarket. There were a good number of buyers, with but a small proportion of sellers. Thames mining stocks were, dealt in considerably. Cardigans were exchanged at Is Gd, with an unsatisfied demand, and a distinct upward tendency. Hazeltanks were doue at from 3s 7d to 4s; MonowaisatSs; New Alburmas, at from os id to 5s 7d; Moanataiaris, at l'2s and 11s 10d, remaining steady; while New Whans were in call at from 9d to lid. Kapai-Vermonts were done at 7s 9d, with sellers rc 8s 3d; Kuiiotunus at Is 0d; and Maorilands at lid, with firm buyers in the two latter cases. In the Upper Thames list, Imperials were, in the afternoon, in strong request, and there were transfers at Is Gil and Is 7d, with further buyers at Is 5d and no sellers under Is Ud. Waihi Extendeds again received n lot of attention. In the higherpriced Upper Thames stocks there were exchanges in Talismans at \U 9d, and Woodstocks at '21s. Bunker's Hills ugain recovered a little, there beini; sales at 7s, with buyers, however, at the close at (i.-s Oil, and sellers 7s. Business in Coromandels also was done in Uauraki No. 2*s, Harbour Views, ProgressC/iisrle Rocks, Pride of Tokateus, and Zealaudias,

FREE EXCHANGE. The following sales were effected yesterday ad the Free Stock Exchange :—New Wliaus, u>l, 9Jd, 10d; Uomstocks, ud; Huanuis, Is "J.Jd; Ivanhoes, 9il; Sterlings, ll.jd: Jewels, 3d, paid up to Is, and 3d contributing ; Waihi Dredging Co., 4sd; Cvimge, Ud ; Mount Aurums, 4td ; North, U\d; Coromandel Freehold Proprietary, Is iJ.VI; Buffalos, 5M ; Princess May, 4Jd. There were buyers a3 follows :— Moiinataiari Extended, 4sd; May Queen Extended, od ; Freedom, MU ; Cardigan, Is 6d; Scandinavian, 7d; PurnConsolidated, Is; Alpha, Us KM; Golden Fleece, Sd; Grace Darling, Is 7d ; Imperial, 1* ud ; Ivnnhoe, 7Jd; Mew Zealander.OM; Sterling, lid; Talisman 9s Jd ; Sovereign, Is; Waihi Consols, Is Id ; Jewel, 5d (paid up Is); lid (contributing); Mangakari United, 7d; Talisman Extended, Is 'M\ ; Waitekauri No. 2.7 d; Waitekauri South,4d; Waihi Extended, la; Waverley, Is; Young New Zealand, liiSd; Waitekauri Queen, 3d ; Byron Hay, IOU ; Teutonic, 3.} d ; Queen of Waihi, 2s3d; British Empire, sd; lnvicta, 'JJd ; Golden Anchor, Sd; Kr.aottiim, Is 3d; Golden Link, 7d; Carnage, 3d: Prospects, 3d ; Mount Aurum, 4d ; Monarch of All, 3id; Bunker's Hill, «i 7d; Golden Bill, 2d; Harbour View, lid ; Hauraki No. 2, Is; Hauraki .South, Is 3*t; New Golconda, Is; New Tokaten, 9d; Pride of Tokatea, Is Id; North, lil; Coromandel Freehold Proprietary, Is ( Jd; Fonr-in-Hancl, Is; Progress Castle Rock, 4£d; Princess May, 4d.

MINING ITEMS. A call of Id per share has fioen made in the Midas Gold Mining Company. All shares in the Aiburnia East, Imperial, and Wealth of Nations Gold Mining Companies on which the calls due and payable have not been paid, have been forfeited, and will be sold by public auction as notified elsewhere.

The ordinary general meeting of the Wealth of Nations Gold Mining Company will he held in the New Zealand Insurance Buildings on the 29th inst., at eleven a.m.

The half-yearly general meetings of the Inglewood, Jupiter, and Adelaide Gold Mining Companies will be held in the New Zealand Insurance Buildings on the 2iJth instant, at 10 a.m., 10.30 a.m., and 11.30 a.m. respectively. The Kia-ora and Esmeralda Gold Mining Syndicates of Ohui, Tairua, invite alternative tenders for either two permanent levels or two prospecting drives in the property. MINE MANAGERS' REPORTS.

Maori Dkkam (Kuaotunu, April IS).—Tho crosscut is in excellent sandstone country. The reef must have taken a much greater underlie, as we are now 12 feet past the perpendicular. Midas (Knnotunu, April 18).— Tho rise has holed through to tho surface drive. New Low l«vcl crosscut: Tho same excellent class of sandstone exists.

.lu.vo (Knaotunu, April 17).—Low levol drive. Prospects are better from here. At present there ia just the bare colour of gold in Mie winze.

Haukaki No. 2 (Coromandel, April 17).— No change in the ground to report. WykvardTOS (Coromandel, April 18).Sinkiiij,' will be at n standstill for a few days, until pump bus been placed in position. BRITANNIA (Coromandel, April 17).— Owing to the ground coming so heavy on eight or nine sets in the shaft, have had to put the men to work casing the ground from behind them.

Invicta (Kuaotumi, April 17). — Winze in the low level : Reef is improving in appearance as we ;<o down, it is about two feet in width, composed of nico kindly - looking quartz mixed with flint. When breaking down to-day a few colours and blotches of gold were seen. No. '2 level : The reef here is rather mixed up with the Hint, some of the ribs of quartz prospect fairly well with the dish, and a few colours nt gold are occasionally seen in the stone. Mount Auhum (Iliuotunu, April 17).Siirfncc drive extended through a very favourable, class of country H»ve also discovered a reef about one foot in thickness which lnokn very promising, * GnF.AT United (Kuaocunu, April 17).— The country is still hard, and small stringers of quartz have been met with. Prospect (liuaotium, April 18).— air has been very light in the low level. A further distance of 47 feet has to be driven to intersect No. 4 reet. ; this is the reef which the winze is junk on. Buffalo (Coromandel, April 17).— in the early part of the week the leader did not look so well, and only showed gold occasionally, but is again improving ; this afternoon, when taking down the leader good crushing dirt was the result, Nokkn'a (Kunntumi, April 17).—The drive extended totiil distance of OIJ feet. Try Fluke (Kuaotnnii, April 18). -The country at the present time is rather tight; the lode is about 18 inches thick, and continues to carry a little gold. Balfoiir (Kuaotunu, April 17). — Now crouautting in another portion of the mine, where indications of a lode show on the surface. '

Jui'iTKß (Kuaotunu, April 18).— The country is very kindly for fjuld-bearing lodes. Al (Kuaotuini, April 18).-The reef in the face is about a foot in thickness, and the country very favourable. Mountain Flower (Kua6tunu, April 17). —No. 1 crosscut been extended a total of 324 feet; No. 2 crosscut total -10 feet. MaorHiA»d (Ktittotiimi, April 18).-Wc.se crosscut: The country still of a favourable nature, JJluck Jack section ; No change to report. KURKKA (Coromaml«l, April 18).-The reef is nine inches wide, and gives good prospects by wiishiuir. GuDYß(Kiiaotunn, April 18).—The winze: The sandstone is of a very fine description and excellent in character. Tho reef is six inches wide, and prospects equal to luilwt per ton. i Bdnker's Hilt, (Coromandel, April 17).— Fourth stope, S.K.: The leader is smalt hut continues to show gold at each breaking down. Intermediate drive from the winze : The quartz broken during the week is of & kindly description, showing pood mineral indications. Main shaft: Continues to penetrate a splendid class of country. CoNQDKaiNO Hi;ro (Coromandel), - Cut coarse gold in Sootty's reef, 3 feet.