THE GOLDFIELDS.

New Zealand Herald, Volume XXXIII, Issue 10132, 15 May 1896, Page 5

THE GOLDFIELDS.

! If* TELEGRAPH.—OWN CORRESPONDENTS,] ' ! ' ' Thames, Thursday. Shasemarkbt. £■' Cambria, . sales, Is . 6d, sellers la . Bd, buyers Is 5d j Imperial,' •ales Is 3d, Is ' 4d,. sellers Is 0d ; May Queen, sellers 7s 6d; May • Queen Extended, sales fljd, sellers 7d ; Moanstalari sellers, lis j New . Whau, buyers Bdj Sheridan, sales Is fid, sellers la 6d j Talisman, sellers Us; Victoria, sellers 3sßd; Welcome Find* sellers 2i Od } Zoaandift, sales is lid. [ Couwir Watkr-raok.—The repairs to this race are not yet completed, consequently the batteries are still idle, Bio Pump.—Pumping operations were brought to a standstill this morning in order , to prepare for the annual boiler inspection by Mr. Jobson, who is expected on Tuesday next, , Pakroa, Thursday.. Jubilee.—A staff of 43 men is now engaged in various works connected with this company's operations, and matters are beginning to assume a lively aspect. The low level is being pushed ahead expeditiously, and at the present 'time a much bettor class of sandstone is being penetrated, w(iile a good deal of water is issuing from the face of the drive, and hopes are entertained that a lode is not far distant. In connection with the Moonstone level, operations in the face had to be suspended owing to the want of mining timber, the bad roads preventing the necessary supply coming;, to hand, Repairs to the road are, however, in progress, and it is anticipated that these will be completed shortly, and allow the conveyance of timber to proceed. Work at the kilns, dam, and battery is also proceeding satisfactorily, operations At the latter place being under the supervision of Mr. Somerville. In the Jubilee Extended ground operations in,, the No. 1 drive wore rather disappointing, and as a consequence the men are now to bo removed to a point 700 feet more to tho south, when the same lode will be tested. A better class of quartz as far as appearances go is being won from the No.. 2 drive on the same reef, but even here the assays are not of a satisfactory nature.

BROKERS' ASSOCIATION AT PAEROA.

WARDEN'S COURT, TE AROHA.

THAMES-HAURAKI Q.M. CO.

CHAMBER OP MINES.

Paeroa, Thursday. In consequence of a large number of people in the up-country district now investing in various wines of the goldfields, the want of a brokers' association has been severely felt, but this Want is now to be supplied, as at a meeting of established sharebrokers in Paeroa to-day it was decided to form an association, to be called the Ohinciuuri Brokers' .Association, the foundation members to consist of Messrs. J. H. Flouring, J. Phillips, R. Walker, R. Gooch, and T. H. Wilson. Another meeting havir,,; the same object) was called an hour later at Mr. Shaw's Commercial Hotel, but collapsed, the only two in attendance being Messrs, My era and Edwards. The formation of a Brokers' Association is, however, considered a step in the right direction, as it will facilitate considerably the transference of shares between buyer and seller. A share list is to be issued daily giving the ruling prices.

Paeroa, Thursday. The usual monthly sitting of the Te Aroha Warden's Court was to have been held this afternoon, but owing to the absence of Mr. Bush, the Warden, the Court had to bo adjourned; consequently applications will be dealt with at the, next sitting of the Paeroa Court.

ZEAL AND! A. Negotiations are in progress for the flotation of the Zealandia property. The directors have been asked to state terms of sale.

ALPHA. Information has been received from London, that the negotiations for the flotation tion of the Alpha property are proceeding satisfactorily.

CARDIGAN.

OFFER TO PURCHASE.

Au offer has been received for the floatation ol the Cardigan. This is under consideration by.the directors. It is understood that the matter simply rests on a minor point.

GOLDEN ANCHOR,

The directors of the Golden Anchor Gold Mining Company met yesterday at the office of Mr. -1. B. Harrison, for the consideration of an offer made by Mr. Duncan E. Clerk for the flotation of the property. It was decided to further develop the property before entering upon the consideration of settlement of terms.

. WAITEKAURI KING. The following notice was posted yesterday, by Mr. E. Park Homo" Waitekauri King, A cablegram has been received. stating that the promoters will pay deposit on receiving power of attorney and certified copy of license." The following cable has been sent by Messrs. Whitaker and Baume : —" Power of attorney posted for Waitekauri King; titles, perfect. Cable deposit."

JUPITER G.M. CO. An extraordinary general meeting of shareholders in the Jupiter Gold Mining Company (No Liability) was held at the office of the manager, Mr. H. Gilfillan, Jun., New Zealand Insurance Buildings, yesterday afternoon, Mr. Seymour Thorno Geoage, chairman of directors, presided. The meeting was called for the purpose of authorising the directors to sell the property of the company and to execute all necessary deeds, etc. The Chairman, in moving the resolutions, stated that the direotora had thoroughly considered the matter, and asked the shareholders to give thorn complete power. Only a fortnight back, his London agent had cabled a direct offer for the property, but as the directors had not considered tho terms sufficient, it had been refused. Another strong syndicate purposed inspecting the property next week, and in all probability ft sale, on satisfactory tnrms, wonld be the outcome. Thi resolutions, as moved, were seconded by Mr. Johnson, And carried.

The English Company who lvavo purchased the Queen of .Beauty and adjoining mines at the Thames are displaying great activity. The shaft has already been stripped to ft depth of 100 feet, the storage depth obtained being four seta, or about 18 feet per week. Yesterday Mr. Dunlop, who is supervising operations for the English company, completed » eontraot with the Kauri Timber Company for the timber required for the shaft. The dimensions are suoh as to ahow that the solidity and safety are of first con--1 sidei'fttion. The contract was signed yesterday by Mr. Blair, on behalf of the Kauri Timber Company, for the following timbers: —416 pieces, 20 feet long, 16 inches by 12 inches; 416 pieces, 11 feet 6 inches long, 16 by 12; 204 pieces, 14 feet long, 12 by 12; 208 pieces, 9 feet long, 12 by 8; 32 pieces, 20 feet long, SO by 24; 4528 pieoes, 18 teet long, oby 2; 1716 pieces, 18 feet long, 9by 1; 320 nioces, 12 feet long, 9 by 4. Total, 454,254 feet of timber. The contract price is 12a 6d per 100 feet. >

A meeting of the committee of the Chamber of Mines was held yesterday afternoon, Mr. S. T. George presiding. There were also present) Messrs. M. Clark, J. Maofavlaue, W. Gorrie, T. Morrin, E. M. Corbett, A Kldd, 6. Aickin, W. H. Bloomfield, H. Brett, Colonel Burton, J. Chambers, and Stoue. The report of the Plans Committee as to arrangements for lithographed plans and the royalty of Is to be charged by the Chamber, as well as commission, was adopted. Bearers' Warrants. — The Hon. Mr. Cadman, Minister of Mines, acknowledged receipt of a letter from the Chamber, suggesting that authority may be Bought to be obtained during the ensuing session for the issue of 11 warrants to bearer" instead of scrip in case of mining companies registered under the No Liability clauses of the Mining Companies' Act, In reply he stated the Government, had given careful consideration to the proposal cut for various reasons it was not thought desirable to proceed in the matter as suggested, one objection being that the stamp revenue would materially suffer by the proposed change, but to what extent it was' impossible to form an estimate, as there was no means of foretelling what transactions may at any particular time take place in respect to the stook of any particular company. The letter was laid nn the table. Finance.— balance-sheet showed expenses account, £308 8s 8d; paid on account of premisesj £223 Os M; balance, £1112s Id : total, £543 Is 6d. Receipts: Members subscriptions. £218 Is ; companies, £259 148 j rent, £59 lis 6d ,* other sources, £515s ; total, £543 Is W. t The report was adopted. ; '„ Misoeixankous.—Messrs, J. A, Pond and D. B. McDonald were elected members of the committee, : The chairman announced that incompliance with the request of the Chamber, the Government had consented to keep open the Paeroa telegraph office

Ila the evenini? i 'Mr.'- Porter wrote regarding the establishment, of an office in London, but i the ■ Chairman pointed out that they.; had : arranged ■< for transacting, their business through 'ha Agent-General s office. Mr, J). 6. : : Ma6i)bongll drew item, tion to cectsioba 16 and 17 of the Mining Act, 1895, providing for forfeiture of land W respect of which rent ;or license' fee remains unpaid for twelve months, and that such ground shall be open for application without the necessity of taking any Proceedings to hare such claim or holding forfeited, The matter was, after a short discussion, referred to theGoldfields Committee. . 1 '

AUCKLAND STOCK AND SHARE- '' BROKERS' ASSOCIATION. Additional activity was evidenced yesterday at the meetings of the Auckland Stock and Sharebrokera' Association, and in some stocks the transfers were very heavy, New Zealand Insurances changed hands at 745, with further buyers,' and there were buyers in many other investment lines at firm rates without terms being oome to, 111 mining stocks Cambrias and Cardigans were hard; Kapai-Vermonts saw steady offers after sales at 8s id. There' was a rush for Alphas, and business was done from Gs to 7s 3d, with further buyers at 7s. Later on, however, .offers at 7s 3d were refused, ' Crowns were transferred at 37s 3d and 38s, closing practically unchanged; Talismans at from 13s to 13a 4d saw good business Wailii-Silvertons, at 76s 6tl, with demand at 75a; and Woodstooks, from 26s to 275, with further buyers at 28s 9d ; Bunker's Hills were done at 7s 4d, with further buyers Zealmidias, Four-in-Handa, and Hauraki No. 2's were in request.

GENERAL MINING ITEMS. It is notified elsewhere that all shares in the Huanui Gold Mining Company on which the calls due on the 11th March last remain 'unpaid have been forfeited, and Will be sold by public auction. ' An extraordinary meeting of the Aorere Gold Mining Company will be held at the Chamber of Mines, on the sth June, at eleven o'clock a.m. A general meeting of the Rising Sun Gold Mining Company will be held at the Bank of New Zealand buildings, to day, at half-past eleven a.m. An extraordinary meeting of the Mangakara Gold Mining Company will be hold at the Bank of New Zealand buildings, to-day, at half-past two p.m. i A call of twopence per share has been made In the Waitekaurt No. 4 Gold Mining Company, , . The Wajtekauri United Gold Mining Company invite applications for the post of mine manager.

MINE MANAGERS REPORTS. City op London (Thames).-There is a change for the better. The reef in the rise has sgain opened out to a strong body of quartz over two feet in thickness, and in breaking down on Saturday some nice colours of gold were seen, Golden Fleece (Karnngahake, May 11). — Main reef: We are still driving on the footwail portion of the reef, and have token out about three feet of quartz, The stone Is of a kindly nature, and shows a little gold by dish prospecting, St. Patrick reef: Have cut through the body of quartz and it is about 18 inches in thickness. The reef we are driving on still continues its course and is about two feet six inches in width. Progress-Castle Rook (Corotnandel, May 13).—Low level: The country is pretty hard at present, and the reef is a little pinched. Golden Point (Tapu, May 11).—The crosscut leading from the chamber with the object of intersecting Bull's lode is still penetrating a splendid description of kindly country highly charged with pyrites and interlaced with veins of quartz. Conservative (Thames, May 11).—how level tunnel has been extended through firstclass sandstone country for gold. In about 60 feet further driving we will be under the large reef showing on surface, and gave about 170 feet backs. Eureka (May 12).-Low level: The reef continues the same size, and the prospects are about the same. We should be under the run of gold in a fortnight.