THE GOLDEIELDS.

New Zealand Herald, Volume XXXV, Issue 10836, 20 August 1898, Page 3

THE GOLDEIELDS.

AUCKLAND SHAREMARKET. About the usual number of buyers appeared yesterday, but on the whole the market showed a slight improvement. In investment stocks New Zealand Insurance firmed, and saw business at £3 ss. South British also advanced, and could have been placed at £2 9s, sellers declining to quote. Auckland Gas were in demand at for old issue £13 12s 6d, and last call £13 10s; and for new issue £9 10s. New Zeahind Drugs showed a decline, best buyers offering £1 16s 6d for £1 10s shares, which sellers declined to accept. Miscellaneous lines were in demand at late quotations. In mining, New Zealand Talismans were exchanged at 9s, and at the close were in demand at this rate, sellers holding for 9s 6d. For Waitckauris £1 2s 6d was the best offer, but sellers held for £1 7s. Crowns were asked for at 16s 6d, Woodstocks 7s 6d, Alphas 2s Id, and for Komata Reels, which showed a decline, 2s was offered. New Albumins, which have weakened of late, recovered somewhat, and were placed at 2s and 2s Id, and at the close were in good demand at Is lid, sellers holding for 2s 3d. Tararu Creeks showed an improvement, and were placed at 2s. Low-priced scrip showed no material change.

MOUNT DAVID G.M. CO. (N.S.W.). Mr. Harper has received the following cable from Mr. Stanley, one of the directors of the above mine, as follows:— tons crushed for 601oz melted gold ; value £24,507.'' UrtLANDO G.M. CO. The crushing of one load of quartz from the Orlando mine has been completed for a return of 13oz 13dwt retorted gold, valued at £42 4s lOd. THAMES SHAREMARKET. [by tklegkavu.—own correspondent,] Tiiajiks, Friday. Kurauui Caledonian, sellers Is 3d : I\uianui, sellers 6d; Mahara Royal, buyers 2s 3d; May Queen-Hauraki, buyers 5s 2d; Moanataiari, sellers 4s ; Monowai, sellers 5s 6d ; Mew Albumin, buyers Is 9(1; New Whau, sellers 2d; Tararu Creek, sellers 2s 3d ; Victoria, buyers 3Jd ; Komata Reefs, sellers 3s 3d ; New Zealand Crown Mines, buyers 16s 3d ; Waihi Consols, sellers 3d, buyers 2d. NEWS FROM THE MINES. [BY TELEGRAM.— CORRESPONDENTS.] Thames, Friday. NONI'ARI'H.. Black and party, tributers, upon the Liverpool reef in the western block, have secured 4oz 19dwt of gold, valued at £14 2s 6d, from a crushing of nine loads of general dirt. MAY QTJKEN" HAURAKI. The prospects of the slopes above No. 6 level, Saxon section, maintain a general uniformity throughout, the general ore coming to hand at the present time being of about the same quality as that obtained for several months past. Altogether a block about 375 ft in length is being sloped, the reef averaging a foot in thickness, although it is considerably larger in the western section of the stopes than it is in the eastern end. The supply of ore forthcoming is sufficient to keep 22 head of stampers employed at the company's mill on a shift of eight hours per diem, the other 10 head being given up to public crushing. The eastern drive upon No. 1 reef, at No. 6 level, is still being pushed ahead with the aid of the rock drill. This latter drive is now in a distance of about 300 ft from the main crosscut, but so far the reef has proved of comparatively little value. There is still, however, a distance of 200 ft to drive before meeting the main break. CoROMANim, Friday. I'OHUTU COMPANY. The general manager of this company (jut. Reynolds) informs me that he has made arrangements for the erection, on the mine, of a two-head Trcmain steam stamp from Gates. Iron Works, Chicago, which will be equivalent to about five head of ordinary crushing plant. It will be erected within a fortnight, some of the machinery being already on the ground. With this small plant it is" intended to thoroughly test the value of the various lodes in the property, and, if favourable returns result, provision lias been made for the erection of a ten head, up-to-date, crushing plant, to be driven by water power, of which there is ample available. It may be mentioned that arrangements bad been made for the treatment of 50 tons of ore at Scotty's battery, but after a few loads had been conveyed there the condition of the roads made it expedient to abandon this, and the erection of the testing plant was decided upon.