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New Zealand Herald, Volume XXXV, Issue 10837, 22 August 1898, Page 6

Ox Saturday the demand for investment stocks showed a slight falling off, though insurance lines were in good request at late quotations. Auckland Gas (old issue) were asked for at £13 12s 6d, but sellers declined to come lower than £13 17s 6d. Devonport Ferrys, Northern Steams, Hikurangi Coals, and New Zealand Drugs were asked for at late quotations. Union Oils were in demand at 17s 6d, Northern Boots at 9s 3d, and Ralph's Taupiri Coals at ss. In mining there was little change. New Zealand Talismans hardened, and could have been placed at 9s 3d, but sellers declined to accept less than 10s. Crowns also advanced, and were asked for at 16s 6d, while Grand Junctions were wanted at 15s 6d, Waitekauris 22s 6d, and Woodstock's 7s 6d. Barrier Reefs (paid-up) were in demand at Is 3d. In Thames lines May Queen Haurakis were wanted at 5s 2d (sellers 5s 6d), New Alburnias tit 2s, Kuranuis at 3jd, and Victorias at the same price. In Coromandel lines Four-in-Hands, Progress-Castle Rocks, and Matawais were the most favoured scrip, In; sellers declined to accept buyers' quotations. PURU CONSOLIDATED G.M. CO. Tim dam lias been repaired, and work was resumed at the battery last week. Ten stampers are now fully employed, and as tiie prospects of this property are said to be improving, the returns from subsequent crushings should be more satisfactory than those from the ore put through for the initial crushing. AROHA G.M. CO. AN OPTION GRANTED. A three months' option lias been granted over portion of the -iroba Gold Mining Company's property at Waioronjjornai, the option-holder being the Rev. J. Campbell, as representative of the Montezuma Company. It will be remembered that the Aroha Company recently went into liquidation. The option includes the Premier and New Find properties, battery, cyanide plant, water-races, tramways, laboratories, ctc., as a going concern. This leaves the Arona Company with the main low level tunnel, high level water-race aircompressing plant, etc., which are being advertised for sale. GOLDEN LEAD G.M. CO. At a meeting of directors of the above company it was decided to grant applications for tributes over certain portions of Hall's Creek special claim. The company are to receive the following percentages on the gross proceeds of crushings, viz.: —10 per cent, up to £2 per ton ; 15 per cent., over £2 and not exceeding £3 per ton ; and 20 per cent, for all over £13 par ton. The other conditions imposed are as usual ; the tribute!* having also to comply with the labour conditions, and man the mine in accordance with legislative provisions. HAURAKI G.M. CO. 200 TONS YIELD £1274. [BY TELEGRAPH.—OWN CORRESPONDENT/! Coiiomandel, Saturday. The Hauraki Company crushed 200 tons of general quartz, and treated 2671b of picked ore for 437 lldwt melted bullion, realising £1274 7s 3d. KAI'ANGA RETURNS. [bt telegraph.OWN CORRESPONDENT.] Coromandel, Saturday. The Kapanga Company crushed 10 tons quartz and 141b picked stone for 16oz re-' torted bullion, estimated value £45. The tributes obtained 230z 9dwt retorted bullion from two tons quartz and 171b picked stone, of the estimated value of £56. THAMES SHAREMARKET. [FEOM out OW.\* COItHESI'ONDKNT.] Thames, Saturday. Kuranui-Calcdonian, sellers Is 3d; Maliara Royal, buyers 2s 3d ; Moanataiari, sellers 4s; Monowai, sellers 5s 6d; New Alburnia, sales 2s; New Whau, sellers 2d; Tararu Creek, sellers 2s 3d; Victoria, buyers 3jd; Broken Hill, sellers 4d; Komata Reefs, sellers 3s 3d; Waihi Consols, sellers 3d, buyers 2d ; Nonpareil, buyers 2d.

NEWS FROM THE MINES. [FROM OCR OWN" CORRKSI'O.VDEN'T.] Thames, Saturday. EUItANUI. The work of opening up Hunt's reef in the surface crosscut is advancing very satisfactorily, a length of 10ft being now driven on its course hillward, and 18ft seaward. The reef averages fully lit in thickness, is encased in an excellent class of sandstone country, and during the last two or three breakings down has shown considerable improvement in quality, the mineral indications being such as to expect meeting with the precious metal at any moment. As yet, however, no gold has been seen, but the ore is being saved for treatment. THAMES IIAI'RAKt. * At the present juncture, work in connection with this company's new pumping plant is confined principally to fitting together the different parts of the machinery. During the past week good progress has been made with the condensing, feed, and air pump parts, and one of the large quadrants, weighing 23 tons, has been placed in position at the top of the shaft, and the other is now being attended to. In the shaft a start has ueen made to prepare for placing the columns and rods,in position for the next set of plungers Below the 327 ft level, and men are also at work enlarging and timbering the chamber at the old No. 6 level. Everything possible is being attended to, with the view of bringing the plant to a state of completion as rapidly as possible, although there still remains a considerable amount of work to accomplish before everything will be in readiness to start pumping water from the shaft. At the Deep Sinker section there is no change to note in either of the two prospecting crosscuts. Both are being continuously pushed ahead, but as yet no important developments have occurred. OTAGO GOLD DREDGING. [BY TKI.KORAPH.— ASSOCIATION.] 1 Duxkdix. Sunday. The following dredging returns are to hand : —Golden Beach, llloz 16dwt lgr gold (for 116j hours' dredging) ; Clyde, 83oz (for week) ; Golden Treasure, 350z ; Otago, 350z; Dune-din, 14ln;; ; Alpine, 2030z (for live (lavs).

MINE MANAGERS' REPORTS. I To Puke Gold Reefs (Te Puke, August 14): For the week have driven 32ft, making total distance driven 162 ft. Continue to meet small stringers, and the country rock is of good quality. The No. 1 reef cannot bo far away. Barrier Reefs (Great Barrier, August 18): We have Lad severe wind and rain storms the past two weeks, and the creeks have been flooded. Many slips of rock have' occurred on our roads, tracks, and about the Works, and considerable damage has been done. This has now been repairel. On Friday men were put on, and driving begun east and west on the reef at the 690 station in the adit. The three seams of quartz are spreading more as we go to the eastward. The west face is 6ft from side of adit, in solid quartz, over Ift in width, the three seams having formed a junction to make the one reef. Quartz looks well in both faces.