THE GOLDFIELDS.

New Zealand Herald, Volume XXXIV, Issue 10901, 4 November 1898, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. The market yesterday showed no materia change In standards, National Ban. were asked for at 465, but holders still declined to quote. NewZealan I— was Sert dSedtTquit at these rates. New Zealand and River Plates firmed, and could have been sold at to 4d, 1«V ®°"*j DO quoted sellers at less than 18s >01® era and Devonport Steams were in dffli St late quotations; Balp>>* (which have been easier of late) at 4s M, Wellington Woollens at 95s 6d, and Jfayd Woollens (for which a demand set in at the last call) at 90s. In "S S were weaker. Buyers offered 5s 6d but though sellers were quoted at 7s, and dropped to 6s 6d, they declined to go lower than the last-mentioned figure. May Queens could have been placed at 4s ad and Tararu Creeks (which showed a decline) at Is 6d. New Alburnias were done at 2s. In Ohinemuri lines Wafliis were still in demand at £4 2s 6d; sellers £5. ew Zealand Talismans were in request at lus 8d and 10s 9d, but there were no quoted sellers at less than 10s 3d. Jor Vkoed" stocks 9s 3d was offered, for Waihi-Silver-tons 5s lOd, and for Alphas 2s 6d. Grand Junctions were offered at 17s, but no sellers appeared. In Coromande! lines, Bunker's Hills were placed at Is 3d, and at the close there were further buyers at the figure quoted, sellers holding for Is 4d. Four-in-Hands were wanted at Is, Royal Oaks at Is 2d, and low-priced lines at late quotations. Barrier Reefs (paid-tip) were in request at Ss 2d.

NEW ZEALAND TALISMAN.

THE STEAM AUXILIARY PLANT. It will be remembered that after the experience of the last dry season the Talisman Gold Mining Company decided tc erect an auxiliary steam plant, so that the battery would not be hung up during the summer months on account of scarcity of water. An 80 horse-power engine and boiler have now been placed in position, and will be completed and able to work within a month. This will enable the company to continue regular crushings, md will prevent the recurrence of any of the irritating delays that occurred during the last dry season.

HAURAKI ASSOCIATED G.M. CO.

Work on the above company's property is progressing satisfactorily. From the footwall stopes, No. 1 block, excellent ore was won in the early part of the week, though at present it is poorer again, the country encasing lead being most unfavourable for working and gold. In the Royal Oak crosscut another stringer lias been cut, and it is intended to open out on both these as soon as tho drive reaches the boundary. At the Rainbow end lead, a little gold has been seen during the week. No. 3 level is now in 512 ft, and the country is much harder and progress slower.

WITANGAMATA PROPRIETARY G.M.

CO. No further details arc to hand regarding the raising of further capital for the continuation of work on the above company's property, and the erection of the crushing plant, which, as before stated, is to consist of Krnpjp mills. It is not anticipated that any difficulty will be experienced in raising the necessary capital, as the prospects of the property are said to have improved considerably of late.

! ROYAL STANDARD G.M. CO. A rumour was yesterday current to the effect that the development work on the above company's property had resulted so unsatisfactorily that the directors had decided not to continue operations. In the absence of the representatives of the company, who are at the mine at Wliarikirauponga, it was impossible yesterday to obtain any official information as to the future intentions of the company. When the company's attorney was last in Auckland, however, he was seen by a Hkrald reporter, and lie informed our representative that it v as intended to raise an additional £15,000, for the puirpose of opening up the mine, and proceeding with the orection of a crushing plant, so the probabilities are that there is no truth in the rumour. I

FORTUNA-HAURAKI G.M. CO.

EXPERIMENTAL CRUSHINGS TO COMMENCE THIS MONTH. The erection of the five-stamper battery on the above company's property lias been practically completed, and it is expected that crushing operations will be commenced about the middle of this month. A few details have yet to be attended to, but the battery should soon bo working. The ore will be crushed wet. It is not intended to commence permanent crushing operations 5 a series of 1 experiments arc to be conducted under the superintendence of Messrs. A. P. and H. D. Griffiths until the most efficacious method of treating the ore has been decided upon, when, it is understood, the crushing capacity of the battery will be increased, and permanent milling operations proceeded with.

THE STREATFIELD GOLD-SAYING PROCESS.

FURTHER EXPERIMENTS TO BE CONDUCTED. in H Ja T y tlle P res ? nt year experiments StreaLw ?°f 2013 b) ' means of the Streatfeld gold-saving process were condMr A t wl r,itl ii Under the dil ' ecfcion 01 Mr. A. h. Walker, the representative of the company, ihe result of the experiments was an extraction of between 40 and 50 pe cent., but the general opinion was expressed that preliminary tests should have been made b fore any , public exhibition was gfven Since then, however, experiments have been StfiftfiaAi'SLTS ss-ssaaj^irs IS crushed, and then moistened with water sswiafflys'aar&f

NEWS FROM THE MINFS [BY TELEGRAPH, OWN CORRESPONDENT.] Thames, Thursday c . , kuhanui, new shaft tlfaUws^eenTom^ 8 with the purpose of level than is attainable from fh P T® 1 " workings, and a depth nf""? tbe surfi ><* already been attained Tim j • ™ has, KevtrSrin the taffi

[B C^mS^LowK M' S COURT At the WardenfcouTTf 1 Bush, an application ?„t a f Mr ' & 8. the Kauri block, by M fe" 1 ? 8 sit in granted. vflambers, was Mining Company arnili,l f! Hand 001(1 work with two. men For fnn PeiSaon to was refused, as there was no j°?K wlu ch fore the Court. The Pour in n ,' on heplied for permission to worktft ? S P " tended special claim with t, r „ ™ m Ex- «. This was Ssed 01 fa® no declaration. An annlW- * M 0 Was til® Steele Ford to work t he°P T Ar ' licensed holding with two 1 , Luck months, was granted An - n J?- en t . or fa ur the Harbour View Uold^r P - plll^ion * rom to work with four men for D 7 C ° m^> was granted. An ™„|; ,• , Months, Haur&i Development ft-'™ from the the Streak of lK^ , * te ' to Work men for four months, was granted" tW ° An application bv William Tif , Gregor, for a special fWi • ? Son McCentral, comprising 24 l'" ? im - the Coromandel ioreshore wasT' sated 011 Maria Turner aS/f grantei in the upper township" I p ldfincß Slte granted ; Arthur Metcalfe aDDli^°f° mandel ' aence site, granted • Ai+l.,?? t a res applied for quartz'- claim Rn™i 8 4^ rew two men's ground hi>imr iL r Arthur, City of Auckland' claim mnTi 5 old Dick applied for the Ari'w? cl• ' '" iam ground, in Kennedy's Bar ,!i m ' °" e man 's December sitting of the' Cmfr" i ' • to th dajr and Thomas Barrett LnV ?™/ 8 Sin "

Kuaotunu, iZTTjolin Henry lay lor by Kuaotunu, g KUl f' cfcin> r area, 300 yds by i plied for a 05e MaoW special claim, Balfour ComI granted; P,'°,„ 0 tie Balfour special ! pany, » *••*; , he Aorere Comclaim, «r*j"^/permission to work the pany applied for J two men {or four Aor specwl "he Juno Company ap . months, granted, kti Otama speliedforP e —n'owOfor to montia, cial claim fo W aitaia Company applied withdrawn; the, \ u men for for enn xssi° .ed . Francis Angus White four months, 8 D specla i claim, applied Kuaotunu" granted; Angus Fer--100 acres, Kuaotun , 8 sluicing c i ftltl) gusSi's appjio' struck out, there beWhauwhau Block. h Rutherford aping no the Publico, J at MahaKirau, granted; §00yds by 300yaii, d {or quartz c ) aim Harry. Buxton - P d being parfc of Moonlight, two m®s s Kuaotunu, Phoenix special claim, granted,