THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 10969, 25 January 1899, Page 5

THE GOLDFIELDS.

AUCKLAND SHABEMARKET. Business was again active on the sharemarket yesterday, the activity in mining shares being most noticeable in Talismans and Bunker's Hills, which have lately been in great demand. In investment shares New Zealand and River Plates changed hands at 18s sd, and at closing time buyers were offering 18s 3d, but sellers, who were quoting at 18« 6d in the morning, had withdrawn from the market. National Insurances were wanted at 15s 9d, and subsequently 15s lfld was offered, but the lowest seller's quotation wis 16s 3d, and no business resulted. New Zealand Accidents were called for at 24s 3d, but there were no sellers. The demand for Northern Steamship, which has recently been evidenced, was well maintained, and shares were sold at 7s Bd. At closing time buyers were offering 7s 6d, with no shares on offer. Westport Coals were wanted at 62s 6d, and offers foi Ralph's 'l'aupiris rose to 5s 9d, but there were no sellers of either line. In mining lines business was done in Mahara Royals at 2s, end shares continued on offer at the same Pgure, but the buyers' quotation in the afternoon was Is lOd. Kuranuis wer3 wanted in the morning at Bd, and in lite coursa of the day the sellers' figure dropped from Is to lOd, but by closing time there was no demand. Offers for May Queen Haurakis showed a slight upward tendency, but shareholders were not. anxious for business. Talismans changed hands freely at the same rates as on Monday, lots being sold at 13s 3d and at 13s 6d. At closing time buyers were offering 13s Id, with sellers willing for business at los 6d. For Waihis £4 18s was offered, but the sellers' quotation was unaltered at £5 ss. For Waihi-Silvcrtons sellers were looking for 6e in the morning, but by closing time the quotation had dropped to 5s 3d, without inquiry from the other side. Bunker's Hills changed hands at 2s 2d-, and sellers, who opened at 2s 4a, were willing for further busiutss at the same figure, with buyers quoting 2a Id. Other mining lines were quoted at about late rates. TOKATEA CONSOLS G.M. CO. The manager of the Tokatea Consols Gold Mining Company's mine expects to have a crushing in a few weeks time. Work is still being expended on the intcAnediato main reef, ana although gold was showing more freely a month ago, the men. are still on payable ore, and there is every likelihood of this section of the mine being pushed ahead, with the view of adding to the quantity of ore now being collected for crushing. A good deal of dead work has been done in the mine by tributers, but they have not met with anything payable yet. THE MACARONIC CLAIM (KENNEDY'S BAY). A test of sob of stone from the recently prospected Macaronic claim, situated close to the Wnikawau Creek, between Kennedy's Bay and Port Charles, gives a yield of 3dwt of gold, valued at 9s. HAURAKI GOLDEN AGE JUNES (LIMITED). [FROM OCR OWN CORRESPONDENT.] Thames, Tuesday.

Mr. E. Kersey Cooper arrived here yesterday, in company with Mr. Wynne, representing the Hatiraki Golden Age Mines (Limited), and to-day the latter handed over to Mr. Cooper the property of the company mentioned on behalf of a London syndicate. Mr. Cooper informs me that lie at once proposes to examine the property carefully, and to draw out a schemo of operations which he will immediately mail home to his principals. He will at once overhaul tho old Fame and Fortune battery, and carry out certain works in the mine prior to his starting on the programme and scheme that lie will submit to his syndicate. Mr. Cooper also states that the property will henceforth he known as the Fame and Fortune mine, TE PUKE. [by telegraph.—own correspondent.] Tauranoa, Tuesday. Mr. McKay, Government Geologist, is at present at Te Puke, having arrived there on Friday, and is to make a full and exhaustive report as to the prospects and capabilities of the field. He is more especially to report on the prospects of the Te Puke Gold Mining Company, and the value of the cement lode, samples of which were on view at the Auckland Exhibition, and created considerable attention, followed by inquiries as to the lode, and its capabilities. Air. McKay, after making a thorough inspection of the Te Puke Company's cement lode, will inspect and report on the Gold Reefs Company, Clark's Freehold, Ben Lomond, Sisters, and other claims, and it is expected that his inspection will last over a week, and the result will be anxiously looked for. In the Gold Reefs Company the winze is down on the reef, over 55ft on the footwall, and as the winze is being sunk the reef is becoming more compact, ami a capital class of ore is being grassed. During the present week quite a number of visitors have been down to Te Puke to spy out the capabilities of the district, most of them being induced to visit the district through the show of quartz at the Exhibition. Another party leaves to-morrow. It- is apparent that a good deal of outside attention is being shown in the direction of Te Puke.

THAMES SHARF.MARKET. [by telegraph.— correspondent.] Thames, Tuesday. City of Auckland, sellers 4Jd; KuranuiCiiledonlan, sales Is 5d ; Kuranui, sellers Is; May Queen Hnuraki, sellers ss; New Whsui, sellers 2d Tararu Creek, sales 2s, sellers 2s 3d; Imperial, buyers 3d; Talisman, buyers 13s 6d; Alpha, sales 3s. NEWS FROM THE MINES. [FROM our OWN CORRESPONDENTS.] Thames, Tuesday. MOANATAIARI. Crushing has again been resumed on behalf of this company, one shift per diem, with 30 head of stumpers. The quarto Under treatment is that latterly won from No. 2 stope upon the Cambria reef, above No. 4 level, and from the winze recently sunk upon the same reef beneath the level. A depth of about 20ft has been attained in this winze. Tho block being stoped above the level is about 60ft jn length, and the hangingwall portion of the reef only is being broken out. Good progress is being made with the new double pass leading from this level down to the one below, and this week frill probably see that work completed. The drive on the eastern course of the reef, inside the main break, is still at a standstill. KURANUI. Operations upon the reef recently intersected at the new level opened up from the shaft have been discontinued for the present, as the manager, Mr. Hansen, is of opinion that it is not what is known as Htlnt's reef, as was first supposed. Altogether, a length of 30ft was opened up on its coiirse, in lift of which colours of gold were seen; but latterly the reef became much split by a body of clay making in it. and causing the Solid quartz portion to split into humerbiiß small veins, In consequence of this. Mr. Hansen has determined to temporarily suspend further work on the reef, and instead to continue the extension of the main, crosscut with the view of ascertaining whether or not Hunt's reef is still ahead. In the crosscut a very nice class of country is being penetrated, and should any oro bodies be met With in it there is every prospect of meeting with gold. MINE MANAGERS; REPORTS. Haurakl No. i (Coromaiidel, January 21): Since list report hive exteildfed drives on Cross leader . 14ft, 9ft in north drive, ahd sft in south drive. The leader in north drive is cut off by a soft siidy par of country running aerosj the face of the drive. The leader on the south drive is in good solid sandstone formation, and carries good mineral indications for gold. The leader is from lib to 4ln thick, and looks promising lot gold. .New Golfconda (Corbniaildel. January 23): We are still in flrst-clars country in the winze, and the, leader looks well. When wo get down about 25ft I propose owning nut Both ways. Five or six feet of driving will bring us to the junction of the main leader and the gold-bearing stringers.