THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 10970, 26 January 1899, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET.

The sharemarket was active yesterday, the demand for investment shares and for Bunker's Hills and Talismans, in the mining lines, being well maintained. The abovementioned shares changed hands frequently, at rates quite up to recent quotations. In investment shares there was a demand for National Banks at 455, but nc sellers. Buyers of New Zealand Insurances advanced their quotations to 60s 6d, and sellers were offering at 62s 6d. or 6d under recent quotations, hut no business resulted. National Insurances were wanted at 15s lOd, and subsequently 16s was offered, but sellers remained iirm at their recent quotation of 16s 3d. New Zealand Accidents were wanted at 255, but there were no shares on offer. For Auckland Gas (old). ±.i 4 10s was offered, but the sellers' recent quotation of £14 15s was withdrawn. Northern Steamships, which have recently been well looked after, were still in demand at 7s 6d, hut sellers refused business under 7s Bd. Ralph's Tanpiris were in demand at 6s in the morning, and at that time shareholders were willing for business at 7s. Bv closing time shares were wanted at 7s. with fellers quoting Bs. In mining lines May Queen Haurakis were in demand at 4s 3d, but sellers held to their recent quotation of ss. New Zealand Crowns were offend at rather easier rates than on Tuesday, but buyers quoted only 12s, and the lowest sellers' quotation was 14s. Komata Reefs were wanted at 3s. but shareholders were not disposed for business on these terms. Several sales of Talismans at 13s 6d were reported, and at closing time there was a tendency to more business, sellers quoting 13s 9d. and buyers 13s 4d. Offers for Waihis rose to £5, but in the afternoon there were no shares in the market. Barrier Reefs changed hands at noon, at 2s Id and 2s 2d. and at that time sellers were open for further business at the latter figure, but in the afternoon the quotation was 2s 6d. with buyers offering 2s 3d. Lowpriced mining lines were quoted at about late rates.

IMPERIAL G.M. CO.

Tenders were recently called by the Imperial Gold Mining Company for driving what is supposed to be the main reef intersected in the low level crosscut on their property. The tenders on being received were considered too high, and instructions have been sent to the manager of the mine to carry on the work for a month with wages men. At the end of that period the directors will decide as to the manner in which the remainder of the work should be carried out.

BUNKER'S HILL G.M. CO.

The following telegram was received in Auckland yesterday from the manager at the Bunker's Hill mine: "181b specimen stone from tin leader going north." 11l his last report dated Saturday last, Mr. Moorcraft. the mine manager, stated that while taking down the leader in the rise nice colours of gold were seen, and the country continued favourable. Active development work,is going 011 in other parts of the mine. A second stope has been carried along 23ft northward from the rise, and the leader is reported to be looking well in this part of the mine. The drive north has been extended 62ft from the crosscut. The lender here is 9in in width, and shows colours of gold freely, while the character of the country indicates that as this face advances the leader will become more collective, and an improved class of ore will be obtained. A contract for driving a surface tunnel 100 ft. has been let with the object of prospecting the southern portion of the property, and of' intersecting the reef at present being worked in the low level.

Our Coromandel correspondent, telegraphing last night, says: To-day's breakingdown produced 181b of specimens, and indicates that the vein at present being worked npoi. is very rich. The gold was obtained in the northern drive, that is in the direction of the Hauraki Freehold property. The golden stone obtained to-day should approximately be worth nearly £100. As the leader is further operated on somewhat similar results may reasonably be anticipated from lime to time. The new drive initialed last week will attack tlip vein :tl a higher level, and afford splendid ventilation fioni one end or the mine to the other, a* well as !iivh.<: greater facilities for developing the mine.

NONPAREIL O.M. CO.

The half-yearly meeting (if ihe Nonpareil (•(.1.1 Milling Company called for yesterday, in tile office ot the legal manager, lapsed fur want ill a (jimrum. The report of the directors staled that the work in progress during the half-year had been driving and sloping mi the Wade reef, driving an upper level crosscut to cut the Liverpool Hoys' reef, and the opeiatimis carried t>n by tii-hut-ers. The Wade reef had continued to yield satisfactory n turns, although the quantity of ore won. owing to the size of the lode, kid been lint small. The crosscut to interseel the Liverpool Hoys' reef at No. 2 level, had progressed satisfactorily, and since the close of the half-year the lode laid been struck, and promised bv birth"" devehmliient to yield payable results. Operations towards this end were in progress, and it was anticipated that a considerable block of good ore would be available at this level. No calls had been made, and the returns from ore won and tributes winked hail been such as to pay all expenses I including the driving of No. 2 level crosscut I. and leave a credit balance of nearly £100 on the halfyear's work. The statement, of accounts showed that the proceeds from ore crushed during the half-yew hud been £171 13*: the percentage from trilinters, £-V> 7s Id: and this, with the Inlawe of £.°37 in band at the beiiiining of the half rear, made 'he income £757 lis Id. while the expenditure was £110 Is 2d (of which £2-19 went in wages), leaving £317 lis Id on hand.

BUFFALO O.M. CO.

The half-yearly meeting of the Buffalo Gold Mining Company, called for yesterday, in the office of the legal manager, Mr. J. H. Harrison, lapsed for want of a quorum. The balance-sheet showed a balance of £25 13s 9d after meeting current expenses. The mine is now being worked on tribute.

AORKRE G.M. CO.

The half-yearly meeting of the Aorere Gold Mining Company called for vesterdav in the office of the legal manager, Mr. J. H. Harrison, lapsed for want of a quorum. The current account, showed a balance of £20 5s Bd.

TRIAL CRUSHING.

fllY TELEGRAPH.OWN CORRESPONDENT.] PonOJIANDKT.. Wednesday. Mr. Alex. McNeill, who lias been prospecting in the Kennedy's 15av district for some time, has just completed a crashing from two claims there with pestle and mortar. That from the Rose, formerly named the Anglo-Saxon. returned 15o?. 6dwt.. valued at £39; and that from the Ada claim valued at £6 10s. II will be remembered that Mr. McNeill obtained 1107, 13dwt from the Rose a few weeks since.

THAMES HAURAKI.

[BY TKI.EGRAPn. — CORRESPONDENT.] Thames, Wednesday. Since commencing Ihe work of enlarging the main pumping shaft, below No. 6 level, about a fortnight ago, excellent progress lias been made, three sets of timber having been placed in position, and the working platform lowered for a fourth. By the end of the present week it will be necessary to lower the Cameron pump from it* present position at No. 6 level to the bottom of the enlargement. All the pumping machinery is working very smoothly and giving great satisfaction.

THAMES SHARKMARKET.

[BY TELEGRAPH.OWN* CORRESPONDENT.] Thames, Wednesday. Broken Hill, sellers 3d : City of Auckland, sellers 4£d ; Kuranui-Caledoniau, sellers Is 5d ; Kuramii, sellers lid ; May Queen Hauraki, soles 4s lOd, sellers ss, buyers Is 8d ; New Whau, sellers 2d ; Sheridan (paid up), sellers 2d ; Tararu Creek, sellers 2s 2d ; Imperial, buyers 3d ; Talisman, buyers 13t 6d. .

GENERAL MINING ITEMS. The paid-up shareholders in the Sheridan Gold Mining Company, are requested to meet at the Chamber of Mines, at noon on Tuesday, January 31, to consider a letter received from the Napier directors re the winding up of the comjx>ny, A full attendance is requested.

PAEROA WARDEN'S COURT.

[BT TELEGRAPH.—OWN CORRESPONDENT.] Paeroa, Wednesday. The first ordinary sitting of the Warden's Court for this year was held to-day, before Mr. R. S. Bush, Warden. A good deal of business was brought forward, but was in most cases adjourned till next Court day. Tlio following applications were, however, granted:— Residence Site: C. B. Gentil, section 28, Marototo.

Permission to Cut Timber: Michael Page, one kauri tree, Waitekauri: C. Hardy, timber certificate for six months over two fiveacre sections, at Waihi.

Protection: Maratoto Gold Mining Company, six months' protection for two waterraces as Marototo.

Partial Protection: Waitokauri King Gold Mining Company, permission to work Wni tekanri King olaim with three men for four months: Waihi Extended Gold Mining Company, Waihi Extended claim, two men for four months: Imperial Gold Mining Company, Imperial claim, four men for four months: Maratoto Cold Mining Company, Maratoto claim, six men for four months; Alpha Gold Mining Company, Alpha claim, six men for four months; Waihi Consols Gold Mining Company, Waihi North and Haines-Morrin claims, each two men for four months.

Richard Thomas and 11 others v. Woodstock Gold Mining Company, claim £158, for wages. Mr. Moss appeared for the plaintiffs, and Mr. Miller, instructed by Mr. Jackson, for the defendant company. After some argument the case was settled out of Court, and judgment was accordingly given lor plaintiffs for £95, each party to pay their own costs.