THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 11059, 10 May 1899, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. Business in mining shares was again brisk on the sharemarket yesterday. Hay Queon Haurakis were rather easier, but showed no sign of settling down, sales boing reported at figures ranging from 83 8(1 to 9s 3d. In tho morning there was' a lively demand, and 9s and 9s 3d wero realised, but subsequent parcels sold at tho same call only realised 8s 9d and 8s Bd, and at the afternoon call the price never rose above 8s Bd, with Boilers quoting only 8s 9d, and buyers 8s 6d. Alphas were a shade easier, and sold at 4s Bd, with more wanted at the same figure. An improvement ' took place in Komuta Reefs, which sold at 3s 5d and 3s 6d in the forenoon, but at closing timo thero was 110 buyers' quotation, with sellers advanced to 4s. New Zealand Talismans wero quoted at late rates in the early part of the clay, but at closing time buyers were offering only 14s 4d. Ohiuenuiri Syndicates were well looked after at Monday's prices; Waihi-Silvertons worn a little easier, and Waitekauris a little higher with no transactions reported. Four-in-Hands sold at 3s 3d, and "\Ynihi Extendeds at Bd. Other shares were quoted at late rates. There was little movement in investment shares. Now Zealand Insurance fell back to Saturday's quotation, and Hikurangi Coals wero in demand at Bs, with sellers holding for 9s 6d.

ALPHA G.M. CO. The workings in tho leading stope at No. 6 level of the Alpha mine have revealed a great improvement in the reef. In the level tho reef was only 6in and low grade, but on the slope being taken northward to tho crossCut it was found that tho reef had widened out to 18in along the back of the slope. Tho ore at this point was found to be of excellent quality, showing gold in the stone, and giving good dish prospects. At 16ft from tho crosscut a rise has been put up for starting tho second stope, and tho reef was found to bo still making in size and quality. Another rise has been put up 60ft north of the main pass in order to gel another shift 011 the leading slope, and at this point also good payablo ore has been mot with. Tho improved prospects of the mine are the more gratifying in view of the feet that the battery will be ready In start crushing in about a week's time. Work in the Xos. 4 and 5 levels is boing pushed rapidly ahead. In No. 5 level tho leading slope has now been extended a distance of 63ft. and the ore from tho stopo is equal to that from the level.

THE MONTH'S RETURNS. The returns for the month of April, so far as they have eomo to hand, show that the value (if bullion won from the Auckland mines is still being well maintained. (Inly 11 returns are yet to hand, which givo a total yield of £38,361 8s 3d. This is a good deal Inss than the yield for March, but before the end of the week the Crown and Talisman returns may bo expeoled to swell the total and a considerable sum will be added by the returns from the crushing of small parcels, of which a record will be printed ill oik- mining summary 011 Friday.

GOLD AND SILVER EXPORTS. Tho return of the Mines Department, from which extracts were published yesterday, shows that llio export of silver from Auckland for the month of April, 1899, amounted to 22.1010z, valued at £2555, and for 1893, 19,7960/., value £2210, showing an increase for 1899 of 23050z, valued at £315. The export of gold for the first four months of 1899 shows .in increase of 41,4730z, valued at. £162,800, and of silver 35,2510z, valued at £4118, compared with the corresponding four months of 1893.

RESULTS OF MOAXATAIARI CRUSH--IXIIS. [tIY TKLKGItAI'II.—UWX rOItttKSI'OXIIKXT.] Thames, Tuesday. A crushing of 35 tons of ore, broken from tho Cambria reel" below No. 4 level, was completed on Saturday last for a yield of 440z 14dwl of melted gold, valued at £121 16s. During tho four weeks muling on Saturday last tho company's tributers crushed 86 tons of general dirt and 521b of picked stono for a total yield of 198i>7. 12dwt of melted gold, valued at £554 IDs 9d. This return is almost identical with tho previous four weeks' return obtained by the tributers, when IDOoz 6d\vt of gold realised £554 Is 9tl.

MAY IiI'KKX HAlltAKf. j [IIY KLKIIIIAI'II. — n'UUKSI'OXUKNT.] j Tiia::ks, Tuesday. i Tiio sinking of the two winzes below the Xo. ' h level ill i»'i« Ha win section is being pushed | ahead as rapidly a: possible, and lip In tlie i present. excellent prospects have been iret with. No. 1 win.!i> is now down » depth of I 50ft. with the reef carrying colour.' of gold and a good class of mineral. No. 2 winze is I down 14ft, and No. 1 reef Ins assumed a rather I Hal underlie, with the result that, as it is the I stronger body, being fully Zjft of solid quart-.:, it is carrying away the new reef (in its hang in (rival 1 instead of tlio two jime.lioniiig or passing through each oilier. The ire of both bodies looks well, and shows gold freely. The work of sinking the May Queen shaft is also proceeding satisfactorily, and a depth i of 56ft below the chamber at Xo. 4 level has I been attained during the past four weeks. Three of the tribute parties employed in iho | 1 mine have crushed 13} tons of ore for a yield j lof 630s 13dwt of melted gold, valued at £170 j 10s. This urn, however, does not include j I anything from Comer and party's tribute block 1 upon the Cardigan No. 2 reel, which party ' has not yet completed its usual monthly ; erushings. j i FAME AND FORTUNE. ! [nV TKLKUBAI'II.—OWN (I'liltKsTON'IJEN'T.] ! Thames, Tuesday. , Mr. K. K. Cooper is vigorously and systo- ' mat foully proceeding with tho development of 1 j this mine, and is meeting with most encouraging prospects at all the points where work is i being carried on. The staff of miners is also j being gradually increased, and the outlook at i | (ho present juncture is such as to warrant i i tho belief that good returns of gold will I I shortly be forthcoming. Tho Golden Age ' j reef is bring sloped above tiie low level and ' | also sunk upon below the level, and gold is . I seen in the ore coming to hand from each of : | these places. Gold is also seen in the hung- i j ingwall leader of tho s-.i.no reef at the Point j liussoll level, also in Kidd's loader that is I ! being sunk upon below '.he Balmoral level. | i The crosscut in the Pinafore section lias been ' | extended by contractors a total distance of : i -00ft, " ( ' is now passing through tho Wain- | I tain reef. A contract to extend the crosscut ! a further distaneo of 200 ft has been let to the i same party. Crushing is proceeding upon the ; output of ore which is sufficient to keep the 20 • diem " f sUm, ' lor!! employed eight hours per SOUTHERN MINING. Tho Olenrocli Consolidated Cold Mining Company, Limited (Macetown, Ota™) 1 cleaned up on April 29, and obtained 151oz i J|dwt melted gold from 265 tons of quartz ! During the month the cyanide plant was ! cleaned up, and 830/. 17dwt were obtained ! from 20 tons concentrates. This yiold has I enabled the company to more than pay ex- i penscs, leaving a surplus for remittance to i London. There is a slight improvement in i the incline face at the mine, and the geuera ■ outlook is favourable. I [l)V TELEGRAPH.—I'JIRSS ASSOCIATION'.] | r . • Ddnedijt, Tuesday, I For he week ending to-day the yield of gold j i iom llio 11 droclffcs whose returns are made ' .public was 7740z, or an average of nearly ! jS/oz per dredge. Golden Gato topped tho I list with 161oz. THAMES SHAUEMARKET. [nr TKI.EUItAFII.OW.V COnnHSl'OM)K\'v.] ! 7? i «•„ „ Thames, Tuesday! ' i Broken Hill sellers 2Jd; Mahara Royal, 1 scl ers 2s 6d; May Queen Hauraki, sales 9s i soHow 9s; New Alburnia, sellers Is; Victoria, sales lid, 10 2 d, sellers lid; Imperial, sellers "ad, Hailil Extended, sales Bd. j _ MINE MANAGERS' REPORTS. i New Hauraki North (Driving Creek, Coron.iiulel, May 8): Since last report tho men I mo been employed driving on the reef east ' | i'"'; 0 [ the 'eve!, and rating tho collar of fi.ii... lor the last few feet tho reef has 1 [ straightened up very considerably, while the ! country seems to bo getting firmer. Al- I though no gold has been seen for the week | the quartz looks just as promising. After • the next set » put in the drive I shall star I sloping on he reef where gold was got in the back of the drive Progress-Castle Rock (Coromandel, May 11, l ~w inze, hil ? l,e ™ sunk 4ft duriiKr tho week through tight sandstone country" m. >ni f a - ? ptll , bcl " w No. 3 lovoi 22ft. Ihe reef m the bottom is about Bin wide, and split into two soparato branches Tho quartz continues to look very promising for making gold at ™' time .Sloping on No. Ireef has been started from the rise ovo? he No. 2 winze. The reef is about Bin in thickness, a well-defined body of hill " mineralised quartz, showing gold ami an li. ninny freely. In breaking it down 201b of picked stone was obtained. Hanging™"! No"l e°'| 0 I°' J leVe,St °P in south Of • ~.. has been continued. The leader IS still small, but continues to show strong WAi Consols (Waihi, May 6): Durintr t.lm week 3ft has been sunk, making the shaft 177 ft ileop. Tho ground is a little easier for working than it has been for some time. The in°J well Zr s, 7' an ' l th ° P""' 1 is working t.ell, but ho havo just as mtWi water as iho pumps' can cope with./ •