THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 11162, 7 September 1899, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. Yesterday investment stocks were in fair demand at late rates. In addition to the other lines mentioned in lates issues. New Zealand Shipping were wanted at £4 18s, while banks, insurances, and > oal lines were unchanged. In mining. Waihis were wanted at £7 3s, sellers £7 17s fed. New Zealand Talismans were placed at 12s 4d, May Queens (which bad an upward tendency) at 6s sd. Bunkers Hills (old issue' were done at Is lid, Four-in-H inds could have been placed at 2s 7d, and Barrier Gold and Silvers at Is.

NEW ALBURNIA G.M. CO.

THE POSITION OF THE COMPANY. So far nothing definite has come to hand regarding the intentions of the directors of the New Atburnia Gold Mining Company, as to future operations. It is stated that capital is available for the further development of the property, but those responsible for same appear t>- lie disinclined to provide the full amount originally agreed upon, portion of which only has been spent. Before his departure for England Mr. James expressed the opinion tint the money might be available, and thai it was his intention to make full inquiries into the position, as between the New Alburnia Company and the syndicate guaranteeing the capital.

ORIGINAL GREAT BARRIER G.M. CO.

WORK TO BE RESUMED. It is the intention of the directors of the Original Great Barrier Gold Mining Company to arrange for the resumption of wmk on the property. Tenders will be invited for driving on the No. 1 reef in the No. 2 level, and it is anticipated that the result of this work will be in every way satisfactory. The Original Great Barrier adjoins the Mount Argentine and Aotea properties, lying south of the former and west of tbe latter. It has already been prospected by means of three levels, and on driving on the ore bodv some very satisfactory assavs were obtained. Several reefs have been discovered on the property, and these will probab'y be exploited in due course.

MOROTIRI COPPER MINE. Some specimens of stone from the Morotiri copper mine, on Mona Island, Hen and Chickens, have been brought to Auckland bv Mr. J. W. Mackay, under whose superintendence work is proceeding. The stone is heavily mineralised, and contains large quantities of copper pyrites. The stone is on view at the office of Mr. D. G. MacDonnell, Insurance Buildings.

ORION G.M. CO. (LIMITED). The above company intend to proceed with important work at the mine, and at a meeting of the directors of the company it was decided to accept the tender of Adams and Harding, for the erection of the aerial tram, from the mine to the battery, at a cost of £715. According to the contract entered into the tram will be finished within three months, so that it should be working by the end of November. The Orion Company's property is it Puriri, and includes the Joker and other claims recently worked on option by Messrs. Bewick, Moreing, and Co.

TAIRUA BROKEN HILLS.

THE OPERATIONS PROCEEDING. Work on the Broken Hills mine at Tairua is progressing apace, and some 30 men are employed on surface work and mine development. A contract has been let for the construction of the tram-line from the mine to tbe battery. Men are employed on the cement foundations for the battery, and a contract for the framing and erection of the buildings has also been let, this contract including the erection of the 20-stamper battery and cyanide plant as well. Another contract ha; been let for driving 200 ft north and south on the ore body in the No. 2 level, and a contract has also been let for connecting the Nos. 1 and 2 levels, by sinking a winze from the No. 1 level. The whole of the driving is on ore, which will be forwarded to the mill for treatment. Mr. H. H. Adams, the managing director of the company, is at present at Tairua, superintending the works in progress.

THAMES SHAREMARKET. [by telegraph.—ows correspondent.] Thames, Wednesday. Broken Hill, sellers 2d ; Kuranui-Cale-donian, sellers Is 4d ; Kuranui, sellers 3d ; Mahara Royal, sellers 2s 3d ; May Queen Hauraki, sellers 6s 9d ; Moanataiari, sellers Is 6d ; Monowai, sellers Is ; New Aiburnia, sellers Is Id ; New Whau, sellers 2d ; Tararu Creek, sellers Is ; Komata Reefs, sellers 2s 6d ; Crown, buyers lis ; Talisman, buyers 12s.

MINE MANAGERS' REPORTS. r Ta Puke Gold Reefs (Te Puke, August 26): No, 3 east level— south has been extended 15ft for the week. Reef is not dipping to the west, so we aro working the hangingwall. We will be cutting timber next, and afterwards will crosscut the reef, Khartoum (Marototo, August 31): During the past fortnight the level has been extended 20ft, making its total length 151 ft, and this leaves 9ft of driving to be done in order to reach under the shoot of rich ore discovered some time since on the surface. Within the last few days the lode has improved considerably, and fair dish prospects of gold are now obtainable from any of the ore on the hangingwall side. The enclosing country rock is also becoming of a more favourable description for the existence of the precious metals in payable quantities. New Whau (Thames, September 5): The crosscut has been extended a further distance of about 9ft, making the total 40ft from the Sons of Freedom reef. In the last few feet of driving we have met with very hard ground, and I am satisfied now that the reef met with in the crosscut, 21ft from the main reef, of which I made mention in my report of the 22pd ult., is the hangingwall reef that we have been driving for. I intend to discontinue driving the crosscut any further at present, and have started the men to drive on the course of this reef. It is a fine compact body of ore, about 18in in width, and encased in a splendid class of gold-bearing country. In breaking a little of the quartz to-day, the 4th inst., just to make room to start off with (he drive, we saw a few nice colours of the precious metal in the ore. Drive on the Sons of Freedom reef—This drive has been extended about Tift; total, 43ft from rise. We Lave not broken any of I 'the reef from here during the week. The country penetrated is of an excellent description, it being a network of quarts and mineral veins.