THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 11198, 19 October 1899, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. The market yesterday showed a fair number of buyers, and several lines were exchanged, buyers and sellers being more inclined to come to terms. Standard stocks were in demand at late rates. In mining New Zealand Crowns were placed at 14s, while Grand Junctions, which have been in good demand of late, were exchanged at 20s 6d. Grace Darlings (paid up) were done at 2s 4d, Waibi Extendeds at lOd, Ethel Reefs at 3£d and 4d, and Ohinemuris 'lit 3d. Waibis were in firm demand at £8 2s 6d, ' sellers holding for £8 10s. In Thames lines May Queens were wanted at 5s 2d, KuranuiCaledonians Is sd, Victorias 6d, while Broken Hills (Waiomo) were done at ljd and 2d. In Coromandel lines New Four-in-Hands were placed at 3s 4d, with buyers 3s 3d, and sellers 3s Id at last call. Barrier Reefs could have been done at 3s Id, and Whangamatas at 4s 2d, but sellers declined to quit at these rates.

_ WOODSTOCK G.M. CO.

1841 TONS YIELD £1943. During the four weeks ended September 30, the Woodstock Gold Mining Company crushed and treated 1841 tons of quartz for a return of bullion valued at £1943. Though the average value per ton does not show any increase it is satisfactory to note that the quantity of quartz crushed shows a decided increase over that of previous months. For the month ended September 2, 1391 tons were crushed for a return of bullion valued at £1602 ; while for the crushing period (four weeks), ended August 5, the return was £1178 from 1079 tons.

HAURAKI MAIN LODES.

THE '5312,000 WORKING CAPITAL. NEW ZEALAND SHAREHOLDERS AND LONDON DIRECTORS. According to recent advices received from London there is a probability that a satis-1 factory settlement of the difficulty that has' arisen between the New Zealand share- j holders and the London directors of the i Hauraki Main Lodes Company will be ar- : rived at. The position taken up by the i latter is a somewhat peculiar one. The sum , of £12.000 was apparently available as the j unexpended working capital to be spent in ! the development of the property. With j an efficient plant costing several thousands j of pounds available, the directors intimated | that the company intended withdrawing j from the colony, and instructed the New j Zealand representatives of the company to ; dispose of the mine and plant. The New ' Zealand shareholders protested against this departure from the original agreement, and were then informed that upon the sanction j of all the holders of colonial shares being j obtained to the proposal, the mine and plant would be handed over to the New Zealand shareholders provided they forfeited all claim on the unexpended working capital. It was then ascertained that it was intended to invest the £12,000 in West Australian properties. A representative of the New Zealand shareholders was despatched to London with instructions to do all that was possible to protect the interests of colonial shareholders. It is hoped, therefore, that a satisfactory settlement will he arrived at. and that if indications warrant the expenditure, the wliolo of the unexpended working capital will be spent in the development of what is considered by many to be a well-situated property. TALISMAN EXTENDED MINE. The development work on this Karangaliake property, which now includes the original Talisman Extended, the VictorWaihou, Royal Mail, and Crown Extended claims, is resulting very satisfactorily. We recently mentioned that the Dublin reef had been intersected, and now the Talisman reef is being sought for. The crosscut is being pushed ahead, and it is anticipated that the lode mentioned will shortly be to hand. With the Dubbo and Talisman reefs traversing the property there is every probability that the mine will prove a valuable one. NEW WHAU G.M. CO. The prospects of this Thames property have considerably improved of late, and stono of splendid quality has been coming to band. Yesterday a breaking-down took place, the reef operated upon being the Sons of Freedom lode. As a result of the breaking down 31b of fair picked stone were secured. and good strong blotches of gold were well distributed throughout the quartz. MONOWAI G.M. CO. IMPROVEMENTS IN PROSPECTS. ADVOCACY OF THE OHLORINATION PROCESS. The prospects of the Monowai mine at Waiomo have considerably improved of late, and were the difficulties in the way of treating the ore overcome it is believed that a long and prosperous career awaits this company, which have determinedly stuck to the property, and have done much to solve the problem that presented itself for solution. At the No. 3 (low) level, which, is about 90ft below the No. 2 level, and which will givo about 300 ft of backs, the reef has been intersected and is said to be looking as well as in the level above, from which good quartz was obtained. The reef at latest reports had been cut into 6ft, but the exact width had not been ascertained. It is probable, however, that the reef will prove to be a large body of quartz. The point of intersection is about 600 ft from the Broken Hills property, and, as anticipated, it is this development that has causal shares in the latter company to harden. The drive is proceeding northwards, that is in the direction of tbo Broken Hills property, and it is gratifying to learn that the reef looks exceedingly well. As previously mentioned, large parcels of quartz have been forwarded to different quarters of the globe for treatment, and though there are many who express the opinion that the chlorination process would prove successful, 110 definite data on this head have been obtained. Possibly the result of the experiments that are to be made will enable the directors to decide as to what description of plant should 1 be erected. Smelting lias been recommended by some, but the difficulty in the matter of obtaining suitable material for fluxing so as to avoid substantial addition to the cost of treatment, presents itself in this connection. WHANGAMATA GOLD CORPORATION. CRUSHING PLANT TO BE ADDED TO. We are pleased to learn that the directors of the Whangamata Gold Corporation have written to Mr. A. H. Curtis, the New Zealand representative of the company, informing him that the crushing plant is to be added to. At the present time two Krupp mills and one revolving ore-drier are in use, and it is intended to add another Krupp and a second drier. The plant has already been ordered, and should be erected and in operation by the beginning of next year. The additions to the plant will enable the company to crush about 1500 tons per month, and as the ore coming to hand is expected to show a substantial profit ever working expenses, shareholders will, doubtless be well pleased at the action of the directors, who have really acted in accordance with the recommendations of Mr, Cm l tis, who stoutly maintained that the proipects of the property well warranted an addition being made to the present millik plant, j GOLDEN BELT G.M. CO. I The mine manager (Mi. Frank Rooney) of the above company, whose property Is at Neavesville, has conferred with the directors regarding the initial operations to m conducted at the mine. It was decided to commence work at once by cleaning out me No. 4 level, and extending it to the reef which will then be driven on. The reef las been worked in the levels overload by the tributers, and good quartz ( was obby the tributers, and good quart; was obtained, the men getting satisfactory returns. The mine manager is now on his fay to take over the property and put on tie necessary complement of men. • / . MAY QUEEN HAURAKI. [FROM OUR OW.\ coreesjdndf.kt.] . Thames, /Wednesday. The crosscut at the new ( to. 7 level in the' May, Queen section is n/w nearly, in. to No. '4 reef, and that body/of quartz" may be intersected ,at any moiient, A good class of ore continues to cane to hand from V ' I :

the winze that is being sunk upon No. 4 reef below No. 6 level in the same section. In the Saxon section, No. 2 shaft, upon No. 1 reef, below No. 6 level, has attained a depth 'of 86ft, and the work of cutting out a chamber at the bottom is now being proceeded with. As soon as the chamber is completed, a. start will be made with the driving of the crosscut towards the Cardigan reef, but as soon as the crosscut is well clear of the chamber, driving upon No. 1 reef will also be commenced. Crushing is proceeding on behalf of the company, the ore under treatment being that , won from the Cardigan reef end' from the winze upon No. 4 reef in the May Queen section.

THAMES HAURAKI. [from our own correspondent.! Thames, Wednesday. Since the repairs were effected to the No. 2 Cameron pump on Friday night, pumping operations have been carried on without the slightest hitch, and the water in the shaft was so reduced by midnight last night that the miners were enabled to resume the enlargement of the shaft at that hour. There now remains only about 7ft to go to reach No. 10 level, where it is purposed to put in the next set of cisterns and plungers in connection with the main pump, so that as soon as that work is accomplished there will be little fear of any further difficulty arising with regard to the work of pumping the water.

WAIHI EXTENDED G.M. CO.

THE BORING OPERATIONS IN PROGRESS.

In connection with the boring operations now proceeding on the Wailii Extended Company's property, a plan of the mine and workings in the Wailii and Grand Junction properties has been' prepared,' the positions of the reefs shown having been taken from surveys made on the Waihi, Wailii West, and Grand Junction properties. According to the plan, the Martha and Welcome lodes are approaching each other as the Grand Junction boundary is reached, and after passing through the north-western portions of the Junction, follow on and traverse the Waihi Extended Company's I property. It is near this supposed strike ! of the lode that the Waihi Extended Com- ! pany have commenced boring. The plan , and explanatory circular are to be for- : warded to shareholders, who aro taking rei newed interest in the operations of this comj pany. I Yesterday the mine manager telegraphed: ; —"Boring in solid country. Sandstone | looking favourable." | j WAIHI CONSOLIDATED G.M. CO. ! Arrangements have been agreed to for the | amalgamation of the Waihi Consolidated ' and Ohinemuri properties. The company ' is to consist of 150,000 shares at 5s each, Waihi Consolidated shareholders to receive 60,000 shares paid up to 2s 6d, Ohinemuri ; shareholders 30,000 shares paid up to 2s 6d, i the remaining 60,000 shares to be offered to the public at 6d on application, and 6d on j allotment.

! CABBAGE BAY MINING NOTES. | CABBAGE BAY MINING NOTES.

[BY TELEGRAPH.— COItIIKSI'ON'DEXT.] I Coiiomandki, Wednesday. This settlement is very quiet. A little [ mining, however, is still going on. The j new find I reported some time back by Hugh I Campbell and party is still promising well. ; The claim is adjacent to the track between . Cabbago Bay and Kennedy's Bay. Several other parties are working with more or less ' promises of success. A MINING CASE. [by TELEGRAPH.— OWN* CORRKSrOXDEN'T.] Thames, Wednesday. 1 understand that Mr. James Coutts, In- ! spector of Mines, is taking legal proceedings i against the WhangamaUi Gold Corporation Company for not having taken nut a machine license for its battery at Whangamata. 'the • case will probably come on for hearing on the 30th inst. This step has been taken on account of tho company having failed to I supply the inspector with the monthly bul- ; lion returns in accordance with the Miniip' 1 Act of 1898. 0 I THAMES MARKET. [by TELEGRAPH. CORRESPONDENT.] I Thames, Wednesday, i Broken Hill, sales 1^1: Kuranui-Cale--1 don Mil, sellers Is 9d ; Kuranni, sellers 3d ; . May Queen Hauraki, sellers 6s ; May Queen Extended, sellers 3d ; New Alburnia, sellers Is; New Whau, sellers Id ; Bullion, sellers ; 3d ; Victoria, buyers 6d ; Talisman, sellers 12s 6d : Waihi South, sales Bd. SALES OF DREDGING SHARES. [Br TELEGRAPH,— ASSOCIATION".] r DunKJ'iN", Wednesday. The following are to-day's Dunedin Stock Exchange sales:—Golden Gate, £5 10s; Golden Point, 40s 6d; Hartley and Riley', £9 15s; Bannock-burn Creek, '3d discount.' Ihe following sales were made at premiums: -Ahaura River, 7Jd ; Alexandra Lead, 7s 4Jd ; Alpine No, 2, 9s 6d; Bcndigo, 3s 6d; Central Electric. 365; Fourteen-mile Beach . new issue, 6s; Golden Bed, 9d; Grev Con- | solidated, 6d; Kelly and Casey, Is Id; LeI viathan, Is lOJd; New Alexandra, 23s 6d ; and 23s 9d; No. 2 Mat.ni, 2s 7d and 2s 6d • . Sailors' Bend, 13s; Upper Magnetic, 5s 6d'. I In the, Otago Exchange sales were made at I the following, premiums:— Cardrona No. 1, 1 4d; Coal Greek, Is 3d; Dunstan Lead, 16s 6d; Moa Flat, Is. Premiums realised at auction were:-Coal Creek, Is; Electric Extended, 3s; Trickson's Reward, Is Id and Is; New Alexandra, 223 6d. MINE MANAGERS' REPORTS. Kuranin (Thames, October 17): The footwall leader has been taken down by the wage* men but so far, 1,0 gold has been met with. There is some very nice mineral 111 tins loader, and it ought to improve as enri ( H e :ulvanccs ' T,l ° crosscut is now in 50ft 111 fine country for gold. The contractors cut a leader to-day about lOin thick which carries some very nice minerals, and from the appearance of the quartz, gold ought to bo met with when we start to open out on it. A party of the tributers, while driving a crosscut from th& top of the Shotover shaft, to-day cut Barry's reef about 4ft below the old stopes, which proves that Hiis lode has not been Forked bolow tho old Shotover Creek eve). As they have not cut through the lodo yet, I am not in a position to say mupli about it, but as soon as they get it opened up to as to enable me to form an opinion as to it value, I will do so. I am pleased to ho able to report these discoveries as I believe they win load to something good'. Wailu South (Waihi, October 16): Ground has improved very much indeed. We have every reason to believe that we are' into proper reef-bearing country. It is full of silica, mineral, and thin quartz veins. I think it is quite possible wo are nearer to reef than we expected. We have sunk Bft for the week, and lowered the large pump. Wo shall start off our drive for cistern tomorroF morning. I should like to put it in not loss than 20ft. Then our dam to keep the "rater, ivhich I must take extra pains and put in well. The success of us getting down chiefly depends upon this. Zmlandia (Driving Creek, October 16): A further distance of Bft has been driven by contractors during the week, making total of 50ft in this section. There is nothing, fresh to report this- week. The country is still of a very favourable description for tlie existence of gold-bearing reefs. Broken Hill (Waiomo, October 16): The winze has been in steady progress, and is now within 10ft of where we should hole through to the low level. The ore broken in the winze looks well, being of the tamo class as that forwarded to 'Frisco. Alpha (Waitekauri, October 14): The contractors for the extension of the crosscut at No. 4- level are making very satisfactory headway, having accomplished a further distance of 22ft for the week, total 97ft. lin ty mention that this drive is now entering a more congenail class of country than ■ was the case last week, and on the 12th a second loader was met with, 3in in thickness, show ing prospects of gold. This is certainly very encouraging, as it proves beyond a doubt that wo are passing through a gold bu ring channel of country, as.-we have still 7 <7ft to drive to reach the required distance, or the Crown reef. Meeting with gold at this point augurs well for the lodes in question. Perhaps it will be of interest to know that 80ft beyond, or to the westward of the Crown reef, another largo masterly defined quartz body. Bft through is exposed to view in some old shallow workings and traversing a parallel course to tho aforementioned, and from samples recently taken shows the lode to be of a highly auriferous character,. averaging £1 15s 9d per ton. From henceforth this' reef will.be, known as No: 4... When once tho crosscut' now in progress intersects the lodes referred to, there will be fully 200 ft of backs to operate upon. CLEANLINESS.IS' NEXT TO . GODLINESS. But at what cost is I,his cleanliness produced by many people ? : Often at the cost of a bad I and uncomfortable skin, the . result of the use of inferior ' soaps. 'To insure ' a good healthful skin PEARS' SOAr should,always bo I Used, A-;;: -v .. , , ■