THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 11201, 23 October 1899, Page 6

THE GOLDFIELDS.

AUCKLAND SHARBMARKBT. The market on Saturday was quiet. South British Insurances, which firmed, were >r.changed at 55s 6d, while National Banks also had an upward tendency, buyers offering 53s 6d. In mining there was no material change. Mt. Lyells advanced to buyers £10 17s 6°d, but holders declined to quit at these rates. Grand Junctions were wanted at 21s, and other lines were asked for at late rates.

WAIHI 6.M. CO.

8825 TONS YIELD £24,308.

TOTAL TO DATE, £i, 128,720. During the four weeks ended October 13, representing a crushing period of 24 days, the Waihi Gold Alining Company crushed and treated 8825 tons of quartz for a return of bullion valued at £24,308. The return shows an improvement on that of the previous month, when 8451 tons were crushed for bullion valued at £24,165. This last return brings the total value of the bullion won from this famous mine, since 1890 to date, to £1,128,720, )vhile the value of the bullion won during the present year amounts to £235,876. Following are the details of the returns from this famous mine to date; — Bullion won- Tons. £ 8 d 111 1890 - ... 21,112 13 0 In 1891 — ... 23,935 511 In 1892 18,236 ... 44,888 2 4 In 1893 19,805 ... 61,900 10 11 In 1894 24.864 ... 82,827 22 In 1895 33,670 ... 120.334 2?. In 19?6 >4.<')o ... 137.321 8 2 In 1897 40,764 ... 144,040 9 7 In 1898 7 7 ,929 .. 256,494 12 7 111 1899—Period ending February 4 ... 8,538 ... 24,256 0 0 Period ending March 4 7,152 ... 22,076 0 0 Period ending April 4 7,635 ... 22,095 0 0 Period ending April 29 7,534 ... 22,779 0 0 Period ending May 27 7,890 ... 25,723 0 0 Period ending June 25 7.715 ... 24,444 0 0 Period ending July 22 7,753 ... 22,485 0 0 Period ending Aug. 19 8,222 ... 23,535 0 0 Period ending Sept. 16 8,541 ... 24,165 0 0 Period ending Oct. 13 8,825 ... 24,308 0 0 Total returns to date ... £1,128,720 0, 0 BUNKER'S HILL G.M. CO. On Saturday Mr. C. A. Stubbs, secretary of the Bunker's Hill Gold Mining Company, received a telegram from the mine manager to the effect that 111b of picked stone had been secured. The quartz comes from the stopes going north from the winze, and brings the total amount of picked stone obtained from this point during the last few days to 291b. WELCOME JACK (GUMTOWN). [BY TELEGIUFH.— CORK I'OXDE.VT. ] I'hamks, Sunday. Messrs. Kenny and Murphy, owners of the Welcome Jack claim, at Gumtown, Mercury Bay have completed a crushing of 2J tons of general ore, and a parcel of picked stone, at the May Queen Extended Company's battery for the excellent return of 131oz of gold, valued at £265. A similar parcel of general ore, Out without any picked stone, is being treated for the same party at the School of Mines experimental plant. Its treatment, however, will not be completed until Wednesday or Thursday next. DUNEDIN STOCK EXCHANGE. [Br TELEGBAI'II. — ASSOCIATION.] Dcxedin, Saturday. To-day's sates at the Dunedin Stock Exchange were Hartley and Riley. £8 and £7 17s 6d ; Opliir, 10s. Sales made at premiums were as follows : Central Electric, 30s : Gibbston, 3d : Gold Queen, 8s 9d ; Kellv and Casey, Is 6d : Klondike, 10s 6(1 ; Sailors' Bend, lis 6d ; River Molyneaux, 3s. At auction the following premiums were realised : Aliaura River. 6d ; Orwell Creek, 4s ; Halfway House, 7s lOd ; Uibbston, id; Jubilee, 2s ; Cardrona Valley, 3d discount. TARARU CREEK G.M. CO. 1317 TONS YIELD £1336. [from our own correspondent.] Thames, Saturday. During the past month this company has put through and treated at its battery 1317 tons of ore for a bullion return valued at £1316. This is scarcely up to expectations, but is accounted for from the fact that during (lie latter part of the month the class of ore won was not of as good it grade as that treated during the earlier part of the month. The bulk of the ore treated was won from the stopes upon the main reef above the Dunedin low level. Preparations arc being made to get everything in readiness for stoping upon the reef above the Charter level. At that point the reef shows a thickness of about Bft, and is composed of payable ore. When that block is ready the output can be considerably increased. Preparations are also being made to start stoping upon the main reef at the intermediate level, which is being opened up between the Dunedin level and battery low level. Operations have been at a standstill at the battery low level during tho past month, Wt tiiey are to be resumed again at once. THAMES SHAREMARKET. [from OUR OWN correspondent/! Thames, Saturday. Broken Hill, sellers 2d, buyers Hd ; Kura-uui-Ciilcdonian, sellers Is 8d; Kuranui, sellers 3d; May Queen Extended, sellers 3d; Moanataiari, sellers 3s; New Albnrnia, sellers Is; New Whau, sellers 4d; Bullion, sellers 3d; Talisman, sellers 12s 6d ; Maratoto, sellers 2s 9(1. NEWS FROM THE MINES. [BY TELEGRAPH. —OWN" CORRESPONDENT.J Tiiamks, Saturday, MAY QI'EBW A crushing of ore broken from the stopes upon the Cardigan No. 2 reef, above No. 6 level., and from No. 4 reef in the winze below No. 6 level, in the May Queen section, was completed, and the gold banked to-day. The value of the return has not been made public, but it is understood that the yield of gold from No. 4 reef is an exceedingly good one. MOANATAI.UtT. The development operations upon the Cambria main reef at No. 3 level, are being pushed forward as speedily as possible, and the prospects are of a most encouraging character. The underlie of the reef, however, is so great that it will take some considerable time to open up the ore body and make it ready for systematic stoping operations. Another crushing of about 60 tons of ore from the point referred to will he commenced at the company's battery on Monday next. ETIIF.Ii REEF. Capital headway is being made with the erection of this company's new 10-stamper battery, the buildings for the same being all but completed, and the erection of the machinerv well in hand, so that there is 110 doubt it will be ready for the treatment of ore early in December. At the mine the development works are being expeditiously pushed forward, and at several points payable ore is being met with. New developments have occurred in connection with the hangingwall and footwall reefs at the Anchor level. The. hangingwall reef has divided into two sections, and the right-hand branch has been followed for a distance of about 30ft. It is composed of numerous veins and ribs of quartz, totalling altogether about sft in thickness, the bulk of which has been proved, by bulk test crnshings at the company's experimental plant, to be payable ore. The footwall reef, as driven upon, junctioned a short time back with another body of ore. At first the ore was low grade, and the reef split up, but now an improvement' is setting in, and colours of sold are once more seen in the ore. Good prospects are also being met with at two or three other points, but the efforts made to discover payable ore in what is Known as Stephenson's leader, have so far proved futile. The Union Jack prospecting crosscut is being steadily pushed forward in the upner sections of the company's property, but as yet no ore bodies have been intersected, although it was anticipated such would have been the case ere this. OTAGO DREDGING RETURNS. [Br TELEGRAPH.—PRESS ASSOCIATION.] Dunf.din, Sunday. The week's dredging returns are ; Hartley and Riley, 2360z 9dwt; Matau, 570z ; Golden Beach, 38oz 2dwts Bgr ; Success, 330z 4dwt 6gr ; Alpine, 330z ; Manorbuvn, 26jOz ; Nil Desperandum, 25joz ; Waimumu, 21oz; Tiinpeka, 22J0; Molyneaux Hvdraulic, 20oz; Golden Terrace, lßoz 15dwt llgr ; Golden Treasure, 18Joz ; Enterprise. 15oz 12dwt 21gr ; Inch Valley, 15oz 15dwt ; Otago, 12oz Bdwt; Ophir, ICoz 6dwt 6?r ; Sunlight, : Boz 17dwt- ; ' Golden Point, Boz : Vincent, 7<b Bdwt. The rivers are high. ;C ; -. ■■