THE GOLDFIELDS.

New Zealand Herald, Volume XXXVI, Issue 11230, 27 November 1899, Page 6

THE GOLDFIELDS.

j AUCKLAND SHAREMAKKET. : The sharemarket was quiet on Saturday. In investment shares, D.S.C. sold at 10*s, I with further demand at the same figure, ; sellers quoting 10s 6d. Other investment I shares were unchanged. In mining lines, . New Whaus continued in demand, selling | at 8d and Bjd, at both the calls for the day. \ Waihis were still looked after at £10, with !no sellers. Crowns improved slightly, and ] were wanted at 16s 3d, sellers quoting 18s. , Waihi Grand Junctions also firmed, sellers I offering 31s 6d. Other lines were quoted at late rates. FAME AND FORTUNE MINE. [by telegraph.own* correspondent.] Thames, Saturday. Mr. E. K. Cooper, the general manager, , informs me that satisfactory arrangements have been made at Home for the further development of the fame and fortune mine. THAMES HAURAKI. [lIY TELEGRAPH.—OWN" CORRESPONDENT] Thames, Saturday. Operations in the main pumping shaft i this week have been altogether confined to potting in the concrete foundations for the No. 2 cisterns at No. 10 level, and other details in connection with the same. The foundations are now completed, and the girders for carrying the second set of plungers, etc., are being placed in position. All the pumping machinery is working very satisfactorily, and although a large volume of water has to be contended against, still no difficulty is being experienced in keeping it below No. 10 level. No important developments have yet occurred in the Deep Sinker section. THE MONOWAI GOLD MINES (LIMITED). [by telegraph—own CORRESPONDENT.] Thames, Saturday. II will be remembered that a short time ago this company forwarded to the Smelting Company of Australia, at Danto, New South Wales, a parcel of 25 tons of concentrates for treatment at the works named. Advices are now to hand showing that the concentrates referred to realised at the rate of over £8 per ton. the respective proportion of uold and si]ver per ton being as follows: Gold, loz 12dwt; silver, 18oz 4dwt. In conseouenee of the excellent value obtained, a further shipment of about 30 tons of concentrates is now being bagged, and will be forwarded to the same works in the course of a few days. This information should he very encouraging to the colonial shareholders. as it shows that with a suitable pro cess for the treatment of the ore. there' is cverv probability of the mine yet coming to the front as a remunerative bullion-))in-ducer. It may be mentioned that during the past few weeks a. stall' of timers Ins been employed at No. 3 level locating the I proper course of tl.v main reef at that j point. This has now been definitely ascerI tained at two places, some considerable -li-i- ---; tance i.part, and at each place the reef has I been proved to be 16ft in thickness, and to be ] composed of an even better class of ore than I that which prevails at the higher levels, thus j showine that the reef is improving in value ! as it makes downward. MINING AT WAIORONROMAI. The result of the first six months' crushing at Mr. Hardy's property, Waiorongoinai, have been most satisfactory, and the mining operations are being extended, extra miners engaged, and the battery enlarged, in view of the excellent stale of the mines. DREDGING RETURNS. [iiy TELEGRAPH. association.] Dpnedix, Sunday. The dredging returns for the week are:R Hartley and Riley, 2130z 15dwt-; Magnetic, 85oz ; Success, 58oz 13dwt; Enterprise, 430z 9dwt 12gr; Manorburn, 41oz; Golden Treasure, 350z; Clyde, 250z ; Unity, 240z Bdwt ; Golden Terrace, 20oz 16dwt 6gr; Molyneaux Hydraulic, 19oz; Nil Desperaiidum, 16oz; Tuapeka 15oz 3dwt; Sunlight, 14oz ; Bdwt: Ettrick. 13oz; Otago, 13oz * Inch j Valley, 13oz; Morning Star, 12oz lddwt; Matau, 9oz; Waimuinu, Boz. It, appears i that, the master of (he Hartley and Riley ■ dredge, finding the river lower than he exi pected. resumed wink at a place when .forj iner returns were being got. and not on),the i summer ground as lie intended. The direcI tors of the Sunlight Dredging Company have | declared a dividend of Is. This is the third j dividend, the previous ones being 2s each. j REEFTOX GOLD RETURNS. [nv TELEBBAPII.—I'ItFSS ASSOCIATION-. I Grev.moutii, Saturday. | Alpine, 117oz amalgam from 240 tons; ! Keep-it-Dark. 262nz gold from 870 tons ! crushed at battery for November; Cvanide, 1 200oz gold from 750 tons tailings; ("'onsoli--1 dated Ilredee, 260z 18dwt for 101 hours; I I'ullcr Dredge. 14oz sdwt for five days. ! THAMES SHAREMARKET. | [nv TELEGRAPH.—OWN CORRESPONDENT.] i Thames, Saturday | | Ktiranui. sellers 3d ; May Queen Hauraki, • sellers ss; New Albumin," sellers Is; New j \Yhau, sales Bd, 7d, Bd. buyers 7d. 1 MOUNT LYE LI. MINING AND I RAILWAY CO. I By Telegraph.— Association.—Copyright, I Meliiihtiine, November 25. j The Mount Lyell returns for the period from October 19 to November 15, inclusive, i shows that 21.743 tons of ore were treated, | producing copper 750 tons, silever 62,9940z! I and gold 23700z. The company has declared a dividend of 4s, and a bonus of Is, payI able on .lannnry 2, the total sum payable being £68,750. j being £68,750. j MINE MANAGERS' REPORTS. Waihi South (Waihi. November 22).- Wo j havo got Mm water well under again, and | going on with finking. Wo are into good solid country, and think our prospects are very encouraging. The country is full of I small quartz veins ai d very highly mineral- | ISOU. j Ktiranui (Thames, November 23): The j bhotovpr Creek level has been cleaned out and rails laid up to Barry's reef. Two men I made a start on Monday last, to sink on the : lodes. As (here is not much done on the ; roe yet in this quarter, very little can lie | raid as to its prospects. The low level drive j is now 111 about 30ft hillward of the crosscut oil the course of the reef, but the ground' up to the present, has been rather broken and has disturbed the lode, which lias not, been so well defined as when first cut. However, to-day there appears to be better ground making m the face, which, I hope, will continue. when we may expect an improvement in the reef.