THE GOLDFIELDS.

New Zealand Herald, Volume XXXVII, Issue 11275, 19 January 1900, Page 3

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. The market was quiet again yesterday. In investment lines there were buyers of New i Zealand Insurances at 60s 6d, with sellers I firm at 62:5. National Insurances changed hands at 16s sd. Auckland Gas (new) sold at £9 15s, with further offers of £9 12s. Devonport Steam Ferrys, with sellers at 395, were in request at 375. Other lines were quotel at late rates. In mining lines there were sales of New Whaus at 7£d ; sellers of Mahara Royals eased to Is, with no buyers. Other lines were quoted at late I rates. In Upper Thames lines Talismans I sold at 12s, with further sellers at 12s 6d ; i Imperials were on offer at 3jd, with no I buyers : Komata Reefs were asked for at ! ls'7d, with sellers at 2s 6d ; Waihi lix- J ! tendeds were inquired for at 7d, with no! I seuers ; Waitekauris hardened to 425, with ; no buyers. Other lines were quoted at late rates. In Coromandel, Great Harrier, , and Whangamata lines late prices ruled. PAEROA WARDEN'S COURT. [BY TELEGRAPH. —OWN CORKESrONDENT.] Paeroa, Thursday. At the Warden's Court to-day the following applications were granted by Mr. 11. S. Bush, Warden : — Absolute and partial protection : Waihi Beach United Gold Mining Company, three months' protection for Waihi Foreshore. Treasure Island, Waihi Beach, Ocean Beach, Ocean Beach Extended, Waihi Fluke, Waihi Beach Nos. 1, 2, 3, 4, 5, 6, 8, 9, 11, and 12 special claims ; Waverley Gold Mining Company, three months' proj tection for Waverley social claim ; Imperial Gold Mining Company, permission to work the Imperial special claim with four men for six months ; William News-haw, six months' protection for the Furona Extended ! special claim (granted for five months) ; ! Vi oodstock, six months for water-race No. 34, I and six months' extension for constructing lue race ; John S. Hope, six months' urotection for Klondyke special claim; Robert Stuckpole, five months' protection for Karangahake Main Reefs ;uid Main R-eefs Extended ; C. B. Bedford, permission to work the Prince of Waihi with two men for six months. Miscellaneous applications granted : C. F. Witfley, surrender of Marguerite. Rob Roy, and Jock o' Hazeldean, accepted; John Buchanan, residence site 123, Waihi South ; S. Peacock, section 121, Waihi South; M, Bnber, section 121 a, Waihi Smith ; K. Wrigley, section 122, Waihi South ; R, Soddon, section 122, Waihi South ; James Stewart, section 588, Waihi : W. S. Lepper, section d 62. Waihi ; F. W. Delaney, section 274 a, Waihi ; FT. Roache, section 415, Waihi : W. E. Howe, section 56'4, Wailii ; Komata Reefs Gold Mining Company, special site, live acres, at Wailii : D. H. Harvey, six kauri trees at Waitekauri. Plaints : W. H. Barbridge v. Stimpson and others, claim for £15 4s for wages, Judgment for complainant with costs. In the course of the proceedings Mr. Bush referred to the practice of holders of claims asking for permission to work their mines with two men for six months, etc. In future ho said, he would want to know how it was that more than two men could not be advantageously employed. This request would be made on all claims which had been two years in existence. Two men, he said, could eo on working for 100 years, and yet not do anything like effective work towards discovering a good gold mine. The two men would most likely he on the one shift, and only work eight hours per day, so that the progress they would make towards unearthing lodes would be very small. At all events he would like all and sundry to know that in future a reason have to be given why not more than tivo men could bo advantageously employed. TRIG HILL TRIBUTERS. The tributers in this mine, at Coromandel, have been sinking a winze upon the leader from which a recent trial crushing was made, giving a value of upwards of 1 £8 per ton. They have identified the leader as the same worked iipmn at a lower level, and have stopped sinking, and commenced stopiiitr up from the low level. They i have some 200 ft of hacks to work upon. The ore recently broken out from the bottom of the winze, a sample of which has been sent to town, is a nice, kindly-looking oxidised stone, with fine gold freely diffused throughout it. The ore is of a brittle ■ character, and from its appearance, should ; be free-milling dirt, easily amenable to treat- . , ment, and containing little, if any, base metal, TOKATEA CONSOLS MINE. [BY TELEGRAPH.—OWN CORRESPONDENT.] i Cobomakdkl, Thursday. Captain Holjrate, on behalf of the "purchasers of tho Tokateo, Consols mine (Messrs. Alison Brothers and himself), has made a ■ j thorough examination of tho workings of . tho mine. He expresses himself as well pleased at the thorough and systematic manj ner in which the mine has been opened up, J with drives, crosscuts, passes, etc., rej fleeting the greatest credit upon the manager • (Mr. Thomas (Joldsworthyi. Mr. Holjrate 1 states that the various blocks can be worked out most economically, He made no test as to the \alue of the. lodes, but is quite satisfied as to the value of the'property . upon its past record as a gold-producer. The present proprietors intend to let the mine in blocks, on tributo. Several tributes have j already been applied for by experienced miners. I NEW WHAU G.M. CO. S [BY TELEGIIArn.—OWN CORRESPONDENT.] Thames, Thursday. A start was made to-day to break down - tho stripped portion of cbe Sons of Freedom e reef, but only a couple of shots were fired 1 in it, as it was found necessity at the startt ing to timber tho ground dose up to the 0 reef. A few colours of gold were seen in t tho ore broken out, and the reef was found b to be a nice compact body of ore, about 1 3ffc in thickness. Altogether, there are o about 26ft of the reef stripped, and it is ii intended to continue the breaking down of that portion right up to the face of the pre- , sent dig. NEW FOUR-IN-HAND G.M. CO. [by telegraph—own correspondent.] Coromandei,. Thursday. 8 After a lengthened spell of holidays the mine is again in full swing. The various faces look remarkably well, and there is e every prospect of a payable return at the . next cleaning up, which will possibly not y eventuate until after a four weeks' run. n DUNEDIN STOCK EXCHANGE. S [l)Y TELEGRAPH.—PRESS ASSOCIATION'.] l£ DuxEDix, Thursday, s Sales at premiums:—Alexandra Lead, ) 10s; Arthur's Point, par; Boundary Creek, t 4s 9d ; Central Charlton, 6d ; Central Eleco trie, 72s 6d ; Dunstan Lead, 16s, 17s: Elecd trie Extended, 10s; Gentle Annie, 6s 6d ; e Gibbs' Beach, 2s 3d, 2s: Golden Bed, 5s i- 6d; Golden Elbow, Is 6d, Is 9d, Is 6d; t Golden Falls, 9s; Golden River, Is 6d; ■r Halfway House, 15s; Prince of Wales, 10s; r Richards' Beach. I.os 3d ; Roxburgh Jubilee, d 6s 6d; Second Magnetic, 14s 9d : Sixteens mile Beach, 5s 6d, 5s 9d ; Tacon Cardrona, ,- Is 6d; West Matau. Is 9d ; White Star, d 2s 6d.' Sales were also made at the followe ing prices:-Arthur's Point. 3d (discount); il Dunedin. 13s 6d; Golden Point, 37s 6d; Hartley and Riley, 185s 6-1.

' s MINE MANAGERS' RETORTS. ° Waihi South (Wnilii, January 16): Wn have d advanced the drive 25ft for the woek, making e total of 131 ft. There is no change to report. i, We are just coming to the place where wo cut quartz stringers, 70ft higher in the drive going towards the Waihi Consols, but tnerc is no sign of thorn yet in this drive, fliero }' has not in fact, been the slightest diango '. in the drive for the last 50ft, with the ox--0 oeption of the inflow of water in the bot- '■ °May Queen Extended (Thames, January f > 15): Durtnpr tho past week the men have '• been working in the stones on tho cross reef, • which continues of pood size, well mineralised, n with colours of gold throughout, fho bat--0 tery started crushing quartz from tho (tjpes 11 on Saturday with eight stampers. It will o take several clays to get it all through. Price 1 Brothers have not yet got the pump up, hit is . we aro expecting it up at any time. Wo * ' hope to start work in the shaft after this I' week. o i Victoria (Thames, January 16): Operations d nrc being carried on as usual. None of the tributers have so far been successful in mnk- )• ing any fresh discoveries, W.* Connor find •• party, who were working on a small Irarior n at No. 1 level, near the chamber, have {riven l" it up, owing to its nrm-payablo character. I J liavQ given them pornussion to try another

small Jeader at the same level, a little nearer tho Victoria roof. This leader is encased in a good class of snndstono country, and, judging by its appearance, it ought to mako gold. There was a little work done upon tho leader referred to during J. Agnew's management. J. Windsor and party aro sill prospecting in the Tookey section, and J. I Wilson and sou are working upon the Vie- i toria mullock-tip. Tho latter commenced crushing operations this morning. j Bunker's Hill (Coromandol, Jmmnrv 13): ! Stopo north—During past week a double pass ! has been constructed in the centre of tho : block, thus facilitating operations, forming a permanent travelling way, and assisting the ventilation. No. 3 stopo has been car- : ried along Eft, and the quartz taken down,' in which colours of gold only were seen; yot tho loader and country possess the neces-! snry characteristics for milking «ame. In j the winze sinking has been discontinued, and i driving in a southerly direction from the ' bottom has been commenced, tho object be-1 j ing to intersect tho footwall vein where it i j breaks away from the 4in leader, as at this' I point on tho level, and overhead, good speci- J i men stone was obtained. In tho crosscut! slow progress is being made by the contractors with the extension of the face, owing to the hard nature of the country being penetrated, j A total distance of 39ft has been driven, i Golden Belt (January 11): Work' was resumed at the niine on Tuesday, the 7th inat. Wo have got sufficient sleepers cut and dressed, and into the ground, for laying the new road in the No. 5 level. Wo ' commenced laying down tho road on tho 10th inst Air-boxes will be laid in tho tunnel and an exhaust laid on from tho pipes coming to battery, which will give a high pressure and good ventilation.