THE GOLDFIELDS.

New Zealand Herald, Volume XXXVII, Issue 11535, 21 November 1900, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. A FAIR amount of business was transacted oil the Exchange yesterday. In investment lines National Insurances had sale at 19s 34 with further buyers at 19s. Auckland Ga,' (old) were done at £13 15s, more buyers remaining at £13 10s. New Zealand In snr . ances were held at 70s, buyers offering 67, 6d. In mining lines Monowais again v» advanced prices, sales taking place at 4s, th« market closing with sellers at 4s 3d. buyers 3s. In Upper Thames lines Waihi (_\>ni<,j,. dateds sold at 10£ d and Is, late sellers asking Is Id, with buyers at lid. Waihi Extended* had sales at 3s, with further buyers at 2s lid sellers 3s 2d. Waihi Grand Junctions am' tinued in demand, and had sale at 50?, wirjj buyers left at that price, no sellers Quoting. Waihi Souths again sold at is. Waitekatiri* were offered at 395, without buyers. In b>. rier lines Barrier Reefs changed hands at l\% 3d, sellers closing at 14s, without buye*. In other lines late prices ruled. * j _ . WAIHI GRAND JUNCTION G.M. CQ The enlargement of the Waihi Junction Gold Mining Company's shaft is now completed, and most of the water has been got rid of. The Worthington pump, which has been covered with water for the last 15 months, has been regained and found to be in perfect order. The drive at the 500 ft level is now being cleaned out, and the manager expects to be able to get into the workings this week. The water now flowing is being coped with easily, the pumps running only at 4£ strokes per minute, leaving an ample 1 margin of pumping power. In. the Waihi West section a contract has been let for the continuation of the shaft from the 150 ft level a further 100 ft, the intention being to ultimately sink to 350 ft. WAIEI CONSOLS G.M. CO. The drive north into the Martha Hill ir the Waihi Consols Gold Mining Company's mine, at Waihi, was extended 19ft during the past week, making the total distance 163 ft. The drive is still passing through a good class of country, with small stringers of quartz occasionally crossing the face. NEW WHAU G.M. CO. In the New Whau Gold Mining Company's mine, at the Thames, the newlycommenced rise, at the end of the ground over the intermediate drive, westward of No. 2 rise, is up 7ft. At this point a stops has been started on the course of the lode back towards No. 2 rise. So far no quartz has been broken from here, but the country encasing the lode is of a good class, interlaced with silica, mineral, and quartz veins. In the last named stringers gold is occasionally seen. The appearance of the country leads the manager to the supposition that a rich deposit of ore may be intersected anj day. Stoping operations from No. 2 rise westward have been proceeding as usual, the men having been engaged in breaking down the ore-body, which work is not yet completed. The reef maintains its former size and promising appearance, while the countn is of a similar description to that of the las week or so. IMPERIAL G.M. CO. The north drive in the Imperial Gold Miling Company's mine, at Karangahake. upm the course of No. 1 reef, has been advanced a further 10ft. total from crosscut 24ft. Tie reef is now the whole width of the drhe, and is composed of heavily mineralised oe, also carrying a good deal of silica. Average samples are being taken every 3ft or assay. PROGRESS-CASTLE ROCK G.M. CO. During the past week stoping on Reynolds' reef, north of the rise in the bottom level, Matawai section, has been continued in the Progress-Castle Rock Gold Minns; Company's mine, at Coromandel. Paws have also been formed and timbered up where required. Not very much of the reef has been broken down, but what was taken down showed gold, and the reef still looks very promising. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH. —rBESS ASSOCIATION^ Dukedin, Tuesday. Stock Exchange sales at premiums :., Aldinga, 9d ; Electric Extended, 27s ; Gibbston, Is 9d. 2s ; Grand Junction, ss, 5s id, 5s 6d, 5s 9d. Paid up : Charlton Creek, 41s, 41s 6d ; First Chance, 29s ; Golden Falls, 25s 6d ; Grev River, 393, 38s 6d : Hartley and Riley, £6 16s, £6 17s, £6 16s 6d; Junction Electric, 31s; Meg and Annie, ex div., 74s ; Merrimac, 445. 43s 9d, 445, 43s 3d, 435. 42s 9d, 42s 3d ; Nugget, 10s ; Premier Waikaka. 235, 24s ; Reeves' Proprietary, 25s 6d, 26s ; Sailors' Bend, 35s ; Second Magnetic, 2 / »s; Upper Magnetic. 445: Fraser's Flat, 6d discount ; Golden Gutter, 2s, Is 9d, discount ; Gunton's Beach, Is. THAMES WARDEN'S COURT.

[BY TELEGRAPH. —OWN CORRESPONDENT.] Thames, Tuesday. The following applications were dealt with by Mr. Warden Bush to-day: — Applications Recommended: F. P. Flinn, Barrier Reefs Extended special quartz claim. Great Barrier Island, recommended in the name of the Barrier Reefs Gold Mining Company (Limfced); David Loughlin, New Great Barrier special quartz claim, Great Barrier Island; A. M. McMahon, New Aotea special quartz claim, Great Barrier Island.

Applications Granted: Jas. Miller, Victory special quartz claim, Waiomo; Richard Smith, residence site, Upper Albert-street, Thames; J. A. Endean, Manukau mineral license, to mine for manganese and copper, Wairoa South; Janet Barnett. residence site, Whangamata; the Welcome Jack Gold Mining Company, permission to work the Welcome Jack special quartz claim. Gumtown, with four men for six months; W. D. Tilsley, permission to work the Capstan special quartz claim, Omahu, with two men for six months ; A. S. Walker, machine site. Tairua; the New Alburnia Gold Mining Company, permission to work the New Eileen licensed holding with two men for four months, and to work the New Alburnia special claim with six men for four months, the application being granted on the condition that no limit should be placed on the number of tribute parties employed; Jas. Hume, permission to work the Welcome special quartz claim, Omahu, with two men for six months; Michael Britt, Ballarat ordinary quartz claim, Waiotahi Creek, Thames.

Adjourned to December 4: James Miller, residence site, Waiomo; the Mananu Gold Mining Company, application for two machine sites, one special site, and tramway. Withdrawn: Edward Ryan, Ngapidii special quartz claim, Great Barrier Island, objected to by Mary Hamilton and the Egerton Gold Mining Company, withdrawn {costs £1 Is); Charles Farrell, Shotover special dredging claim, Thames foreshore, objected to by the Hon. J. G. Ward. Minister for Railways, on the grounds (1) that the area of the claim included a portion of the land vested in Her Majestv the Queen as a railway property; (2) that the granting of the claim would prejudicially affect the railway: and (3) that dredging" operation*, if carried out within the boundaries of the claim, would detrimentally affect the stability of the railway embankment. Mr. Clendon appeared for the applicant, and Mr. Miller for the objector. The application was withdrawn.

DREDGING. [BY telegraph.— ASSOCIATION.] Dunediu, Tuesday. As the Clyde Company's dredge Moa is unable to bottom some parts of "the claim, it was decided to-day to increase the capital to £8000 by the issue of 4000 shares, and to authorise the directors to purchase a suitable second-hand or construct a new dredge. At a meeting of shareholders of the West Matau claim it was decided to go into liquidation. The depth of ground is s« great as to make the prospect of payinj problematical.

The telegram from our Paeroa correspondent, headed " Coal for the Mines,' which appeared in our issue of Monday last, related to the Junction Wharf at Paeroa, and not to the mino mentioned.