THE GOLDFIELDS.

New Zealand Herald, Volume XXXVII, Issue 11538, 24 November 1900, Page 5

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. The market was fairly active yesterday. In investment lines inquiry was brisk for most stocks, - though no sales resulted. In mining lines, Broken Hills sold at 6d, with further buyers at sjd, sellers 6£d. Monowais hardened with sales at 4s 3d, sellers closing at 4s 9d, buyers 3s 9d. In Upper Thames lines there were sales in Komata Reefs at 2s 3d, late sellers asking 2s 6d, buyers 2s 2d. , Waih' Consolidates were done at Is sd, with buyers left at Is 4d, no sellers • quoting. Waihi Extendeds changed hands at 2s lid, 3s, and 3s Id, the market closing with sellers at 3s 3d, buyers 3s Id. Chelmsfords were sought pi Is lid, sellers 2s 3d. Sellers of Waihi Souths were firm at Is 3d, buyers offering Is Id. For Woodstocks 5s was offered, sellers firm at 6s. In Barrier lines, Barrier Reefs had brisk demand, and sales were effected on a rising market at 12s 6d, 13s, 13s 6d, and 13s 9d, sellers closing at last price, with buyers left at 13s 3d. In other lines late prices ruled.

BARRIER REEFS G.M. CO. RESULT OF INITIAL CRUSHING. £5577 3s 9d FROM 1758 TONS. The Barrier Reefs Gold Mining Company's battery, at the Great Barrier, has completed a trial rim of 30 days, and has been taken over from the contractor. The manager reports as follows: —" During the period named 1758 ton? of ore were crushed for a return of 2090 ounces of bullion, valued at £2024 9s 6d, and 59 tons 12cwt of concentrates worth £3552 14s 3d, total £5577 3s 9d. The assay value of the ore crushed was £5 lis 2d per ton, or equal to a total value of £9774 14s. Nearly all the values obtained were from the plates and concentrates— £362 being obtained from the cyanide department, where serious losses occurred. All these faults can be remedied for the future. The stopes in the mine are looking very well; in fact, were never better. The stopa started in No. 3 level promises to open up a big body of ore. On account of the poor milling the past month only the lowest grade ore was sent to the battery. The machinery at the battery has stood the test very satisfactorily. There has been no breakage whatever, and the only damage done amounted to a few pounds from the settlement of a small concentrate vat." This return being the first to hand from any mine at the Great Barrier, considerable satisfaction was expressed at the result by those interested in the mining industry. NEW FOUR-IN-HANP G.M. CO. i [ £415 12s .10d FROM 80 TONS. Driving north on reef in the intermediate level has been continued in the New Four-in-Hand Gold Mining Company's mine during the past month, and extended to a distance of 90ft from No. 3 rise. Stoning has alsc been continued on No. I and No. 2 blocks. The reef in all the faces is looking well, and averaging over 2ft 6in of quartz. Two tons of ore have been packed over from the Tainui reef and crushed, and yielded 3£ ounces of gold. The battery has ran one shift for the four weeks, crushing and treating 80 tons of ore for a return of 1430z 6dwt 12gr of melted gold, at £2 18s per ounce; total, £415 12s lOd.

SOUTHERN DREDGING.' [BY TELKGBAFH. —PRESS ASSOCIATION.] Dunedin, Friday. Hartley and Riley's return is 83oz 13dwt for 138 hours' work.

DUNEDIN STOCK EXCHANGE. [BY TELEGBATH.rBEBS ASSOCIATION.] Dtjnedin, Friday. Stock Exchange sales at premiums : Electric Extended, 32s 6d, 325, 31s 6d, 31s 9d, 325, 32s 3d, 32s 6d, 32s 3d; Gibbston, 2a 6d; Grand Junction, 5s 6d, 6s, 6s 6d; Trafalgar, 7s; Victory, 4s 4,5; Wairoa, par. Paid-up: Alpine Consols, 43s 6d; Alpine 11., 42s 3d; Arrow Junction, 28s 6d; Cairnmuir, 33s 6d; Fourteen-mile Beach, 355 ; Galvanic, 36s 6d ; Gold Queen, 22s 6d ; Grey River, .30s 9d, "40s, 40s 6d; Hartley and Riley, £6 16s 6d, £6 17s ; Junction Electric, 61s 3d, 61s, 60s 6d; Magnetic, 30s ; Meg and Annie, £3 17s 6d; Mcrrimac 435, 42s 9d, 42s 6d; Metallic. 30s 6d; Moa Plat, 15s; Perseverance, £5; Richards' Beach, 16s, 15s; Sailors' Bend, 395; Second Magnetic, 30s ; Waipuna, 245, 23s 9d.