THE GOLDFIELDS.

New Zealand Herald, Volume XVII, Issue 11542, 29 November 1900, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. ! These was a fair amount of business transacted on the Exchange yesterday. In investment lines New Zealand Insurances changed hands at 71s and 71s 6d, late sellers asking 72s 6d, without buyejs«~ Buyers of New Zealand Banks advancedNo 255, no sellers quoting. South British Insurances had steady demand with late buyers at 71s 6d ; sellers asking 745. In mining lines New Whaus experienced a rise, sales being recorded at 2£d and 3id, sellers closing at 4d, with further buyers at 3d. May Queen Haurakis at lOd, were looked for at 7d. In Upper Thames lines Waihi stock still had brisk demand. Waihi Consolidateds sold at Is lOd, and Is lid, closing at 2s, with further inquiry at Is lid. There were numerous sales in Waihi Extendeds at 4s 3d, 4s 4d, 4s sd, 4s 6d, 4s 7d, 4s Bd, and 4s 9d, the market closing at lower price with sellers at 4s 6d, and buyers at 4s sd. Waihi Beach Uniteds were done at 8d and B£d, with more on offer at the latter price, buyers 7Jd. Tairua Broken Hills sold at is Id, late sellers asking Is 2d, buyers offering Is. Sellers of Talisman Consolidateds quoted at 163 3d, with buyers at 15s 4d. Waihi Consols had sellers ready for business at Is Id, buyers Is. Waihi Grand Junctions had good demand at 645, sellers firm at 70s. Waihi Souths eased to Is Bd, without buyers. Woodstocks were wanted at 7s, sellers asking 9s. In Australian lines Sailors' Creeks had buyers at 10s, sellers quoting at 15s. In Coromandel and other lines late prices ruled. NEW WHAU G.M. CO. The manager of the New Whau Gold Mining Company's mine, at Thames, wired yesterday to the effect that whilst prospecting at No. 1 level a new hangingwall leader was intersected, six inches wide, with nice strong gold showing. The men have been put on to strip the leader. [»!' TELEGRAPH. — OWN CORRESPONDENT.] Thames, Wednesday. What may possibly prove to be an important discovery was made in this companys mine to-day, at the No. 1 intermediate; drive, above the Sons of Freedom level. The manager (Mr. James Jobe) was doing a little prospecting work in the crosscut leading to the hangingwall country of the Sons of Freedom reef, when he intersected a new leader about 6in in thickness, which showed strong dabs of coarse gold, and also nice ruby silver and other favourable mineral indications. Realising from the results met with that the leader was one well worthy of a trial, Mr. Jobe at once suspended the work that was proceeding upon the Sons of Freedom reef, and started the men to strip the new ore body with the view of getting a portion of it stripped for a proper breaking down. This work will occupy a day or two, as the country is of a firm character, although all that! can be desired from a gold-bearing point of view, so that a breaking down of the leader will probably not take place before Friday. Judging from the appearance of the leader where cut into to-day. and the amount of gold seen in the small quantity of ore broken out, there is good reason for believing that favourable results will be obtained when the breaking down takes place. The crushing of the ore recently obtained from the Sons of Freedom is still proceeding at the May Queen Hauraki Company's battery, and will probably not be completed before the latter end of next week. ALPHA G.M. CO. The No. 4 crosscut in the Alpha Gold Mining Company's mine, at Waitekauri, has been driven a further 14ft for the past week. The same good class of country still exists. The drive is now in a total of 1021 ft, WAIHI CONSOLS G.M. CO. The drive into the Martha Hill in the Waihi Consols Gold Mining Company's mine, at Waihi, is now in a total of 177 ft. The ground is rather harder than usual, but is still good reef-bearing country. The bore-hole is in boulder country, and it is hoped to get through this shortly, when | boring will commence. DUNJimJi STOCK EXCHANGE. [BY TELEGRAPH. —PRESS ASSOCIATION.] Dunedlv, Wednesday. Stock Exchange sales at premiums : — Electric Extended, 275, 27s 6d; Extended! Fourteen-mile Beach, 2s 6d ; Gentle Annie, 27s 6d ; Gibbston, 3s 6d; Grand Junction, 7s, 6s 9d, 6s 6d ; Hokitika River, 5s 6cl, 5s 9d ; Pactolus, 18s 6dl; River Molyneaux, 5s ; Royal Maori, Is 6d. Paid up : Alpine Consols, 445, 44s 3d; Boundary Creek, 255; Central Charlton, 765; Dobson H., 22s 3d Electric, 455; First Chance, 28s 6d, 28s; Fourteen-mile Beach, 33s ; Galvanic, 38s, 375. 37s 3d; Golden Bend, 275, 27s 4^d; Golden Run, 425. 42s 6d); Grey River, 435, 43s 6d, 43s 7£d, 42s 6d; Hartley and Riley, £6 19s; Junction Electric, 28s 6d, 295; Leviathan, 38s 6d ; Magnetic, 28s 6d ; Meg and Annie, 76s 6d; Merrimac, 435, 43s 6d; Metallic, 31s 6d ; Mokoia, 20s; Nugget, 9s 3d ; Richards' Beach, 25s 6d, 265, 25s 3d, 255, 25s 6d ; Sailor's Bend, 38s 6d ; Second Magnetic, 325; Upper Magnetic, 435; Vincent Extended, 455; Golden Banner, 2s 6d discount; Greenstone, 3d discount; Leaning Rock, ss. " -