THE GOLDFIELDS

New Zealand Herald, Volume XXXVIII, Issue 11551, 15 January 1901, Page 3

THE GOLDFIELDS

AUCKLAND SHAREMARKET. The market was quiet yesterday, ri: In- investment lines New Zealand Insurances sold at 69s 9d, sellers closing at 71s, without buyers. New Zealand and River. Plates,, new, were done at lis 4d, late buyers offering lis, sellers asking 12s. Northern Steamships, contributing, had sale at 7s 3d, with buyers left At 7s 2d, no sellers quoting. D.S.C's sold at 8s 6d, with further buyers at 8s 4d. Sellers of National Insurances eased to 20s, buyers .19s 3d. In mining lines there were sales in Broken Hills (Waiomo) at 4£d, late sellers quoting at s£d, buyers 4d. In Upper Thames lines Chelmsfords were done at 3s Id, sellers closing at 3s 2d, with buyers at 3s. Waihi Extendeds changed bands at 5s and 4s lid, with further inquiry at 4s lOd, sellers 5s id. For Crowns 13s 6d was offered, sellers firm at 14s 3d. Maratotos had sellers at 6d, buyers 4d. Talisman Consolidateds were a, shade easier, sellers quoting at 23s 6d, buyers 21s. There were buyers of Waihis at £12, sellers firm at £13. In Coromandel lines New Four-in-Hands sold at 2s Bd, late sellers asking 2s lOd, with buyers at 2s 6d. In other lines late prices ruled.

NEW ZEALAND CROWN MINES (LIMITED). £4089 FROM 2018 TONS. TOTAL FOR THE YEAR, £66,515. TOTAL TO DATE, £328,279. The final clean-up for the past year on behalf of the New Zealand ' Crown Mines {Limited) has just taken place at the' company's battery at Karangahake, showing that for 2018 tons treated, bullion amounting to £4089 was won. The period covered was shortened by the holidays intervening, and the mill only ran for 19 days. The present return brings the total won from the mine to date to £328,279, and the total for' the past year to £66, 515. The following table gives the details of the returns: — " 8 6 , £ s. d. January, 1900 (2559 tons) ... ... 4,850 16 11 Februarv. 1900 (2800 tons) ... ... 5,176 8 2 March, 1900 (2865 tons) ; ... ... 5,330 811 April, 1900 (2927 tons) ... ... 5.966.18 4 May, 1900 (2772 tons) ... ... ... 5,788 610 June, '.900 (2840 tons) ... ... ... 5.579 2 7 July, 1900 (2912 tons) ... ... ... 5,727 9 7 August. 1900 (2940 tons) 5.774 8 8 September. 1900 (2857 tons) 5,933 0 .0 October, 1900 (3086 tons) ... ' ... 6,051 0 0 November, 1900 (2924 tons) ... ' ... 6,248 0 0 December, 1900 (2018 tons) ... ... 4,089 0 0

Total for the year ... ... £66,515 0 0 The following table shows the total won to date: —

Bullion obtained prior to 1896 £138,104 To December, 1898 52,024 To December, 1899 71,636 To December, 1900 66,515

Total to date £328,279

MINING AT KARANGAHAKE.

It will be seen from the summarised reports given elsewhere of recent meetings in London of the shareholders in the New Zealand Crown Mines (Limited) and the Talisman Consolidated companies, that additional plants for crushing are contemplated by both companies. The New Zealand Crown Mines (Limited) have now 60 head of stampers, and it is proposed to erect an additional 20 head, making a total of 80 stamps. The Talisman Consolidated Company, whose present crushing power of 20 head is now being added to by the erection of a further 50 head, also propose a still further addition of 30 head, so as to increase their milling,, capacity to 100 head of stampers. 'The directors of both \companies consider that they are warranted in these contemplated extensions of their plants from the developments in their separate mines. Taking into consideration the fact that the Woodstock Gold Mining Company have a 40-stamper battery, it will be seen that when all the plants are running to their full capacity there will be a total of 220 stampers engaged in crushing the ore product' of the Karangahake mines. This must of necessity have the effect of giving a great impetus to the mining industry in that district.

IMPERIAL G.M. CO. The extension of the level on the south course of the new Jreef in the Imperial Gold Mining Company's mine at Karangahake has made good progress djiring the past week, and the lode is now opened up for a length of 73ft. During the early part of the week a small break was met with at right angles to the drive. This slightly affected the reef, but at present the latter is a well-defined body of stone measuring 3ft 6in in width. It is composed of very kindly-looking ore, which gives coarse gold in the dish.

BROKEN HILL G.M. CO. Work has been resumed in the Broken Hill Gold Mining Company's mine at Waiomo. The lower level has since been driven a distance of 7ft through blue sandstone country—total 12ft, A permanent set. rails has also been laid, and two sets of timber have' been put in.

CHELMSFORD G.M. CO. At the Chelmsford Gold Mining Company's property at Upper Tairua work has been recommenced. Five extra hands have been taken on to complete the water-race and battery. No. 1 race is expected to be completed by the middle of the week, and other works are being pushed on speedily, with a view of the early completion of the battery and cyanide works.

THAMES SHAREMARKET. r BT TELEGRAPH.—OWN CORRESPONDENT.] : Thames, Monday. Broken Hill (Waiomo), sellers 6d, buyers 3d; Ivuranui, sellers 3d; Mahara Royal, sellers 6d; May Queen Hauraki, sellers Is; May Queen Extended, sellers lOd; New Whau, sellers 4d; Vic-, toria, buyers Id; Komata Reefs, sellers 3s Id; New Zealand Crown Mines, sellers 14s; Talisman, sellers 23s 6d; Waihi Extended, sellers ss, buyers 4s lid; Waihi, South, sellers Is 9d; Bunker's Hill, sellers lOd; Tairua Broken Hill, sellers Is 9d.

NEW WHAU G.M. CO. [BY TELEGRAPH.OWN CORRESPONDENT.] ( * Thames, Monday. Driving and rising is now in progress upon the new hangingwall leader at- No. 1 level, in the New Whau Gold Mining Company's mine. The total length opened up is about 22ft, and the rise, which has been commenced at the point where the leader was first intersected, is only up a height of, about 3ft. An excellent class of country encases the leader in both the drive and rise, the leader averaging about Bin in thickness, and carrying a most promising class of ore. . ' •

THE DRAINAGE DIFFICULTY. [BY TELEGRAPH.OWN CORRESPONDENT.] Thames, Monday. At noon to-day the water had risen to a height of 41ft above the 500 ft level, in the old Big Pump shaft, whilst in. the Saxon section of the May "Queen Hauraki mine there were about 15in of water on the flat sheet at No. 6 level, and, 1 as a consequence, several parties of tributers, whose tribute blocks are situated at that level, were unable to proceed with their operations. It is feared that by the end of this week the level in question will be flooded, and that all the tributes working in the Saxon section will be thrown out of employment, for the main draught to'ventilate the workings is brought through the main crosscut at No. 6 level, and the flooding of that crosscut will cut all such ventilation off. DREDGING. [BY telegraph.— ASSOCIATION.] Dunedin, Monday. During the week ended to-day returns were reported from 22 dredges, the total gold yield being 5320z 9dwts 15gr, or an average of 240z pei dredge. DUNEDIN : STOCK EXCHANGE. [by TELEGRAPH. ASSOCIATION.] . . " Dunedin, Monday. On ; the Dunedin Stock Exchange to-day sales were effected at the following pre-, miums : Erickson's Reward, 8s; Kohinoor, ; 10s; Mosquito, 2s 6d ; Ross' Day Dawn, Is; Woodstock, 4s. Sales also took place at the following prices: —Al, 27s 6d; Charlton Creek, 35s and 35s 6d; Dunstan Lead, 24s and 24s 6d ; Ford's Creek, 225; Gentle 'Annie, £2 5s 6d; Gold Queen, 30s 6d; Golden Run,, £2 10s; Grey River. £3 5s 6d; .Half-way House, £2'2s 6d; Majestic, 24s 3d; Metallic. 2s 6d; .Mokoia, 255, 9d; ' Monte Christo, 32s 6d ; New Alexandra, 9s'6d and 10s; Upper Magnetic, 355;; [ Waijquna/ 28s. . .-