THE GOLDFIELDS.

New Zealand Herald, Volume XXXVIII, Issue 11582, 21 February 1901, Page 6

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. There was scarcely any business done on the Exchange yesterday. In investment lines inquiries were few. In mining lines Welcome Jacks (contributing) had buyers at s£d, sellers 7d. In Upper Thames stock Komata Reels sold at 2s 9d, more being offered at same price, buyers 2s 7d. Talisman ConsoHdateds changed hands at 255, no sellers quoting at last call, buyers offering 24s 6d. Waihis declined to £11 15s, -without buyers. Waiihi Consolidateds, at Is 6d, had buyers at Is Id. Waihi Extendeds had sellers at 3s lOd, buyers offering 3s Bd. Waitekauris ■were looked for at 20s 6d. sellers 23s 6d. In Coromandel and other lines late prices ruled.

WHANGAMATA GOLD CORPORATION,

THE RECONSTRUCTION SCHEME.

The following is the text of a circular which has been issued to shareholders in the Whangamata Gold Corporation (Limited), by Mr. A. H. Curtis, attorney for the company in New Zealand : —

" I am instructed by directors in London to inform you that the negotiations with the London and New Zealand Exploration Company (Limited), which have been going on for some months, have resulted in the following arrangement : A new company is to be registered with a capital of £150.000, divided into 160.000 shares of £1 each ; 40.000 of these shares will be for working capital, 20.000 of which will be subscribed for in cash, and 20.000 held in reserve. The remaining 110,000 shares to be issued as fully paid, and the shareholders in the present company to receive an allotment in the new company of one fully-paid share for every three shares standing in their names on the present register. A general meeting was to be called in January, when full reports and accounts were to be submitted, and the shareholders asked to confirm the above arrangement, which the directors think is, under the circumstances', as favourable a* could be hoped for."' WAIHI G.M. CO. ANOTHER DIVIDEND DECLARED. The Waihi Gold Mining Company have declared another dividend (the 32nd) of 2s 6d pei -mare. This brings the total amount distributed amongst shareholders in this way to £568.500. WAIHI EXTENDED G.M. CO. The Waihi Extended Gold Mining Company's shaft- is now down 226 ft. The country rock remains the same as formerly, though it is beginning to make softer at the bottom of the shaft. The pump is working more satisfactorily, enabling better headway to be made with sinking. ALPHA G.M. CO. j In the Alpha Gold Mining Company's j mine, at Waitekauri, the westward drive is ; now in more congenial country. During last i week a 6in leader was intersected, which gave good dish prospects. The main levels have been overhauled on the Alpha lode. THAMES TALISMAN G.M. CO. The low level drive in the Thames Talisman Gold Mining Company's mine, at the i Thames, has reaehed a total length of 860 ft. The country on the footwall side of the reef cut recently is of a splendid description of sandstone, good for progress, and promising for reef-bearing.

THAMES SHAREMARKET.

[by TELEGRAPH.—own correspondent.] Thames, Wednesday. Broken Hill (Waiomo), sellers 4Ad. buyers 2£d ; Kuranui, sellers 3d, buyers Id ; Mahara royal, sellers 6d ; May Queen Fa 11raki, buyers 7jd : New Whau, sellers 3d ; Komata"Reefs, sellers 2s lOd, buyers 2s 8d ; Pride oi Waibi, sellers 6d ; Waihi Extended, buyers 3s 83. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH. —-VWKSS ASSOCIATION. 1 Duvitoi.v. Wednesday. Du'nedin Stock Exchange sales at premiums : Aiding*. 7s 6d ; Buller Junction, 13s. 13s 3d. 14s 3d ; Daylight. 4Jd, Id. par; Erickson's Reward, 6s 3d ; Extended Four-teen-mile Beach, Is 6d : Grand Junction, 7s 3d ; Maori King, 2s 3d ; Pactolus. 35s ; Paetolus 11., 3d ; Victory, lis. Paid up : Caimmuir, 33s 6d. 33s ; Electric, 52s 6d ; Endeavour, 23s 6d ; Ford's Creek, 16s ; Fourteen-mile Beach, 32s ; Galvanic. 35s ; Gibbs' Beach, 16s 6d ; Golden Bed. 21s 6d ; Golden Link, 19s, 1& 6d ; Golden River. 6s, 6s 2d ; Halfway House, 45s ; Junction Electric 31s ; Kawarau Bridge 10s 6d ; Miller's Flat Electric lis, 8s 3d : Mokoia. 29.>, 28s 6d. 295, 28s 3d, 28s 6d, 28s : New Alexandra. 14s, 15s, 14s 9d ; Vincent, 48s 6d, 48s ; Waimurnu, 27s 6d ; Waipuna, 24s Teviot, 2s discount. Otago Exchange, paid up : Kelly and Casey, 31s 3d ; Majestic, 16s 6d ; Meg and Annie. 77s ; Merrimac, 7s 6d ; Moa Flat. 20s 3d, 20s 6d, 20s 3d, 20s. Teremakau Is discount. Equitable Exchange sales at premium : Trafalgar, 10s 6d. Paid up : Leviathan, 40s ; Reeves' Proprietary, 21s 9d ; Upper Magnetic, 34s 6d.