THE GOLDFIELDS.

New Zealand Herald, Volume XXXVIII, Issue 11679, 14 June 1901, Page 6

THE GOLDFIELDS.

j AUCKLAND SHAREMARKET. '■ i The Stock Exchange reopened yesterday to i quiet business. Investment stocks had fair y ! demand at late prices. In mining lines 0 i Broken Hills sold at 3d. In Upper Thames : lines Chelmsfords were bid for at Is 3d, i • sellers Is 6d. Oilers of 12s 4d ior Crowns i were declined, sellers asking 13s. Komata n • Reefs eased from 3s to 2s 10J. buyers 2s 7d. ; Waihis had demand at £9, sellers £9 10s. 0 ■ For Waihi Extendeds 4s 4d was ottered, ! sellers 4s 6d. There were buyers of Waitee : kauris at 10s, sellers 12s 6d. In other lines ; late prices ruled. I THE GOLD RETURNS. 5 i A RECORD OUTPUT. i s j TOTAL FOR FIVE WEEKS, £67,738 13s. 1 : During the five weeks ending to-day the ! gold returns for the Auckland district have ,*' reached the record total of £67,75813s The ! returns for the first four-weekly part of the . : period, representing one month's crushing = : operations by " the companies concerned, , amount in all to £61.743 13s 4d, in itself - constituting a record for any monthly period V : in the history of the fields, and exceeding ' I the former record—that of October, 1899— , by £1830. The present total output is . ; made up as follows: — j Ohinemuri, £54.244. . j Thames. £6055 3s lOd. . j Coromandel, £7439 9s 2d. * — —— . I N.Z. CROWN MINES (LIMITED). .' j £5995 FROM 2896 TONS. 1 TOTAL TO DATE, £354,336. : j During the month ending May 31 the New j Zealand Crown Mines (Limited) crushed i ' and treated at their battery, at Karanga- - i hnke, 2896 tons of ore for a return of bull lion valued at £5935. This is a slight decrease upon the April return, when 2888 , tons yielded £6118. The total amount won " from the mine to date is £354,336, as • shown in the following table of details: — Bullion obtained prior to 1395 £138404 • To December, 1898 52,024 I ! To December, 1899 71,636 > I To December, 1990 66,515 • ] £328,279 j January, 1901, 2990 tons 4,800 • I February, 1901. 2834 tons 4,502 . : March, 1901, 2836 tons 4,642 ' ! April, 1901, 2888 tons 6,118 . i May, 1901, 2896 tons 5,995 Total to date £354.336 . WAITEKAURI G.M. CO. (LIMITED). £4668 FROM 2806 TONS. TOTAL TO DATE. £314,436. During the month ending May 31 the • Waitekauri Gold Mining Company (Limi- • ted) crushed and treated 2806 tons of ore ' for a return of bullion valued at- £4668. i Compared with the return for April, when ! 1901 tons yielded £3501, this shows an increase. The total amount won from the mine to date is £314,436 17s, as shown in the following, table of details : — To December, 1897 £35,492 11 0 To December, 1898 64,052 6 0 . To December, 1899 74,276 0 0 j To December, 1900 70,749 0 0 £294,569 17 0 I January, 1901. 2"78 tons 5.097 0 0 i . February, 1901, 1837 tons 3.306 0 0 ; March, 1901, 1885 tons 3,295 0 0 ' i April. 1501, 1901 tens 3,501 0 8 i May, 1901. 2806 ton 3 4.658 0 0 Total to date £314,436 17 0 KAURI FREEHOLD GOLD ESTATES (LIMITED). £1290 FROM 810 TONS. TOTAL TO DATE, £34,844. During the month ending May 1 the Kauri Freehold Cold Estates Company crushed 451 tons of poor ore, but none of the tailings were treated by cyanide. ; 403 tons of slimes were treated in the filter press plant. The total return was £548 Is 9d. For the period ending May 29. 389 tons ol ore, have been crushed and the tailings from the previous crushing have been treated by cyanide; also, 503 tons'of slimes have been put. through for a total return of £742 Is lid. or a total for the two months of £1290 3s Su. The total amount won from the mine to date is now £34,844 3s Id. The Maiden main shaft is now down 331 ft. and is to be sunk to 400 ft. In the Rangatira mine the No. 5 level continues to open up good ore. At the battery the filter press plant is doing very satisfactory work. A working trial with Sutherland's process oi direct treatment of the slimes in the presses without previous agitation with cyanide, has given excellent results. HAURAKI No. 2 G.M. CO. The. Hauraki'No. 2 Gold Mining Company's drive has been extended a further sft. The country and leader are about the same as when last reported. The leader lies on the. hangmgwall of the reef, and will soon junction with it. ALPHA G.M. CO. The extension of the main crosscut in the Alpha mine has been proceeded with as usual. The country entered upon is still of a splendid description, and traversed bysmall veins of quartz of an important character. On Friday, the 7th, a very promis-ing-looking leader was cut, and according to its inclination, which is to the west, and the underlie of a small body of ore that was met with in the early part of the week, and which is towards the east, there is reason for believing that they will junction at a point over the crosscut. There is a probability by the gold they carry that something of importance may result from the association of these, bodies the distance separating them is exactly 12ft. The level has been advanced a further distance of 14ft. THE MINING DISPUTE. [l)T TELEGRAPH.—OWN CORRESPONDENT.] Tiiamks, Thursday. In connection with the miners' dispute it is not known if both parties will agree to the finding. Some of the representatives of the companies cited express the opinion that they cannot pay the increased wages and work their properties at a profit, and intend laying the whole, of the particulars before their Home principals. GOLD PURCHASES. [nr TELEGRAPH.— CORRESPONDENT.] _ Thames, Thursday. During the month of May the local banks purchased gold won from the undermentioned districts, as follows: — Rank of New Zealand: Thames Borough. 7200z 16dwt; Thames County', 881oz 19dwt; Ohinemuri County, loz 7dwt: total 160707. 2dwt. Rank of New South Wales: Thames County. 390z 19d\vt; Thames Borough, 114oz 4dwt: total. 1540z 3dwt, GRAND JUNCTION. [r»T TELEGRAPH.— CORRESPONDENT.] Waiht, Thursday. The manager of the Grand Junction reported to-day that good progress had been made in sinking the shaft from the 500 ft level, 25ft having been sunk since the resumption of operations. The south drive meanwhile has been pushed ahead, and is now in 530 ft. The country has undergone a change from hard brown sandstone to bands of mineralised ore, intersected with quartz stringers. The appearance of the country j gives rise to the supposition that one of i the most important lodes in the Waihi Com- ! pany's ground may be at truck before long. The drive is comparatively dry, the dam, which is still closed in the other*level, allowing very little water to escape. Consequently the pump is only worked at intervals. The Waihi west section is progressing satisfactorily. The management has decided to sink to 500 ft before commencing crosscutting. The present appearance of the country is hopeful. DUNEDIN STOCK EXCHANGE. [BY TELEGRAPH.—PRESS ASSOCIATION.] Dunkdlv. Thursday. D lined in Exchange sales: Ahaura River, 4s ; First Chance, 33s 6d, 33s 3d ; Fourteenmile Beach, 40s, 39s 6d; Golden Bed, 20s, 19s 6d ; Golden Link, 15s; Grey River, 19s 9d, 20s; Mokoia, 295; Monte Christo. 22s 6d. 20s 6d; Nelson Creek, 58s; New Alexandra, 5s 3d; New River, 9S 6d, 9s 9d ; Richards' Beach, 4d ; River Molyneaux, 225. Otago Exchange: Molyneaux, 225; Second Magnetic, 295. Equitable Exchange : Golden River, 5s 3d,