THE GOLDFIELDS.

New Zealand Herald, Volume XXXVIII, Issue 11824, 29 November 1901, Page 5

THE GOLDFIELDS.

AUCKLAND SHAREMARKET. The market was quiet yesterday. Investment stocks had fair demand at recent rates, but no business resulted. In mining lines Kuranuis changed hands at 2d, and sellers closing at 3d, with buyers at 2d. For Monowais 2s 5d was offered, sellers 2s 9d. In Upper Thames lines Waihi Extendeds improved with sales at 2s 8d and 2s 9d, late sellers asking 2s lOd, with offers of 2s 7d. Chelmsfords were held at Is 3d, without buyers. In other lines late prices ruled. THE GOLD RETURNS.

TOTAL FOR THREE WEEKS, £67,170. LAST YEAR'S OUTPUT EXCEEDED. The gold returns from the Auckland district tor the past three weeks have reached the highly-satisfactory total of £67,170 0s lid. This is the record yield of any threeweekly period to date, exceeding the next highest (that of the three weeks ending September 27) by no less than £3856 18s sd. It is, moreover, but £568 12s Id short of the grow return for the longer period of five weeks ending on June 14 last. The total output from the Auckland district this year to date now amounts to >J636.7&4 xa "id, which is an increase of £1730 2s Id upon the gross output for 1900. Tho present three-weekly return is made up as follows:Ohinemuri, £61,242 4s 9d; Thames, £929 Is lOd; Coromandel, £1998 14s 4d: total, £67,170 0s lid.

WOODSTOCK G.M. CO. The Woodstock Gold Mining Company completed a final clea.n-up preparatory to closing down their battery at Karangahake for a return of bullion from the solutions and zinc boxes of the value of £618. This brings the total amount won from the mine to date to £71,056 13s 3d, as shown in the following table of details : — To November, 1399 £66,231 13 4 September, 1901, 1638 tons 2,023 0 0 October. 1901, 1401 tons 2,134 0 0 November, 1901, final clean-up ... 618 0 0 Total to date £71,056 13 4 KAURI FREEHOLD GOLD ESTATES, LIMITED. For the four weeks ending November 13 the Kauri Freehold Gold Estates Company's mill crushed 1532 tons of ore for a return by amalgamation of £1010 19s 9d. In the cyanide plant 1101 tons of sands were treated, and in the slimes plant 896 tons of slimes, being 512 tons of slimes from the present crushing and 38-1 tons of old slimes from the. paddock. Total value of bullion recovered by cyanide £1107 6s Id, making a grand total return for the peinod £2118 5s lOd. This is the highest return obtained for a considerable time past. The stamps ran 270 hours, crushing at the rate of 3.4 tons a stamp. The sump in the Maiden shaft has been completed, and driving for the lode is in progress. In the Rangatira No. 3 level west the reef is Oft wide, of fair quality.

NEW WJTAU G.M. CO. The half-yearly meeting of shareholders in the New* Whan Gold Alining Company called for yesterday in the office of the legal manager (Mr. H. Gil Allan, jun.) lapsed for want of a quorum. The directors report stated that during the early part of the past six months work had been continued on the reefs above the Sons of Freedom lode, but without any improvement in the value of the ore. Tlie working expenses had in consequence be,en provided entirely from calls. As a result of the June call so many shares were absolutely forfeited that operations had to be suspended. Since then a little work had been done in the mine by tributers, but without any financial benefit to the company. The balance-sheet showed a credit of cash in hand amounting to £4-1 5s lid.

WAIHI CONSOLS G.M. CO. The half-yearly meeting of shareholders in the Wai'hi Consols Gold Mining Company was called for yesterday in the office of the legal manager {Mr. H. Gilfillan, jun.), but lapsed for want of a quorum. The directors' report stated that in accordance with the authority vested in them by shareholders a total 0f'45,797 forfeited shares had been applied for and allotted. Boring operations had had to be stopped owing to the hard ground encountered. In the meantime some prospecting work had ueen pioceeded with, pending arrangements being made for the hire of a diamond drill plant. The latter was now at the mine, and it was hoped it would soon be in steady operation in the direction of locating same of the reefs now being worked in the Waihi mine. The retiring directors were Messrs. W. Gome and A. Barnes, who, together with the auditor (Mr. 11. Cooper), offered themselves for re-election. The mine manager reported that during the year 220 ft of driving and 35ft of sinking had been done near the Martha Hill with poor results. Three bore-holes had also been put down, the first 280 ft, the second 80ft. and the third 90ft. Most of the boring had been in very hard rock. The balance-sheet showed a total expenditure for the half-year of £559 3s 9d. and receipts £902 15s" Bd, leaving a cash balance of £343 lis lid.

KTJRANUI G.M. CO. The Kuranui Gold Mining Company have had a portion of the underground workings in their mine at the Thames surveyed by Mr. Adams, with the result that it has been ascertained thlt the rihe on the leader from the low level is close to the tunnel level. The leader is about 10ft in the foot-wall of Hart's lode. From the strike of the two lodes they should junction about 20ft beyond the rise, and should make into a large lode. The present lead is about 20in wide, and is well mineralised, and in good country. Strong gold was met with at a recent breaking-down (samples of which are on view at the office of the legal manager, Mr. Clarke), and the prospect of meeting with rich stone past the rise is considered to be very good. The block available for working upon is a large one, there being 180Et o.i the line of reefs unworked, with SOft 0?. backs. When, the mine has been thoroughly ventilated by cleaning out and repairing the tunnel level from Hansen's crosscut to the top of the rise there will be every facility for opening up and working the block."

DUNEDIN STOCK EXCHANGES. [UY TELKGRArH. —PRESS ASSOCIATION.] Duxkdin, Thursday. Duneclin Exchange sales: Kelly and Casey, 9s 6d, 9s: Meg and Annie, iZs 6d; Royal Maori, 255, ' 26r 6d. Otago .Exchange: Boundary Creek, 5s 3d: Electric Extended, 9s; Leaning Rock, 16s.