MINING.

New Zealand Mail, Issue 1262, 7 May 1896, Page 29

MINING.

THE GLOWING FUTURE OF THE HAURAKI. Special to the New Zealand Mail. Thames, May 1. The rapid strides tliat have been made by the Hauraki goldficlds during the past five years is a matter for congratulation, and the substantial increase in production of £110,360 lis 10d worth of gold over that for the year endin" 31st March, 1895, fully justifies the prediction so often heard now a days that as these rroldfielda arc systematically developed they will rank amongst the most important in the world. Their wonderful richness is a matter of history, but as the heavy surface "shoots" or deposits were exhausted, and capital was not available locally for exploring either the deep levels or the densely wooded country of the peninsula, the industry was in a languishing .state for some years. Thanks, however, to the introduction of the cyanide process, and the success that has attended the operations in the Waihi, Hauraki, Waitekauri and other mines in which London capitalists are interested, outside attention has been gradually directed to the Hauraki goldfiolds as a profitable field for the investment of capital. It is only within the last few years that foreign capital has found its way into these fields to any material extent, but the rjsults achieved have proved so exceedingly satisfactory to investors that the Hauraki goldfields are now in she highest favour in Great Britain. , . The official statement of the Mining Inspector (Mr Wilson) gives the results of operations for the year ended 31st March, 1896, and also a comparative, return for the year previous, liefore, however, referring to the returns for 18%, it may not .novo uninteresting to refer to the results achieved since, say, 1892, as even passing reference cannot tail to convince the most sceptical of the u arvclloua strides that are being made by the industry. For the year ended 31st March, 1892, the total value of gold obtained from the Hauraki goldfiolds was £176,070 16s. The next year showed an increase of £13,323 0s lid, the total for 1893 being worth £189,393 18s lid. This was in itself a most gratifying increase, but 3891 saw this total .-till further swelled by £30,256 16s Id. the total of that year amounting 10 £219,650 15s. This was mainly due to the himecsi that had attended the aso of the cyanide process, as applied to the ores of the Ohinemuri goldfiolds ; but ■whereas the value obtained for 1891 was as already mentioned £219,650 15s, this was again 'beaten by the record for 1895, the value for that year being £261,/16, an increase of £12,095 in over that oi 1891, and no less than £85,675 2s for three years, or since 1892. And now we come to the results achieved for the year ended 31st March, 1*96, which have beaten all previous records. The total value of gol I obtained for that period was £378,106 Us 10d, against £261,716 for 1895. Of this, Ohinemuri heads the list with £171,355 Is ; then comes Coromandel with £138,897 7s 2d ; Thames, £63,913 2s Cd ; and Piako, £9ll Is 2d. The increases are as follow : Commando], £75,901 7s 2d ; Ohinemuri, £20.656 4s; and Thames, £1573 2s 6d ; whilo Piako shows a decrease of £769 18s lOd. BUSINESS ON THE AUCKLAND SIIAREMAEKET. Auckland, May 5. The following were the closing quotations to-day •. Buyers. Sellers.

Buyers.—Broken Hill, 61; Cambria, Is i 4d ; Cardigan, Is Id ; City of Dunedin, Is 6d ; Clunes, 3d; Comstock, 3d; Ifazolbank,! s 9d ; May Queen, 7s Id ; May Queen Extended, | 3d ;' Moanatairi North, 5d ; Monowai, Is 9d; New Whan, 8d; Norfolk, lis sd; Occidental, 3d ; Orlando, 6d; Puru Consolidated, Is 3d; Golden Anchor, 8d; Golden Link, 7d; Invicta North, 2d; Juno, 5d • British Empire, 6d ; Central, 9d ; Cliclt, 31 d- Crown, 34s Od; Uuanui, Is 3d; Ivanhoe'Bid- Nil Despcrandum, 3d; Owharoa, 3s •' Portsea, 8d ; Sterling, 8d ; Talisman, 10s 0d; Victor, 2s 9J; Waitekauri No. 2, 7id • Ward Proprietary, 3'd; Wavcrley, Is ; Woodstock, 21s Cd; Zion, 7d ; Coromandel Freehold Proprietary, Is lOd: Hauraki No. 0 lsßd- Hauraki South, Is 6d ; Pukewhau, 3d ;' Welcome Find, Is 9d ; Wynyardton, Bd. Auckland, April 29. At a meeting of tho Star of Tokatoa Company (Coromandel) it was stated that the powers of attorney and all documents had been forwarded in response to a cablegram from the London syndicate who wore negotiating for the sale of the property I second Brokers' Association has been formed, with an entrance fee of £SO. At tho half-yearly meeting of tho /ion Goldmiuing Company, the directors stated in their report that steps had been taken to place the property on the English market.

With reference to the cable message ' from London respecting tho Kurunui-Cale-donian Company, Thames, it is known here that the now company has a capital of £170,000, in 170,000 shares, of which number 150,000 alono are to be issued, tho other 20,000 to be reserved for the future. The working capital to bo provided is £25,000. Under tho terms upon which the property is sold Hazelbank shareholders will receive Is per share cash. They also get 85 shares fully paid-up to £1 in the new company for every 100 hold at present. As Comer's Kurunui proprietary is a private syndicate, tho terms paid for its property have not transpired. Tho combined area secured to the new company is 30 pcrcs, which includes tho famous Caledonian mine, with tho Kurunui 20-stampor battery. Auckland, April 30. The official returns of the Hauraki Goldfields for the year ended March 31st, 1896, show an output of £373,101. against £261,716 in 1395, an increase of £116,308. Coromandel county shows an incrcaso of £75.901. the Thamos an increase of £1573, and Ohinemuri an increase of £26,056. The gold received from the various centres during the year was : Coromandel £138,897 Thames ... 63,913 Ohinemuri ... ... ... 171,355 Piako 911 Total £378,106 An.'K(, A vi>. May 1. A cablegram has been received that everything in reference to the flotation of the Waitekauri King has been satisfactorily arranged. A proposal has boon made to the directors of the Central Company for the purchase of the property, the local shareholders to receive £SOOO cash and 75,000 paid up shares in a company of 200,000 £1 jh ires, with a working capital ol £25,000. Cable instructions have bem received from London for the immediate completion of the, legal documents necessary for the transfer of the property of the New Albnrnia, when £BOOO cash will be paid and the shares transferred to the local shareholders. Messrs J. W. Walker and C. McLean have completed the purchase of the Marntoto property from Niccoll and party, £2OOO cash being paid to the vendors. A company is to be floated in London. Auckland, May '.'.. The market for mining stocks wa-s decidedly hotter on the Stock Exchange fa-day than lor some time past, more especially tor the higher priced shares, a circumstance which points to outside buyers operating. Waitekauri shares were inquired for at £1 15s, and Woodstocks at 21s od. Talismans firmed in price. These shares were freely offered yesterday at 10s 3d, hut to-day sales were made up to 10s 9d, with further buyers at 10s 6d and no sellers under lis Buyers of Crown shares advanced their offers to 31s, but holders declined to sell under 365. Victors sold at 3s 2d, while Waihi Consols sold freely at Is and Is Id. Young New Zealand, shares were very firm, and sold at

Is 7d. Waihi extended were also in demand, sales being made as high a,i lid. Centrals and Jewels also firmed a little in price. Coromandel shares were rather neglected, the only sale reported being ill Hauraki No. 2, at Is 7d. Although Kuoatunu stocks were firm, no transactions were reported. Lower Thames shires were in good demand, but with little change in values beyond an advance in the price of Alburnias, •which sold at 5s 9d, and Moan.itairis at lis 2d. London, April 30. The prospTcfus of the Waitekauri Goldfields Company has been issued. The capital is £150,000, of which £50,000 is offered to the public. London-, May 1. The Waitekauri shares have been allotted. Auckland, May 1. Cable messages from London notify the successful flotation of the Waitekauri-King and tho Waitekauri No. i Companies' properties. As the result of tho floating cf tho Albnrnia Company in London, an extraordinary meeting of shareholders to wind up the local Company is to be called without delay. After this has taken place a distribution of £10,600 cash of the purchase money will ta-rc place. The directors of the Waihi Consolidated Company (Favona and Brilliant) have received £IOOO as the second instalment of the working capital. Perth, May I. At Coolgardic an important discovery of golden stone has been made under circumstances savouring of romance. Blasting operations in connection wil.h the railway were proeeedin :. when a piece of ro ;k weigning 151 b was driven tlirom.'h the roof ol the Athletic Hall, Hurley street. The bluuo assayed Odwt llgr to the ton. .Lenses were pegged, and the cutting has already di.,clo~ed 10''0 tons gold-bearing cement, of which the whole hill t" the north of the town appears to consist. The last fortnight's crushing of the Great Boulder mine produced 316 Joa gold from 932 tons of stone. (I i lOi MOI'TJI, May I. Tho Big River Company's re: urn for the week islSloz amalgam from 110 ton.: —clean up. Auckland, May 5. The Waiotahi Coldminiug Company has banked 1970 z of retorted gold as a result of crushing 181 tons of ore from all parts of the mine. The Great Britain claim (Makarau), the property of W. J. Smith an 1 A. A. Lo-.sk wood, situated on Weils block, Mercury Uay, has been .-,•■! ! i:i l.o'eio.). ihe ii/.it payment wo.-, made to-day by Buddie, iiullcn and Co. on behalf of tho purchasers. Provision is made for a working capital of £25,000. Rkefton, May 0. The Big River Company has declared a dividend of Od per share. The following additional battery returns are to hand:—Sir Francis Brake, 85oz amalgam from 70 tons, top plates only ; Puller dredge, 51oz 13dwt gold for 180 hours' dredging.

H. d. 8. d. Alburnia East 0 ii 0 M Kurnnui - - - 1) New .Albm-nia '■> '.) (i 0 Kangatira - - (1 6 lioyal Sheridan 1 1 0 0 1 1 G Victoria ■') .'! 13 5 [nvicta 0 ■'i 0 <>J Jupiter '•'< 1 :! (J Kapai-Vermont 8 (1 8 '» Kuaot.unu 1 t 1 li Midas - 1 0 Phccr,ix 0 i; 1) 71 Try Fluke 7 i) 7 9 Alpha '■> li 4 0 Golden Fleeco (i t; 0 8 7 Golden Spur... Graco Dading 1 o 0 Imperial 1 ■> 1 7 Jewel, Paid-up _ ... (1 7 0 f) Jewel, Contributing II i\ it i) Karangabako II 4J li li New Zcalander (1 U ii 7-i Queen cf Waihi ... 2 5 - U South British I) ■V, 0 G Sovoreign 1 5 1 7 Stanley - - n 7 Waihi Consols 1 1 1 * Waibi Extended ... 0 !M n 10 Waibi-Silvcrton 73 n* 710 Waihi South n 4 (i 7 Waitckauri King ... it i; (I 8 Waitckauri No. 1... 1 in ~ \i Wealth of Nations... li o\ (l l\ Young New 'Zealand 1 7 1 8 Bunker's) Hill (1 <s 7 0 Pour-in-Hand 1 t 1 G Harbour View 0 G ii 8 New Goleonda - 1 1 Pride of Tokatea ... 1 0 1 Zealandia 0 0 (I 1 |J .