MINING.

New Zealand Mail, Issue 1264, 21 May 1896, Page 29

MINING.

NEW ZEALAND MINING PROPERTIES IN LONDON. Special to tiie New Zealand Mail. London, March 26. The Goldfields of New Zealand_ Syrnlicafe issued the prospectus of the Waitekauri Central Gold .Mine, Limited, on Monday last, and appears to have obtained sufficient capital from the public (and elsewhere) to warrant one using the word ‘ floated ” in connection with tho concern, 'the Central has a nominal capital of .£65,000 in 130,000 shares of 10s.. Of this number 40,000 havo been appropriated to working capital, 47,000 wore offered to the public, and the remainder form part of the payment to the vendors for the ” Two and Two make Four ” licensed holding containing about .14 acres situate in the Waitokauri For this small property the vendors ask .£15,000, but they content themselves with £3500 in hard cash. Tho directors of this Company are Mr George Hardin and MajorGeneral Hutchinson, of the Waitekauri Extended, Mr Charles Bingham, of tho Komata Reefs Company, and Mr J. S. Rutherford, a Goldfields of New Zealand director. Messrs Beaver Bros, aro of course the consulting engineers. To-d»y tho prospectus has been circulated of the Hauraki Associated Gold Reefs, Limited, a promising concern brought to London by Mr W. rf. llampson. The capital is £IOO,OOO in 4s shares, which become paid up on allotment. Twenty-five thousand pounds of the issue of £50,000 is available for working capital. The purchase price is £75,000, of which the vendors insist twothirds shall be paid in shares and give tho

directors tho option of paying the balance in the same way. For this sum tho company obtain a provod gold-bearing proporty of about 63 acres (or at tho rato of £ISOO only per aero) on tho Tokatea Hill. Tho directors of the company are Lord Norreys, Sir C I'. Cunninghame, Mr E. T. Road, Mr Henry Times, Dr Reginald Eager and Norman Tronson—a very fair board indeed. A local committee consisting of Mr Malcolm Niccol and Mr J. H. Porter will keep an eye on the company’s affairs in the Colony. Mr Hauipson, by the way, has eorno near making a record with this property. It is only ten days since ho first placed the papers in the hands of tho syndicate responsible for its public appearance. London, March 21.

Two New Zealand goldmining companies have been floated this week, to wit, tho “ Waihi Consolidated Gold Mines, Limited,” and the “ Waitekauri C''oss Goldmining Company, Limited.” Tho firstnamed is capitalised at £200,000 in £1 shares. Of this amount the vendor takes £70,000 in shares in part payment of tho purchase prico, 50,000 are appropriated to working capital, and 130,000 were offered for public subscription. The properties to bo acquired by the Company aro the 100 acres leases known as the “ Brilliant ” and “ Favona,” which adjoin the “Silverton” and “ Grand Junction” mines. For the properties, Mr .1. W. Walker and his coowners demand £150,000, payable as to £SOOO cash and the rest in shares or cash or both at the option of the directors. Tho price is big, hut from the reports of Messrs James Bark, 11. 11. Adams, J. W. Cornhill and Mr Walker, the Company would seem to ho getting tho property “ dirt cheap.” It is claimed that tho Martha lode traverses the entiro length of the two claims, and that the Silverton No. 2 reef strikes into the Favona block at a right angle to tho Martha. Tho directors of the Company are Major-General Philip D. Henderson, C. 5.1., Colonel A. Le Messuricr, C.1.E., 11. E., Mr Alex. Raesido (a director of the Wailii-Silverton Extended), Mr J. W. Scotland Mr G. A. Withheld. The Company will also havo the services of a local “committee” in the Colony composed of Messrs C. E. l’urchas, J. J. Craig and C. McLean.

Tho Waitekauri Cross, which went to allotment on Wednesday, has a capital of £IOO,OOO in £1 shares. Of these, 35,000 were offered to the public. The properties acquired by the Company aro tho leases Taranaki, Taranaki Extended, Waitekauri North and tho Mikado, making in all about 100 acres. For this the vendors (the New Zealand and General Mining Syndicate) ask £50,000, payable as to £IO,OOO cash and £■lo,ooo in fully paid shares. Shares to the amount of £50,000 have been set aside to provide working capital, of which 25,000 were included in the public issue, tho remainder being held in reserve for future requirements. Tho directorate includes Messrs J. IV. Broomhoad, Alexander Raeside, Daniel King and W. 11. Milstead, tho latter being a director of tho vendors’ syndicate. Tho managing director in the Colony will he Mr Samuel Ilethcrington. BUSINESS ON THE AUCKLAND SIIAREMARKET. A uckland. May 19. The following were the closing quotations

BurKUS.—Adelaide, (id ; Albumin East, s*,d ; Cardigan, Is Id ; Climes, 4*l; Kuraimi, Is (id; May Queen Extended, Rid ; Tapu Fluke, Gd; New Albumin, 5s lOd; New Whan, 3s 63; Koval Is Id; Scandinavian, B‘d; Victoria, 3s-kl ; Ajax, 3s; Aorere, Is; Golden Anchor, l<Ud ; Invicta, 4d ; Juno, 6Jd; Maori Dream, Is 3d : Monarch of All, 9d ; Phoenix, 4d; Try Fluke, 7s 3d ; Waitaia, 3s ; Byron Bay, Old: Central, lid; Cholt, 3d; Day Dawn, 5d 1 Kuaotunu, Is sd; Hercules, 8d ; Karangahako, 7d ; King of Waihi, 6jd ; Mariner, sd; Oceania, 7d ; Owharoa, 3s Id ; Portsea, 7id ; Sovereign, Is Id ; Victor, 2s lOd ; Waihi Consols, Is; Waihi, Extended, lOd; Waihi Silverton, 75s ; Waitekauri King, 7d ; Waitekauri No. 2,8 d; Ward Proprietary, 4d ; Wealth of Nations, 5d ; Young New Zealand, Is 6d; Zion, 7d ; Britannia, lOd; Golden Lead, 7d ; Hauraki No. 2, Is 7d ; Katie, 2Ad ; New Golconda, Is 3d ; Tandem, Bd. Auckland, May 14. At a meeting of the Jupiter Goldrniuiug Company, the directors were authorised to sell. A strong syndicate is to inspect the property next week. . i A cablegram lias been received by Lie Waitekauri King directors stating that the promoters will pay deposit upon receiving

power of attorney and certified copy o' licon3es. Tho following cable lias been sent in reply: “Power of attorney posted, Waitokauri King; titles perfect. Cable deposit.” An offer has been received for the flotation of tho Cardigan property. It u understood that only a minor detail stands in tho way of successful completion. The directors of tho Zealandia Company have been asked to state terms on behalf ol a London syndicate. A cablegram has been received respecting tho Alpha property that negotiations are progressing satisfactorily. An extraordinary ri e in shares has taken place, from about Is Id yesterday morning to sales at 7s 31. to-day, tho latter price being refused alter call. Owing to some misapprehension regarding the boundaries of the Sovereign and Vonng New Zealand properties, Mr D. E. Cion: lias intimated to tho directors of the former company that ho is not prepared to take up the flotation. Other offers had however, been received by tho directors for the sovereign mine. . ... Tno negotiations for the flota’i >n of the Golden Lead property on the Loin ion market' arc now approaching completion. The directors havo received a copy of the contract Horn the London agents, and also a eablo stilting that the property will be floated tins month. Tho option, however, rims to tho 26th June. Auckland, 55nv IT The market closed with good bu -m-'-s m mining stocks on the Exchange 1 i-day. Vi »o ;- stocks sold as high as 28s lid, wi'.il ;■! II further buyers at that price, and no yd' y under 30s. YVuihi-si!vertons eiiungcil nt 765. and were still wanted at tint prio ' Grace Darlings wore firmer, sales taking pi me at Is lOd and Is lid. Waihi < Vci-.u.- > sold up lo Is3l, and Waihi .South-hares ;ti :-. Crowns wore still in demand at .ns 01, vimi no sellers under 425. Thames stocks were freely inquired I m and sales were made of Moaeatairis a! 1 i and Hazolbanks at Is. Coromandel stocks were in more favour loday. Bunker’s Hills sold at 7s 111, and Ei.ic in-Hands at Is 61. New Golconda adv.-m a to Is Id, while free sales wen: meh'M Z alaildias at Is 3d and Is 11. Bride oi Geatl“a - have advanced during the last 1 w id tvs, ; being inado this morning at Is od end I Progress Castle Rock shares nub. 'A'iiu su men inquiry, and advanced from Gd to loin. 11l Kuaotunu stocks the only sale- were Jupitors at 4s, with buyers at !s Id. end Goldon Anchors at Ibid and 1 Id. The proporfies at Waiorongomni con-u•!.-ing of Now Finds No. I and 2, t!t• • Empire. Scoptro, Sceptre Extended, special claims which havo been worked for tlm In : eigh. or nine months by the Waioroiuomai ■ l ' cate, wore to-day transferred to Hi" New Z land Exploration Company, iiiruggu Heir attornoy, Mr R. R. Hunt. Ihe l"uu-:cOi m is oho of the most important sales lo" .1. mug time, as the property was psireha-'M o;:i----right for a sum of £17,u00, ol wfncii ~ paid some months ago for Hi * option <u , yesterday afternoon the pureli i-e v,\i ■' *■ e:iplotod by the payment of the balance *>! u« inonev, £12,009. Auckland. May H. Tho offer mndo by Mr F. Hull for He Hu 1 u Consolidated property his been '4 '■;* l. Negotiations with anotli- r company civ nv..' being considered by tho directors. Negotiations for tho sale of tne >1 •«In toan English company are now in pr-gee Shines in the Jupiter were in good d-on m 1 to-day, in conscqucnco of its being Icuo vn that two or three offers had bcui rei: iv I the directors from persons who ’.vein i m float the property on the L ind ei in id-: d . Free transactions f ook )d iee to-Guy ;n o m South shares in consequence o: t l-ul , cable message, which was po-t.-ed re* t..- , - change to-day: deposited at hank £69o.’’ I lie ce.pit :d cl ;a ■ new company is to be £9l),(.W'». 4na o i ;ci ■■ terms upon which the properly we * .■ a Home were as follow :—Tile local s.iar-dii i ; to receive £6090 cash, equal lo a gre-.d,, 1 - dend of 2s per share, and 2u,nuo share- I *>*' •' liaid up to £l in tins Company, witfi a '■■■;• ' H of £109,099 ill £1 slmros, a working e.qni.u to be provided of £20,099. A I'I'ICLA Nil. el I.y I'd. An offer has been received by Hie nwie." s of tho Nevada, Kiiapelm, New (•nl.-d.iiiia ami Empress holdings at Owharoa fur the i!■ >1;. - tion of the eombiued propertics lor .is.i'in <■ i h and 25,060 shares in tho company, wirii a working capital of £'lo,oll. Mr G men. agei t for the owners, tolegiMplied y- • iv a ■' cling tiie offer. Two oHts have been r,-• '■>*■ ih • Golden Fleece property. The direei „•, ~ not accept eitiicr at present. Dunedin, ei ;y Id. The tributersof Cromwell Cousii.uiv cue • have obtained 9loz for a rrii-iiiug cc r ihre • months' work The party *",u-i-g .-ix men, and is ono of two parlies ec:i*.e; to 1 mine. Ref.Eton. May 16. The Consolidate 1 Goldfields "I Nc.v Zetland Company, Limitcl, hm t •.!.••:i • * v■ ■ ;• * ■ Humphries Gully property, near if mire, and will provide a cash woraiug <• ipi -u £59,000. A company is being for ie-d :•> uu.-s groups of mines in the Northern Terri.ory. .'south Australia. Mr A. T. Bate lias re-civcl He-_ folio ain •; telegram from Mr William Clc ; . manager oi tho Knrangahukc C«■ HG ini Company, shares in which ■ 1 lllflil in Wellington : "R -c .'■:'! ( ’ ing telegram from mine man r. . ' ngalukc: Am mecling will) y'-cd small .specimens (Xo 4 l‘".'ci t m'' day’s assay. Big demand for ■ ji-'- *'•■- 1 ' • In rcl'crnnco tothcns.-aymciii.iom ■!. i ue Now Zealand Herald says : " w r 'w . yesterday received I,ho l'ojh.wni"' .<•.< i! assays made from samples from tu * i\ a.'.ing • hako Goldmining’s Coinpany’.s mine. Mr J. Kitchener Wilson:—Brown viid'lo Gold, loz IRlwt 9gr, value SA 5s 0 1 ; -1' 2oz 17dwt 12gr, value 5s od: < .dal. AH ly ■ 2d per ton. N 0.2 sa'njilc. whil • t: -ue ;'R i. 1690 z 17dwt 4gr. value £179 8* 81: silver. 105 oz 3dwt llgr, value £lO 10; id: l"’. J. £689 19s per ton. The laitur .-ample stated by Mr W. Clarko to o.* froe: a .unr- ' inch loader, and that tho ftou? v.-e s t ikon from between 391 b and 491 b of stone.” Tho Woodvillo rifio team beat Me.: ton I-i-.': week at Marion by nine ■, exciting contest. Tlicro -■ a side. A parade of tno Cry Rrl i ' t Drillshed on Monday. Captain Dull *" v; -i ; command, and assisted by Lieu; riant . 1 , . Alter the parade the social commitf--" m-l; to decide the arrangements for a " seei i! ” to rr.: given on tlio Oth of June.

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brandy and not stopping him. Ihe proceedings might liavo arisen from spite, but ho must convict on each charge. Defendant would therefore bo convicted and discharged and the liccnso cancelled, it having been twice endorsed already; costs £2 7s. One week was granted to make the payment. The two boys Walter Cathro and Frederick Needham were brought before Mr Greenfield, S.M., on Saturday, charged with stealing ,£55, the money of Mr T. doling, solicitor, under circumstances already reported. On the application of Mr Young the charge was altered to ono of stealing T 3, in order to allow the matter to be dealt with summarily, and the accused were remanded for a week for the report of the Probation Officer. Accused were admitted to bail in one surety of iilO each. Mr Skerrott appeared for Needham.

There was no appearance of either plaintiff or defendant at the Magistrate’s Court on Monday in the case in which John Hoare sued Henry Fielder for the recovery of 8s deducted from his wages for goods supplied. The charge was laid under the Truck Act. On Monday at the Magistrate’s Court Win. Potter was sentenced to three months’ imprisonment for stealing an overcoat, valued at £’>, t!ie property of 11. P. Ward. Henry EiLken and Frank V. Lanckin, for having committed a breach of the peace in Willis street, were fined ss, or 21 hours’ imprisonment. John Bright, charged with having stolen a pewter pot, was discharged, the police h iving been unable to find an owner for the article. James Darmody was ordered to pay ~C2 arrears and Ss per week in future for the support of his child. Alfred Searl was remanded to Christchurch on a charge of failing to provide for his illegitimate child in that city.

At the Magistrate’s Court on Tuesday morning, S innuel Hughes and Hobart Smith, for being drunk, were fined 10s, or IS hours’ imprisonment. Smith was also charged with using obscene language, and was sent to gaol for seven days. Two first offenders wero punished for drunkenness. Henry Jefl'erd and William Lake wero charged with tho theft of £l, the money of James Nicholson, and were remanded till the 22nd. Bail was allowed the accused in two sureties of £lO each. Frederick Arnold was sentenced to throe mouths’ imprisonment for tho theft of a pair of shoes, .valued at 7s lid, tho property of A. Lindsay. Japan Karakens, for assaulting Lena Doreen, was fined 10,s, or in default IS hours’ imprisonment. Tho charge against Agnes Noary of having stolon 2s fid from James Wilson was dismissed.

At Milton on Monday, Win. Moir was fined £HO, with the option of four months’ imprisonment, for sly grog-selling at Balclutha. Defendant had thrice previously been convicted. Mr Hawkins, S.M., severely lee tun'd the witnesses for tho Crown, saying lie disbelieved their testimony. Notice of appeal has boon given.

At the Police Court, Christchurch, John Houghton, on remamd, was charged with breaking into the warehouse of the Now Zealand Farmers’ Co-operative Association and stealing therefrom goods to the value of £~>l and 7s 3d in money. Accused was committed for trial. Fred Sutton, J.P., sued Griudell, Nativo interpreter, at Napier,for £3 3sfor attesting the signatures of Natives to deeds, and for tho use of time and office. He mentioned a number of names of lawyers as charging such fees, contending that lie was equally entitled to do so. Mr Coiniord, for the defence, quoted Johnstone's oath for Justices, under which 1 !iey are hound to accept no payni'iif for sew ices as Justices. Sutton dm e l ilmt he had ever taken any such oa( It. The Magistrate, after heating argument', nonsuited him. Alexander B-dingfield, who was charged with sending a threatening letter to a girl at Ormond I .bile, was acquitted at tho Napier Court, the evidence of identification being insufficient.

to-day : Buyors. H. (i. Sellers. 8. cl. City of Dunedin ... i 7 o 0 Golden Point i 3 I p Huzelbank t 5 4 8 May Qucon ... 7 0 8 0 Muanatairi n d 12 Ii Now VVhau 0 8 0 0 Occidental 0 5 0 0 PuruConsolidated ... i 11 2 2 Sbcridun — 1 5 Jupiter 5 0 5 t Kapai-Vermont 8 2 8 ;i !) Midas 1 7 1 Alpha (I ti <; 1! Crown •10 0 ■ii !) Golden Fleece 0 7 0 8 Grace Darling ] 10 2 0 Imperial 1 81 1 7 [vanhoo 0 0 10 (juoen of Waihi ... :5 0 3 1 youth Uritinh 0 7 0 "i Ft. Patrick ... 0 7 0 7.1, Stanley 1 1 1 2 Sterling 0 S 0 p Talisman It 0 It 3 Talisman Extended 1 <5 1 0 7 Waihi Dredging ... 0 Ti 3 Waihi South... 1 O l 4 Wait.ekattri No. 1 ... :i ? 3 2 Waitekanri South ... 0 8J 1 0 Wavurley l 7 1 a Woodstock 31 0 32 0 Woodstock North ... - I) 3 Maorihmd (J 10 1 0 Hunker's 11 ill 7 ‘J 7 0 Km press 0 31 0 ,1 1 10* J’.mr-in-lland 1 8* 1 1lauraki South 1 7 1 p Pigmy 0 3 10 0 IP. Mataura 0 I 1 0 Pride ot Tokatea 1 ■1 • r > Progress. Castloroek 1 1 1 t Zealandia 1 3 1 0 1 Harbour View p