MINING.

New Zealand Mail, Issue 1289, 12 November 1896, Page 30

MINING.

BUSINESS ON THE AUCKLAND SHARE MARKET. Auckland, November 10. The Exchange was opened to-day and business was done this morning at the following quotations : Sales. Buyers. Sellers, a. d. s. d. Golden Point ... 1/5,1/4 PuruCon. ... 5/6 5 4 5 9 Albert ... 2/3 2 1 2 4 Talisman ... 16/9, 16/6 15 9 16 8 Waihi Consols ... 1/9 Oil 11 Hauraki No. 22/- —2 2 Welcome Find... 2/9 THE WAKAMARINA. The following report has been furnished from the workings:—A fine show of gold is being obtained at the Wakamarina Gorge. The paddock has now narrowed to 16 feet, which indicates that the bottom is not tar off. An extraordinary meeting of shareholders of the Wakamarina Golden Bar Goldmining Company will be held on November 25, for the purpose of giving the directors power to sell the property.

Auckland, November 4. A telegram was received yesterday stating that the Leap Year Special Claim at Karangahake has been successfully floated in London. Seaver Brothers have paid .£4OO deposit for the option of the flotation of the Bank of New Zealand and National Bank claims of Whangamata, and the Near Luck at last property. Sinking' operations have been started on the Sphinx property, Owharoa, for which .£4OOO has been subscribed in London.

A cablegram has been received stating that the Kapai-Vermont New Company has been registered in London. Mr P. Quinlan, who had previously lodged a deposit of .£SOO for the option of the Sheridan Goldmining Company's property, has paid a further .£IOO for a six weeks' extension, to which he was entitled under the original agreement. It is intended to push forward the work of development vigorously. The discovery of gold at Whangaruru ha 3 caused a considerable sensation about there. A number of claims have been pegged out, and work has been started. The locality is really a part of the Puhipuhi field, as the same volcanic tableland formation, flanked with slate and sandstone, extends right out to the coast.

Auckland, November 10

The return from the New Zealand Crown mines for the four weeks was IGOOoz gold,'of a value of .£2805 ; the average value of'the stuff milled being £3 lGs (jd per ounce. The Waihi Grand Junction have been pushing on the southern crosscut to intersect the Welcome lode.

The following notice was posted up in the Exchange to-day, re the Scandinavian : " The directors have received a cablegram to-day, stating that a deposit of .£SOO has been paid."

London, November 9. The shares in the Collingwood Goldfield Company, of New Zealand, have been allotted. The capital is .£150,000. Reefton, November 9.

The following are the mining returns:— Keep-it-Dark, 1470 z amalgam from 68 tons; United Italy, 86oz gold from 15 tons; Buller Dredge, 470 z gold for 196 hours' run ; Coeksparrow, 220 z amalgam for 90 hours'.