Notes from Auckland.

Otago Witness, Issue 2892, 11 August 1909, Page 28

Notes from Auckland.

(Fbom Our. Ows Correspondent.) AUCKLAND, August 4. Operation? in tho IJinemoa, claim have b&on conducted by a local syndicate, and sold ha« br<ni seen in several leaders. A low level is neoe.«ary to develop the property, and it is estimated that about 600 ft dT driving will inte>\vect cix reefs and ghe alx>ut 150 ft of barks. The north crosscut at No. 5 level of the Grand Junction is still being carried through the .Martha reof, with no mdicaiion of the footwali There is a change For the better in respect of the value of the ore now bein^ broken out, portions af winch arc mineralised. The v»idtk of

the Martha- lode is now about 40ft, and the drills are -till penetrating quartz. It ie anticipated that the reef on this level will prove some bOft in width, and that the footwali section will supply high-grade ore. August 6. The following telegram has been received by the secretary of the Royal Oak Mining; Company from the mine manager: — "' Broke down the reef to-day. There are strong da.be of gold in the stone. More quartz to break down yet." The trial crushing of 36£ tons of tho stone taken from the large conglomerate formation in the east crosscut in the Maori-la-nd mine, Waitekauri, gave a value of £2 3s 6d per ton. With the object of proving the vaJue of the formation in bulk as the drives north end south progress, other parcels will from time to time b© treated. 1 At a meeting of directors to-day it was decided to more vigorously develop the property. The rise on the hanging wall leader in the eastern end of No. 4 level in theWaiotahi mine is now up a distance of about 4ft above the back of the drive, and the leader was broken dovn to-day, but no ■ gold was seen in the quartz. The leader is much split, and looks poor. It may improve higher up, but its general appearance and that of the country are nofc encouraging at this point, which is some 25ffc , eastward of where the picked atone was' obtained in the back of the drive some days a-go. A- start has also Deen made to beat along 1 tha leading stope from where the email block was stoped, but this is lOOffc westward; and as the drive will have lo be timbered up as the work progresses, and: there ie only one shift employed, it will take some weeks to roach the point referred to above where the picked stone : was obtained. No gold can be seen in tho quartz fcssing brolc&n oat at presentTile higher grade ore showing on ihe f.oov of the north crosscut through the Martha, reef at No. 5 level in the Waihi Grand Junction mines yesterday is now in evidence well up the face of the drive. The quartz i<3 highly mineralised, and improved values may be looked for in this section o£ the lode. WAIHI GRAND JUNCTION. (From Oub Own Correspondent.) AUCKLAND, August 5. The new make of mineralised ore in ihe face of the north crosscut on theNMarthareof at No. 5 level of the Grand Junction. has considerably increased since yesterdaymorning. This make ,Ims come up from, the floor of the drive and is now more than half-way up the face, and increasing in strength. The samples of lore look well and are highly mineralised. They are also nicely coloured, and fhould aseay well. The width of the reef is now over 40ft, an<J there is no sign of the foot wall. An ex-parto application by the Grand Junction for 14 days' protection in respect „ of ins western properties has been granted by the warden. The claims arc- tho Waihi West C-hristroas Box, New Tear, Waihi Welcome, Haines Morrin, Waihi' Nortfi, Waihi Consols, and Golden Line. BROKERAGE CHARGES. (From Our Own Corrssfostde-it.) WELLINGTON, August 6In consequence of the increasing amount of busines transacted in mining scrip ths Wellington Stock Exchange (says the Post) has introduced a new scale of brokerage, which caone into cperation on the Ist inst. The principal change is the reduction of the brokerage payable upon the cheaper sorts of scrip. Under the old scale mining shares up to Is paid £<_ per share. The new scale is as follows: — Up to 6d, ±d per share ; over 6d and up to 2s, _d ; over 2s"and up to 3s 4d, Id; over 3s 4d and up to 10s, lid; over 10s, 1± per cent. These rates aro chargeable both to buyer and ecller. NEW ALPINE MINE. (From Our Own Cokrespondxht.) GREYMOUTH, August 6. Tho Now Alpine mine manager reports for the week ended August 3 es follows: — ■' No driving was done for the week. Stoping was continued above the No. 14 level, and 239 tons were paddockod. In the No. 8 elope there is 4ft of reef on the hanging 1 wall, then 6ft of mullock, and another splice of 2ft on th>3 footwali. In No 7 level coming north there is 2ft Sin oT ree£ on the hanging wall, then 3ft of mullock, and a big body of stone on the footwali of about Bft. In No. 7 stope going south the reef seems to be opening out overhead, and will measure 7ft 6in. There is no change <n the other faces." TUAPEKA MINERS 7 ASSOCIATION. The Tuapeka Times reports that the delegation sent by the Miners' Association to Waipori on Saturday succeeded in inducing the miners of Waipori to form a branch. A meeting was held in the Public Hall, Waipori, and attended by a fair proportion" of those interested in the mining industry. Mr F. W. Knight welcomed the delegates, . and explained that Waipori had a'ways been favourable to organisation of mining interests, a large and influential association having been formed there in years gone by, which had been for a long time in touch with similar associations in other parts of Otago, and had done a considerable amount of good. He hoped that the institution would be revived with a view of working amicably with the central association in Lawrence for the common interests. Mr Knight, chairman of the County Council, was voted to the chair. Messrs Smyth, president, and Tyndall addressed 1 tho meeting and explained the objects of the association, exhorting those present to do their best to promote an industry of so much Importance to the future welfare of Waipori. It was decided that a branch of tho assooiation be formed in Waipori, and that the Waipori miners meet on the next Saturday night to discuss the plan ofl. organisation of the branch. Besides the foundation of a branch, a considerable num-» ber of new members were gained by the delegates for the Miners' Association. DREDGING IN THE~ PHILIPPINES* Tho following extracts from the Philipspines Free Pre=B of July 3 will be read with considerable interest here. The Mr Wilkinson referred to is the well-knovral solicitor of this city, and the concluding: paragraph doubtless contains news unknown? oven to his best friends: — "The best newi heard from Paracale for some time is thafe the Paracale Gold Dredging Co. (Ltd.), th« first to operate in that district, bos d»«

cicled to begin at once the construction ofanother dredge. This is a direct result of the visit of John Wilkinson, the company|s Solicitor, and one of its director's, and it furnishes the best kind of as to the success of the present company and the future gold-dredging possibilities of the district. This step was decided upon by Mr Wilkinson only after careful surveys and plans of the ground being worked by the company, and numerous additional boring tests. What these showed is indicated by the company's decision. No time is to be lost in getting the dredge to work. About 50 tons of the necessary machinery were shipped on the Betgona this week, and construction is to be pushed under the direction of Manager Gordon. With fair luck the dredge ought to begin work the first of next year." Under the heading "Big Dredging Engineer Coming," the Press continues: " Still another indication of the Paracale Company's faith and enterprise is the projected vieit of F. W. Payne, the com- i pany's consulting engineer and the best known dredging engineer in New Zealand. He is expected within a few weeks and will visit Paracale to determine the nature of the crushing machinery to be uijed and certain classes of machinery to be installed ! to handle the quartz and black sand, brought up by the dredge as by-products. Upwards of 2000 tons of this material havebeen stored away. These by-products are expected to increase the returns very materially." The - following paragraph appears under the Leading " Preached to Mining Men" :—: — Mr Wilkinson and Mr Gordon returned to Manila this week from that district. Mr Wilkinson, who is a missionary, left yesterday to attend a missionary conference in China.. La6t Sunday he conducted religious cervices for the mining men in Paracale. MYSTERY FLAT COMPANY. The directors of the Mystery Flat Oomipany will submit tho following report at th^ forthcoming annual meeting: — "In submitting a statement of accounts for the past financial year, the directors ar« pleased to be able to report the continued success of the company. The yield of gold, though 3680z below that of the previous 12 months, was sufficient to provide for 12 dividends, amounting to 22s 6d a share, making £4 3s 6d to date of balance, einee when a further dividend of 3s 6d a share has been paid. The expenditure (excluding income tax) was £148 less than that of the preceding year. The dredga has been kept in good repair, and the previous year's excellent recor<T of 6016 working hours has been exceeded by 32 hours. An advantageous arrangement for the supply of coal has been made, and improved facilities for the cartage of it have been provided. The directors have recently had two pieces of ground at the top boundaries of the claim pegged off, and the necessary application will be made at the September sitting of the. Warden's Court. The retiring director is Mr It. Rutherford, who offers himself for re-election, as dees the retiring auditor, Mr James Brown." DREDGING* RETURNS. The weekly table of returns reported from Otego and Southland dredges shows a total of 6630z 7dwt won by 26 dredges, or an average of slightly over 25£oz per dredge. Two West Coast dredges have won 60oz

DUNEDIN STOCK EXCHANGE. The market this week has not been so "brisk ac :t was during the previous week, although prices all round have been fairly well maintained. A number of investment stocks have shown a slight tendency to firm, and a. good deal of business has been done in these lines. National Banks changed hands on Thursday at £9 ss, and closed j with a seller at £9 10s. Bank of New Zealand? are wanted at £9 without tellers. National Insurance were quoted on Friday *t buyers £1 8e 9d, sellers £1 9e 3d. Standards are inquired for at up to £1 3s 3d, with sellers at 3d more. For Union Steams £1 13s 6d was offered and £1 14s 6d asked Business was reported in West port Coals at £6 15s, and that is about the pros-snt; ro&rket value of these shares. Westpoit Stocktons were sold early in the week at 7s- 6d, but there has been «fe further demand. Milburn Limes aro now a shade firmer, with buyer? at £1 6s and sellers at £l 7s. Twelve shillings and sixpence is offered for the small i'-su* 3 , arxl sellers are asking 13s 6d. Mo c gie!s are wanted at £2 14s 6d, but there aro none offering. N.Z. Drugs aro quoted at £2 6s 3d— £2 7s fot buyers and sellers respectively. Sixpence Separated btrvcr and scilo.- of n<-w issue Poitland*. which wero offor* d at £L ; 1m 9d premium. Buyer* wore net uuoinr |

' yesterday. M'Leod's Soap were on offer at £14 without buyers. For N.Z Papers sellers ask £1 2s od. While a good number of all the larger Auckland stocks and of Consolidated Goldfields have been changing hands, yet the market all round in Auckland shares is slightly easier. Considerable fluctuations have been noticeable in Grand Junctions. Towards the beginning of the week they were bought as low as £2 12s 6d, but on Thursday ordinary sales were reported at up to £2 16s. On Friday they opened with sales at £2 15s^ but fell sharply without apparent cause to £2 13s 6d in the afternoon, when the stock closed with buyers at £2 13s and sellers at £2 13s 9d. Waihis have shown a steady upward movement, and sales have been made at up to £9 10s 6d for London delivery and £9 10s for ordinary delivery. Talismans have afco firmed slightly. During the week £2 18s 6d was paid for them, and the latest figures 6how buyers at £2 18s and sellers at £2 19s 6d. There hag been very little movement in Waihi Extandeds and. Wa rota his, which are worth about 7s lOd and 7s 6d respectively. Waihi Consolidated are offered at 5s 6d, v/ith buyers willing to give 3d less. Tairua Broken Hills have improved slightly to sales at 2s lOd, at which price more ' are on offer. May Queens have declined from 6s 3d at the beginning of the week to 6s 2d and 6s Id on Friday Kuranuis are also 2d or 2d easier. Royal Oaks, which brought 3s lo£d yesterday morning, fell about 9d a share after the call, and a good many changed hands in the afternoon at 3s Id. Barewoods are slightly weaker than they were last woek, and were quoted at 13s — 15a 3d on Friday morning. London delivery business was reported in Consolidated Goidfiekls at £1 5s 9d, £1 6s 3d, and £1 6s 6d, but the market i 6 now easier. They were wanted at the last call on Friday at £1 4s, but holders required Is 6d more. Electrics when last quoted had a seller at 4s 10£ d, but no buyer. Golden Beds were bought on Wednesday at 10s, but 3d more than that was offered for them yesterday, sellers asking 10* 9d. Hartley; and Rileys are on offer at £1 4s 9d without buyers, and Island Blocks are offered at 2s 6d. Buyers of Muddy Creeks have been rapidly advancing their quotations, and reached £3 10s on Friday, when sailers dropped half a crown to £4 17s 6d. There were buyers of Manuherikias at 8s and sellers at 10s. Otagos were offered at £1 and Paotolus at 8s 3d without buyers. Rise and Shines also, whioh are offered at £1 13s 6d, are not in demand. Sailor's Bend have buyers at 6s, but sellers are 3s in advance. Paid-up Roxburgh Amalgamatedsi are wanted at 6s 3d, while the contributory issue is quoted at 5s 9d — 6s 9d. The only sales made on 'Change on the 9th were in May Queens, which advanced from 63 3d in the morning to 6s Ad in the afternoon, with reported sales et 6» sd. Golden Beds were offered at lls, with buyers at 10s 6d. In the morning there were buyers of Talismans at £2 18s 3d. but in tho afternoon the selling quote of £2 19s drew no response. After business had been reported at 76 lOd Waihi Extendeds hardened to buyers at 8s and sellers at 8s Id at the late call. Waihi Grand Junctions have shown practically no movement since Saturday, and the closing quotations were £2 13s 6d — £2 14s 6d. Sales were, reported at £2 13s 6cl and £2 13s 9d, and in the afternoon at £2 14s. Waiotahis were wanted at 7s 3d, with sellers at 7s sd. For Bank of Now Zealan-ds £9 2s 6d was offered in the afternoon, and £6 14s for Westport Coals, with sellers prepared to quit at £6 16s. The following are Monday's latest quotations, subject to the usual brokerage: — Dbedgin'g Stocks Alexandra Eureka — Sellers 3s 3d. Electric— Sellers £s. Golden Bed— Buyeis 10s 6d, sellers lls. Hartley and Riley— Sellei-s £1 4s 6d. Lady Roxburgh (contrib.) — Sellers 4«. Manuherikia — Sellers lls. New Roxburgh Jubilee — Sellers 6s 6d. No Town Creek— Sellers 12s. Rise and Shine— Sellers £1 13s 6d. Sailor's Bend— -Buyers 6s, sellers 10s. Mining Stocks. Roxburgh Amalgamated (pd.;— Buyers 6s 6d. Roxburgh Amalgamated (contiib.) — Buyers 5s 6d, sellers 6s 3d. Barewood — Buyers 13s 6d, sellers 15«. May Queen — Buyers 6s 4d, seller- 6s Ed. N.Z. Consolidated Goldfields— Sellers £1 5s cd. Royal Oak— Buyers 2s 6d. tellers 3s Id. Talisman Cpnsgjid«+cd— Sellers £2 19s. Wftjhi Extended— Buyers Bs, sellers 8s Id. Waihi Grand Junction- -Buvers> £2 13s 6d. sellers £2 14s 6d. Waiotahi— Buyers 7e 3d, «eller s 7e sd. August. 4.— Waihi Extended, 7s 9d, 7s lid; Waihi Grand Junction, £2 13s 9d (two parcels) ; Golden Bed, 10s. Sales Reported. — Waihi Grand Junction, £2 13s 9d ; Royal Oak, Zs 7d. August 4. — Waihi Grand Junction, £2 13s 3d, £2 13.S £2 12s 6d. £2 13* 6d (two parcels), £2 13s, £2 13s 3d; Talisman Consolidated, £2 18s 6d, £3 (six weeks' forward); Royal Oak (contrib.), 3s 9d ; Westport Coal, £6 15s. August s.— Wa : hi Grand Junction, £2 15s 6d; Royal Oak, 3s 9d (two parcels); Waihi (five week-, forward). £9 10s 6d. Sale? Reported. — Waihi Grand Junction. £2 15s 6d. £2 17s 6d (eight weeks), £2 16s 6d (eight week*). £2 16s; May Queen, 6s 2d; Waiotahi, 7t, 6d ; Tairua" Broken Hills. 2s lOd ; Consolidated Goldfields (London delivery). £1 5s 9d, £1 65 3d. £1 6s 6d ; National Bank. £5 ft» : Waihi. ' £9 10s. August 6. — Waihi Grand Junction, £2 15s, £2 13s 6d; Waihi Extended. 7s Kid (three parcels) ; Royal Oak, 3^ Id (four parcel") ; Saxon, 2s. Sales Reported. — May Queen. 6- 2d. £w Id; Royal Oak, A- 10^1; Waihi Grand Junction. £2 15> 6d. Ausrusfc 7.— Ha it ley and Ri'ey. £1 3-=: Standard Insurance, £1 3s 6<l (two parcels) ; Golden Treasure, £1 12, 6d. August 9. — May Queen, 6s 3d (two parcels), 6s 4d. Sales Reported. — Waihi Grand Junction, £2 15, 6d, £2 13* 9d, £2 14« (two p-irce!-,) ; Waihi Consolidatr-d, 5s 6d ; Waihi Extended, 7s lOd ; Saxon. 2s <"<l , May Qjei-n, 6s sd ; Kaikorai tramway debentures, par. AUCKLAND STOCK EXCHANGE. (Fkoji Our Owx CoBRESPOxDENr ) AUCKLAND, August 6. Mining Mcoks on M; Auckland Exchar><rp were- vciv tLill of . c j;p, and there w\')<- a drop in se^cial r.=t«ii"-- Share- hi the Watchman miriD, cor^cj.u- lit on a tdf^.ani an-

nouncing 10lb of picked stone from the eastarn face, rose in value quickly, but the other lilies were slow The following are principal sales : Kuranui, 2s, 2s Id, Is lid, and Is 9d ; May Queens, 6s 3d, 6s 2d, os 3d, and 6s Id ; Saxon., 2s 3d and 2s 4d ; Waiotahi, 7s 6d, 76 7d, 7s 6d, 7s 5^ 7s 4d, 7s Sd, and 7s 6d ; Waita.ngi, 4s Id ; Watchman, 2.-* lOd, 2s lid, 3s, and 3s Id; Consolidated Goldfields, 25s 9d, 25s 6d ; Old Hauraki, Is Bd, Is 8d ; Royal Oak (paid up, 2s lid ; Royal Oak (contrib.), 3s 7d, 3s 6d L 3s 4d, 3s "id, 3s, 2s lCd ; Tairua Broken Hills, 25 lOd, 2s lid; Tairua Golden Hills, 7s, 7s 2d, 7s 3d; Talisman, 59s 3d; Waihi, £9 10s; Waihi Consolidated, 5s 7d ; Waihi Extended, 7s 9d, Bs, 7s lCd : Grand Junction, 55s 3d, -5*6 6d, 555, 54s 6d, 54s 3d, 57s — sellers closing at 54s 6d and buyers at 545. August 9. Mining sales.— Dixon's Consolidated (paid), lid; Halcyon, sd ; Kuranui. Is 10d ; Kuranui Caledonian. 2s Id ; May Queen, 6s 4d, to 6s 6d. to 6s sd, to 6* 6d, to 6s sd; New Monowai. Is, Is Id; N*w Sylvia. 4s *d, 4s 3d ; Old Alburnia. 2s 6d to 2s 9d (paid), 2s 4d (contrib.); Sa\on, 2s 6d to 2s sd; Thames, Is Id; Victoria, 2s Id; Waiotahi, 7s 6d, 7s sd, 7s 6d ; Waitangi. 4s Id; Watchman, 3s; Consolidated Goldfields, £1 ss, £1 4s 9d ; Four-in-Hand, Is Id; Golden Pah. 4£d ; Mount Welcome, 3d; Old Hauraki, Is Bd, Is 7d ; Kapanga, 8d ; Royal Oak, (contrib.), 2s 9cl to 3s ; Tokatca, 4d ; Ngatiawa. sd ; Bcndigo lOd ; Crown, 6s lOd. 6s 9d ; Dominion, lOd, ' lOjd; Karangahake. Is; Komata Reefs 9d; Phcenix. 83d; Prklo of Waihi. Is 3d, Is 2d; Silver Hill, 3*d ; Tairua Broken Hills, 2s lid to 3s Id; Tairua Golden Hills, 7s Zd; Tairua Monarch, 7d ; Tairua R^efs, 6d paid B£d. (contrib.) 7d ; Talisman, £2 19s to £2 18s 3d; Waihi. £9 10s 6d to £9 10s; Waihi Beach. B£d ; Waihi Consolidated, 5s 7d ; Waihi Extended. 8s 2d, 8s Id; Waihi Grand Junc"tions, £2 14s 6d to £2 14s 2d, to £2 14s 6d, to £2 15s; Handsworth, Is Id, Is 2<l, Is Id ; Mountain King, Is lOd. le 9d, Is lOd (contrib.); New Wanaia, Is 4d. WELLINGTON STOCK EXCHANGE. (From Our Own Correspondent.) WELLINGTON, August 6. In the investment section of the market there are no transactions to record, nor does mining business bulk as largely as it did during the last few weeks. At the third call yesterday transactions were reported as follows : — Waihi Consolidated, 5s 6d; Consolidated Gold, £1 7s (forward delivery). Sales reported to-day were : — Dixon (contrib.), lid; May Queen, 6s 4£d (forward delivery) ; Mount King, Is lO^d ; Royal, 3s lid; Progress, 16s 6d (forward delivery) ; Ross Goldfieldß, 17s 3d ; Talisman, £2 19s 3d (forward delivery) ; Tangiao, 3£d ; Watchman, 2s lOd The following sales were effected on 'Change to-day : — Dixon (contrib.), Is (forward delivery) ; Royal Oak, 3s lid, 3s lOd, 3s 9d. August 9. To-day the sales at the first call on the Stock Exchange were : Westport Coal £6 14s, Waihi Extended Ss Bd. Sales reported were— Gear Meat (£1) £2 12s, New Zealand Shipping £6 19e, Dixon (cont.) 10? d. 10£ d, B£d, May Queen 6s 4d, 6s 3d, Mountain King (cont.) Is lOd, New Slyvia 4s_3'l. At the noon call sales effected weire — New Sylvia 4s 3d, Talisman £2 18s 3d. S'alos reported— Komata Reefs 9d, New Sjlvia <s 3d. WAIHI GRAND JUNCTION MINE. JTHe superintendent states, legai-ding operations in the north crosscut at No. 5 level on the Martha lode, that until a few rounds of shots have been worked out it will be impossible to say whether the footwall has been reached. Progress is slow on account of the accident to the air-compressor. It is the opinion of some mining men that the Martha !odo proper is still ahead, though the present ore bedy is associated with it. This opinion is based on tho question of underlie, etc., and the fact that the present lode was cut some 55ft on the nearside of its estimated course The general opinion, also, is that tho country rock now coming into the face is not the footwall. Judging by provioiie boring operations the Martha lode ?hou.d be considerably o\er 60ft at this le\el.

oz. dwt. gr. Riley's RevivaJ, Cromwell, 128hrs 51 0 0 Ttiso and Shixu» >Jo. 1, Clutb-a. River, 137hrs 50 10 0 Mystery Flat, Waikaia, 138hrs 47 8 0 Otago No. 2, Island Block, " Wlhra 42 0 0 IS'eciric No. 2, Oromwell, 5 days -. ... 39 10 0 Muddy Creek, Waikaia, 123hrs ' 34 11 0 Golden Bed, Miller's Flat, week 31 7 0 "Waikaka United No. 1, Waikaki, 125hra 30 1 0 IWaakaka Unifaed No. 2, Waikaka, HOhrs 29 7 0 Xoputai, Waikaia, I2Bhrs ... 27 13 0 Good Chance, Alexandra- ... 27 10 0 Masfcerton. Waikaia. I34hrs . 25 14 0 New Roxburgh Jubilee, Roxburgh, 128hre 25 11 0 Saady Point, Alexandra, I2lhrs 23 10 0 Rise and Shine No. 2, Clutha River, 134hrs 21 18 0 Golden Treasure, Miller's Flat, 133hrs 19 10 0 Electric No. 1, Cromwell. 5 days 17 9 0 Molyneux Hydraulic, Alexandra, week- 16 5 0 <Bn±fifpnse, Alexandra, 125hrs 15 10 0 Uolden Gem. Miller's Flat, week 15 6 0 South Waikaia. Waikaia, week 15 5 0 Waikaia. Waikaia, 132hrs ... 14 12 0 Chicago, Alexandra. £2hrs . . 14 4 12 Central Charlton, near Gore, 131hrs 13 1 0 Olrig, Manuherikia, week 7 12 12 Charlfon, Creek, near Gore, 3£ days ... .., ._ ... 7 2 0 Total 663 7 0 Thb West Coast. TVorksop. 116hr s 34 7 0 New Trafalgar, I2Bhrs 25 17 0 Total — ... ... 60 4 0