SHAREMARKET.

Auckland Star, Volume XXXII, Issue 79, 3 April 1901, Page 5

SHAREMARKET.

Standard stocks had better enquiry on the Exchange to-day. JN'ew jKealand Insurance shares sold at 68/,,. jtnd South British were wanted at '<0/<J, while 19/3 was offered for Nationals, and 32/0 for New Zealand Accident shares. Buyers came in for Bank of New South Wales shares at £43, but holders asked £45. National Bank shares were still wanted at 71/0. Eiver Plate shares were asked for, new at 19/6 and old at 19/. Sharlarid's Drug shares firmed in price, buyers offering 18/0, and enquiries were made for L.OB. Timber at 29/6. In mining stocks Four-in-Hands sold at 3/ and Monowais at 2/3, while both Barrier Reefs and Woodstocks were asked for at 5/. A sudden rise took place in Waihi Extended shares, due to rumours that the Empire lode had been, cut in the Grand Junction. Shares changed hands at 4/5 and 4/6,, with -unsatisfied demand at the latter rate. GOLDEN REEFS. Driving- is still proceeding on the lode, which is looking- just the same as last reported. KAPOWAL The work of excavating- the site for the battery is beiDg pushed ahead. A start will be made upon the building next week. BARRIER BEEFS. The stopes west of the main crosscut at No. 3 level have been lengthened eastward by 24 .feet by 7 feet in height, the total length being 144 feet, A large amount of-mullock has been removed to give 'place for timbers, which are being put on. There is no change either in the dimensions of the reef or its quality since last report. Just the same results are also being- obtained from the stopes going east. In the Barrier section above No. 2 level, the stopes are 140 feet in iongth by about 40 feet in height. The reef is from one to two feet in width, and is producing good ore. The mill has been constantly running on payable ore during the week. ALPHA. The main level intersected a quartz body on Monday which the manager has every reason to believe is the No. 5 lode. At present it is a few inches thick. When driven upon it will probably increase in size. The material broken out so far is worth about £2 per ton. NEW WHAIT. At the Sons of Freedom level the band of quartz met with has now been cut through, and proves to be 4 feet thick, composed of several quartz stringers. After driving two feet through the quartz formation, a nice stringer 4 inches wide was cut, which showed very favourable minerals. Good results aro obtained from the hanging wall leader at 'No. 1 level. (By Telegraph.—Own Correspondent.) COROMANDEL, this day. WEST TOKATEA. The initial crushing from the West Tokatea Company's battery has just been completed, 10 tons of ore being treated for a yield of 450z lldwt of melted gold, valued at £130. NIL DESPERANDUM. The rise to connect the two levels has been started, and sloping is now piHX-eeding. The prospects of the mine continue most encouraging. During the past week some excellent ore was obtained. BAY VIEW. Good progress is being made with the new level in the Bay View mine, Kennedy's iJay, and a change has taken place in the nature of the coun-. try being penetrated, which is now of a favourable nature for gold. lIAURAKI RETURN. The Hauraki G.M. Co. crushed 95 tons of quartz and treated 133b of picked stone for ISSoz 14dwt of gold, value £516 12/10. \ ROYAL OAK. The Royal Oak G.M. Co., druing the four weeks ending March 30th, crushed 20 tons of ore and 2051b of picked ritonc for a yield of bullion worth £3;):} -1/4.