Notes from Auckland.

Otago Witness, Issue 2200, 30 April 1896, Page 18

Notes from Auckland.

Auckland, April 25. Business was decidedly better on the Exchange', ]ht>re being buyers for 74 ri fferent mining stocks lit the noon meeting li> m aiing stock business Was done in Hazelbank in coiuequence of a private table received from London stating that the com-, fekny had been floated. Shares sold at fa and then Up to 4s 3d, after which the market closed with tellers 4s and buyers 3s 9d. May Queen wero easier, and' sold at 7s 6d; New Waiht atßdand B|d. The demand for Sovereigns was as brisk as ever, free sales being made at Is 6d and Is 7d. Waitekauri No. 4 snares advanced, sales being made at 2s 3d, with further buyers at 2s 2d. Bunker's Hill shares finned, sales being made at 7a 3d and 7a 6d. Another advance was ia Hauraki Norths. 2s being offered with no sellers under 2d 9d. A few days ago these shares were freely •ffered at 2s. In Kuaotunu stocks the only sale reported was in Jupiters at 3s Bd. Amongst the passer gers who arrived by the mail steamer were Messrs P L. Fotter and Pearce, mining experts. The former is said to be under ■ngagement to Mr Ziraan. The latest cable advices state that the London market has improved as far as the prospects for Nkw Zealand mines are concerned.

The contract for the sale of the Waitekturi No. 4 mine to a Canadian Company is signed. The Monowai property at Waiomo, under offer in Glasgow, has l>een accf pted, and a company will be formed to provide the working capital to erect r large plant. Negotiations for the floating of the Hauraki North in London are proceeding satisfactorily. The Pride of Tokatea's (Coromandel) first crushing of 12 tots of quartz and 3001b of picked stone yielded 115oz of gold, realising £445. This property bas been sold to a Liverpool company. Captain Argall is at Knaotunu inspecting the new reef cut by the Kapai- Vermont at the low level, and will report on behalf of London purchasers.

♦ April 27. Cable advices received to-day state that the H&zelbstnk Kur&rmi Company has been floated in London, also that the contract has been signed in connection with the purchase of 550 acres at Tiki,, known as the Coromandel Freehold. The proprietary deposit of £500 was paid to the company to-dayi The private advice received by cable that the Hazelbank Kuranui properties were floated iv London is confirmed to-day by a cable message, which was posted on the Exchange ibis m rning as follows :— " Hazelbank Kuranui Company floated."

A notice was posted on the Exchange this morning ihat a deposit of £500 in connection with the purchase of ihe Coromandel Freehold Proprietary Company's property at Tiki had had bsen paid to the company. Just before noon the following further notice was posted :— " A cable has been received to the effect that the sale of the company's property is concluded, and the agreement for such signed." The terms upon which this property is sold are that the Dew compar.y lhall have a capital of £200,000, in 200,000 shares, of which number 40,000 fully paid up shares are to be allotted to the present local shareholders, who also receive £12,500 cash. A working capital of £40,000 is also to be provided. A private cable received this afternoon states that the property is absolutely sold. STOCK AND MINING SHARE MARKET. Sydney, April 25. The activity and rapid rise which for some months has marked investment stocks shows signs of reaching a limit, and a slackening tendency in the volume of business is apparent this week. Nevertheless there was a steady turnover both in Sydney and Melbourne at late full prices. Bank ihares, deposits, Government securities, brewery, and insurance are in good demand. Mining broken on the intercolonial exchanges had a busy week. Not sine* the boom a few years ago has there been anyilnog like such a large business. Abundant pi oof that the people are regaining confidence in this class of investment. A healthy speculative spirit was evidenced throughout, and in the middle of the week, when it was most marked, the exchanges were busy scenes of excitement. Silver, espcially Barrier stocks, changed and rechanged hands in large parcels, and in nearly every instance at a decided advance on last week's closing rates, unmarked, however, by a booming ppirit. Broken Hill Proprietaries opened sales at 475, and dosed at 50s 6d in Sydney aod 498 6d in Melbourne. Buyers eased off a little at the close, and the market had an easing tendency.' In gold, Westr&listns were in brisk demand oh the Adelaide and Sydney Exchanges, the values of all proved stocks showing firmness jind buoyany. The Westralian Exchange displays % booming tendency. In Melbourne speculators chiefly confined- their attention to Victorian •tocks, and several good advances were realised. - , Perth, April 25. A big lode, carrying rich gold, was struck at Prookman'i Boulder mine, Kalgoorlie, at a depth

of 103 ft. The lode covered the whole bottom of tbe shaft, A reef showing good gold all through was also struck in the Colorado tease, estimated to yield from soz to 6oz per ton.