Exchange Notes.

New Zealand Graphic, Volume XXII, Issue XV, 15 April 1899, Page 486

Exchange Notes.

The Auckland Exchange reopened to better business after the holidays.

-May Queen shares advanced this week from 5/4 to 6/2, with steady buyers left at the latter price. Tararu Creek Company cleaned up after erushing 1,350 tons for a yield of bullion worth £1,208. New Zealand Crown mine shares are in demand at 13/, but holders ask 16/.

Leyland O’Brien timber shares had buyers at 21/9. A dividend at the rate of 10 per cent, has been declared.

Bunker’s Hill mine at Coromandel yielded another 191bs of specimens this w’eek. Shares are easier, but the leader still looks well.

The Waitekauri Company’s crushing this month yielded £5,629 from 1,938 tons. Holders were not quite so firm, and 40/6 would have been accepted, but the best offer was 38/, which was declined.

Enquiry has set in again for Imperial shares now that the low level lias passed through the hard bar’ of country. The lode is now three feet wide, and shows gootl minerals. Insurance stocks had little demand, the only offer this week being 17/9 for Nationals.

Auckland Gas, old issue, sold at £l4 12,1 , and Gisborne Gas eould be placed at 38/. Shareholders in the Waitekauri King mine this week authorised the directors to dispose of reserve and forleiled shares. A ton and a half of ore from this mine yielded £7 worth of bullion, so the shares should be readily placed. Odd colours of gold are met with in the lode now being worked in the Welcome Find mine. Coromandel shares in this company had buyers at 9d this week. The mantiger is of opinion that a valuable deposit of ore is near at hand.

Waihi Silverton shares advanced 4/ this week owing to the discovery of a new reef of an average value of £6 Iff/ per ton. Sales were made from 7/3 to 9/6, and there are still buyers at half a guinea. The return this month was also more satisfactory, being the best since December, 1897. One thousand tons of ore yielded bullion worth £1,521 9/8.

The Sheridan Company’s mine and battery sold for £306. Shareholders expended £4,000 on this property within the last two years.

The Hauraki Company obtained £1.190 for the past month's operations, 130 tons of ore and 1581bs of picked stone being crushed. Good headway is being made with additions to the Mahara Royal Company's battery at Tapu. The reef in the mine has opened out considerably, and shows colours of gold when broken down.

Ten tons of quartz and 5871 b of picked stone from the Royal Oak mine when crushed this month yielded bullion w’orth £I,OOO. The Waitekauri mine yielded bullion worth £20,378 for the first quarter of this year, making a total output since December, 1897, of £169,920. About

£ 80,000 worth of bullion was also taken out of this mine in the early days. N.Z. Talisman shares had steady demand ot 14/4 this week, but no transactions took place at that price. The Kapanga Company obtained bullion worth £ 440 from seven tons of ore and 661 b of picked stone. A less quantity of ore was treated this mouth by the Woodstock Company, consequently only £ 1,515 was obtained from 920 tons crushed. The old Waiotahi mine at the Thames cleaned up this week for a yield of £363. This mine has been a steady gold producer for 30 years, and has paid over- £35,000 in dividends. The last month’s output of coal from the Hikurangi Collieries was tne largest since the commencement of operations.

The I’uru Consolidated mine again looks promising. The reef is 18 indies wide, and now shows gold freely. The holders of the option over the (■race Darling mine paid £lOO this week for a month's extension, making £ 1,900 expended on development works.

The leader in the Progress Castle Kock mine, Coromandel, continues small, but shows strong colours of gold.

Wahi Extended shareholders this week authorised the directors to sell the property on terms providing for a good working capital. Good progress is being made with the erection of the Alpha Company’s crushing plant.

Work has been resumed on the Rising Suu mine at Owharoa. A final clean up by the. old Gieat Mercury Company yielded £299 4/5, for which amount 150 tons of ore and 240 tons of tailings were treated. It is intended to float a local company’ to further develop this Kuaotunu property.

Kurunui-Caledonian tributers are getting good stone. During the past month 53 loads of ore and 1681 b of picked stone treated for various parties returned bullion worth £7OO 10/9. Coromandel people have subscribed £3OO towards the cost of erecting a public battery. During the quarter ending March. 1899, the output of gold and silver for the colony was £83,796 in excess of that for the same period last year. The total export was £336.012. The Auckland fields contributed £128,549.

The silver entered for export from Auckland mines during the first quarter of the present year totalled £9,689, an increase of £3,773 upon the output for the first quarter of 1898.

The monthly’ gold returns reported this week amounted to £1.3.865 14/1