Exchange Notes.

New Zealand Graphic, Volume XXIII, Issue IX, 26 August 1899, Page 21

Exchange Notes.

Business quiet on the Exchange. Thames stocks were almost entirely neglected. Inquiry set in once more for Ohinemnri Syndicate shares,3•'being offered but none vere available '.infer 4/. Taupiri Coal shares sold at 20/ during the week, and are still wanted at that figure. Kauri Freehold had inquiry during the week at 15/, but no sales resulted. Auckland Gas shares hare had buyers for old issue at £l3 4/. Buyers of L.O'B. Timber shares advanced to 23/ without transactions following. A slight advance took place in Devonport Ferry shares, 37/ being offered. Nice colours of gold have been seen in quartz stringers running into the Cambria reef in the Moanataiari Company’s property. The Waihi Company has ordered a second 100 head of stampers fur erection at Waikino. The ore won from the footwall leader. No. 3 level, in the Hauraki Associated mine this week showed colours and dabs of gold freely. The ore coming to hand from No. 1 level also shows an improvement. A sixth dividend has been declared by the directors of the Waitekauri Co., payable on August 24th. Paid up shares receive 1/ and. nartly paid up 43d.

Picked stone is being obtained from the Forest Queen mine, Waikorimiko. Shareholders in the Nonpareil tn'iie, Thames, resolved this week to sell the mine and plant and wind up the company.

National Bank shares advanced in price, buyers offering 51/6.

Reports regarding the ProgressCastle Rock mine state that the reef shows gold frequently, and occasionally small parcels of picked stone are obtained. N.Z. Talisman shares firmed in price sales being made from 13 3 to 13/6. Bunkers Hill shares eased a little in price during the week, although specimen stone has been obtained both north and south from the winze. May Queens sold as low as 6/6. and then buyers disappeared for a day or two. after which 6/3 was offered, but holders asked 6,9. The property of the Waitekauri Union Company, including lease of 62S acres of land, water races, also an air compressor, rock drills and Tangye pump, were purchased at auction this week by the Waitekauri Company. The Waihi-Silverton Company crushed 950 tons of ore for a yield of bullion worth £1429. Accounts of recent developments in the mine are of a satisfactory - character. The Golden Belt Company has be?n floated to work properties at Neavesville; capital £ 12.500, in 100.000 shares at 2/6 each. There are 32 heads of stampers on the property. The reef in the Four in Hand mine has not yet come together again. Buyers, however, still offer 2 7 for the shares. During the last few days there has been a great improvement in the quartz from the drive from the top of the rise in the May Queen Extended mine at the Thames. The reef is at present composed of quartz, with a band of minerals, such as copper, galena, zinc blend, and iron pyrites through it, in which gold is freely The Woodstock Company’s return for the past month's operations was £ list) from 1080 tons. Tributers in the Irene mine. Kmotunu, crushed 325 tons of ore for a return of bullion worth £297 10/4.

Mt. Lyell (Tasmania) shares were asked for this week at £lO 5,', but none were offered.

Operations have been resumed in the Tandem mine, Waikorimiko.

A big deal in Grace Darling shares took place during the week, the directors selling the 30.000 held in reserve by the company at 2/ per share. The result was to cause prices to firm a little, sales being made at 2/1 and 22. As the outcome of an application made by the Auckland Diamond Prospecting Syndicate the bounds of the Hauraki Mining District have been extended so as to include land at Riverhead. where prospecting is proceeding.

The first return from the Alpha mine was somewhat of a disappointment. 715 tons of ore having yielded £533. but only 476 tots were cyanided, so that next month should show better results.