Exchange Notes.

New Zealand Graphic, Volume XXIII, Issue XIX, 4 November 1899, Page 820

Exchange Notes.

Recon] output of bullion this month. Total yield. £59.761. Increase on last month's output £ 5000.

Ohinemuri mines yielded bullion worth £47,097 last mouth. Barrier Reefs shares advanced in price during the week, being sold as nigh as 5/. Excellent ore is showing in No. 2 level Shareholders in the Ohinemuri Co. met this week and approved the scheme submitted for amalgamating with the Waihi Consolidated Co. Specimen stone continues to be won from the Bunker's Hill mine, Coromandel. The reef at No. 2 level in the Progress Castle Rock mine, Coromandel, varies in size to about Bin. shows an excellent class of minerals, and in breaking down the quartz strong dabs of gold were seen. This block of ground promises well for future development. The Cambria lode in the Moanataiari mine, Thames, is 6 feet wide, and strong blotches of gold are seen in the stone. Crushing has commenced at the Eclipse Company's new ten stamper battery. Everything, including aerial tramway, is working splendidly. The result of the past month’s operations in the Mariposa G.M. Co. was that bullion worth £203 16/3 was obtained from 236 tons of ore treated. English holders of Woodstock shares have adopted the reconstruction scheme. N.Z. Drug Co.’s shares advanced to buyers 52/ this week. National Bank shares have steadily firmed in price, 54/ being offered without sales resulting. Sales of N.Z. Insurance shares took place at 61/6. Enquiries were made during the week for National Insurance at 17/4, and Standard Insurance at 13/9. The London Board of the May Queen Co. this week cabled: “Reconstruction rumours are unfounded; amount of working capital available is £ 7.500.

A parcel of 39' tons of quartz from the New Moanatairari mine yielded bullion worth £330 17/7. Waihi shares sold at £ 8 15/, as most encouraging accounts a.re received regarding the recently discovered lodes in the mine.

The erection of a two-head stamper battery for the Sheet Anchor Company at Omahu is nearly completed.

Waihi Grand Junction shares advanced in price this week on the Exchange. buyers offering 22/, without sales taking place. Sales of Grace Darling shares took place at 2/4.

N.Z. Crown Mines sold at 14/, and Talismans at 12/6 during the past week.

A sharp advance took place in Mt. Lvells, buyers’ price going up from £lO 17/6 to £ll 5/.

After being without inquiry for some time. National Mortgage shares were wanted this week at 18/6. An excellent return was obtained by the May Queen Company this month, 94 tons having yielded bullion worth £664 7/9. Tributers also crushed 544 tons for £ 184 19/4. The lode in the winze of the Maratoto mine is being broken out to an average width of 4 feet, without any sign of the footwall, and the average assay value of the ore is £4 11/ per ton.

The new development in the N.Z. Crown mine at the No 2 level below the Waitawheta Creek has for the last 100 feet produced much richer ore. Nice golden stone is frequently met with, and it is considered highly probable the Company has a long reach of payable stone southwards. A parcel of 24 tons of ore from the Welcome Jack mine at Kapowai. near Gumtown, was treated at the Thames School of Mines, and -yielded bullion worth £2BO. This makes £543 15/6 from five tons.

The Komata Reefs Company during the last month crushed and treated ISO tons of quartz for the. satisfactory return of £625. The low level tunnel during the same period has been advanced 121 feet, making a total distance from the mouth of 1738 feet. Quite a rush has set in at the Gumtown field, and over a dozen mining sections of 100 acres each have been applied for. The claims are mostly on the Kapowai block, in and around the-vicinity of Slip Creek, and about six miles from Gumtown.

The Waihi Grand Junction Company has decided to sink a shaft to the west of the Waihi mine, right on ‘he main road to the township. It is intended to sink 500 feet. The return from the Tararu Creek Company’s mines for the past month's operations was £1336 from 1317 tom of ore.

Tandem claim has been acquired by the New Four-in-Hand Company for 6000 shares.