Exchange Notes.

New Zealand Graphic, Volume XXIV, Issue V, 3 February 1900, Page 206

Exchange Notes.

Business has been quiet during the week on the Exchange.

Waihi Extended shares advanced from Did to 1/3 during the week owing to a quartz reef having been met with in the bore.

Several quartz veins have been met with in the eastern crosscut in the Imperial mine, which leads to the belief that the ore body sought after cannot be far distant.

The Cameron pumps recently put in the May Queen mine have been working satisfactorily during the past week, keeping the No. 7 level dry, but pumping the water up to the level above, from which it finds its way to the Big Pump shaft.

Ohinemuri stocks had most demand this week on the Exchange. Barrier Reefs were wanted at 6/ tc 6/6, but no sales were reported. Waihi Silvertons were in demand at 7/11 and afterwards at 7/6. Talismans sold at 12/3. and are still wanted at 11/6, and Waitekauris at 39/. At the New Four in Hand mine two additional stampers have been erected and 'have .been running on ore won front the Cuirassier section Of the mine.

Capital progress has been made with the erection of machinery for the Progress Castle Rock battery. It is expected to have the battery sufficiently completedjin order to have the preliminary run this week. Devonport Ferry shares changed hands during the week at 38/. with buyers left at 37/.

The usual dividend of sixpence per share will be paid by the N.Z. Accident Insurance Company besides increasing the re-insurance fund to £15,<100.'

Occasional inquiries are made for Waihi Grand Junction shares at 30/. The foundations for the Maratoto Company’s battery are now completed and good headway is being made with the water race and other works.

Steady inquiry exists for Auckland Gas shares at £l3 5/. Komata Reef shares continue to firm in price, being now wanted at 1/10.

A tramway has been constructed on the Golden Belt property from the tiphead inwards along the tunnel for a distance of 340 feet. New rails and sleepers have been laid down throughout. and w ill be contiriuedkto the face of the drive.

Ore of high grade is being met with in the Barrier Reef mine at the top of the rise from No. 2 lever. Good progress is being made with the battery foundations.

The Junction Electric No. 2 dredge obtained 110 oz of gold Inst week, the Electric 125 oz, the Magnetic 20 oz. Manorburn 21 oz 10 dwt. and the Ernclongh No. 2. 49 oz 6 dwt. Central Electric dredge shares changid hands at 80/, and Topeka at 39/6.

The assessors appointed by the Thames Drainage Foard have submitted a comprehensive scheme for assisting in draining the flat, the cost of effecting which is estimated at £1,550.

Harley and Riley dredge shares sold this week at 204/- and 205/. Mr 11. A. Gordon was this week elected chairman of the Thames Drainage Board. The assessments of drainage contributions for the year w ere made as follows : Kurunui, £9O; Moanataiari, £607 10/-; Kurunui Caledonian. £427 10/-; Waiotahi, £495 : Victoria. £495 ; May Queen, £ 1.485 ; anil Thames Hanraki £9''i). Appeals will be heard on February 6th.