Exchange Notes.

New Zealand Graphic, Volume XXIV, Issue VI, 10 February 1900, Page 269

Exchange Notes.

Outside of Ohinemuri companies there was little inquiry on the Exchange to-day for mining stocks. The total quantity of gold exported from the colony last year was £1,513,173, an increase of £432,482 upon the output for 1899. Auckland Gas, old issue, sold this week at £l3 7/6. The usual dividend of 7/6 on fully paid-up shares, and 5/3 on partly paid, has been declared.

Waitekauri shares are in demand at 39/, but holders ask higher figures.

Tributers in the Kurunui-Caledonian mine, Thames, erushed two loads of quartz for bullion worth £54. A dividend of ten per cent, was declared this week by the Hikurangi Coal Company. D.S.C. shares changed hands during the week at 10/6, and more could be placed at a shade under that price. Waihi South shares showed slight improvement this week, probably because the drive has entered a most promising elass of sandstone for the existence of reefs.

South British Insurance have steady buyers at 53/6, and N.Z. Insurance at 61/.

Inquiry set in this week for Grace Darlings at 1/8. as the battery is now approaching completion. The colony's gold output for the December quarter was £401,290, of which Auckland mines contributed £ 182,380.

The return from the Hartley and Riley dredge for the week was 68oz 17dwts of gold. The Taupiri Coal mines have been granted the use of the Government diamond drill.

The three stamps prospecting battery at Makakirau has been taken over by the Government for £B9B. Traces of gold and silver are found by assay in the borings from the Waihi Extended mine. Shares sold this week at 1/1 and 1/. The Government Geologist, Mr McKay, has reported that there is not

a formation on the Cape Colville Peniueula but has coal more or less, though generally it is traces. More pumping machinery arrived this week for the Waihi Grund Junction Company.

Thirty pounds of picked stone won by tributers in the llauraki Associated mine yielded Boz of gold. N.Z. Shipping shares were inquired for this week at 91/6, but no sales resulted. Northern Steam changed hands at 7/, with further buyers at 6/10.

Twenty loads from the Bunker’s Bill Company. Coromandel. {yielded 520 z 3dwts melted gold, value £ 157 15/1.

It is some time since a buying quotation was reported for Taupiri Coal. This week 17/ was offered, but no sales resulted.

Owing to the scarcity of water the Moanataiari Company was unable to commence crushing last week. The mill has now started, and there is a fair tonnage of ore from the Cambria lode at No. 3 level to be treated. At each section of the May Queen mine development work is proceeding satisfactorily, and a good class of quartz is being broken out.

The reef has been cut at No. 4 level in the Imperial mine. Karangahake, and the stone shows colours of gold in the dish.

The parcel of 32 tons of concentrates sent from the Monowai mines, Waiomo, to the Dapto Smelting Works, N.S.W.. for treatment yielded at the rate of .£lO 0/11 per ton. N.Z. Talisman shares had a sharp rise this week, owing to good news from London. The amalgamation with the Consolidated Group was agreed to on favourable terms. A dividend of 7-1 per cent, is to be paid Talisman shareholders. The new company wilt have £25,000 working capital.

Good progress is being made with the Barrier Beef Company's battery. The masonry and concrete works are nearly completed, and timber is on the ground ready to be put in position. Several teams are kept busy hauling the machinery to the mill site from the bay. Excavations and other outside works have been nearly completed. Work has been stopped on the Ivapowai Block pending completion of titles. The Kauri Company has assented to the surrender of all claims applied for on the Kapowai Block, but the assent of the Melbourne Board is required by the Government before the Warden can grant a license. The form of surrender will be forwarded io Melbourne as soon as it is received from the Warden’s office, and will as soon as possible be returned completed in about three weeks from now.