Exchange Notes.

New Zealand Graphic, Volume XXIV, Issue XX, 19 May 1900, Page 928

Exchange Notes.

Gold output this month only reached £40,591 3/9, as the returns from the big companies arrived too late to be included.

The N.Z. Crown’s output of bullion for April was the best produced by that Company this year, being £5966 from 2927 tons.

In the New Four in Hand mine, Coromandel, the reef in some of the stopes is 6ft in width, with gold showing in the quartz. Steps are being taken to establish a School of Mines at Karangahake.

Talisman heturn this month was £2640 12/9 from 793 tons, average value of ore nearly £3 8/ per ton. Operations in the Mahara Royal Mine, Tapu, are now confined to the development of the Shannon section only.

An improvement is reported in the value of the ore now being won from mine, Thames, 125 tons having yielded bullion worth £296 7/1.

Insurance stocks had excellent demand this week. New Zealands sold at 63/, South British at 58/6, and Nationals at 17/6. Buyers now offer 59/ for South British and 23/ for N.Z. Accident .

Westport coal shares firmed in price, 69/ being offered. This is due to the enormously increased sales as an outcome of the demand created by t he war.

Whanganiata Gold Corporation return this month was £1163 16/ from 853 tons.

Waitekauri shares did not maintain the whole of the advance noted last week, sales being made at 51/, with further buyers at the same rate.

A rich patch of specimens was struck by tributers in the May Queen of Hauraki mine. Riley and Co. (18 men), treated 31.1 tons for 187 oz. 18dvvt of gold, of which Lsooz were obtained from 1301 b picked stone, whieh was found in one patch in one foot ground. Tlieir return was £523 7/1.

Negotiations • are in progress for the acquirement, of the Maratoto property and plant by the Hikutaia Gold Syndicate. Maratoto shares sold from 1/2 to 1/6 in consequence. During the month of April the Tartiru Creek Company’s battery worked 221 days, and crushed 1280 tons of ore, whieh yielded bullion valued at £1445 3/2. Tributers in the Harbour View mine Coromandel, have banked 391bs of picked stone. Inquiries were made this week for Kauri Timber shares, 11 Id being offered for contributing, aud 4/6 for paid up issue. Tributers in the Ptiru Consolidated mine at Thames crushed 50 tons of ore for a yield of 40oz. 9<lwt.s of bullion, valued nt £2 13/3 per oz. total returns being £lO7 13/p. Wai hi slut res have had steady demand at £9 14/, but no sales resulted. 'The tributers in the No. 1 section of the Hauraki Associated mine, at. Coro-

mandel, have (reated a small paroel of general ore, for a return of bullion valued at £3 13/5. . .* . The Monowai Goldmining -y€bmpany’s battery, at Waiomo, commenced crushing operations on Monday last. The new machinery is running well. Operations in the mine are in full progress, and sufficient quartz is available to keep the battery going.

The Glenrock Consolidated Company, of Macetown, Otago, cleaned up for the month of April, and from 150 tons crushed, obtained 103 oz lldwt 15gr gold. During the month 16 tons of concentrates were treated for a yield of 131 oz lldwt llgr smelted gold. This return has enabled the company to more than pay expenses, leaving a balance for remittance to London.

Five tribute parties in the Moanataiari mine crushed ore this month which yielded bullion worth £ 101 3/10.

The Kauri Freehold Gold Estates report that at the No. 2 level in the Maiden section the reef has opened out to a width of eleven feet, and the average assay value of the ore broken down was £3 8/ per ton. Mr F. Holdsworth has replaced Captain Hodge as manager of the Royal Oak mine. The return this month was £215 from 145 tons of ore.

Better prospects are reported from the Komata Reefs mine. Shares had steady buyers at about 1/9.

The Southern gold returns reported this week are as follows:—Big River, 770 z 14dwt 18gr retorted gold from 98 tons; Buller Dredge, 13oz gold from 134 hours’ work. About 600ozs of gold was also won by various dredges, exclusive of Hartley and Riley’s.