Exchange Notes.

New Zealand Graphic, Volume XXV, Issue II, 14 July 1900, Page 81

Exchange Notes.

Gold returns this month showed an increase of £12,862 over the output for May, the total yield being £50,711 14/4.

The Ethel Reefs Company. Thames, crushed during June 49 tons of ore for bullion worth t’2 61 6/9. South British Insurance shares sold from 64/ to 65/. and are still in demand at a shade under the hitter figure.

May Queen return was a poor one, •only £961 10/1 being obtained from 769 tons. Shares were sold nt 1/9. Bank of New South Wales shares were inquired for at £43, but no seller quoted.

Moanataiari tributers treated 42 tons of ore for a return of bullion worth £ 167 7/10.

At the Fame and Fortune mine, Mr Kersey Cooper is meeting with better results. This month 132 tons of ore returned £478 13/11.

The Talisman Consolidated Company took over the Talisman Company’s property as from July 1. Talisman shares sold ami are still wanted at 11/

May Queen tribute parties for June crushed 40 tons of ore ami obtained £26.8 7/8.

Ihe IVaihi Gladstone Company’s properly was sold by auction this week for £'lloo. being bought by a local syndicate.

Taupiri Coal shares firmed, being wanted at 19/. Hikurangi Coal sold at. 8/6.

Important developments are reported at the low levels in the N.Z. Crown mines. Shares have been in request at 12/3.

At an extraordinary general meeting of the Jewel G.M. Company held this week the statement of accounts showed a debit of £6O 2/2. Mr J. T. Julian, sole liquidator, was instructed" to levy a call of one half-penny, so as to wind up the company at onee. Auckland Gas, ’new issue, shares sold at 222/, and old issue at 288/.

National Insurance changed hands at 17/6, and were wanted at 17./3. Buyers came in for Northern Boot, shares at 9/, but no sales resulted. Mining stocks had fair demand this week, with few alterations in value.

Tribute parties in the KuranuiCaledonian mine during the past month treated 53 loads of general ore and 100 lbs of picked stone for a yield of bullion valued at £567 9/1.

The return from the Waiotahi mine for the past month’s operations was 2040 z of retorted gold. This shows an increase of about 250 z upon the previous month’s output.

In the Kapowai mine. Gumtown, the lode has widened to fully 31 feet, and the ore also improved in quality, as on breaking down, gold could be seen all through the stone. The promising feature about the ore is that the gold goes well into the stone. The new’ leader has also improved in size, and continues to show gold.

The Golden Cross lode should be met with in the lit) feet at No. I level in the Alpha mine if the reef keeps, its present course. No. 4 reef is 6 feet, wide, and the ore broken from it is of a very promising character.

Hartley and Riley shares sold at £7 15/ this week: Manuherikia, £4 5/; Nelson Creek, 21/ and 18/6; Cromwell, 83/: Electric, 59/6, 59/3, 61/. and 61/3; Gold Queen, 3/4; Golden Point, 23/: Junction Electric. 43/6; Vincent, 78/, 79/, and 78/6; Waimumu, 27/6; Gold King, 20/3; and Magnetic, £3.

The crushing plant of the Tairua Broken Hills Company is expected to resume operations this week, ns the cyanide plant has been completed. A call of 2d per share was made this week, which it is hoped will be the last, and that cost of future works will be defrayed from bullion won out. of the mine.

The Clarence River Dredge, N.S.W., is expected to be working in five or six weeks' time. This is largely owned by Auckland shareholders.

Bunker’s Hill shares doubled their price this week. The cross lender shows strong colours and dabs of gold.

Hauraki No. 2 shares had buyers this week owing to the leader improving id size from 12 to 15 inches*

The stone is full of mineral, and gave prospects of coarse gold. Grace Darling mine and battery, buildings, water race, and cyanide plant, etc., which cost £12,000, were purchased by tender this week for £2750 for the Waitekauri G.M. Co.

In the Eclipse mine, Thames, the reef at No. 2 level is 12 feet thick, but only 5 feet of the hanging wall Is broken out.

Komata Reef shares sold up to 2/9, with further buyers at 2/7. Barrier Reef shares changed hands at 7/. Good progress is being made with the Company’s reduction works. Devonport Ferry shares were Inquired for at 35/6, but no sales were reported. The New Four-in-Hand Company during the past month treated 130 tons of ore for a return of bullion ▼allied at £530 12/4. This brings the total output up to £7960 9/6. Tributers in the Nonpareil mine have completed a crushing of ore for a return of £56 11/7.

The New Hauraki Gold Properties treated 141bs of picked stone for 320 z lOdwt of gold, valued £94 5/. The gold returns for May for the whole colony totalled £ 110,860, against £100,161 in May last year. The return for the year, however, so far still shows a decrease on the same period last year of £28,757.