Exchange Notes.

New Zealand Graphic, Volume XXV, Issue IV, 28 July 1900, Page 169

Exchange Notes.

More disposition was shown to buy low-priced mining stocks this week. Standard lines had fair demand, but few transactions resulted. South British Insurance shares sold up to 64/6. New Zealands were wanted at 61/6, ex div., Standards at 15/, and buyers of Nationals advanced to 18/3. Kuran ui-Caledonian shares moved steadily upwards in price this week. Tairua Broken Hill Company’s battery has resumed work. Payable gold has been got at No. 4 level. Buyers advanced from 2/ to 2/9 one day. Mahara Royal shares have been enquired for at low rates owing to the reef in the low- level having widened to 3a feet and showing a little gold in the stone. Coal shares were firm, buyers of Westports advancing from 78/ to 80/ during the week, while Hikurangis were wanted at 8/3 ex div., which was paid at the rate of 10 per eent. per annum. Gas shares were easier this week. N.Z. Talisman Gold Mining Company pays a dividend at. the rate of 7J per cent, to shareholders on the books at 30th June. Dredging stocks sold in the South at the following rates: —Cromwell, £5 2/, £5, £5 I/; Electric, £2 14/6 to £2 17/; Fourteen-mile Beach, £2; Golden Bed, £l3; Gold Queen, 38/6; Hartley and Riley, £ll 2/6 to £lO 9/6; Magnetic, £2 18/; Manuherikia, £5 12/6; Meg and Annie, £2 7/6; Sailors’ Bend, £2 9/; Vincent, £4 3/6, £4 3/3, £4 4/; Vincent Extended, £2 8/6.

A strong syndicate is being formed in Auckland for the purpose of working the gold deposits in the Ohinemuri River at Waihi ami Karangahake.

Buyers of Bank of New South Wales shares this week advanced their offers to £45, but no sales resulted. Union Bank shares were also wanted at £3B 10/.

During the week returns have been reported from 30 dredges, the total yield being 17370 z 15d\vt 12gr, or an average of 570 z per dredge,. In the Maratoto mine the hanging wall reef has been cut 2£ feet wide and assaying up to £2 15/ per ton. Waiotahri shares were firmer towards the end of the week, being wanted at 20/. New Zealand Crown shares sold this week at 12/6, with further buyers at 12/, and no sellers under 13/. Waihi shares were wanted at £lO, and Waihi (band Junctions at 27/6, but no sellers of either stock quoted. May Queen shares were slightly firmer this week, being sold at 1/5, with further buyers at 1/4. The cross leader in No. 2 stope in the Broken Hill mine showed colour of gold this week when broken down. The No. 3 reef in the South drive of the Imperial mine bears a very jH’omising appearance, and) a little gold can be got from the stone in the dish. The ordinary statutory meeting of shareholders in the Welcome Jack G.M. Company was held this week. The retiring directors, Messrs 11. A. Gordon. J. McCombie, 11. H. Adams, D. G. Macdonnell, W. B. Nicholson, J. Brown and Donald "McLeod were re-elected. May Queen Extended shares changed hands at 6Ad, and can still be placed at the same rate. The reef in the New Whan mine is from IS to 20 inches wide, and a little, gold is seen in the general quartz. The lode in the stopes maintains its size ,and the little stringer running with the reef still shows dabs of gold.

The directors of the Chelmsford G.M. Company have appointed MiFrank Shepherd consulting engineer to the company. Northern Boot shares have an upward tendency, and arc now wanted at 9/6.

Hartley and Riley dredge return for the week was 3660zs 17dwts. Shares sold from £ll 2/6 to £lO 9/6.

Tbe Thames-Hanraki Company’s shaft is down 762 feet. .