Exchange Notes.

New Zealand Graphic, Volume XXV, Issue VI, 11 August 1900, Page 272

Exchange Notes.

The output of gold and silver from the colony for the financial year was £1,554,011. an increase of £440,313 upon the previous twelve months' production. Waitekauri shares changed hands during the week at 55/. New Four-in-Hand return for the month was £474 2/4, the product of 100 tons of ore. Chelmsford shares have had steady buyers at lid and 1/, with sales up to 1/1 during the week. Kuraniii-Caledouian tribitters obtained bullion worth £477 9/4 front 63 loads of quartz and 1361bs of picked stone. The Eliiel Reefs Company. Thames, crushed 651 tons of general ore for a return of bullion worth £ll5 19/1. Northern Boot shares changed hands at 10/. and are still wanted at about the same figure. Insurance stocks had less enquiry during the week. Standards and Nationals maintained the advance noted a week ago. May Queen Company had a better return this month, bullion worth £l2OB being obtained from 814 tons of ore. Tributers in the New Moanatairi mine during the past month crushed 21 tons of ore and 1201 bs of picked stone for a vield of bullion valued at £319 4/4. The option granted to Mr. James Thomson over the Waihi Beach United properties expires on the 20th of August. Coder the agreement Mr Thomson is. however, entitled to a renewal upon payment of £lOO. During* the year* the old Waiotahi mine at Thames treated 1005 tons of quartz, which yielded £4486 16/11. Included in this amount is £l3 18/3 percentage received from tributers. Hauraki No. 2 shares had buyers at sixpence. The reef averages eight inches, and gives encouraging* prospects of coarse gold. The yield of gold from January to July of the present year from dredges in the South totalled 30.8780zs 14dwts Bgrs. The dividends declared last month amounted to £13,252. A small syndicate of local gentlemen has been formed to work the Waihi and Karangahake dredging claim. It is proposed to erect two plants, one at Waihi, and the second at Karangahake. the latter to be worked by steam and the former by electricity. The total quantity of gold exported from the colony last month was 39,678 ounces, value £ 151.853. of which Auckland contributes 15.099 ounces. I’tiriri Gold Estates shares were enquired for owing to encouraging reports from the mine. At the Hauraki Freeholds mine the engine-house is being enlarged, and everything got in readiness for starting operations at an early date. The output of bullion from the various mines during the past mouth was £48,331 11/5, as compared with £50,71*1 14/4 the previous month. The returns from Ohinemuri companies show an increase of over £9OO, but Coromandel and Thames were less than usual.

The Hartley Riley Dredging Companies paid another dividend of 10/ per share this week. Shares are quoted at £ll to £l2.

The Waiotahi Company’s return this month was £485. Another shilling dividend will be paid shortly. Shares have steady demand at 26/. New Whan crushing of ten loads of ore yielded bullion worth about £6O. Rich gold has once more been met with up the Karaka Creek, this time on the New Gloucester ground, which is now being worked by a local syndicate. Between 50 and’ 601bs of specimens have already been secured, and a reef 18 inches wide is said to show gold all through it. The Mount Lyell returns from 28th of June to 25th July, inclusive, shows that 20.297 tons of ore were treated, and 2767 tons purchased. The ore converters produced during the same period 667 tons blister copper, containing: Copper, 659 tons; silver, 51,211 ounces, gold. 1811 ounces. Konrnta reef shares sold at 1/11, and are still in demand owing to better reports from the mine. Buyers came in for Auckland Gas (old issue) this week at £l3 2/6. The shares offered by tender by the Gas Company were allotted at an average of £l3 1/4. Applications were invited for another 115, the minimum price being fixed at the above average. Gisborne Gas firmed slightly, being in demand at 38/.