Exchange Notes.

New Zealand Graphic, Volume XXV, Issue XVIII, 3 November 1900, Page 848

Exchange Notes.

The* gold output for the month was £ 19,+91 14/1, of which £41,380 9/ was from Ohiueuturi mines.

Business as far as mining' shares showed further improvement this week. In Thames lines sales wete made of I non Caps at 3Jd, and Broken Kills, Waioino, at 4d, and May Queens from 6<i up to 1/6. Kapowais had demand at Gd, Tairua Broken Hills at 1/1, and Chelinsfords at- 1/3, with no Sellers quoted in the latter ease.

New Conr-iii-Hand return showed great improvement this month, 120 tons yielding £506 12/3. The Progress Mines, Reefton, return for September was: Battery, 1588 oz of gold from 4501 tons; and cyanide 102 oz of gold from 900 tons of tailings, valued at £6837.

Monowai shares advanced from lid to 4/1 this week. This caused a demand for Broken Hills, sales being made at 4d.

Barrier Reefs shares had steady buyers <1 tiring the week, sales being made from 14/6 to 16/. The battery is treating sixty tons a day.

Waitekauri shares changed hands at 40/.

Ore from Harcourt’s reef in the Iron Cap mine, Thames, assayed by Mr C. Rutjen, gave a value of £4 9/ per ton.

Colonial Sugar shares were once more wanted at 40/ this week, but no sales were made.

Talisman Consolidated shares eased in price owing to part of the foundations of the battery giving way. The engineers, however, report the matter is not serious.

As a result of the clean up from 20 tons of ore from the Handsforth claim, nt Kuaotunu, treated at the new battery. bullion valued at £72 15/8 has been obtained.

'Che May Queen Company's usual four weekly. cleaning up resulted in ISOoz of gold being obtained, valued at £431 5/. This was the product of 213 tons of ore crushed. Eight parties

of tributers alto crushed .66 tons of ore for a return of 1290 z, valued at £346 1/10.

The directors of the Tairua Broken Kills Company received an offer for an option over the property, with the right to purchase the inine and’ plant for cash at the end of the term if the option holder so desired. A deposit of £ 1000 was offered, but the Board did not see its way to accept the offer without fuller information regarding the ihine. .

Komata Beef shares firmed in price this week, sales being made at 2/6. Tributers in the Queen of the North (Coromandel) obtained £l2 from H tons of ore.

The output of gold for the colony for the nine months ending September 30 totals £1,100,644.

Fifteen tribute parties crushed 78 tons of general ore during the past four weeks for a return of 171 oz 15 dwt of gold, valued at £ 461 18/. Hartley and Riley’s return for the week was 9Soz. A dividend of 7/6 per share lias been declared. In standard lines New Zealand Insurance shares sold at 64/, and National Insurance at 18/6. River Plates also firmed, 11/ being offered for new issue and 19/6 for old. Auckland Gas also sold at £ 13 5/.

The total output from the Waihi mine since 1890 has now reached £1.430,034 13/1. the recent additions being £471 19/10. amount received for bullion over the estimate, and £152 5/9 from another ten tons of slag sold.

Prospecting operations with a number of men will be commenced immediately on the Shotover claim, Kara* ngahake. Mr E. Kersey C* doper is about to again commence active work on the Waitekauri Jubilee.

The Ilauraki Main Lodes property, Coromandel, was sold this week by auction for £ 600.

Buyers of Bank of New Zealand shares advanced their offers to 19/6 this week. The Mount Lyell returns from September 20 t.o October 17, inclusive, are as follows: —A total of 21,140 tons of

ore was treated, also 4495 tons of purchased ore and metal-bearing flux. The converters produced 743 tons of blister copper, containing ciopper 725 tons, silver 49,8250 z, gold 18530 z.

Cousiderablu prospecting work has bean accomplished on the Comstock claim, Karangahake, under the guidance of Mr W. Tregoweth, during the past three months. A very large lode, freon fifty to sixty feet wide, has been driven along fully ninety feet, and has bees cut into at several points, revealing ore of. an encouraging nature and highly mineralised. The Waitekauri Extended, Limited, cleaned up for 642 tons, completely treated, for a yield of seven hundred and twenty-seven ounces ten dwts of bullion, valued at £835 8/9. At the sitting of the Thames Warden’s Court this week Mr J. A. Endean applied fo» a license for the Manukan claim at Wairoa South, for the purpose of milling for manganese, copper and kindred minerals. The application was adjourned to November 6. Whangamata Gold Corporation shares sold at 3/. The reef in the winze at No. 3 level averages five feet in width, and has assayed £l4 10/ per ton,' but the average value is estimated at £5 per ton. All shares in Waihi companies were in request this week, 20/ being offered for Union., while Extendeds sold at 1/6 and 1/7 with firm buyers at the. former piice. Consolidateds were wanted at Old, and Consols at 4d.