Exchange Notes.

New Zealand Graphic, Volume XXV, Issue XIX, 10 November 1900, Page 896

Exchange Notes.

Mining shares had good enquiry this Week on the Exchange. Barrier Reefs had frequent sales at prices ranging from 14/3 to 15/9, and then at 15/. In eheap Thames lines buyers came in for Albumins at 3d. Broken Hills were wanted at. 2Jd, Kapowais at 7d, and Hauraki Freeholds at 6 id. River Plates, old issue, advanced to 19/9 buyers, and 11/ was offered for new issue. The return from the Glenrock Company. Macetown, is lllozs smelted gold from 155 tons. The Roxburgh Amalgamated Sluicing Company obtained 85ozs Sdwts 2grs of gold for the month. The Deep Stream Sluicing Company got 1350zs for the month. Auckland Gas shares sold at £ 13 7/6 during the week, D.S.C. at 8/6, and Sharland's Drug at, 14/. Two bore holes have recently been started near the Waihi South boundary in the Waihi Consols property. A drive has been put in at the north section, which penetrates the Martha hill. A number of bores have been sunk ftn the Waihi Consolidated property, with satisfactory result. The country is. however, very hard, but a depth of 100 to 400 feet have already been obtained. A quantity of bullion, estimated to lie worth from £9OO to £lOOO, was stolen from the Waihi Company’s works this week, but subsequently recovered. National Bank shares sold at 66/ on the Exchange, buyers still offering 64/. New Zealand Insurance were also wanted at 64/, and South British a t 65/. Leyland & O’Brien Timber shares were firmer, being wanted at 28/6. The Barrier Reefs battery has run continuously since the start, and up to Saturday had crushed 680 tons of quartz of the assay value of £6 per

ton. No elemi up has yet la-en made, but assays indicate a good |*e reent age of extraction. The tailings after cyanide treatment assayed 21/ per ton. Whangamnta Gold Cor|M»ratiou shares advanced to buyers at 3/6, with no sellers quoted. The reef in the Eclipse mine, Thames, has improved both in size and quality during the past month, and 147 tons of ore crushed vielded bul--lion worth £278 19/. Kuranui-Caledonian tributers obtained £579 13/8 for the i>ast month's work. The National Hydraulic Sluicing Company, Otago, secured 5360zs 3dwts 15grs for 12 days’ actual sluicing. At the Ethel Beefs Gold Mining Company. Hape Creek, during the period of four weeks ending October 20th, 117 J tons of general stone and 6ilbs of picked stone were treated, producing gold valued at £73 6/11. The Ueefton gold returns are: Kirwan's Reward, 1230zs amalgam from 114 tons, top plates only; Keep-it-Dark returns for October—battery, 2050zs gold from 955 tons; cyanide, 138ozs gold. One ton of ore won by a tributer in the Harbour View mine yielded £l2 10/. Another 43 tons of concentrates are ready for shipment to N.S.W. from the Monowai mine, Waiomo. Messrs. Moore and Park, tributers in the Trig Hill mine, Coromandel, have just had treated three tons of general dirt for a yield of 4ozs 12dwts, value about £l4. The following are the principal dredging returns: Electric, 2540z5; Gold Junction Electric, 2040zs 14dwts; Meg and Annie, 120ozs lOdwts; Earnscleugh 11., 72ozs 12dwts; Manuherikia, 69ozs 12dwts 12grs; Charlton Creek, 51ozs; Empire, 50ozs 13dwts; Perseverance, 45ozs 18dwts 6grs; Earnscleugh T„ 44ozs Idwt; Golden Beach, 41ozs 14dwts; Cromwell, 41ozs 13dwts 19grs; Enterprise, 37ozs 2dwts; Alexandra Eureka, 37ozs; Molyneaux Hydraulic, 31ozs lldwts 9grs.

In the Progress-Castle Kock mine the reef in the rise is about 10 inches in thickness, and much better defined, showing an excellent class of minerals and strong dabs of gold at the last breaking down. The machinery and property of the Hwuraki South G.M.Co. were sold by anqtion for £222. Work ba s been resumed on the Timken Hill mine, Waiomo. The directors have appointed Mr. F. E. White rnipe manager. A winze is to sunk pn the hangingwall of the main lode from No. 3 level. At an extraordinary general meeting of shareholders of the Maratoto G.M.Co. a resolution was passed authorising the liquidator to consent to the registration of a new company, with a capital of £5OOO of 100,000 shares of 1/, the object being to further develop the Maratoto property. During flic past month the Mahara Royal Coptpany, Tapu, treated 120 tons of ofe for a return of bullion wprth £242 1/3. Waihi Grand Junction shares were wanted at 42/. Pumping operations are being continued steadily, and the shqft is now down 480 feet. Shares in the May Queen Company sold at 1/ and 9d during the week. Ka. 4 lode in the May Queen section has maintained an average width of 18 inches. Gold is frequently' seen through the ore, and occasionally a few pounds of picked stone are secured. The footwall leader still continues to yield good crushing ore and a few pounds of picked stone. Better progress has been made with No. 4 crosscut, in the Alpha mine, notwithstanding the tight nature of the country. Signs of an improvement are showing in the face. When stripping the lode in the leading stope in the New Whan mine a four-inch leader was cut, in which gold was seen in the quartz. In the intermediate drive eastward the reef has been broken down, and strong dabs of gold were again seen in the solid stone. Waihi Extended shares sold up to 2/6, -with further buyers at 2/5. Sinking has been resumed at the mine.

Messrs Silke and Oliver, who recently took up the Ne> Trilby Extended claim at Waiko-.oiaiko, had one ton of selected dirt treated for a yield of 940z.s 6dwts of bullion, value a» C 272 5/9. During the past twelve months the No. 4 lode in the May Queen mine produced 4305 tons of ore, which yielded £7065 8/4. Talisman Consolidated recovered a little of | the receit fall, buyers advancing their offers to 13/3, at which figure sales were made. Komata Reefs maintained the rise, being sold at 2/6 to 2/8. Ore worth £l4 per ton is being obtained from he reef in the low level. \\ uihi shares firmed in price this week from buyers £ 10 17/6 to £ 11 5/, but no sales resulted. Waihi Unions were still wanted at 19/. Other Waihi stocks had steady demand; Consols at 4Jd, Souths sold at lOd, and Consolidateds at to 9d. Shares in the Chelmsford mine have steadily advanced until sales were made at 1/9. Good progress is being made with the battery.