Exchange Notes.

New Zealand Graphic, Volume XXV, Issue XXVI, 29 December 1900, Page 1207

Exchange Notes.

No call from the 22nd of December until the 4th of Januarv.

The market, closed very strong on Saturday.

Waihi Company’s record return this month totalled £ 29,673, the product of 11,308 tons.

The total output from the Waihi mine since 1890 is £1,490,489, of which £628,500 was distributed in dividends.

A parcel of 16 tons of ore from the Ironeap mine vieHed bullion worth £52 17/3.

Monowai shares also sold at 3/4 this Week, and Broken Hills at 4d and 4Jd. Tributers in the Great Mercury mine crushed 220 tons of ore for a return of bullion worth £313 14/6.

The Talisman Consolidated Company has acquired the Adeline Reefs S.C., formerly known as the Wealth of Nations, also a small area of ground to the west of this claim, the additionall areas aggregating over 100 acres. These claims immediately adjoin the Victor-Waihou section of the company’s property, and should prove a very' valuable acquisition.

The Waitekauri Extended Company’s output to date is £6,546, of which £ 1,021 was last month’s contribution.

In the May Queen Extended mine stone broken from the reef this week shows strong colours of gold. A very promising body of ore eighteen inches to two feet in thickness, was passed through in the Alpha last week. The dish prospects of free gold were not very high, but the hangingwall of the lode carries a fair amount of sulphide.

Progress Castle Rock Company crushed 961bs of stone for a return of 54ozs of gold worth about £l5O. The Barrier Reefs Gold Mining Co. this week received a cable through the Bank of New Zealand stating that the Sum of £3.144 5/4 has been placed to its credit, this being the net proceeds of the concentrates forwarded for treatment to the Sulphide Corporation, N.S.W.

A good deal of business has been done in Waihi Extended shares at prices ranging from 3/7 to 4/5.

A parcel of 501bs of stone from the Nil Desperandum new find at Mahakirau, when treated yielded 51ozs 13dwts of gold worth about £ 150. Tairua Broken Hill shares have again advanced, sales being made from 1/4 to 1/10. This is a good sign in faee of the fact that a threepence call will exhause the capital.

Sales of Imperials took place at 4d and 5Jd. May Queens changed hands at lOd, Bunker’s Hill 6d, and May Queen Extended at 9d. A dividend at the rate of 6 per cent, per annum will be paid by the N.Z. and River Plate Company this year. •The approximate net profit for the year is £31,360, of which £lB,OOO will be added to the reserve fund, and £ 917 parried forward.

■ South British Insurance shares sold fct 73/, New Zealands at 70/, and Nationals at 20/.

The Thames-Hauraki Company has been notified that if it ceases pumping the. Drainage Board will not take action for breach of contract. This is due to the plea being raised by the May Queen representative that the Board has no powers to recover contributions. Several transactions have taken place this week in D.S.C. shares at 8/6. The Waitekauri return for the month totalled £5,304 from 2,512 tons, making the total output to date £294,569 17/.

Devonport Perry Company paid the customary dividend this week. Tlie new find in the Mahakirau Valley promises well. Messrs Davies and Prescott have bagged another 361 b of rich specimens from the lode. Already several areas have been pegged out in the. district.

May Queen tributers crushed 130 tons of ore for a yield of bullion valUeil at £1,074 0/4. L The Mananu Company, Whanga-

inata, cleared up this week for the excellent retnra of £ 1/145 */ from 16*1 tons of ore. A parcel of 36 tons of ore from the Hard*worth claim. Kuaotunu, yielded bullion worth £270 8/10.