Exchange Notes.

New Zealand Graphic, Volume XXVI, Issue XVIII, 4 May 1901, Page 852

Exchange Notes.

Waihi stocks had more attention this week. Buyers of Waihi shares advanced New Zealand Insurance shares sold this week at 68/. Talisman Consolidated shares are once more in demand at 25/. Union Oil shares sold, and are still wanted at 18/9, ex dividend. The New Whau Company crushed IT loads of stone for a return of £57 15/9. The Chelmsford battery has not been able to work the full number of stamps so far for want of water. About 2040 forfeited shares in the Imperial Company sold by auction at lid. The West Tokatea Company, Coromandel. had the splendid yield of £220 from 12 tons of ore.

Enquiries were made this week for Waitekauri shares at 12/6, but holders asked another 5/.

May Queen shares sold this week at 1/, and are still wanted at ICd, while Victorias were dealt in at. 3d. Moanataiari tributers crushed 201bs of rich stone, which yielded the excellent return of £1.54,

Good stone is reported to have been secured from the Gloucester mine at the Thames. «.

Extendeds sold from 4/3 to 4/6; and Consolidateds were wanted at about

The Warden’s Court reduced the drainage assessment of the Waiotahi Company from £550 to £420. Want of water has caused five head of stampers to be hung up at the Monowai battery.

Forty-one dredge returns this week totalled 1013ozs ISdwts 9grs, an average of 24ozs per dredge. Bank of New Zealand buyers advanced from 32/6 to 34/ this week, and Nationals from 74/ to 75/.

In cheap Thames lines enquiries were made for Kuranui-Caledonians, Broken Hills. Victorias and May Queens this week.

Good progress is being made with, building the battery of the Kapowai Company at Gumtown. Most of the machinery is on the ground. The Electric dredge's return for the early part, of the week totalled 117 ounces of gold, which is highly satisfactory. The dam has been closed on the reef in the Grand Junction owing to excess of water. Work is being pushed ahead in the south drive.

The quartz formation met with in the Waihi Consols has Iteeu passed through, and the bore is now in very hard country, at a depth of 400 ft. Tributers in the Kuranui-Caledon-ian mine struck a good patch, and received a hundred and fifty pounds from 20 lbs of picked stone. A better feeling exists with regard to Barrier Beefs, and buyers now offer 4/3, while sales have been made up to 4/5.

Northern Steam contributing shares sold this week at 7/10, and 18/ was offered for the paid-up issue. New Zealand Shipping shares ara atm ia request at £6 10/.

Excellent progress is being made with dvelopinent works in the Hauraki Freeholds mine. The country lieing penetrated is of a favourable nature for gold.

Waihi Union output this month uhows improvement. 1610 tons having yielded bullion worth £2661. making ♦he total to date £12,996. Tairua Broken Hill shares are steadily moving upwards, sales being made at 2/8, as against buyers at 1/9 a week ago. A new reef has lieen cut in the low level.

Development works in the Royal Oak mine. Coromandel, are being carried out satisfactorily. Recently a new reef has been cut. which, when driven on, yielded several hundred pounds of specimens. Tn the Welcome Jaek mine, No. 2

lead has improved very much, and now shows blue sulphides and colours of gold down to the floor of the drive. Thia week a start should lie made with the battery building if the weather remains fine.

Reynolds’ reef in the Progress-Cas-tle Rock produced 201b.s of picked stone during the past week, whilst another 321 bs of picked stone were crushed for u yield of 18ozs 7dwts retorted gold, worth about £5O. The Hokianga reef in the May Queen Extended low level, eastern face, is still divided into a number of ribs of quartz., which now appear to be coming closer together. In the western face the reef formation is one foot in width, and at last breaking down colours of gold were seen. Crushing is proceeding.