Shares and Mining
Observer, Volume XI, Issue 714, 3 September 1892, Page 14
Shares and Mining
By Obadiah, the Scribe
Owera. — Mine looking first-class ; are crushing well ; large return may be looked for at end of the month. So sayeth the manager, and from the amount of amalgam on hand " from plates, the month's return should be even better than that of laat month, and there should Boon be sufficient of the needful in hand to erect the ten more stampers asked for by the manager, without touching the tender part of stockowners. It seems on the cards that this mine will help to pay off the Kauri Timber Company's baulk timber business, which the Liberal Association and observing editor seem so anxious to pass into law. KtJAOTUNU mines are yielding a fair> amount of bullion, and shares in several of the mines are on the rise, with every probability of this continuing, as stock at the present figures must be considered cheap, if the amount of gold is taken into consideration. Some of the mines should try what difference one of the patent gold extracting companies would have oh a few hundred tons of their rock, and if the owners of the patent compounds would help in the matter it would be to their advantage. Sitting down on their hurdies asking folk to run after them is not the way to push the process, if it is ever so good. The Kapanga have now got their big pump started. Let us hope it will be less oostly and more useful than the Thames water raiser, which has been the most costly piece of mechanism this side of the line, and should have remained in the land of Home Kule, from which it came to the colonies. Hazelbank.— Colours and dabs in Daly's leader caused shares to advance to 5s several times during the week. I think the present price is plenty, as we know the payable block is not large, and it is doubtful if it will pay a div., which so many are anxious for. Alburnia.— Crushing is not so good as last, but good . payable rock, being over 2ozs to the* load ; but when we have been getting from 9 to 23, some folk are not content at the tumble. Orlando. — Some of those who surrendered shares in this mine having been making application to be reinstated, now that their shares were sold and placed to credit, it couldn't be done, and they are jeft lamenting. Victoria. — Showing colours ; driving westward. Whau. — Objecting to Alburnia having use of Freedom tunnel, unless provision, is made for all and sundry mines in the locality. They evidently object to the Occidental business over again, where one mine opposed a tunnel being used by another, though it had cost them nothing. The Miners' Union is of the opinion that wardens, like parsons, should be removed every three years. Some think it would be of considerable advantage if miners, legal managers, directors and a' were removed every shift, as they would not have time to do any mischief and some fellows would have a chance. Brokers are not to be directors of mining companies. The why and wherefore has not been given by the gallant ' soger ' who has disqualified them, but, no doubt, he had his reason. Some are under the impression that a director has advantages over shareholders in regard to information from the mine, and they think parties having such information should not be in a position to make use of it against the general body of shareholders, whose shares may be in their hands for sale.
Efforts are being made to get the drapers to close in the latter part of Wednesday, of next week, for the interprovincial football match, and, as the concession is a .reasonable one, it is likely to be granted. Drapers assistants have none too many holidays, seeing that their Saturday nights are all absorbed by business.