SHARES AND MINING
Observer, Volume XXXII, Issue 11, 25 November 1911, Page 20
SHARES AND MINING
So far as investment shares are concerned, dull business on the local Stock Exchange has to be recorded. ' • .• .•
Holders of Bank of N.Z. were asking £12, and National were offered at £5 18s. There were no takers.
N.Z. Insurance were done at £4 10s. Sellers of South British wanted £3 10s, and buyers offered Is less. National were available at £2, and Standard oould have been had at £1 12s.
Taupiri Coal sold at £1, and Wes£port changed hands at £1 8s 6d. Northern (10s paid) saw business at 11s. Hikurangi were offered at 19s 6d.
Ordinary shares of Auckland Tramways were dealt in at £1 4s 3d, and there was a transaction in Takapuna Tramways at 17s.
Business was done in contributing shares of Northern Steamship at 7s 3d.
The Occidental fight between the Bears and Bulls was short and sharj). I think the outsiders scored this time, a great number of both Bulls and Bears losing money. The squeeze was spoilt, as usual, by someone sneaking out. Shares eased to Is 9d, and rose to 2s 2d, and back to Is 9d again.
There have been large transactions in Waiotahi shares up to 5s Id. Things must look more promising, or there would not be such steady buyers. Some picked stone from the present low level would cause a great rush for the shares.
Junctions eased to 32s 3d, and improved to 335. Developments ori the Empire, so far, have been disappointing, but the main portion of the reef may be still ahead. • • p Waihi shares remain steady at about 60s. • * * May Queen has not cut the Bright Smile reef yet. Keefs in this mine generally turn up in most unexpected places. Market, 2s. • • • Sylvias sold down to Is 4d -, Saxons, Is 7d ; Victorias from Is to Is 3d ; Waitangi, 3s 4d. Reports from Hauraki and Hauraki Reefs are a little better.