(PRESS ASSOCIATION TELEGRAMS.)

Press, Volume LIII, Issue 9521, 14 September 1896, Page 5

(PRESS ASSOCIATION TELEGRAMS.)

AUCKLAND, September 12. The market closed firm, with free sales all round this morning. Evidently buying orders came to hand by the mail yesterday, for high-priced stocks were in good demand to-day. Several hundreds oi Talismans changed hands at 13s 3d, with further buyers at 18s. Moanatairis were wanted at 15s" 6d, but no sellers wore quoted. Woodstock buyers advanced their offers to 515.6 d, but here a vain holders declined to fix a selling rate. May Queans -were firm. Purus advanced from 5s Id to 5s 9d, and Shoridans sold at 4s 6d, at which figure more were wanted. Bunker's Hill shares were a shade firmer, sales being made at 18s. In smaller priced stock Adelaides had free business, at from ls 7d to ls 9d, Golden Points at 2s 2d to 2s 4d, and Golden Horns sold in largo parcels at ls 6d. May Queen Extended also firmed, sales being made at ls 3d. Alberts advanced from ls lOd to 2s, and there was quite a run on Jewels and Sovereigns after the noon call, owing to rumours regarding these properties being sold. Coromandel and Kuaotunu stocks had fair business at late rates.

Mr Henry Reynolds returned from London via San Francisco by the s.s. Monowai. He states that there is a very much better feeling in London with regard to New Zealand ventures, not only mining but other undertakings. The progress in this direction is shown by . the • fact that twelve months ago it was almost impossible to get any New Zealand undertaking off, but the South African trouble has turned the attention of investors more towards the British colonies, where disturbing elements are absent. The present cheapness of money in England has also been a factor in compelling people to look abroad for remunerative investments. The regular returns of gold made by the Waihi, Hauraki, and other English held Auckland Companies have now established the reputation of NewZealand mines on the London market. Cable advices have been received that Mr Kersey Cooper and Captain Hodges, the agents in London, have floated the Royal Standard property situated at Wharekeraupunga. Some difficulty was experienced in getting the Board of Trade to consent to the use of the word "royal" in naming tbe property, it being "against the usage, but it is understood that the members of the Board have now consented. The Royal Standard is surrounded by the Tavistock, Rojal Standard No. 1, Fiery Cross, Prince of Wales and Devon Consols", and the flotation of this property means a good deal to the Wharekeraupunga district. Cleaning up to-day took place at the Victoria mine, where 114 loads of quartz yielded 2670z of retorted gold, makine a total value of £730. 6 * DUNEDIN, September 12. The Sew Hoy Big Beach returns for the week are 460z 6dwt of retorted gold from the two dredges.