WATOTAHI MINE.
Every now- and again people who buy .bares at auction -which havo been 6o!d ou acconnt of being 1 forfeited for tho nonpayment of call., strike .. bit of luck. An in.taneo of tbU occurred ehsrtiy be-fore Christmas when. soma th-.u_a.i-d .hare, in the Wuiotabi mine were ..old because, tho owners had failed to pay a penny call. Th© prices realised were very low, iv soaio caees 5s per thousand being accepted. Before tho Exchange, closed for the Christraaa vacation, _. demand set in. for Waiot-hi -hares, and salts were made in the open market up to 9d, which left a, h_udso_uo profit for the speculator-. This adv.inoc was all tho moro _arpr_.in_, because owinjj to the ttappago of work in the main eros-scut at 1000 feet operations in the Waiotahi mino had been suspended. Probably' recollection hu<l been aroused of some ytars ago when tho Waiotahi had almost closed "down, r.rid a now run of gold was discovered, which resulted in shares advancing from C. <:»! to £20 each. Of course thero wero only 6000 share, in, the company at that timo, henco the smart advance. All tho samo aoruething like £35 per share was distributed in dividends.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19150111.2.57.13
Bibliographic details
Press, Volume LI, Issue 15173, 11 January 1915, Page 9
Word Count
198
WATOTAHI MINE.
Press, Volume LI, Issue 15173, 11 January 1915, Page 9
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