REMARKABLE RISE IN SCRIP.

Dominion, Volume 2, Issue 500, 6 May 1909, Page 5

REMARKABLE RISE IN SCRIP.

WAIHI GRAND JUNCTION. (bx TEDEQOArn—raEss association!) i '■".■■■■■' Auckland, May 5. : Owing, it is understood, to a sudden advance in the prico of* shores in. the Waihi Grand Junction Mine on tho London: market, a sharp ripo oocurred at ,tlie first call this- morning in Auckland. The last, Bales yesterday vrero at about 895., but the market opened this morning with talcs at 455., then 465. Cd. was reached, after which further transactions followed down to 455. Gd., at which figure there was an unsatisfied demand.at the morning 'call. Naturally tho options to take up tho Grand Junction shares at 30s, met with a 6imilar rise, as high as 17s. being offered, but no sollcr? wero quoted. Somo of these options wero 6old within tho last three mouths as low as Is. Qd. each, 60 tho purchasers have netted'a good profit on their investment. Tho rise* on Junction shares within the last twelve hours ia equal to about an incroa6i! of .€112,000 on tho capital valuo. At tho noon c.ill tho shares in the Waihi Grand Junction Company oaecd back a little, being": sold down to 445." Si., with buyers quoting 4-is. (id. and'fellers asking 455, Tho options changed ; hands at 18s. od. A private cablegram from London, (time, 5.20 p.m.), quotes buyers'of theso shares thoro. at 495. 4id. -.-* .-. ..., .