"SLUMP" IN MINING STOCK.
As indicative of the " slump " in gold dredging stock, we have made a comparison in the quotations and sales of twelve months ago and those ruling last week in twenty Otago and Southland companies:- t Shrinkage
Total £176.800 £208,033 15 „ ... , ' . j "1-h'i ;„ 4i 1P market value of the stock of twenty companies there has been^rleW 0 ;-er £200,000, although during this period many more dredges have produced gold in payable quantities as the following-figure* show :- For the week ended August 25, 1900 thirty-nine dredges (Otago and Southland) redredges (Otago and Southland) reported, the total SSb as to capital and prices, but it may be The above table is opento conreaion n V i exce ptions, taken as approximately correct ud u *mn■ £ rela _ SSSTta 'tfeta££ no? being nearly as high as it would have been twelve months since. __
1900. 1901. Difference. Capital. in value. s. ( .1. s. d. s. d 1. £ £ s. Central Electric Clyde Cromwell Dunstan Lead 52 0 77 0 17 60 0 0 35 17 0 0 7,000 4,000 12,250 0 3,400 0 98 31 50 0 0 0 78 19 41 0 0 0 20 12 9 0 0 0 7,000 14,000 26,000 7,000 0 8,400 0 11,700 0 Electric Evans's Flat Fourteen-mile- Beach .' '.'.'. ... 25 35 34 0 (i 3 16 22 4 6 0 0 8 7 30 6 0 3 2,800 16,000 10.000 1,190 0 5.600 0 15,125 0 Gold Queen Golden Bed Halfway House Hartley and Riley Inch Valley Magnetic Mamiherikia Olrig Otago Sailor's Bend Upper Magnetic Vincent Vincent Extended '. '.'.'. ... 21 32 160 35 ... 45 6 0 0 0 0 13 10 70 15 18 0 0 0 0 9 8 22 90 20 26 6 0 0 0 3 10,000 7,500 7,000 5,000 7,003 4,250 0 8,250 0 31,500 0 5,000 0 9.537 10 100 20 0 0 40 5 0 0 60 15 0 0 12,000 7,000 36,000 0 5,250 0 27 0 12 6 14 6 4,500 3,262 10 '. 44 21 ... 55 0 0 0 28 2 7 0 3 6 16 18 47 0 9 6 8,000 8,000 5,500 6,400 0 7,500 0 13,062 10 ' 37 6 7 3 30 3 8,500 13,356 5
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Bibliographic details
Lake County Press, Issue 978, 5 September 1901, Page 7
Word Count
369"SLUMP" IN MINING STOCK. Lake County Press, Issue 978, 5 September 1901, Page 7
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