NEW ZEALAND MINES.

New Zealand Herald, Volume XXXIV, Issue 10515, 7 August 1897, Page 5

NEW ZEALAND MINES.

LATEST LONDON NEWS. [FROM OUR OWN CORRISFONDEST.] London, June !£• It in almost unnecessary for me to tay that basineis in the raining market this week is almost entirely paralysed by the Diamond Jubilee Celebration*. Virtually there has been nothing dob* so far aa aetnal definite business is concerned, and thia week's quotations must be taken as purely nominal, aflany rate they cannot be regarded as meaninpj more than thia—that ii any business at all were doing it would be done upon the terms mentioned, but as I hare juet said the business doae hu been praotio&lly nil. At the same time it is possible to discern somewhat of a tendenoy amid all the stagnation, and 1 am inclined to think that tendency is on the whole more favourable than it haa been of late. The brilliant results of the Waihi have, as I predicted, gone a good way toward restoring some degree of confidence, and if only three or four other mines would show a decent dividend, things would soon look up in the London market. But the samo cry is dinned into my ears day after day in the city until I grow siok and weary ot it, " When are we going to see any dividends! When are we to have any return for all the millions of capital we have poured into New Zealand?" And what can I say in reply t Like the man in the parable lam "speechless." Or I can only express mj hopes that we shall soon get good news, anfl then my friends look, if they do not say, 0 bother your hopes. What we want is gold 1 And so there the matter ends for the time— unsatisfactorily. Next day the whole round has to be gone through again with as little result. I fancy that the great doubt wmon is just now impairing confidence in New Zealand mines, is whether, after all, the deeper levels will yield tho rioh results «• peoted and predicted. On this head a widespread feeling of distrust undoubtedly does exist, and the looner it is dispelled the

better. Latest quotations in London for New Zealand mines are the following : — Achilles, 2s ljd to 2a 4Jd; Aroha, i to 8; Blagrove, 2s to 2s 6d; Consolidated GoldHelde of New Zealand, % to 3; Glonroek, 2s 10 jd to 3a ljd; Gloucester, Is to 2s; Hauraki, 8s to 8s 8d; Hauraki Associated, 3d to 6d; Kapanga, 6s9d to 7s 3d; Kathleen, 2s 3d to 2s 6d; Kathleen Crown.ls fid to 2s; Kauri, 1* to lg: Komata Beefs, Us to 12a; Komata Queeu, 2s fid to 3s: London and New Zealand Exploration, 11-16 to 13-16; Maoriland, 6d to Iβ; Moanataiarl, J to 1; New Zealand Consolidated, 9-16 to 11-16; New Zealand Joint Stock and General Corporation, 1§ to IS pm.; do. Founders, 6to 8 ; New Zealand Minerals, 2s to3s; da.Founders, 4to 8; New Zealand Crown Mines, 1J to It; New Zealand Talisman, Jto J ; New Hauraki, 9d to Iβ 3d ; Preece's Point, Is to Is 3d; Royal Oak, Iβ to Is 3d: Taitapu Gold Estates, 1J to 1|; Thames Hauraki, 4 to |; Triumph Hauraki, 6d to Is; Tokatea, Is to Is 3d; Union Waihi, par to J pm,; United New Zealand Exploration, Jto 1; Waihi, 7 to 71; Waihi Silverton, Jto i ; Waitekaun, 2i to 2J; Waitekauri Extended, 7b 6d to 8s; Waitekauri United, ito J pm.; VVaitekauri Cross, §to I; Whangamata. Bto * die.; Woodstook, 113-16 to 1 15-16; Irene, 2s to 3i; Success, Is 3d to Iβ 9d.