NEW ZEALAND MINES.

New Zealand Herald, Volume XXXVI, Issue 11060, 11 May 1899, Page 6

NEW ZEALAND MINES.

LATEST LONDON N)WS. [from our own correspondent.] London, April 8. A CALL of 2s 6d per share on £1 shares in the Waitekauri Cross Gold Mining Company has been made. It was payable on Wednesday last.

Mr. Frank Merricks, late of Auckland, lias returned to London from Spain, where he has been reporting on mining properties. Mr. Hornilnook is now well on his way to Erytlu'ea, to assume his duties of superintendent prospector for the Italian Government.

Commenting on the issue of the Waihi superintendent's and the manager's reports, the Mining Journal is of opinion that the shareholders in " this flourishing New Zealand Company" will find them " very interesting reading" during Master, * l and the perusal should put them into the humour of thoroughly enjoying the holidays." Everywhere the " mine" appears to be opening up splendidly and promisingly, affording plenty of evidence of vitality and of prosperity which will continue for many years to come." It is noted that in two years the management has ellccted a total reduction in cost of 6s 2.39 d per ton. Not infrequently references of a rather disparaging nature are made to New Zealand mines, and it is said: "Give us returns and then we II talk about them.'' This is not altogether deserved. Looking through a leading financial paper on Wednesday I counted under one heading forty items of mining news, 1 elating to gold, silver, coal, and even water used for mining purposes. And yet of the forty, referring to the whole world, and embracing all kinds of mining operations, four—or ten per cent.— good returns from New Zealand properties, surely not a bad proportion. As is always the case, the Eastei holidays have upset the city people so far as the transaction of business is concerned, and perhaps this state of tilings has made itself 1 most prominently felt in the mining world of London, where all the various markets have been, and are, deadly dull; and, of course, the New Zealand section lias suffered in its turn. This week practically no mention has been made of New Zealand ventures, J append, however, to-day's quotations, which may be taken for what they are worth. They are as follow —Anglo-Continental Syndicate, I to 1 1-8 • do. Founders,2o to 25; Blagrove, 3d to 9d; Consolidated Goldfields of New Zealand, 1 5-16 to 17-16; Hauraki, 3s 3d to 3s 9d: Haulakt Associated, 3d to 9d; Kapanga, 2s to 2s Mi Komata Reefs, 2s fid to 3s; Kauri Freehold, 9-16 to 11-16; London and New Zea and Exploration, 9-16 to 11-16; New Zealand Consolidated, | to §; New Zealand Joint Stock and General Corporation, I , W'' ; do Found «'s, 2to 3; New Zealand lalisman, 11-16 to 13-16; New Hanraki, 3d to 9d; New Zealand Crown, 11-16 to 13-16 A Preece's Point, 3d to 6d; Royal Oak, is 9d to 2s 3d; Thames Hauraki, /to i; Union Waihi, § to §; United New Zealand Exploration, ? to I; Waihi, 5 7-8 to 6 ; Waihi-Silverton, § to 3; Waihi Grand Junction, 13-16 to 15-16; Waitckauri, 21-16 to 2 3-16; Waitekanri Extended, Is 7Jd to Is 10jd; Waitekauri Cross, j to |; Waitekauri United, 9-16 to 7-16 dis.: Woodstock, 7-16 to 9. , , '