WAIOTAHI SHARES.

Otago Witness, Issue 2653, 18 January 1905, Page 26

WAIOTAHI SHARES.

There is still a dual of interest m the discovery at the Waiotahi gold mine at | Thames "(writes our Auckland correspondent on the 7th), and there was quite a boom in Thames mining shares when the share market opened on Thursday last after the j holidays. Waiotahi shaves, which in the middle of December were valued at about ! Bs, sold this week at £20, but this was i the turning-point in the- market, for mime- ; diateJy that figure was reached there was a gradual casing off in prioes, no doubt owing to the lack of information from the mine as to the actual- value of the find. All reports agree that the show is a splendid one, bufc there will be no breaking- j down for some little timo, the reason given | being that the stone is too rich to break down indiscriminately and the drive has first to be cleared tip and other precautions tak-en against losing any of the rich stuff as it is shot down. Meantime the battery is running one shift on general ora from the drive. There are 6000 shares in the mine, bufc ohese are to he subdivided into 60,000 shares of a value of 6s each, the object being to make them easier handled an the share market. It will take quite a month, however, before the preliminaries In. connection with this scheme can be carried through. PANIC IN AUCKLAND AND THAMES. , AUCKLAND, January 13. There was quite a panic in Waiotahi shares < ct. the Auckland and Thames share markets j to-day. In the morning there was great I snxiety to sell, and shares fell to £6 ss. Later j in the day. however, there was news that ! 4cv/t of selected stone had been secured from the breaking down, and shares rose again to about JBIO. The panic was apparently due to a rumour, current at the Thames that the breaking down had shot through into clay.