SHARES AND MINING.

Observer, Volume XI, Issue 754, 10 June 1893, Page 18

SHARES AND MINING.

By Obadiah, the Sobibe.

Fancy ! what gluttons those Saxon fellows are I Two million new shares I What do they intend to do with the' balance after bDying the two Queens, the Victoria, and the rest of the mines on the Flat ? Perhaps they intend, taking in Karangahake, Waihi, and a few other choice spots where they would be certain of a return on their capital ? They have anticipated Richardson's million and a-half, which he has decided to borrow, and have decided to go one better. He intends to spend his loan in Otago, where they have already had just a trifle more than their share of the loaves and fishes. It might be as well if we could manage to spend a couple of millions in mining, as k certainly would be~a productive as the caßh spent on the Otago" Central or Canterbury Midland. "Would suggest swopping members and land buyers for the session, as the way they are settling land in the South, as compared to the North, at present, is really prodigious. Lone Hand.— Six loads six ounces per load. What has become of the great Bark-lay's promised thousands ? His loss in the mine, according to rumour, is jus* about the same as Jay Gould died worth. : Kabaka's Pride. -Rather low. Small crushing. One and a-half ozs per load. Looking for something better. They deserve to find it— if within their pegs. Yictobia.— Producing some picked stone and good crushing rock. Buyers of shares | at advahoed price. Oblando.— The horrible directors have again decided to forfeit all Bhares on which calls have not been paid. Jolly time to forfeit shares, as they are worth a call and a trifle over, and some of the longwinded stockholders who are so anxious to trade on their partners' capital are deserving of no mercy. Gold showing in both reefs, and shares advancing. May Queen.— Daba and colours in the eastern drive. Country is' tight. Why don't they run it in ? Are they allowed to get tight on the Thames so long as the stockholders go bail and security ? Stock don't tighten like driving. Wish it did. What about the proposed amalgamation ? Are the Saxon's terms likely to be agreed to ? Doubtful. Albuknia.— lntend keeping Saxon battery running full time. Will want a heap of rock to keep running full speed ahead. An improvement in tramway would help. Suppose Boss Tom knows when to put hiß pick in it? Will want a lot of stone and a trifle of bullion to give a dividend to holders. No reason it should not be there — when they find it. Moanataibi.— Reducing New Zealand in a face, and filling up the foreshore. Crushing not bo prosperous as the country. One takes a lot of crushing and is payable ; the other crushes a lot and is not payable. Whence the difference ? Champion.— ln the hands of the Philistines. Sold off to pay their liabilities.^ The English office still several thousands in debt to local syndicate who sold the concern, and who were sold in return, as they have now neither mine, nor money, nor scrip to show for their dollars. Waiobongomai. — Yet another conversion has taken place under the guidance of Preacher Harry. Dry crushing is to be the order of the day, all other systems having 'failed to save only a small portion of the bullion contained in the rook and tailings. The Preacher in this instance planks down Mb own dollars. Cbown.— Have been crushing and cyaniding for ten dayß. No return to hand. Take it for granted its all right till the Glasgow people let ub know. Woodstock.— Same old yarn ! Some one in the old dart wants to purchase the property. Might do worse, as there can be no doubt as to its payable prospects, with capital to devel-op it up.