Shares and Mining

Observer, Volume XI, Issue 780, 16 December 1893, Page 23

Shares and Mining

By Obadiah, the Scbibe,

. The flood at the Thames has done a con- ' siderable amount of damage to our mines as well as to the business people of the district. The breaking away of the race, the shifting of the mullock-tipa and tramways, the carrying- away of bridges all do harm and cause expenditure that can be badly afforded by the local bodies, and the money so spent is greatly wanted to open up various outlying portions of the distriots concerned for fresh developments. Moanataiki. — Annual meeting shows that although there has been a fair amount of bullion produced for the year, the shareholders managed to pocket no portion of it. And why should they ? Are they not invented for the express purpose of keeping so many hands employed during the year, and why should such folks have dividends ? Utter nonsense I | Mat Qttken. — Taken over the mill and intend to keep the same running on rock of a payable nature. New poppet legs to be erected, and legs to stockholders to keep them firm on their pins for call-pay-ing purposes to solve the deep-level problem and save the Thames from being j snuffed oat as a gold producer. | Alburnia.— lntended opening out on a clay seam, to see if there is any chance for improvement. Do they intend brickmaking ? or what is wanted with an improvement in their clay? New Fearnought. — Cut the reef Eepublic after driving 24- feet. Do they intend electing a President, or are the stockholders still to be the, owners. Try Fluke. — Another first-class return and a probable dividend towards duffmaking — and shares 2/6. Red Mekcury. — Cyanide tests not up to expectations. Assaying on fiat and assaying in vat don't agree. In fact, it is a rather difficult job to get ' ass-sayings ' to agree at any time, and there is considerable difference in a-sayings and doings of this turn out— and not in favour of stockowners. Crown C0.— ,£2500 for the month, or .£BOO improvements on that of last, and lots of a similar sort left, which will be worked cheaper when the rock-borers are set in motion, aad then we may expect dividends. Talisman. — Driving on reef four-feet pay rock, from which first-class prospects are beiner obtained. The proposed Glasgow owners seem to have a good thing in hand for the investment of their capital, and no doubt when taken over the property will be vigorously worked and ought to pay handsomely. Loan MifRCANTiLK — The stock-holders in this once-brilliant dividend payer are evidently in a tight place, and from present appearance a call of at least <£6 per share will be wanted to meet engagements to save the company from extinction. The amount of talent bossing the concern, the bargains they have made, the per centages they have paid for raising the wind — behoid are they not written in the books of the tchneider money-lenders in London, and not to the profit or benefit of stockowners, wool-sorters or senders, or the stock-owners of other concerns connected therewith, all of which, being in sympathetic accord, has a downward tendency dreadful to behold.