Shares and MINING

Observer, Volume XVI, Issue 910, 6 June 1896, Page 7

Shares and MINING

By Obadiah, the Younger,

TO COUNTRY SUBSCRIBERS.

I can recommend the following sharebrokers to thG3e of my subscribers and readers in the country and at a distance who are investing in shares and who wish to have their commissions executed by reliable and trustworthy men:— V. J. Lamer, 35. N.Z. Insurance Buildings. James Reid, Insurance Buildings Joshua Jackson, Stock Exchange, Auckland W. H. Shakespear & Co., Queen-street. . Ryan and Smith, 109, Queen-st., Auckland Morris & Edwards, B.N.Z. Buildings, Auckland, and vv harf- street, Paeroa. J. M. Dargaville, Chamber of Mines. AitkenCarrick; Portland-street. D. E. Clerk, 37, Insurance Buildings. R. Burns & R. Woodhouse, 26, Exchange. Markham & South, Mining Exhange. John Churton, 106 and 107, Victoria Arcade W. A. Prime, 25, Insurance Buildings. Walter Gaudin, Victoria Arcade J. M. Shera, Seldon Chambers, 97, Queen-st Allen & Co., Mercantile Chambers, Auckland. R. Burrow, No. 97, Queen-street. Miss Bacon, Queen-street, Auckland. G. F. Brimblecombe, Exchange, Auckland. J. Aleck Walker, 27, Shortland-street Jos. Smales, 7, Govt. Insurance Buildings. J. Me rea Brigham, 111, Victoria Arcade. Porter tmd Hampton. 26, Shortland-street J. H. Fleming, Paeroa. Pollock & Johnston, Colonial Bank Buildings. Ruddock & Walker, Queen-street. Mrs S. Walker, 20a, Coombes' Arcade. R. G. Macky, No. 6, Stock Exchange.

The market for the last week has been even stronger than it was at any time prior to the slump. Investors are full of confidence, and values have been rising steadily all round. Big profits have been made during the week off certain stock by those who have chosen to sell. But there are more holders than sellers. It is astonishing how indifferent crowds of investors have become to the temptations of speedy and moderate profits. " ' They want big profits now, and don't mind-waiting for them and facing the risk. Buyers from outside have been very strong, also, and if the truth were, known, it would be found that many thousands of pounds have come in for investment this month from the South, Australia, and the Home country.

One regrettable feature that has manifested itself on Change lately is the disposition of speculators to attach greater importance to the prospect of a mine being placed under offer of sale than to the value of the mine itself. This is where many Eeople will come to grief. Be snre in the rst place that the property yon are investing your money in is a good one. Then you can reßt satisfied that your risks are small, and that sooner or later the property will find a profitable market. Just now, it is the fashion to plunge wildly into every concern that is placed under offer. The consequence is that the scrip rises quickly in value and the knowing people clear out speedily, and leave the mining plungers to nurse the baby. Has it ever occurred to the heedless investor that this system is offering a premium to dishonesty? It is no secret that the offers made for at least several properties that might be mentioned are bogus. It is an easy thing to arrange to get an offer made for a mine, but unless the offer is bound by a deposit in cash, which shall be forfeited in the event of no sale, it should not be allowed to increase the share value of the company by even thousands of pounds as is the case now. A nod ought to be as good as a wink.

Leading Wind. — Systematic work is being commenced upon this promising property at Manaia. Thirty feet has been driven on the No. 2 lode, which is from one foot to eighteen inches, and carries gold all the way. Seven" tons of first-class ore have been broken out.

Golden Point. — Prospects have been improving this week, and the stock ought to see higher money.

Hazelbank — This was one of my recent tips. Stock has advanced two shillings in a fortnight, and will advance more yet.

Cardigan.— Worth buying at present prices, to hold on the prospect of flotation.

Puku Consolidated. — The boomers are at work. At the same time, the offer of cash and shares for the property is a good one.

Moanatairi. — Stock has not seen the top of the market yet fay any means.

Bybon Bay.— Go slowly. The money is worth the scrip, notwithstanding the -flotation talk.

New Whau. — The mine is slow in coming,, but it will come eventually. Mangakara.— lt is right. Grace Darling. — Another of my tips. There has been a. rise of a shilling during the week, Tjut there will be a greater rise yet.

Waitekauri No. 4:"— You can buy at present prices and go to sleep on them. A certain investment. Talisman. — Strong efforts being made to steady the market. Safe for the pound. Silverton. — Stock is now safely over the £4, and ought to stay there. Woodstock.— They will be more before they are less Three pounds will be a low price yet this side of Christmas. Waihi Extended. — What has become of that reef ?

Alburnia. — There will be a rise again in this stock if the reef now due copies np to expectations.

Aurora — I hear the stone that has gone for treatment is very rich. And not the only rich atone the Aurora ha 3 produced.

Progress Castle Rock. — Frequent breakings down, and plenty of gold se.en every . time. Telegrams more plentiful than specimens.

May Queen — It was a mistake to extend the term of option. Directors could dispose of the mine now on better terms. By the way, was that deposit cheque ever cashed ?

Imperial. — One of the best things I know for an investment.

Maritana. — Endeavours will be made to boom this stock shortly. Don't rush it.

Inglewood.— Good enough for a few pounds if the amalgamation with the Rising Sun comes off.

Talismav Extended. - Can't see where the value of this stock comes in. And of what use is a deposit of £1,000, which the man who makes it is at liberty to lift if he chooses ? Just as well no deposit 8t all

Waitekauri — Machinery started at last. Don't be surprised if you see a couple of pounds added to the price of this stock within a fortnight of the first crushing.

Huanui. — I have mentioned it again and again as a good thing. Rise of one shilling this week.

Heitmax's Fbeehold. — Mine quite clear of water. The management have overcome difficulties that would have knocked the bottom out of two-thirds of the companies in existence.

Karangahake. — Ought to be good for a further rise. Leader is very rich, and ought to junction with something good.

Waverley. — Tregoweth has got a rich leader. And he deserves it for his pluck.

Waibi. — Buy even at £6 10s if you want a safe investment with fair returns.

Sovereign. — Coming again, but slowly.

Stanley. — Hope expectations will be realised.

Victoria — Prospects improving slightly. Everything points to flotation.

Argosy. — Have you not got the treacle ont yet ?

Cabuage Bay Special— l his is the district where rich gold was got in quantities out of Vizard's Claim. The Special is south of the Moehau Star, and is reckoned one of the best bits of ground on the Peninsula. Offers have been made by five or six experts, both for shares and money.

Kuaotunu. — Floated at Home. Argyll reported paid £500 deposit. Two reefs.

Morning Star (Kennedy Bay). — What about the Herald reporter now and his damper? Good gold is being got .here, specimens being forwarded. Good stock.

Winder Special. — Thi9 property is being placed upon the local market at £85 per share, and may safely be recommended as a good thing for investment. It is situated alongside the famous Broken Hill mine at Tairua. and Mr H- W. Moore, manager of the Waitekauri mine, is satisfied that the Broken Hill lode passes right through it. The total area is 149 acres. I hear that the property will be' placed through Mr H. Gilfillan's office, and this alone will be an excellent guarantee of its bona rides.

Pohipuhi. — This field is not to be left out of the mining boom. Letters and cables have been received from London inquiring for Puhipuhi properties, and, as a result, the Taumatahinau block (1,200 acres of freehold adjoining the British Gold and Silver Co.'s claim) and the New Puhipnhi, Waiariki, have gone Home. It appears thst when Puhipuhi was., booming four years ago, a London expert visited the field incog., and took away stone. They were so satisfied, with it in London that it was intended at the time to go into the silver field, but the slump broke off the connection. The present inquiries come from the same people. Mr A. G. French has reported to the British Gold and Silver Mining Company, Pnhipuhi, that the ore paddocked from the Poneke lode is worth £B 16s 3d per ton, and that from the Ahuriri lode, £.1 6s 6d per ton. The new works at the mine are progresssing satisfactorily.