Shares and MINING

Observer, Volume XVI, Issue 922, 12 September 1896, Page 9

Shares and Mining

By Obadiae, the Youngeb.

TO COUNTRY SUBSCRIBERS. I can recommend the following sharebrokers to thoae 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 Aitken Carrick, Shortland-street. D. E. Clerk, 37, Insurance Buildings. Markham & South, Mining Exhange. Walter Gaudin, Victoria Arcade J. M. Shera, Seldon Chambers, 97, Queen-st Allen & Co., Mercantile Chambers, Auckland. Woodhouse & Black, 87 and 89, Queen-st. J. Stewart Browne, 89, Queen-street. J. Aleck Walker, 27, Shortland-street J. H. Fleming, Paeroa. Pollock & JohnstoD, Colonial Bank Buildings Tounghusband & Burton, Marine Chambers Lennox & Hull, 16. N.Z. Insurance Buildings. John Churton, 106 and 107, Victoria Arcade John Phillips, Paeroa. ( :. F. Mark & Co., Colonial Bank Buildings. Jos. Smaleß, 7, Govt. Insurance Buildings. Harrison Bros., 76, Victoria Arcade. J. Croom Webster & Co., Central Chambers. Miss J. Hunt, B.N.Z. Buildings, Auckland. J. McC'rea Brigham, 76, Queen-street. Clarke & Clay, 97, Queen-street, Auckland. T. D. O'Toole & Co., Central Chambers. Bainger & Furness, 18, Victoria Arcade. Mrs S. Walker, 20a, Coombes' Arcade. Miss Bacon, Queen-street, Auckland. G. F. Brimblecombe, Exchange, AucWana, R. G-. Macky, No. 6, Stock Exchange. E. Bond, 210 Victoria Arcade.

Thehe is ample evidence this week that the vitality of the mining market has been dormant rather than dead. All sound stocks have been strengthening in price, and in certain instances, euch aB the Sheridan, the rise has been strong and decided. Buyers are again very numerous, and the tendency of values continues to be upwards. The release of the Hauraki South purchase money has exercised a wholesome effect upon the market, which is slowly recovering from its glut of new stocks. These gluts are the death blow to speculation. News from the goldfields is encouraging on every hand. There seems to be no doubt whatever now that the Princess May find at Botokobu is one of the biggest thiDgs that the Upper Thames has yet seen, and one good thing usually leads to the discovery of otheis. For half-a-mile tbia formation in the Princess May has been traced, and independent assays taken from several places nave varied from £20 to £190. The stuff is not quartz — it is a kind of conglomerate which would not be suspected of carrying gold, and which shows no gold except in isolated patches, and yet it is richness itself. The Talisman crnsning, equalling £5 2s 6d per ton, is calculated to maintain the reputation of' this mine for richness, and should create a good effect in London. It seems that the Anglo- Continental Company have given up the Great Barrier gold and silver mine, after pottering about for several months in a wretched, two penny-halfpenny fashion, and depreciating the prospects generally. The ownera have been very scurvily treated by the AngloContinental. No explanation whatever has been vouchsafed for the abandonment ; every endeavour on the part of the manage ment to ascertain the result of the crushing has been met with utter silence, and in other respects the Anglo Continental haß behaved in a way that will not commend itself to ownera of other properties But once more I would ask what the Anglo-Continental is doing in the way of acquiring properties beyond engaging the services of Beveral highly-paid officials and an influential board. It has pottered away at, depreciated and finally abandoned several properties, notably the Tairua Broken Hills, which is the richest discovery yet made on that part of the peninsula. What ia the game ? Is it to temporize, waste time, and finally to discourage the holders, in the expectation that they will be squeezed out, and then that the company will finally step into possession of these properties at so cost to itself ? If so, it will require to get up a trifle earlier in the morning on the Hauraki goldfields. The experience of the Great Barrier people should, however, teach the mine-owners to be slow in allowing foreign corporations to acquire a knowledge of their property at such little cost to themselves. So far aa the Barrier mine ia concerned, the shareholders have a decidedly good thing on, and they should take steps to turn it to account.

Waihi,— The new reef, essaying £3 15/---on the western side of the mountain, is an important discovery to this, as well as to other companies. Waitekaubi United.— The thirty-feet Young New Zealand reef proves to go right through the Mangakara claim into . thia property. It is sure to be cut in the present drive. Central.— The final payment of £4,500 on account of the purchase of the CentralPilot has been made. This will be a good property by-and-bye: Queen Annie.— The outgoing mail took away the documents for the flotation of thia property adjoining the Central. Kapai-Vebmont.— Average for the mouth decidedly better than an ounce to the ton. How is the sale progressing ? Habp oi- Taba— What is this we hear about £12,500 cash and 27,000 shares ? No wonder the stock is rising. Despise*-.— Thi* is also known as the Tairna Bunker's Hill. Shareholders have done well by getting 1,000 Alberts, worth £100, for each £60 share. Waitekaubi. Pbince. — Terms of offer for thi3 property are equal to 9d per scrip and one share to every two. Preliminary documents have gone Home. Haubaki Nobth.— Five years crushing dirt m sight, and ten stamper battery rej solved upon. This ia as it ought to be. [ Kabangahake.— Colours of gold from the I big reef by pounding, and a new leader intersected, which gives fair dish prospects. Ine Karangahake will come out all right yet. ° \ Waitekaubi AirAXGAMATED. — Purchase money paid over. God forgive the people i who have sold this property. i»^v V Q UEEN Extended. — The sum of 1 £1000 on account of the purchase of this property on its way. Prospects in the mine very satisfactory. KcniATA.-Thirty foot reef giving good dish prospects. Get your machinery up. Waihi West.— lndications in the mine ™ r ? J a ? oarable - lo Are they going to get the Welcome reef ? Waihi South.— Moving upwards in sympathy with the improvement in Waihi West What a lift that Welcome reef wouJd give these claims, to be sure. Shebidan.— Stone sent to town not out of the way, but it shows coarse gold and if there is plenty of it shareholders are safe for a good thing. Cabdigan. — Nothing new about the negotiations. Option expiring, but the future is safe enough. Taibua Propkietaky. — Boom, Peter boom. It's the way of the world. ' : Katie —News of the cntting of Aitken's reef brought about a nice little rise in this Btoc f Reef two feet thick showing coarse gold. Is ews was worth more than lid. Moanataiw Nobth. — Picked up the main reef,on the foofcwall side of the slide and another 20 feet will take them nnder the ran of gold in the upper workiEgs. Gbeat Kapanga.— Very steady in price. Better hold on for tbe present Gkace Dablixg.— Steady rise this week on .London prospects. Worth more. Impekial.— Stock has found its way up to 2/7. Is it to be a sale at last ? Bay View. — Moving again. Nobman Pbopbietaby.— Tunnelß started i CT ij two differenfc re efs, one of which should be to hand in twelve days. i BuNKEß's.—The manager expects to get Legge's reef in another 30 or 35 feet of driving. If he doesn't strike the reef, he will at least strike his boundary . Albebt. — Steady rise in scrip to 2/This is one of tbe good things at Tairua. Owkaboa.— Stock very low. Why not make another corner, Tnmmas, and boom it up again ? Foue in-Hand.— Option for sale granted on terms that provide for a cash payment of £5.000. I hope the negotiations will be successful, Stanley.— The breaking down the other day was not as good as might have been expected from previous accounts from the mine. May Queen. — Bank surplus divided, giving a dividend of sixpence per share. Time there was a dividend of some kind from the May Queen. Talisman.— The murder is out. Yield of £1461 for 285 tons, or an average of £5 2s 6d. It might have been worse ana still satisfactory. Kuaotunu.- Second instalment of £500 on the purchase has been paid. Empbess.— The plentitude of water in the face indicates that the reef is at hand. Expect to cut in a week. Golden Hill Extended —Made a start with their tiny battery. It is only a, aauaage machine at best, but it will prove the mine. Bell Rock.— They can get prospects of gold by pounding from the three feet reef.