Shares and MINING

Observer, Volume XVI, Issue 948, 27 February 1897, Page 9

Shares and MINING

By Obadiah, the Totjnoeb.

TO OOTJNTBT SUBSCB][BEBS. i I .f ffll^ eoommen flthefollowingsharebroSers to thpae of my subscribers and leaders in the country and at a distance who are investing hi shares and who wish to have their commissions executed by reliable and trustworthy men:— . .--■■*.-

Mrs S. Walker, 20a, Coombes' Arcade; James Reid, Insurance Buildings Joshua Jackson, Stock Exchange, Auckland Byan and Smith, 109, Queen-st^ucklaiur Aitken Carrick, ShorHand-street. - D. E. Clerk, 37, Insurance Buildings. Markham & South, Mining Exhanfe Walter Qaudin, Victoria Arcade. J. M. Shera, Seldon Chambers, 97, Queen-sfc Allen & Co., Mercantile Chambers, Auckland. Woodhouse & Black, 87 and 89, Queen-st J- Stewart Browne, 89, Queen-street. John Phillips, Paeroa. Miss J. Hunt, B.N.Z. Buildings, Auckland C. F.^lark & Co., Colonial Bank BtiUdw! Jos. Smales, 7, Govt. Insurance Buildines T. D. O'Toole & Co., Central Chambers Bajnger&FurneßS, 18, Victoria Arcade - J. Croom Webster & Co., Queen-street. Jamison and Hogg, Cook's Buildings. Osmond & Ellyilt, No. 1, Cook & Son's Buildings. Arthur E. Greenslade, Mercantile Chambers Morason & Philips, Hobßon's Buildines Shortland-street.

Stagnation still prevails in the scrip market. TMb doea not mean, as many people suppose, that there is stagnation on the goldfields. On the contrary, operations on the several goldfields are proceeding vigorously and prospects were never more satisfactory or reassuring than they are now. The Woodstock battery started running this week, the big one-hundred stamper battery for the Waihi Company is rapidly approaching completion, the machinery for the Kathleen mine at Coromandel has been .set in motion, while batteries are in course of construction for the KomataJßeefs, Moanatairai, Tairua Broken Hills, and half-a-dozen other properties. Also, independent of the immense number of men now working on the several fields.the Kauri Freehold Gold Estates Company has 120 proßpectora at work on its property, with the result already that more than one good find has been made. Then, again, big works have been initiated by Mr Ralph on the Royal Standard property at Wharekiraupunga, which will, by the way, prove to be one cf our important mines yet.

No stagnation exists anywhere on the goldfieldfl. It is , a common saying amongst those who. deplore the collapse of the scrip-market that there is no gold being got to justify the boom. Taihoa, the gold returns . will be forthcoming when the preliminary work of development on some of these properties has been done, and the quartz mills arj in operation. Auriferous stone of low grade cannot be profitably treated except by large crushing plants, and it is worthy of remark that every battery built during the last three years is either paying its way or realizing dividends. Other batteries now being built will be no less succesaful, seeing that, with scarcely an exception, they have payable ore to work upon. It iB poor policy crying our auriferous resource* down on the eve of the only fair test they have ever had. -

Woodstock. — There will be wet crushing at ihiß battery as well aa dry. My opinion is that the returns will fully warrant the present value of shares. Kaiser.— One of the beat of the low priced stocks .at the present time. The lode of free milling ore reported to be struck may be a splendid thing or it may be nothing at all.

Nobma.— Two and a half feet reef showing ; gold reported. Oh, what a surprise 1

Kathleen.— The close proximity of this mine to the Hauratri and its position argue well for its success, now that the machinery has started.

Haubaki Nobth. — Is this property ever to get a decent show ? One of the good things of Coromandel, I verily believe, but badly handled.

Rising Sun.— l have always put this forward as a good thing. The recent developments in the low level, where gold ia ehowirig in the .stone, warrant all 1 have said in its favour. " ,

Nonpareil.— They are . pegging away steadily at picked stone telegrams. But it ia a dead market.

Ravenswood.— Six thousand pounds of foreign capital has been distributed. Much more will be spent.. • : r - >