Shares and MINING

Observer, Volume XXVII, Issue 42, 6 July 1907, Page 20

Shares and MINING

By Ob adi ah,

¥J ANK of New Zealand shares, tj which rose to £11 at the time of the annual meeting, are now easier, with buyers at £10 13s, and sellers at £10 14s 6d.

• • • National Banks have been done as high as £5 12s 6d during the week, and buyers are offering £5 11s 3d. « • •

Taupiri Coals have been in some demand since the amalgamation with the Craig property was arranged. Shares have been done up to 20s 3d, and there are steady buyers at £1, which, however, is only par price. « • •

Insurance stocks are quieter. The only sale during the week was of South British at £5 Bs. Buyers now offer sixpence higher.

• • m Tramway shares are still in favoiir with investors. Ordinary's have been done at 24s 8d and preference at 23s 6d, with buyers still operating. The deduction of the British income tax from the dividend has given dissatisfaction to local investors.

• • • D.S.C.'s have scarcely maintained their recent partial recovery. Business has been done at 6s 3d, but the last buying price is 6s.

• .• » ' Westport Coals have found purchasers at £7 15s and Drury at 5s 6d. Investors have been very shy of the latter stock for some time.

• • • Most mining stocks are still deadly dull, though in the natural course of events, there ought to have been a recovery to some extent by this time. The gold yield for the last. six months was £701,346, which is

a record for Auckland for that period. • • .•

The Waihi yield is a capital one of £63,450 from 27,205 tons. Shares have risen during the week, after the recent drop, and buyers are offering £8 17s. • .* •

Talismans rose sharply from 34s to 375, a considerable amount of business being done, but have now eased to buyers 36s 3d. The greater number of shares being held in New Zealand, and present prices assuring a considerable profit in most cases, the inclination has been to sell, notwithstanding the excellent reports from the mine. Otherwise, higher prices would probably have been touched. The net profit for the year was £99,334, out of which four dividends of Is were paid, leaving £36,334. Another dividend has been paid since the balance-sheet was prepared. • .• .•.

The monthly return from the Waiotahi was £15,781, showing a drop of £3341 on the previous month. Shares have fallen in sympathy, and the highest buying quotation is 16s 9d, with sellers at 17s 6d. This is, however, after the payment of the usual dividend of Is 3d. As I have frequently pointed out, every crushing lessens the ascertained ore available, and brings the chute nearer to its end. • * »

The Kuranui mine, which is being steadily developed, got £130 worth of gold from 20 tons of ore. Buyers offer sd.

■ .« * There are better accounts from the No. 1 level of the Golden Belt, where there is a good reef of fairly payable ore. Shares are firm at 9d. • .• • .•

The payable ore in the Tairua Broken Hills has been carried up 162 feet, and though the lode is smaller, the stone is of good value. Shares very firm at buyers at 4s Id. There has been a good deal of business during the week up to 4s 3d. • • m

Crowns are rather better. Business has been done at 6s 6d, with buyers offering 6s sd. • • «

Waihi Extendeds are firmer at 5s 9d, and the reports of the size of the reef in the low level cross-cut are good.

Mr Edward Nable, formerly of Macmahon's Dramatic Company? proposes to form a comedy company for a tour of the North Island, if suitable dates can be arranged. • * *

Miss Tittell Brune has always been an idol of " the girls," tut the general public do not realise the depth to which their devotion attains. There are in Melbourne, for example, two sisters tvho for the last two seasons of Miss Brune there never missed one of th.9 22/ performances and were always at the stage door with a bouquet tor tLeir favourite. Comparable to these were "The Twenty," a band, of Melbourne working girls, who not only went to the theatre whenever they could, but, having found that Miss Brune attended early service at <j Melbourne church, wa.e wont to go there too, just to be in the same place of worship as she was. These girls clubbed together just before Miss Brune left Melbourne and presented her, without any fuss or self advertisement, with a prayer book.

The "Mother Goose" company had a grand " washing day " recently in Melbourne —not oi' themselves, but of their wardrobes, so that the " duds " might be in good order for their Australasian tour. It was a huge contract to put the clothes of something like 150 pt ople through the tvb —quite a pantomime in itself. * . « •

Miss Mario Hall mad:, her first appearance in Sydney on June 15, and the recognition oi her genius, according to local critiques, was spontaneous and demonstrative. r • • •

Mr Tom Pollard's no.v juvenile opera company will opon in Christchurch next August with " Blue Bell in Fairyland," a dream play by Seymour Hicks and Walter Slaughter, with lyrics b.v Aubrey Howard. In addition tc " Blue Bell," Mr Pollard has secured some * American musical coir.*'dies.