OUR MINING PROPHET

New Zealand Illustrated Sporting & Dramatic Review, Volume VII, Issue 337, 7 January 1897, Page 10

OUR MINING PROPHET

The Stock Exchange opened after the Christmas vacation on Taesday last to much better business thas been experienced during the last three months. Numerous stocks were in demand at an advanced price, and at the time of writing there is every prospect of the market still further immproving. Bunker’s Hills have advanced from 3s 6d to ss, and there has been a corresponding rise in Hauraki North, Four-in-Hand, and other small stocks. In the Thames list May Queens have improved, sales taking place as high as Ils 6d. Tararua Creek, Moanatairi, and Alburnia have also been exchanged at advanced prices. Four-IN-Hand. —As anticipated by me some few weeks back, this stock has considerably advanced. The directors have shown an independench of action in dealing with the syndicate that holds the option, for which they should be commended by shareholders. The property is known to be a good one, and should not be given away. Cuirassier. —A cheap stock, and well worth buying at 6d. Hauraki North. —Of the Coromandel stocks the Hauraki North is one of the best to buy. The mine just now is looking splendid. Coromandel Freehold Proprietry.—The flotation of this property is proceeding favourably at Home. Opinions differ as to the merits of this property, but I do not think one can go far wrong in buying at present prices. New Alburnia. —I have on previous occasions advised my readers to buy this stock, and I am still of that opinion. The' present, should be a prosperous year for the Alburnia Company. Comstock and Broken Hill. —he option for the sale of the above properties falls due next month. The terms provide for a considerable amount of oash, and shares are dirt cheap at present quotations. Flower op Waiiii. —Not much chance of it living through the dry season. Waihi Pinnacles. —1 have at different times advised my readers to sell this stock, and my advice, judging by the balance-sheet just presented, was well founded. Hie floation money has been spent, and a sum of £2,000 is now wanted for further developments. The Company has the largest number of shares of any in Auckland, which ’should provide ample material for calls. The property is, I think, none of the best. Mountain Flower. —No signs of life. Royal Sovereign.—Good in name only. Sterling. — One of the cheap stocks worth watching. A few pounds put into these, as well as Stanley shares, should reward one well. Ivanhoe. —Always worth ninepence. Imperial.—There are not many better investments on the market, and at Is 6d these shares are well worth buying. Talisman. —High enough at present. Kapai Vermont. —Wait patiently and you will be rewarded. Lorna Doone. —One of the cheapest of the Kennedy Bay stocks, but by no means the worst. Buy at 3d or under. Morning Star. —A long time showing itself. Bay View. —Not much likelihood of shares going any lower. Tararua Creek. —At 5s 6d these shares are worth securing, for double the money won’t buy them before the end of the year. Zone. —No buyers. Royal Shield. —A cheap shot at Bd. The property is well situated and favourably spoken of by experts. Great Barrier G. & S.—Considerable business in this stock from 3s 6d to 4s. Be wise in time and sell it at a profit. Warp oe Tara. —Not much in demand. A fresh option might move the shares. Zealandia. —A good investment at Is Id. Now is the time to buy. Invicta North. —Too low to quote. It will soon be difficult to give the shares away. Hercules. —The best price offered in 6d, which is far below the legitimate value of the stock. Bunker’s Hill. —The rise in these shares, which I anticipated, has already taken place. Don’t be in a hurry to sell, for this stock will see a much better price. Waitekauri United. —Seven shillings and sixpence is hardly a fair price for these shares. Welcome Find. —A considerable amount of work has been done upon this property of late, and we should shortly hear of something good. Waitekauri South. —Buy at anything under Bd. Maoriland. —Shares very steady in price. The new issue has been allotted. At the figure this is, I think, a very fair investment. Ajax.—One of the best of the Kuaotuna lowpriced stocks. La Mascotte. —Not worth paying the calls on. Maori Dream. —At present quotations Maori Dream shares should be worth securing. The property is a good one and only requires a little more developing to bring dividends. Monowai, —There have been exchanges in this stock at 4s 9d and ss, but much better prices will shortly be obtained. Victoria. —The steady returns from this mine warrant a better price for shares. The latest sales were at 3s and 3s Id.