OUR MINING PROPHET

New Zealand Illustrated Sporting & Dramatic Review, Volume VII, Issue 347, 18 March 1897, Page 12

OUR MINING PROPHET

Business on ’Chango during the week has been very quiet, and prices remain pretty much as they were when last I wrote. In a number of the mines the directors have experienced considerable difficulty in getting in the calls, investors preferring to consider the first loss as the best loss. As a consequence, an unusual large number of shares have been sacrificed at auction. The gold returns for the month are on an average much better than for the preceding period. A better tone appears to be setting in on the London market, which, if it continues, is bound to improve things locally. Comstock. —The Anglo-Continental Company has relinquished the option of the Comstock property, and shares have in consequence suffered a decline. The same syndicate still holds an option over the Broken Hill property, which so far as I can hear, is likely to end in the same manner as the Comstock. No doubt a fiesh option over both propertieswill shortly be taken. New Alburnia. —Considerable business has been done in this stock at 4s 6d to 4s 9d, at which prices I would strongly advise buying Nonpariel.—Of the Thames stocks Nonpariels are likely to he the first to move, the prospects of the mine being very bright at the present time.

Kuranui Caledonian. —A good, investment at ss.

Kakaka Queen. —Sales during the week at 3d and 3td. A rise is predicted by those in the know. Personally Ido not fancy the stock. Four-in-Hand.—-Shares remain steady at 2s and 2s Id, after payment of 3d dividend. Bunker’s Hill. —A fair amount of business has been done at 3s 6d and 3s Bd. In the event of a further fall, I would counsel my readers to buv a few.

Royal.—Buyers at Is, but sellers ask for Is 4d, which they "will get by waiting a little. Kaiser. —The parcels of ore treated at the School of Mines, Thames, and also at Messrs Fraser and Sons, Stanley Street, averaged about £8 per ton, which is considered very.satisfactory.

Monowai. —The low price at which these shares are offered incline to the fact that the process of treating the ore is hardly a success. Shares were offered as low as 3s 6d during the past week. New Zealand Crown Mines.—The return for the month of February, from 1161 tons ore, was valued at £2873.

New Whau. —Buyers offer 7d, at which price they should be worth a shot. Waihi Pinnacles. —I always looked upon this property, in common with many others, as being of little value. This week no less than 120,000 shares were auctioned, and for the most part, did not realise more than from Is to 2s 6d per thousand. Welcome Find.—Plenty of buyers at 2s 3d, but no sellers at that figure. Aotea. —If you can sell at a fair profit do so. Talisman Extended.—Buy at anything under Is. The property adjoins the New Zealand Talisman, and its prospects are highly thought of by those most competent to judge. Rising Sun and Stanley.—Of the Upper Thames stocks the two mentioned are worth holding at the present prices. Waihi South and Waihi Welcome. —Both these stocks have hardened in price during the week, and are likely to further improve. Both properties are well situated.