MINING- SHARE MARKET

Cromwell Argus, Volume III, Issue 149, 17 September 1872, Page 5

MINING- SHARE MARKET

Mr William Mac Nab, sharebroker, reports for week ending 10th inst. : The market has for the past week shown renewed symptoms of vitality, owing partly to the fact that buyers have conceded slightlv to sellers, and that the results are to hand of the crushings of the Elizabeth, Heart of Oak, and Cromwell Companies. Tnese results go far to prove to investors the gold-producing qualities of the Cromwell district quartz-reefs. For Star of the East scrip, 1 have had inquiry at L.5, but as there is only a limited quantity of this scrip in the market, holders demand L.5 10s. ; although I have quitted a parcel this week under that price.

Heart of Oak. —The result of last crushing —267 ozs gold from 212 tons stuff—together with the fact of a dividend of 11 s. per scrip being declared, will raise the price of this scrip very considerably. In the beginning of the week, I bought on very favourable terms. However, at present I am without either buying or selling commissions. Elizabeths, I quote at L.3 to L.3 55., the former price having been got previously to the crushing (the amount of which was 71 ozs 5 dwts) ; and as reported previously, the scrip will rise in favour.

Nil Desporandum and Robert Burns scrip are at present at a nominal value. Of the former I have a small parcel I can part with at 255., but expect them to be withdrawn at any time ; and the same remark will apply to the latter, which I now quote at Bs. The Cromwell Q.M. Company washed up during the past week, with satisfactory results, I believe ; but being a private company, they keep their returns secret. The Aurora tributers started crushing during the past week, and from the prospects they have got, expect a very payable washing up ; and from the size of their reef (2ft Gin wide), they are in hopes they will be able to keep the live head of stamps constantly going.

In water race shares buyers have not met | sellers so freely as in quartz transactions. ' However, I have succeeded iu placing Scanj dinaviaus at a favourable figure ; but with this exception, quotations are firm as before, —viz., Scandinavians, L.50; Hit or Miss, L. 15.

The latest Dunedin ({notations are to 4.45 yesterday afternoon :—Star of the Easts, L.5 i 10s. ; Heart of Oaks, buyers at L.5 10s., no j sellers; Elizabeths, L.3 to L.3 os.; Nil Desporaudums, L. 1 ss. Sales—Stars, L.5 10s.; | Hearts, L.5 10s. and £5; Elizabeths, L.3 j 2s. 6d.