MINING SHARE MARKET.

Cromwell Argus, Volume III, Issue 150, 24 September 1872, Page 5

MINING SHARE MARKET.

Mr William' Mac Nab, sharebroker, reports for week ending 23rd inst. : The market since my last has continued to improve in firmness. Sellei-s ai*e gradually increasing their demands for higher prices ; and buyers have had to concede to them in some measure. Star of the Easts are at my previous quotation, viz., Tj.s 10s., at which price sales have been effected ; and although I have this day enquiries at L.5, sellers will not accept. Hearts also have risen considerably in fa vour with Dunedin investors, and should the next crushing'prove as payable as the last, they will without doubt rise still higher in the estimation of buyers. Sales have been effected this past week at 110s. and 120s. I now quote 130s. Elizabeths, too, are looked upon with greater favour than heretofore, and from the high opinion held by local shareholders regarding the claim, and its improving appearance, this scrip is certain to rise still higher in value. I quote L.3 2s. 6d. and L.3 55., the former price having obtained during this week. Nil Dwsnerandum.—Th's company, having now their machinery on the ground, expect shortly to start crushing, and have a large quantity of stone at grass for that purpose. Ohere is therefore ground for the hope that thiir scrip will som fetch a price nearer the nominal value. Further ground for this belief is to be found in the fact that the Directorate have put on the full complement of hands for the season, —a guarantee that work will be vigorously prosecuted. Robert Burns. —Tlvs claim is av.i'ting the erection of Mr Logan's battery, to crush the stone they have at grass ; and if the result be nearly 30 favourable as is anticipated, the scrip wi'l sustain a considerable ris i. Present prices, Bs. Golden Gate.—l have Tor sale one-sixth share in this lease, at L.60. In water shares I hive nothing fresh to report : quotations as before. Mr Colclough reports : Business has been very limited in the sha-o market during the pr.it fortnight, in consequence of holders generally shoeing unwillingness to submit to lower rates. Klizv'v'th share-, have imn»oved in value, holders demanding 055., while Imvers are o.Teriug yJs. Stir of the East are apparently n >t o ">tainible in this market. Prices qu >txl, £5 to So ss. Heart of Oik share? continue in favour, an 1 command the highest figures -J7 1 Os. to L.B ; but sellers are not numerous. Nil Dcsperanduin.— I report sale-* at 50s. ; and as the mine is now being vigorously worked, and machinery being erected, shares should continue firm. Robert Burns I quote at. 7'.. This scrip is being overlooked, for it nvts ! be remembered the claim adjoins the Nil Desperanduui, and that it actually surpassed the later at the t trial crushing. Royal Standards T quote at 70s.j—a pride I below the cost oi ona of the company's batteries. I The John Bull (unregistered) continues in j high favour, in anticip ition of a.la"ge crushing when Mr Logan's new battery is finished. Colleen Bawns have not, to my 1 been yet placed in the market. This fact i favours the inference that the claim looks I well.