MINING SENSATION

Evening Star, Issue 21752, 21 June 1934, Page 9

MINING SENSATION

TULLAMORE GOLD SHARES SHARE QUOTATIONS SUSPENDED Press Association—By Telegraph—Copyright SYDNEY, June 20. As a climax to the recent boom in gold mining shares on the Sydney Stock Exchange, a sensation occurred to-day when the chairman (Mr F. Steel), at the request of the directors of Tullamore Gold Development No Liability, informed members at the first call that it had been decided to suspend quotations for Tullamore shares until Friday, which would give the public an opportunity of considering the position, while transactions after Friday would be for cash only. Mr Steel further stated that the directors had requested the police to make investigations, which were now going on. The Government geologist’s report, issued by the Mines Department, was read at the first call. This disclosed the results of assays for the latter part of May and as recently as last week from tho Tullamore mines, which are situated 336 miles north-west of Sydney. The gold yields from thirty-four and thirty-two samples respectively ranged about 2dwt to 6gr per ton. Tullamore contributing shares were recently the medium of heavy dealings, but yesterday they fell to 9s Gd from 1 33s Gd a month ago.