WAIHI GOLD MINE.

Te Aroha News, Volume XI, Issue 1719, 9 March 1895, Page 2

WAIHI GOLD MINE.

The appreciation of Waihi gold sharer from 12- to 7 7-16, which took place daring the second half of the bygone year, says a London correspondent, was certainly one of the prominent features of the 1894 mining market. The improvement, commence 1 soon after the arrival Home of "Mr Thomas Russell, and doubtless that manysided colonist had a good deal to do with the rise in the value of Waihi shares. The directors,of the Company now propose to increase the capital of the concern to £l6o,oooby the creation of 10,000 £l. shares. These will be first offered to existing shareholders in the proportion of one shai-e for every 15 held, *• at such price, not being less than par, and generally upon such terms and conditions as the directors may determine.’ The actual price to be paid for each share has not yet been made public ; but it is not likely that the shareholders will be able to obtain them at par or anywhere,near thereto. A fall to 6£ took place on Wednesday, January 22, but the shares have rallied to 7 and “no sellers.” Indeed, all along the shares have been very closely held, and it is not unlikely that a quotation up to 10 may he chronicled during the cun-ent quarterin spite of the small increase of capital.