Sharemarket

New Guinea Gold

Restricted Business During the Month

LIMITED sales have been recorded during the past month on the Sid ney Stock Exchange for shares in New Guinea Gold companies. Placer De velopment received most attention, and strengthened from 41/6 to about 42 d).

Although satisfactory reports con tinue to be issued by New Guinea Gold fields Ltd., the shares have shown little movement. Sales have been recorded at from 4/10 down to 4/6. The com pany is putting in solid developmental work, but as the productive stage will not be reached for some time, the shares are standing at what is virtually a nominal level.

Of the smaller enterprises, Mt. Sisa and Sloanes have received most at tention.

The following table shows the New Guinea comnanies listed on the Sydney Stock Exchange, and the price of shares as on August 13:

Price.

August

13.

Authorized Shares Issued

Company

Capital

Number Amount Paid up Buyer Seller £ £ s. d. £ S. d. : s. d. £ s. d.

Akmana New Guinea, N.L pd. 30.000 140,000 0 1 0 0 i 0 Akmana New Guinea, N.L. ...

ctg.

360,000 0 1 0 0 0 6 0 0 1 »/ a Bulolo, N.L ctg. 25,000 150,000 0 2 0 0 0 6 Guinea Gold. N.L £0,000 50,000 1 0 0 1 0 0 .

Mt. Kaindi, N.L pd. 50,000 90,000 0 4 0 0 4 0 Mt. Kaindi. N.L ctg. 160,000 0 4 0 0 0 10V 2 0 0 6 0 0 8 Mt. Lawson (N.G.), N.L pd. 17,500 18,000 0 2 6 0 2 6 — Mt. Lawson (N.G.), N.L ctg. 102,000 0 2 6 0 2 3 Mt. Lawson Blks. (N.G.), N.L. pd. 48,000 80.000 0 4 0 0 4 0 — .

Mt. Lawson Blks. (N.G.i. N.L ctg. 140,000 0 4 0 0 1 0 0 0 2 0 0 5 Mt. Lawson Extended, N.L. . . pd. 48,000 80,000 0 4 0 0 4 0 0 0 8 0 0 10 Mt. Lawson Extended. N.L. . ctg. 140,000 0 4 0 0 1 0 0 0 5 0 0 7 Mt. Slsa, N.L pd. 70,000 120,000 0 4 0 0 4 0 —• —.

Mt. Sisa, N.L ctg. 190.000 0 4 0 0 1 3 0 0 9 0 0 10 New G. Development, N.L pd. 40,000 110,000 0 1 0 0 1 0 — — New G. Development, N.L

ctg.

510.000 0 1 0 0 0 9 — — N.G. Gold Deposits, N.L pd. 20,000 20,000 0 2 6 0 2 6 — — N.G. Gold Deposits, N.L ctg. 100,000 0 2 6 0 1 7 — —.

N.G. Gold & Osmirldium, N.L. 10,000 80,000 0 2 6 0 2 6 — — New Guinea Options. N.L pd. 50,000 50.000 0 2 0 0 2 0 — New Guinea OpV'ons, N.L ctg. 279,000 0 2 0 0 0 6 — —.

North East New G., N.L pd. 50,000 90,000 0 4 0 0 4 0 0 0 6 — North East New G., N.L ctcr. 140,000 0 4 0 0 0 10 '4 0 0 3 0 0 6 Oba River (Papua), N.L pd. 25,000 40,000 0 2 6 0 2 6 — Oba River (Papua), NL

ctg.

140,000 0 2 6 0 1 0 Oriomo Explorations Ltd 12,000 48,000 0 5 0 0 5 0 Papuan Gold Areas, N L pd. 18,750 40,000 0 2 6 0 2 6 — Papuan Gold Areas, N L ctg. 100,000 0 2 6 0 0 10 —.

Placer Development Ltd.* $500.00 44,515 $5.00 $5.00 2 2 9 2 3 0 Sloane’s Npw Guinea, N.L pd. 25,000 25,000 0 2 0 0 2 0 — Sloane’s New Guinea. N.L ctg. 200.000 0 2 0 0 2 6 0 0 4 0 0 6 Solomon Islands Gold, N.L. ..

DCl. 25,000 20,000 0 2 6 0 2 6 — Solomon Islands Gold, N.L. .

Ctg.

120,000 0 2 6 0 0 10 — — » In addition there are 25,485 contributing 5 dollar shares paid to 3'/ 2 dollars which are not quoted on the Stock Exchange.