New Guinea Gold
p. 15 · Read in the full issue
Sharemarket
Limited Trading
There has been limited trading during the month for shares in New Guinea and Papuan gold companies listed on the Sydney Stock Exchange.
Placer Development Ltd., which a month ago were quoted at buyer 88/6, seller 90/-, have remained firm and on July 10 the quota tion for these shares was, buyer 88/-, seller 91/-. Placer’s subsidiary, Bulolo Gold Dredging Ltd. —is making very satisfactory progress, and the erection of the first dredge has already commenced.
The shares of New Guinea Goldfieds, which are not listed on the Stock Exchange, strength ened 4d. compared with last month. A sale was recorded at 5/2 and the shares were quoted, buyer 5/2, seller 5/3.
Of the smaller companies, Oriomo Explora tions Ltd. have been most active. The shares have advanced steadily during the month and on July 10 were quoted at 3/6. This com pany, which originally carried out a good deal of prospecting work in Papua, has now secured interests in Queensland.
Other shares were quoted on July 10 as follows: Guinea Gold, seller 39/-, New Guinea Developments, buyer /0½d., seller /1d. New Guinea Gold and Osmiridium, seller /10d Sloanes, ctg., seller /3d., Sloanes, pd., seller /6d.