Gold Shares Jump.
p. 45 · Read in the full issue
Big Demand for N.G.G. Ltd.
TOWARDS the end of August, as a result of a sharp rise of 3/2 to £6/9/4 in the London price of gold, shares in the main New Guinea gold concerns were in strong demand on the Sydney Stock Exchange.
For some time, the London market had been devoting considerable atten tion to N.G. mining companies’ shares and under stimulus from the advance in price in gold all N.G. mining shares rose. On August 28, Bulolo Gold Dredging, Placer Development and N.G. Goldfields, Ltd. showed marked
gains and record high prices were reached. On that date, the turnover of New Guinea Goldfield, Ltd., shares reached 12,000 shares.
Prices luling on August 28 were; Bulolo Gold Dredging, buying £4/15/-, selling £4/15/6; Placer Development, buying £14/5/-, selling £14/10/-; N.G.
Goldfields, buying- 9/2, selling 9/3.
Mr. J. Adkins, teller of the Apia branch of the Bank of New Zealand, left by last “Maui Pomare” after the com pletion of his term of engagement. Mr.
Adkins was a very popular member of the younger circle of Apia, and was well liked for his ever-courteous and cheerful ways.