Sagging Tendency in New
p. 69 · Read in the full issue
Guinea Goldfields Shares
SINCE the recent annual meeting of New Guinea Goldfields Ltd. (when the first dividend for 13 years was announced, and an in dication given that further dividends might be expected) the market quotations for NGG shares have shown a sagging tendency and sales have been reported at 1/11.
This is surprising. Even if future dividends do not exceed 3d per share, 3d per share is 12i per cent, per annum on 2/-. The Co. is maintaining its revenues from its main enterprises—Golden Ridges mill and timber-cutting—in fact, timber production continues steadily to increase.
t There is an airmail from Aus tralia to Fiji every week-day, except Tuesday, and an Australian-bound airmail closes at Suva every week day, except Monday. There are four airmails every week from Fiji to NZ and three from NZ to Fiji
Ridges Mill Ore treated, tons Oz gold per ton Dec. 3,461 .34 Jan. 3,670 .27 Feb. 3,340 .32 Ounces ret’d. of— Gold Silver 1,048 1,425 1,075 1,234 942 1,158 From Alluvials— Oz fine 57 39 From Koranga— Oz fine 856 108 Timber, su. ft. 123,177 158.180 201,259