THE MINING MARKET

New Zealand Herald, Volume LXXI, Issue 21859, 23 July 1934, Page 5

THE MINING MARKET

BUSINESS IN WAIHIS MOUNT LYELLS RECOVER The renewed interest in Wailii mining shares was maintained on the Auckland Stock Exchange on Saturday. Buyers raised their offers to 32s 6d, but eventually secured supplies ljd cheaper at. 32s 4J-d after sellers had quoted as high as 335. The volume of mining business was not large. Mount Lyells, for which tho market is stronger as a result of the resumption of activities at tho mine, had sale 7d better at 21s 7d. Matakis, which changed hands at 2s 2Jd, were id down. Buyers Sellers £ad £ s d Alexander (13s Gd pd.) old 3 015 3 Bell-Hooper . . . . 0 0 7 Bcll-Kilsour .. .. 0 0 4 0 0 6 Bis River . . . . 0 010 0 1 1 Brian Born . . . . 0 10 0 18 Gillespie's Beach . . 0 1 9 0 2 0 Golconda (lOd paid) . 0 0 !i t 0 0 3 Goldei"i Dawn . . 0 19 0 2 0 Crolden Point ..001 Goldfields Dredging .0 0 7 0 0 10 Kins? Solomon . . 0 311 0 4 0 Komala Reefs . . 0 0 0 0 7 0 Maerewhenua . . . 0 0 5 0 0 8j Mahakipiuva . . . . 0 011 Ditto (192!). pref.) 0 10 Mataki Cold Dredfr. 0 22 0 2 3 Mining House Concessions (Od paid) . 0 0 < Moonlight Creek . . 0 0 fi 0 0 8 ~S.7j. Crown Mines . 0' 2 9 0 3 9 Nokomai . . . ..0211 -- Oknrifo 0 8 0 0 8 0 Skippei'u . ■ • • 0 0 7.j 0•0 . , Talisman Dubbo . . 011 (> 0 M Waihi .1 12 (i 1 13 0 "Waihi Grand June. . 0 1 2 0 <1 4 Stafford Sluicing . . n ' r ' Kuala Kampar . . 010 8 017 0 Mount Lyell .. .. 1 ' > 1 ' " Rawang 0 8 10 0 9 3 SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Return nn Sale Price Investment £fd £ s d Waihi 1 12 4'i (i 3 7 Blount Lyell . . . . 117 12 6 4 Also: Mataki, 2s 2}d. CHRISTCHURCH EXCHANGE Mount Lyell . . . . 1 1 3 +2 0 2> Also- Big River, Is Id; Charleston. Is 3d (2); Glcniroy, Is 2d (2), Is 3id; Nokoinai. 33 3d (5); Skippers, 8d (2). WELLINGTON EXCHANGE Waihi .. .. .. 112 0 6 5 0 DUNEDIN EXCHANGE Nokomai, 3a 4d. {lnterim dividend passed. FOREIGN EXCHANGES MINOR FLUCTUATIONS (Received July 22. 6.5 p.m.) British Wireless RUGBY. July 21 Tho following rates on foreign exchanges were current yesterday, compared with the cabled quotations} on July' 19 and par: July 20 July IS} Tar. Montreal, dol. .. 4.97% •New; York, dol. . 5-04/4 5.04/ 3 4.Bb(> Paris, fr. .- tU/j 70/ i« 1-4.*.1 Brussels, belga .. 2LG2% 21.G2'/ a 35.00 Geneva, fr. .. IaATA in'Tn Amsterdam, fl. .. 7.45/ a in']? Milan, lire .. 58'Yio 68 2Z-32 02.4b Berlin r.m. .. .12.95/ a 12.8//a ..0.43 Stockholm kr. .. 19.39% 19.39/, 18.159 Copenhagen, kr. . 22.39 4 22.39% . 18.159 Oslo. kr. .. 10.89% 19.90% 18.159 Vienna, sell. .. 27 27 M.oßo Pratrue. kr. .. 121% 121/ a 1(>4.20 Ilelsingforß, mark 22ti'/ 4 226% Madfid, pea. .. 30% 30/n Lisbon, escu. .. HO'/a 110/s HO Athens, dr. .. 525* 525* 370.00 Bucharest, lei. .. 503 oOj) fIW Rio de Janeiro, mil. 4Ad i'-J'rJol Buenos A ircß, dol, 30 Ar] 3<> ?d 47 019 d Montevideo, dol. 08% d' .38/ nd* 51(1 Bombay, runee .. 18 3-Old 18 3-Md 18d Shanghai, dol .. HW.d IfVVUd - IToncrkonEr, dol. . l'/;d , i Yokohama, yen . 31 i " I Bntavia, fl. .. 7.43 7.43 12 10 Pplorade. din. .. 221 221 270 31 Warsaw? zloty .. - 20.02 43.33 •Sellers. (Received July 22. 5.5 p.m.) LONDON, July 21 On the foreign exchange market today the following quotations ryled:— New York, 5.04 7-16 dollars; Paris. 76 9-16 francs; Batavia, 7.44 florins, NEW ZEALAND MONEY ABROAD Current dollar exchanges, as quoted bv the New Zealand banks, are as under. Buying Selling United States . , 5.13 4.93 Canada • • ■ • 5.03 4.83 The cost in New Zealand currency of the pound sterling and of the principal foreign units, on tho latest quotations, is as follows. present Price Pnr^ Australia, pound . .. 20 0.00 20 0.00 London, pound .. .. 24 11.58 2 0 0.(1 New York, do lar . ■> 0.59 4 1.31 Montreal, dollar . ..5 1.41 4 .31 franc • • • • 3.92 , 0 1.0?» ; Berlin, mark .. •• j lj-13 0 11.74 j C'onenhiicen, krono . . 1.38 1 !•" Yokohama, yen . ..1 5.79 2 0.,,8 These valuations represent tho current values at which the banks sell drafts payable on demand. CUSTOMS EXCHANGE RATES Hates of exchange ruling at the announced dates of departure of tho vessels named are shown in the following table. They- are subject to confirmation by tho Customs Department when the exact time of departure is learned on arrival of the vessels in New Zealand, finally declared rates being marked*: — Tapti, America, dollars . 5.043 Golden Coast. America, dollars . 6.0111 Canadian Highlander, Canada, dol. 4.99 Brisbane Mam. Japan, yen .. .. 14 7 Ha urnki. Caimdi. dollars .. .. W Beubobn. America., dollars . . . . b.Orfj Aorangi, Canada, dollars • • »• 4.98 i