THE MINING MARKET

New Zealand Herald, Volume LXXII, Issue 22131, 10 June 1935, Page 5

THE MINING MARKET

WAIHIS AGAIN LOWER HOLDERS DOWN TO 37s 3d Waihis were again weaker on the Auckland Stock Exchange on Saturday, when dealing took place at 37s 3d, a fall of 6d. Holders weakened by Is to the same figure, but buyers were 3d firmer at 375. Closing quotations were:— Buyers Sellers £sd £ a d Alexander (15s paid) 0 15 0 Bis River . . .. 0 22 0 2 6 Blackwater .. .. 110 0 Brian Boru . . .. 0 0 1 0 0 3 Gillespie's Beach .. 0 14 0 17 Golconda . ; . • 0 0 3 Golconda Holdings .. 0 19 Golden Dawn ..021 Goldfields Dredg. .. 0 0 2 0 0 5 Kins Solomon .. 0 3 8 0 4 1 Komata Beefs . . 0 5 3 0 6 0 Mahakipawa .. . . 0 0 8 0 0 9! Ditto (pref., 1930) 0 1 3 Maori Gully . . 0 18 Mataki Gold Dredg. 0 15 0 18 N.Z. Crown Mines.. 0 2." 6 Q 3 6 Okarito .. • • 0 6 0 Skippers . . .. 0 0 2 0 0 3 Talisinjan Dubbo .. 010 6 011 6 Wailii . ■ .. 117 0 117 3 TVaihi Grand June... 0 4 0 0 4 5 Kua'ia Kampar 0 11 6 Mount Lyell .. .. 019 10 10 0 Mount Morgan .. 115 9 116 6 Placer Development.. 27 15 0 2S 15 0 SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Return on Sale Price Investment £gd £ s d •Waihi 1 17 3 6 12 6 CHRISTCHURCH EXCHANGE lit. Lyell .. ..100

Also: Big River, 2s 3id; Golden Point Id; ilaori Gully, Is 7d; Bawang Tin, 7s 2d

PRICES OF METALS SHARP DROP IN TIN (Received June 9, 5.5 p.m.) LOXB'OX, June 8 Following were .yesterday's quotations on the London metal market, compared •with those of June 6: — June 7 June G Per ton Per ton £sd £ s d Copper, atan., spot .. 31 13 9 32 4 4} Copper, stan., 3 mos. 32 0 7} 32 11 10£ Copper, electrolytic .. 35 0 0 35 15 0 to to 35 10 0 36 5 0 Copper, elect., wire bars 35 10 0 36 5 0 Lead, soft, spot . . 13 15 0 13 18 9 Lead, soft, forward .. 13 13 9 13 18 9 Speller, spot . . 13 11 3 13 13 9 Spelter, forward 13 17 6 14 0 0 Tin, sfan., spot . . 223 5 0 226 0 0 Tin, atan., 3 mos. . . 218 1 3 220 12 6

Quotations for other metals, with last week's prices in parentheses, are: —Pig iron: Home trade, £3 7s 6d (£3 is 6d); export, £3 2s 6d (£3 2s 6d). Antimony: British, £76 10s (£76 10s); foreign, £47 5s (£49 10s). Molybdenite, £1 14s 6d (£1 14s 6d) a unit. Wolfram, £1 10s 9d (£1 10s) a unit.

HEMP AND TOW GRADINGS IN DOMINION Gradings of hemp at New Zealand ports during May totalled 1928 hales, an increase of 15 hales over the total for May, WM. The totals for the various* ports were: —Auckland, 556 bales; Wellington, 950; Picton, 51; Blen'Jieim, 24; Bluff, 344. irrndings compare with those of May, ]!):{), a S follows: —Good fair, 293 (196) bales; high fair, 530 (7m-, low fair 528 (426); common, 304 (310); rejected and condemned, 273 (242). Tow gradings totalled 390 hales, against 224 bales in May last year, the totals for the ports being as follows: Auckland, 139 bales; Wellington, 6/; Picton, 17; Bluff, 172. Altogether 24 bales of stripper slips, against 11 bales in Mav, 1934, were graded.

LONDON APPLE MARKET

(Received Jure 9, 5.5 p.m.)

LONDON, June 8

Quotations for apples are:—New Zealand: Delicious, 10s 3d to lis 3d; Dougherty, 10s 6d to lis 3d; Sturmers, 10s 6d to lis 6d; Granny Smith, lis to 13s. Australian: Sturmers, 8s 3d to 10s M; Granny Smith, 9s to 12s.

BRITISH TREASURY BILLS (Received June 9, 5.5 p.m.) British Wireless RUGBY, June 8 The amount applied for this week in tenders for £40,000,000 worth of Treasury bills was £'46.830,000. The maximum amount was allotted in bills at three months. The average rate per cent was lis 2.49 d ;, compared with 10s 0.7 d a vreek ago.