THE MINING MARKET

New Zealand Herald, Volume LXXV, Issue 23150, 23 September 1938, Page 7

THE MINING MARKET

DROP IN LOLOMAS FLUCTUATIONS IN METALS Metals opened weaker in the mining market on tho Auckland Stock Exchange yesterday. Broken Hill South showed a rise of Is Id sinco last week. Lolomas lost the ground recently gained in a sale which showed a decline of Is 4id- Gold shares were steady. Closing quotations wcro:— Buyers Sollors £Bd £ 8 d Alexander (con.) . - 0 0 0 Argo .. . • 0 18 0 111 Big River .. 0 1 8 Blackwater .. i i „ Clutha .. 0 10 0 2 fl Con. Ooldfields .. 0 11 0 Gillespie's Beach . 0 1 1 Golden Crown .. ■— 0 3 0 Golden Dawn .. 0 2 0 Ooldfields Dredg. .0 0 1 0 0 3 Now Rivor .. 0 0 5 Martha .. .. 010 7 Oil 0 Talisman Dubbo .. 0 7 0 Wnllii Invest. .. 0 8 3 0 8 7 Waihi Grand .Tunc. 0 2 8 0 3 0 Australia and FIJI — Broken Hill South 10 3 1 10 3 Emperor .. .. 012 0 013 0 Loloma .. .. 13 3. 13 0 Mount Kasi .. 0 4 0 0 5 0 Mount Lyell .. 10 0 17 3 Mt. Morgan (ord.) 0 10 0 0 11 0 North Broken Hill 2 5 0 2 0 0 Rawang .. .. 0 8 0 0 8 3 YESTERDAY'S BUSINESS Following is a list of yesterday's transactions in mining shares on New Zealand Stock Exchanges:— AUCKLAND EXCHANGE Broken Hill South, 20s Od; Loloma, 23s CM,d; Mount Morgan (pref.), 20s Od. CHRISTCHURCH EXCHANGE Gillespie's Beach, ll'/ad; Maori Gully, Od Broken Hill South, 20s lid (2); Mount Lyell. '-i7s 2d C2), 'MIh lid; North Broken 11111, 40s (2); Wellington Ailuvials, 5s 2d. DUNEDIN EXCHANGE Mount Mou?an (pref.), 20s Od, 21s; North Broken Hill, 40s. BRITISH WAR LOAN British Wireless RUGBY, Sept. 21 War Loan, 3J per cent, is quoted at £IOO 10s, compared with £IOO 15s yesterday. CLAYTON, ARNOLD PROFIT A net profit of £llß2, against £Ol7 in tho previous year, is shown in the accounts of Clayton Arnold and Company, Limited, finance company, Auckland, for the year ended .August ai. Tho dividends recommended for tho year are 0 per cent oil preference shares, unchanged,' and 7 per cent, against li per cent, on ordinary •shares. A sum of £SO is to he placed to reserve and £193 is to be written off preliminary expenses, which stand al £i;m PROPERTY AUCTIONS C. F. Bennett, Limited, will offer al auction at its rooms at tho corner of Queen and Shortland fcjtreets at noon to-day, 20 business sites for leasing on tho sito of the old railway workshops at Newmarket.