COMMERCE AND MINING

New Zealand Times, Volume XLIX, Issue 11254, 5 July 1922, Page 10

COMMERCE AND MINING

THE STOCK EXCHANGE MARKET BRIGHTENS UP. ONE SALE REPORTED. Yesterday's call on ’Change shoved the market to have brightened up considerably. Inscribed Stock, matin ing in J 939. was in demand at 493 12s fid. while ’33 showed an increase of ss. *3S was at 15s. War bonds (1933) showed an increase of 2s 6d, but '39 remained as recently. P.O. Stock (1112*) was at 491 I<*s. Sailors wore asking 5s more than on Monday for Inscribed Stock iI93S) and Is more for Unions. One gale wa«s reported. WELLINGTON EXCHANGE. TUESDAY'S QUOTATIONS. (3.15 p.m. Call.) Buyer# Sellers.

Reported sale.—War Bonds, 1939, 494, SALES IN OTHER CENTRES. TEE PRESS ASSOCIATION. AUCKLAND. July 4. Sales on ’Change .—Waihi, 31s 9d to 83b. Reported sales :—Colonial Sugar I (Australian). 432 10s, War Loan, 1338, 494; Grand Junction, 9s 4d. Sales: — Soldiers’ Inscribed Stock, 498; Bank of New Zealand, 53b; Union Bank. .£l3; New Zealand Insurance, 29s 9d; South British Insurance. 38s fid : Hikurangi Coal, 10s 6d; Northern Steam, 13s; Moscriel Woollen, 46 10s; Waihi, 325, 319 fid, 31s 3d; Grand Junction, 9s 2d, 9s Id. 9b. DUNEDIN. July 4. Sales reported; Union Bank, .£l2 10a. Sales on ’Change: Kaiapoi Woollen (iOg paid) 12s 3d; Waihi Grand Junction, 9s, 9s Id. Sales reported :—Union Bank, JCI2 19s; Moegiel Woollen, .£6 10b (two sales). WHEAT CARGOES. Australian and N.Z. Cable Association. LONDON, July 3. Wheat cargoes are steady at late rates. Buyers are holding off ©winy to heavy shipments. Sales: —Queen Margaret and Havo Mara. 535; Skagern, 52s 9d; par* cels are firm. (Received July 4, 10.45 p.m.) London; July 4. Wheat is quiet. Cargoes are threepence to sixpence higher. Parcels are unchanged, and there is small business doing. WHEAT AND FLOUR. PRICES REDUCED IN WEST AUSTRALIA. By Telegraph. —Press Assn.—Copyright. PERTH, July 4. The price wheat has been reduced from 5s lid to 5s 7d per bushel, and that of flour from .£l3 to -812 5$ per ton. Bran and nollard have been increased from 088 to 49 ss. BRADFORD WOOL TOPS. Australian and N.Z. Cable Association. (Received Julv 4, 10.45 p.m ) LONDON, July 4. For Bradford wool tops business is quiet, prices showing no material change. FOREIGN EXCHANGE RATES. Australian and N.Z. Cable Association. (Received July 4. 10.45 p.m.) LONDON, July 4. Foreign exchange rates on London are quoted : Paris, 52.95 francs to 41. Stockholm. 17.10 kroner. Christiania, 26.45 kroner. Copenhagen, 20.65 kroner. Rome, 94i lire. Berlin, 1875 marks. Calcutta, 15$d to the rupee. Yokohama, 26d to the yen. Hongkong, 32id to the dollar. Montreal 4.50 dollars to 41. New York, 4.42$ dollars. METAL MARKET. Australian and N.Z. Cable Association. (Received July 4, 10.30 p.m.) London; July 3. Copper, on epot -862 lls 3d, forward delivery 463 Is 3d. Lead, on spot 424 ss, forward delivery 423 12s 6d. Spelter, on spot 427 17s 6d, forward delivery 427 15s. Tin, on spot 4154 Cs Bd, forward delivery 4155 6s Bd. Silver. 86]d per ounce standard.

COLD MININC

RETURN FROM NEW BIG RIVER. PE3 PB2S3 ASSOCIATION. UEOFTOX, July i. The following is iho new big river return for June. The battery crushed 210 tons of nuartK for 1430 z 4dwt of melted gold cyanide. By the process, 2<jfl tons of sand were treated for filoz. The total estimated value of the gold is 4735. WAIHI MINING. G RAND JUNCTION. Tlio following information has been cabled to tho I»ndon office:—No. 9 level, Empire Lode : The west drive has been extended to 446 ft. From 389 ft to 438 ft the average width is 42in; value, .£3 14s 3d; both walls exposed. No. 9 level, Empire lode: The ea-st drive ha« been extended to 395 ft. From 372 ft to 890 ft the average width is 56in; value, 18s 4d; Houth wall exposed. No. 9 level, Empire lode: The No. 7 winze lias been aunk to 40ft. From fho level to 16ft, 7h Id; width 44in. From 16ft to 33ft, 48 10s hd; width 42in. No wall n* jHv*d, No 9 love) : The main southeast crosscut, nt fiVtft intersected the George h:<le. The width of the lode is 67in; value H*s fid. WELLINGTON CUSTOMS. Tho Customs revenue received at Wol* lington yesb-rdav totalled 47068 18s lid

«£ R. d. Jt 6. d. Minings Black water 0 ”, 6 — VV aihi 1 11 0 1 13 0 Inscribed Stock (1939; 93 12 6 Inscribed Stock (1938) 93 15 0 94 2 6 Inscribed Stock (1933) 98 a 0 — War Bonds (1}*39) 93 15 0 — War Komis (1U33) 98 0 0 — 1*.U. Bonds ilKr; 94 10 0 — KU, inscribed Stock (i9.'r) »t 10 0 “ New South Wales 34 10 0 New Zealand *2 11 6 — Union 12 19 0 13 i 0 .Financial — National Mortgage ... *3 8 6 — N.Z. Lean and Afercantile lord.) 74 0 0 Gas— Gisborne 0 10 0 YVeilingrton (ordd 9 0 0 — Insurance— National 3 « 6 — New Zetland 1 9 6 — Standard 1 10 6 — Transport— Hnddart-Parker (oTd.) 2 7 0 — Coal — Westport — 1 12 0 Waipu. 0 15 3 — Timber— Leyland O’Brien t 13 0 — 1 9 0 1 11 0 Miscel la oeoua— Farmers’ Co-op. Aucfcioueennsr (pref.) B... — 0 17 0 Howard Smith — 2 6 0 *Cum div\