Page 9 Advertisements Column 8

Otago Daily Times, Issue 19042, 12 December 1923, Page 9

SHAREBROKERS. Quick at smith, SHAREBROKERS. E. R. SMITH. ) S W. SMITH ) Partners. F.' H. LAMPEN. ) STOCK EXCHANGE BUILDINGS. P.O. Box 266. Telephone 263, Telegraphic Address; “ Quickly,” Dunedin. gLIGO BEOS., W. F. Sligo, Member Dunedin Stodtj Exchange. H. EL PoppolwolL STOCK AND SHARE BROKERS. Main Entrance, STOCK EXCHANGE BUILDINGS. MINING. WAIHI RETURNS. The Waihi Gold Mining Company, during the period ended November 24, crushed 15,338 tons of ore, for a return of 5402 fine ounces of gold, and 43,930 fine ounces ot, silver. In the corresponding period of last year, 15,650 tons yielded 46470 z of gold, and* 40,0630 z of silver. The following information has been cabled to the London office of the company:—No. 5 level: North lode—Driving north-east, the next 17ft, assays 67s 6d per ton. The width of the lode is about sft, No. 9 level: Edward lode—Driving south ( the next 19ft..assays 35s per ton. The width of the lode, is about sft. No. 10 level: Edward lode — , Driving south, the next lift assays 5s 3d per ton. No. 14 level: In the crosscut to the north the next 10ft is country rock.., Martha lodo: North section —Driving west of No. 4 shaft crosscut, the next lift assays 32s 9d per ton. Martha lode; North section —Driving east of No. 4 shaft crosscut, the. next SBft assays 36s 3d per ton. The width of lode varies from 6ft to 10ft. " RISE AND SHINE DREDGE The Rise and Shine dredge which is now?;, locally owned (reports oar Cromwell cone-, spondent) is again at work on the Clntha. River, and after a good overhaul is running well on promising prospects. . . . ■ THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. The Dunedin Stock Exchange has been unusually busy during the past few days,- and yesterday was no exception. Two parcels of Waihis were turned over at 28s ~7d and 28s 8d respectively and -there were also -two sales of National Banks at £6 15s 9d. Kaiapoi Woollens (con.) realised 10s, and Mount Lyell shares were sold at 22s 3d. There was a sale repotted of Westport Coals at 37s Gd and also one of Mason, Struthers at X4s IDjd. There was an inquiry yesterday ; for Kauri Timbers at 28s 9d. Sales: Waihi, 28s 7d, 28s 8d; National Bonk, £6 Ais 9d (two); Kaiapoi Woollen (con.), 10s; Mount Lyell, 22s 3d. Soles reported: ' Westport. Coal, 37a 6d; Mason, Struthers, 14s IOJd. \ The following are yesterday afternoon’s buying and selling quotations, which - are subject to the usual brokerage;— BANKING. I Bank of Australasia —Sel £l3 2s 6d. Bank of New Zealand—Buy fils 6d, eel 62*. Bank of New Zealand (new issue)—Sel 50a 3d. National Bank—Buy £6 15s 6d, sel £8 16a 6d. Union Bank —Sel £l4 ISs. INSURANCE. National Insurance Co.—Sel 765. N.Z. Insurance Co.—Sel 295. . South British Insurance Co.—Buy 88s. Standard Insurance Co. —Buy 38s. i SHIPPING. , Howard Smith—Sel 60s 6d, Huddart, Parker (ord.) —Buy 41s 3d, sel 425. Huddart, Parker (pref.)—Buy 20s 3d, sel 21s. P. and O. Deferred Stock—Buy £3OO, eel £315. U.S.S. Co. (pref.)—Buy 20s 3d, sel 21e. ' COAL. Westport. Coal Co.—Buy 375, sel 335. LOAN AND AGENCY. i ■ Dalgety and Co.—Buy £l3, N.Z. Loan and M. (ord.)—Buy £Bl, sel £B2 10s. Perpetual Trustees—Buy 37s 6d. Trustees, Ex. and Agency—Buy 61s. MEAT PRESERVING. Gear Meat Co, —Buy 41s. N.Z. Refrigerating (pd.)—Sel 23s 3d. N.Z. Refrigerating (con.) —Buy 10s 3d, aal 10s 9d. ' Southland Frozen Meat (ord.) —Buy 325. ■ MISCELLANEOUS. Bruce Woollen Co.—Sel 355. D.I.C. (ord.) —Buy 3s 6d prem. D.I.C. (pref.)—Buy 20s 9d, Donaghy's Rope and Twine—Buy Ste. Dunedin Stock Exchange Propty.—Buy 455, Kauri Timber (ord.)—Buy 2Ss 9d. Milburn Lime and Cement—Buy 3Ss 9d. Mosgiel Woollen Co, —Sel £7 ss. M'Leod Bros.' Soap—Buy £2l. National Electric—Sel 19s. N.Z. Breweries (Ltd.)—Buy 22s 9d, sel 23a 9d._ _ , N.Z. Breweries (Ltd.) Debentures—Bay £lOl 10s, sel £lO2 10s. , , N.Z. Breweries (Ltd.) Stock—Buy £lOl. sel £lOl 10s. N.Z. Drug Co.—Buy 66s 3d. N.Z. Express (prof.l—Buy 17s. N.Z. Paper Milk (ord.)—Buy 22s Id, Ml 22s Bd. ’ Otago Daily Times—Buy 61s. Smith and Smith (prof.)—Sel 19b fid. - Ward and Co. (Brewers)—Buy 41s 3d eel 42s 9d. Whitcombe and Tombs—Buy 72s 6d ' Wilson’s (N.Z.) Cement—Sel 27s lid. MINING. Nokomai Hydraulic—Buy 4s 7d, eel 6s. Waihi—Buv 28s 3d, sel 28e 9d. Waihi Grand Junction—Buy 4s 9d, sel sa, Mount Lyell—Buy 22s 2d, eel 22s 3d. WAR BONDS. 45_per cent. Bonds, 1938—Buy £96 15s 4i per cent. Bonds, 1939—8uy £96 15s. Si percent. Soldiers’ Bonds, 1933—8uy £IOO I7s 6d. 4| per cent. Inscribed, 1938—Buy £96 15s 4| per cent. Inscribed. 1939—8uy £96 15s! 5i par cent. Soldiers’ Inscribed, 1333—8uy £IOO 17s 6d. . j. 5 per cent. Postal Bonds, 1927—8uy £97 I7si: 6d. per cent. Postal Inscribed, 1937—5 el £3B

NORTHERN EXCHANGES. (Peb Dkiteo Pesss Association.) The following business -was done oil ’Change yesterday“ War Loans (1927), J&l od; New Zealand Inscribed (1838). 4SW 15s; (1927-il), £9B; Devonport Borough Uebentures, £102; Bonk of Australasia, £l2 lbs: Bouth British Insurance. SSs 3d; Loan and Mercantile, £S2; Auckland Gas (con.),, 3s fidDavenport Ferry, 275; Monatiari, Is . 6d!' New W*iotahi (con.), 6d; WuihL 28s 6d; Grand Junction, 4a lid. Wellington.—Sales reported; War Loans Inscribed Stock (1933), £97; New Zealand ifoan and Mercantile (ord, cum), £B2* Huddart, Parker, £1 Is 6d; Kauri Timber Co,. Sd, ex div. (two parcels). ; Christchurch.—Sales reported; Bank of Australasia, £l3 18s, £l3; Union Hank of Australia, £l4 17s 6d; Huddart, Parker 41a 9d; Manning’s Brewery, 25s 3d. Sales:. Electrolytic Zinc (rights), 8s 5d (two parcels). AUCKLAND STOCK EXCHANGE. REMARKS BY THE CHAIRMAN. (Fbou Ode Own Coeeespgndent.) AUCKLAND, December 11. Reference was made to-day at the annual meeting of the Auckland Stock Exchange i by the chairman (Mr G. C. Creagh) to the gold mining industry. He said that it was to be regretted that in spite of increased activity there had not been any new finds of any consequence. During the year developments in the Waihi mine had, however, reached a very interesting stage as the result of the lateral exploration recommended by Mr Morgan (the Government geologist) Mr Creagh said that altogether the outlook for the old mine was at present more promising than bad been the case for some yeans past. The Grand -I unction had unfortunately been delayed with its development, hut. it was hoped that the opening up of' No. 11’ level would bo productive of’ satisfactory " results. Developments were still proceeding, at the Moar.iltamri mine, Thames, and there' was a good deal to encourage promoters in the hope that this genuine mining venture ■ would meet with the reward which it da.' served. The chairman also referred to the , increased activity in gold dredging in the south. With regard to new ventures, Mr Creagh', said it had been suggested to him that -Be, mining promotions should be permitted apart) from Government sanction.. That, it was thought, would save the public from being, „ taken advantage of by an unscrupulous opm-, 1 pany promoter. .■ ; Proven Hon is better then eon. so always, keep a bottle of "NAZOL,’' and as soon as you feel the slightest indication coming cold take a dose,—Adai. .v-.J'- I !.*-:#'