MINING.

Otago Witness, Issue 3467, 24 August 1920, Page 22

MINING.

August 18. Th@ secretary of the Nofcomai JECydraulio Slvdeing Company reports that No. 2 claim Started to strip the top material of the next \ j?ffiddoek on Tuesday last, and good progress ipao made. Owing to tho hard frosts oxperiNo. 8 had io closer down. A/ugust 10*

To Rise and Shine dredge continued to open out inta the flat last week. There was a considerable overburden, which somewhat hampered progress. Conditions were similar to those of tho previous week, the only difference being that the coal bottom had given placo to clay. DUNEDIN STOCK EXCHANGE. Though the market opened quietly and with very few transactions, there was a distinct improvement towards the close, both as regards volume of business and prices. Amongst tho mining ventures Mount Eycll was tho only one dealt in, at rates not quite equal to thoso ruling last week. On Monday they ohanged hands at 23s Gd, 23s sd, 23s 6d, and 23a sd, and closed with a wide market. Banking and insuranoe stocks wore fjrni, Now Zealand Bonk especially lyppreciatrngs Opening

the week with a buyer at £27 and a seller at £27 10s, they steadily advanced and' on Friday changed hands at £2B, closing with a buyer at £27 17s 6d and a seller at £2B Is 3d. New Zealand Insurance sold on Thursday at 80s 9d, and on Friday had a buyer at 80s and a seller at 31s 3d. After a sal© at £l3 Ss, Union Bank closed with a buyer at £l3 8s 6d, the seller asking £l3 12s. Amongst general investment stocks Huddiart, Parker had most attention, with an upward tendency. On Monday they were placed at 56s 3d, and subsequently advanced to 5Ss, finishing with sales and a buyer at 57s 9d. Westport Coal had a little attention at 31s 6d and 31s 7d, finishing with a seller at 31s Cd and the best buying offer being 31s 3d. Westport-Stockton were quitted at 8s 6d, and the market closed steady. Other stocks were without business, and there was practically no alteration in price. The only stock dealt in on ’Change on Saturday was Huddart, Parker. A sale was reported at 57s 9d, and they changed hands at the call at 57s 6d, finishing with -a buyer at 57s Sd and a seller at 5Ss. Mining ventures were without turnover or change in value. Banking and insurance stocks were without material change, though Bank of Now Zealand, which had been in strong demand during th© week, were without buyers. Other lines were without alteration in value. The following are Saturday’s latest quotations, subject to th© usual brokerage; Mining- Stocks. Talisman Consolidated—Buy. 7s 6d. Waihi—Buy. 35s 6d. Waihi Grand Junction —Sel. 10s 3d. Mount Lyell—Buy. 23s 3d, sol. 245. August 16. —Mount Lyell, 23s 6d; Huddart, Parker, 56s 3d. August 18. —Mount Lyell, 23s sd; Westport Coal, 31s 6d, 31s 7d. Aug. 19. —Huddart, Parker, 56s 6d, 56s 9d, 57s 3d; Westport-Stockton, 8s 6d; New Zealand Insurance, 30s 9d; Mount Lyell, 23s 6d. Aug. 20. —Mount Lyell, 23s sd; Bank of New Zealand, £2B; Union Bank, £l3 9s; Huddart, Parker, 57s 9d. Sale Reported.—Huddart, Parker, 58s. August 21. —Huddart, Parker, 57s 6d. Sale reported:—Huddart,'Parker, 57s 9d. WELLINGTON STOCK EXCHANGE. WELLINGTON, August 21. The following sale was reported on ’Chang© to-day:—New Zealand Drug, £3 10s. , LONDON SHARE MARKET. . LONDON, August 17. P. and O. shares are quoted: Buyers £395, sellers £415. Dalgety’s shares, £lO 7s 6d; debentures, £6l 10s. *** August 19. Waihi Junction, 9s lOd, 10s. P. andi O. shares, £4OO- and £420.

WEEK’S MINING NEWS