MINING.

Otago Witness, Issue 3525, 4 October 1921, Page 26

MINING.

WEEKS MIKING NEWS

October 3. The Rise and Shine dredge shows a return of 20oz 4dwt for 133 hours’ dredging. The Rising Sun dredge shows a return of 40oz 13d wt. DUNEDIN STOCK EXCHANGE. Business has been fairly quiet this week. Monday. being Dominion Day, was obseafcd as a holiday, but the turnover for the four days has not been very large. Business has been fairly distributed, and no particular interest has been shown in any one stock. In banking stocks the only business transacted was a sale of Bank of New Zealand shares at 50s. National Banks have been quoted about £5 10s to £5 12s 6d, and Bank of New South Wales shares have been sought at £34 5s without a seller. Union Banks are even with recent prices. Insurance shares have also been quiet, except for a transaction in South British Insurances at 365. Other insurance stocks show little fluctuation, Nationals being quoted about 59s 6d, and New Zealand Insurances about 29s 6d. Standards have been off the market. Huddart, Parkers changed owners at 41s and 40s 9d, but have since firmed to 42s 3d (buyers). P. and O. deferred stock shows business cn two occasions at £373, the latest quotations being unaltered. Westport Coals show a firming tendency, business early in the week at 28s 3d being followed by quotations of 29s and 29s 3d. Westport-Stocktons have been in demand at 6s lid, wi'.n sellers about 7s 2d. New Zealand Refrigerating shares at 17s and New Zealand Paper Mills (new issue) at Is 6d premium have added to the record of business. National Mortgages at 71s, New Zealand Drugs about 555, and a few other general investment lines have been on the market without attracting a buyer. On the other ha’d, Perpetual Trustees, Trustees, Executors, and Whitcombe and Tombs shares have been sought at firm prices without finding sellers. Mining quotations show little change in values, and no business has been passing. Government debentures have been in regular demand at firm prices, but sellers have been scarce, d there has been only one reported sale of Soldiers’ Settlement Inscribed stock at £92. There were no transactions during tlie call over on Saturday. Insurance and general investment shares were in firm demand, but there were-.very few sellers on the market. Government debentures were also sought at firm prices. Sept. 27.—Bank of New Zealand, 50s (two); P. and O. (def.), £373; New Zealand Refrigerating (10s paid), 17a. Sale reported;—Soldiers’ Doan Inscribed, £92. September 28.—South British Insurance, 365; Westport Coal, 28s 3d; Huddart, Parker, 41s, 40s 9d. Sale reported:—P. and 0. (def.), £373. September 29. —P. and. O. (def.), £373; New Zealand Paper Mills (new issue), Is 6d prem. September 1. —Huddart, Parker, 42. The following are Saturday’s quoiationo, subject to the usual brokerage; Dredging Stocks. Rising Sun —Buy. 2s 9d. Mining Stocks. Waihi—Buy. 21s 6d, sel. 22s od. Mount Lyell—Buy. 13s 3<l, eel. 14s.