MINING.

Otago Witness, Issue 3594, 30 January 1923, Page 26

MINING.

WEEK’S MINING NEWS. January 25. The secretary of the Nokomai Hydraulic Sluicing Company reports that a wash-up was made at No. 2 claim for a return of 13oz 14dwt for two weeks' sluicing. No. 3 had a full week’s sluicing and good progress was made. January 26. # The Rise and Shine dredge spent some time last week in extending the cut to the west side, where the ground had improved a little. With the exception of a few hard patches, the ground was easier to work than it had been, so more than the usual area of bottom was covered. The wash had increased in depth, and there wae a fair body ©f it over most of the cut. January 29. The Rise and Shine dredge shows a return of 270 z for 116 hours 'dredging. DUNEDIN STOCK EXCHANGE. Though business was not very extensive on the share market during the week, prices were steady and what business was done was cr an ali-round character. Banking shares were not dealt in, and prices were practically without alteration. Amongst insurance companies the demand for South British continued, and sales were reported on Thursday at 38s to 38s 3d, the market closing on Friday with a sixpenny margin. Standards were wanted on Friday at 34s 6d, but no transactions took place. In shipping lines Union Steam Ship (pref.) were placed on Thursday at Is 7d. On Friday there was a buyer at 19s 6d and the seller asked 30a. Huddart, Parker sold at 55s 3d, after which tho buyer offered 555. Coal stocks had very fair attention, with a moderate turnover in Westports at 35s 9d, the market closing even with a sixpenny margin. On Friday Westport-Stocktons were quitted freely at 4s (four parcels), 4s Id, 4s 3d, and 4s 9d, but at the close there was a seder at 4s 9d and the best buying offer was 4s. Nothing was done in loan and agency shares, and in miscellaneous lines the only turnover was in Kaiapoi Woollen (ord.) at 255, at which figure there was a buyer at the close on Friday and no declared seller. Throughout the tone of the market was healthy, as in most of the ventures mentioned there was a buyer and in many causes there was no declared seller. Mining lines were without business. Government stocks were in good request. On Thursday per cent. Bonds (1930) changed hands at in the room, and a sale was reported in Soldiers’ Settlement Bonds at £IOO 7s 6d. In both cases there was a buyer on Friday at the prices at which sales had been effected on the previous days. There was not much activity on the Dunedin Stock Exchange on Saturday morning, when the turnover was only moderate. A parcel of the ordinary issue of Huddart, Parker’s changed hands at 555. the market closing with a sixpenny margin, and there was a reported s?.le of National Insurances at 735. A buyer offered 72s 9d for these shares at the call, but sellers would not accept lees than 73s 6d. Waihis and Grand Junctions showed a further falling tendency, but War Bonds were firm at recently improved prices. January 23.—’W«i.y>Tt Coal, 35s 9d. January 24. Ka*apol Woollen (ord.), 255; Union Steam (nr**.), 19s 7d; Westport Coal, *■>£ 1. S»Vw reported: South British, 38s, 38s 3d; ot oer cent S.S.. 1933. £IOO 7« 6d January 26,-Westport-Stockton, 4s (four), 4s Id, 4s 3d, 4s 9d; Huddart. Parker, 55s 3d January 27.—Huddart, Parker (ord.) 555. Sale reported.—National Insurance 735. . The following are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage : mining. Waihi—Buy 303 7d, sel 325. Wailii Grand. Junction—Buy Ss Gd sel 9s 3a Electrolytic Zinc—Sel 29s 6d. Mount Lyell—Buy 21s 6d, sel 22s 6d.