MINING.

Otago Witness, Issue 3662, 20 May 1924, Page 30

MINING.

WEEK'S MINING NEWS. The Electrolytic Zinc Company of Australasia (Ltd.) ’ reports that its production during the four weeks ended March 5 1-3^4 consisted of 3474 tons of zmc (of which 115 tons were used at the works) and siivei lead product for shipment to Port Prrie for realisation containing 450 tons of lead and 55,0000 z at’ silver. During tlr<* following four weeks the opoia tions yielded 3524 tons of zinc (115 tons being used in the works), and silver lead Product containing 500 tons of lead, and 60,0J00z ol For the four weeks ended April 30, 3000 tons of zinc (of which 115 tons were used at the works) and silver lead iDroduct for snipment to Port Pirie containing 510 tons of lead and G2,0000z of silver. DUNEDIN STOCK EXCHANGE. May 13.—Waihi, 31s 3d (two), 31 s 4d. Sales renorted : Bank of New South S\ ales, £4l 2s 6d; 4i per cent. Government Bonds (1939), £96 15s; New Zealand Paper Mills, 2 May 14.—Bank of New Zealand, 52s Gd. Slay 15. —Milburn Lime and Cement, 3Gs id. Sales Reported.—Bank of New Zealand, »2s Gd; 4£- per cent. Bonds (1930), £96 17s Gd. Business was not particularly blight on the Dunedin Stock Exchange last week, but there has !>ecn an unusually large number reported sales, especially in Bank J)f New Zealunds, of which 12 parcels have been sold since last Saturday at 52s Gd. "Waihis have also been moving, and there have been four sales at prices varying from 31s to 31s 4d Banking lines were freely quoted at firm figures, but not much business has been done, as the margins arc, in some cases, too wide. National Insurances eased, and shares were available at 75s 6d—a decrease of about Is 6d m price. Other insurance lines also eased a little, but not to the same extent. Shipping shares were quiet and most lines were firm, while coal shares also were dull, no business having been done for some time, llalgetys were in demand at £l3 10s while Goldsbrough, Molts eased a little, and were available at 52s 9d. The marg.n between the buying and selling quotations for National Mortgages was too wide to encourage business, while Loan and Mercantiles, which were sought at £3O, had not been quoted by " a seller. Perpetual Trustees and Trustees, Executors had not altered since the beginning of the week, but Wright, Stephensons (prefer.) advanced slightly. All classes of meat preserving shares were quiet. B.A.W.K.A.'s were procurable at 10s 6d on Monday and Tuesday, but since then have not been quoted. Bines Woollens were firmer, and buyers of Colonial Sugars, which have not been quoted very frequently, have advanced to £ll IDs. Crown Breweries have likewise improved. Dental and Medicals were weak, there being a margin of 3s Sd between the buying and selling quotations. Manning's Breweries have eased somewhat, while alt classes of New Zealand Brewery shares are firm New Zealand Drugs are in a good position, and the offer for Oatgo Daily Times shares advanced on Fridaj r to 655. Both the ordinary and preference issues of New Zealand Express Company havd improved in offer, but sellers are reticent and have not come on the market. An increase of Is Ga in the ruling offer of 44s for Ward and Co.'s Brewery shares attracted a selling quotation, but it was Is Gd higher than thi offer, so that business under the circumstances was hardly to be expected. Wliitcombe and Tombs have not been quoted with any frequency of late, but there has been no alteration in the offer so far. Wilson’s Cements have eased and are available now at 29s 9d. There is a fairly close margin between tbe quotations for "Waihi Grand Junctions and Mount Lyells, but the bay cm and sellers have not met. War Bonds are sought extensively at firm figures, tout selling auot-ations have been few. Hay 1G. —Waihi, 313. Bales reported: Union Bank, £l4 13s 3d (two); New Zealand Breweries (Ltd.), 238 (two); Bank of New Zealand, 52s Gd (two). The following are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage: BANKING. Bank of Australasia —Sel £l3 7s 6d. Bank of N.S. Wales —Sel £4l. Bank of New Zealand —Buy 52s 3d, sel 52s 9d. National Bank—Buy £G 17s. Union Bank—Buy £l4 12s Gd. Commercial Bank—Sel 30s 6d. INSURANCE. ) —Sel 75s N.Z. Insurance Co.—Buy 23s 3d, sel 30s. South British Insurance Co. —Buy 40s 3d, Standard Insurance Co.—Buy 40s, sel 41s Sd. SHIPPING. Huddart, Parker (ord.) —Buy 435, sel 43s 6d. Huddart, Parker (pief.)—Buy 20s sd, sel 21s. P. and O. Deferred Stock—Sel £3OO. U.S.S. Co. (pref.)—Buy 19e lid. MISCELLANEOUS. Donaghy’s Rope and Twine—Buy 38a 7d. Dunedin-Kaikorai Trams—Buy 275. Dunedin Stock Exclr. Piopty. —Buy 4Gs. Kaiapoi Woollen (ord.) —Sel 19s 6d. Kaiapoi Woollen (con.; —Sel 20s. Milburn Lime and Cement—Sel 375. M’Leod Bioa.’ Soap—Buy £l4 as.

National Electric —Sel 20s. N.Z. Breweries (Ltd.) —Buy 235. N.Z. Breweries (Ltd.) Debentures —Buy 20s 61. N.Z. Drug Co.—Buy 67s 3d. N.Z. Ex'press (ord.) —Buy 16s 9d. N.Z. Express (pref.)—Buy 16s 9d. N.Z. Paper Mills (ord.) —Buy 22s 4d, eel 23s Gd. Otago Daily Times—Buy 675. Smith and Smith (pref.)—Sel 19s. Wilson’s (N.Z.) Cement—Sel 30s. COAL. Westport Coal Co. —Sel 38s 6d. Westport-Stockton (ord.) —Buy ss, sel os 9d. LOAN AND AGENCY. Dalgety and Co.—Buy £l3 10s. Goldsbrough, Mort —Sel 52s Gd. National Mortgage—Buy 77s 6d, sel 80s. N.Z. Loan and M. (ord.) —Buy £9O. Perpetual Trustees —Buy 40s. Trustees, Ex., and Agency—Buy 555. MINING. Waihi —Buy 81s, sel 31s Gd. Waihi Grand Junction—Buy 2s lOd, sel 3s. Electrolytic Zinc (def. ord I—Buy 20s, sel 22s Gd. Mount Lyell—Buy 21s, sel 21s 9d. WAR BONDS. 4J per cent. Bonds, 1930 —Buy £96 10s. 4) per cent. Bonds, 1938 —Buy £96 15s. per cent. Bonds, 1939—8uy £96 15s, sel £97’ 2s Gd. 51 per cent. Soldiei'3’ Bonds, 1933 —Buy £IOO 17s Gd, sel £lOl 10s. 4J per cent. Inscribed, 1938 —Buy £96 I2s 6d, sel £97. 4j per cent. Inscribed, 1339 —Buy £96 12s Gd, sel £97. 61 per ce'nt. Soldiers' Inscd., 1933 —Buy £2Ol, sel £lOl 10s. 5 per cent. Postal Bonds, 1927 —Buy £97 10s. 5 per cent. Postal Inscd., 1927 —Buy £97 10s. 5 per cent. Postal Inscd., 1929 —Buy £97 10s. 5i per cent. Inscd., 1929-41 —Buy £97 10s. NORTHERN EXCIIANGES. WELLINGTON, May 17. Sales reported: New Zealand Government 4J per cent. Inscribed Bonds (1938), £ys 15s; Union Bank, £4 13s Gd (two parcels). AUCKLAND, May 18. Sales: Bank of New South Wales, £4; Waihis, 31s Cd.