MINING.

Otago Witness, Issue 3673, 5 August 1924, Page 30

MINING.

WEEK’S MINING NEWS. DUNEDIN STOCK EXCHANGE. July 28, —Sale reported: Wuson's Cement, 2^s July 29, —5J Soldiers’ Inscribed (.1933), £lOl I7s 6d; o£ per cent. Inscubed otocit £lOl 12s 6d; Bank o£ New Zealand, 56s 3a; New Zealand Refrigerating (cont.), 9s 3d. Sales reported: Christchurch Gas, £7 17s 6d; Kaiapoi Woollen (pref.), 19s. . July 30,—5| per cent. Soldiers Bonds (1938), £lO2 and £lol 17s 6d. „ Sales reported: Bank oi New Zealand, 66s 6d and 56s 9d; U.S.S. Co. (pref.), 2»s 6d Sale reported titer afternoon call: nans of Australasia, £l3 15s. July,—Bank of New Zealand, 56s 9d (two); National Bank, £6 11s 6d (two). Sales reported: N.Z. Breweries (Etd.,) 2cs (two); 4* per cent. 1938 Bonds, £9B (two); National Bank of Australasia (cont.), £i 14s, Bank of New Zaland, 56s 9d, 56s lOd (two); Westport-Stockton '(ord.), 5s l£d. Friday Afternoon. Business on the Dunedin Stock Exchange lias been fairly brisk this week, and quite a number of transactions have taken place, particularly in Bank of New Zealands, wliich have moved about extensively. Other bank ing lines have changed hands a good deal, too, and a certain amount of business has been done in War Bonds. There has been a noticeable improvement in Bank of Aus tralasias, New Zealands, and Unions, and other similar lines are fairly firm. National Insurances eased off slightly towards the end of the week, but little alteration has taken 'place in other insurance stock. Burns, Philps are wanted at 345, but the latest selling quotation is 365, leaving a margin of 2s, which makes business unlikely under present circumstances. Both issues of Huddart, Barkers are firm, and B. and O. s are weak, while the offer of 20s 4d for Union Steams has not varied. Taupiri Coals are wanted at 18e, and the offer for AV estports is in the vicinity of 375. The ordinary issue of Westport-Stocktons is available at 5s 3d, with buyers offering 2d .ess, while the quotations for the preference issue are the same. Doan and Mercamtiles (ord.) are on offer at £92—a slight decrease —and other loan and agency siiares are practically unaltered. Meat p Deserving lines are quiet. British Tobaccos were procurable during the week at 435, with buyers offering 6d less. Brown, Ewings (ordinary) have improved a little, and Dominion Rubbers are also stronger than they were earlier in the week. There is still a fairly wide margin between the buying and selling quotations, however. The ordinary issue of Kaiapoi Woollens have advanced to a slight degree, and the other issues are firm. The offer for Miibunn Limes and M'Leod Bros.’ Soaps increased slightly during the week, but there was no responding quotation for either. A shilling margin etiii prevents business in National Electrics, which are on offer at 19s 6d. New Zeaiand Drugs, Brewery shares, and both issues of New Zealand Expresses are steady, while Otago Daily Times shares are still in demand at 665. The price of Smith and Smith shares has decreased to 18s 6d, while the offer for Ward's has advanced to 51s 6d without attracting a selling quotation. Wilson’s Cements have also advanced, and a sale was reported on Monday last at 295. Mining shares have been quiet, and Waihis have decreased a little. A decided improvement took place yesterday in the offer for War Bonds, nearly all the 4J per cent, issues being sought at £97 17s 6d. There were no offers to part, however. August 1. —Ward’s Brewery, 51s 9d; Mount Lyell, 21s (two). Sales reported: Westport-Slockton (ord.), 5s lid; National Bank, £6 11s Gd; Bank of New Zealand. 57s (two). August 2, —Wilson’s Cement, 29s 6d; Mount Lyell 21s (two) Sale reported: New Zealand Insurance, 365. The following are Saturday morning’s buying ami selling quotations, which are subject to the usual brokerage:— BANKING. National Bank of Australasia—Buy £ls 10s. National Bank of Australasia, (cont.) —Buy £7 13s 6d * ovLrink of Australasia —Buy £l3 12s. Bank of N.S. Wales—Buy £4l ss. Bank of New Zealand—Buy 55s 9d, sel 575. National Bank—Buy £6 10s 6d, sel £6 12s 6d. Union Bank (ex div.) —Buy £l4 153, sel £l4 19s. Commercia’ Bank —Buy 28s 6d. INSURANCE. National Insurance Co.—Sel 73s 6d. N.Z. Insurance Co. —Buy 2i)s 6d, sel 30s 3d. South British Insurance Co.—Buy 40s 9d. Standard Insurance Co. —Buy 425, sel 445. SHIPPING. Burns, Philp—Buy 345. Ifuddart, Parker (ord.) —Buy 43s lid, sel 44s Id. Huddart, Parker (pref.)—Buy 21s. P. and O. Deferred Stock —Buy £278, sel 1285. U.S.S. Co. (pref.)—Buy 20s 6d. COAL. N.Z. Coal and Oil—Sel 2s. Taupiri Coal (ord.) —Sel 19s. Westport Coal Co.—Buy 37s 6d, sol 38s Gd. Westport-Stockton (ord.) —Buy 5s Id, sel 5s 1. Westport-Stockton (pref.)—Buy 6s 7d, sel

LOAN AND AGENCY. Dalgety and Co.—Buy £l3. Goldsbrough, Mort—Buy 475, sel 48s. N.Z. Loan and M. (ord.) —Sel £92. N.Z. and River Plate —Buy 19s. Perpetual Trustees —Buy 465. Wright, Stephenson (pref.)—Buy 17s. MEAT PRESERVING. N.Z- Refrigerating (cont.) —Sel 9s. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 28s. Brown, Ewing (pref.)—Buy 20s 6d. Bruce Woollen Co.—Buy 303. P.I.C. (ord.) —Buy 4s 6d prem. D.I.C. (pref.)—Buy 20s 6d. Dominion Rubber—Buy 15s, sel 20s . Donaghy’s Rope and Twine—Sel 33s 3d. Kaiapoi Woollen (ord.) —Buy 15s, sell Gs. Kaiapoi Woollen (cont.) —Buy 7s, sel Bs. Kaiapoi Woollen (pref.)—Buy 18s, sel 20s. Milburn Lime and Cement—Buy 36s 6d. Mosgiel Woollen Co.— Buy £6 17s Gd. M’Leod Bros.’ Soap—Buy £ls. National Electric—Buy ISs 6d, sel 19s 3d. N.Z. Breweries (Ltd.) Debentures —Buy 21s lOd. N.Z. Breweries (Ltd.) Stock —Buy 21s 9d. N.Z. Drug Co. — Buy 67s 9d. N.Z. Express (ord.) —Buy 17s. N.Z. Express (pnef.)—Buy 17s. N.Z. Hardware (ord.) —Sel ss. N.Z. Hardware (pref.)—Buy 16s 9d. N.Z. Paper Mills (ord.) —Buy 23s 3d. Otago Daily Times—Buy 665. Ward and Co. (Brewers) —Buy 51s 9d. Wellington Woollen (ord.)—Buy £6 17s Gd. Wellington Woollen (pref.)—Buy £6 17s 6d. Whitconbe and Tombs—Buy 72s 6d. Wilson's (N.Z.) Cement —Sel 29s Cd. MINING. Wailii —Buy 295, sel 365. Waihi Grand Jun.tion—Buy 2s 7d, sel 3s. Electrolytic Zinc (pref.)— Buy 265, sel 27s 3d. Electrolytic Zinc (def. ord.) —Buy 22s 3d. Mount Lyell—Buy 20s lid, sel "21s. WAR BONDS. 4J per cent. Bonds, 1930 —Buy £97 12s 6d. 4 a per cent. Bonds, 1938—Buy £97 12s 6d. 41 per cent. Bonds, 1939 —Buy £97 12s 6d. 5i per cent. Soldiers’ Bonds, 1933—8uy £lOl 15s. 4J per cent. Inscribed, 1938 —Buy £97 12s 6d. 4J per cent. Inscribed, 1939—8uy £37 12s 6d. 54 per cent. Soldiers’ Inscribed, 1933—8uy £lOl 12s 6d, eel £lOl 17s 6d. 6 per cent. Postal Bonds, 1927—8uy £9B. 5 per cent. Postal Inscribed 1927—8uy £9B. 51 per cent. Inscribed Stock, 1927-41—Buy £9B. .NORTHERN EXCHANGES. Th e following business was done on Changes on Friday: Auckland.—Brewery- debentures, 21s 9d; hew Zealand Insurance, 30s; Auckland Gas, E 3 ’ S u^ art > Parker, 43s 9d; Gear Meat, 436; National Pictures, 16s. Christchurch.—Sales reported: New ZeaGovernment 4J per cent. Inscribed (1938), £97 17s Gd; New Zealand Farmers’ Co-operative (£2 paid), 12s 6d; New Zealand f Co-operative (6i per cent, stock, 1330), £B/ IDs; Whitcombe and Tombs 74s ’Change: Bank of New Zealand] o6s 9d (two parcels); Westport-Stockton, 5s 2d; Wards Brewery (cum. div.), 62s 3d (three parcels). ;oont e ) llI1^T^ -Saie reporied: Ward and Co. The following business was done on Exchanges on Saturday: Auckland. —Sales on ’CKange : National Bank, £6 11s; Bank of New Zealand, £2 17sSouth British, 46s 6d; Waihi, 29s 3d; Auckland Gas Company, 255. Christchurch.—Sales : Goldsbrough, Mort (cum rights), 47s 9d. Sales reported: Standard Insurance, 44s 6d; Ward’s Brewery (cum div.), 52s 6d.