MINING.

Otago Witness, Issue 3765, 11 May 1926, Page 30

MINING.

THE WEEK’S NEWS. THE WAim COMPANY. AUCKLAND, May 4. Tli-i annual meeting of the Waihi Gold Mining Company (Ltd.) i 9 to bo held in London on May jB, and cabled advice has been leseived by the local director of the re suits of the company’s operations for the year ended December Cl last. After providing for taxes (£19,000), depreciation (£9900), interim dividend (£24,800), and adding £15,009 to mine development and reserve, the balance in the revenue account is £47,'00. Out of this sum the directors recommend a finai dividend for the year of Is a share free of tax, payable on May 18, leaving a balance of £22,700 to be carried forward. OPERATIONS AT SLACKS. The Blacks Goldmining Company reports that No. 5 bore has been completed to 105 ft in bedrock. TARANAKI OILFIELDS. NEW PLYMOUTH, May 7. The Taranaki Oldliclds (Ltd.) has decided on the recommendation of the company’s technical experts to discontinue drilling the Tarata well, which has reached 5000 ft. The employment of the rig and drilling crew elsewhere is now under consideration. DUNEDIN STOCK EXCHANGE. Friday afternoon.

Kawaraus weakeued slightly on the Dunediu Stock Exchange during the past week. On Monday one parcel changed hands at 7s 2d, but to-day there were five sales at 7s. The closing quotations were 7s (buyer) and 7s Id (seller). No interest has been showr in St.- Batbans, for which sellers still BSk Is premium. Waihis are wanted at 20s Id, but sellers will not take less than 20s 6d. The dividend is due on May 18 Buyers offer 9d premium for Molyneux Elec tries, sellers asking 2s Alburnias were added to the list during the week. Today’s quotations were 6s 9d (buyer) and 7s 6d (seller) New Waiotahis, for which Is od is offered, and Blackwaters, which have buyers at fs 3d, are also recent additions Business has been done in Bank of New Zealanda at. 60s 9d. At present inquiry is being made at Ms, sellers asking 61s. Othej stojks are firm.

New Zealand Breweries have improved, and inquiry is now being made at 58s 3d. Sellers will not take less than 595. Staples are also better. A buyer offered 38b 6d to-day, sellers quoting at 40s

National Insurances are on offer at 81s without inquiry. New Zealanda are wanted at 398 4d, sellers asking 4d more. Huddart, Parker ords. are quieter. Buyers are offering 43s Gd. "Westport Coals are slightly better. The present buying quotation is 365, but 36s 3d was offered on one occasion.

New Zealand Refrigerating shares have had a quieter demand. Buyers of the paids offer 16s 6d and of the contributing share* 7s ’od.

Dominion Rubbers are wanted at 50s with a Beller at 53s 6d. Kaiapoi Woollens made a further improvement about the middle of the week, when a sale of ords. was reporteo at 13s 6d. On the same day buyers offered 13s 3d, sellers replying at 13s 9d. To-day the quotations were 12s 3d (buyer) and 13s 9d (seller). Government Stock is in good demand Saturday noon. A parcel of Mount Lyells was turned over at 25s 8d on the Dunedin Stock Exchange this morning. Three sales of Bank of New Zeaiands at 60s Ud were reported. A buyer of National Insurances offered 79s 3d, sellers asking Is more. WestpoTt Coals were wanted at 36e 3d, with a seller asking only 3d more. Both issues of St. Bathans were on offer at par May 8. —Sales reported: Bank of New Zealand. 60s 9d (three). May 3.—Sales: Kawarau, 7s 2d; Mount Lyell, 25s 7d. Sales reported: E. S. and A. Bank (ex dir.), £7 14s fid (two). May 4.—Sale reported: Bank of New Zealand, 60s 9d. . 5 - —Sale reported: Kaiapoi Woollen (ord.) 13s 6d. May 6.—Sale: 4J per cent. Inscribed Bonds (1938), £96 7s Gd. Sale reported: Kawarau Eigb Levels, Is prem. May 7.—Sales: Kawarau G.M. Co., 7s (five). Sale reported: Whitcombe and Tombs, 695. The following are Saturday morning's ouying and selling quotations, which are subject to the usual brokerage: BANKING. Bank of Australasia—Sel £l4 2a 6d. Bank of New Zealand—Buy 60s, sel Sis. Commercial Bank—Sel 30s 9d. Commercial Bank (new ieeue)—Sel SO* 3d. National Bank—Buy £6 14a 6d, sel £6 15s

E.S. and A. Bank—Sel £7 15s. Union Bank—Sel £ls 2s. BREWERIES. N.Z. Breweries (Ltd.) —Buy 58s 3d. N.Z. Breweries (Ltd.), Debs.—Buy 2Cs Id N.Z. Breweries (Ltd.), Stock—Buy 26a. Ward aud Co.—Sel 41s. Staples—Buy 395, sel 40s. INSURANCE. National Insurance Co. —Buy 79s 3d, sel 80s 3d. N.Z. Insurance Co.—Sel 39s 9d. Standaid Insurance Co. —rtuy 625. SHIPPING. P. and O. Deferred Stock—Buy £220, sel Huddart, Parker (ord.)—Sel 44a 6d. ' liuddarl, Parker (pref.)—Buy 20s 3d. £235. COAL. N.Z. Coal and Oil—Buy Is, sel 2s 6d. Westport Coal Co.—Buy 36s 3d, sel 36s 6d. V\estport-Stockton (ord.) —Sel 2s 9d. LOAN AND AGENCX. Golasbrough, Mcrt—Sel 48s 6d. N.Z. Loan and M. (ord.) —Sel £96 ss. N.Z. and River Plate—Buy 21s. Perpetual Trustees—tiuy 50s. MEAT PRESERVING. Canterbury Meat—Sel £lO 19a. N.Z. Refrigerating (pd.)—Buy 16s 6d, sel 17s 6d. :\.Z. Refrigerating icont.) —Buy 7s 9d, sel 8s 3d. MISCELLANEOUS. Brown, Ewing (ord.) —uuy 295. Drown, Ewing (pref.)—nuy 20s. liruce Woollen Co.—Buy 21s. D.I.C. (ord.)—Buy 6s 9d prem. D.I.C. (pref.)—Buy 20s Dominion Rubber—Buy 50s, sel 53s 6d. Dunedin-Kaikorai Trains—Buy 30s. Dunlop Rubber—Buy 27s 3d. Eclipse Petrol—Sel 139 6d. Kaiapoi Woollen (ord.) —Sel 13s 9d. Kaiapoi Woollen (cont.; —Sel 6s. Kaiapoi Woollen (pref.)—Buy 13s. National Electric—Sel 19s 9d. N.Z. Drug Co.—Sel 68s IJ. N.Z. Drug Co. (paid)—Buy 595. N.Z. Drug Co. (cont.)—Buy 9s 3d. N.Z. Express (ord.) —Buy 21s 3d. *>.Z. Express (pref.)—Buy 17s 3d. N.Z. Guarantee Corp.—Buy 9s 3d. N.Z. Hardware (ord.) —Buy 10s 9d, sel 12s 6d. N.Z Milk Products—Buy 31b 6d. N.Z Paper Mills-(ord.)—Sel 235. N.Z. Sugar of Milk—Sel 28s. Taranaki Oil—Buy 10s. Whitcombe and Tombs—Sel 69s 6d. Wilsons Cement—Buy 35s 3d. MINING. Kawarau G.M. Co.—Buy 7s, sel 7s 2d. Nokomai Hydraulic—Buy 6s. Waihi—Sel 20s 6d. Mount Lyell—Buy 25s 6d, sel 25s 9d. Kawarau High Levels—Sel 19 prem. Mount Isa —Sel 21s. St. Bathans (A issue)—Sel par. St. Bathans (B issue) —Sei par. Natural Bridge—Sel par. Molyneux Electric—Buy 9d prem., sel 2s 3d prem. Alburnia—Buy 7s 3d, sel 8s 3d. New Waiotahi—Buy Is 6d. Blackwater—Buy 6a 3d. WAR uONDS. 4o per cent. Bonds, 1930—Buy £96 109. il per cent. Bonds, 1938—Buy £96 7s 6d per cent. Bonds, 1939 —Buy £96 7s 6d. 5£ per cent. Soldiers' Bonds, 1933 —Buy £99 12s 6d. 5£ per cent. Soldiers’ Inscribed, 1933—8uy £99 10s, 9e) £93 15s. NORTHERN EXCHANGES.

The following business was done on Changes during the week: Wednesday. Auckland.—Sales: Bank of Australasia, £l4; Bank of New South Wales, £44 14s, Bank of New Zealand, 61s; Union Bank ct Australia, £ls 2s; New Zealand Insurance, 39s 7d, Milne and Choyce Debentures Stock, 2Gs; Sanford (Ltd.), 20s, Taranaki Oil, 12s, Alburnia Consolidated, 5s 4d, 5s 3d, 5s 6d, 5s Sd (first call), 5s Bd, 5s lOd, 6s 2d (second call), 6s 3d, 6s 3d, 6s 4d, 6s sd, 6s 6d 6s 8d (third call); Moanataiari. 2s 7d; Lucky Shot (cont.), Is (three sales), ll£d, New Waiotahi- (coni.), la fid (two sales); Waihi, 209 (two sales).

Wellington.—Sales: New Zealand Government Loan Inscribed Stock 11938), £96 ss; New Zealand Breweries, £2 18s 6d. Christchurch.—Sales reported: New 4Sea land Guarantee Corp., 9s 8d; New Zealand Breweries, 5Ss 6d (two parcels); New Zea land Breweries' Bonds, 26s 3d; Bank of New South Wales (cum div.), £44 12a 6d (foui parcels); Bank of New Zealand, 60s 9d, Western Australian Bank (cum. div.), 575, Goldsbrough, Mort, 48s, 48s 6d, 48a 3d, Burns, Philp (cum div.) and rights), 395; Central Dairy, 37s 6d (£2 paid).—Sales: Electiolvtic Zinc (pref.). 34s 7d; Commercial Bank of Aust., 30s 5d ; Bank of New South Wales (cum. div.), £44 12s 6d; Queensland Insurance 535; New Zealand Refrigerating (cont), 8s id (two parcels); Kaiapoi Wool len (ord.), I3s 3d.

Thursday. Auckland.—Sales: New Zealand Insurance, 39s 9d; South British, 55s 9d: Taupin Coal, 18s 3d; Auckland Gas (cont.), 8s 4d; Huddart. Parker, 445; Alburnia, 7s, 7s 6d, 7s 7d, 7s Id, 7a, 7s 2d, 7s Id, 7s, 7s, 6s lid; Moanatairan, 2s 9d, 2s lOd; Lucky Shot (cout.). Is Id, Is, lid; Waihi Grand Junction, Is 3d.

Wellington.—Sales: Neffc Zealand GovernLouis (1938). £97 7s 6i ; (1933), >-97 15a; Bank of Australasia, £l4; Goldsbrough, Mort, £2 17s lid; National Insurance, £4; Westport Coal, £1 16s 6d; New Zealand Breweries, £2 18s 6d; Wilsons Cement, £1 16s.

Christchurch.—Sales reported: New Zealand Government 4.J per cent. Inscribed (1938), £96 10s; 4* per cent. Bonds (1938), £96 12s 6d; Union Bank, £ls 10a; Goldsbrough, Mort, 48s; Westport Coal, 36s 3d (two parcels); New Zealand Drug Co., 68s. Sales: Westport-Stockton (pref.), 2s 6d, Christchurch Gas, 23e 9d; Electrolytic Zinc (pref.), 34s 4d; Mason, Struthers (14s paid), 14s Gd.

Friday. Auckland.—Sales: National Bank of New Zealand, £6 14s fid: Auckland Gas, 23s 7d (two sales); Auckland Gac (con.), 8j 4d; Huddart-Parker, 445: Kauri Timber, 34s 3d; Alburnia, 7s, 7a Id, 7s 3d, 7s fid, 7s 9d, 88; Moanatarari, 2s lOd, 2s Us; Kawarau, 7s Id (two sales), 7s; New Waiotahi (cont.), Is 8d (two sales), Is 9d. Is lid, 2s. Wellington.—Sales: New Zealand Government Loans, 44 Inscribed Stock (1938), £9O 7s Cd; Colonial Put- "l 15a. Christchurch.—Sales reported: Bank of New Zealaud, 60s 9d; Union Bank, £ls Is (four parcels); New Zealand Refrigerating (uaid), 17sfid; Westport Coal, 36s 3d; Christchurch Gas, 23s Bd, 23s Bd, 23s 9d; KAuri Timber, 34s (two parcels); New Zealand Guarantee Corporation, 9s fid; New Zealand Government 44 per cent. Inscribed (1938), £96 7s fid; 44 per cent. Bonds (1938), £96 7s fid (two parcels). Sales: British Tobacco, 48s; Bank of Ntv

Zealand, 60s fid; Koval Bank (£1 paid), 34s fid; Bank of New South Wales (cum.), £44 12s fid; Queensland Insurance, 535; Goldsbrough, Mort, 48s (two parcels); New Zealand j rigerating (con.), 8s; Wilsons Cement, 3fis (two parcels); Mason, Struthers (I4s paid), 14s 3d. Saturday. Auckland. —Sales: Alburnia, 8s; Kawarau, 7s Wellington.—National Insurance, £4 ; Huddart, Parker (ord.), 43s 9d. Christchurch.—Sales reported : Royal Bank (£1 paid, ex div.), 34s 9d; Goldsbrough, Mort, 48s; British Tobacco, 48s 3d (two parcels). Sales: Electrolytic Zinc (pref.), 34s 5d ; Australian Bank Commerce, 32s €d; Royal Bank (£1 paid), 34s 9d (two parcels) ; Goldsbrough, Mort, 47s 10d( two parcels) ; New Zealand Refrigerating (con.), 7s lid, 7s lOd.