MINING.

Otago Witness, Issue 3768, 1 June 1926, Page 52

MINING.

THE WEEK'S NEWS. Shareholders in the Wealth of Nations Company will learn with pleasure that crusting operations at the battery have been resumed (says the Heefton Tines). There are 200 tons of stone in the paddock, and more is being lifted daily. This is the first taken out of the indie sin e the collapse of the shaft in October last. BORING FOR OIL. GISBORNE. May 24. The Taranaki oilfields plant at Ruatoria was put into operation last week, and boring for oil is now steadilv proceeding. Everything is working: smoothly. ALEXANDRA DEEP LEAD. The manager of the Alexander Deep Lead Company (Mr Human) informed a representative of the Alexandra llerald that owing to the suction pump which v.a? recently installed not functioning properly in removing the sand and silt from the claim in the process cf opening up the paddock, he is discarding this means in the meantime, and is reverting to hydraulic power, having obtained the sanction of the borough council to utilise certain borough water for this purpose. Mr Homan is j confident that only a few days will t»» necessary to open up the paddock, after which the electric piunp will be utilised to draiu the claim. DUNEDIN* STOCK EXCHANGE. Friday afternoon. All banking shares are firm on the Dunoara Stock Exchange at present. Bank of New Zealands are the outstanding stock. At tne end of last week they were wanted at 60s <j,l, but to-day numerous transactions were effected at 61s. On 'Change there were hve sales at that price and six sales were re ported. A steady inquiry has been made for Bank of New South Wales at £45, and a sale was effected during the week at £45 ss. Commercials are wanted at 30s 9d, sellers usking 31s 3d. The inquiry for National Bank of New Zealands has improved to £6 Ills, but there are no immediate sellers. National of Australasias are ex dividend The ordinary 'issue are wanted at £l7 10s, and £8 15s is offered for contributing shares Transactions in New Zealand Breweries at ills 3d have been reported. At present 59s is offering, sellers asking 59s 6d. Buyers of debentures have offered 26s 4d. National Insurances are in demand at 77s 6d, sellers asking 80s. The quotations for New Zealands are 39s 6d (buyer) and 40e (seller). The inquiry for South British has improved to 56s 9d, and 53s 3d is offering for Standards. P and O. Deterred Stock is in much better demand, and a». much as £240 has been offered. To-days quotations were £235 (buyer) and £250 (seller). Coal and Oil* are wanted at Ls, at which price a sale has been reported. Westports were ex dividend to-day, buyers offering 37s 3d. Yesterday a buyer quoted at 38e. Inqniry is being made for Westport-Stock-tons ords at la 4d and for prefa. at 2s 6d. New Zealand Refrigeratings (paid) are in slightly better demand, to-day’s offer being 17s Gd Sellers asked only 3d more. D.I.C. ords. are wanted at 7a premium. Sales of the £2 paid issue of New Zealand Drugs have been reported at 68a 6d. A steady inquiry is made at 68s. The new paid-up issue is in demand at 61s. New Zealand Paper Mills are ex dividend, sellers asking 21s. Some business has been done m Kawaraus at 7a Gd and 7a 7d. The latter price is offering at present, but sellers will not take less than 7s lOd. Nokomais have made another increase in value, and buyers are now offering 8s lOd Mount Lyella have a buyer at 26s 2d. St. Bathans (A issue) changed hands at par to-day, sellers afterwards asking 3d premium. Sixpence dis count was offered for B's, par being asked. An improvement of 2a Gd has been made in the buying quotations for 1938 and 1939 Inscribed Stock. Saturday noon. Further busThess was done in Bank of New Zealands on the Dunedin Stock Exchange this morning, the price being 61a. Two lots of St. Bathans issue) found buyers at par There was a large amount of reported business. P. and 0. deferred stock was wanted at £244, but sellers failed to reply. May 24. Sales: Kawarau, 7s 6d (two), 7a fd (two). Sa'es icportod: Taupiri Coal (ord.), 17s 9d; New Zealand Insurance, 40s May 25.—Sales reported: Waihi, 19s; Mount Lyell, 26s sd; Kawarau, 7s 7d. May 26.—Sales reported: Bank of Australasia, £l4; New Zealand Drug Company, 68* Gd. May 27.—Sales: Bank of New Zealand, 61s (three).

Sales reported: Bank of New South Wales, £45 ss; E.S. and A Bank, £7 15s; Bank of New Zealand, 61s; Kawarau, 7s Gd New Zealand Breweries, 59s 3d. May 28.—Sales: Bank of New Zealand, 61s (five); St. Bathans (A issue), -sr. Sales reported: Bank of New Zealand, 61s (six); New Zealand Coal and Oil, Is; New Zealand Drug Company, 68s Gd; Kawarau, 7s 7d; B.A.W.R A., 12s; New Zealand Breweries, 59s 3d. May 29. —Sales: Bank of New Zealand, 61s; St. Bathans (A issue), par (two). Sales reported: Waihi, 18« 6d, Mount Lyell, 26s 6d; New Zealand Refrigerating paid), 178 6d; National Insurance, 795, National Mortgage, 765. The following are Saturday morning’s buying and selling quotations, which are subject to the usual brokerage:— a BANKING. Bank of Australasia—Buy £ll. Bank of N.S. Wales (ex div.)—Buy £44 15s. Bank of New Zealand—Buy 61s, se! 61s 3d Commercial Bank—Buy 31s, sel 31s 6d. National Bank—Buy £6 16s 6d. National Bank of Australasia—Buy £l7 10s. National Bank of Aust. (cont.)—Buy £8 15s. t'. and O. Bank—buy £9. Union Bank—Buy £ls 4s. E.S. and A. Bank—buy £7 15s 6d. BREWERIES N.Z. Breweries (Ltd.)—Buy 595, sel 59s 3d. Ward and Co.—Buy 39a 9d. Staples—Buy 37s 9d, sel 39a 3d. INSURANCE. National Insurance Co.—Buy 78s 3d, sel 80s. N Z. Insurance Co’.—Buy 39s Gd, sel 40s 3d. South British Insurance Co.—Buy 575. Standard Insurance Co.—Buy 53s 3d. SHIPPING. Burns Philp— Buy 35s 6d. Howard Smith —Buy 31s 6d. Huddart, Parker (ord.) —Buy 43s 9d, sel 14s 6d. Huddart, Parker (pref.)— Bu- 20s 6ci. P. and O. Deferred Stock—Buy £214. U.S.S. Co. (pref.)—Buy 19s lOd. COAL. N.Z. Coal and Oil—Buy Is. Westport Coal Co.—Buy 37s 3d. Weatport-Stockton (ord.)—Buy ls 3d. Westport-StocktoD (pref.)—Buy 2s 6d, sel 3s 2dLOAN AND AGENCY. Dalgety and Co.—buy £l6. Goldsbrough, Mori—uuy 48s Gd. National Mortgage —Buy 75s 3d, sel 70s. iN.Z. Loan unu M. (ord.)—buy £96. N.Z. and River Plate—Buy 21s 6d. Perpetual Tiustees—Buy 50s. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Buy I7s Gd, sel 17s 9d. N.Z. Refrigerating icont.j—Buy Ba. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 295. brown, Ewing (pret.)— Buy 20a 3d. Bruce Woollen Co.—Buy 20s. Crystal ice—buy 21a Gd D.I.C. (ord.) —Buy 7a prem. u.I.C. (pref.)—Buy 20s 4d. Dunedin-Kuikorai Trams—Buy 31s. Gominioa Rubber—l 1 535. Eclipse Petrol—Sel 13s 6d. Kaiapoi Woollen (ord.)—Buy 13s, sel 13s Gd. Kaiapoi Woollen (cont.)—Buy 2a 9d, sei 4s 3d. Kaiapoi Woollen (pref.)—Buy 13a. Mosgiel Woollen Co.—buy £5 15s. National Electric —Sel ISs 6d. N.Z. Drug Co.—buy 68s 3d. N.Z. Drug Co. (paid l —Buy 61* 3d. N.Z. Drug Co. (cont.)—Buy 10a. N.Z. Express (ord.)—ouy 21s 3d. N.Z. Express (pref.)—Buy 17s Gd. N.Z. Guarantee Corp.—buy 9s 6d. N.Z Hardware (ord.)—Buy 10s 6<l, sel lls 9d. N.Z. Milk Products—Buy 32a. N.Z. Paper Milla (ord.) —Buy 19a 6d, *ef 21a. N.Z. Sugar of Milk—Sel 27s 6d. Wilsons (N.Z.) Cement—Huy 35a 6d, sel 36a 3d. MINING. Kawarau G.M. Co.—Buy 7s 7d, sel 7a lOd Nokomai Hydraulic—buy 8a 6d. Waihi —Buy 18s 6d, sel 19s. Electrolytic Zinc (pref.)—Buy 355, sel 36a. Electrolytic Zinc (ord.) —buy 34s 4d. Mount Lyell—Buy 26s 3d, sel 26s Bd. Kawarau High Levels—Sel ls prem. St. Bathans (A issue)—Buy 6d disc., sei par. St. Bathans (B issue)—Buy 6d disc., sel par. Natural Bridge—Buy Is disc, sel par. WAR BONDS. 4J per cent. Bonds, 1930—Buy £96 10s 4£ per cent. Bonds, 1938 Buy £96 10s. 5£ per cent. Soldiers’ Bonds, 1933 —buy £99 10s. per cent. Inscribed, 1938—Buy £96 7s 6d. 5 per cent. Postal Bonds, 1927—8uy £9B. 5 per cent. Postal Inscribed, 1927—8uy £9B. NORTHERN EXCHANGES. The following business was done on ’Changes during the week; Tuesday. Auckland.—Sales: National Bank of New Zealand, 16s; Bank of New Zealand, 10s 9d (three sales), 61s; New Zealand Insurance, 40s; Farmers’ Fertiliser, 100 a; Sanford (Limited), 20s 3d; Taranaki Oil, 13s 6d; Union Oil and Soap, 40s 9d; Wilsons Cement, 365; Alburnia, 5s 9d, 5s 7d, 5e 6d, Moanataiari, 2s 9d- Kawarau, 7s Bd, 7s 7d 7s Gd; New Waiotahi, ls 7d; Waihi, 18s 6u Wellington.—Sale: Bank of Australasia, £l4. Christcbhurch. —Sales reported: Mount Lyell (cum div.), 26s 3d; Waihi, 19a. Sales: Aust. Bank of Commerce, 32s 6d (two parcels) ; National Bank of New Zealand. £6 15s (two parcels) ; Goldsbrough, Mort, 48s 8d ; Manning’s Brewery, 39s 9d ; Mason, Struthers (£1 paid), 22s 6d; New Zealand Guarantee Corporation. 10s. Wednesday. Auckland. —Sales: Bank of New Zealand, 60s 9d (two sales) ; Union Bank of Australia, £52 78 6d ; Milne and Choyce (debentures), 255; Sanford (Limited). 20a 3d; Wllßona Cement. 355; Alburnia. 5s 7d, 5s 9d, 5s lOd: Moanataiari, 2s 8d ; New Waiotahi (cont.). ls 6d; Ohineinuri, 3a 3d; Waihi, 18s Gd. 18s 9d. Wellington.—Sales: 4& Inscribed Stock (1938), £96 10s; National Bank of New Zealand, £3 13s. Christchurch. —Sales reported : E. 8. and A Bank. £7 14s Gd ; National Bank of Australasia (£5 paid, cum div,), £9 Is 6d ; National Bank of New Zealand. £6 16s (two parcels): Queensland Insurance. 54s 6d; New Zealand Refrigerating (cont), 8s 2d. Sales: Christchurch Drainage 5J per cent., £96; South British, 575; Goldsbrough, Mort, 48s 8d (two parcels) ; New Zealand Refrigerating (cont.), 8s 2d; Westport Coal (cum div.), 38s, 38s 6d. Thursday. Auckland. —Sales: Inscribed Stock (1938), £96 10s; National Bank of New Zealand, £6 16s; Bank of New Zealand, 60s 9d, 61s; Sanford (Limited), 20s 3d; Taranaki Oil, 13s 3d; Alburnia, 5s lOd (two sales) ; Lucky

Shot (cont.), lid; New Waiotahi (cont.l, 12a 6d. Wellington—Sales: New Zealand Government Loans 51 |*?r cent. Inscribed Stock (1933). £99 7s 6d ; Huddart. Parker. £2 4s; Wellington Gas Company, £1 7s 3d; New Zealand Breweries, £2 19s 3d. Christchurch.—Sales reported : National Bank of New Zealand, £6 16s Gd; Royal Bank (£1 paid). 365; Union Bank, £ls ss; Western Aust. Bank, 56s 6d; New Zealand Breweries, 59s 3d; Mount Lyell ((cuni div.), 26s 4d ; Westport Coal (cum div.), 38s 3d. Sales: Kavarau, 7s 8d; Union Bank, £ls 3s 6d ; West Aust. Bank. 5Cs 8d ; New Zealand Refrigerating (cont.), 8s 2d; Westport Coal (cum div.), 38s 3d; Manning Brewery, 39s 6d ; British Tobacco, 51s 9d. Friday. Auckland. —Sales: Inscribed Stock (1938), £96 10s; Soldiers’ Inscribed, £99 10s; New Zealand Breweries (debentures). 26s 6d; Bank of New Zealand. 61s (two sales) ; Union Bank of Australia. £ls ss, £25 5s 6d : Goldsbrough. Mort. 495; Auckland Gas (cont.), 8s 6d ; J. Staples and Co., 3Ss 6d ; Henry Jones Co-op.. 47s 3d : Stanford (Limited). 20s 5d : Sanford. Limited (pref.). 21s; Wilsons Cement. 365; Lucky Shot (cont.), ls; Kawarau. 7s 7d ; New Waiotahi (cont.). ls Gd, ls sd; Waihi, 19s; Waihi Grand Junction, ls. Wellington.—Sales: Bank of Australia, £l4 Js 6d. Christchurch.—Sales reported : National Bank of New Zealand. £6 16s 6d ; Bank of New Zealand, 6s; Union Bank. £ls 5s (<7 parcels) ; Kaiapoi Woollens. 13s 3d( 2 parcels) ; Westport Coal (cum div.), 38s 3d ; Christchurch Gan. 23s 9d; Kawarau Gold Mining., 7s 8d (2 parcels) ; Colonial Sugar, £52 15s. Sales: New Zealand Government 5J per cent. Inscribed (1934), £99 7s 6d; South British Inscribed, 57s Gd ; Goldsbrough Mort, 49s (2 parcels) ; Colonial Sugar, £52 10s. Saturday. Auckland.—Sale : J. Staples and Co.. 38s 6d Wellington.—Sale: Bank of New Zealand, £3 ls. Christchurch.—Sales reported : Bank of New Zealand, 61b ;'d. New Zealand Refrigerating (cont.), 8s 2d; New Zealand Drug Co., CBs 9iL