MINING.

Otago Witness, Issue 3774, 13 July 1926, Page 34

MINING.

THE WEEK’S NEWS. ALEXANDRA DEEP LEAD COMPANY. The operations of the Alexandra Deep Lead Company have been somewhat hampered of late owing to the absence of adequate power. A paddock has been opened up by hydraulic means, approximately a chain square and down to the 10ft level, but owing to the supply of water failing, a- change over was made to electric power. However, the motor and pump were too mall to be effective, and the manager, Mr Hamer, suspended operations until larger equipment is Installed, when it is hoped quickly_to remove the remaining few feet of ■urface silt and commence tunnelling. With this in view, the props and timber have been cut, and tramway and tail-race constructed, so with the arrival of the equipment the work can be put in hand immediately. DUNEDIN STOCK EXCHANGE. July s.—Sales: New Zealand Refrigerating (cont.), 8s 9d; Kawarau, 7s 9d. Sale reported: Dalgety, £l6 July-G. —Sales: Kawarau, Bs, 8s 1 (seven), is 2d; Molyneux Electric, 20s 6d. Sale reported: New Zealand Drugs (cont.), 15s 6d. July 7. —Sales: Kawarau, 7s 9d (five), 7s lOd. Sales reported: New Zealand Insurance, 43s (two). July B.—Sales: Kawarau, 7s 9d, 7s lOd {four), 7s lid; Waihi, 18e 6d. Saits reported: Kawarau, 7s lOd; Huddart, Parker (ord.), 44s 9d. July 9. —Sales: Goldsbrough, Mort., 48e 3d; New Zealand Refrigerating (cont.), 8s 2d; Kawarau, 7s lOd (two),‘7s 9d, 7s 7d, 7s 6d ftwo), 7s 5d (five), 7s 4d (two). Sales reported: Goldsbrough, Mort, 48s 3d (two); Wilsons Cement, 34s 6d; National Insurance, 84s; Wright, Stephenson (pref.), 17s 6d July 10. —Sales: Kawarau, 7s 3d (three ■ales); Molyneux Electric, 21s 6d (two Bales). Sales reported: Auckland Gas. 23s lid; National Insurance, 84s; New Zealand Insurance, 435. There were several sales on ’Change on Saturday, July 10, at the call-over of the Dunedin Stock Exchange, and lurther business was reported. Inquiry was good in most stock. The sales that took place were both in mining shares, three parcels of Kawaraus changing hands at 7s 3d and two tf Molyneux Electrics at 21s 6d. The following are' Saturday morning's buying and selling quotations, which are subject to the usual brokerage:— BANKING. Bank of New South Wales —Buy £44 16s. Bank of New Zealand—Buy 61s 6d, sel 62s 6d. Commercial Bank—Buy 31s 6d. National Bank —Buy £6 19s. National Bank of Australasia —Buy £lB. National Bank of Aust. (cont.) —Buy £9. Union Bank—Buy £ls 10s. BREWERIES. N.Z. Breweries (Ltd.) —Buy 58s. sel 60s. N.Z. Breweries (Ltd.), Debs.—Sel 26s 6d. Staples—Buy 38s 4d. INSURANCE. National Insurance Co. —Buy 83s 6d, sel S4s 6d. N.Z. Insurance Co.—Buy 42s 9d, Bel 43s Id. Standard Insurance Co.—Buy 61s. SHIPPING. Huddart, Parker (ord.)—Buy 44s 3d. Huddart, Parker P. and O. Deferred Stock—Sel £253. U.S.S. Co. (pref.)—Buy 20s Id. ! COAL. N.Z. Coal and Oil—Buy Is 3d. Taupiri Coal (ord.) —Buy 19s. Westport Coal Co.—Buy 36s 6d, sel 375. Westport-Stockton (ord.) —Buy Is 3d. Westport-Stockton (pref.)—Buy 2s Bd. J LOAN AND AGENCY. Goldsbrough, Mort—Buy 48s, sel 48s 9d. National Mortgage—Buy 72s 9d, sel 765. ] Perpetual Trustees—Buy 525. ’ Wright, Stephenson (ord.) —Buy 26s od. MEAT PRESERVING. N.Z. Refrigerating (pd.)—Sel 18s Bd. N.Z. Refrigerating (cont.)—Buy Bs, sel ts 4d. MISCELLANEOUS. Brown, Ewing (ord.) —Buy 31s. Brown, Ewing (pref.)—Buy 20s od. Bruce Woollen Co. —Sel 235. D.I.C. (ord.) —Buy 7a prem. D.f.O. (pref.)—Buy 20s 9d. Dental and Medical Sup.—Buy 16s. Dominion Rubber—Sel 62s 6d. Crystal Ice —Sel 22e. Dunedln-Kaikoral Trams —Buy 335. Dunedin Stock Exchange Proprietary—Buy Boa. Kalapoi Woollen (ord.) —Sel 13s 6d. Kaiapoi Woollen (cont.) —Buy 13s fld. Mllburn Lime and Cement—Buy 31e 9d. Mosglel Woollen Co.—Buy £6 15s. National Electric—-Buy 18s 6d, eel lbs Id. N.Z. Drug Co.—Bay 70s. N.Z. Drug Co. (oont)—Buy 14s 6d prom. N.Z. Express (ord.)—Boy 21s 9d« scd 89s •d. N.Z. Express (prof.)—Buy 17s Ad. It.i. Hardware (brd.) —Bay 11s M, sel 81s Bd.

N.Z. Guarantee Corp.—Buy 9a lOd. N.Z. Paper Mills (ord.) —Buy 18s 9d, sel 20s. Otago Daily Times—Buy 84s. Wellington Woollen (ord.) —Buy £6 Bs. Wilsons (N.Z.) Cement —Buy 34s 6d, eel 34s 9d. Taranaki Oil—Buy 12s Ad. N.Z. Milk Products—Buy 325. MINING. Kawarau G.M. 7s 3d, sel 7s 4d. Waihi—Buy 18s 9d. Waihi Grand Junction—Buy Is 2d, sel Is 6d. Electrolytic Zinc (pref.)—Buy 34s 6d, sel 35s 6d. Electrolytic Zinc (ord.) —Buy 345. Mount Lyell—Buy 25s 3d, sel 25s Bd. St. Bathans (A issue) —Sel Is 9d discount. Natural Bridge—Buy par. Molyneux Electric —Buy 21s, Bel 22s Ad. Mount Isa —Buy 16s lOd, sel 17s Bd. WAR BONDS. 45 per cent. Bonds, 1930 —Buy £97 ss. 4 per cent. Bonds, 1938—Buy £96 15s. 45 per cent. Bonds, 1939—-Buy £96 15s. 55 per cent. Soldiers' Bonds, 1933 —Buy £99 10s. 4 ner cent. Inscribed, 1938 —Buy £96 12s 6d. 4 per cent. Inscribed, 1930 —Buy £96 10s. 55 per cent. Soldiers Inscribed, 1933 — Buy £99 7s 6d. 5 per cent. Postal Bonds, 1927 —Buy £9B 10s. NORTHERN EXCHANG ES. The following business was done during the week: Monday. Auckland. —Sales: National Bank of New Zealand, £6 19s 6d; Bank of New Zealand, 625; Henry Jones Co-op., 47s 3d; Wilsons Cement, 33e 9d, 345; Alburnia, 4s 7d, Moanataiari (paid), 3s, (cont.), 3s, 2s lid, 2e lOd, 2s 9d, 2s Sd; Kawarau, 7s 9d, 7s lOd; Lucky Shot (cont.), Is sd; Waihi, 18e 6d.^ Wellington.—Sales reported: Bank of New South Wales, £46 2s 6d; Union Bank of Australia, £ls 9s 6d; Wilsons Cement, £1 14s 3d. Christchurch. —Sales reported: Dalgety and Co.. £l6; Goldsbrough, Mort, 47e 6d; Bank of Australasia, £l4 10s; Mannings’s Breweiy, 39s 6d; Christchurch Gas, 24s 9d.—-Sales: National Bank of Australasia (£lO paid), £lB Is; Union Bank, £ls 9a (two parcels), Western Australian Bank, 58a 9d; Goldsbrough, Mort, 47s 6d (two parcels), 47a 7d (two parcels), 47s 8d (three parcels); New Zealand Refrigerating (cont.), 8s lid, Christchurch Gas, 24s 8d; Staples’s Brewery, 38s 3d; Burns, Philp, 37a (two parcels); Electrolytic Zinc (pref.), 35e 9d (two parcels); Henry Jones Co-op., 47s 3d (two parcels). Tuesday. Auckland.—Sales: Auckland Harbour Board Debentures (1945), 5 and 4 per cent., £9B 10s; Commercial Bank of Australia, 31s 9d: Goldsbrough, Mort, 47s 9d; Hetheriuglon Collieries (cont.), 6e Id, 6s 2d; Northern Steamship, 15s; Huddart. Parker, 455; Alburia, 4a fl; Moariatriari (cont.), & 7d, 2s sd ; Kawarau, 8s Id, 8s 2d, 8s 3d; Jxuranui, 7d. Christchurch.—Sales reported: Henry Jones, 47s sd; Goldsbrough, Mort, 47s 9d, Western Australian Bank, 69s 3d; New Zealand Refrigerating (pd.), 18s 3d; New Zealand Refrigerating (cont.), 9s, 8s lOd, 8s lid, Os; National Insurance, 80s 3d (two parcels). Sales: Commercial Bank of Aust, 21s 3d; New Zealand Refrigerating (pd), 18s (four parcels); New Zealand Refrigerating (cont.), 8s lOd; British Tobacco, 52s 3d; Electrolytic Zinc (pref ), 35s 9d. Wednesday. Auckland.—Sales: War Loan (1938), 16s; Bank of Australasia, £l4 10s; Union Bank of Australia, £ls 10s; Auckland Gas, 23s lid; Auckland Gas (cont.), 11s 8d; British Tobacco, 52s Gd; Colonial Sugar, £64 ss; Taranaki Oil, 13s 3d; Wilsons Cement, 34s 4d; Alburnia, 4s Bd, 4s 7d; Kawarau, 8s Id, Bs, 7a lid, 7s lOd; Kuranui, 7d ; New Waiotahi (cont.), Is 6d; Ohinemuri, 5s 9d; Waihi Grand Junction, Is. Wellington.—n Sales reported: 5| per cent. Bonds, New Zealand Government Loans, £99 15s; Bank of Australasia, £l4 10s; Wellington Deposit and Mortgage, 9s 6d. Christchurch.—Sales reported: New Zealand Government 55 per cent. Bonds (1933;, £99 15s ; Union Bank, £ls 10s; Western Australian Bank, 59s 3d; Wilsons Cement, 345, (three parcels); Bank of Australasia. £14108; New Zealand Insurance, 435. Sales: New Zealand Government 5 per cent. Bonds (1927), £9B 15s; Bank of New Zealand, 62s (two parcels); National Insurance, 81s 6d; Canterbury Frozen Meat (pref.), £5 6e; New Zealand Refrigerating (cont.), »s 3d; Wilsons Cement, 34s 3d (three parcels) : Mount Lyell, 25s Bd. Thursday. Auckland. —Sales: Mount Eden Borough Debentures (1925), 65 per cent., £lO5 15s; Auckland City (1926), 5J per cent., £96; Bank of New Zealand, 625; National Insurance, 84s; South British Insurance, 61s 6d; Goldsbrough, Mort, 48s; Auckland Gas (cont.), 11s 9d; New Zealand Breweries, 595; Alburnia, 4s 7d, 4s 6d, and 4s sd; Kawarau, 7s lid; Majestic, Is 2d; Waihi Grand Junction, Is 2d, Is 3d, and Is 4d; Mount Lyell, 25s Bd. Chjistchurch. —Sales reported: New Zealand Government 55 per cent. Inscribed (1933) £99 15s; Bank of New Zealand, 62s (four parcels) ; Wilson’s Cement, 34s Ad (2); Western Australian Bank, 49s 6d; National Insurance, 84s; Goldsbrough, Mort, 48s (six parcels) ; Colonial Sugar, £54 10s; British Tobacco, 52s 3d (two parcels), 52s 6d, 525; New Zealand Breweries, 59s 6d; Mount Sales: National Bank of Australasia (£lO paid), £lB 2s 6d ; Goldsbrough, Mort, 48s; Nek Zealand Refrigerating (con,*), 8s 4d; Staples's Brewery, 38s 3d; Colonial Sugar, £54 ss; Mount Lyell, 25s 7d. Friday. Auckland.—Sales: South British, 61s 6d; Kaiapoi (cont.), 4s; Kawarau, 7s lid, 7s lOd, 7s 9d; Majestic, Is 2d; Waihi, 19s 3d; Waihi Grand Junction, la sd, Is 6d, Is sd, la 4d. Wellington.—Sales reported: New Zealand Government Loans, 65 per cent. Inscribed Stook (1933), £99 12s 6d, £99 15s. Sales: 45 per cent. Bonds (1942), £96 15s; South British Insurance, £3 Is 6d. Christchurch.—Sales reported: Western Australian Bank, AOs; Electrolytic Zino (pref.), 35s 3d; New Zealand Drug Co., 70s 6d; Goldsbrough, Mort, 48s Id, 48e (two parcels); New Zealand Refrigerating (cont.), 8s 4d; Christchurch Gas, 26a. Sales: Western Australian Bank, 60s, 59s 9d; New Zealand Refrigerating (coqt.), 8s 4d (two parcels); Christchurch Gas, 265 ; Waihi Giand Junction, Is 6d. Invercargill.—Bale reported: New Zealand Insurance, 43a. Saturday. Auckland.—Sales: Union Bank of Australia, £l6 10s; Alburnia, 4s 4d.